Common use of Variance Reports Clause in Contracts

Variance Reports. Any variance report furnished by the Borrower pursuant to subsection 4.2(A)(1)(b) shows either (i) a negative variance of cumulative actual aggregate disbursements from the Projected Aggregate Disbursements set forth in the Approved Budget since the beginning of the first projected Calendar Week ending August 29, 2008 of greater than $2,500,000 in the aggregate, or (ii) a negative variance of cumulative actual aggregate collections from the Projected Aggregate Collections set forth in the Approved Budget since the beginning of the first projected Calendar Week ending August 29, 2008 of greater than $2,500,000 in the aggregate, unless, with respect to clauses (i) and (ii) above, a negative variance of cumulative actual net cash flow before borrowings from the Projected Net Cash Flow Before Borrowings set forth in the Approved Budget since the beginning of the first projected Calendar Week ending August 29, 2008, 2008 is less than $2,500,000; or

Variance Reports. Any variance report furnished by the Borrower pursuant to subsection 4.2(A)(1)(b) shows either (i) a negative variance of cumulative actual aggregate disbursements from the Projected Aggregate Disbursements set forth in the Approved Budget since the beginning of the first projected Calendar Week ending August 29, 2008 of greater than $2,500,000 in the aggregate, or (ii) a negative variance of cumulative actual aggregate collections from the Projected Aggregate Collections set forth in the Approved Budget since the beginning of the first projected Calendar Week ending August 29, 2008 of greater than $2,500,000 in the aggregate, unless, with respect to clauses (i) and (ii) above, a negative variance of cumulative actual net cash flow before borrowings from the Projected Net Cash Flow Before Borrowings set forth in the Approved Budget since the beginning of the first projected Calendar Week ending August 29, 2008, 2008 is less than $2,500,000; or