Budget Variance definition

Budget Variance as defined in Section 10.1.12.
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Budget Variance means the percentage deviation for all operating expenditure line items during any Testing Period, in the aggregate, of the amount set forth in the DIP Budget for all operating expenditure line items for such Testing Period; provided that (i) any payments made from Unencumbered Cash (as defined in the DIPFinal Order) and (ii) professional fees and expenses of the Loan Parties, the Prepetition Agent, the Prepetition Debt Holders and the Lender Parties shall be excluded for purposes of determining compliance with the DIP Budget.
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Budget Variance has the meaning specified in Section 8.21.
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Examples of Budget Variance in a sentence

  • The annual risk assessment result for a school will be determined using a balanced weighted formula utilizing the individual scores calculated for each indicator as follows: Budget Variance (10%) The individual and final risk assessment results will be represented as one of five categories based on the school’s risk assessment calculations as color-coded below and will be rounded to the nearest whole number.

  • Debt to Asset Ratio Cash Flow Total Margin Budget Variance The framework adopts a risk assessment model as part of ongoing oversight and monitoring of charter schools’ fiscal activities, and renewal decision-making.

  • No later than the last Business Day of each calendar week (commencing with the calendar week starting immediately after the Effective Date), a Budget Variance Report as of the end of the immediately preceding calendar week.

  • The reports to be submitted shall consist of the MANAGER'S Commercial Income Report and Commercial Budget Variance Report, (samples of which are attached as "Exhibit B") and such other monthly, quarterly and annual reports as are customary in commercial property management relationships and as reasonably requested by OWNER in writing from time to time.

  • Each Budget Variance Report delivered in accordance with this Agreement shall be true, complete and correct in all material respects for the period covered thereby and in the detail to be covered thereby as of the date such Budget Variance Report is delivered.

  • Budget Variance Report showing the actual expenses versus the budget for the current period and year-to-date.

  • Notwithstanding the foregoing, the first Compliance Certificate and Approved Budget Variance Report shall cover the weeks ending June 7, 2014 and June 14, 2014 and shall be furnished on June 20, 2014.

  • Budget Line Items may be adjusted within a Budget Variance of 10%.

  • The Loan Parties shall continue to comply with the Budget Variance Report obligations set forth in the Fifth Amendment and, as such, on or before 2:00 p.m. (Boston time) on Friday of each week, the Borrowers shall deliver to the Agents a Budget Variance Report.

  • The Lender may approve or disapprove of such Budget Variance Report in the Lender’s discretion, but the Lender’s approval shall not be unreasonably withheld.


More Definitions of Budget Variance

Budget Variance has the meaning contemplated in section 4.7;
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Related to Budget Variance

  • Budget Year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Permitted Variance shall have the meaning set forth in Section 6.20.

  • Budget Period means the fiscal period for which a budget is prepared.

  • Budget unit means the unit for which the ANB of a district is calculated separately pursuant to 20-9-311.