Material Variance definition

Material Variance shall have the meaning specified in Section 3.5 of this Agreement.
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Material Variance is defined in Section 7.1 of the Company LLC Agreement.
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Material Variance means a difference of 10% or more in the adjusted EBITDA of the Group as set out in the Reconciliation Statement;
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Examples of Material Variance in a sentence

  • For the purposes of explaining each Material Variance, a three part approach has been taken.

  • The Board of Adjustments will deny, approve or approve with conditions the Building Material Variance application.

  • The explanations for variances of $10,000 and 10% more are in Note 12, the Material Variance Report.

  • Further detail is provided later in this report in the variance commentary by Program for the Rate Setting Statement.Variance Commentary by Nature & Type Revenues from Operations Material Variance City of Karratha Rate Setting Statement for the period ending 30 September 2014 Rate Setting Statement Original BudgetAmended BudgetYear to Date BudgetYear To Date ActualMaterial Variance>=10% $50,000 or moreVar.

  • CARRIED: Voting Requirement: Simple Majority MOVED: CR SECONDED: CR Part C – Material Variance Reporting for 2019-2020 In accordance with regulation 34(5) of the Local Government (Financial Management) Regulations 1996, and AASB 1031 Materiality, the level to be used in statements of financial activity in 2019-2020 for reporting material variances shall be 10% or $25,000, whichever is the greater.


More Definitions of Material Variance

Material Variance means a determination by PMI that the risk factors identified in the actual Loan file for a specific Loan and the layering of these risk factors are materially different than the risk factors for that Loan identified in the Set-up file such that had the actual risk factors been identified in the Set-up File, the Loan would not have been an Eligible Loan, or the premium rate would have been more than 5% higher than the premium rate assigned to the Loan in the Certificate Schedule.
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Material Variance shall have the meaning assigned thereto in Section 7.1(b). “New Contracts” shall have the meaning assigned thereto in Section 3.3(b). “New Lease” shall have the meaning assigned thereto in Section 11.6.
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Material Variance means a variance exceeding ±10% in total income, total operating expenses, total net profit, capital expenditure, total assets, borrowings and other liabilities;
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Material Variance shall have the meaning set forth in Section 8.01(b)(3)(C)(ii) of this Agreement. Credit Agreement
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Material Variance means a variance in excess of $40,000 with respect to the amount that the Reviewed Balance Sheet varies from the Adjusted Proforma Balance Sheet. Any variance included in the Post Closing Adjustment or in the calculation of a Material Variance must be the result of a quantifiable difference that arises not primarily as a result of differences in accounting methodologies: Seller's normal and customary practices versus Buyer's GAAP based accounting analysis. If there is a Material Variance, then Buyer shall be compensated by the Seller for the negative difference that is in excess of the Material Variance and Seller shall be compensated by Buyer for the positive difference that is in excess of the Material Variance. This difference that is in excess of the Material Variance that shall be set forth on the Adjustment Certificate together with all information necessary to support this determination.
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Material Variance has the meaning ascribed to such term in Section 4.03 of this Agreement.
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Material Variance means, with respect to any line item in the Annual Business Plan for any period, a variance with respect thereto equal to the greater of 5% of the budgeted amount therefor and $20,000.
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