Material Budget Deviation

Example Definitions of "Material Budget Deviation"
Material Budget Deviation. Shall mean, with respect to any Test Period, if (i) the actual aggregate cash disbursements of Borrower during such Test Period exceed one hundred ten (110%) percent of the projected aggregate cash disbursements during such Test Period as reflected in the Budget, (ii) the actual aggregate cash receipts of Borrowers during such Test Period are less than ninety (90%) percent of the projected aggregate cash receipts during such Test Period as reflected in the Budget or (iii) the actual aggregate... value (calculated at the lower of Cost or market) of the Eligible Inventory received by Borrower during such Test Period is less than ninety (90%) percent of the value (calculated at the lower of Cost or market) of the Eligible Inventory projected to be received by Borrower during such Test Period as reflected in the Budget. View More Arrow
Found in RoomStore, Inc. contract
Material Budget Deviation. Shall mean, with With respect to any Test Period, if (i) (A) the actual aggregate cash disbursements of Borrower during such Test Period exceed one hundred ten (110%) twenty (120%) percent of the projected aggregate cash disbursements during such Test Period as reflected in the Budget, (ii) (B) the actual aggregate cash receipts of Borrowers Borrower during such Test Period are less than ninety (90%) seventy-five (75%) percent of the projected aggregate cash receipts during such Test Period as... reflected in the Budget or (iii) (C) the actual aggregate value (calculated at the lower of Cost or market) of the Eligible Inventory of Borrower received by Borrower during such Test Period is less than ninety (90%) percent of the projected value (calculated at the lower of Cost or market) of the Eligible such Inventory projected to be received by Borrower during such Test Period as reflected in the Budget. View More Arrow
Found in RoomStore, Inc. contract
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