A tolerance ring can include a generally cylindrical body that can include a side wall. The sidewall can define a top and a bottom. Further, the sidewall can include a plurality of wave structures that can extend from the sidewall, a plurality of unformed sections, and a gap that can extend along the entire length of the body. Each unformed section can be located between a pair of adjacent wave structures. Further, the gap can establish a split in the body. The tolerance ring can also include at least one hole intersecting at least one of the wave structures to establish a perforated wave structure.