The tolerance on DC bus voltage is usually 90V to 140V. Now , as correctly specified by DLynn, 2.25V/cell is the correct float voltage. Now 125VDC is the 'nominal voltage' whereas 135VDC is the actual float voltage. You should be more worried of the end cell voltage which typically is 1.75V/cell but can be much higher depending on the voltage window for the counsumer devices and also the voltage drop in the system. One typical application is the DC motor of a MV Breaker which can start running in the last 1 min of the 8hr discharge cycle. Thus after calculating the voltage drop, one can end up with much higher end cell voltage.
DPC, you are correct in saying that many a times we may have lower no., of cells. Some UPS manufacturer's routinely give 54 cells, since the DC link voltage is limited by the lowest voltage that the inverter can tolerate, and also the current carrying ability of the components, since to deliver the same kVA o/p at lower DC voltage, a greater current is seen at the DC link level.