Examples of Applicable Cap in a sentence
Applicable Cap: $15,000.00 per covered claim over the life of the claim.
Applicable Cap: $2,500.00 per covered claim over the life of the claim provided the member has incurred the first $2,500.00 in fees towards the Family Law covered claim.
Applicable Cap: $2,500.00 per covered claim over the life of the claim, provided the member has incurred the first $2,500.00 in fees towards the covered claim.
In the Petition, the Trustee on behalf of the Trust requests authority from and after January 1, 2015 to use Trust assets to pay Protocol Expenses related to the pursuit of RMBS Claims from pre-waterfall Trust funds without application of the Applicable Cap.
Any other non-Protocol Expenses payable or reimbursable from Trust funds pursuant to the Trust Agreement would still be subject to the Applicable Cap in accordance with the terms of the Trust Agreement.