Examples of Investment Cap in a sentence
Investment Cap - The value determined in section (b) above cannot exceed [200%] of the total of gross payments and Payment Credits, adjusted for subsequent withdrawals.
The Investment Cap represents the potential total amount allocated to each servicer and includes the maximum amount allotted for all payments to servicers and lenders/investors as well as payments on behalf of borrowers.
This Investment Cap is subject to adjustment based on the total amount allocated to the program and individual servicer usage for borrower modifications.
Where a person’s pre-existing voting power in the BookBuild Issuer at the date the offer on ASX BookBuild opens already exceeds that maximum percentage, then the Investment Cap in respect of that person is the percentage of their voting power at that date (the intention being that no person should receive an allocation in an offer on ASX BookBuild if it would cause their or anyone else’s voting power to increase beyond the level at that date).
The parameters to be set by the BookBuild Issuer (and, other than for the Investment Cap, communicated to ASX by the Technical Lead Manager) are as follows.