Maximum Payment definition

Maximum Payment. The maximum retirement / severance payment benefit, under the provisions of this Article, shall be $14,500.00 under Option I and $18,000.00 under Option II.

Maximum Payment means the Seven Million Five

Maximum Payment. The maximum payment benefit under the provisions of this Article shall be $20,000.

Examples of Maximum Payment in a sentence

If the Company experiences a Change of Control, then the Company shall promptly pay to Purchaser an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3.
Unless payments have already terminated as a result of section 2.4, on the Maturity Date the Company shall pay to Purchaser an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3.
Notwithstanding section 2.2, no payments shall be due to Purchaser xXxx Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple.
Notwithstanding section 2.2, no payments shall be due to Purchaser afler Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple.
The Maximum Payment Schedule shall not limit payment for Change Order Work unless otherwise specified in the Change Order.

Maximum Payment means an amount equal to the Preferred Return.

Maximum Payment means the maximum dollar amount Delta Dental will pay in any Benefit Year or lifetime for Covered Services. The Maximum Payment is specified in the Declarations Section.

Maximum Payment means the maximum amount of the Voucher Payment that can be claimed by the Participant in respect of the relevant type of Eligible Break, as set out in the Scheme Guidance;

Maximum Payment. The maximum amount we will pay (as determined by us, and in accordance with the Member Schedule) for a particular benefit. The Maximum Payment will be the lesser of the following:

Maximum Payment in respect of a month or part thereof, the maximum interest and capital payment to the Lenders payable during that month;

Maximum Payment means the amount of $515,200.00;

Maximum Payment. The maximum early retirement payment benefit, under the provisions of this Article shall be $17,500 under Option 1 and $27,500 under Option 2.