Payment Adjustment Cap definition

Payment Adjustment Cap means, with respect to an Adjustable Rate Mortgage Loan, the maximum amount of the related Monthly Payment as adjusted on a given Payment Adjustment Date in accordance with the terms of the related Mortgage Note.
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Payment Adjustment Cap. With respect to each Negative Amortization ---------------------- Mortgage Loan and each Payment Adjustment Date occurring prior to the initial payment date on which such cap is no longer applicable, the amount (expressed as a percentage) by which the monthly payment on such Negative Amortization Mortgage Loan due in the month preceding such Payment Adjustment Date is multiplied for purposes of calculating the maximum amount to which the monthly payment may be adjusted.
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Examples of Payment Adjustment Cap in a sentence

  • Milestone Payment Adjustment Cap has the meaning set forth in Appendix 4 to the Agreement.

  • Final Acceptance Milestone Payment Amount = FAMP – Lesser of (FAMPAC) or (FAMPA) Where: FAMP = Final Acceptance Milestone Payment shown in Exhibit 4 of the Agreement FAMPAC = the amount of the Final Acceptance Milestone Payment Adjustment Cap which shall be $10,000,000.

  • Substantial completion Milestone Payment Amount = SCMP – Lesser of (SCMPAC) or (SCMPA)Where: SCMP = Substantial Completion Milestone Payment shown in Exhibit 4 of the Agreement SCMPAC = the amount of the Substantial Completion Milestone Payment Adjustment Cap which shall be $10,000,000.

Related to Payment Adjustment Cap

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Adjustment Escrow Amount means $1,000,000.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Purchase Price Adjustment Escrow Amount means $3,000,000.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.