Payment Cap definition
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.
Payment Cap means the maximum amount described in Section 6.12(b) hereof
Payment Cap means the maximum amount which may be paid to Employee under the terms of this Agreement without subjecting Employee to the Excise Tax.
Examples of Payment Cap in a sentence
The parties agree that the total aggregate sum of all Fees, Expenses and Pass-Through Costs shall not exceed the Payment Cap.
More Definitions of Payment Cap
Payment Cap means the maximum amount you will pay under this Agreement, not including fees and collection costs.
Payment Cap means the maximum amount you will pay under this ISA, not including fees and collection costs.
Payment Cap means, on any given day, an amount equal to 48% of the notional amount of this Security outstanding as of such day.
Payment Cap. With respect to each negative amortization loan and each Payment Adjustment Date, the amount (expressed as a percentage) by which the Monthly Payment on such negative amortization 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, as identified as such on the Mortgage Loan Schedule. Payment Date: The 25th day of each month, or if such day is not a Business Day, then the next Business Day, commencing on September 25, 1998.
Payment Cap. With respect to any Mortgage Loan, the limit, if any, contained in the related Mortgage Note restricting the adjustment of the related Scheduled Monthly Payment on any Payment Adjustment Date, as indicated on the Mortgage Loan Schedule. PCAOB: The Public Company Accounting Oversight Board.
Payment Cap the sum set out in Part D of Schedule 2, exclusive of Value Added Tax;
Payment Cap has the meaning accorded such term in Section 4.01.