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
Until such time twelve (12) months after the Payment Cap has been achieved, all such books and records (or duplicates thereof) shall be maintained at Borrower’s principal place of business, and shall not be maintained in any other place without Lxxxxx’s prior written consent.
For the avoidance of doubt, the Payment Cap shall be inclusive of the fully repaid Obligations including the Commitment Amount (plus any Extension Interest, as applicable).
Lxxxxx’s examination and auditing rights hereunder shall extend for a period of twelve (12) months after the Payment Cap has been achieved.
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 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 has the meaning accorded such term in Section 4.01.
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.
Payment Cap means an amount equal to the lesser of Twenty Five Million Dollars ($25,000,000) and [**] times the Funding.