the Cap definition

the Cap means the sum specified in relation to that authority in column (4) of Schedule 1, and
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the Cap means the lesser of £2 million and 90 per cent of the Past Service Deficit.
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Examples of the Cap in a sentence

  • Loan Modifications (Pertains only to loans modified for loss mitigation purposes) Numeric – Decimal 0.015 9.999999 Modified Loans Only >= 0 to <= 1 152 Pre-Modification Subsequent Interest Rate Cap Maximum increment the rate can adjust upward AFTER the initial rate adjustment (prior to modification) – Only provide if the Cap is modified.

  • If a Transfer of all or part of the Mortgaged Property permitted by this Loan Agreement occurs, Borrower will ensure that any third-party Cap Agreement is transferred to the applicable transferee or, if the Cap Agreement is not transferable, Borrower will replace the third-party Cap Agreement in accordance with Lender’s then-current requirements.

  • However, the Cap shall not be reduced below an aggregate of $150,000,000 for all Agricultural Contractor accounts.

  • Any funds payable by the Trustee under the Cap Contracts at closing shall be paid by the Depositor.

  • The aggregate amount of all Losses for which Buyer shall be liable pursuant to Section 8.03(a) shall not exceed the Cap.

  • In the event that any payment to the Guaranteed Party in respect of the Obligations is rescinded or must otherwise be returned for any reason whatsoever, the Guarantor shall remain liable hereunder with respect to its Guaranteed Percentage of the Obligations (subject to the Cap) as if such payment had not been made by the Guarantor.

  • Notwithstanding anything to the contrary contained herein or in the Cap Contract, the Trustee shall not be required to make any payments to the counterparty under the Cap Contract.

  • Any funds payable by the Trustee under the Cap Contract at closing shall be paid by the Depositor.

  • However, each Agricultural Contractor shall continue to make deposits to the trust fund matching the amount of each year’s reductions as provided in subdivision (d) of this article so long as the amount in that contractor’s account is less than its share of the Cap.

  • Whenever accumulated funds (including interest) in an Agricultural Contractor’s account in the trust fund exceed that contractor’s share of the Cap, or the estimated remaining payments the contractor is required to make to the State prior to the end of the project repayment period, that contractor may direct the trustee to pay such excess to the contractor.

Related to the Cap

  • Indemnity Cap has the meaning set forth in Section 8.4.3.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Basket Amount has the meaning set forth in Section 10.5(b).

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.