Aggregate payment caps Sample Clauses

Aggregate payment caps. 10.2.1 The aggregate amount payable pursuant to all of the Compensation Rules in any Compensation Group (excluding amounts in respect of interest) by the Transporters to all Users in respect of any month (month ‘n’, where n is 1 for the first month in the Compensation Year, 2 for the second such month, and so on) in any Compensation Year shall not exceed an amount (the "Monthly Available Compensation Amount") determined as the lesser of: where: CML is the cumulative monthly limit for that Group calculated as: GL * n / 12 where GL is the amount of the Group Limit; PP is zero (0) in relation to month 1, and otherwise is the aggregate amount (adjusted pursuant to paragraphs 10.2.2 and 10.2.3) payable pursuant to all of the Compensation Rules in the relevant Compensation Group in respect of months 1 to n-1 inclusive; GLI the aggregate unadjusted amount payable pursuant to all of the Compensating Rules in the Compensation Group in respect of month n; SF is a scaling factor which shall be the lesser of one (1) and a factor determined as: (50,000,000 ∗n) / 12 − APP AMC where: APP is the sum, for all Compensation Groups, of the amounts PP in relation to months 1 to n-1; AMC is the sum, for all Compensation Groups, of the lesser of: (1) GLI; or (2) the cumulative monthly limit CML for the Compensation Group in relation to month n less PP. 10.2.2 Where in respect of any month the aggregate unadjusted amount payable by the Transporters pursuant to all of the Compensation Rules in any Compensation Group would exceed the applicable Monthly Available Compensation Amount, determined in accordance with paragraph 10.2.1 but on the basis of a scaling factor SF equal to one, the amounts payable by the Transporters to Users pursuant to each Compensation Rule in respect of that month shall be reduced pro rata so that the aggregate of such reduced amounts is equal to the Monthly Available Compensation Amount. 10.2.3 The amounts, adjusted in accordance with paragraph 10.2.2, payable by the Transporters to Users pursuant to each Compensation Rule in respect of that month shall be further adjusted by the scaling factor SF.