Common use of Payment Cap Clause in Contracts

Payment Cap. If at any time a limitation is triggered under Section 8.02 or Section 8.03 hereunder, payments for Shares previously purchased but not paid for under Article Nine or Shares that would be required to be purchased by the Corporation hereunder but for such limitation shall be subject to a payment cap (“Payment Cap”). The Payment Cap is the amount of money, if any, that the Corporation can pay on an annual basis hereunder without triggering the limitation set forth in Section 8.02 or Section 8.03

Payment Cap. If at any time a limitation is triggered under Section 8.02 or Section 8.03 hereunder, payments for Shares previously purchased but not paid for under Article Nine or Shares that would be required to be purchased by the Corporation hereunder but for such limitation shall be subject to a payment cap (“"Payment Cap”"). The Payment Cap is the amount of money, if any, that the Corporation can pay on an annual basis hereunder without triggering the limitation set forth in Section 8.02 or Section 8.038.03 hereunder. The Directors, in