Bank Cap definition

Bank Cap means, with respect to the aggregate principal balance of the Total Loans held by the Bank as of any date of determination, an amount equal to [***][***].
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Bank Cap means, with respect to the aggregate principal balance of the Total Loans held by Bank as of the last day of any calendar month, [TEXT REDACTED].
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Bank Cap means, with respect to the aggregate principal balance of the Total Loans held by Bank as of the last day of any calendar month, the applicable amount set forth in the following table: Months ending April 30 2023 and May 31, 2023 Waived Months ending June 30, 2023 and July 31, 2023 $550,000,000 Months ending August 31, 2023, September 30, 2023 and October 31, 2023 $500,000,000 Month ending November 30, 2023 and each month thereafter $400,000,000 (plus the Additional Capacity, if any)
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Examples of Bank Cap in a sentence

  • Once the Terminal Leave Bank Cap is reached, employees shall be paid for one-third (1/3) of their unused sick leave per year with the balance of such unused sick leave credited to the Sick Leave Bank as set forth above in number 3.

  • Sunlight shall be entitled to withdraw funds from the Cash Collateral Account solely to the extent that, after giving effect to such withdrawal, the Total Loans held by Bank would not exceed the Bank Cap.

  • If the Program Bank Cap has been reached at all Program Banks, we may suspend the Program and UMB may refuse to accept further deposits to the Program.

Related to Bank Cap

  • Failed Bank Charge-Offs/Write-Downs means, with respect to any Shared- Loss Asset, an amount equal to the aggregate amount of reversals or charge-offs of Accrued Interest and charge-offs and write-downs of principal effected by the Failed Bank with respect to that Shared-Loss Asset as reflected on the Accounting Records of the Failed Bank.

  • Maximum Swingline Amount means $5,000,000.

  • Spread Account Percentage means, (i) 0% if the Quarterly Excess Spread Percentage on such Payment Date is greater than or equal to 5.00%, (ii) 2.00% if the Quarterly Excess Spread Percentage on such Payment Date is less than 5.00% and greater than or equal to 4.50%, (iii) 2.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.50% and greater than or equal to 4.00%, (iv) 3.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and greater than or equal to 3.50%, (v) 4.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.50% and greater than or equal to 3.00%, (vi) 5.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.00% and greater than or equal to 2.50%, (vii) 6.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 2.50% and greater than or equal to 1.50%, (viii) 7.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 1.50% and greater than or equal to 0.50% and (ix) 8.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 0.50%.

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • Bank Charges means the charges levied by the Merchant Acquiring Bank for Transactions and Refunds. “Bank System” means the banking system operated by any approved bank, financial institution or other body.