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 [***][***].
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].
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)
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.