Base Cap definition
Examples of Base Cap in a sentence
If you exceed your Base Cap, we reserve the right to recover from you the cost of the amount of data by which you have exceeded your Base Cap.
D = Your Current Payment Base * (1 + Annual Payment Base Cap), if applicable.
C = Your Payment Base as of the prior Valuation Day times the sum of 100% plus the Modal Payment Base Cap, if applicable.
The parties agree that this Limited Guarantee may not be enforced without giving effect to the Cap (including the Base Cap).
With respect to Excluded Claims, in no event will TT’s aggregate maximum liability for damages or other obligations arising out of or in connection with this Agreement, whether based upon a theory of contract or tort (including negligence) or otherwise, exceed the greater of five (5) times the Base Cap or One Hundred Thousand United States Dollars (US $100,000).
Neither the Administrative Agent, the Collateral Agent or the Documentation Agent shall have any duty to monitor the Collateral used to calculate the Borrowing Base Cap, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-Borrowers.
The Company will make superannuation contributions on the Employees behalf at the rate of 11.5% of OTE up until the Superannuation Guarantee Legislation Maximum Earning Base Cap or in accordance with the following table, whichever is the greater.
The Borrower shall deliver a certificate of a Responsible Officer with the delivery of each Reserve Report pursuant to Section 8.12(a) and Section 8.12(b) certifying as to the Borrowing Base Cap as of such date, including a copy of the calculation for such and setting forth as of such date the outstanding principal amount of Second Lien Notes.
Outstanding Daylight Overdrafts (which have not been paid by the Co-Borrowers or through Overdraft Advances), plus the Effective Amount of all other outstanding Revolving Loans, plus the Effective Amount of all L/C Obligations under the Borrowing Base Line shall not at any time exceed the Borrowing Base Cap.
With respect to Excluded Claims, in no event will TT’s aggregate maximum liability for damages or other obligations arising out of or in connection with this Agreement, whether based upon a theory of contract or tort (including negligence) or otherwise, exceed the greater of (i) five (5) times the Base Cap or (ii) One Hundred Thousand United States Dollars (US $100,000).