Maximum Payment Cap definition

Maximum Payment Cap means Twenty-Eight Million U.S. Dollars ($28,000,000).
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Maximum Payment Cap means Ten Million U.S. Dollars ($10,000,000).
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Examples of Maximum Payment Cap in a sentence

  • Whether the Maximum Payment Cap shall have been attained shall be determined by adding all Sublicense Payments paid to AWE, the Tenderland Advance, the Mould Payment and any amounts set-off or netted from such payments or advance in accordance with the terms of this Agreement.

  • Any such indemnification payments set-off shall not be deemed received by AWE for purposes of determining whether the Maximum Payment Cap has been achieved.

  • Any interest paid to AWE will be excluded in calculating the Maximum Payment Cap.

  • To the extent requested by AWE in writing, from time to time, and at AWE’s expense (which at EWT’s option may be deducted from Settlement Payments and, notwithstanding anything to the contrary contained in this Agreement, such deduction will be counted in determining the Maximum Payment Cap), EWT will have quarterly statements regarding the monthly information prepared and certified by an independent auditor and delivered to AWE within sixty (60) days of quarter end.

  • On each Quarterly Date, all amounts held in the Cash Flow Account shall be applied in prepayment on the Loans; provided, however, that if such amount is greater than the Maximum Payment Cap, only the Maximum Payment Cap shall be so applied, with the balance to be retained in the Cash Flow Account (income accruing on amounts and investments held in the Cash Flow Account may be distributed to the Borrower so long as no Event of Default has occurred).

  • Notwithstanding termination of this Agreement by AWE under this Section 6.3, if the termination is with respect to (c) above, EWT’s rights hereunder shall continue at EWT’s option with respect to all Goods under written purchase order with EWT prior to the termination date in which case EWT would continue to pay the Sublicense Payments to AWE in respect of such Goods until the total of all Sublicense Payments under this Agreement reaches the Maximum Payment Cap.

  • The Sublicense Payments made to AWE hereunder shall not exceed the Maximum Payment Cap.