Monthly Cap definition
Examples of Monthly Cap in a sentence
CAISO Unit Monthly Cap Fuel Costs is the sum of the CAISO Unit Hourly Cap Fuel Cost (calculated pursuant to Equation C1-5) for each hour of the Month for each Unit.
The CAISO Facility Cumulative Cap Fuel Cost is the sum of all CAISO Unit Monthly Cap Fuel Costs for all Units at the Facility since the start of the Contract Year, including the current Month.
The SLA Monthly Cap for all SLAs for each device is a total accumulative penalty of no more than 25% of the monthly recurring charges during any one month period of the recurring charge paid by the customer for a particular device.
For each subsequent year, the Franchisor may increase the Monthly Cap by up to 3% or by the consumer price index for the previous year (as published by the Bureau of Labor Statistics of the United States Department of Labor), whichever is the greater.
In lieu of the Monthly Cap Escrow Payment, Borrower may, on the date any Cap is purchased, deliver to Lender a letter of credit issued by a financial institution reasonably acceptable to Lender and having terms and conditions reasonably acceptable to Lender having a face amount equal to 125% of the cost, as reasonably estimated by Lender, to obtain any required Subsequent Caps.
Buyer CA may not offer (and Gogo’s SLA Obligations shall not apply to) any free-to-passenger (whether long-term or as part of a short-term sponsorship program) or other programs that would reasonably be expected to result in a significant increase in network usage and a violation of any Monthly Cap by Buyer CA ATG aircraft without Gogo’s prior written consent.
Until the Borrower obtains a Cap or Caps that have a term through the entire term of the Variable Facility Commitment, the Borrower shall, on the first Business Day of each month, deposit with the Lender the Monthly Cap Escrow Payment.
The "Monthly Cap Escrow Payment" means, with respect to the first 36 months after the purchase of a Cap for less than the entire remaining term of any portion of the Variable Facility Commitment, an amount equal to one thirty-sixth (1/36) of 125% of the cost, as reasonably estimated quarterly by the Lender, to obtain any required Subsequent Cap plus any amount required to increase the Cap Escrow Fund to the amount then required to be funded in the Cap Escrow Fund based on the then current cost estimate.
If no Default or Event of Default has occurred and is continuing, (i) the annual fees and expenses of any Financial Advisor appointed pursuant to this Section 11.05 after the Closing Date shall not exceed one hundred and fifty thousand Dollars ($150,000) and (ii) the fees and expenses of any such Financial Advisor in any month shall not exceed twelve thousand five hundred Dollars ($12,500) (the “Monthly Cap”) plus any un-used portion of the Monthly Cap in respect of any prior month.
The Lender shall deposit the Monthly Cap Escrow Payments in an interest-bearing account (the "Cap Escrow Fund") which meets the standards for custodial accounts as required by Lender from time to time.