# Payment Cap definition

Payment Cap. For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.
Payment Cap means the maximum amount described in Section 6.12(b) hereof
Payment Cap means the maximum amount which may be paid to Employee under the terms of this Agreement without subjecting Employee to the Excise Tax.

## Examples of Payment Cap in a sentence

• Where: Bq = the Quarterly Payment for the relevant Quarter; NSY = the Annual Revenue Floor; Iq = the Adjusted Net Operational Revenue for the relevant Quarter; and HSY = the Annual Payment Cap for the relevant Support Year; and KSY = the Annual Revenue Ceiling.

• It is also required to provide this information in MC5 Returnable Schedule.] The Annual Payment Cap in respect of a Support Year is: (a) for the first Support Year \$[insert]; (b) for the second Support Year \$[insert]; (c) for the third Support Year \$[insert]; (d) for the fourth Support Year \$[insert]; and (e) [insert further rows to reflect the Support Period] \$[insert];.

• Calculation of Annual Support Amount The Annual Support Amount for each Support Year is calculated as follows: CSY = Min((NSY - ISY) x J, HSY) Where: CSY = the Annual Support Amount for the relevant Support Year; NSY = the Annual Revenue Floor; HSY = the Annual Payment Cap; ISY = the Adjusted Net Operational Revenue; and J = the Revenue Floor Support Percentage, each for the relevant Support Year provided that if the Annual Support Amount is less than zero, then it will be deemed to be zero.

• Annual Payment Cap [Drafting note: the shortlisted Proponent is required to providecomplete this informationItem 20 here as part of its Financial Value Bid in Stage B of the Tender Process.

• Cap on Annual Adjustment Amount The Commonwealth will not be required to pay any Annual Adjustment Amount to the extent that the sum of: the Annual Adjustment Amount payable by the Commonwealth; and the sum of the Quarterly Payments Amounts paid by the Commonwealth, in a Financial Year is greater than the Annual Payment Cap.

## More Definitions of Payment Cap

Payment Cap means the maximum amount you will pay under this Agreement, not including fees and collection costs.
Payment Cap means the maximum amount you will pay under this ISA, not including fees and collection costs.
Payment Cap means, on any given day, an amount equal to 48% of the notional amount of this Security outstanding as of such day.
Payment Cap. With respect to any Mortgage Loan, the limit, if any, contained in the related Mortgage Note restricting the adjustment of the related Scheduled Monthly Payment on any Payment Adjustment Date, as indicated on the Mortgage Loan Schedule. PCAOB: The Public Company Accounting Oversight Board.
Payment Cap has the meaning accorded such term in Section 4.01.
Payment Cap means the maximum amount of money a consumer may be required to pay to satisfy the consumer’s payment obligation under an income share agreement.
Payment Cap means an amount equal to the lesser of Twenty Five Million Dollars (\$25,000,000) and [**] times the Funding.