Maximum Cap definition

Maximum Cap. Any of the Group I Maximum Cap, the Group II Maximum Cap or the Subordinated Maximum Cap, as the context requires.

Maximum Cap has the meaning set forth in Section 5.8(B)(ii)(c)(3).

Maximum Cap. With respect to each Contract, the amount set forth on the ----------- Contract Schedule pursuant to clause (v) of the definition thereof.

Examples of Maximum Cap in a sentence

• For any Distribution Date and this Certificate, the Formula Rate is the lesser of (a) One-Month LIBOR plus the Certificate Margin and (b) the Maximum Cap Rate.

• For any Distribution Date and this Certificate, the Formula Rate is the lesser of (i) One-Month LIBOR plus the Certificate Margin and (ii) the Maximum Cap Rate.

• The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall be the least of (x) the related Net WAC Pass-Through Rate for such Distribution Date, (y) One-Month LIBOR plus the related Certificate Margin and (z) the related Maximum Cap Rate.

• For any Distribution Date and this Certificate, the Formula Rate is the lesser of (i) One- Month LIBOR plus the Certificate Margin and (ii) the Maximum Cap Rate.

• Maximum Cap is subject to redetermination pursuant to the terms of this Agreement and the Credit Agreement.

More Definitions of Maximum Cap

Maximum Cap means $650,000,000, as such amount is increased from time to time in accordance with Section 2.2(f); provided, however, that the Maximum Cap shall never exceed the Borrowing Base. Any increase in the Maximum Cap other than one contemplated under Section 2.2(f) will require the approval of each Lender, the Borrower and the Administrative Agent.

Maximum Cap. With respect to each Group II Contract, the amount set forth ----------- on the Group II Contract Schedule pursuant to clause (v) of the definition thereof.

Maximum Cap. With respect to any Distribution Date, the Senior Maximum Cap or the Subordinate Maximum Cap relating to the Group 1 Mortgage Loans or the Group 2 Mortgage Loans, as applicable.

Maximum Cap has the meaning specified in Section 10.4(b).

Maximum Cap means an amount equal to $60,000,000 plus any amounts paid pursuant to the Earnout Agreement. For purposes of determining the Maximum Cap, any Earnout Payments (as defined in the Earnout Agreement) earned by Holdco under the Earnout Agreement but not paid pursuant to an offset in accordance with this Agreement shall be deemed to have been paid to Holdco.

Maximum Cap means, with respect to a Limited Guarantor at any time, a dollar amount that when added to all other long-term indebtedness of such Limited Guarantor at such time, would cause such Limited Guarantor’s “proprietary capital ratio” to be equal to 40% at such time.

Maximum Cap. With respect to each Group II Contract, the percentage set forth as such on the Group II Contract Schedule.