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

• Payment Cap: Notwithstanding any renewal, the City’s payment obligations under this Contract shall not exceed: {---Payment Cap---} (the “Payment Cap”) absent a written amendment executed by the City.

• Notwithstanding anything to the contrary contained herein, if a termination occurs prior to issuance of NTP2, the total amount payable to the Contractor shall in no event exceed the NTP1 Payment Cap.

• If the Contractor performs any Work in excess of the NTP1 Payment Cap, it does so at its own risk.

• In that case, such payment will be at the Transfer per diem rate capped at the Total Transfer Payment Cap.

• The portion of the Hospital stay during which the Member was not enrolled with the BH Contractor will be paid by EOHHS at the psychiatric per diem rate for psychiatric services in a DMH-Licensed Bed or at the Transfer per diem rate, capped at the Total Transfer Payment Cap, for substance-related disorder services and for psychiatric services in a non-DMH-Licensed Bed.

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.