Maximum Cap Sample Clauses

A Maximum Cap clause sets an upper limit on the total liability that one party may incur under a contract. In practice, this means that regardless of the number or value of claims made, the responsible party's financial exposure cannot exceed the specified cap, which is often defined as a fixed amount or a percentage of the contract value. This clause is essential for managing risk, as it provides certainty and predictability regarding potential losses, protecting parties from unlimited or disproportionate liability.
Maximum Cap. Notwithstanding monetary contribution towards Non-Monetary Relief (Section 3.4), in no event shall Knix be required to pay any amount in excess of $2,000,000 (the “Maximum Cap”). Knix’s total financial commitment under this Agreement shall be comprised of the Cash Minimum Amount and any applicable Replenishment Amount up to the Maximum Cap, and Knix shall not be required to pay any additional amount in connection with the Agreement, the Settlement, the Action or the claims released in Section 10 of this Agreement. If total valid claims, notice and administration costs, Attorneys’ Fee and Expense Payment, and service awards would exceed the Maximum Cap, the payments to Settlement Class Members shall be reduced on a pro rata basis.
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Maximum Cap. In no event shall Britax be required to pay any amount in excess of $1,800,000 (the “Maximum Cap”). Britax’s total financial commitment under this Agreement shall be comprised of the Cash Minimum Amount and any applicable Replenishment Amount up to the Maximum Cap, and Britax shall not be required to pay any additional amount in connection with the Agreement, the Settlement, the Action or the claims released in Section 10 of this Agreement. 3.3.2.1 Vouchers issued pursuant to Section 3.1.3 of this Agreement shall not be included in determining the Cash Minimum Amount, Replenishment Amount, or Maximum Cap. 3.3.2.2 If total Valid Claims, notice and administration costs, Attorneys’ Fee and Expense Payment, and Service Awards would exceed the Maximum Cap, the payments to Valid Claimants shall be reduced on a pro rata basis.
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Maximum Cap a. There shall be a maximum cap covering all reimbursements under this Article. The annual cap shall be $13,500. If all tuition reimbursement claims exceed the cap set forth above, all claims shall be prorated. For example, if the cap set forth will cover 95% of all claims, all individual claims will be reimbursed at 95% of the claim amount. b. The Board shall make all tuition reimbursement payments before the end of July following when the course was successfully completed under the terms of this Article.
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Maximum Cap. The City shall reimburse the Homeowner up to a maximum of $1,000 towards the “rebate-eligible costs” (Exhibit B”) that the Homeowner incurs to construct the Water Quality Device on the Property.
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Related to Maximum Cap

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Maximum Charges In no event whatsoever shall interest and other charges charged hereunder exceed the highest rate permissible under law. In the event interest and other charges as computed hereunder would otherwise exceed the highest rate permitted under law, such excess amount shall be first applied to any unpaid principal balance owed by Borrowers, and if the then remaining excess amount is greater than the previously unpaid principal balance, Lenders shall promptly refund such excess amount to Borrowers and the provisions hereof shall be deemed amended to provide for such permissible rate.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Maximum Commitment The maximum aggregate amount payable by NYSERDA to the Contractor shall be the amount appearing at Item 5 of page one of this Agreement. NYSERDA shall not be liable for any costs or expenses in excess of such amount incurred by the Contractor in the performance and completion of the Work.