Maximum Compounding Clause Samples

The Maximum Compounding clause sets a limit on the amount of interest or returns that can be compounded over a specified period. In practice, this means that even if interest is calculated on a compounding basis, there is a cap on how much can accumulate, regardless of the frequency or rate of compounding. This clause is commonly used in loan agreements or investment contracts to prevent excessive growth of debt or returns due to frequent compounding. Its core function is to protect parties from runaway financial obligations or liabilities by ensuring that compounding does not result in unmanageable or unexpected amounts.
Maximum Compounding. The maximum compounding effect of the application of overtime and penalty payments provided for in this Agreement shall not exceed three (3) times the basic hourly rate.
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Maximum Compounding. The maximum compounding effect of the application of overtime and premiums provided for in this Agreement shall not exceed three (3) times an Employee’s applicable basic hourly rate.
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Related to Maximum Compounding

  • 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.

  • Term and Maximum Compensation 1.4.1. The term of this CONTRACT is for three (3) years, commencing upon Board of Supervisor approval, with a maximum allowable compensation of one million, five hundred thousand dollars ($1,500,000), with the option to renew for two (2) additional years, with Board approval; except as permitted in Paragraph 1.5 below.

  • Guaranteed Maximum Costs The City’s payment obligation to Contractor cannot at any time exceed the amount certified by City’s Controller for the purpose and period stated in such certification. Absent an authorized Emergency per the City Charter or applicable Code, no City representative is authorized to offer or promise, nor is the City required to honor, any offered or promised payments to Contractor under this Agreement in excess of the certified maximum amount without the Controller having first certified the additional promised amount and the Parties having modified this Agreement as provided in Section 11.5, “Modification of this Agreement.”

  • Maximum Compensation There is a maximum compensation for this Agreement and a separate maximum compensation for each Approved Service Order.

  • Maximum Compensatory Time Employees may accumulate no more than one hundred and sixty (160) hours of compensatory time.