You have to understand that the voltage the panels are producing can vary by large amounts over the course of a day. I've seen the Vmp vary from 89V to 124V from my arrays with clear sunny weather over the course of the day, and depending on the load applied.
The 110V value is the "working" limit, with a built-in safety factor to account for load and temperature changes. The 145V limit is the drop-dead limit when exceeded the electronics go poof and make pretty fireworks!
The Voc is the highest voltage that the panels can produce under open circuit conditions. That typically happens every single time the controller senses the battery is fully charged and stops current flowing to the batteries. When the controller switches back on, the electronics are exposed that Voc until the load drops it down to Vmp.
BTW, the voltage limit does limit the maximal power coming in, but that is compensated for by adding parallel strings of more panels. With each string bringing in only 8amps, at say 112V, you get more power by adding more parallel strings, up to 80amps.