Discount Facility definition

Discount Facility the credit facility provided by Lender to SPE pursuant to Section 2.
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Discount Facility the credit facility provided by Lender to TSFC pursuant to Section 2.
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Discount Facility the credit facility provided by SBCC to SPE pursuant to Section 4.
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Examples of Discount Facility in a sentence

  • If Lender agrees to make such a Discount Facility Loan, the Lease Amendment shall be considered a "Lease" for all purposes of this Agreement (including, without limitation, Section 5).

  • Lender's rights under this Section 8.4 shall be cumulative and in addition to all other rights to receive payment of the Discount Facility Loans pursuant to this Agreement.

  • If a Lessee voluntarily terminates a Lease before its scheduled expiration, SPE shall prepay the Discount Facility Loan made to finance such Lease on the Loan Repayment Date immediately following such termination.

  • If, at any time, SPE's liability under this Section 8.4 with respect to Leases financed by a Discount Facility Loan shall have been reduced to zero, SPE shall thereafter have no liability under this Section 8.4 with respect to that Discount Facility Loan.

  • A Discount Facility Loan with recourse shall be designated as such by mutual written agreement of Lender and SPE, as the case may be, prior to the Closing Date of such Loans.

  • Lender may revoke any credit approval prior to making the Discount Facility Loan relating to a proposed Lease if, in Lender's judgment, the proposed Lessee or Guarantor suffers a material adverse change in its business or financial condition.

  • SPE shall, on or before the Loan Repayment Date of each month, make payment to Lender of the amount due on each Discount Facility Loan on such date regardless of whether or not any Rent under applicable Leases shall have been collected by SPE.

  • Each Discount Facility Loan shall bear interest at the Discount Facility Rate determined for such Loan and shall be evidenced by a Security Supplement which shall set forth the repayment terms with respect to such Discount Facility Loan in a manner satisfactory to Lender and shall identify the Lease(s) with respect to which such Discount Facility Loan is made.

  • Upon occurrence at any time of any default under such Leases, SPE shall repay the Discount Facility Loan made to finance such Leases on the Loan Repayment Date occurring not more than thirty (30) days after such default.

  • Interest on the Discount Facility Loans shall be computed on the basis of a 360-day year of 12-30 day months.

Related to Discount Facility

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Replacement Facility means 1 of the following:

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Senior Securities.

  • Discount Amount means initially $6,549,982; provided that following any issuance of additional Class C(2020-3) Notes in accordance with Section 2.09, the Discount Amount shall mean the amount specified in the Notice of Additional Issuance.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Moody’s Discount Factor means the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.

  • Discount Mortgage Loan Any Mortgage Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan.

  • Non-Discount Mortgage Loan Any Mortgage Loan with an Adjusted Net Mortgage Rate that is greater than or equal to the Required Coupon.

  • Principal Facility means the real property, fixtures, machinery and equipment relating to any facility owned by the Company or any Subsidiary, except for any facility that, in the opinion of the Board of Directors, is not of material importance to the business conducted by the Company and its Subsidiaries, taken as a whole.

  • Test Facility means any WRAS suitably accredited test laboratory;

  • Discount Obligation Any Collateral Obligation forming part of the Assets which was purchased (as determined without averaging prices of purchases on different dates) for less than (a) 85.0% of its Principal Balance, if such Collateral Obligation has an S&P Rating lower than “B-” or (b) 80.0% of its Principal Balance, if such Collateral Obligation has an S&P Rating of “B-” or higher; provided that such Collateral Obligation shall cease to be a Discount Obligation at such time as the Market Value (expressed as a percentage of the par amount of such Collateral Obligation) determined for such Collateral Obligation on each day during any period of 30 consecutive days since the acquisition by the Issuer of such Collateral Obligation, equals or exceeds 90.0% on each such day.

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Discount Proceeds means, with respect to any B/A, an amount (rounded upward, if necessary, to the nearest Cdn.$.01) calculated by multiplying (a) the face amount of such B/A by (b) the quotient obtained by dividing (i) one by (ii) the sum of (A) one and (B) the product of (x) the Discount Rate (expressed as a decimal) applicable to such B/A and (y) a fraction of which the numerator is the Contract Period applicable to such B/A and the denominator is 365, with such quotient being rounded upward or downward to the fifth decimal place and .000005 being rounded upward.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.

  • Rating Agency Discount Factor means the Fitch Discount Factor (if Fitch is then rating Preferred Shares) or an Other Rating Agency Discount Factor, whichever is applicable.

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • BA Discount Proceeds means in respect of any Bankers' Acceptance being purchased by a Canadian Lender on any day under Section 2.3, an amount (rounded to the nearest whole Canadian cent, and with one-half of one Canadian cent being rounded up) calculated on such day by multiplying: