Discount Factor. For the periods indicated, the “Discount Factor” shall mean and be as follows: from the Execution Date through the first anniversary of the Trigger Date (as defined below) ** from the first anniversary of the Trigger Date through the second anniversary of the Trigger Date ** from the second anniversary of the Trigger Date through the third anniversary of the Trigger Date **
Discount Factor. The "Discount Factor" for a related Undivided Interest at any time in a Yield Period means an amount determined as follows: DF = ED + ROD where: DF = the Discount Factor of such Undivided Interest at such time; ED = Earned Discount of such Undivided Interest accrued and unpaid at such time, as determined pursuant to Part I.B; ROD = Run Off Discount of such Undivided Interest at such time, as determined pursuant to Part I.D.
Discount Factor. With respect to each Finance Lease, the higher of (i) the implicit interest rate applicable to such Finance Lease, as such interest rate is determined by the Borrower in accordance with GAAP applied on a consistent basis, and (ii) the Lenders’ cost of funds (or, if such Finance Lease is the subject of an Interest Rate Hedging Agreement, the fixed rate payable under such agreement) in relation to such Finance Lease plus 100 basis points (1.00%).
Discount Factor. The "Discount Factor" at any time in a Settlement Period means an amount determined as follows: DF = ED + ROD where: DF = the Discount Factor at such time; ED = Earned Discount for all Purchasers accrued and unpaid at such time, as determined pursuant to Part I.B; ROD = Run Off Discount at such time, as determined pursuant to Part I.D.
Discount Factor. Sub- Part Term Page No. ---- ---- -------- A. Discount Factor.............................. B-2 B. Earned Discount.............................. B-3 C. Negative Spread Fee.......................... B-3 D. Run Off Discount............................. B-3 E. Rate Definitions............................. B-4 Alternate Reference Rate................. B-4 Applicable Eurodollar Spread............. B-5 Bank Rate................................ B-5 Commercial Paper Rate.................... B-5 Domestic CD Rate......................... B-6 Assessment Rate.......................... B-6 Reserve Requirement...................... B-7 Eurodollar Rate (Reserve Adjusted)....... B-6 Purchaser Rate........................... B-6 F. Rate Variance Factor......................... B-7 113 PART II LOSS RESERVE; DILUTION RESERVE PART III SERVICER'S FEE RESERVE
A. PART IV ADJUSTED AVERAGE MATURITY PART I DISCOUNT FACTOR
Discount Factor. On each Residual Payment Date, Buyer shall, or shall cause to, deduct from any Collections an amount equal to .35% (the “Discount Factor Rate”) of the Face Amount of each Purchased Receivable for which the Residual Purchase Price, if any, is paid on such Residual Payment Date (the “Discount Factor”). At all times throughout the term of this Agreement, as set forth in Section 10.10 hereof, Buyer shall have the right to adjust the Discount Factor Rate in its sole discretion as Buyer may deem necessary to account for changes in the Buyer’s cost of funds or based on Buyer’s collection experience on all invoices purchased from Seller; provided, however, that the Discount Factor Rate may only be adjusted as of the first day of each calendar month. Buyer shall provide Seller with thirty (30) days prior written notice of any such change.
Discount Factor. The "DISCOUNT FACTOR" for a related Undivided Interest at any time in a Yield Period means an amount determined as follows: DF = ED + ROD WHERE: DF = the Discount Factor of such Undivided Interest at such time; ED = Earned Discount of such Undivided Interest accrued and unpaid at such time, as determined pursuant to PART I.B; ROD = Run Off Discount of such Undivided Interest at such time, as determined pursuant to PART I.D.
Discount Factor. On each Residual Payment Date, Buyer shall, or shall cause RCA to, deduct from any Collections an amount equal to the percent, as shown on Exhibit A Rate Schedule, or as otherwise agreed to between Seller and Buyer, (the "Discount Factor Rate"), of the Face Amount of each Purchased Receivable for which the Residual Purchase Price, if any, is paid on such Residual Payment Date (the "Discount Factor"). At all times throughout the term of this Agreement, as set forth in Section 10.10 hereof, Buyer shall have the right to adjust the Discount Factor Rate in its sole discretion as Buyer may deem necessary to account for adjustments in the purchase prices of Receivables hereunder; provided, however, that the Discount Factor Rate may only be adjusted as of the first day of each calendar month upon prior written notice provided to Seller. In this instance the new Discount Factor Rate shall apply to Eligible Receivables purchased after the effective date of such Discount Factor Rate adjustment.
Discount Factor. The "Discount Factor" for a related Undivided Interest at any time in a Yield Period means an amount determined as follows:
Discount Factor. AAA % AA % A % BBB % BB % Not rated or below BB % Investment grade Dividends Received Deduction ("DRD") % Not rated or below investment grade DRD %
(1) If a security is not rated by Fitch but is rated by two other Rating Agencies, then the lower of the ratings on the security from the two other Rating Agencies will be used to determine the Fitch Discount Factor (e.g., where the S&P rating is A and the Xxxxx'x rating is Baa, a Fitch rating of BBB will be used). If a security is not rated by Fitch but is rated by only one other Rating Agency, then the rating on the security from the other Rating Agency will be used to determine the Fitch Discount Factor (e.g., where the only rating on a security is an S&P rating of AAA, a Fitch rating of AAA will be used, and where the only rating on a security is a Xxxxx'x rating of Ba, a Fitch rating of BB will be used). If a security is either not rated by any Rating Agency or is rated below BB, the Trust will use the percent set forth under "Not rated or below BB" in the table above.
