DISCOUNTED AMOUNT Clause Samples
The 'DISCOUNTED AMOUNT' clause defines the terms under which a party is entitled to pay less than the full amount originally owed, typically as an incentive for early payment or as part of a negotiated settlement. In practice, this clause specifies the conditions that must be met to qualify for the discount, such as payment within a certain timeframe or fulfillment of specific obligations. Its core function is to encourage prompt payment or resolve outstanding debts efficiently by offering a financial benefit, thereby reducing the risk of late payments or prolonged disputes.
DISCOUNTED AMOUNT. In consideration of the Debtor’s faith to repay the Current Balance, the Creditor agrees to: (check one) ☐ – NOT Offer a Discounted Amount. The Debtor is obligated to pay the full Current Balance (“Amount Owed”). ☐ –
DISCOUNTED AMOUNT. If under this Agreement any Borrower is required, in relation to any ▇▇▇▇, to comply with its obligations under Clause 8.4 (Payment of Bills) before the Maturity Date of that ▇▇▇▇ by reason of Clause 16.1 (Illegality), then the amount (the "Discounted Amount") payable by that Borrower will be such amount (calculated by the Agent) as would be necessary to ensure that the relevant Bank would receive, on the Maturity Date of that ▇▇▇▇, the face amount of the ▇▇▇▇ assuming that the amount received were deposited on the Business Day of receipt of that amount by 12 noon from (and including) that date up to (but excluding) the original Maturity Date accruing interest at the rate at which that Bank bids for Sterling deposits for that period from prime banks in the London interbank market at or about 10.00 a.m. on the date of receipt.
DISCOUNTED AMOUNT. If Maker fails to make any scheduled monthly payment set forth on Schedule 1, and fails to cure within ten (10) days, an additional amount will become payable (the “Discounted Amount”), the amount of which is to be calculated in accordance with the formula set out in the Stipulation and Agreed Order Amending the Settlement Agreement with the Maker pursuant to bankruptcy rule 9019 dated on or about the date of this Note. If the Discounted Amount becomes due, it shall be payable on a pro rata basis over the course of the remaining monthly payments.
DISCOUNTED AMOUNT. The Discounted Amount (“DA”) shall be an amount equal to the net present value of the [Financial Charges] calculated on the basis of the assumptions set out in Paragraph 2.2. The DA is intended to compensate Seller for revenues which would have been paid to Seller in respect of the Facility over the expected duration of this Agreement.
DISCOUNTED AMOUNT. In consideration of the Debtor’s faith to repay the Current Balance, the Creditor agrees to: Please choose the best option:
DISCOUNTED AMOUNT. In consideration of the Debtor’s faith to repay the Current Balance, the Creditor agrees to: (check one) ☐ – NOT Offer a Discounted Amount. The Debtor is obligated to pay the full Current Balance (“Amount Owed”). ☐ – Offer a Discounted Amount. The Creditor shall offer a discounted balance of $[AMOUNT] (“Amount Owed”) if the Debtor is able to repay the Creditor under the terms of this Agreement. If the Debtor should violate any of the terms of this Agreement, the Debtor shall revert to owing the Creditor the Current Balance in addition to other penalties, fees, and accumulated interest. V.