Discounting Charge Clause Samples
A Discounting Charge clause defines the terms under which a party may apply a financial discount to amounts due, typically to account for early payment or the time value of money. In practice, this clause specifies the rate or method used to calculate the discount, the circumstances under which it applies, and any limitations or conditions, such as payment within a certain period. Its core function is to incentivize prompt payment or to fairly adjust financial obligations to reflect the timing of payments, thereby ensuring equitable treatment of both parties in financial transactions.
Discounting Charge. 10.1 The Discounting Charge will be debited daily to the Memorandum Discounting Statement.
10.2 Prepayments will be debited to the Memorandum Discounting Statement on the banking day on which the Client requests a Prepayment. RBSIF will credit the value of any Remittance to the Memorandum Discounting Statement:
Discounting Charge. You will pay Us the discounting charge at the rate specified in Schedule 2.
Discounting Charge. The Client will pay the Discounting Charge on the outstanding balance of the Memorandum Discounting Statement. The Discounting Charge for each Approved Currency is the Applicable Rate [22plus/minus] the Discount Margin. The Discounting Charge will be calculated and debited daily to the Memorandum Discounting Statement. If the Memorandum Discounting Statement is in Euro or Sterling, the Discounting Charge will be calculated on a year of 365 days and if in any other Approved Currency, on a year of 360 days or as otherwise advised by the Bank. Applicable Rate: 23[for Euro, the [24Bank's Cost of Funds Rate/25EURIBOR Rate/26AA1 Rate]from time to time.] 27[for Sterling, the Bank of England Base Rate from time to time.] 28[for United States Dollars, the US Dollar FED Target Range Mid-Rate from time to time.] for all other Approved Currencies, such rate as the Bank advises the Client from time to time. where the Applicable Rate is below zero, it will be deemed to be zero. 29[For Euro: [30by using the Facility, the Client acknowledges and agrees the following:
Discounting Charge. The Initial Client shall be obliged to pay a Discounting Charge calculated in accordance with Clause 6.3 below on the Funding Amount from time to time at the rate determined by LND to be the Discounting Rate.
Discounting Charge. The charge for RBSIF making Prepayments to the Client which is deducted from the purchase price of Debts, and calculated daily by applying the Discount Margin plus the Applicable Rate to the balance on the Memorandum Discounting Statement.
Discounting Charge. 23 6.3 Calculation and Payment of Remuneration................ 23 6.4
Discounting Charge. The Initial Client shall on the last Business Day of each calendar month pay a Discounting Charge on the Funding Amount from time to time at the Discounting Rate.