Daily Discount Rate definition

Daily Discount Rate means an amount calculated in accordance with (as applicable) Condition 34.35 or paragraph 3.29 of Part F of Annex 7 (FMS arrangements, Sustainability Criteria, RQM Calculation Methodology and ACT Efficiency);

Daily Discount Rate means an amount calculated in accordance with Condition 34.35;

Daily Discount Rate means the discount rate calculated in accordance with the following formula: Daily Discount Rate = (1 + Rs)1/365 - 1 where: Rs is the Compensation Calculation Discount Rate;

Examples of Daily Discount Rate in a sentence

• The Flat Discount shall be calculated by applying the Daily Discount Rate for each day between the Flat Discount Date and the Net Date.

• If the Daily Discount Rate is adjusted, the adjusted Daily Discount Rate shall be applied to all invoices posted for payment after the adjustment date.

• The Daily Discount Rate is based in part on the 3 Month Libor Rate (defined below) in effect on the last business day of the month preceding the day when the first early payment discount is taken to settle an invoice (the “Base Libor Rate”).

• If the 3 Month Libor Rate in effect on the last business day of any month (the “Current Libor Rate”) differs from the Base Libor Rate, the Daily Discount Rate may be adjusted on the last business day of such month by 0.00003% for each basis point difference between the Current Libor Rate and the Base Libor Rate on the adjustment date.

• The Daily Discount Rate is based in part on the 3 Month Term SOFR Rate (defined below) published on the last business day of the month preceding the day when the first early payment discount is taken to settle an invoice (the “Base Term SOFR Rate”).

• If the 3 Month Term SOFR Rate published on the last business day of any month (the “Current Term SOFR Rate”) differs from the Base Term SOFR Rate, the Daily Discount Rate may be adjusted on the last business day of such month by 0.00003% for each basis point difference between the Current Term SOFR Rate and the Base Term SOFR Rate on the adjustment date.

• The Daily Discount Rate is based on a “Prime Rate” (defined below) of […***…] (the “Base Prime Rate”).

• For example, if the Prime Rate exceeds the Base Prime Rate by 0.25%, on the last day of the month, the Daily Discount Rate for the following month will increase by 0.0007%.

• If the Daily Discount Rate is adjusted on the last business day of the month as set forth above, then such adjusted Daily Discount Rate will be applicable to all invoices posted for payment during the following month.

• If the Prime Rate in effect on the last business day of any month exceeds the Base Prime Rate, the Daily Discount rate will be adjusted upward or downward on the last business day of each month by 0.0007% for each twenty-five (25) basis point fluctuation between the Prime Rate and the Base Prime Rate on such date; provided, however, that if the Prime Rate ever falls below the Base Prime Rate, then the Daily Discount Rate will never fall below 0.0333%.

More Definitions of Daily Discount Rate

Daily Discount Rate has the meaning given to that term in Condition 27.34 (QCiL Operations Cessation Event Payment);

Daily Discount Rate means an amount calculated in accordance with (as applicable) Condition 34.3534.3534.35 or paragraph 3.293.293.29 of Part FPart FPart F of Annex 7Annex 7Annex 7 (FMS arrangements, Sustainability Criteria, RQM Calculation Methodology and ACT Efficiency);