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

• 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 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”).

• 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 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.

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);