Discount Charge definition

Discount Charge means the charge for Prepayments made by Santander.

Discount Charge means the charge referred to in condition 5.3, calculated daily by applying the rate per annum specified in paragraph 8(a) (or such other sum as we may agree with you in writing), and subject to the minimum specified in paragraph 8(b), to the balance standing to the debit of the Client Account (and any accrued Discount Charges or other charges accrued but not yet applied to the Client Account) as at the close of business each day;

Discount Charge. The charge for Prepayments (if any) made by Venture.

Examples of Discount Charge in a sentence

• An approved purpose is for repaying the existing mortgage used to purchase the property and/or home improvements.We shall • Not agree to postpone the Discount Charge on a former Right to Buy or Right to Acquire property unless the borrowing is for an Approved Purpose as defined in section 156 of the Housing Act 1985.

• Freebridge will be asked to agree to postpone the Discount Charge on the property in favour of the new mortgage.The Housing Act 1985 specifies that Freebridge must agree to a postponement if the mortgage/additional borrowing is for an approved purpose.

• Availability Statements shall be accessible via the Link and shall specify (inter alia) your Availability (if any) as at the date of such Availability Statement and the Discount Charge falling due and payable.

• Any amount debited to the Client Account under the Receivables Finance Facility (except in respect of Dilutions or Recourse) will be treated as an Advance Payment and the Discount Charge will be worked out on the amount of the Funds In Use at the end of each day.

• If this Agreement is ended the Discount Charge and the relevant Applicable Interest Rate will continue until all Your Liabilities are cleared.

More Definitions of Discount Charge

Discount Charge for each Discount Offer is defined as the Payment Amount multiplied by the Discount Rate; Discount Charge = Payment Amount x Discount Rate. Where:

Discount Charge means the charge to be calculated as described in Clause 5.3 at a rate specified in the Schedule or such other percentage as we may from time to time agree;

Discount Charge shall have the meaning set forth in Section 3.3.

Discount Charge has the meaning set forth in the Pricing Schedule.

Discount Charge shall have the meaning assigned to such term in Section 2B.03.

Discount Charge the discount charge referred to in clause 8.1 (Discount Charge) of the Receivables Purchase Agreement calculated by reference to the applicable Discount Rate;

Discount Charge as defined in subsection 2.6(d).