Discount Fees definition

Discount Fees are fees paid to and earned by Payplant for Purchased Receivables. Discount Fees are computed as follows, with a minimum duration of 30 days. Purchase Date is the date that the Receivable was purchased by Payplant. Payment Date is the date when the Invoice Payment was received by Payplant in Good Funds. E.g. let’s take a sample invoice with Purchase Price of $10,000 and Discount Rate of 1.2% per month.
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Discount Fees shall have the meaning set forth in Schedule 1.1.
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Discount Fees means the product of the Discount Fee Percentage multiplied by the Face Amount of each pool of Purchased Account.
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Examples of Discount Fees in a sentence

  • Merchant agrees that Bank will, and authorizes Bank to, deduct Merchant Discount Fees from the Operating Account or Reserve Account on a daily basis unless a monthly basis is specified on Schedule A.

  • Account profitability is based upon projected Discount Fees (the current fee percentage), finance charge income, variable billing expenses and write-offs.

  • Bank will invoice Company monthly in arrears for all fees or charges other than Discount Fees properly imposed by Bank pursuant to this Agreement.

  • If the Agreement is terminated by AEG because of Seller's default, AEG shall charge Seller a termination fee equal to the number obtained by multiplying (i) the daily average of the sum of all Service Fees, Discount Fees, and other fees and charges charged by AEG to Seller from the effective date of this Agreement to the date of termination by (ii) one hundred and twenty (120).

  • Following such payment and any other amount due and owing the Purchaser under this Agreement, including without limitation any due but unpaid Commitment Fees or Discount Fees, this Agreement shall be deemed terminated.

  • The Swingline Purchaser (whether individually or as Administrator) shall not be obligated to transfer to any Purchaser in such a defaulting Purchaser Group any payments received by it for the benefit of such defaulting Purchaser Group, nor shall the members of such a defaulting Purchaser Group be entitled to the sharing of any payments hereunder (including any Capital, Discount, Fees or other amounts).

  • Notwithstanding a Client Risk Receivable designation, AEG shall be deemed to have purchased the Receivable, shall have the right to collect the Receivable, and shall have the right to charge Service Fees and Discount Fees on the Receivable.

  • Loan Discount Fees not exceeding % of the Loan shall be paid at closing by .

  • Notwithstanding anything to the contrary in Section 4.1(b) of this Indenture Supplement or in the Indenture, Merchant Discount Fees for each Monthly Period equal to the Investor Merchant Fee Amount shall be allocated to the Noteholders of the Series issued pursuant to this Indenture Supplement, and shall be deposited into the Finance Charge Account not later 12:00 noon, New York City time, on the Transfer Date following the related Monthly Period.

  • Xxxxxxxx agrees that MAS will deduct or cause BPPR to deduct Merchant Discount Fees from the Deposit Account or Reserve Account on a daily basis unless a monthly basis is specified on the Addendum.


More Definitions of Discount Fees

Discount Fees. Household shall make certain deferred payment and/or deferred interest credit promotion (“Credit Promotions”) available to Merchant. Each Sales Slip or Card Sale generated pursuant to each credit promotion shall be subject to a Credit Promotion Discount Fee as set forth herein which is a designated percentage of the amount of each Sales Slip or Card Sale accepted and funded by Household. Initially, the Credit Promotion Discount Fees will be the Base Discounts as set forth below in Table A. Thereafter the Credit Promotion Discount Fees will be adjusted on the first day of every calendar quarter (if applicable) beginning on April 1, 2005. Following each applicable Adjustment Date, the applicable Credit Promotion Discount Fee shall be the LIBOR Adjustment plus the Base Discount for the term of each type of Credit Promotion as set forth below. The new Credit Promotion Discount Fees shall be effective as to all Credit Promotion volume accepted and funded by Household beginning on the applicable Adjustment Date. The LIBOR Adjustment shall be equal to the result of an adjuster (the “Adjuster”), as shown in Table A, multiplied by the difference, if any, in the Current LIBOR minus the Base LIBOR (“LIBOR Spread”). For each Adjustment Date, beginning with January 1, 2005, the Current LIBOR to be used is as follows: Apr 1, 2005 Average 1-year LIBOR from February, 2005 July 1, 2005 Average 1-year LIBOR from May, 2005 Oct 1, 2005 Average 1-year LIBOR from August, 2005 Jan 1, 2006 Average 1-year LIBOR from November, 2005 Apr 1, 2006 Average 1-year LIBOR from February, 2006 July 1, 2006 Average 1-year LIBOR from May, 2006 Oct 1, 2006 Average 1-year LIBOR from August, 2006 Jan 1, 2007 Average 1-year LIBOR from November, 2006 Apr 1, 2007 Average 1-year LIBOR from February, 2007 July 1, 2007 Average 1-year LIBOR from May, 2007 Oct 1, 2007 Average 1-year LIBOR from August, 2007
Sample 1

Related to Discount Fees

  • Upfront Fees means, with respect to any Receivable, the sum of any fees charged by Holdings or the Receivables Account Bank, as the case may be, to a Receivables Obligor in connection with the disbursement of a loan, as set forth in the Receivables Agreement related to such Receivable, which are deducted from the initial amount disbursed to such Receivables Obligor, including the “Origination Fee” set forth on the applicable Receivable Agreement.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.

  • Commitment Fees has the meaning set forth in Section 2.11(a).

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Discount Amount means initially $6,549,982; provided that following any issuance of additional Class C(2020-5) Notes in accordance with Section 2.09, the Discount Amount shall mean the amount specified in the Notice of Additional Issuance.

  • Discount Fraction With respect to each Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Discount Net Mortgage Rate. The Discount Fraction with respect to each Discount Mortgage Loan is set forth as an exhibit attached to the Series Supplement.

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Discount Proceeds means, with respect to any B/A, an amount (rounded upward, if necessary, to the nearest Cdn.$.01) calculated by multiplying (a) the face amount of such B/A by (b) the quotient obtained by dividing (i) one by (ii) the sum of (A) one and (B) the product of (x) the Discount Rate (expressed as a decimal) applicable to such B/A and (y) a fraction of which the numerator is the Contract Period applicable to such B/A and the denominator is 365, with such quotient being rounded upward or downward to the fifth decimal place and .000005 being rounded upward.

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:

  • Price Differential Payment Date means, with respect to a Purchased Mortgage Loan, the 5th day of the month following the related Purchase Date and each succeeding 5th day of the month thereafter; provided, that, with respect to such Purchased Mortgage Loan, the final Price Differential Payment Date shall be the related Repurchase Date; and provided, further, that if any such day is not a Business Day, the Price Differential Payment Date shall be the next succeeding Business Day.

  • BA Discount Proceeds means, in respect of any Bankers' Acceptance, an amount calculated on the applicable Drawdown Date which is (rounded to the nearest full cent, with one-half of one cent being rounded up) equal to the face amount of such Bankers' Acceptance multiplied by the price, where the price is calculated by dividing one by the sum of one plus the product of (i) the BA Discount Rate applicable thereto expressed as a decimal fraction multiplied by (ii) a fraction, the numerator of which is the term of such Bankers' Acceptance and the denominator of which is 365, which calculated price will be rounded to the nearest multiple of 0.001%.

  • Discount has the meaning set forth in Section 6.06.

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Preferred Shares.

  • Audit fees means the aggregate fees billed in each of the fiscal years listed for professional services rendered by our principal auditors for the audit of our annual financial statements.

  • Upfront Fee has the meaning specified in Section 2.07 hereof.

  • Agent Fees has the meaning assigned to such term in Section 2.10(c).

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Discount Period means, with respect to any Settlement Date or the Liquidity Termination Date, the period from and including the preceding Settlement Date (or if none, the date that the first Incremental Purchase is made hereunder) to but not including such Settlement Date or Liquidity Termination Date, as applicable.

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Late Fees shall have the meaning set forth in Section 2(d).