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. 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”). Table A [*] [*] Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. For each Adjustment Date, beginning with January 1, 2005, the Current LIBOR to be used is as follows: Adjustment Date Adjustment LIBOR Rate 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
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Examples of Discount Fees in a sentence

  • 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.

  • Commencing on January 31, 2004 and annually thereafter, the Discount Rate will be subject to change by Bank on an annual basis in accordance with the matrix set forth below and Bank shall apply the corresponding Discount Rate to future Discount Fees applied by Bank until the next adjustment is made.

  • 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.

  • In such case, the Merchant Discount Fees will be an amount equal to the product of (a) the applicable Merchant Discount Rate, and (b) the amount of the charge subject to the applicable credit-based promotion.

  • Company will pay to Bank the Merchant Discount Fees applicable to each submission to Bank of Charge Transaction Data which includes a PLCC Purchase or a Co-Brand Purchase to which a Merchant Discount Rate applies.

  • If you elect to terminate this Agreement pursuant to Subparagraph 8.2.1 and the effective date of termination is other than the last day of the initial period or any renewal period, as the case may be, you will pay to us on or before the termination date an exit fee equal to the Discount Fees we would have earned each month on the Guaranteed Monthly Volume (assuming collection within 30 days) multiplied by the number of months remaining in the Term, duly prorated as necessary for any partial months.

  • If you elect to terminate this Agreement pursuant to Subparagraph 8.2.1 and the effective date of termination is other than the last day of the initial term or any renewal term, as the case may be, you will pay to us on or before the termination date an exit fee equal to the Discount Fees we would have earned each month on the Guaranteed Monthly Volume (assuming collection within 30 days) multiplied by the number of months remaining in the term, duly prorated as necessary for any partial months.

  • Merchant acknowledges that the sum of Base Discount Fees, Incremental Discount Fees, Transaction Fees and ACH fees for each Merchant location is subject to a Minimum Monthly Billing, initially identified in Addendum A attached hereto and incorporated herein, during each billing cycle.


More Definitions of Discount Fees

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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Related to Discount Fees

  • Upfront Fees shall have the meaning assigned to such term in Section 2.05.

  • 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%.

  • 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.

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

  • Moody’s Discount Factor means, for purposes of determining the Discounted Value of any Moody’s 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 Moody’s Exposure Period, in accordance with the table set forth below: Exposure Period Aaa* Aa* A* Baa* Other** (V)MIG-1*** SP-1+**** Unrated***** 7 weeks 151% 159% 166% 173% 187% 136% 148% 225% 8 weeks or less but greater than seven weeks. 154 161 168 176 190 137 149 231 9 weeks or less but greater than eight weeks 158 163 170 177 192 138 150 240 * Mxxxx’x rating. ** Municipal Obligations not rated by Moody’s but rated BBB by S&P. *** Municipal Obligations rated MIG-1 or VMIG-1, which do not mature or have a demand feature at par exercisable in 30 days and which do not have a long-term rating. **** Municipal Obligations not rated by Moody’s but rated SP-1+ by S&P, which do not mature or have a demand feature at par exercisable in 30 days and which do not have a long-term rating. ***** Municipal Obligations rated less than Baa3 or not rated by Moody’s and less than BBB or not rated by S&P, not to exceed 10% of Moody’s Eligible Assets. Notwithstanding the foregoing, (i) except as provided in clause (ii) below, the Moody’s Discount Factor for short-term Municipal Obligations will be 115%, so long as such Municipal Obligations are rated at least MIG-1, VMIG-l or P-1 by Moody’s and mature or have a demand feature at par exercisable in 30 days or less, or 125%, as long as such Municipal Obligations are rated at least A-1+/AA or SP-1+/AA by S&P and mature or have a demand feature at par exercisable in 30 days or less, (ii) the Moody’s Discount Factor for residual interest municipal bonds and structured notes shall be the product of (x) the percentage determined by reference to the rating on the security underlying such residual interest municipal bond multiplied by (y) 1.25 (provided that the trust in which such residual interest municipal bond is held may be terminated within five business days), and (iii) except as provided in clause (ii) above, no Moody’s Discount Factor will be applied to cash, Receivables for Municipal Obligations Sold, or futures, options and similar instruments (to the extent such securities are Moody’s Eligible Assets); provided, however, that for purposes of determining the Moody’s Discount Factor applicable to a Municipal Obligation, any Municipal Obligation (excluding any short-term Municipal Obligation) not rated by Moody’s but rated by S&P shall be deemed to have a Mxxxx’x rating which is one full rating category lower than its S&P rating.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;