Discount Margin definition

Discount Margin means the margin relative to the base index rate such that the present value cash flow equals the price of the Reference Obligation plus accrued interest calculated on the basis of the price, coupon, expected maturity and expected amortisation profile as determined by the Swap Counterparty and agreed by the Investment Manager on the Portfolio Effective Date or the date of each Completed Trade in respect of any Removed Reference Obligation;

Discount Margin means the Term SOFR (hereinafter, the “Benchmark Rate”) plus the Credit Spread: provided that if the Benchmark Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purpose of this Agreement.

Discount Margin means, for each Account Debtor, the rate per annum set forth in the Fee Letter.

Examples of Discount Margin in a sentence

• However, for Euro ledgers at AA1 it may be minus the Discount Margin & with the other Rates being plus.

• The Discount Margin Term will commence from the earlier of the initial Drawdown date or the date of availability of the Facility Limit.

• If a Discount Margin Term applies to a Facility, we agree that we will not alter the Discount Margin applicable to the Facility during that Discount Margin Term.

• Subject to clause 3.5, we may alter the Discount Margin at any time and from time to time upon giving written notice to you, which shall be effective immediately from the date specified in such notice, other than where a Discount Margin Term is specified, in which case an alteration in the Discount Margin will not be effective until the expiry of the Discount Margin Term.

• For the avoidance of doubt, a Discount Margin Term will expire if an Interest Rate Switch is agreed to in accordance with clause 8.1.

More Definitions of Discount Margin

Discount Margin means the discount margin determined by the Administrative Agent as of the date on which the applicable Eligible Collateral Asset is acquired by the Borrower, in reference to the rate on the Bloomberg Yield and Spread Analysis Page and based on a maturity equal to three years.

Discount Margin. With respect an Eligible Loan included in the Collateral, the discount margin determined by the Administrative Agent as of the acquisition date for such Eligible Loan, in reference to the rate on the Bloomberg Yield and Spread Analysis Page and based on a maturity equal to three years; provided that a Loan for which no such rate is published on the Bloomberg Yield and Spread Analysis Page on the acquisition date thereof shall be deemed to have a Discount Margin of greater than 1350 unless otherwise agreed between the Administrative Agent and the Collateral Manager and therefore will not be an Eligible Loan.

Discount Margin means, in respect of a Facility, the discount margin (if any) applicable to that Facility, as specified in the Facility Schedule and is subject to change by us in our absolute discretion at any time and from time to time;

Discount Margin. With respect to any Purchased Receivable of an Account Debtor, the discount cost applied by Buyer to such Purchased Receivable purchased on a Purchase Date (expressed as an amount in dollars), equal to (i) LIBOR (determined as of the Purchase Date for such Purchased Receivables) plus the Credit Spread applicable to such Account Debtor at such time (the “Discount Rate”), multiplied by (ii) the Aggregate Net Invoice Amount of such Purchased Receivable, and multiplied by (iii) the Discount Period divided by 360.

Discount Margin means shall mean, for any Purchased Receivable, a U.S. dollar amount equal to the product of (a) the Discount Rate with respect to the applicable Account Debtor, and (b) (i) 90% of the Net Invoice Amount of such Purchased Base Receivable, or (ii) 100% of the Net Invoice Amount of such Purchased DLA Receivable, and further multiplied by (c) the Discount Period divided by 360.

Discount Margin. A rate equal LIBOR plus 1.30% per annum.

Discount Margin. The discount cost applied by Buyer to Purchased Receivables purchased on a Purchase Date, equal to (a) for any approved Account Debtor set forth in Schedule II herein as of the date hereof, (i) [***] per annum if the payment cycle is less than 75 days or (ii) [***] if the payment cycle is 75 days or more, calculated on the basis of the Adjusted Invoice Amount of such Purchased Receivables for the number of days between the date of discounting and 45 days past the Due Date and (b) for any other Account Debtor, as mutually agreed by Buyer and Seller.