Discount Option Date definition

Discount Option Date means each date on which a Discount Percentage designated by the Transferor pursuant to Section 2.12 takes effect.

Discount Option Date has the meaning specified in subsection 2.15(a) hereof.

Discount Option Date means initially, the date of this Agreement and thereafter, each subsequent date on which a Discount Option Percentage designated by the Transferor pursuant to Section 2.16 takes effect.

Examples of Discount Option Date in a sentence

• The Transferor shall also have the option of increasing, reducing or withdrawing the Discount Option Percentage, at any time and from time to time, without notice to or the consent of any Noteholder, on or after such Discount Option Date.

• The aggregate amount of Discount Option Receivables outstanding on any Date of Processing occurring on or after the initial Discount Option Date shall equal (a) the aggregate Discount Option Receivables at the end of the prior Date of Processing, plus (b) any new Discount Option Receivables created on such Date of Processing, minus (c) any Discount Option Receivables Collections received on such Date of Processing.

• The Transferor shall provide to the Servicer, the Owner Trustee, the Indenture Trustee and any Note Rating Agency 30 days prior written notice of the Discount Option Date and any such designation or increase, reduction or withdrawal.

• The Transferors shall also have the option of increasing, reducing or withdrawing the Discount Percentage, at any time and from time to time, on and after such Discount Option Date.

• The Transferor shall also have the option of reducing or withdrawing the Discount Percentage, at any time and from time to time, on and after such Discount Option Date.

More Definitions of Discount Option Date

Discount Option Date means each date on which a Discount Percentage designated by the Seller pursuant to Section 2.10 takes effect.

Discount Option Date means each date on which a Discount Percentage -------------------- designated by the Seller pursuant to Section 2.8 of the Transfer and Servicing ----------- Agreement takes effect.

Discount Option Date shall have the meaning specified in Section 2.12.

Discount Option Date has the meaning specified in the Transfer and Servicing Agreement.

Discount Option Date has the meaning specified in subsection 2.08(a). * VISA, Mastercard, and American Express are registered trademarks of VISA International Service Association, Mastercard International Incorporated, and American Express Company, respectively.

Discount Option Date has the meaning specified in subsection 2.15(a) hereof. “Discount Receivables” means, the Gross Principal Receivables so designated as such pursuant to the designation formula as described in subsection 2.15(a). The aggregate amount of Discount Receivables outstanding on any Date of Processing occurring on or after the Discount Option Date, shall equal the sum of (a) the aggregate Discount Receivables at the end of the prior Date of Processing (which amount, prior to the Discount Option Date, shall be zero) plus (b) any new Discount Receivables created on such Date of Processing minus (c) any Discount Receivables Collections received on such Date of Processing. Discount Receivables created on any Date of Processing shall mean the product of the amount of the Gross Principal Receivables arising in Accounts on such Date of Processing specified in accordance with subsection 2.15(a) and the applicable Yield Factor.

Discount Option Date means each date on which a Discount Option Percentage designated by the Seller pursuant to Section 2.19 takes effect. “Discount Option Percentage” has the meaning specified in subsection 2.19(a). “Discount Option Receivables” has the meaning specified in subsection 2.19(a). “Distribution Date” means the fourth (4th) Business Day of each calendar week. “Dollars” and the sign “$” mean the lawful money of Canada. “Early Amortization Event” means the occurrence of any of the following events: