Earned Discount definition

Earned Discount means for any Settlement Period:

Earned Discount has the meaning set forth in Appendix B.

Earned Discount. For any Yield Period or CP Tranche Period, as applicable, for any Asset Tranche: PTI x ER x ED ------------- + LF 360 where: PTI = the daily average (calculated at the close of business each day) of the Purchaser's Tranche Investment in such Asset Tranche during such Yield Period or CP Tranche Period, as applicable, ER = the Earned Discount Rate for such Yield Period or CP Tranche Period, ED = the actual number of days elapsed during such Yield Period or CP Tranche Period, and LF = the Liquidation Fee, if any, during such Yield Period or CP Tranche Period.

Examples of Earned Discount in a sentence

• The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding.

• Each Purchaser Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity Fundings made by such Purchaser Agent’s Purchaser Group, divide any Asset Interest into Asset Tranches or combine two or more Asset Tranches into one Asset Tranche.

• All computations of interest, Earned Discount and any fees payable hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) elapsed.

• The purchase price in respect thereof shall be an amount equal to the sum of the Invested Amount, all accrued and unpaid Earned Discount, CP Costs, Broken Funding Costs, fees and other amounts payable to the Investors and the Agents through the date of repurchase, payable in immediately available funds.

• The Seller shall forthwith deliver to the Master Servicer all Deemed Collections, and the Master Servicer shall hold or distribute such Deemed Collections as Earned Discount, CP Costs, accrued Servicing Fee, repayment of the Invested Amount or any Purchaser Group Invested Amount and to other accrued amounts owing hereunder to the same extent as if such Deemed Collections had actually been received on the date of such delivery to the Master Servicer.

More Definitions of Earned Discount

Earned Discount has the meaning set forth in Section 2.05.

Earned Discount for any Undivided Interest for each day in a related Yield Period means an amount determined as follows: ED =PI x PR x 1/360 + NSF (if any); provided, however, that if, pursuant to the definition of "Purchaser Rate" in Part I.E., different Purchaser Rates would apply to different portions of an Undivided Interest, then Earned Discount shall be calculated separately with respect to each such portion, and the Earned Discount shall be the sum of the Earned Discount so calculated for such portions; where: ED = Earned Discount of such Undivided Interest (or such portion) accrued on such day; PI = the Purchaser's Investment of such Undivided Interest (or such portion) on such day, as determined pursuant to Section 2.03; and PR = the Purchaser Rate for such Undivided Interest (or such portion) on such day, as defined in Part I.E. NSF =the Negative Spread Fee for such Undivided Interest (or such portion thereof) on such day, as defined in Part C. No provision of the Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by applicable law. Earned Discount for any Undivided Interest shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason.

Earned Discount means, for any Settlement Period: PTI X ER X ED ------------- 360 WHERE: PTI= the daily average (calculated at the close of business each day) of the Purchaser's Total Investment during such Settlement Period, ER = the Earned Discount Rate for such Settlement Period, ED = the actual number of days elapsed during such Settlement Period, and

Earned Discount. For each day during any Yield Period for any Asset Tranche funded with a Liquidity Funding by any Purchaser Group: IA x ER x ED + LF where: IA = such Purchaser Group’s Purchaser Group Invested Amount in such Asset Tranche on such day during such Yield Period, ER = the applicable Earned Discount Rate for such Yield Period, ED = the actual number of days elapsed during such Yield Period, and LF = the Liquidation Fee, if any, during such Yield Period.

Earned Discount has the meaning set forth in APPENDIX B.

Earned Discount for any Rate Tranche for each day in a Yield Period --------------- applicable to such Rate Tranche means an amount equal to the sum of (a) the product of (i) the Transferee's Tranche Investment of such Rate Tranche on such day, times (ii) the Transferee Rate for such Rate Tranche on such day, times ----- ----- (iii) 1/360, plus (b) the Negative Spread Fee, if any, for such Rate Tranche on ---- such day. No provision of the Agreement shall require the payment or permit the collection of Earned Discount in excess of the maximum permitted by applicable law. Earned Discount for any Rate Tranche shall not be considered paid by any distribution if at any time such distribution is rescinded or must otherwise be returned for any reason.

Earned Discount means, for any Yield Period with respect to any Loan, PTI x ER x ED + LF 360 where: