Fixed Discount definition
Fixed Discount means the percentage difference at the Commencement Date between the price submitted by the Supplier for a particular Good or Service and the benchmarked price quoted for the same Good or Service by IDC Smartindex.
Fixed Discount as defined in Section 2.25(a).
Fixed Discount means a discount of one percent (1.0%) of the Gross Amount of such accounts. "Variable Discount" means a discount computed on the Initial Payment and accruing on the basis of actual days elapsed from the date of Initial Payment until and including five business days after KBK receives and deposits the proceeds of collection of such account at a per annum rate equal to KBK's Base Rate (as hereinafter defined) in effect on the date of purchase of such account plus two percent (2.0%) per annum; provided, however, in no event shall the Variable Discount with respect to any account purchased hereunder be less than seven percent (7.0%) per annum. "Base Rate" means that per annum variable rate (expressed as a per annum percentage based on a year consisting of 360 days) determined from time to time by KBK without notice to Seller as KBK's Base Rate for purposes of calculating variable discounts under KBK's account transfer agreements. The Fixed Discount and the Variable Discount shall be collectively referred to herein as the "KBK Discounts". The KBK Discounts may be subject to one or more adjustments during the term of this Agreement if a Performance Based Pricing Addendum is attached hereto. If a Performance Based Pricing Addendum is attached hereto, it is then made a part hereof as though fully written herein.
Examples of Fixed Discount in a sentence
The Fixed Discount and the Variable Discount shall be collectively referred to herein as the "KBK Discounts".
Fixed Discount" means a discount of seventy-five hundredths percent (.75%) of the Gross Amount of such account.
Notwithstanding the foregoing, the minimum Fixed Discount on each account purchased hereunder shall be $15.00.
Fixed Discount" means a discount of TWO -------------------------------- PERCENT (2.0%) of the Gross amount of such account.
The Fixed Discount shall be payable on the Accrual Termination Date, unless the Factored Receivable is declared by GCBC to be an Ineligible Receivable.
More Definitions of Fixed Discount
Fixed Discount means a discount of seventy-five hundredths percent (.75%) of the Gross Amount of such account. "Variable Discount" means a discount computed on the Initial Payment and accruing on the basis of actual days elapsed from the date of Initial Payment until and including three business days after KBK receives and deposits the proceeds of collection of such account at a per annum rate equal to KBK's Base Rate (as hereinafter defined) in effect on the date of purchase of such account plus one and one-half percent (1.5%) per annum; provided, however, in no event shall the Variable Discount with respect to any account purchased hereunder be less than seven percent (7.0%) per annum. "Base Rate" means that per annum variable rate (expressed as a per annum percentage based on a year consisting of 360 days) determined from time to time by KBK without notice to Seller as KBK's Base Rate for purposes of calculating variable discounts under KBK's account transfer agreements. The Fixed Discount and the Variable Discount shall be collectively referred to herein as the "KBK Discounts". The KBK Discounts may be subject to one or more adjustments during the term of this Agreement if a Performance Based Pricing Addendum is attached hereto. If a Performance Based Pricing Addendum is attached hereto, it is then made a part hereof as though fully written herein."
Fixed Discount for each Factored Receivable, the Gross Amount of the Factored Receivable times the applicable Fixed Discount Percentage.
Fixed Discount means a discount of one percent (1.00%) of the Gross Amount of such account.
Fixed Discount means a discount of 0.35% of the Net Amount of such account. WFBC's "Variable Discount" means a discount computed on the Initial Payment from the date of payment of the Initial Payment to the date of receipt by WFBC of the proceeds of collection of such account at a per annum rate equal to WFBC's Prime Rate in effect on the date of purchase of such account plus one percent (1.00%) per annum. WFBC's "Prime Rate" shall mean the highest of the Prime Rate published by Wells Fargo Bank, N.A. as the base rate on corporate loans. In ▇▇▇ ▇vent the Prime Rate as published by Wells Fargo Bank, N.A. ceases to exist or Wells Fargo Bank, ▇.▇. ceases publishing a Prime Rate, the hol▇▇▇ ▇ereof will substitute a comparable index which is outside the control of the holder. In the event of an error by Wells Fargo Bank, N.A., the "Prime Rate" will be based upon ▇▇▇ Prime Rate as corrected. Any increase or decrease in the Prime Rate shall be effective as of the next business day following such adjustment and such adjusted Prime Rate shall be the applicable Prime Rate in determining the rate of interest payable hereunder. A MINIMUM MONTHLY DISCOUNT FEE OF $3,500.00 (THREE THOUSAND FIVE HUNDRED DOLLARS) WILL BE CHARGED TO THE SELLER FOR THE DURATION OF THE AGREEMENT. IF THE AGREEMENT IS TERMINATED PRIOR TO THE EXPIRATION FOR ANY REASON, THE MINIMUM MONTHLY DISCOUNT FEE WILL BE ASSESSED TO THE SELLER FOR THE REMAINDER OF THE CONTRACT, NOT TO EXCEED A TOTAL OF $42,000.00 (FORTY TWO THOUSAND DOLLARS).
Fixed Discount means a discount of one-half of one percent (0.5%) of the Gross Amount of such account; provided, that with respect to accounts that remain outstanding for more than ninety (90) days after the invoice date thereof, "Fixed Discount" shall mean a discount of one percent (1.0%) of the Gross Amount of such accounts. "Variable Discount" means a discount computed on the Initial Payment and accruing on the basis of actual days elapsed from the date of Initial Payment until and including five business days after KBK receives and deposits the proceeds of collection of such account at a per annum rate equal to KBK's Base Rate (as hereinafter defined) in effect on the date of purchase of such account plus two percent (2.0%) per annum; provided, however, in no event shall the Variable Discount with respect to any account purchased hereunder be less than seven percent (7.0%) per annum. "Base Rate" means that per annum variable rate (expressed as a per annum percentage based on a year consisting of 360 days) determined from time to time by KBK without notice to Seller as KBK's Base Rate for purposes of calculating variable discounts under KBK's account transfer agreements. The Fixed Discount and the Variable Discount shall be collectively referred to herein as the "KBK Discounts". The KBK Discounts may be subject to one or more adjustments during the term of this Agreement if a Performance Based Pricing Addendum is attached hereto. If a Performance Based Pricing Addendum is attached hereto, it is then made a part hereof as though fully written herein.
Fixed Discount means a discount computed on the Gross Amount of an account based on the actual days elapsed from the date of the Initial Payment for such account until up to three business days after the proceeds of collection for such account are received and deposited by MCF, based upon the following schedule: 1-60 2.50 % 61-75 3.0 % 76 and over 3.50 %
Fixed Discount. A Fixed Discount shall mean a percentage of the Gross Amount of each of the Accounts assigned to MCF pursuant to this Agreement. The discount is computed on the Gross Amount of an Account based on the actual days elapsed from the date of the Initial Payment for the Account until after the proceeds of collection for the Account are received and deposited by MCF. The percentages for this Agreement of the Fixed Discounts are set forth on Schedule A.