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 TWO percent (2.0%) of the Net 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 five business days after KBK receives, in collected and immediately available funds, receipt of the proceeds of collection of such account at a per annum rate equal to KBK's Base Rate 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 (7.0%) per annum. "Base Rate" means that per annum variable rate (expressed as a per annum percentage based on a 360 day year) determined from time to time by KBK without notice to its Seller as KBK's base rate for purposes of calculating variable discounts under KBK's Account Transfer Agreement. The Fixed Discount and the Variable Discount (herein collectively referred to as 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 an 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".
D%: The applicable Fixed Discount Percentages described in Section 8.0 applied to the total billing calculated at the rates of customers under the Company’s low-income tariffs (R-2 and R-4).
In some cases unit costs (along with the Tracked Fixed Discount for Option 3) will have to be entered (indicated by “ME” on Table 3) and in other cases a calculation will need to be carried out as indicated.
As part of any submission under Pricing Option 3, the “Tracked Fixed Discount against Regulated Prices” must also be provided.
In such a case, the Fixed Discount is payable on the Repurchase Due Date.
More Definitions of Fixed Discount
Fixed Discount means a discount of six-tenths of one percent (0.60%) 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 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 six and 75/100 percent (6.75%) 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. In the event the Base Rate hereunder exceeds the "Prime Rate" published in The Wall Street Journal by more than 25 basis points for more than 30 consecutive days, then Seller may terminate this Agreement prior to the end of the Term without being required to pay a Termination Fee.
Fixed Discount means a discount of TWO -------------------------------- PERCENT (2.0%) 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 (3) 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. Notwithstanding the foregoing, the minimum KBK Discount on each account purchased hereunder shall be $10.00.
Fixed Discount means a discount of three-quarters of one percent (0.75%) of the Gross Amount of such account. Notwithstanding the foregoing, the minimum Fixed Discount on each account purchased hereunder shall be $15.00. “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 and until and including three business days after MCF received and deposits the proceeds of collection of such account at a per annum rate equal to (based on a year consisting of 360 days) equal to the Prime 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. The term “Prime Rate” means the rate of interest quoted in the "Money Rates" section of The Wall Street Journal from time to time and designated as the "Prime Rate." If such prime rate, as so quoted is split between two or more different interest rates, then the Prime Rate shall be the highest of such interest rates. If such prime rate shall cease to be published or is published infrequently or sporadically, then the Prime Rate shall be the rate of interest per annum established from time to time by Meridian Bank, N.A. (the “Bank”) and designated as its base or prime rate, which may not necessarily be the lowest interest rate charged by the Bank and is set by the Bank in its sole discretion. Upon the occurrence of any change in the Prime Rate, MCF shall have up to five business days to effect a change in the Prime Rate for purposes of determining the Variable Discount. The Fixed Discount and the Variable Discount shall be collectively
Fixed Discount. Means an amount equal to one and twenty-five hundredths percent (1.25%) of the Gross Amount or Net Amount of a Purchased Receivable, as applicable, used to determine the Initial Payment with respect to such Purchased Receivable, which Fixed Discount shall apply to the Purchased Receivable during the Fixed Discount Period.
Fixed Discount means a discount of 1.02% of the Net Amount of such account for accounts paid within 1 day and an additional 0.0349% of the Net Amount of such account for each additional 1 day period that an account remains unpaid thereafter.
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 for each Factored Receivable, the Gross Amount of the Factored Receivable times the applicable Fixed Discount Percentage.