Funding Discount definition

Funding Discount means, for each day during a Tranche Period, the amount determined pursuant to the following formula: Where:

Funding Discount means [*];

Funding Discount as measured on any Business Day means a percentage determined in accordance with the following formula: FD = (OTD/360) x FR WHERE: FD = the Funding Discount as measured on such Business Day; OTD = the "ORIGINATOR TURNOVER DAYS" for Originator, which shall be equal to the PRODUCT of (x) the QUOTIENT of (i) the aggregate Outstanding Balance of Pool Receivables originated by Originator as of the last day of the calendar month which occurs two months prior to the month in which such Business Day occurs, DIVIDED by (ii) the aggregate amount of the Collections received during the month ending on the last day of the calendar month ended immediately preceding such Business Day on Pool Receivables originated by Originator, MULTIPLIED by (y) the number of days in the month ending on the last day of the most recently ended calendar month; and FR = the Funding Rate as measured on such Business Day, as determined pursuant to PARAGRAPH (d) below, or, in the case of the initial purchase, a Funding Rate equal to 5.85% per annum

Examples of Funding Discount in a sentence

• The purchase by the Servicer of all of the Pool Receivables and the Related Security shall be effective upon the payment by the Servicer to the Trust of an amount equal to the sum of (i) the then outstanding Investment, (ii) the Funding Discount, and (iii) any other fees, costs and expenses incurred by the Trust in connection with this Agreement to the date of or as a result of such purchase, including any interest and other costs required to be paid on outstanding Notes.

• In addition, no unfulfilled Increase shall accrue Funding Discount or be included in the calculation of fees hereunder until funded.

• AOB x (WALD + FD) where: PD = the Purchase Discount as measured on such Payment Date (or the initial purchase date); AOB, in respect of such Originator, has the meaning set forth in Section 1.3; WALD = the Weighted Average Loss Discount as measured on such Payment Date (or the initial purchase date), as determined pursuant to paragraph (b) below; and FD = the Funding Discount as measured on such Payment Date (or the initial purchase date), as determined pursuant to paragraph (c) below.

• FUNDING DISCOUNT" with respect to an Originator, as measured on any Payment Date, means a percentage determined in accordance with the following formula: FD = (AM/360) x FR where: FD = the Funding Discount as measured on such Payment Date; AM = the Average Maturity of the Receivables as of the most recent Month End Date; and FR = the Funding Rate as measured on such Payment Date, as determined pursuant to PARAGRAPH (d) below.

• Incremental New Money Commitment Premium and Discounts The Incremental New Money Commitment Premium, Closing Discount, and Funding Discount.

More Definitions of Funding Discount

Funding Discount as measured on any Payment Date (or the initial purchase date) means a percentage determined in accordance with the following formula: FD = (OTD/360) x FR where: FD = the Funding Discount as measured on such Payment Date (or the initial purchase date); OTD = the "Originator Turnover Days" for such Originator, which shall be equal to the product of (x) the quotient of (i) the aggregate Outstanding Balance of Pool Receivables originated by such Originator during the Purchase Period which occurs two months prior to the month in which such Payment Date (or the initial purchase date for such Originator) occurs, divided by (ii) the aggregate amount of the Collections received during the Purchase Period ending on the Month End Date immediately preceding such Payment Date (or initial purchase date for such Originator) on Pool Receivables originated by such Originator, multiplied by (y) the number of days in the calendar month coinciding with such Purchase Period; and FR = the Funding Rate as measured on such Payment Date, as determined pursuant to paragraph (d) below, or, in the case of the initial purchase, a Funding Rate equal to 4.60% per annum (or such rate as is specified in the Supplement for such Originator).

Funding Discount means (prior to the Effective Date) 5.9 per cent.% and (from the Effective Date) 4.75% multiplied by the number of days from (and including) the Purchase Date to (and excluding) the weighted average maturity date of the Receivables in the relevant Additional Receivables Portfolio divided by 360;

Funding Discount means, with respect to any Purchased Receivable having a maturity of more than 21 days from Purchase, 769/1000 of one percent; with respect to any Purchased Receivable having a maturity of between 15 and 21 days from Purchase, 578/1000 of one percent; with respect to any Purchased Receivable having a maturity of between eight and 14 days from Purchase, 385/1000 of one percent; and with respect to any Purchased Receivable having a maturity of between one and seven days from Purchase, 193/1000 of one percent.

Funding Discount has the meaning set forth in SECTION 1.4(c) of the Purchase and Sale Agreement.

Funding Discount is an amount equal to (a) the sum of (i) the Initial ENV of the Batch, minus (ii) the Loss Discount, the Provider Reserve Discount and the Servicing Fee Discount, multiplied by (b)the Funding Discount Percentage.

Funding Discount means 5.9 per cent. multiplied by the weighted average maturity of the Additional Receivables Portfolio divided by 360;"; (the amendments described in paragraphs 1.1– 1.5 above herein together referred to as the "Amendments").

Funding Discount means an amount determined for each Tranche Period, whether occurring prior to or after the Termination Date, pursuant to the following formula: (UPR x TR x TP) + (AOB x TR x TP) -- -- 365 365 where: