New Discount Rate definition

New Discount Rate has the meaning given to such term in clause 5.2 of the Receivables Purchase Agreement.
Sample 1Sample 2Sample 3
New Discount Rate means SOFR.
Sample 1Sample 2

Examples of New Discount Rate in a sentence

  • Furthermore, the proceeds of the Subordinated Loan equalling the Borrowing Base Cure Amount and received by the Issuer on the relevant Renewal Date shall be used by the Issuer to cure any Aggregate Discounted Receivables Balance Shortfall by purchasing Additional Receivables at the New Discount Rate from the Seller.

  • The New Discount Rate shall become the Discount Rate with effect on and from the relevant Renewal Date in relation to all the Purchased Receivables regardless of whether all Instruments are revolving or in amortisation.

  • Furthermore, the proceeds of the Subordinated Loan equalling the Borrowing Base Cure Amount and received by the Issuer on the relevant Renewal Date shall be used to by the Issuer to cure any Aggregate Discounted Receivables Balance Shortfall by purchasing Additional Receivables at the New Discount Rate from the Seller.

Related to New Discount Rate

  • Discount Rate means the rate used by the Plan Administrator for determining the Accrual Balance. The initial Discount Rate is six percent (6%). However, the Plan Administrator, in its discretion, may adjust the Discount Rate to maintain the rate within reasonable standards according to GAAP and/or applicable bank regulatory guidance.