Original Discount definition

Original Discount means, with respect to an Account Receivable purchased under the Program, two percent, expressed as a decimal, times the Face Value of such Account Receivable.
Original Discount means, with respect to an Account Receivable purchased under the Loan Documents, two percent (2%), expressed as a decimal, times the Uncollected Value of such Account Receivable at the time it is purchased by Borrower pursuant to the Loan Documents.
Original Discount means, with respect to an Account Receivable purchased under the Program, two percent (2%), expressed as a decimal, times the Uncollected Value of such Account Receivable at the time it is purchased by Purchaser pursuant to the Program Documents.

Examples of Original Discount in a sentence

  • Extract from Secondary Market Mortgage Backed SecuritiesFile Content: This file will contain Pool Number, Purchase Date, Face Amount, Type, Date, Maturity, Rate, Factors for 4 Months, Outstanding Balance, Original Discount, Cusip Number, Original WAC, Original WAM, Calculated Remaining Term, Purchased Contractual Term, Historical or Estimated Payments.

  • Original Discount RateThe discount rate used in calculating the discounted cash flow is a rate of return at which investors are expected to receive compared to other investments with the same risk profile as the Business.

  • In reliance upon Mir’s representation regarding the Company’s financial status and the likelihood of the Company gaining contracts with the United States military for the Device, Lewis provided such investment under an Original Discount Convertible Note (“OID”) structure that was created by Mir.

  • PROMETIC LIFE SCIENCES INC.The warrants issued in a financing transaction in September 2013 (note 16), namely the “Second Warrants”, give the holder the right to acquire common shares, the number of which is based on a formula, in exchange for $15,653 paid either in cash or in consideration of the lender’s cancellation of the Original Discount Issue (“OID”) loan maturingon September 10, 2018.

  • If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and premium, if any, thereof shall, until paid or duly provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original Discount Security) borne by the Security.

  • The Notes shall be Original Discount Securities that are issued to the public at a price of 95.801%.

Related to Original Discount