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

• In the case of Original Discount Securities, the Issuer shall file with the Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time.

• If any Security of a series is an Original Discount Security, the Company shall file with the Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time.

• If an Event of Default specified in clauses (6) or (7) of Section 501 shall occur, then the principal (or, if any Securities are Original Discount Securities, such portion of the principal as may be specified by the terms thereof) and premium or Make-Whole Amount, if any, shall immediately become due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived.

• The record will show the principal amount of the Securities (in the case of Original Discount Securities, such principal amount to be determined as provided in the definition of "Security or Securities; Outstanding" in Section 1.01) voting in favor of or against any resolution.

• 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.

• Such waiver and release are part of the consideration for the issuance of the Original Discount Notes.

• Notice of redemption shall be given by the -------------------- Issuer not less than 30 nor more than 90 days prior to the Redemption Date, to each Holder of Original Discount Notes to be redeemed.

• The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Original Discount Notes.

• Represents the difference between the outstanding balance of the acquired loan portfolio and the carrying amount of the acquired loan portfolio $ in millions, except per share data Impact on Net Interest Margin Impact on Earnings Per Share 1Q13 Total Accretion (All interest income on acquired loans) 37 Interest Income from Amortization of Original Discount on Acq.

• If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal 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.