Purchase Discount Rate definition

Purchase Discount Rate means, as of any date of determination, a rate equal to the lesser of (a) the Dynamic Purchase Discount Rate and (b) the Purchase Discount Rate Cap.
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Purchase Discount Rate means a rate, as of any date, equal to 100% minus ---------------------- the greater of (a) (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Ratio minus (ii) 15%, or (b) 25%.
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Purchase Discount Rate means, with respect to any Receivable, a per annum rate equal to the Applicable Discount Rate for such Receivable, which rate shall be specified in the Seller Transfer Report; it being understood and agreed that such rate may be determined as a weighted average which may apply to all Receivables being Purchased on any given Purchase Date.
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Examples of Purchase Discount Rate in a sentence

  • After the Termination Date, the Standby Purchaser may require that the Purchase Discount Rate with respect to any Purchases made and maintained by it be determined by reference to the Alternate Rate.

  • If circumstances subsequently change so that the Servicing Agent shall determine that CIBC is no longer so affected, the obligation of the Standby Purchaser to determine the Purchase Discount Rate with respect to any Purchases made and maintained by it by reference to the LIBO Rate (Reserve Adjusted) shall, upon such determination (and telephone notice thereof confirmed in writing to the Seller), forthwith be reinstated.

  • At the end of each Fixed Period with respect to any New Purchase maintained at a Purchase Discount Rate determined by reference to the LIBO Rate (Reserve Adjusted), a new Fixed Period with respect to such New Purchase (and all related Reinvestment Purchases with respect thereto) shall commence at the expiration of such Fixed Period.

  • The Purchasers will, on the Business Day immediately preceding each Settlement Date, notify the Seller and the Servicing Agent of the Purchase Discount Rate with respect to each of the Purchasers for the Purchase Discount Period then ending.


More Definitions of Purchase Discount Rate

Purchase Discount Rate means a percentage of the Amount Financed discounted from the Purchase Amount, as disclosed on the Rate Schedule.
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Purchase Discount Rate. Reserve", "Special Limit" or "Termination Event", (G) amend or modify any defined term (or any defined term used directly or indirectly in any such defined term) used in clauses (A) through (F) above in any manner that would circumvent the intention of the restrictions set forth in such clauses, or (H) otherwise materially affect the rights of any Purchaser or Purchaser Agent hereunder.
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Purchase Discount Rate means (a) in respect of the initial Settlement Period, ***** per annum, and (b) in respect of each Settlement Period thereafter, the sum of (i) the rate per annum which is the Purchaser’s cost to effect or maintain, through the issuance of Notes or incurrence of indebtedness under the Liquidity Agreement, the Purchases during such Settlement Period, or, in the event of an assignment to ***** pursuant to Section (b), ***** then applicable funding costs to effect or maintain the Purchases on balance sheet during such Settlement Period based on the remaining term to the Termination Date (based on clauses (a) or (d) of the definition of Termination Date, whichever is applicable), and (ii) the Program Fee Rate.
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Related to Purchase Discount Rate

  • BA Discount Rate means:

  • 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.

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Applicable Discount has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.05(a)(v)(C) substantially in the form of Exhibit M-4.

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Acceptable Discount has the meaning set forth in Section 2.05(a)(v)(D)(2).

  • Prepayment Rate means the bond equivalent yield (in the secondary market) on the United States Treasury Security that as of the Prepayment Rate Determination Date has a remaining term to maturity closest to, but not exceeding, the remaining term to the Maturity Date, as most recently published in the "Treasury Bonds, Notes and Bills" section in The Wall Street Journal as of the date of the related tender of the payment. If more than one issue of United States Treasury Securities has the remaining term to the Maturity Date referred to above, the "Prepayment Rate" shall be the yield on the United States Treasury Security most recently issued as of such date. If the publication of the Prepayment Rate in The Wall Street Journal is discontinued, Lender shall determine the Prepayment Rate on the basis of "Statistical Release H.15(519), Selected Interest Rates," or any successor publication, published by the Board of Governors of the Federal Reserve System, or on the basis of such other publication or statistical guide as Lender may reasonably select. "PREPAYMENT RATE DETERMINATION DATE" shall mean the date which is five (5) Business Days prior to the prepayment date.

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit M.

  • Discount Price means the product of (i) the price per share of Capital Stock sold in an Equity Financing and (ii) 100% less the Discount.

  • Solicited Discounted Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

  • Discount Amount means initially $6,549,982; provided that following any issuance of additional Class C(2020-5) Notes in accordance with Section 2.09, the Discount Amount shall mean the amount specified in the Notice of Additional Issuance.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1).