Sale Discount Rate definition

Sale Discount Rate. For any Contract to be transferred to the Asset Pool by the Seller, a rate per annum, calculated on the Business Day immediately preceding such transfer, equal to the sum of (i) the fixed interest rate associated with the Hedge Agreement related to such purchase, (ii) the Program Fee Rate, (iii) .05% and (iv) the Servicing Fee Rate.
Sale Discount Rate means, a rate per annum calculated by the Servicer (i) in the case of Existing Receivables, as of March 29, 2001, and (ii) in the case of any Pool Receivable included in the Asset Interest other than the Existing Receivables, as of the last Business Day of the Collection Period in which such inclusion occurred, in each case, equal to the sum of (i) the Hedge Rate for that Pool Receivable, (ii) the Liquidity Margin, and (iii) the Servicing Fee Rate.

Related to Sale Discount Rate