Original Issue Discount of any Security means the difference between the Issue Price and the Principal Amount of the Security as set forth on the face of the Security.

Original Issue Discount of any Security means the difference between the Issue Price and the Principal Amount at Maturity of the Security as set forth on the face of the Security.

Original Issue Discount. (the difference between the Issue Price and the Principal Amount at Maturity of the Security), in the period during which a Security remains outstanding, shall accrue at 2.75% per annum, on a semiannual bond equivalent basis using a 360-day year composed of twelve 30-day months, from the Issue Date of this Security.

Examples of Original Issue Discount in a sentence

The Original Company acknowledges that the Original Issue Discount shall not be funded but shall be deemed to be fully earned on the closing of the Pre-Paid Advance and shall not reduce the principal outstanding under the Pre-Paid Advance.
The Pre-Paid Advance shall be in an amount of $2,500,000 and advanced upon the execution of this Agreement (the “Pre-Paid Advance Closing”), subject, however, to the Original Issue Discount as described below.
The Company acknowledges and agrees that the Original Issue Discount (i) shall not be funded but shall be deemed to be fully earned upon the Closing of each Pre-Paid Advance, and (ii) shall not reduce the principal amount of the Pre-Paid Advance.

More Definitions of Original Issue Discount

Original Issue Discount of any Security means the difference between the Issue Price and the Principal Amount of the Security as set forth on the face of the Security. For purposes of this Indenture and the Securities, accrual of Original Issue Discount shall be calculated on the basis of a 360 day year of twelve 30 day months.

Original Issue Discount shall have the meaning set forth in Section 2.02.

Original Issue Discount with respect to any debt security, including an Original Issue Discount Security, has the same meaning as set forth in Section 1273 of the Code, or any successor provision, and the applicable Treasury Regulations thereunder.

Original Issue Discount of any Note means the difference between the Issue Price and the Principal Amount at Maturity of the Note as set forth on the face of the Note, which shall accrue as set forth in the form of Note.

Original Issue Discount with respect to any Debt Security, including an Original Issue Discount Security, has the same meaning as set forth in Section 1273 of the Code, or any successor provision, and the applicable Treasury Regulations thereunder.

Original Issue Discount with respect to any Security, including an Original Issue Discount Security, has the same meaning as set forth in Section 1373 of the Code, or any successor provision, and the applicable regulations of the United States Department of the Treasury promulgated thereunder.

Original Issue Discount with respect to any Security, including any Security that is issued at a price below face value, has the same meaning set forth in Section 1273 of the Internal Revenue Code of 1986 as in effect on the date hereof, or any successor provision, and the applicable Treasury Regulations thereunder.