Loss Discount Sample Clauses

Loss Discount. The “Loss Discount” for a particular Originator, as measured on any Payment Date, shall be calculated in accordance with the following formula: LD = AUB x LR where:
Sample 1
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Loss Discount. The "LOSS DISCOUNT," as measured on any Payment Date, shall be calculated in accordance with the following formula: LD = AUB x LR where: ----- LD = Loss Discount as measured on such Payment Date AUB has the meaning assigned thereto in SECTION 2.1 LR = (i) for purposes of the first three Payment Dates (including the Initial Closing Date) the Average Loss Rate of the Receivables generated by CANADIAN PURCHASE AND SALE AGREEMENT - 5 the Originator, as measured on such Payment Date, and (ii) for purposes of each Payment Date thereafter, the Loss Rate of the Receivables generated by the Originator, as measured on such Payment Date.
Sample 1
Loss Discount. Loss Discount" in effect for any day with respect to an Originator shall mean the lesser of (i) fifteen percent (15%) and (ii) the result, expressed as a percentage, calculated as of the most recent Month-End Date, of the quotient of (a) the aggregate Outstanding Amount of Receivables originated by such Originator that became Defaulted Receivables during the Purchase Period ending on such Month-End Date divided by (b) the aggregate Outstanding Balance of Receivables that were originated by such Originator during the Purchase Period that occurred six calendar months prior to the Purchase Period ending on such Month-End Date.
Sample 1
Loss Discount. LOSS DISCOUNT" in effect for any day with respect to an Originator shall mean the lesser of (i) fifteen percent (15%) and (ii) the result, expressed as a percentage, calculated as of the most recent Month-End Date, of the quotient of (a) the aggregate Outstanding Amount of Receivables originated by such Originator that became Defaulted Receivables during the Purchase Period ending on such Month-End Date DIVIDED BY (b) the aggregate Outstanding Balance of Receivables that were originated by such Originator during the Purchase Period that occurred six calendar months prior to the Purchase Period ending on such Month-End Date.
Sample 1

Related to Loss Discount

  • PAYMENT TERMS/DISCOUNTS The County’s payment terms are in accordance with Florida Statute 218, Local Government Prompt Payment Act. Cash discounts for prompt payment shall not be considered in determining the lowest net cost for bid evaluation purposes.

  • Underwriting Discount In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters, with respect to any Offered Securities sold to investors in this Offering, a seven percent (7%) underwriting discount.

  • Volume Discounts The Company will pay to the Dealer Manager reduced selling commissions for purchases of more than $500,000 of Primary Shares by a single purchaser through the same participating broker-dealer as follows:

  • PROMPT PAYMENT DISCOUNTS If a Contractor offers a discount for prompt payment, the Contractor shall include the terms of the discount on all invoices, the amounts which are due if the Authorized User meets the terms, and the number of days for which the prompt payment discount offer applies.

  • Discount In connection with any discount offered for early payment, time shall be computed from the date of the invoice. For the purpose of computing the discount earned, payment shall be considered to have been made on the date which appears on the payment check or the specified payment date if an electronic funds transfer payment is made.

  • Early Payment Discount The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount

  • Quantity Discounts Contractor may offer additional discounts for one-time delivery of large single orders;

  • Additional Discounts? Do you offer additional discounts to TIPS members for large order quantities or large scope of work? Yes Years in Business as Proposing Company Years in business as proposing company? Resellers: Does the vendor have resellers that it will name under this contract? Resellers are defined as other companies that sell your products under an agreement with you, the awarded vendor of TIPS. EXAMPLE: BIGmart is a reseller of ACME brand televisions. If ACME were a TIPS awarded vendor, then ACME would list BIGmart as a reseller. (If applicable, Vendor should add all Authorized Resellers within the TIPS Vendor Portal upon award). No

  • FIRM DISCOUNT AND PRICING STRUCTURE Contractor guarantees that prices quoted are equal to or less than prices quoted to any other local, State or Federal government entity for services of equal or lesser scope. Contractor agrees that no price increases shall be passed along to the County during the term of this Contract not otherwise specified and provided for within this Contract.

  • Yield If the initial Yield (as defined below) on any Incremental Term Loans that are secured on a pari passu basis with the Secured Obligations exceeds the then applicable Yield on the Term Loans existing on the Increase Effective Date by more than 50 basis points (the amount of such excess above 50 basis points being referred to herein as the “Yield Differential”), then the Applicable Margin then in effect for each applicable existing tranche of Term Loans shall automatically be increased by the Yield Differential. “Yield” shall mean, with respect to any credit facility, the then “effective yield” on such Term Loans consistent with generally accepted financial practice, it being understood that (x) customary arrangement, commitment, structuring, underwriting, ticking, unused line and amendment fees paid or payable to one or more arrangers (or their Affiliates) (regardless of whether such fees are paid to or shared in whole or in part with any lender) in their respective capacities as such in connection with the applicable facility and any other fees that are not generally payable to all lenders (or their Affiliates) ratably with respect to any such facility and that are paid or payable in connection with such facility shall be excluded, (y) original issue discount and upfront fees paid or payable to the lenders thereunder shall be included (with original issue discount and upfront fees being equated to interest based on assumed four-year life to maturity (or, if less, the remaining life to maturity) without any present value discount) and (z) to the extent that the Adjusted LIBO Rate for a three month interest period on the closing date of any such Incremental Term Loan Commitment (A) is less than 1.0%, the amount of such difference shall be deemed added to the interest margin for the applicable existing Term Loans, solely for the purpose of determining whether an increase in the interest rate margins for the applicable existing Term Loans shall be required and (B) is less than the interest rate floor, if any, applicable to any such Incremental Term Loan Commitments, the amount of such difference shall be deemed added to the interest rate margins for the Loans under such Incremental Term Loan Commitment.

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