Adjusted Discount definition
Adjusted Discount means, with respect to any Purchased Receivable for a Settlement Period, an amount determined as follows:
Adjusted Discount. = NFV x DR x (Days / 360), in which:
Adjusted Discount or "AD" means the product of (i) the APNA and (ii) the Discount Percentage.
Examples of Adjusted Discount in a sentence
The Administrative Agent is irrevocably authorized by each Seller to keep records of all purchases, which records shall be consistent with all information set forth in each Portfolio Report delivered to the Administrative Agent via the PrimeRevenue System, and evidences the dates and amounts of purchases and the applicable Purchase Discount or Adjusted Discount in effect from time to time.
More Definitions of Adjusted Discount
Adjusted Discount. = (NFV – Dres) x DRate x (Days / 360), in which:
Adjusted Discount means, for any Call Option, the sum of (i) the Reserve Discount for the corresponding Put Option, and (ii) the Unused Cost of Carry.