Daily Markup Amount definition
Daily Markup Amount means the price adjustment applied on a daily basis to the Sale Price to determine the Repurchase Price as provided in Section 2.10.
Examples of Daily Markup Amount in a sentence
If the Repurchase Proceeds are not paid in fuel on the Repurchase Date, the Repurchase Price will be increased each day not paid by 110% of the Daily Markup Amount for each day until payment.
The Daily Markup Amount shall be computed each day according to the following formula: Daily Markup = Sale Price x (Index Rate + Rate Margin) Amount 360 The Index Rate and the Rate Margin shall be converted to decimal fractions for the purpose of the above formula.