Discount Certificate definition

Discount Certificate. Any Certificate that is issued with "original issue discount" within the meaning of Section 1273(a) of the Code and any other Certificate designated by the Depositor as issued with original issue discount for United States Federal income tax purposes.
Discount Certificate. Floating Pass-Through Rate" "Floating Rate Certificate" "Guaranteed Investment Contract"
Discount Certificate. Any Certificate with respect to which the Certificateholder will be treated as receiving “original issue discount” within the meaning of Section 1273(a) of the Code and any other Certificate designated by the Trustor as a Discount Certificate.

Examples of Discount Certificate in a sentence

  • Class Member B is entitled to a cash payment of $475 ($200 for the third Transmission Hardware Replacement and $275 for the fourth) or a Vehicle Discount Certificate in the amount of $950 ($400 for the third Transmission Hardware Replacement plus $550 for the fourth).

  • Alternatively, she may elect a Vehicle Discount Certificate in the amount of $950 ($550 for the fourth Transmission Hardware Repair plus the amount of the unused and expired certificate).

  • She is entitled to a cash payment of $350 or a Vehicle Discount Certificate in the amount of $700.

  • However, a single Service Visit cannot be used to support both a claim for a cash payment under Section II.B. and a claim for a cash payment or Vehicle Discount Certificate under Section II.C. The Claims Administrator, in processing claims submitted pursuant to Section II.C., shall make whatever deductions are necessary to ensure that Service Visits are not double counted.

  • Class Member C would, upon timely submission of a claim and supporting documentation, be entitled to a cash payment of $475 or a Vehicle Discount Certificate in the amount of $950.

  • Vehicle Discount Certificates are capped at a cumulative total of $4,650, which means that a Class Member shall not receive a Vehicle Discount Certificate beyond the eighth Transmission Hardware Replacement.

  • Class Member D fails to redeem the Vehicle Discount Certificate within twelve months.

  • However, Class Member C fails to submit a timely claim and is not entitled to either a cash payment or a Vehicle Discount Certificate.

  • However, the amount of any Vehicle Discount Certificate issued pursuant to Section II.C.1 shall be increased by the amount of any unused and expired vehicle discount certificates previously issued to the same Class Member for the same Class Vehicle.

  • Class Members who receive a cash payment or a Vehicle Discount Certificate under II.B or II.C may still pursue claims in the Arbitration Program.


More Definitions of Discount Certificate

Discount Certificate. Any Certificate with respect to which an Underlying TLG Debt Security has been issued with “original issue discount” within the meaning of Section 1273(a) of the Code and any other Certificate with respect to which an Underlying TLG Debt Security has been designated by the Depositor as having been issued with original issue discount for United States federal income tax purposes.
Discount Certificate. Any Certificate that reflects "original issue discount" within the meaning of Section 1273(a) of the Code with respect to an Underlying Security.

Related to Discount Certificate

  • Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment].

  • Credit certificate means a certificate issued by the allocating agency to a taxpayer that specifies the amount of affordable housing tax credits that can be applied against the taxpayer’s individual or corporate income tax, or franchise, captive insurance premium, or insurance premium tax liability as provided in this subchapter.

  • Final Payment Certificate means the payment certificate issued under Sub-Clause 14.13 [Issue of Final Payment Certificate].

  • Gift certificate means a merchandise certificate conspicuously designated as a gift certificate, and purchased by a buyer for use by a person other than the buyer.

  • Notional Amount Certificates As specified in the Preliminary Statement.