Discount Margin definition
Discount Margin means the margin relative to the base index rate such that the present value cash flow equals the price of the Reference Obligation plus accrued interest calculated on the basis of the price, coupon, expected maturity and expected amortisation profile as determined by the Swap Counterparty and agreed by the Investment Manager on the Portfolio Effective Date or the date of each Completed Trade in respect of any Removed Reference Obligation;
Discount Margin means, for each Account Debtor, the rate per annum set forth in the Fee Letter.
Discount Margin means the discount margin determined by the Administrative Agent as of the date on which the applicable Eligible Collateral Asset is acquired by the Borrower, in reference to the rate on the Bloomberg Yield and Spread Analysis Page and based on a maturity equal to three years.
Examples of Discount Margin in a sentence
Amounts due hereunder shall accrue interest at the Refundable Discount Margin.
Until an alternate rate of interest is determined in accordance with this clause (ii), the Discount Margin shall be the “all-in” rate offered by the Purchaser and accepted by the applicable Seller at the time of the relevant Purchase Request.
If a Discount Margin Term applies to a Facility, we agree that we will not alter the Discount Margin applicable to the Facility during that Discount Margin Term.
Discount: A charge deducted from the purchase price of Debts calculated by applying the Discount Margin and Barclays’ base rate for Sterling or the relevant Permitted Currency to the debit balance on the Payment Account(s) from time to time.
The Discount Margin Term will commence from the earlier of the initial Drawdown date or the date of availability of the Facility Limit.
More Definitions of Discount Margin
Discount Margin means the Term SOFR (hereinafter, the “Benchmark Rate”) plus the Credit Spread: provided that if the Benchmark Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purpose of this Agreement.
Discount Margin. With respect an Eligible Loan included in the Collateral, the discount margin determined by the Administrative Agent as of the acquisition date for such Eligible Loan, in reference to the rate on the Bloomberg Yield and Spread Analysis Page and based on a maturity equal to three years; provided that a Loan for which no such rate is published on the Bloomberg Yield and Spread Analysis Page on the acquisition date thereof shall be deemed to have a Discount Margin of greater than 1350 unless otherwise agreed between the Administrative Agent and the Collateral Manager and therefore will not be an Eligible Loan.
Discount Margin means the Term SOFR (the “Benchmark Rate”) plus the Credit Spread; provided that if the Benchmark Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purpose of this Agreement.
Discount Margin means, in respect of a Facility, the discount margin (if any) applicable to that Facility, as specified in the Facility Schedule and is subject to change by us in our absolute discretion at any time and from time to time;
Discount Margin means, for any Purchased Receivable, a U.S. dollar amount equal to the product of (a) the Discount Rate with respect to the applicable Account Debtor and (b) 90% of the Net Invoice Amount of such Purchased Receivable, and further multiplied by (c) the Discount Period divided by 360.
Discount Margin. With respect to any Purchased Receivable of an Account Debtor, the discount cost applied by the Buyer to such Purchased Receivable purchased on a Purchase Date 725594943 17555228 (expressed as an amount in dollars), equal to (i) LIBOR plus the Credit Spread applicable to such Account Debtor (determined as of the Purchase Date for such Purchased Receivables) (the “Discount Rate”), multiplied by (ii) the Aggregate Net Invoice Amount of such Purchased Receivable, and multiplied by (iii) the Discount Period divided by 360.
Discount Margin. The discount cost applied by Buyer to Purchased Receivables purchased on a Purchase Date, equal to (a) for any approved Account Debtor set forth in Schedule II herein as of the date hereof, (i) [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE SEC] if the payment cycle is less than 75 days or (ii) [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE SEC] if the payment cycle is 75 days or more, calculated on the basis of the Adjusted Invoice Amount of such Purchased Receivables for the number of days between the date of discounting and 45 days past the Due Date and (b) for any other Account Debtor, as mutually agreed by Buyer and Seller.