Discount Reserve definition

Discount Reserve means, at any time, an amount equal to: Where: TD = the sum of the unpaid Discount for all Tranche Periods. LY = the Liquidation Yield
Discount Reserve means, at any time, the product of (a) 1.5 multiplied by (b) the rate announced by ABN AMRO as its "Prime Rate" (which may not be its best or lowest rate) plus 100 basis points (1.00%) multiplied by (c) Aggregate Investment multiplied by (d) a fraction, the numerator of which is the average Turnover Rate as of the last day of the last three calendar months and the denominator of which is 360.
Discount Reserve at any time means the sum of (i) the Termination Discount at such time, and (ii) the then accrued and unpaid Discount.

Examples of Discount Reserve in a sentence

  • Upon further inspection of the general ledger accounts, the following is discovered: 5,000395,000 5,000 400,000 Sales Discount Sales Discount Reserve Reserve 12/31/92 1/1/92 12/31/92 12/31/92 Sales Discount Expense 5,000Sales Discount Reserve 5,000 To record sales discounts after computing pending year-end discounts of $400,000.

  • The officer’s recommendation is to increase the approved capital revenue as per approved DFES funding, increase the capital expense as per the signed building contract as well as include a transfer of $38,800 from the Rate Discount Reserve to fund the electrical connection shortfall.

  • On the Issue Date, the Issuer will deposit £2,096,997.76 into the Discount Reserve Account and £5,250,000 into the Reserve Account.

  • The start-up costs (other than underwriting and selling commissions payable in respect of the Notes but including expenses incurred in connection with the offering of the Notes and the fee payable to the Series Cap Provider under the Series Interest Rate Cap Agreement), together with the deposit into the Series Reserve Fund and the Series Discount Reserve relating to the issue of the Notes are estimated not to exceed £10,500,000.

  • The Discount Reserve Fund was drawn in full shortly after the Issue Date, with the result that the amounts standing to the credit ofthe same were insufficient to cover the redemption of the E Notes.


More Definitions of Discount Reserve

Discount Reserve means for any Calculation Period, the product (expressed as a percentage) of (i) 1.50 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction, the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.
Discount Reserve means the amount calculated in accordance with SCHEDULE 16 A.
Discount Reserve means, on any date of determination, the amount determined pursuant to the following formula:
Discount Reserve means (a) 1.5% multiplied by (b) Aggregate Investment.
Discount Reserve means a Reserve equal to the discount reserve taken by Borrowers on their financial statements prepared in accordance with GAAP of discounts on sales of Inventory allowed by Borrowers as reported by Borrowers in the financial statements delivered under Section 9.6.
Discount Reserve means, at any time, the greater of (i) 1% of Aggregate Investment and (ii) product of (a) 1.5, (b) the rate announced by RBS as its “Prime Rate” (which may not be its best or lowest rate) plus 2.50%, (c) Aggregate Investment, (d) a fraction, the numerator of which is the average Turnover Ratio for the most recent three periods and the denominator of which is 360.
Discount Reserve means, on any date of determination, the amount determined pursuant to the following formula: 360 where: