Face Value means the specified price of the Ticket only (including United Kingdom value added tax thereon) as stated on the relevant Ticket, and excludes any Handling Fee (or part thereof) or other fees or charges paid by the Ticket Purchaser in respect of that Ticket (including postage or courier charges);
Applicable Discount has the meaning set forth in Section 2.05(a)(v)(C)(2).
S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:
Tax Original Issue Discount means the amount of ordinary interest income on a Note that must be accrued as original issue discount for United States federal income tax purposes.
Original Issue Discount of any Security means the difference between the Issue Price and the Principal Amount at Maturity of the Security as set forth on the face of the Security.