Initial Discount Rate definition
Initial Discount Rate means, with respect to any Purchased Receivable acquired on the Initial Funding Date, a rate equal to the product of (a) Adjusted Term SOFR plus the Applicable Margin, determined as of the Purchase Date for such Purchased Receivable, multiplied by (b) the result of (i) the applicable Initial Discount Period, divided by (ii) 360.
Initial Discount Rate means: on the Purchase Date for each Account Receivable, the rate percent per annum calculated as follows: Initial Discount Rate =(LIBOR + Spread) X (Initial Discount Period / 360) Each Initial Discount Rate is identified on the Purchase Date for each respective Purchase Pack and will apply to any Account Receivable from that respective Purchase Pack for the period from the Purchase Date until the date on which such Account Receivable paid by Buyer or repurchased by Supplier. LIBOR means :
Initial Discount Rate means the rate mutually agreed by the Investor and the Company as on the date of this Agreement, that is [●] %.