Original Discount definition

Original Discount means, with respect to an Account Receivable purchased under the Program, two percent, expressed as a decimal, times the Face Value of such Account Receivable.
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Original Discount means, with respect to an Account Receivable purchased under the Loan Documents, two percent (2%), expressed as a decimal, times the Uncollected Value of such Account Receivable at the time it is purchased by Borrower pursuant to the Loan Documents.
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Original Discount means, with respect to an Account Receivable purchased under the Program, two percent (2%), expressed as a decimal, times the Uncollected Value of such Account Receivable at the time it is purchased by Purchaser pursuant to the Program Documents.
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Examples of Original Discount in a sentence

  • In the case of Original Discount Securities, the Issuer shall file with the Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time.

  • If an Event of Default specified in clauses (6) or (7) of Section 501 shall occur, then the principal (or, if any Securities are Original Discount Securities, such portion of the principal as may be specified by the terms thereof) and premium or Make-Whole Amount, if any, shall immediately become due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived.

  • The record will show the principal amount of the Securities (in the case of Original Discount Securities, such principal amount to be determined as provided in the definition of "Security or Securities; Outstanding" in Section 1.01) voting in favor of or against any resolution.

  • Each Holder by accepting an Original Discount Note waives and releases all such liability.

  • If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original Discount Security) borne by the Security.

  • Section 1015 of the Indenture is hereby ----------------- Incorporated by Reference, except that (i) any reference to "New Discount Notes" shall be deemed to be a reference to "Original Discount Notes"; (ii) the words "with a copy to the Trustee" appearing in Section 1015 shall be deemed to be deleted; (iii) the reference to Section 1101 shall be deemed to be a reference to Section 10.1 hereof; and (iv) the reference to Section 1105 shall be deemed to be a reference to Section 10.5 hereof.

  • The following provisions shall apply --------------------------- with respect to any proposed transfer of an Original Discount Note, prior to the expiration of July 23, 2000, which has not been sold in a public offering registered under the Securities Act or to the public pursuant to Rule 144 under the Securities Act.

  • The Purchaser has been advised that the ------------------------ Original Discount Notes have not been registered under the Securities Act or any state securities laws and, therefore, cannot be resold unless they are registered under the Securities Act and applicable state securities laws or unless an exemption from such registration requirements is available.

  • Whenever any Discount Notes are so surrendered for exchange the Issuer shall execute and deliver the Original Discount Notes which the Holder making the exchange is entitled to receive.

  • Such waiver and release are part of the consideration for the issuance of the Original Discount Notes.

Related to Original Discount

  • Resale Discount means the applicable discount off retail rates applied to AT&T-21STATE Telecommunications Services resold by CLEC to its End Users. Any change to the rates, terms and conditions of any applicable retail Tariff is automatically incorporated herein and is effective hereunder on the date any such change is effective.

  • Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Applicable Discount has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).