Prepayment Discount means the prepayment discounts, if any, specified in Company’s Equipment Proposal.
Prepayment Discount of any Issuing Bank means, for prepayment on any date of an Acceptance Obligation with respect to any Acceptance created by such Issuing Bank, an amount equal to (i) the face amount of such Acceptance times (ii) such Issuing Bank's Discount Rate with respect to such Acceptance in effect at the time of such prepayment minus 1/8 of 1% per annum times (iii) a fraction the numerator of which is the number of days from such date to the maturity date of such Acceptance and the denominator of which is 360.
Prepayment Discount. Rate shall mean, with respect to a prepaid Loan, the discount rate utilized in calculating the Loan Yield Maintenance Amount for such Loan.
Examples of Prepayment Discount in a sentence
Where Customer opts for a Prepayment Discount that specifies that Customer will tender one or more prepayments to Company, Customer must provide each prepayment within the time frame specified in the Equipment Proposal in order to receive the Prepayment Discount for that prepayment installment.
For the avoidance of doubt, Issuer shall not be entitled to receive a Prepayment Discount if the Financing has not been fully consummated and Issuer has not received at least $10,000,000 in gross proceeds therefrom (including the $1,987,505 of gross proceeds received by Issuer as of the date hereof in connection with the closing of the first tranche of the Financing) prior to July 19, 2004.
In addition, GFL offers the following discounts (maximum 5% discount): • Senior (65+) or Veteran Discount – 5% • Annual Pre-payment Discount – 3%• Electronic Payment – 3 %.
Previous property owners, former responsible parties, and/or individuals or groups that have made enrollment payments as required for participation in the Prepayment Discount Programs shall retain no rights associated with the program.
The Board may, at any time and entirely at its discretion, choose to terminate a Service Site Account’s participation in a Prepayment Discount Program.
More Definitions of Prepayment Discount
Prepayment Discount the difference between the par principal amount of any Loans prepaid under a Voluntary Prepayment and the aggregate amount required by the Company to prepay the principal of such Loans (disregarding any interest payable under Section 3.1(c) of the First Amendment).
Prepayment Discount means, for any prepayment on any date of the Acceptance Obligation with respect to any Acceptance, an amount equal to (i) the product of the sum of (A) the face amount of such Acceptance and (B) the Discount Rate with respect to such Acceptance in effect at the time of such prepayment minus one-eighth of one percent (0.125%) per annum, multiplied by (ii) a fraction, the numerator of which is the number of days from such date to the maturity date of such Acceptance and the denominator of which is 360. In the event of a prepayment of an Acceptance as a result of a demand pursuant to Sections 4.6, the Borrower shall be required to prepay such Acceptance by paying the Banks the face amount of such Acceptance, without deducting any Prepayment Discount.
Prepayment Discount means the prepayment discounts, if any, specified in Company’s EquipmentProposal.
Prepayment Discount means an amount equal to fifty percent (50%) of the result of {(a) minus (b)}, where (a) is the outstanding principal amount on the Dover Note on the Prepayment Date and (b) is the amount of principal actually paid on the Prepayment Date in order to repay the entire balance of the Dover Note on the Prepayment Date.
Prepayment Discount means in respect of any prepayment pursuant to Section 3.2(b) the difference between (i) the amount of the accrued interest up to the prepayment date, and (ii) the amount that is the net present value of the accrued interest computed based on the number of days from and including the date that such prepayment is made but excluding the next scheduled Interest Payment Date if interest were payable on such amount at a rate equal to the yield to maturity, on the Business Day immediately preceding the date that the prepayment is to be made, assuming semi-annual compounding, of a non-callable Government of Canada Bond maturing within 5 Business Days of the next scheduled Interest Payment Date (or if there is no such Government of Canada bond which matures within such period, then the yield to maturity of the Government of Canada bond shall be interpolated from the next longer to the next shorter maturing Government of Canada bonds on a straight line basis), discounted from the next scheduled Interest Payment Date to the date of such prepayment at the same yield as determined above;
Prepayment Discount means the difference between the par principal amount of any Loans prepaid pursuant to a Voluntary Auction Prepayment or a Required Auction Prepayment and the aggregate amount required by the applicable Borrower to prepay the principal of such Loans (disregarding any interest payable under Section 3(f) of the Third Amendment).
Prepayment Discount. All prepayments will reduce the remaining principal balance, and interest accrued thereon, of the Facilities as follows: From the Closing Date up to and including December 31, 2002, by 133.33% of the actual prepayment amount; From January 1, 2003 up to and including December 31, 2003, by 117.65% of the actual prepayment amount; From January 1, 2004 up to and including September 30, 2004, by 111.11% of the actual prepayment amount; and From October 1, 2004 up to and including January 31, 2005, by 100.00% of the actual prepayment amount. Application of Payments Principal payments and prepayments will be applied pro-rata between Among Facilities: the Facilities, except for prepayments from net proceeds from the sale of the stock or substantially all of the assets of The Hamlet Group, Inc. ("Hamlet"). See the section entitled "Hamlet Prepayment" below. Xxxxxx Prepayment Net proceeds from the sale of Hamlet will be applied as a prepayment (the "Hamlet Prepayment"), upon the Closing Date, first to reduce principal under the 14% Secured Notes until paid in full; any excess will be applied to the 15% Notes. The holders of the Facilities shall consent to a sale of Hamlet prior to the confirmation of the Plan of Reorganization (as defined) provided such sale is consummated in accordance with the terms set forth in this term sheet and on terms otherwise reasonably acceptable to the holders of the Facilities and further provided that any proceeds therefrom received prior to the Closing are segregated by Borrower in accordance with the first paragraph of the section entitled "Segregation of Cash" below.