Prepayment Discount definition
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 shall have the meaning as that term is defined in the Loan Agreement.
Examples of Prepayment Discount in a sentence
Prepayment discounts are granted as follows: contract term - Prepayment discount per system per year 1 year - 1% off net price* per system 2 years - 2% off net price per system 3 years or more - 3% off net price per system * The Prepayment Discount will be applied to the net price after all other applicable discounts have been applied.
Tax will be calculated based upon the pre-discounted price 3% One Year In Advance Prepayment Due* plus applicable tax $14,826.45 Prepayment Discount Savings ** 458.55 Service Fee Discount.
The Prepayment Discount Schedule is offered in good faith and must meet the following criteria to apply: (i) the Merchant’s status must be “Performing”; and (ii) at no point can the Merchant’s account reach a status of “Non-Performing”, “Legal”, “Collections” or “Suspended” or any other status other than Performing.
Students will be on the Semester Plan unless a separate application is made for either the Prepayment Discount Plan or the Installment Plan.
Prepayments of the Facilities will be allowed at any time under terms outlined under Prepayment Discount section below.
More Definitions of Prepayment Discount
Prepayment Discount means a reduction in the Outstanding Principal Amount of the Initial Note I the Initial Note is paid back in full within (i) Sixty (60) days, to Two Million Three Hundred Eighty Thousand Dollars ($2,380,000); (ii) Ninety (90) days, to Two Million Four Hundred Forty Thousand Dollars ($2,440,000); and (iii) One Hundred Twenty (120) days, to Two Million Five Hundred Thousand Dollars ($2,500,000);
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 means a discount to the purchase price for the Product granted to Customer in connection with Customer’s advance payment of the Grand Total Purchase Price (or portion thereof, as specified in the Product Proposal).
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 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. Rate shall mean, with respect to a prepaid Loan, the discount rate utilized in calculating the Loan Yield Maintenance Amount for such Loan.
Prepayment Discount means, with respect to any prepayment of this Note: (i) if prepaid on or before thirty (30) days of the Original Issue Date, the Original Principal Amount of this Note shall be reduced to $8,334,857.14 less all Minimum Installment Payments made prior to such date of repayment, (ii) if prepaid after thirty (30) days of the Original Issue Date but on or before sixty (60) days of the Original Issue Date, the Original Principal Amount of this Note shall be reduced to $8,549,357.14 less all Minimum Installment Payments made prior to such date of repayment, and (iii) if prepaid after sixty (60) days of the Original Issue Date but on or before ninety (90) days of the Original Issue Date, the Original Principal Amount of this Note shall be reduced to $8,835,357.14 less all Minimum Installment Payments made prior to such date of repayment.