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 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).

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.

  • 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.

  • In addition, GFL offers the following discounts (maximum 5% discount): • Senior (65+) or Veteran Discount – 5% • Annual Pre-payment Discount – 3%• Electronic Payment – 3 %.

  • Prior to the Maturity Date, Issuer shall be entitled to receive an aggregate prepayment discount (the "Prepayment Discount") equal to $14,925 for each whole calendar month between the Prepayment Date and December 1, 2004.

  • Prior to the Maturity Date, Issuer shall be entitled to receive an aggregate prepayment discount (the "Prepayment Discount") equal to $35,075 for each whole calendar month between the Prepayment Date and December 1, 2004.

  • The Board may, at any time and entirely at its discretion, choose to terminate a Service Site Account’s participation in either Prepayment Discount Program.

  • Prior to August 1, 2021, any interested party may elect to enroll a Service Site Account in one of two Prepayment Discount Programs, whereby future account credits may be purchased for a Service Site at a discounted rate, as provided in this section.

  • Prepayment Discount - if the annual charge is paid in full and received in District office on or before July 31 of the current annual billing period, a discount as may be set by the Board from time to time thereof shall be allowed.

  • For example, if Issuer provides the Holder with at least five (5) days prior written notice that it is electing to prepay this Note in full on September 15, 2004, Issuer shall be obligated to pay the Holder the then outstanding principal amount of this Note less the Prepayment Discount in an amount equal to $29,850.


More Definitions of 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 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.

Related to Prepayment Discount

  • Specified Discount Prepayment Amount has the meaning assigned to such term in Section 2.11(a)(ii)(B).

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Solicited Discounted Prepayment Amount has the meaning assigned to such term in Section 2.11(a)(ii)(D).

  • Discount Range Prepayment Amount has the meaning assigned to such term in Section 2.11(a)(ii)(C).

  • Specified Discount Prepayment Notice means a written notice of the Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.05(a)(v)(B) substantially in the form of Exhibit E-8.

  • Solicited Discounted Prepayment Notice means a written notice of the Borrower of Solicited Discounted Prepayment Offers made pursuant to Section 2.05(a)(v)(D) substantially in the form of Exhibit M-6.

  • Specified Discount Prepayment Response Date has the meaning assigned to such term in Section 2.11(a)(ii)(B).

  • Solicited Discounted Prepayment Response Date has the meaning assigned to such term in Section 2.11(a)(ii)(D).

  • Specified Discount Prepayment Response means the irrevocable written response by each Lender, substantially in the form of Exhibit J, to a Specified Discount Prepayment Notice.

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Lender, substantially in the form of Exhibit N, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.11(a)(ii)(C) substantially in the form of Exhibit K.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Borrower Offer of Specified Discount Prepayment means the offer by the Borrower to make a voluntary prepayment of Term Loans at a specified discount to par pursuant to Section 2.11(a)(ii)(B).

  • Discount Range Prepayment Response Date has the meaning assigned to such term in Section 2.11(a)(ii)(C).

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire assets useful in the Borrower's business.

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Prepayment means any payment of principal made by the Mortgage Loan Borrower with respect to the Mortgage Loan which is received in advance of its scheduled Maturity Date, whether made by reason of a casualty or condemnation, due to the acceleration of the maturity of the Notes or otherwise.

  • Mandatory Prepayment Amount for any Debenture means the greater of (i) the sum of (x) 120% of the principal amount of the Debenture to be prepaid and (y) all other amounts, costs, interest, expenses and liquidated damages due in respect of such principal amount and (ii) the sum of (x) at the option of the Holder, either (I) the principal amount of the Debenture to be repaid, plus all accrued and unpaid interest thereon, divided by the Conversion Price on the date the Mandatory Prepayment Amount is demanded or otherwise due, multiplied by the Per Share Market Value on the date the Mandatory Prepayment Amount is demanded or otherwise due or (II) the principal amount of the Debenture to be prepaid, plus all accrued and unpaid interest thereon, divided by the lower of either the Conversion Price or the Average Price on the Trading Day immediately prior to the date the Mandatory Prepayment Amount is paid in full, multiplied by the Per Share Market Value on the Trading Day immediately prior to the date the Mandatory Prepayment Amount is paid in full, and (y) all other amounts, costs, interest, expenses and liquidated damages due in respect of such principal amount.

  • Discounted Term Loan Prepayment has the meaning assigned to such term in Section 2.11(a)(ii)(A).

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Specified Discount Proration has the meaning assigned to such term in Section 2.11(a)(ii)(B).

  • Specified Discount has the meaning assigned to such term in Section 2.11(a)(ii)(B).

  • BA Discount Proceeds means in respect of any Bankers' Acceptance being purchased by a Canadian Lender on any day under Section 2.3, an amount (rounded to the nearest whole Canadian cent, and with one-half of one Canadian cent being rounded up) calculated on such day by multiplying:

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by any Company Party of offers for, and the corresponding acceptance by a Lender of, a voluntary prepayment of Term Loans at a specified range of discounts to par pursuant to Section 2.05(a)(v)(C).