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
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. 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. ▇▇▇▇▇▇ 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.
Prepayment Discount shall have the meaning as that term is defined in the Loan Agreement.
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. 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 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 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;