Required Discount shall have the meaning set forth in Section 2.01(c).

Required Discount shall be such percentage as may be determined from time to time (but no less frequently then semiannually) by mutual agreement between a Seller and the Buyer based on their respective assessments of the prevailing cost of funds, recent performance history of the Seller Receivables being sold hereunder (including write-offs and rate of collection) and other costs of ownership, all determined on an arm’s length basis as though such determinations were not made by Affiliates.

Required Discount has the meaning specified in Section 2.01(d).

Examples of Required Discount in a sentence

Step 2 Determine Annual Bill TargetStep 2 is the determination of the annual bill target by income and household size based on: 1) the percentage of income target developed in Step 1, and 2) a minimum monthly payment towards natural gas bills of $12 per month Step 3 Determine Annual Required Discount AmountStep 3 determines the annual required discount amount needed in order to achieve the annual bill target included in Step 2.
Required Discount Window Borrowing Documents  Letter of Agreement (OC-10, Appendix 3)The Letter of Agreement binds your institution to the provisions of OC-10.
Required Discount Window Borrowing Documents ▪ Letter of Agreement (OC-10, Appendix 3)The Letter of Agreement binds your institution to the provisions of OC-10.
One ConEd Block: $0.30/W Required Discount: 15%ExplanationIn our modeling of current project costs and revenues for the ConEd region, NY-Sun determined that the $0.30/W incentive mandated by the April 2020 Order Expanding NY-Sun Program is sufficient for a 15% customer discount,and that allowing smaller discounts would direct a disproportionate amount of the adder value to project owners rather than customers.
Item Requirements Supporting Information Required Discount Club Development Network Attendance 100% attendance at Club Development Network meetings annually.Nil.

More Definitions of Required Discount

Required Discount shall be such percentage as may be determined from time to time (but no less frequently then semiannually) by mutual agreement between an Originator and the SPV based on their respective assessments of the prevailing cost of funds, recent performance history of the Originator Receivables being sold hereunder (including write-offs and rate of collection) and other costs of ownership, all determined on an arm’s length basis as though such determinations were not made by Affiliates.

Required Discount means, two percent (2%) with respect to all Originators until, as to any Originator, such Originator and the Buyer determine otherwise.

Related to Required Discount

Offered Discount has the meaning set forth in Section 2.05(a)(v)(D)(1).
Submitted Discount has the meaning set forth in Section 2.05(a)(v)(C)(1).
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).
Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).
Solicited Discount Proration has the meaning set forth in Section 2.05(a)(v)(D)(3).
Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.
Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.
Solicited Discounted Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(D)(1).
Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).
Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).
Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.
Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).
Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.
S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:
Acceptable Discount has the meaning set forth in Section 2.05(a)(v)(D)(2).
Borrower Offer of Specified Discount Prepayment means the offer by any Company Party to make a voluntary prepayment of Term Loans at a Specified Discount to par pursuant to Section 2.05(a)(v)(B).
Moody’s Discount Factor means the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.
Applicable Discount has the meaning set forth in Section 2.05(a)(v)(C)(2).
BA Discount Rate means:
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).
Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Company Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.05(a)(v)(D).
Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Senior Securities.
Rating Agency Discount Factor means the Fitch Discount Factor (if Fitch is then rating Preferred Shares) or an Other Rating Agency Discount Factor, whichever is applicable.
Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

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Related to Required Discount