Standard Discount definition

Standard Discount. For all Customers approved by MBNA at an APR of approximately 10.95%, PeoplePC shall subsidize the APR with a discount to MBNA as follows: An amount calculated by subtracting [*] from the Prime Rate (as published in The Wall Street Journal on the last day of the preceding calendar quarter) multiplied by the total U.S. Dollar amount of the initial PeoplePC Product purchase(s) made by Customers directly to Loan Accounts and processed via deposit into the Settlement Account. If the Prime Rate drops to or below [*], then during each such time that the Prime Rate is at or below [*], PeoplePC's obligations to pay a discount to MBNA as set forth above shall be suspended. *****Certain information on this page has been omitted and filed with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. SCHEDULE C SETTLEMENT INFORMATION for all ACH transmissions Name of Account Holder: ______________ Name of Bank: ______________ Account #: ______________ ABA #: ______________ SCHEDULE D Attach IRS Form W-9 which has been executed by PeoplePC EXHIBIT 1 Capitalized but undefined terms used on this Exhibit 1 shall have the meanings given them in the relevant documentation between PeoplePC and each Member.
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Standard Discount shall have the meaning set forth in Section 6.4 of this Agreement.
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Standard Discount. For all Customers approved by MBNA at an APR of approximately 10.95%, PeoplePC shall subsidize the APR with a discount to MBNA as follows: An amount calculated by subtracting 7.00% (seven percent) from the Prime Rate (as published in The Wall Street Journal on the last day of the preceding calendar quarter) multiplied by the total U.S. Dollar amount of the initial PeoplePC Product purchase(s) made by Customers directly to Loan Accounts and processed via deposit into the Settlement Account. If the Prime Rate drops to or below 7.00%, then during each such time that the Prime Rate is at or below 7.00%, PeoplePC's obligations to pay a discount to MBNA as set forth above shall be suspended. SCHEDULE C SETTLEMENT INFORMATION for all ACH transmissions Name of Account Holder: ______________ Name of Bank: ______________ Account #: ______________ ABA #: ______________ SCHEDULE D Attach IRS Form W-9 which has been executed by PeoplePC EXHIBIT 1 Capitalized but undefined terms used on this Exhibit 1 shall have the meanings given them in the relevant documentation between PeoplePC and each Member.
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Examples of Standard Discount in a sentence

  • Convenience check cash advances are not assessed a Standard Discount Fee.

Related to Standard Discount

  • Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • 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).

  • Age-based discount means a discount offered on selected hospital policies for persons and/or their partners aged between 18 and 29. The discount is two per cent for each year that the person is aged under 30, to a maximum of 10 per cent. Providing the person remains on an applicable hospital cover, they are entitled to the discount until they turn 41 at which time the discount will decrease at the rate of two per cent per year for up to five years, so that no age-based discounts are available after the age of 45.

  • Solicited Discount Proration has the meaning set forth in Section 2.05(a)(v)(D)(3).