Initial Discount definition

Initial Discount means, with respect to each Purchased Receivable acquired on the Initial Funding Date, the initial discount cost applied by the Administrative Agent to such Purchased Receivable, equal to the product of (a) the Initial Discount Rate applicable to such Purchased Receivable multiplied by (b) the Net Invoice Amount of such Purchased Receivable as of the applicable Purchase Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Initial Discount two and one half percent (2 1/2 %) of the Face Amount.

Initial Discount means ten (10%) percent.

Examples of Initial Discount in a sentence

• Merchant understands and agrees that all such discounts and special pricing inures solely to the benefit of Processor, and Merchant is not entitled to such discounts; (iv) Initial Discount: Merchant understands that initial discount rates assessed by Provider are based on Merchant's projected sales volume, average Transaction amount, and Card acceptance practices.

• The Generator must calculate the Effective Discount in accordance with the following formula: Effective Discount = Dbase * where: D base is the Initial Discount; and is the Inflation Factor calculated by reference to the most recent Indexation Anniversary.

• ESCALATION OF LEASE CONSIDERATION: There shall be an annual escalation in the Lease Consideration payable every month to the LESSOR, at the rate of [●] % per annum over the existing monthly Lease Consideration rate, without taking into account the discount availed during the Initial Discount Period.

• They may not be copied or reproduced without the express written consent of the City.

• The Initial Discount Notes and the Exchange Discount Notes are treated as a single class of securities under the Indenture.

More Definitions of Initial Discount

Initial Discount is a percentage that represents the discount to be applied by AFS to any Charges invoiced by AFS to VG in excess of the Target Price.

Initial Discount means six (6%) percent.

Initial Discount means twelve and one-half percent (12 1/2%).

Initial Discount two percent (2%) of the Face Amount. Page 1 of 15 1.17. “Invoice” - the document that evidences or is intended to evidence an Account. Where the context so requires, reference to an Invoice shall be deemed to refer to the Account to which it relates. 1.

Initial Discount means twelve and one-half percent (12 1/2%)until May 27, 2001, increasing by two percent (2%) on May 27, 2001 and an additional two percent (2%) on the 27th day of each month thereafter.

Initial Discount. In respect of the rent payable on the second floor comprising of [●] square feet of space and the third floor consisting of [●] square feet of space, the LESSEE shall be given an initial discount of 50% on the actual rent per square foot price of Rs. [●] for each of the second floor and the third floor for a period of five (5) months starting from the first (1st) month post the Rent Commencement Date (“Initial Discount Period”) until the end of fifth (5th) month post the Rent Commencement Date. Upon completion of the Initial Discount Period, the LESSEE shall be liable to pay the monthly rental as per the rates set out in Clause 4.1.1 above and subject to escalation as mentioned in Clause 4.4 below. Further, the discount of Rs. [●]/- (Rupees [●] only) per each of the second and third floors provided to LESSEE during the Initial Discount Period shall become due and payable by the LESSEE simultaneously with the surrender of possession of either the entire second floor or both of the second and third floors (in their entirety) in the Building, as mentioned in Clause 3.3. CAR PARK CHARGES: The LESSEE shall be entitled to use [●] car parking spaces in the lower basement of the Building, for use of LESSEE at the rate of Rs. [●]/ per month for each car parking space. The car parking charges which are payable are included in the monthly rental amount set out in Clause 4.1.1 above. In case the LESSEE requires additional car parks, the LESSOR shall attempt to make available such additional required car park space in one of the basements for which the LESSEE shall pay car park charges to the LESSOR in accordance with the above mentioned rates.

Initial Discount means the Discount Rate Percentage applied to the Planned Usage for the Initial Client Environment. This includes a discount for the term and volume of Planned Usage.