Manufacturer Discount Amount

Example Definitions of "Manufacturer Discount Amount"
Manufacturer Discount Amount. With respect to a Receivable, means an amount equal to the excess, if any, of (a) the invoice price of the related Product over (b) the amount that the applicable Manufacturer agrees to accept from an Originator in order to permit the applicable Dealer to obtain a "free flooring" period during which such Dealer is not required to pay interest (or pays interest at a reduced rate) in respect of such Receivable.
Found in DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST contract
Manufacturer Discount Amount. With respect to a Receivable, means an amount equal to the excess, if any, of (a) the invoice price of the related Product over (b) the amount that the applicable Manufacturer agrees to accept from an Originator in order to permit the applicable Dealer to obtain a "free flooring" period during which such Dealer is not required to pay interest (or pays interest at a reduced rate) in respect of such Receivable.
Found in DISTRIBUTION FINANCIAL SERVICES FLOORPLAN MASTER TRUST contract
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