Examples of Aggregate Discounted Receivables Balance in a sentence
Optional Redemption of the Notes / Clean-Up Call Option VWFS will have the option but not the obligation, to require the Issuer to exercise the Clean-Up Call Option and to repurchase the outstanding Purchased Receivables from the Issuer at any time when the Aggregate Discounted Receivables Balance for all outstanding Purchased Receivables is less than 10 per cent of the Maximum Discounted Receivables Balance.
Optional Redemption of the Notes / Clean-Up Call Option VWFS will have the option but not the obligation, to require the Issuer to exercise the Clean-Up Call Option and to repurchase the outstanding Purchased Receivables from the Issuer at any time when the Aggregate Discounted Receivables Balance for all outstanding Purchased Receivables is less than 10 per cent of the sum of the Initial Receivables.
Market Value of Purchased Receivables There is no assurance that the Aggregate Discounted Receivables Balance will at all times be equal to or greater than the principal amount outstanding of the Notes.
Furthermore, the proceeds of the Subordinated Loan equalling the Borrowing Base Cure Amount and received by the Issuer on the relevant Renewal Date shall be used by the Issuer to cure any Aggregate Discounted Receivables Balance Shortfall by purchasing Additional Receivables at the New Discount Rate from the Seller.
The respective Amortisation Amount is intended to reduce the aggregate outstanding principal amounts of the Amortising Series of Notes to amounts which would leave an amount of overcollateralisation constant as a percentage of the Aggregate Discounted Receivables Balance, subject to certain specified increases in those percentages in case a Credit Enhancement Increase Condition is in effect.
The balance standing to the credit of the Collateral RV Ledger shall be used on the first to occur of (i) the latest occurring Final Maturity Date of any Series of Notes or (ii) the date on which the Aggregate Discounted Receivables Balance has been reduced to zero, to make payment of the amounts due and payable under items ninth, tenth, twelfth, thirteenth and fourteenth of the Order of Priority set out in clause 20.3(a) (Order of Priority).
In addition, if the amounts deposited in the Accumulation Account after two consecutive Payment Dates exceed 10% of the Aggregate Discounted Receivables Balance, such excess amount shall be used for the payment of principal of the Notes in the terms described in section 4.9.3 of this Securities Note and in accordance with the Order of Priority set forth in section 3.4.7.(ii)(2) of the Additional Building Block.
Furthermore, the proceeds of the Subordinated Loan equalling the Borrowing Base Cure Amount and received by the Issuer on the relevant Renewal Date shall be used to by the Issuer to cure any Aggregate Discounted Receivables Balance Shortfall by purchasing Additional Receivables at the New Discount Rate from the Seller.
The Aggregate Discounted Receivables Balance of the Loans on the Cut-off Date amounts to €1,000,025,385.03.
Optional Redemption of the Notes / Clean-Up Call Option VWFS will have the option but not the obligation, to require the Issuer to exercise the Clean-Up Call Option and to repurchase the outstanding Purchased Receivables from the Issuer at any time when the Aggregate Discounted Receivables Balance for all outstanding Purchased Receivables is less than 10 per cent of the sum of the Aggregate Discounted Receivables Balance as of the Initial Cut-Off Date.