Discounted Balance definition

Discounted Balance means, with respect to any Contract or Underlying Contract, as of any date of determination, the present value of the aggregate amount of Scheduled Payments or, in the case of an Underlying Contract, Underlying Scheduled Payments (including any Balloon Payment or Put Payment but, in any event, calculated without giving effect to any booked residual value with respect to any related Equipment) due or to become due under the terms of the related Contract or Underlying Contract after the Cut-Off Date applicable to the Receivable related thereto, which remain unpaid as of such date of determination, calculated by discounting such aggregate amount of such Scheduled Payments or, in the case of an Underlying Contract, such Underlying Scheduled Payments to such date of determination at an annual rate equal to the Discount Rate.
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Discounted Balance means, with respect to any Contract, as of any date of determination, the present value of the aggregate amount of Scheduled Payments (including any Balloon Payment or Put Payment but, in any event, calculated without giving effect to any booked residual value with respect to any related Equipment) due or to become due under the terms of the related Contract after the Cut-Off Date applicable to the Receivable related thereto, which remain unpaid as of such date of determination, calculated by discounting such aggregate amount of such Scheduled Payments to such date of determination at an annual rate equal to the Discount Rate.
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Discounted Balance means, in respect of a Lease Agreement, the sum of the Present Value of all Lease Interest Components and Lease Principal Components and the Final Lease Instalment of the Leased Vehicle subject to the relevant Lease Agreement which have become payable and have not yet been paid and which will become payable, calculated as per the relevant Cut-Off Date in accordance with the following formula:Where:t = (i) the higher of: (a) zero (0); and (b) the number of months between the relevant Cut-Off Date and the last day of the month in which such Lease Principal Component, Lease Interest Component or Final Lease Instalment will become payable or (ii) zero (0) in case of Lease Interest Components, Lease Principal Components or a Final Lease Instalment which have become payable and have not yet been paid;n = the remaining term in months for that Lease Agreement; and
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Examples of Discounted Balance in a sentence

  • In consideration of the Debtor’s faith to repay the Current Balance in this Agreement, the Creditor agrees to: (check one) ☐ - No Discounted Balance.

  • Each Segregated Collateral Pool shall have an aggregate Discounted Balance equal to (x) the sum of the Percentages for the applicable Primary Lender and its Related Lenders, multiplied by (y) the aggregate Discounted Balance of all Pledged Receivables at such time (such selection not to result in the separation of Pledged Receivables with the same Obligor into multiple Segregated Collateral Pools).

  • Upon payment in full of the Discounted Balance, all liens, security interests or other Claims of ILC in or to the equipment serving as its collateral shall terminate and be released, and the Reorganized Debtor shall own that property free and clear of all such liens or Claims of ILC.

  • This risk, however, will be mitigated by contractual representations and warranties and the contractual obligation that the relevant Seller shall pay to the Issuer an amount equal to the deemed amount of the Aggregate Discounted Balance of such non-existent Lease Receivables as of the date of such payment.

  • However, if any amount deposited and remaining in the Replenishment Ledger after the application of the Priority of Payments on two consecutive Interest Payment Dates exceeds 10% of the Aggregate Discounted Balance of the Portfolio on the Initial Cut-Off Date, then a Revolving Period Termination Event will occur.

  • The Aggregate Discounted Balance will be calculated using the Discount Rate.

  • All references to the Discounted Balance of a Receivable as of a Conveyance Date shall refer to the close of business on such day.

  • The maximum amount of the Outstanding Discounted Balance of the Performing Receivables pooled at any moment in the Fund will be equal to or slightly lower than ONE BILLION TWO HUNDRED TWENTY-SEVEN MILLION SEVEN HUNDRED THOUSAND(€ 1,227,700,000) (the “Maximum Receivables Amount”), less any Partial Amortisation Amounts applied following a Partial Amortisation Event, equivalent to the nominal value of the issue of Class A Notes and Class B Notes.

  • This risk is mitigated where LPUK repurchases the Lease Receivables and (in each case if applicable) the RV Claims and the Final Balloon Payment Receivables at the Aggregate Discounted Balance of such Lease Receivable, RV Claim and/or Final Balloon Payment Receivable in the circumstances set out in the Purchase Agreement.

  • This risk is mitigated where LPUK repurchases the Lease Receivables (if applicable) and the RV Claims at the Aggregate Discounted Balance of such Lease Receivable and/or RV Claim in the circumstances set out in the Purchase Agreement.


More Definitions of Discounted Balance

Discounted Balance means, with respect to any Receivable or Contract, as of any date of determination, the present value of the aggregate amount of Scheduled Payments (except for delinquent payments) due or to become due under the terms of the related Contract, which remain unpaid as of such date of determination, calculated by discounting monthly in arrears such aggregate amount of unpaid Scheduled Payments to such date of determination at a rate equal to the Discount Rate.
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Discounted Balance means, the discounted present value of the remaining scheduled payments which will become due on the Receivables, which present value shall be established by discounting on a monthly basis such remaining payments using the monthly equivalent of the Loss Discount Factor as the discount rate.
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Discounted Balance means, with respect to any Pool, on any date of determination, the present value of all Expected Pool Collections to be received on such Pool within three years of the applicable Transfer Date, discounted at the Discount Rate; provided, however, that, for purposes of such calculation, the Discounted Balance of any Receivable purchased or repurchased by the Servicer or the Originator pursuant to the Servicing Agreement or the Sale Agreement shall be deemed to be zero as of the last day of Collection Period during which such purchase occurs.
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Discounted Balance means, with respect to any Contract or Underlying Contract, as of any date of determination, the present value of the aggregate amount of Scheduled Payments or, in the case of an Underlying Contract, Underlying Scheduled Payments (including any Balloon Payment or Put Payment but, in any event, calculated without giving effect to any booked residual value with respect to any related Equipment) due or to become due under the terms of the related Contract or Underlying Contract after the Cut-Off Date applicable to the Receivable related thereto, which remain unpaid as of such date of determination, calculated by discounting such aggregate amount of such Scheduled Payments (or, in the case of a Pool B Contract, an amount equal to (i) the related Scheduled Payment multiplied by (ii) (a)100% minus (b) the amount of any loan principal or purchase price which would otherwise be advanced by the Originator to the applicable Obligor pursuant to the terms of such Contract or Underlying Contract, but which was held back by the Originator as a liquidity reserve or similar reserve, expressed as a percentage of the total amount of such loan principal or purchase price (it being agreed by the Borrower that no similar hold back shall exist with respect to any Pool A Contract) or, in the case of an Underlying Contract, such Underlying Scheduled Payments to such date of determination at an annual rate equal to the Discount Rate.
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Discounted Balance means, in respect of any Receivable and on any date, the sum of the Instalments scheduled to be received, as of the immediately preceding Cut-Off Date or on such date if it is a Cut-off Date, under the relevant Auto Loan Agreement and discounted at a rate equal to the Discount Rate applicable to such Receivable. Effective Date means the date of approval of the Supplement to the Base Prospectus by the CSSF.
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Discounted Balance. With respect to each Discounted Contract, an amount equal to the present value of the amount remaining unpaid under such Contract on the Purchase Date with respect to that Contract, discounted to its present value as of such Purchase Date using as the discount rate Seller’s “book basis yield” for that Contract, as reflected on Seller’s books and disclosed to the Buyers in the relevant Purchase Request, which discount rate shall not be less than the Buyers’ Rate in effect on the Purchase Date with respect to such Contract.
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Related to Discounted Balance

  • Scheduled Balance Not applicable.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Planned Balance Not applicable.

  • Targeted Balance With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Scheduled Balances Not applicable.

  • Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Payahead Balance on a Precomputed Receivable means the sum, as of the close of business on the last day of a Collection Period, of all Payaheads made by or on behalf of the Obligor with respect to such Precomputed Receivable, as reduced by applications of previous Payaheads with respect to such Precomputed Receivable, pursuant to Sections 8.02(b) and 9.09.

  • Required Balance has the meaning set forth in the Reinsurance Agreement.

  • Principal Balance means the outstanding principal amount of the Loan, plus interest expected to be capitalized (if any), less amounts which may not be insured (such as late charges).

  • Assumed Balance With respect to any Distribution Date, Class of Subordinated Certificates and Loan Group, each such Class' pro rata interest (based on their respective Class Certificate Balances) in such Loan Group equal to the product of the Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such prior Due Date).

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • Class X Notional Balance With respect to any Distribution Date (and the related Accrual Period) the aggregate principal balance of the regular interests in REMIC 3 as specified in the Preliminary Statement hereto.

  • Class A Non-PO Principal Balance As of any date, an amount equal to the Class A Principal Balance less the Principal Balance of the Class A-PO Certificates.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Original Class B-6 Principal Balance The Class B-6 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

  • Original Class Principal Balance means, with respect to any Class of Principal Balance Certificates, the initial Class Principal Balance thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Scheduled Principal Balance With respect to any Mortgage Loan: (a) as of the Cut-off Date, the outstanding principal balance of such Mortgage Loan as of such date, net of the principal portion of all unpaid Monthly Payments, if any, due on or before such date; (b) as of any Due Date subsequent to the Cut-off Date up to and including the Due Date in the calendar month in which a Liquidation Event occurs with respect to such Mortgage Loan, the Scheduled Principal Balance of such Mortgage Loan as of the Cut-off Date, minus the sum of (i) the principal portion of each Monthly Payment due on or before such Due Date but subsequent to the Cut-off Date, whether or not received, (ii) all Principal Prepayments received before such Due Date but after the Cut-off Date, (iii) the principal portion of all Liquidation Proceeds and Insurance Proceeds received before such Due Date but after the Cut-off Date, net of any portion thereof that represents principal due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) on a Due Date occurring on or before the date on which such proceeds were received and (iv) any Realized Loss incurred with respect thereto as a result of a Deficient Valuation occurring before such Due Date, but only to the extent such Realized Loss represents a reduction in the portion of principal of such Mortgage Loan not yet due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) as of the date of such Deficient Valuation; and (c) as of any Due Date subsequent to the occurrence of a Liquidation Event with respect to such Mortgage Loan, zero. With respect to any REO Property: (a) as of any Due Date subsequent to the date of its acquisition on behalf of the Trust Fund up to and including the Due Date in the calendar month in which a Liquidation Event occurs with respect to such REO Property, an amount (not less than zero) equal to the Scheduled Principal Balance of the related Mortgage Loan as of the Due Date in the calendar month in which such REO Property was acquired, minus the aggregate amount of REO Principal Amortization, if any, in respect of such REO Property for all previously ended calendar months; and (b) as of any Due Date subsequent to the occurrence of a Liquidation Event with respect to such REO Property, zero.

  • Original Class B-3 Principal Balance The Class B-3 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Average Principal Balance means for any Monthly Period in which a Reset Date occurs, the sum of (i) the Aggregate Principal Receivables determined as of the close of business on the last day of the prior Monthly Period, multiplied by a fraction the numerator of which is the number of days from and including the first day of such Monthly Period, to but excluding the related Reset Date, and the denominator of which is the number of days in such Monthly Period, and (ii) for each such Reset Date, the product of the Aggregate Principal Receivables determined as of the close of business on such Reset Date, multiplied by a fraction, the numerator of which is the number of days from and including such Reset Date, to the earlier of the last day of such Monthly Period (in which case such period shall include such date) or the next succeeding Reset Date (in which case such period shall exclude such date), and the denominator of which is the number of days in such Monthly Period.

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.