Discounted Balance definition

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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.

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:

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).
In consideration of the Tenants agreement to repay the Amount Owed in this Agreement, the Landlord agrees to: (check one) ☐ - No Discounted Balance.
If the Borrower intends to make an optional prepayment pursuant to this Section 2.15(a), the Borrower shall give five (5) Business Days’ prior written notice thereof to the Lender, specifying the intended Prepayment Date, the intended Prepayment Amount, whether the Loans being prepaid are Pool A Loans or Pool B Loans and the Pledged Receivables that the Borrower shall request to have released pursuant to Section 2.13 in connection with such prepayment (and the Discounted Balance thereof).
In consideration of the Debtor’s faith to repay the Current Balance in this Agreement, the Creditor agrees to: (check one) ☐-No Discounted Balance.
On the Repurchase Date, LEAF shall pay to the Purchaser (by means of a transfer to the Collection Account) an amount equal to the aggregate Discounted Balance of the Receivables included in such repurchase as of the date of such repurchase.
In consideration of the Debtor’s faith to repay the Current Balance in this Agreement, the Creditor agrees to: [CHOOSE THE APPROPRIATE OPTION- DELETE NON-APPLICABLE] a) No Discounted Balance.
All references to the Discounted Balance of a Receivable as of a Conveyance Date shall refer to the close of business on such day.
In consideration of the Debtor’s faith to repay the Current Balance in this Agreement, the Creditor agrees to: (check one) ☐ - No Discounted Balance.
In consideration of the Debtor’s faith to repay the Current Balance in this Agreement, the Creditor agrees to: (check one) ☐ - A Discounted Balance.

More Definitions of Discounted Balance

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.

Discounted Balance means, with respect to any Receivable or Contract, as of any date of determination, the net present value of the aggregate amount of Scheduled Payments (including any PUT Payment received from any Obligor but excluding the residual book value with respect to such Receivable) due or to become due under the terms of the related Contract, which remain unpaid as of such date of determination, calculated by discounting such aggregate amount of Scheduled Payments to such date of determination at an annual rate equal to the Discount Rate for such Contract.

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.

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.

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.

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.