Discounted Pool Balance definition

Discounted Pool Balance. Means, as determined from time to time, the sum of (a) the Discounted Contract Balances of all Contracts and (b) the Discounted Residual Receipts. In connection with the calculation of the Discounted Pool Balance: (x) if the aggregate Discounted Contract Balance of all Delinquent Contracts (Short Term) exceeds 4.00% of the aggregate Discounted Contract Balance of all Contracts, then the aggregate of the Discounted Contract Balance of those Delinquent Contracts (Short Term) in excess of the aforesaid maximum shall be equal to zero; and (y) if the aggregate Discounted Contract Balance of all Delinquent Contracts (Medium Term) exceeds 1.50% of the aggregate Discounted Contract Balance of all Contracts, then the aggregate of the Discounted Contract Balance of those Delinquent Contracts (Medium Term) in excess of the aforesaid maximum shall be equal to zero.
View Source
Discounted Pool Balance. Means, as determined from time to time, the sum of (a) the Discounted Contract Balances of all Contracts and (b) the discounted Residual Receipts of all Contracts (assuming (1) such Residual Receipts are received six months from the end of the related Contract term, (2) the collection rate for Residual Receipts is equal to 30% of the Issuer’s related Booked Residual on the related residual payment date and (3) a discount rate of 5.50% per annum). In connection with all calculations required to be made pursuant to the Transaction Documents with respect to the determination of the Discounted Pool Balance on any determination date, the discounted Residual Receipts for each Contract shall be calculated assuming: (a) the Residual Receipts are discounted on a monthly basis using a 30-day month and a 360-day year and (b) the Residual Receipts are discounted to the last day of the Collection Period prior to the determination date.
View Source
Discounted Pool Balance. Means, as determined from time to time, the lesser of (x) the aggregate original equipment costs at origination of the Equipment relating to all Contracts and (y) the sum of (a) the Discounted Contract Balances of all Contracts and (b) the discounted Residual Receipts of all Contracts (assuming (1) such Residual Receipts are received six months from the end of the related Contract term, (2) the collection rate for Residual Receipts is equal to 30% of the Issuer’s related Booked Residual on the related residual payment date and (3) a discount rate of 6.25% per annum). In connection with all calculations required to be made pursuant to the Transaction Documents with respect to the determination of the Discounted Pool Balance on any determination date, the discounted residual receipts for each Contract shall be calculated assuming: (a) the residual receipts are discounted on a monthly basis using a 30-day month and a 360-day year and (b) the residual receipts are discounted to the last day of the Collection Period prior to the determination date.
View Source

Examples of Discounted Pool Balance in a sentence

  • The Equipment related to each Contract constitutes either “equipment” for purposes of section 9-102(33) of the UCC or “inventory” for purposes of section 9-102(48) of the UCC; provided, however, that notwithstanding the foregoing, Contracts representing an amount less than or equal to 5.0% of the Discounted Pool Balance may relate to Equipment that does not constitute “equipment” for purposes of section 9-102(33) of the UCC or “inventory” for purposes of section 9-102(48) of the UCC.

  • The Equipment related to each Contract constitutes either “equipment” for purposes of section 9-102(33) of the UCC or “inventory” for purposes of section 9-102(48) of the UCC; provided however, notwithstanding the foregoing, Contracts representing an amount less than or equal to 5.0% of the Discounted Pool Balance may relate to Equipment that does not constitute “equipment” for purposes of section 9-102(33) of the UCC or “inventory” for purposes of section 9-102(48) of the UCC.

  • The Equipment related to each Contract constitutes either “equipment” for purposes of Section 9‑102(33) of the UCC or “inventory” for purposes of Section 9‑102(48) of the UCC; provided however, notwithstanding the foregoing, Contracts representing an amount less than or equal to 5.0% of the Discounted Pool Balance may relate to Equipment that does not constitute “equipment” for purposes of Section 9‑102(33) of the UCC or “inventory” for purposes of Section 9‑102(48) of the UCC.