Discounted Receivables Balance definition

Discounted Receivables Balance means, in respect of a Purchased Receivable, its scheduled cash flow (including amounts of Principal and Interest that are overdue) discounted as at the relevant date by applying the Discount Rate. For the avoidance of doubt, the Discounted Receivables Balance excludes any Written-Off Purchased Receivable.

Discounted Receivables Balance means, regarding a Loan Receivable, the outstanding instalments of principal and interest pending payment, including matured and unpaid amounts, discounted at the end of any Monthly Period at the Discount Rate (as described with more detail in section 3.3.3 of the Additional Building Block), on the basis of a 360-day year, which equals 12 months of 30 days each. For the avoidance of doubt, the Discounted Receivables Balance excludes any Write-offs.

Discounted Receivables Balance means, in respect of each Purchased Receivable, its scheduled cashflow (including amounts of overdue Principal and Interest under the relevant Financing Contract) discounted as of the relevant date at the Discount Rate on the basis of one year having 360 days, with 12 months and each month having 30 days. For the avoidance of doubt, the Discounted Receivables Balance shall exclude a Purchased Receivable which becomes a Written-Off Purchased Receivable.

Examples of Discounted Receivables Balance in a sentence

• The Interest Compensation Amount shall be calculated on each Payment Date as the product of (a) the Interest Compensation Rate divided by 12, and (b) the Future Discounted Receivables Balance.

• 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.

• For the avoidance of doubt, the Discounted Receivables Balance excludes any Write-offs.

• Accordingly, it must be noted that, in respect of the Fund, the performance of the portfolio of Loan Receivables transferred to the Fund derives from the Discount Rate (used for calculation of the Discounted Receivables Balance transferred to the Fund as well as for determination of their Purchase Price) and not the nominal interest rate agreed with the Borrowers at the time of origination of the Loans.

• For the indicated effects, it is stated that: • "Aggregate Discounted Receivables Balance" means the sum of the Discounted Receivables Balance of all the assigned Loan Receivables.

More Definitions of Discounted Receivables Balance

Discounted Receivables Balance means, as of any date of determination, the aggregate of the Discounted Values for all Receivables or Pledged Receivables, as the case may be.

Discounted Receivables Balance means, in respect of a Purchased Receivable, its scheduled cash flow (including amounts of Principal and interest that are overdue) discounted as at the relevant date by applying the Discount Rate. For the avoidance of doubt, the Discounted Receivables Balance excludes any Written-Off Purchased Receivable.

Discounted Receivables Balance means, with respect to any Receivable at any time, the present value at such time of the Scheduled Payments (net of the Split Payment obligations associated therewith) included as a Receivable discounted at the applicable Discount Rate.

Discounted Receivables Balance means, regarding a Loan Receivable, the outstanding instalments of principal and interest pending payment, including matured and unpaid amounts, discounted at the end of any Monthly Period at the Discount Rate (as described with more detail in section 3.3.3 of the Additional Building Block), on the basis of a 360-

Discounted Receivables Balance means, at any time with respect to any Receivable, the sum of (i) the discounted present values of the remaining "Scheduled Payments" (as defined in the Indenture) due under such Receivable at such time discounted at the Purchase Discount Rate and (ii) the principal amount of any past due Scheduled Payments outstanding on such Receivable at such time.

Discounted Receivables Balance means at any time with respect to any Receivable, the sum of the products obtained by multiplying (i) the amount of each remaining Eligible Life Contingent Payment payable under such Receivable (net of the Split Payment obligations associated therewith), (ii) the Survival Probability relating to each such Eligible Life Contingent Payment and (iii) the Discount Factor relating to each such Eligible Life Contingent Payment. [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Discounted Receivables Balance means at any time with respect to any Receivable, the sum of the products obtained by multiplying (i) each remaining Eligible Life Contingent Payment payable under such Receivable (net of the Split Payment obligations associated therewith), (ii) the Survival Probability relating to such Eligible Life Contingent Payment and (iii) the Discount Factor relating to such Eligible Life Contingent Payment.