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

• 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.

More Definitions of Discounted Receivables Balance

Discounted Receivables Balance means, as of any date of determination, the aggregate of the Discounted Values for all Purchased Receivables.

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 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.

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.