Examples of Aggregate Discounted Receivables Balance in a sentence
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 indicated effects, it is stated that: • "Aggregate Discounted Receivables Balance" means the sum of the Discounted Receivables Balance of all the assigned Loan Receivables.
Clean-Up Call After expiration of the Revolving Period, the Seller may at its option (but without any obligation to do so) exercise the Clean-Up Call Option and terminate all (but not only part of the) Hire Purchase Contracts and repay all Issuer Advances on any Payment Date on which the Aggregate Discounted Receivables Balance is less than 10 (ten) per cent.
The risk for the Class A Noteholders that they will not receive the amount due to them under the Class A Notes as stated in this Offering Circular is addressed by the credit support provided by the General Cash Collateral Amount, by the subordination of the Class B Notes and the Subordinated Loan to the Class A Notes and by the excess of the Aggregate Discounted Receivables Balance over the sum of the total principal amounts of the Class A Notes, the Class B Note and the Subordinated Loan.
The applicable overcollateralisation objective shall in turn be an amount to be determined in each case and shall be based on criteria which include applying the percentages of overcollateralisation to the Aggregate 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.
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.
Clean-up Call Under the Receivables Purchase Agreement, VWFS Australia willhave the option to exercise a clean-up call and to offer that all (but not only some) of the outstanding Purchased Receivables be extinguished (“Clean-up Call”) at any time after the expiration of the Revolving Period when the Aggregate Discounted Receivables Balance is less than 10 per cent.
See “ENHANCEMENT OF FUTURE CASHFLOW FROMPURCHASED RECEIVABLES - Interest Compensation Event” for further details.Clean-up Call Under the Receivables Purchase Agreement, VWFS Australia willhave the option to exercise a clean-up call and to offer that all (but not only some) of the outstanding Purchased Receivables be extinguished (“ Clean-up Call”) at any time when the Aggregate Discounted Receivables Balance is less than 10 per cent.
The price for the sale of all the Loan Receivables shall not be less than the Aggregate Discounted Receivables Balance on the date of execution of the relevant assignment agreement, including interest accrued until such date; however, in case such amount is not reached, the Management Company will be required to accept the best offer received for the assets by such entities.