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.

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Discounted Receivables Balance means, in respect of a 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.

Examples of Discounted Receivables Balance in a sentence

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.
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 to by the Issuer to cure any Aggregate Discounted Receivables Balance Shortfall by purchasing Additional Receivables at the New Discount Rate from the Seller.
The balance standing to the credit of the Collateral RV Ledger shall be used on the first to occur of (i) the latest occurring Final Maturity Date of any Series of Notes or (ii) the date on which the Aggregate Discounted Receivables Balance has been reduced to zero, to make payment of the amounts due and payable under items ninth, tenth, twelfth, thirteenth and fourteenth of the Order of Priority set out in clause 20.3(a) (Order of Priority).
On each Settlement Date prior to September 17, 2003, as full compensation for its servicing activities under Section 3.02(b) hereof and under the ING Purchase Agreement, the Back-up Servicer shall be entitled to receive a fee (the “Back-up Servicing Fee”) in an amount equal to 0.04% times the Discounted Receivables Balance as of the last day of the prior calendar month times one twelfth.
If such lawsuits or Adverse Claims are decided in such a way as to encumber a Receivable or adversely affect the Purchaser’s rights in such Receivable, the Seller shall be required to repurchase such Receivable for an amount equal to the sum of the Discounted Receivables Balance plus any past-due Scheduled Payments then due on such Receivable, as if such Scheduled Payments were due on the date of such repurchase.

More Definitions of Discounted Receivables Balance

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.

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, 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, at any time with respect to any Receivable, the sum of (i) the discounted present values of the remaining Scheduled Payments 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, as of any date of determination, the aggregate of the Discounted Values for all Purchased Receivables.