Accrual Component definition
Examples of Accrual Component in a sentence
Prior to the applicable Accretion Termination Date, the interest on the Class A-8 Accrual Component otherwise available for distribution on this Certificate will be added to the Component Principal Balance of such Component on each Distribution Date.
Any such loss allocated to the Class A Certificates shall be allocated on the subsequent Determination Date among the outstanding Classes of Class A Certificates (other than the Class A-8, Class A-20 and Class A-PO Certificates), the Class A-8 Accrual Component and the Class A-20 Components in accordance with the Class A Loss Percentages as of such Determination Date.
Prior to the applicable Accretion Termination Date, the interest on the Class A-6 Scheduled Accrual Component otherwise available for distribution on this Certificate will be added to the Component Principal Balance of such Component on each Distribution Date.
Interest with respect to each Component will accrue during each month in an amount equal to the product of (i) 1/12th of the Component Rate for such Component and (ii) the outstanding Principal Balance in the case of the Class A-6 PAC Component and the Class A-6 Scheduled Accrual Component or the outstanding notional amount in the case of the Class A-6 IO A Component and Class A-6 IO B Component.
Prior to the applicable Accretion Termination Date, the interest accrued on the Class A-8 Accrual Component will not be distributed as interest on this Certificate.