CLASS M-2 COMPONENT definition
CLASS M-2 COMPONENT means a component of the beneficial interest in REMIC III evidenced by the Class M Certificates, which component represents a Certificate Balance equal to the Certificate Balance of the REMIC II Regular Interest M-2.
CLASS M-2 COMPONENT. The component portion of the Class M Certificates designated as the "Class M-2 Component" and having an initial Component Principal Balance equal to $23,625,000. The Class M-2 Component will not be transferable separately from the other Class M Components except upon the occurrence of a Separation Event, at which time the Class M-2 Component will be issued as a Class M-2 Certificate.
CLASS M-2 COMPONENT. The portion of a Class M Note primarily supported by the Group 2 Mortgage Loans.