Class P Component definition
Class P Component means a component of the beneficial interest in REMIC III evidenced by the Class P Certificates, which component represents a Component Notional Amount equal to the Certificate Balance of the REMIC II Regular Interest P.
Class P Component. With respect to the Class X Certificates, at any date of determination, that portion of the Notional Amount of the Class X Certificates equal to the Lower-Tier Principal Amount of the Class LP Uncertificated Interest.
Class P Component. With respect to the Class MX Uncertificated Interest, at any date of determination, that portion of the Class MX Notional Amount equal to the Uncertificated Principal Balance of the Class LP Uncertificated Interest, which corresponds to the Certificate Principal Balance of the Class P Certificates.
More Definitions of Class P Component
Class P Component. The meaning specified in Section 2.17(a) hereof.
Class P Component means a component of the Class X Certificates, which component represents a Component Notional Amount equal to the Certificate Balance of the REMIC II Regular Interest P.
Class P Component. One of the 64 Components of the Class X-C Certificates, having a Notional Amount equal to the Lower-Tier Principal Amount of the Class LP Uncertificated Lower-Tier Interest.