Component definition

Component means an article, material, or supply incorporated directly into an end product.

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Component means an article, material, or supply incorporated directly into a construction material.

Component. As specified in the Preliminary Statement.

Examples of Component in a sentence

• Principal received on the International Plaza Mortgage Loan pursuant to the foregoing shall be applied to the Components sequentially to Component A and Component B, in that order, in each case until the outstanding principal balance of each such Component is reduced to zero.

• In the case of a cash creation only, by the end of day Eastern Standard Time (or such other time as the parties may agree) on Creation Trade Date, the Administrator will calculate and transmit the Required Cash Creation Total, consisting of (1) the Basket Cash Component, (2) Cash Amount, and (3) any Purchase Slippage, to the Authorized Participant, which the Authorized Participant shall be responsible for delivering in cash on Creation Settlement Date to the Trust’s account at the Cash Custodian.

• Interest received on the International Plaza Mortgage Loan pursuant to the foregoing shall be applied to the Components sequentially to Component A and Component B, in that order, in each case to pay all accrued and outstanding interest on the International Plaza Mortgage Loan.

• The Trust acknowledges that, if the actual cash sale price realized from selling SOL to the Liquidity Provider is above the Basket Cash Component, the Authorized Participant shall be entitled to retain the difference and the Required Cash Redemption Total shall be increased accordingly.

• The Required Cash Redemption Total consists of (1) Basket Cash Component, minus (2) the Cash Amount, and minus (3) any Redemption Slippage.

More Definitions of Component

Component means any item supplied to the Government as part of an end product or of another component.

Component means any article, material, or supply incorporated directly into construction material.

Component means an article, material, or supply incorporated directly into a construction material. “Construction material” means an article, material, or supply brought to the construction site by the Contractor or subcontractor for incorporation into the building or work. The term also includes an item brought to the site preassembled from articles, materials, or supplies. However, emergency life safety systems, such as emergency lighting, fire alarm, and audio evacuation systems, that are discrete systems incorporated into a public building or work and that are produced as complete systems, are evaluated as a single and distinct construction material regardless of when or how the individual parts or components of those systems are delivered to the construction site.

Component. X-H-2": One of the twenty-eight components of the Class XC Certificates and one of the twenty-three components of the Class XP Certificates having a Component Notional Amount equal to the then current REMIC I Principal Balance of REMIC I Regular Interest LH-2 as of any date of determination.

Component. With respect to the Class X-A Certificates, the Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component; with respect to the Class X-B Certificates, the Class B Component; and with respect to the Class X-D Certificates, the Class D Component.

Component means either the tank or ancillary equipment of a tank system.

Component means any article, material, or supply, whether manufactured or unmanufactured, directly incorporated into a product at the point of final assembly. In construction projects, materials delivered to the job site and incorporated directly into the improvement are components.