Component definition
Examples of Component in a sentence
If all or any portion of the Whole Loan is modified, the Net Component Rate shall not change for purposes of distributions on the Certificates or the RR Interest.
The Participant must also make available on or before the Contractual Settlement Date, by means satisfactory to the Fund, immediately available or same day funds estimated by the Fund to be sufficient to pay any applicable Cash Component next determined after acceptance of the Order, together with the applicable purchase transaction fees, related to an Order.
The cash collateral buffer would be added to the Cash Component of the basket.
In the case of a partial or full cash purchase or where the cash equivalent value of one or more Deposit Securities is being deposited in lieu of such Deposit Security, the Participant must pay the cash equivalent of the Deposit Securities it would otherwise be required to provide through an in-kind purchase, plus the same Cash Component required to be paid by an in-kind purchaser.
The “Contractual Settlement Date” is the earlier of: (i) the date upon which all of the required securities, any Cash Component and any other cash amounts which may be due are delivered to the Fund; and (ii) the settlement date of the Creation Unit.