Component definition
Examples of Component in a sentence
The portion of the Cash Component and the Share Component allocated to each of the Company and Sponsor pursuant to this Section 7.2(a)(ii) shall be referred to herein as such party’s “Allocated Cash Component” and “Allocated Share Component” (as applicable).
Any Equity Securities received by the SPAC Underwriter in satisfaction of the Share Component shall be subject to customary lock-up provisions and shall be held by the SPAC Underwriter in compliance with applicable securities Laws and the rules of the applicable stock exchange.
Any realized losses (including reductions by a bankruptcy court) applied to reduce the principal balance of the Mortgage Loan (and correspondingly any Note) shall be reimbursed to the Notes in Sequential Order and to the corresponding Components of such Note in Component Sequential Order after all amounts of interest and principal have otherwise been paid in full on such Note.
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.
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.