Component B definition
Examples of Component B in a sentence
Appraisal Reduction Amounts allocated to each Note shall be allocated to the related Components in the following order: (i) in the case of any A Note, Component D-1, Component C, Component B and Component A, until the principal balance of the affected Component has been notionally reduced to zero, and (ii) in the case of any B Note, to Component HRR, Component F, Component E and Component D-2, until the principal balance of the affected Component has been notionally reduced to zero.
For purposes of calculating interest and other amounts payable on the Whole Loan, each Note was divided into components (each a “Component” and, collectively the “Components”) as follows: Component A, Component B, Component C, Component D, Component E, Component F and Component HRR.