COMPONENT INTEREST definition

COMPONENT INTEREST means any of the fourteen component "regular interests" (within the meaning of the REMIC Provisions) comprising the Class X Certificates, each of which relates to a separate Class of REMIC II Regular Interest and bears interest at the Component Interest Rate for such Class on a notional amount equal to the Uncertificated Principal Balance of the Class of REMIC II Regular Interests related to such Class (its "Component Notional Amount"). The Component Interests are designated as Class A-1X, Class A-2X, Class BX, Class CX, Class DX, Class EX, Class FX, Class GX, Class HX, Class JX, Class KX, Class LX, Class MX, Class NX which interests relate to REMIC II Regular Interest A-1, A-2, B, C, D, E, F, G, H, J, K, L, M and N, respectively.
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COMPONENT INTEREST means either a (a) senior or pari passu Participation Interest in a Commercial Mortgage Loan that is evidenced by a Participation Certificate; (b) a junior Participation Interest in a Commercial Mortgage Loan that is evidenced by a Participation Certificate (provided that the respective senior Participation Interest with respect thereto is a Purchased Asset) or (c) senior or pari passu “A” note in an “A/B”, “A-1/A-2” or similar structure in a performing Commercial Mortgage Loan.
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COMPONENT INTEREST means any of the fifteen component "regular interests" (within the meaning of the REMIC Provisions) comprising the Class X Certificates, each of which relates to a separate Class of REMIC II Regular Interests and bears interest at the Component Interest Rate for such Class on a notional amount equal to the Uncertificated Principal Balance of the Class of REMIC II Regular Interests related to such Class (its "COMPONENT NOTIONAL AMOUNT"). The Component Interests are designated as Class A-1X, Class A-2X, Class BX, Class CX, Class DX, Class EX, Class FX, Class GX, Class HX, Class JX, Class KX, Class LX, Class MX, Class NX and Class OX, which interests relate to REMIC II Regular Interests A-1, A-2, B, C, D, E, F, G, H, J, K, L, M, N and O, respectively.
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Examples of COMPONENT INTEREST in a sentence

  • Interest shall accrue beginning the first London Business Day after the day that an affiliate of Holdings sells the securities or other property used to hedge Holdings' obligations under the Securities until the Stated Maturity (the "M&A SALE COMPONENT INTEREST ACCRUAL PERIOD").

  • Interest shall accrue beginning the first London Business Day after the day that holders are entitled to receive the cash consideration until the Stated Maturity (the "M&A CASH COMPONENT INTEREST ACCRUAL PERIOD").

  • Interest shall accrue beginning the first London Business Day after the day that an affiliate of Holdings sells the securities or other property used to hedge Holdings' obligations under the Securities until the Stated Maturity (the "EXTRAORDINARY SALE COMPONENT INTEREST ACCRUAL PERIOD").

  • Interest shall accrue on the Extraordinary Cash Component beginning the first London Business Day after the day that holders are entitled to receive the Extraordinary Cash Component until the Stated Maturity (the "EXTRAORDINARY CASH COMPONENT INTEREST ACCRUAL PERIOD").


More Definitions of COMPONENT INTEREST

COMPONENT INTEREST. RATE: Not applicable.
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