SPE Component Entity shall have the meaning set forth in Section 5.1 hereof.
Component Interest Rate Not applicable.
Component part means any part of a vehicle, other than a tire, having a component part number.
Component Balance With respect to any Component and any Distribution Date, the Initial Component Balance thereof on the Closing Date, (A) plus any increase in the Component Balance of such Component pursuant to Section 4.02 due to the receipt of Subsequent Recoveries, (B) minus the sum of all amounts applied in reduction of the principal balance of such Component and Realized Losses allocated thereto on previous Distribution Dates.
Class C Component The Component having such designation.