Component L definition

Component L. One of the twenty components of the Class A-X Certificates having a Component Notional Amount equal to the then current REMIC I Principal Amount of the Class LL Uncertificated Interest as of any date of determination.
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Examples of Component L in a sentence

  • Component L H Clear and proper working Political and Leader for tools, templates, meetings administrative implementation of with the RTA and PL, etc.

  • If the calculation of the Termination Cost that must be paid by the GCA to IBE based on this Appendix is a negative result because of the inclusion of material Liability Component (L), the net amount of the calculation shall be paid by the IBE to the GCA and such payments will relieve the IBE's obligations related to the compensation owed to the GCA under the Agreement.

Related to Component L

  • Component Interest Rate Not applicable.

  • Class D Component The Component having such designation.

  • Component Principal Balance As of any date of determination, either the PO-1 Component Principal Balance on such date or the PO-2 Component Principal Balance on such date as applicable.

  • Component Notional Amount Not applicable.

  • 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.