Component Notional Amount definition

Component Notional Amount. Not applicable.

Component Notional Amount. With respect to each Component and any date of determination, an amount equal to the Lower-Tier Principal Balance of the Corresponding Lower-Tier Regular Interest for that Component.

Component Notional Amount. The notional amount on which any REMIC III Component of any Class of Interest Only Certificates accrues interest, which, as of any date of determination, is equal to the then-current Uncertificated Principal Balance of such REMIC III Component’s Corresponding REMIC II Regular Interest.

Examples of Component Notional Amount in a sentence

• The Component Notional Amount of each REMIC III Component of the Class X-B Certificates is, as of any date of determination, equal to the then current Uncertificated Principal Balance of the REMIC II Regular Interest that is the Corresponding REMIC II Regular Interest for such REMIC III Component.

• For purposes of accruing interest, however, each REMIC III Component of the Class X-A Certificates and each REMIC III Component of the Class X-B Certificates shall have a Component Notional Amount.

• The Component Notional Amount of each REMIC III Component of the Class X-A Certificates is, as of any date of determination, equal to the then current Uncertificated Principal Balance of the REMIC II Regular Interest that is the Corresponding REMIC II Regular Interest for such REMIC III Component.

• Interest will accrue on each Component on its Component Notional Amount as of any Distribution Date at a per annum rate equal to 5.500%.

• Interest will accrue on each Component on its Component Notional Amount as of any Distribution Date at a per annum rate equal to 6.000%.

More Definitions of Component Notional Amount

Component Notional Amount. With respect to each Component and any date of determination, an amount equal to the then REMIC I Principal Balance of its Corresponding REMIC I Regular Interest.

Component Notional Amount. With respect to the A-IO(1) Component and the A-IO(2) Component of the Class A-IO Certificates and any Distribution Date, a notional amount which will be calculated as follows:

Component Notional Amount. As of any Distribution Date, any of the Class 1-30-IO Notional Amount, Class 2-30-IO Notional Amount, Class 3-15-IO Notional Amount, Class 4-15-IO Notional Amount, Class 1-SES Notional Amount, Class 2-SES Notional Amount, Class 3-SES Notional Amount or Class 4-SES Notional Amount.

Component Notional Amount. As of any Distribution Date, any of the Class 1-SES Notional Amount, Class 2-SES Notional Amount or Class 3-SES Notional Amount.

Component Notional Amount. As of any Distribution Date, either of the Class 1-30-IO Notional Amount or Class 2-30-IO Notional Amount.

Component Notional Amount. With respect to each Component and any date of determination, an amount equal to the then Lower-Tier Principal Amount of its Related Uncertificated Lower-Tier Interest.

Component Notional Amount. As of any Distribution Date, any of the Class 1-CB-IO Notional Amount, Class 2-CB-IO Notional Amount and Class 3-CB-IO Notional Amount.