Examples of Component Principal Balance in a sentence
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The designation, the initial Component Principal Balance and the Component Rate set forth below.
Any such increase shall be applied pro rata to the Certificate Balance, Component Balance, Component Principal Balance, or Note Principal Balance of each Certificate or Note of each class.
If no such report has been delivered within 120 days of (x) the date on which the default occurred under the Mortgage Loan Documents which default gave rise to the current Event of Default or (y) the commencement of an Amortization Period, the Servicer will be required to implement an estimated Value Reduction Amount of 25% of the aggregate Component Principal Balance of all Components of the Mortgage Loan until such report has been delivered and the actual Value Reduction Amount determined.
Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class.