Examples of Mortgage Component in a sentence
Mortgage loans held by the Single-Family Mortgage Component of the Agency have stated interest rates and are secured by first liens on the related real property.
Each of the aggregate values for the Cash Component and the Mortgage Component shall in turn be aggregated for each Valuation Date during a Fee Period and then each of such resulting aggregates shall be averaged by being divided by the number of Valuation Dates during the Fee Period.
Based on the foregoing, the Manager shall determine the aggregate value for all Funds of each of the Mortgage Component and the Cash Component on each Valuation Date.
The Manager's Fee for the Mortgage Component and the Cash Component shall be calculated for the purposes of this paragraph 4 in bands based on the above sliding scales.
The amount of the Manager's Fee for the Cash Component and the Mortgage Component for each Fee Period shall then be apportioned to each Fund pro rata and shall be payable by the Trustee as trustee of each Fund in arrears on each Fee Payment Date to the Manager.