Notional Component definition

Notional Component. Any A-X1(I) or A-X1(II) Component of the Class A-X1 Certificates.
Sample 1Sample 2
Notional Component. Not applicable.
Sample 1Sample 2Sample 3
Notional Component. As specified in the Preliminary Statement.
Sample 1Sample 2Sample 3

Examples of Notional Component in a sentence

  • The ZB1 Component is a PAC/Accrual Component and the ZB2 Component is a Notional Component.

  • The application will utilise a combination of the Municipal Strategic Component (50%) and the Notional Component (40%) of the Gas Tax Funding, and 10% Municipal Funds, toward an Official Community Plan as required by the Municipal Government Act.

  • The V2 Component will be a Notional Component, will have no principal balance, and will bear interest at a rate of 6.5% per annum on its notional principal balance.

  • Figure 1: Notional Component Output Showing Digital Maturation GapIn Figures 1 & 2, an example of the Maturity Assessment output can be seen.

  • Each Notional Component, other than the portion deemed to represent the obligation to make payments in respect of Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls, is hereby designated as a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions.


More Definitions of Notional Component

Notional Component. With respect to each Class X-P Certificate, for federal income tax purposes, each Notional Component as provided in the definition of “Pass-Through Rate,” each of which has a notional amount equal to the Uncertificated Principal Balance of the REMIC 1 Regular Interest with the same designation.
Sample 1Sample 2
Notional Component. The A IO Component. ------------------ Obligor: Each obligor on a Debt Instrument. ------- Officer's Certificate: A certificate delivered to the Indenture Trustee --------------------- or the Issuer signed by the President or a Vice President of the Seller, the Servicer, the Transferor or the Issuer, in each case, as required by this Agreement.
Sample 1
Notional Component. Any of the AX(2), AX(3) or AX(4) Component of the Class AX Certificates. Offering Document: Either of the private placement memorandum dated January 28, 2003, relating to the Class B4, Class B5 and Class B6 Certificates, or the Prospectus.
Sample 1
Notional Component. Any of the AX(2) Component or AX(3) Component of the Class AX Certificates or the PAX(2) Component or PAX(3) Component of the Class PAX Certificates. Offering Document: Either of the private placement memorandum dated June 26, 2002 relating to the Class B4, Class B5 and Class B6 Certificates, or the Prospectus.
Sample 1
Notional Component. Any Class 1-A7C or Class 1-A7D Component.
Sample 1
Notional Component. Each of the AIO(1), AIO(2) and AIO(3) Components of the Class AIO Certificates. Offering Document: Either of the private placement memorandum dated March 4, 2002 relating to the Class B4, Class B5 and Class B6 Certificates, or the Prospectus.
Sample 1
Notional Component. The A10(2) Component.
Sample 1