Component Interest Rate definition

Component Interest Rate. Not applicable.

Component Interest Rate. As set forth in the chart above.

Component Interest Rate. Not applicable. Component Principal Amount: Not applicable.

Examples of Component Interest Rate in a sentence

• The Component Interest Rate of the A3(1) and A3(2) Components is as set forth in the Preliminary Statement under the caption “REMIC 3”, footnote (4), following the table set forth therein.

• Except for the A2(1) Component and the A2(2) Component, the rate set forth in the chart under the definition of "Component." The Component Interest Rate for each of the A2(1) Component and the A2(2) Component for the initial Accrual Period will be an annual rate of 2.39%, and thereafter, will be an annual rate equal to the lesser of (1) LIBOR plus 0.55% and (2) 9.00%, subject to a minimum rate of 0.55%.

• Each Lender shall apply the balance of each such payment in the following order: (i) to any interest accrued at the applicable Default Rate, (ii) to the payment of accrued and unpaid interest at the Revolving Loan Component Interest Rate, and (iii) to the reduction of the principal balance of such Lender's outstanding Loans.

More Definitions of Component Interest Rate

Component Interest Rate. For each of the A-IO(1), A-IO(2) and A-IO(3) Components, 6.00% per annum.

Component Interest Rate. Any of the Pool 1 Component Interest Rate or the Pool 2 Component Interest Rate, as applicable.

Component Interest Rate. With respect to the X-A1 Component and any Distribution Date, the interest rate specified in the definition of X-A1 Component. With respect to the X-A2 Component and any Distribution Date, the interest rate specified in the definition of X-A2 Component. With respect to Component XB1 and any Distribution Date, the interest rate specified in the definition of Component XB1. With respect to Component XB2 and any Distribution Date, the interest rate specified in the definition of Component XB2. With respect to Component XB3 and any Distribution Date, the interest rate specified in the definition of Component XB3.

Component Interest Rate means, with respect to any Component Interest, the per annum rate equal to the excess of the REMIC II Remittance Rate for its related Class of REMIC II Regular Interest over the Pass-Through Rate for the Class of Certificates bearing the same alphabetical designation as such Component Interest's related Class of REMIC II Regular Interests.

Component Interest Rate. With respect to the A-IO(1) Component and (a) any Distribution Date up to and including the Distribution Date in October 2009, the lesser of (i) the applicable “A-IO(1) Component Interest Rate” for such Component set forth on Exhibit F hereto and (ii) the A-IO(1) Component Net Funds Cap for such Distribution Date and (b) any Distribution Date thereafter, zero. With respect to the A-IO(2) Component and (a) any Distribution Date up to and including the Distribution Date in October 2009, the lesser of (i) the applicable “A-IO(2) Component Interest Rate” for such Component set forth on Exhibit F hereto and (ii) the A-IO(2) Component Net Funds Cap for such Distribution Date and (b) any Distribution Date thereafter, zero.

Component Interest Rate. Not applicable. Component Notional Amount: Not applicable. Conventional Loan: Not applicable.

Component Interest Rate. With respect to the Pool 1 NAS Component, 1.00% per annum subject to a cap equal to the Pool 1 Net WAC. With respect to the Pool 1 Companion Component, the interest rate specified in the definition of Pool 1 Companion Component. With respect to the Pool 2 NAS Component, 1.00% per annum subject to a cap equal to the Pool 2 Net WAC. With respect to the Pool 2 Companion Component, the interest rate specified in the definition of Pool 2 Companion Component. With respect to Component XB1 and any Distribution Date, the interest rate specified in the definition of Component XB1. With respect to Component XB2 and any Distribution Date, the interest rate specified in the definition of Component XB2. With respect to Component XB3 and any Distribution Date, the interest rate specified in the definition of Component XB3.