IO Component definition

IO Component. As defined in the Preliminary Statement.
IO Component. Each of the X-1 IO-1 Component, the X-1 IO-2 Component and the X-2 IO Component, as applicable.
IO Component. Any of the Class 1-IO Component and Class 2-IO Component.

Examples of IO Component in a sentence

  • Class X is comprised of an IO Component and Group Related PO components, and the Balance reflected for this Certificate is a Notional Amount.

  • Class A-X is comprised of an IO Component and Group Related PO components, and the Balance reflected for this Certificate is a Notional Amount.

  • The Class X IO Component will have a notional balance equal to the aggregate principal balance of the Mortgage Loans.

  • With respect to the Class X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 and X-2 PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

  • The Class 2IO3 Certificates consist of two components, the Group II IO Component and the Group III IO Component, each of which constitute a regular interest in the Upper REMIC.


More Definitions of IO Component

IO Component. Any of the Class 1-30-IO Component, the Class 2-30-IO Component and the Class 3-30-IO Component.
IO Component. The Interest-Only Component of the Class A-X Certificates.
IO Component. The Interest-Only Component.
IO Component. Each of the Class A-7 IO A Component, Class A-7 IO B Component and Class A-7 IO C Component.
IO Component. The Class A-X-IO-1 Component or the Class A-X-IO-2 Component. The IO Components will not have a Component Principal Balance or Class Principal Balance and are not entitled to any distributions in respect of principal, but will bear interest on their respective outstanding Component Notional Amounts. IRS: The Internal Revenue Service.
IO Component. The X-IO Component.
IO Component. Any of the IO-1, IO-2, IO-3 and IO-BB Components, as applicable.