PO-2 Component definition

PO-2 Component. The Principal-Only Component of the Class PO Certificates that relates to the Group 2 Mortgage Loans.
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Examples of PO-2 Component in a sentence

  • On each Distribution Date, we will pay the Kroup 2 PO Principal Distribution Amount as principal of the PO-2 Component, until its principal balance is reduced to zero.

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

Related to PO-2 Component

  • Class C Component The Component having such designation.

  • Class A-2 Component The Component having such designation.

  • Class D Component The Component having such designation.

  • Class A-1 Component The Component having such designation.

  • Class B Component The Component having such designation.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Class E Component The Component having such designation.

  • Accrual Components As specified in the Preliminary Statement.

  • Corresponding Component As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Cash Component means that portion, if any, of the Conversion Shares Offer Consideration consisting of cash.

  • Facility component means any part of a facility, including equipment.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Bearing components means the bearing element, retainer, inner race, or outer race.

  • Structural component means a component that supports non-variable forces or weights (dead loads) and variable forces or weights (live loads).

  • Blood component means that part of blood separated by physical or mechanical means.