Common use of Component Factor Clause in Contracts

Component Factor. As to any date of determination and any Component (other than any Interest Only Component), a fraction, the numerator of which is (i) the original Component Balance of such Component plus, in the case of each Accrual Component, all interest that has accrued on such Component prior to such date of determination and been added to the Component Balance thereof, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination, and the denominator of which is the original Component Balance of such Component. As to any date of determination and any Interest Only Component, a fraction the numerator of which is (i) the percentage specified in the related Prospectus Supplement for such Interest Only Component multiplied by (ii) the then current Class Balance of the Class (or, if applicable, the Component Balance of the Component or the principal balance of the Mortgage-Backed Security) from which the Component Balance of such Interest Only Component is derived as specified in the related Prospectus Supplement (or, if more than one percentage and Class (or Component or Mortgage-Backed Security) is so specified, the sum of the products described in this sentence) and the denominator of which is the original Component Balance of such Interest Only Component.