Class P Components definition

Class P Components. Any of the Class P Components of the Class 12-A3, Class 12-A6, Class 12-A7 or Class 12-A8 Certificates.
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Class P Components. Any of the Class P Components of the Class 2-A2 or Class 3-A2 Certificates.
Sample 1

Examples of Class P Components in a sentence

  • Each Underlying REMIC Certificate and each Certificate (other than the Exchange and Exchangeable Certificates, the Class P Components, the Class LT-R or Class R Certificate, and exclusive of the right to receive any FPD Premiums in the case of the Class 1-A2 Certificates), represents ownership of one or more regular interests in REMIC III for purposes of the REMIC Provisions.

  • It is the intent of the parties hereto that the segregated pool of assets consisting of any collections in respect of the amounts payable to the Class P Components (other than in the case of the Class 12-A3 and Class 12-A8 Certificates) constitutes, for federal income tax purposes, a grantor trust as described in Subpart E of Part I of Subchapter J of the Code and Treasury Regulation §301.7701-4(c)(2) and a widely held mortgage trust within the meaning of Treasury Regulation 1.671-5(b)(23).

  • It is the intent of the parties hereto that the segregated pool of assets consisting of any collections in respect of the amounts payable to the Class P Components (other than in the case of the Class 3-A8 and Class 3-A9 Certificates) constitutes, for federal income tax purposes, a grantor trust as described in Subpart E of Part I of Subchapter J of the Code and Treasury Regulation §301.7701-4(c)(2) and a widely held mortgage trust within the meaning of Treasury Regulation 1.671-5(b)(23).

  • The Trustee (or the Paying Agent on behalf of the Trustee) shall make the distributions pursuant to this Section 5.06 in respect of the Class P Components of the Class 1-A9 and Class 1-A10 Certificates until the earlier to occur of (1) the termination of the trust fund to which the Designated Mortgage Loans were conveyed or (2) the Final Scheduled Distribution Date.

  • Each Underlying REMIC Certificate and each Certificate (other than the Exchange and Exchangeable Certificates, the Class X, Class LT-R and Class R Certificates, the Class P Components of the Class 1-A9 and Class 1-A10 Certificates, and exclusive of the right to receive any FPD Premiums in the case of the Class 1-A5 Certificates) represents ownership of one or more regular interests in REMIC III for purposes of the REMIC Provisions.

  • It is the intent of the parties hereto that the segregated pool of assets consisting of any collections in respect of the amounts payable to the Class P Components (other than in the case of the Class 1-A9 and Class 1-A10 Certificates) constitutes, for federal income tax purposes, a grantor trust as described in Subpart E of Part I of Subchapter J of the Code and Treasury Regulation §301.7701-4(c)(2).

  • The Trustee (or the Paying Agent on behalf of the Trustee) shall make the distributions pursuant to this Section 5.06 in respect of the Class P Components of the Class 12-A3 and Class 12-A8 Certificates until the earlier to occur of (1) the termination of the trust fund to which the Designated Mortgage Loans were conveyed or (2) the final scheduled maturity date relating to such trust fund, which is the distribution date in June 2037.

  • The Trustee (or the Paying Agent on behalf of the Trustee) shall make the distributions pursuant to this Section 5.06 in respect of the Class P Components of the Class 3-A6 and Class 3-A7 Certificates until the earlier to occur of (1) the termination of the trust fund to which the Designated Mortgage Loans were conveyed or (2) the final scheduled maturity date relating to such trust fund, which is the distribution date in May 2037.

  • Each Underlying REMIC Certificate and each Certificate (other than the Exchange and Exchangeable Certificates, the Class P Components of the Class 3-A4, Class 3-A5, Class 3-A6 and Class 3-A7 Certificates, and the Class LT-R and Class R Certificates, and exclusive of the right to receive any FPD Premiums in the case of the Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8 and Class 3-A2 Certificates), represents ownership of one or more regular interests in REMIC III for purposes of the REMIC Provisions.

  • Each Underlying REMIC Certificate and each Certificate (other than the Exchange and Exchangeable Certificates, the Class P Components of the Class 12-A3 and Class 12-A8 Certificates, the Class P, Class X, Class LT-R and Class R Certificates, and exclusive of the right to receive any FPD Premiums in the case of the Class 2-A2, Class 8-A2 and Class 12-A2 Certificates), represents ownership of one or more regular interests in the Upper Tier REMIC for purposes of the REMIC Provisions.

Related to Class P Components

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

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

  • Class B Component The Component having such designation.

  • Class C Component The Component having such designation.

  • Class D Component The Component having such designation.

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

  • Class A-4 Component The Component having such designation.

  • Class A-3 Component The Component having such designation.

  • Components means articles, materials, and supplies incorporated directly into end products at any level of manufacture, fabrication, or assembly by the Contractor or any subcontractor.

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

  • Class P designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class size means the maximum number of students who can receive instruction together in a special class or resource room program and the number of teachers and supplementary school personnel assigned to the class.

  • Basket Componenti means the respective share as specified in § 1 of the Product and Underlying Data. "Calculation Agent" means the Calculation Agent as specified in § 2 (2) of the General Conditions.

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

  • Removed Components means components of the Project or portions thereof which the Company or any Sponsor Affiliate in its sole discretion, elects to remove from the Project pursuant to Section 4.04 hereof or as a result of any Condemnation Event.

  • Class E 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.

  • CLASS Features means certain CCIS-based features available to Customers, including: Automatic Call Back; Caller Identification and related blocking features; Distinctive Ringing/Call Waiting; Selective Call Forward; and Selective Call Rejection.

  • Class P Certificates All Certificates bearing the class designation of "Class P".

  • 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.

  • Class-I local supplier means a supplier or service provider, whose goods, services or works offered for procurement, has local content equal to or more than 50%, as defined under said Order.

  • Accrual Components As specified in the Preliminary Statement.

  • Class X-A Pass-Through Rate For any Distribution Date, the weighted average of Class X Strip Rates for the Class X-A Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Activated reserve components means members of the reserve component of the uniformed services who have received a notice of intent to deploy or mobilize under Title 10 of the United States Code, Title 32 of the United States Code, or state mobilization to active duty.

  • Class I area means a mandatory visibility protection area designated pursuant to section 169A of the federal Clean Air Act.

  • Class X-B Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-B Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).