Class X-1 Component definition
Class X-1 Component. As to the Class X-1 Certificates, any one of the Class X Components applicable to such Class set forth under the definition of "REMIC II Regular Interests".
Class X-1 Component. A component of the Class X Interest representing a ------------------- specified portion of the interest payments on the Class MTN1, Class MTN2 and Class MTN3 Interests and entitled to the Class X-1 Component Remittance Amount.
Class X-1 Component. The Class X-1 Group 1 Component, the Class X-1 Group 2 Component or the Class X-1 Group 4 Component, as applicable.
Examples of Class X-1 Component in a sentence
The Pass-Through Rate for the Class X-1 Component for the Interest Accrual Period for the first Distribution Date is 0.45419% per annum.
More Definitions of Class X-1 Component
Class X-1 Component. A regular interest in REMIC III that has a notional amount as of any date equal to the principal balance of the Class MT-1 Interest and bears interest at a rate equal to (i) the Group I Weighted Average Net Loan Rate minus (ii) the REMIC III Group I Interest Rate.