Companion Component definition

Companion Component means, for each respective Distribution Date, the difference between the Certificate Balance and the PAC Component.
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Companion Component. Either the Pool 1 Companion Component or the Pool 2 Companion Component, as applicable.
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Companion Component shall have the meaning specified in Section 8.11 hereof
Sample 1

Examples of Companion Component in a sentence

  • Amounts otherwise payable with respect to the Pool 1 REMIC Companion Component will be treated as used to make payments in respect of the interest rate cap contracts written in favor of the holders of the Class A-1 Certificates before amounts payable with respect to the Pool 1 REMIC NAS Component are so treated.

  • Amounts paid to the Class A-1 Certificates on any Distribution Date pursuant to the proviso in this clause (b) shall reduce amounts otherwise payable on such Distribution Date in respect of the Pool 1 Companion Component before reducing any amounts otherwise payable to the Pool 1 NAS Component.

  • Amounts paid to the Class A-2 Certificates on any Distribution Date pursuant to the proviso in clause (a)(i)(B) above shall reduce amounts otherwise payable on such Distribution Date in respect of the Pool 2 Companion Component before reducing any amounts otherwise payable to the Pool 2 NAS Component.

  • Amounts paid to the Class A-2 Certificates on any Distribution Date pursuant to the proviso in this clause (b) shall reduce amounts otherwise payable on such Distribution Date in respect of the Pool 2 Companion Component before reducing any amounts otherwise payable to the Pool 2 NAS Component.

  • If the amount of Available Funds (together with amounts withdrawn from the Spread Account) are not sufficient on any Payment Date to pay the required payment of Class A Monthly Principal to the Class A Noteholders in full on any Payment Date at any time after the occurrence and during the continuance of an Insurer Default, any shortfall in the principal payments on the Class A Notes will be allocated to reduce the PAC Component and the Companion Component on a pro rata basis.

  • Amounts paid to the Class A-1 Certificates on any Distribution Date pursuant to the proviso in clause (a)(i)(A) above shall reduce amounts otherwise payable on such Distribution Date in respect of the Pool 1 Companion Component before reducing any amounts otherwise payable to the Pool 1 NAS Component.

  • Prior to the Class A-7 Group I Accrual Companion Component Accretion Termination Date, no distribution of interest on this Certificate with respect to its Class A-7 Group I Accrual Companion Component will be made.

  • Currently, seawater desalination is not a cost-effective option as it is still cheaper to import water from northern California and the Colorado River.

  • The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall and the interest portion of certain Realized Losses allocated to the Class A-7 Certificates with respect to their Class A-7 Group I Accrual Companion Component and Class A-7 Group II Accrual Companion Component.

  • In addition the staff work events such as team building and other activities as needed.


More Definitions of Companion Component

Companion Component means, for each Distribution Date, the difference between (i) the Pool Balance and (ii) the PAC Component.
Sample 1
Companion Component. The Component of the Class X-2 Certificates related to the Pool 1 Mortgage Loans.
Sample 1

Related to Companion Component

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

  • 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 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.

  • 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 D Component The Component having such designation.

  • stacked townhouse means a building, other than a townhouse or apartment building, containing at least 3 dwelling units, each dwelling unit being separated from the other vertically and/or horizontally, and each dwelling unit having an entrance to grade shared with no more than 3 other units;

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

  • Service Component means certain enabling Software, hardware peripherals and associated documentation which may be separately provided by Symantec as an incidental part of a Service.

  • S&P CDO Monitor Test A test that will be satisfied on any date of determination (following receipt, at any time on or after the S&P CDO Monitor Election Date, by the Issuer and the Collateral Administrator of the Class Break-even Default Rates for each S&P CDO Monitor input file (in accordance with the definition of “Class Break-even Default Rate”)) if, after giving effect to a proposed sale or purchase of an additional Collateral Obligation, the Class Default Differential of the Highest Ranking Class of the Proposed Portfolio is positive. The S&P CDO Monitor Test will be considered to be improved if the Class Default Differential of the Proposed Portfolio that is not positive is greater than the corresponding Class Default Differential of the Current Portfolio.

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

  • 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.

  • Assisted amusement device means an amusement device, skill device, or ride

  • Modular building manufacturer means a person or corporation who owns or operates a

  • Original component manufacturer means an organization that designs and/or engineers a part and is entitled to any intellectual property rights to that part.

  • Class B Component The Component having such designation.

  • SPE Component Entity shall have the meaning set forth in Section 5.1 hereof.

  • Third Party Components means software and interfaces, licensed by RIM from a third party for incorporation into a RIM software product, or for incorporation into firmware in the case of RIM hardware products, and distributed as an integral part of that RIM product under a RIM brand, but shall not include Third Party Software.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

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

  • Class E Component The Component having such designation.

  • Basket Componenti means the respective share as specified in § 1 of the Product and Underlying Data.

  • Cannabis testing facility means an entity registered by

  • Class C Component The Component having such designation.

  • Nontraditional mortgage product means any mortgage product other than a 30-year fixed rate mortgage.

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

  • House dust mite product means a product whose label, packaging, or accompanying literature states that the product is suitable for use against house dust mites, but does not indicate that the product is suitable for use against ants, cockroaches, or other household crawling arthropods.