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.
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.

  • Prior to the Class A-10 Group II Accrual Companion Component Accretion Termination Date, interest otherwise available for distribution on this Certificate with respect to its Class A-10 Group II Accrual Companion Component will be added to the Component Principal Balance of such Component on each Distribution Date.

  • Prior to the Class A-10 Group I Accrual Companion Component Accretion Termination Date, no distribution of interest on this Certificate with respect to its Class A-10 Group I Accrual Companion Component will be made.

  • 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-10 Certificates with respect to their Class A-10 Group I Accrual Companion Component and Class A-10 Group II Accrual Companion Component.

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

  • 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.

  • Prior to the Class A-7 Group II Accrual Companion Component Accretion Termination Date, interest otherwise available for distribution on this Certificate with respect to its Class A-7 Group II Accrual Companion Component will be added to the Component Principal Balance of such Component on each Distribution Date.

  • The amount of interest which accrues on the Class A-7 Certificates in any one-month period will equal the sum of the interest which accrues on the Class A-7 Group I Accrual Companion Component and the Group II Accrual Companion Component.

  • Prior to the Class A-10 Group II Accrual Companion Component Accretion Termination Date, no distribution of interest on this Certificate with respect to its Class A-10 Group II Accrual Companion Component will be made.

  • The amount of interest which accrues on the Class A-10 Certificates in any one-month period will equal the sum of the interest which accrues on the Class A-10 Group I Accrual Companion Component and the Group II Accrual Companion Component.


More Definitions of Companion Component

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

Related to Companion Component

  • 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.

  • 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.

  • 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.

  • 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.

  • Class C Component The Component having such designation.

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