Component II definition

Component II. The component certificate that represents the interest of the Owners of the Class A-7 Certificates in Group II which is a regular interest in the Upper-Tier REMIC that together with Component I comprises the Class A-7 Certificates.
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Examples of Component II in a sentence

  • Students who transfer 30 credits of liberal arts and sciences with at least two courses each of UC’s three categories of Component II Core, including one lab science course, will be exempt from Component II Core.

  • The REMIC II Regular Interests shall be designated as the "regular interests" and Component II of the Class R Certificates shall be designated as the sole Class of "residual interests" in REMIC II.

  • Students who transfer 30 credits of liberal arts and sciences with at least two courses in each of UC’s three categories of Component II core, including one lab science course, will be exempt from Component II Core.

  • The Class A, Class M and Class B Certificates, will be "regular interests" in REMIC II, and Component II of the Class R Certificates will be the sole class of "residual interests" therein for purposes of the REMIC Provisions (as defined herein) under federal income tax law.

  • The REMIC II Regular Interests shall be designated as the "regular interests" and Component II of the Class R Certificates shall be designated as the sole Class of "residual interests" in the REMIC II.

  • Component II of the Class R Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law.

  • The REMIC II Regular Interests will be "regular interests" in REMIC II and Component II of the Class R-1 Certificates will be the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under the federal income tax law.

  • In Component II, employees who are hired without appointment, as substitutes on a day-to-day basis to cover a teachers absence.

  • Component II of the Class R-1 Certificates will not bear interest or have a Certificate Principal Balance.

  • REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." Component II of the Class R-1 Certificates will represent the sole Class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law.

Related to Component II

  • Component Interest Rate Not applicable.

  • Component Balance With respect to any Component and any Distribution Date, the Initial Component Balance thereof on the Closing Date, (A) plus any increase in the Component Balance of such Component pursuant to Section 4.02 due to the receipt of Subsequent Recoveries, (B) minus the sum of all amounts applied in reduction of the principal balance of such Component and Realized Losses allocated thereto on previous Distribution Dates.

  • Subordinate Component Balance For any of Loan Group I, Loan Group II, Loan Group III, Loan Group IV or Loan Group V, as of any date of determination, the then outstanding aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group minus the sum of the then outstanding aggregate Class Principal Balance of the related Classes of Class A Certificates.

  • Class C Component The Component having such designation.

  • Class D Component The Component having such designation.