Component Interest Distribution Amount definition

Component Interest Distribution Amount. For any Distribution Date and each IO Component, the sum of (i) the Accrued Component Interest and (ii) any Component Unpaid Interest Shortfall for such Component. The PO Components are principal only Components and are not entitled to distributions of interest.

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Component Interest Distribution Amount. For any Distribution Date and each Class SES Component, the sum of (i) the Accrued Component Interest and (ii) any Component Unpaid Interest Shortfall for such Component. The Class A-PO Components are principal-only Components and are not entitled to distributions of interest.

Component Interest Distribution Amount. For any Distribution Date and each Class SES Component, the sum of (i) the Accrued Component Interest and (ii) any Component Unpaid Interest Shortfall for such Component.

Examples of Component Interest Distribution Amount in a sentence

• All distributions in respect of the Interest Distribution Amount for a Class or the Component Interest Distribution Amount for a Component will be applied first with respect to the amount payable pursuant to clause (i) of the definition of "Interest Distribution Amount," or "Component Interest Distribution Amount," as applicable, and second with respect to the amount payable pursuant to clause (ii) of such definitions.

• No Class of Certificates or Component will be entitled to any distributions with respect to the amount payable pursuant to clause (ii) of the definition of "Interest Distribution Amount" or clause (ii) of the definition of "Component Interest Distribution Amount" after its Class Certificate Balance or Notional Amount has been reduced to zero.

• All distributions in respect of the Interest Distribution Amount for a Class or the Component Interest Distribution Amount for an IO Component will be applied first with respect to the amount payable pursuant to clause (i) of the definition of "Interest Distribution Amount," or "Component Interest Distribution Amount," as applicable, and second with respect to the amount payable pursuant to clause (ii) of such definitions.

• All distributions in respect of the Interest Distribution Amount for a Class or the Component Interest Distribution Amount for a Component will be applied first with respect to the amount payable pursuant to clause (i) of the definition of "Interest Distribution Amount" or "Component Interest Distribution Amount," as applicable, and second with respect to the amount payable pursuant to clause (ii) of such definitions.

• No Class of Certificates or Components will be entitled to any distributions with respect to the amount payable pursuant to clause (ii) of the definition of "Interest Distribution Amount" or clause (ii) of the definition of "Component Interest Distribution Amount" after its Class Certificate Balance, Component Balance or Notional Amount, as the case may be, has been reduced to zero.

• All distributions in respect of the Interest Distribution Amount for a Class or the Component Interest Distribution Amount for a Non-PO Component will be applied first with respect to the amount payable pursuant to clause (i) of the definition of "Interest Distribution Amount," or "Component Interest Distribution Amount," as applicable, and second with respect to the amount payable pursuant to clause (ii) of such definitions.

• All distributions in respect of the Interest Distribution Amount for a Class or the Component Interest Distribution Amount for a Component shall be applied first with respect to the amount payable pursuant to clause (i) of the definition of "Interest Distribution Amount," or "Component Interest Distribution Amount," as applicable, and second with respect to the amount payable pursuant to clause (ii) of such definitions.

• All distributions in respect of the Interest Distribution Amount for a Class or the Component Interest Distribution Amount for a Senior Non-PO Component will be applied first with respect to the amount payable pursuant to clause (i) of the definition of "Interest Distribution Amount," or "Component Interest Distribution Amount," as applicable, and second with respect to the amount payable pursuant to clause (ii) of such definitions.

• No Class of Certificates or Component will be entitled to any distributions with respect to the amount payable pursuant to clause (ii) of the definition of "Interest Distribution Amount" or clause (ii) of the definition of "Component Interest Distribution Amount" after its Class Certificate Balance, Component Balance or Notional Amount has been reduced to zero.

• No Class of Certificates or Component shall be entitled to any distributions with respect to the amount payable pursuant to clause (ii) of the definition of "Interest Distribution Amount" or clause (ii) of the definition of "Component Interest Distribution Amount" after its Class Certificate Balance or Notional Amount has been reduced to zero.

More Definitions of Component Interest Distribution Amount

Component Interest Distribution Amount. For any Distribution Date and each Class A-P, Class SES and Class WIO Component, the sum of (i) the Accrued Component Interest (subject, in the case of any Class A-P Component, to reduction pursuant to Section 5.02(c) and (ii) any Component Unpaid Interest Shortfall for such Component. The Class 2-A-P and Class 4-A-P Components are principal-only Components until the Distribution Dates in January 2008 and December 2010, respectively, and are not entitled to distributions of interest until such time.

Component Interest Distribution Amount. For any Distribution Date and each Component, the sum of (i) the Accrued Component Interest and (ii) any Component Unpaid Interest Shortfall for such Component.

Component Interest Distribution Amount. For purposes of the foregoing, any Accrued Component Interest used to pay Class SES Compensating Interest will be considered to be actually distributed to the applicable Class SES Component.

Component Interest Distribution Amount. For any Distribution Date and each of the Class 1-A-P Component and Class 2-A-P Component, the sum of (i) the Accrued Component Interest, subject to reduction pursuant to Section 5.02(c), and (ii) any Component Unpaid Interest Shortfall for such Component. The Class 1-A-P and Class 2-A-P Components are principal-only Components until the Distribution Dates in May 2007 and May 2009, respectively, and are not entitled to distributions of interest until such time.