Component Notional Amount definition

Component Notional Amount. Not applicable.

Component Notional Amount. With respect to each Component and any date of determination, an amount equal to the Lower-Tier Principal Balance of the Corresponding Lower-Tier Regular Interest for that Component.

Component Notional Amount. The notional amount on which any REMIC III Component of any Class of Interest Only Certificates accrues interest, which, as of any date of determination, is equal to the then-current Uncertificated Principal Balance of such REMIC III Component’s Corresponding REMIC II Regular Interest.

Examples of Component Notional Amount in a sentence

• The Notional Amount of the Class X-B Certificates and the Component Notional Amount of the Class X-B Component will be reduced to reflect reductions of the Certificate Balance of the Class B Certificates and of the Lower-Tier Principal Balance of the Class LB Lower-Tier Regular Interest, in any event resulting from allocations of Realized Losses.

• The Notional Amount of the Class X-D Certificates and the Component Notional Amount of the Class X-D Component will be reduced to reflect reductions of the Certificate Balance of the Class D Certificates and of the Lower-Tier Principal Balance of the Class LD Lower-Tier Regular Interest, in any event resulting from allocations of Realized Losses.

• The Notional Amount of the Class X-F Certificates and the Component Notional Amount of the Class X-F Component will be reduced to reflect reductions of the Certificate Balance of the Class F Certificates and of the Lower Tier Principal Balance of the Class LF Lower Tier Regular Interest, in any event resulting from allocations of applicable Realized Losses.

• The Notional Amount of the Class X-G Certificates and the Component Notional Amount of the Class X-G Component will be reduced to reflect reductions of the Certificate Balance of the Class G Certificates and of the Lower Tier Principal Balance of the Class LG Lower Tier Regular Interest, in any event resulting from allocations of applicable Realized Losses.

• The Notional Amount of the Class X-H Certificates and the Component Notional Amount of the Class X-H Component will be reduced to reflect reductions of the Certificate Balance of the Class H Certificates and of the Lower-Tier Principal Balance of the Class LH Lower-Tier Regular Interest, in any event resulting from allocations of applicable Realized Losses.

More Definitions of Component Notional Amount

Component Notional Amount. With respect to each Component and any date of determination, an amount equal to the then REMIC I Principal Balance of its Corresponding REMIC I Regular Interest.

Component Notional Amount. With respect to the A-IO(1) Component and the A-IO(2) Component of the Class A-IO Certificates and any Distribution Date, a notional amount which will be calculated as follows:

Component Notional Amount. As of any Distribution Date, either of the Class 1-30-IO Notional Amount or Class 2-30-IO Notional Amount.

Component Notional Amount. As of any Distribution Date, any of the Class 1-SES Notional Amount, Class 2-SES Notional Amount or Class 3-SES Notional Amount.

Component Notional Amount. As of any Distribution Date, any of the Class 1-30-IO Notional Amount, Class 2-30-IO Notional Amount, Class 3-15-IO Notional Amount, Class 4-15-IO Notional Amount, Class 1-SES Notional Amount, Class 2-SES Notional Amount, Class 3-SES Notional Amount or Class 4-SES Notional Amount.

Component Notional Amount means with respect to each Component and any date of determination, an amount equal to the then Certificate Balance of its Corresponding REMIC II Regular Interest.

Component Notional Amount. With respect to each Class X Component and any date of determination, an amount equal to the then REMIC I Principal Balance of its Corresponding REMIC I Regular Interest.