Component Principal Amount definition

Component Principal Amount. Not applicable.

Component Principal Amount. With respect to each Component other than a Notional Component as of any Distribution Date, the initial Component Principal Amount of such Component (as set forth in the definition of “Component” above) as of the Closing Date as reduced by all amounts previously distributed on that Component in respect of principal and the principal portion of any Realized Losses previously allocated to that Component.

Component Principal Amount. With respect to the A2-1 Component and any Distribution Date, the initial Component Principal Amount thereof set forth in the definition of Component, reduced by all amounts distributed in reduction thereof on previous Distribution Dates pursuant to Section 5.02 and increased by such Component's Allocable Share of Deferred Interest for such Distribution Date.

Examples of Component Principal Amount in a sentence

• Any such recovery allocated to a Class of Certificates shall not further reduce the Certificate Principal Amount or Component Principal Amount of such Certificate.

• Any allocation of Realized Losses pursuant to this paragraph (c) shall be accomplished by reducing the Certificate Principal Amount (or, in the case of any Component, the Component Principal Amount) of the related Certificates (or Components) on the related Distribution Date in accordance with Section 5.03(d).

• Any allocation of Realized Losses pursuant to this paragraph (c) shall be accomplished by reducing the Certificate Principal Amount or Component Principal Amount of the related Certificates on the related Distribution Date in accordance with Section 5.03(d).

• Notwithstanding the foregoing, on any Distribution Date on which the Class Principal Amount or Component Principal Amount of each Class or Component of Certificates having a higher priority of distribution has been reduced to zero, any remaining Principal Distribution Amount for Pool 2 will be distributed to the remaining Certificates or Components in the order of priority set forth above.

• Notwithstanding the foregoing, on any Distribution Date on which the Class Principal Amount or Component Principal Amount of each Class or Component of Certificates having a higher priority of distribution has been reduced to zero, any remaining Principal Distribution Amount for Pool 1 will be distributed to the remaining Certificates or Component in the order of priority set forth above.

More Definitions of Component Principal Amount

Component Principal Amount. With respect to the AP(1), AP(3), AP(5), AP(6) and AP(7) Components as of any Distribution Date, its respective initial Component Principal Amount as of the Closing Date as reduced by all amounts previously distributed with respect to such Component in respect of principal and the principal portion of any Realized Losses previously allocated to such Component.

Component Principal Amount. With respect to each of the A3(1) and A3(2) Components and any Distribution Date, the initial Component Principal Amount thereof on the Closing Date, less the amount of all principal distributions previously distributed with respect to such Component. As of the Closing Date, the initial Component Principal Amount of the A3(1) Component is $557,530,845 and the initial Component Principal Amount of the A3(2) Component is $163,817,155.

Component Principal Amount. As of any Distribution Date and with -------------------------- respect to any Component, other than any Notional Component, the initial Component Principal Amount thereof as set forth in the definition of Component (plus any Deferred Interest allocated thereto on previous Distribution Dates and plus, in the case of any Accrual Component, any related Accrual Amount for each previous Distribution Date), less the sum of (x) all amounts distributed in reduction thereof on previous Distribution Dates pursuant to Section 5.02, (y) the amount of all Realized Losses previously allocated thereto pursuant to Section 5.03 and (z) any Subordinate Certificate Writedown Amount allocated to such Component.

Component Principal Amount. With respect to any Component, an amount equal to the initial principal amount of such Component, less the amount of all principal distributions previously made with respect to such Component, all Realized Losses allocated to such Component and any Subordinate Certificate Writedown Amount allocated to such Component. The initial Component Principal Amount of the Component B3-I and Component B3-II shall be $2,616,000 and $6,505,000.00, respectively.

Component Principal Amount. With respect to each Class of Component Certificates (other than the Class AX or Class PAX Certificates) as of any Distribution Date, its respective initial Component Principal Amount as of the Closing Date as reduced by all amounts previously distributed with respect to such Component in respect of principal and the principal portion of any Realized Losses previously allocated to such Component. and, in the case of a Group 1 Subordinate Component or Group 2-5 Subordinate Component, any related Component Writedown Amount allocated to such Component provided, however, that on any Distribution Date on which a Subsequent Recovery is distributed, the Component Principal Amount of any Component then outstanding for which any Realized Loss or any Component Writedown Amount has been applied will be increased, in order of seniority, by an amount equal to the lesser of (i) the amount such Component has been reduced by any Realized Losses or any Component Writedown Amount which have not been previously increased by any Subsequent Recovery and (ii) the total amount of any Subsequent Recovery distributed on such date to Components or related Senior Certificates after application (for this purpose) to more senior Components or related Senior Certificates.

Component Principal Amount. With respect to any Component and any Distribution Date, the initial Component Principal Amount thereof on the Closing Date, less (i) the amount of all principal distributions previously distributed with respect to such Component and (ii) any Applied Loss Amount previously allocated to such Component; provided, however, that the Component Principal Amount of any Component then outstanding but previously reduced by an Applied Loss Amount will be increased in order of seniority by the amount equal to the lesser of (1) any Deferred Amount for each such Component immediately prior to such Distribution Date and (2) the total amount of any Subsequent Recovery distributed to any Class of Certificates pursuant to this Agreement. The initial Component Principal Amount for the M3(1) Component is $4,141,000. The initial Component Principal Amount for the M3(2) Component is $1,052,000.

Component Principal Amount. With respect to each Component other than the 2-A9(1) Component and the 2-A9(2) Components as of any Distribution Date, the initial Component Principal Amount of such Component (as described in the definition of "Component" above) as of the Closing Date as (a) reduced by (i) all amounts previously distributed on that Component in respect of principal and the principal portion of any Realized Losses previously allocated to that Component and (ii) any Component Writedown Amount allocated to such Component, and, in the case of any Accrual Component, as increased by the amount of any Accrual Amount for such Component on previous Distribution Dates.