Component Principal Balance. As of any date of determination, either the PO-1 Component Principal Balance on such date or the PO-2 Component Principal Balance on such date as applicable.
Component Principal Balance. As of any Distribution Date, and with respect to any Component, other than any Notional Component, the initial Component Principal Balance thereof (as set forth, as applicable, in the definition of Component) (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 4.01 and (y) the amount of all Realized Losses allocated thereto pursuant to Section 4.03(d).
Component Principal Balance. With respect to any date and any Principal Only Component, an amount equal to (i) the aggregate Net Deferred Interest allocated to the related Notional Amount Component pursuant to Section 4.03 on all prior Distribution Dates minus (ii) all amounts actually distributed as principal of such Principal Only Component and all Realized Losses applied in reduction of principal of such Principal Only Component on all prior Distribution Dates plus (iii) any increase in the Component Principal Balance of such Principal Only Component pursuant to Section 4.02 on all prior Distribution Dates due to the receipt of Subsequent Recoveries.
Examples of Component Principal Balance in a sentence
Any such increase shall be applied pro rata to the Certificate Balance, Component Balance, Component Principal Balance, or Note Principal Balance of each Certificate or Note of each class.
Any allocation of Realized Losses pursuant to this paragraph (d) shall be accomplished by reducing the Certificate Principal Balance (or, in the case of any Component, the Component Principal Balance) of the related Certificates (or Components) on the related Distribution Date in accordance with Section 4.03(e).
For purposes of the foregoing, with respect to any Class of Certificates or Components, as the case may be, the amount of previously allocated Realized Losses that have been offset by an increase in Certificate Principal Balances or Component Principal Balance as provided above shall be deemed no longer “outstanding” but not by more than the amount of Realized Losses previously allocated to that Class of Certificates or Components, as the case may be, pursuant to Section 4.04.
Holders of any Class of Certificates or Components, as the case may be, with respect to which there shall have been a Certificate Principal Balances or Component Principal Balance increase pursuant to this paragraph will not be entitled to any distribution in respect of interest on the amount of such increase for any Interest Accrual Period preceding the Distribution Date on which such increase occurs.
Any such increases shall be applied to the Certificate Principal Balances or Component Principal Balance of each Class of Certificates or Components, as the case may be, in accordance with its respective Percentage Interest.
More Definitions of Component Principal Balance
Component Principal Balance. As of any date of determination, either the Class A-X-2 PO-1 Component Principal Balance on such date or the Class A-X-2 PO-2 Component Principal Balance on such date, as applicable. The Class A-X-2 PO-1 Component and Class A-X-2 PO-2 Component will each have a Component Principal Balance (initially, zero) equal to (i) the aggregate Net Deferred Interest allocated to such Component prior to the date of determination pursuant to Section 4.04 minus (ii) all amounts actually distributed as principal of such Component and all Realized Losses applied in reduction of principal of such Component prior to such date of determination, plus, any increases in the Component Principal Balance of such Certificate pursuant to Section 4.02 due to the receipt of Subsequent Recoveries. Co-op Shares: Shares issued by a Cooperative Corporation.
Component Principal Balance. For the Principal Only Components and Subordinate Components, the applicable initial Component Principal Balance therefor set forth in the Preliminary Statement hereto, corresponding to the rights of such Component in payments of principal due to be passed through to the holders of the applicable Certificates from principal payments on the Group I, Group II, Group III, Group IV, Group V or Group VI Loans, as applicable, as reduced from time to time by (x) distributions of principal to the holders of the applicable Certificates in respect of such Component, (y) adjustments for accrued interest added to principal on the Accrual Components and (z) the portion of Realized Losses allocated to the Component Principal Balance in respect of such Component pursuant to the definition of "Realized Loss" with respect to a given Distribution Date. For any Distribution Date, the reduction of the Component Principal Balance of any Component pursuant to the definition of "Realized Loss" shall be deemed effective prior to the determination and distribution of principal on such Component pursuant to the definition of "Certificate Distribution Amount." Notwithstanding the foregoing, any amounts distributed in respect of losses pursuant to paragraphs(I)(E)(v), (I)(E)(vi), (I)(G)(v), (I)(G)(vi), (I)(I)(v), (I)(I)(vi), (I)(K)(v) or (I)(K)(vi) of the definition of "Certificate Principal Distribution Amount" shall not cause a further reduction in the Component 1A-P-1 Component Principal Balance, Component 1A-P-2 Component Principal Balance, Component 2A-P-1 Component Principal Balance or Component 2A-P-2 Component Principal Balance, respectively. The Component Principal Balance for Component IM-1 shall be referred to as the "Component IM-1 Principal Balance", the Component Principal Balance for Component IM- 2 shall be referred to as the "Component IM-2 Principal Balance" and so on. The Component Principal Balance of the Interest Only Components shall be zero.
Component Principal Balance means, for any Component on any date of determination, the outstanding principal amount of such Component. The initial Component Principal Balance for each Component will be specified in the Loan Agreement Supplement relating to such Component.
Component Principal Balance. As of the first Determination Date and as to any Component, the Original Component Principal Balance. As of any subsequent Determination Date and as to any Component prior to the Group 1 Cross-Over Date, the Original Component Principal Balance of such Component (increased in the case of each Class 1-A-9 Component and Class 1-A-10 Component by the related Component Principal Accretion Amounts with respect to prior Distribution Dates) less the sum of (a) all amounts previously distributed in respect of such Component on prior Distribution Dates (A) pursuant to Paragraph third clause I(A) of Section 4.01(a)(i), (B) as a result of a Group 1 Principal Adjustment and (C), if applicable, from the Class 1-A-9 and Class 1-A-10 Component Accrual Distribution Amounts for such prior Distribution Dates and (D), if applicable, from the Class 1-A-11 Accrual Distribution Amounts for such prior Distribution Dates and (b) the Realized Losses allocated through such Determination Date to such Component pursuant to Section 4.02(b). After the Group 1 Cross-Over Date, the Component Principal Balance will also be reduced on each Determination Date by an amount equal to the product of the applicable Component Loss Percentage for such Component and the excess, if any, of (i) the Class 1-A Non-PO Principal Balance for such Determination Date without regard to this sentence over (ii) the difference between (A) the Pool 1 Adjusted Pool Amount for the preceding Distribution Date and (B) the Pool 1 Adjusted Pool Amount (PO Portion) for the preceding Distribution Date.
Component Principal Balance. For Components IIA-8-1, IIA-8-4 and IIA-8-5 of the Class IIA-8 Certificates, the applicable initial Component Principal Balance therefor set forth in the Preliminary Statement hereto, corresponding to the rights of such Component in payments of principal due to be passed through to the holders of the Class IIA-8 Certificates from principal payments on the Group II Loans, as reduced from time to time by (x) distributions of principal to the holders of the Class IIA-8 Certificates in respect of such Component and (y) the portion of Realized Losses allocated to the Component Principal Balance in respect of such Component pursuant to the definition of "Realized Loss" with respect to a given Distribution Date. For any Distribution Date, the reduction of the Component Principal Balance of any Component pursuant to the definition of "Realized Loss" shall be deemed effective prior to the determination and distribution of principal on such Component pursuant to the definition of "Certificate Distribution Amount." Notwithstanding the foregoing, any amounts distributed in respect of losses pursuant to paragraphs (I)(C)(v) or (I)(C)(vi) of the definition of "Certificate Principal Distribution Amount" shall not cause a further
Component Principal Balance. As of any Distribution Date, each Principal and Interest Component will have a Component Principal Balance equal to (i) the aggregate Net Deferred Interest allocated to such Component prior to that Distribution Date pursuant to Section 4.03 minus (ii) all amounts actually distributed as principal of such Component and all Realized Losses applied in reduction of principal of such Component on all prior Distribution Dates plus (iii) any increase in the Component Principal Balance of such Component pursuant to Section 4.02 due to the receipt of Subsequent Recoveries. As of the Closing Date, the Component Principal Balance of each Principal and Interest Component will equal $0. Component Rate: Not applicable.
Component Principal Balance. With respect to any Mezzanine Components immediately prior to any Distribution Date, will be an amount equal to the Initial Component Principal Balance thereof reduced by the sum of all amounts distributed in respect of principal of such Component pursuant to Section 4.01 and Realized Losses allocated thereto on all prior Distribution Dates.