Class A-2 Component The Component having such designation.
Component Interest Rate Not applicable.
Class D Component The Component having such designation.
Class C Component The Component having such designation.
Component Notional Amount Not applicable.
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.
Class A-1 Component The Component having such designation.
Class B-1 Pass-Through Rate For the first Distribution Date, 6.3300% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-1 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.
Class A-4 Component The Component having such designation.
Class A-S Component The Component having such designation.
Class B-2 Pass-Through Rate For the first Distribution Date, 6.850% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-2 Margin,
Class B-3 Pass-Through Rate For the first Distribution Date, 4.120% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-3 Margin, (2) the Weighted Maximum Rate Cap and (3) the Available Funds Cap for such Distribution Date.
Component part means any part of a vehicle, other than a tire, having a component part number.
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.
Component Certificates As specified in the Preliminary Statement.
Class A-5 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.1156%.
Initial Component Balance As specified in the Preliminary Statement.
Class D Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.00000%.
Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.
Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.
Dilution Volatility Component means, at any time, the product (expressed as a percentage) of (i) the difference between (a) the highest three-month rolling average Dilution Ratio over the 12-month period then most recently ended and (b) the Adjusted Dilution Ratio, and (ii) a fraction, the numerator of which is equal to the amount calculated in (i)(a) of this definition and the denominator of which is equal to the amount calculated in (i)(b) of this definition.
Class B Component The Component having such designation.
Class A-3 Component The Component having such designation.
Class A-3 Pass-Through Rate For any Distribution Date, a per annum rate equal to 2.8600%.
Class E Component The Component having such designation.
Class A-2 Pass-Through Rate For any Distribution Date, a per annum rate equal to 3.0008%.