IO Component. As defined in the Preliminary Statement.

IO Component. Each of the X-1 IO-1 Component, the X-1 IO-2 Component and the X-2 IO Component, as applicable.

IO Component. Any of the Class 1-IO Component and Class 2-IO Component.

Examples of IO Component in a sentence

Class X is comprised of an IO Component and Group Related PO components, and the Balance reflected for this Certificate is a Notional Amount.
Class A-X is comprised of an IO Component and Group Related PO components, and the Balance reflected for this Certificate is a Notional Amount.
The Class X IO Component will have a notional balance equal to the aggregate principal balance of the Mortgage Loans.
With respect to the Class X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 and X-2 PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.
The Class 2IO3 Certificates consist of two components, the Group II IO Component and the Group III IO Component, each of which constitute a regular interest in the Upper REMIC.

More Definitions of IO Component

IO Component. Any of the Class 1-30-IO Component, the Class 2-30-IO Component and the Class 3-30-IO Component.

IO Component. The Interest-Only Component of the Class A-X Certificates.

IO Component. The Interest-Only Component.

IO Component. Each of the Class A-7 IO A Component, Class A-7 IO B Component and Class A-7 IO C Component.

IO Component. The Class A-X-IO-1 Component or the Class A-X-IO-2 Component. The IO Components will not have a Component Principal Balance or Class Principal Balance and are not entitled to any distributions in respect of principal, but will bear interest on their respective outstanding Component Notional Amounts. IRS: The Internal Revenue Service.

IO Component. The X-IO Component.

IO Component. Any of the IO-1, IO-2, IO-3 and IO-BB Components, as applicable.