Notional Component definition

Notional Component. Any A-X(I) or A-X(II) Component of the Class A-X Certificates.

Notional Component. Not applicable.

Notional Component. As specified in the Preliminary Statement.

Examples of Notional Component in a sentence

• In addition, any Realized Losses allocated to any Class of Component Certificates on a Distribution Date shall be allocated in reduction of the Component Principal Balances of the related Components (other than any Notional Component) in proportion to their respective Component Principal Balances immediately prior to such Distribution Date.

• In addition, any Realized Losses allocated to any Class of Component Certificates on a Distribution Date shall be allocated in reduction of the Component Principal Amounts of the related Components (other than any Notional Component) in proportion to their respective Component Principal Amounts immediately prior to such Distribution Date.

• Each Notional Component, other than the portion deemed to represent the obligation to make payments in respect of Basis Risk Shortfalls and Unpaid Basis Risk Shortfalls, is hereby designated as a regular interest in the Upper Tier REMIC for purposes of the REMIC Provisions.

• In addition, any Realized Losses allocated to any Components on a Distribution Date shall be allocated in reduction of the Component Principal Amounts of the related Components (other than any Notional Component) in proportion to their respective Component Principal Amounts immediately prior to such Distribution Date.

• The Class 1-A7C Component will have an initial Notional Component Balance of $13,409,169.00.

More Definitions of Notional Component

Notional Component. With respect to each Class X-P Certificate, for federal income tax purposes, each Notional Component as provided in the definition of “Pass-Through Rate,” each of which has a notional amount equal to the Uncertificated Principal Balance of the REMIC 1 Regular Interest with the same designation.

Notional Component. The A IO Component. ------------------ Obligor: Each obligor on a Debt Instrument. ------- Officer's Certificate: A certificate delivered to the Indenture Trustee --------------------- or the Issuer signed by the President or a Vice President of the Seller, the Servicer, the Transferor or the Issuer, in each case, as required by this Agreement.

Notional Component. Any of the AX(2), AX(3) or AX(4) Component of the Class AX Certificates. Offering Document: Either of the private placement memorandum dated January 28, 2003, relating to the Class B4, Class B5 and Class B6 Certificates, or the Prospectus.

Notional Component. The A10(2) Component.

Notional Component. The B1(X1) or B1(X2) Component.

Notional Component. Each of the 2-A9(1) and the 2-A9(2) Components.

Notional Component. Any of the AX(2) Component or AX(3) Component of the Class AX Certificates or the PAX(2) Component or PAX(3) Component of the Class PAX Certificates. Offering Document: Either of the private placement memorandum dated June 26, 2002 relating to the Class B4, Class B5 and Class B6 Certificates, or the Prospectus.