PAC Component definition

PAC Component has the meaning set forth in Section 9.10.
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PAC Component means, for the purpose of calculating the Class I Monthly Interest at any time, the Original Notional Principal Amount minus all allocations of Monthly Principal to the PAC Component made up to such time pursuant to Section 9.10 of this Agreement.
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PAC Component. The Class A-9-2 Component.
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Examples of PAC Component in a sentence

  • VA = T5* A0*(A11 - A10)A10where; VA = Amount of price variation in Rupees to be allowed for Alum/ PAC component A0 = Basic rate of Alum/ PAC Component in rupees per MT as considered in Tendered cost of work.

  • If the amount of Available Funds (together with amounts withdrawn from the Spread Account) are not sufficient on any Payment Date to pay the required payment of Class A Monthly Principal to the Class A Noteholders in full on any Payment Date at any time after the occurrence and during the continuance of an Insurer Default, any shortfall in the principal payments on the Class A Notes will be allocated to reduce the PAC Component and the Companion Component on a pro rata basis.

  • Interest with respect to each Component will accrue during each month in an amount equal to the product of (i) 1/12th of the Component Rate for such Component and (ii) the outstanding Principal Balance in the case of the Class A-6 PAC Component and the Class A-6 Scheduled Accrual Component or the outstanding notional amount in the case of the Class A-6 IO A Component and Class A-6 IO B Component.

  • For the purposes of determining distributions of interest and in reduction of Principal Balance, the Class A-6 Certificates consist of four components (each, a "Component" and individually, the "Class A-6 IO A Component," the "Class A-6 IO B Component," the "Class A-6 PAC Component" and the "Class A-6 Scheduled Accrual Component").

  • Any such loss allocated to the Class A Certificates shall be allocated on the subsequent Determination Date among the outstanding Classes of Class A Certificates (other than the Class A-6 and Class A-PO Certificates), the Class A-6 PAC Component and the Class A-6 Scheduled Accrual Component in accordance with the Class A Loss Percentages as of such Determination Date.


More Definitions of PAC Component

PAC Component. The Class A8A Component.
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PAC Component. Any A5(1) Component, A5(2) Component or A10(1) Component.
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PAC Component. The 2-A9(3) Component.
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PAC Component means, for the purpose of calculating the Class I Note Interest Distributable Amount for any Distribution Date, the Original Notional Principal Amount minus all allocations of the Regular Principal Distributable Amount to the PAC Component made up to such time of determination pursuant to Section 4.06 of this Agreement.
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PAC Component. Any Class 1-A5A Component.
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PAC Component. The Class A-17B Component.
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PAC Component. Any of the Class A3A, Class A3B, Class A4B and Class A5B Components.
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