PO-3 Component definition

PO-3 Component. The Principal-Only Component of the Class X Certificates that relates to the Group 3 Mortgage Loans.
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Examples of PO-3 Component in a sentence

  • Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-A-5, Class 3-A-6 and Class 3-A-7 Certificates and the Class PO-3 Component.

Related to PO-3 Component

  • Class A-3 Component The Component having such designation.

  • Class C Component The Component having such designation.

  • Class B Component The Component having such designation.

  • Class D Component The Component having such designation.

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.