PO Component definition

PO Component. As defined in the Preliminary Statement.

PO Component. Either the X-2 PO-1 Component or X-2 PO-2 Component, as applicable.

PO Component. Any of the Class 1-X-PO Component, Class 2-X-PO Component or Class 3-X-PO Component.

Examples of PO Component in a sentence

• For any Group and on any Distribution Date, amounts distributed in respect of the PO Deferred Amounts (including the distribution of the PO Recoveries) will not reduce the Component Balance of the applicable PO Component.

• For any Group and on any Distribution Date, amounts distributed in respect of the Class PO Deferred Amounts will not reduce the Class Certificate Balance of the applicable Class PO Component.

• With respect to each Loan Group, if (and to the extent that) the sum of (a) the principal payments received during the Due Period (as adjusted for amounts allocated to the related Class PO Component) and (b) the Realized Losses (as adjusted for amounts allocated to the related Class PO Component), are insufficient to make the necessary reductions of principal on the Class A and Class B Tracking Interests, then interest will be added to the Loan Group's Class C Tracking Interest.

• For any Group and on any Distribution Date, amounts distributed in respect of the PO Deferred Amounts (including the distribution of the PO Recoveries) will not reduce the Component Balance of the applicable PO Component or the Class Certificate Balance of the Class 15-PO or Class 5-PO Certificates.

• With respect to each Loan Group, if (and to the extent that) the sum of (a) the principal payments received during the Due Period (as adjusted for amounts allocated to the related Class PO Component) and (b) the Realized Losses (as adjusted for amounts allocated to the related Class PO Component), are insufficient to make the necessary reductions of principal on the Class A and Class B Tracking Interests, then interest will be added to the Loan Group’s Class C Tracking Interest.

More Definitions of PO Component

PO Component. Each of the PO-1A1 Component and the Class PO-1A2 Component, as applicable.

PO Component. The Class A-X-PO-1 or Class A-X-PO-2 Components. The PO Components have a Pass-Through Rate of 0.000% per annum.

PO Component. The 3-PO-1 Component and the 3-PO-2 Component as applicable.

PO Component. Either of the Class 1-A-PO Component or Class 2-A-PO Component.

PO Component. As specified in the Prospectus Supplement.

PO Component. With respect to the Class 1-A-5 Certificates, the Class 1-A-5-III Component thereof, being an uncertificated interest representing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC provisions.

PO Component. Not applicable.