SOFR Interest Component definition

Related Definitions

Interest Component
Class A-S Component
Principal Component
Class B-4 Interest Shortfall Amount
Class A-1 Component
Class C Component
Loan Group 1 Principal Distribution Amount
Class A-2 Component
Class B-6 Interest Shortfall Amount
Class D Component
Class A Interest Shortfall Amount
REMIC 2 Interest Loss Allocation Amount
Class B-1 Interest Shortfall Amount
Class B Component
Class B-3 Interest Shortfall Amount
Class B-5 Interest Shortfall Amount
Class A-4 Component
Class X-A Components
REMIC III Available Distribution Amount
Lower Tier Principal Distribution Amount
Group I Basic Principal Distribution Amount
REMIC I Overcollateralized Amount
REMIC I Interest Loss Allocation Amount
Class A Interest Shortfall
REMIC II Interest Loss Allocation Amount
Net Simple Interest Shortfall

SOFR Interest Component means, for a Payment Date, an amount equal to the product of (i) SOFR for the related Note Accrual Period, (ii) the aggregate Class Principal Balance of the Classes of Notes outstanding immediately prior to such Payment Date and (iii) a fraction, the numerator of which is the actual number of days in the related Note Accrual Period and the denominator of which is 360.

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