SOFR Interest Component Contribution definition

SOFR Interest Component Contribution means, for any Remittance Date, the excess, if any, of (a) the SOFR Interest Component for the related Payment Date over (b) investment earnings on Eligible Investments in the Cash Collateral Account during the related Investment Accrual Period.
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Related to SOFR Interest Component Contribution

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.