TAC Component definition
Examples of TAC Component in a sentence
The Class A-19 PAC IO Component, the Class A-19 PAC I Component, the Class A-19 TAC IO Component and the Class A-19 TAC Component (collectively, the "Components") shall also constitute "regular interests" in the Upper-Tier REMIC.
Excess Losses allocated to the Senior Certificates (other than the Class A-PO and Class A-19 Certificates), the Class A-19 PAC I Component and the Class A-19 TAC Component will be allocated among such Classes and Components pro rata on the basis of their respective Class Certificate Balances or Component Balances, or in the case of a Class of Accrual Certificates or an Accrual Component, the Initial Class Certificate Balance or the Initial Component Balance, if lower.
Any such reduction shall be allocated among the Senior Certificates (other than the Class A-19 and Class A-PO Certificates), the Class A-19 PAC I Component and the Class A-19 TAC Component based on the Class Certificate Balances or Component Balances immediately prior to such Distribution Date or, in the case of a Class of Accrual Certificates or an Accrual Component, the Initial Class Certificate Balance or the Initial Component Balance, if lower.
As used above, the "TAC Principal Amount" for any Distribution Date and the Class of TAC Certificates or the TAC Component means the amount, if any, that would reduce the Principal Balance of such Class or Component to the percentage of its Original Principal Balance shown in the related table set forth below with respect to such Distribution Date.
The following tables set forth for each Distribution Date the planned Principal Balances for the PAC Certificates and the PAC Component, the targeted Principal Balances for the TAC Certificates and the TAC Component and the scheduled Principal Balances for the Scheduled Certificates and the Scheduled Component, expressed as a percentage of the Original Principal Balance of each Class.