Original Component Principal Balances Clause Samples
The "Original Component Principal Balances" clause defines the initial principal amounts assigned to specific components or segments of a financial instrument, such as a loan or securitized asset. In practice, this clause specifies the starting balances for each component, which may include different tranches, classes, or underlying loans within a larger financial structure. By clearly establishing these original balances, the clause ensures accurate tracking of principal repayments, allocation of cash flows, and calculation of interest, thereby promoting transparency and preventing disputes over the distribution of payments or losses.
Original Component Principal Balances. As to the following Class A-7 Components, the Component Principal Balance of such Component as of the Cut-Off Date, as follows: Original Component Class A-7 Components Principal Balance -------------------- ----------------- Class A-7 Group I Accrual Companion Component $ 3,300,000.00 Class A-7 Group II Accrual Companion Component $ 730,000.00
Original Component Principal Balances. As to the following Components, the Component Principal Balance of such Component as of the Cut-Off Date, as follows: Original Component Component Principal Balance Class 1-A-7A Component $ 1,364,000.00 Class 1-A-7B Component $ 2,979,000.00 Class 1-A-9A Component $ 3,792,000.00 Class 1-A-9B Component $ 2,920,000.00 Class 1-A-9C Component $ 800,000.00 Class 1-A-10A Component $ 2,958,000.00 Class 1-A-10B Component $ 354,000.00 Class 1-A-10C Component $ 564,000.00
Original Component Principal Balances. As to each of the Class A-2 Components, the Principal Balance of each Component as of the Cut-Off Date, is as follows: Original Principal Balance ----------------- Class A-2-A Component $15,104,000.00 Class A-2-B Component $17,500,000.00