Class A-3 Component definition

Class A-3 Component. The Component having such designation.
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Class A-3 Component. With respect to the Class X Certificates, at any date of determination, that portion of the Notional Amount of the Class X Certificates equal to the Certificate Principal Amount of the Class A-3 Certificates.
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Class A-3 Component means a component of the beneficial interest in REMIC III evidenced by the Class A-3 Certificates, which component represents a Component Notional Amount equal to the Certificate Balance of the REMIC II Regular Interest A-3.
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More Definitions of Class A-3 Component

Class A-3 Component means a component of the Class X Certificates, which component represents a Component Notional Amount equal to the Certificate Balance of the REMIC II Regular Interest A-3.
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Related to Class A-3 Component

  • Class A-4 Component The Component having such designation.

  • Class A-2 Component The Component having such designation.

  • Class C Component The Component having such designation.

  • Class A-S Component The Component having such designation.

  • Class A-3 Monthly Interest means, for any Distribution Date, one-twelfth (or, in the case of the first Distribution Date, the number of days from and including the Closing Date to but excluding the 15th day of the month in which such Distribution Date occurs, assuming each month has 30 days, divided by 360) of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).