Class PO Component definition

Class PO Component. The Class PO-1 Component or the Class PO-2 Component, as applicable.
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Class PO Component. Any of the Class 1-PO Component, Class 2-PO Component, Class 3-PO Component, Class 4-PO Component or Class 5-PO Component.
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Class PO Component. Not applicable.
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Examples of Class PO Component in a sentence

  • For any Group and on any Distribution Date, amounts distributed in respect of the Class PO Deferred Amounts will not reduce the Class Certificate Balance of the applicable Class PO Component.

  • With respect to each Loan Group, if (and to the extent that) the sum of (a) the principal payments received during the Due Period (as adjusted for amounts allocated to the related Class PO Component) and (b) the Realized Losses (as adjusted for amounts allocated to the related Class PO Component), are insufficient to make the necessary reductions of principal on the Class A and Class B Tracking Interests, then interest will be added to the Loan Group's Class C Tracking Interest.

  • With respect to each Loan Group, if (and to the extent that) the sum of (a) the principal payments received during the Due Period (as adjusted for amounts allocated to the related Class PO Component) and (b) the Realized Losses (as adjusted for amounts allocated to the related Class PO Component), are insufficient to make the necessary reductions of principal on the Class A and Class B Tracking Interests, then interest will be added to the Loan Group’s Class C Tracking Interest.

  • On any Distribution Date, amounts distributed in respect of Class PO Deferred Amounts will not reduce the Class Certificate Balance or Component Balance of the related Class PO Component.

  • Any such reduction or increase shall be allocated among the Senior Certificates and Components (other than the Class IO Component and Class PO Component) of the related Group, pro rata, based on their Class Certificate Balances immediately prior to such Distribution Date until the Class Certificate Balances thereof have been reduced to zero.

  • On any Distribution Date, amounts distributed in respect of Class PO Deferred Amounts will not reduce the Component Balance of the related Class PO Component.

  • Any such reduction or increase shall be allocated among the Senior Certificates and Components (other than the Class IO Component and Class PO Component related to Group 3) of the related Group, pro rata, based on their Class Certificate Balances immediately prior to such Distribution Date until the Class Certificate Balances thereof have been reduced to zero.

  • With respect to each Loan Group in Aggregate Loan Group I, if (and to the extent that) the sum of (a) the principal payments received as of the Due Date (as adjusted for amounts allocated to the related Class PO Component) and (b) the Realized Losses (as adjusted for amounts allocated to the related Class PO Component), are insufficient to make the necessary reductions of principal on the Class A and Class B Tracking Interests, then interest will be added to such Loan Group’s Class C Tracking Interest.


More Definitions of Class PO Component

Class PO Component. The Class PO-A-1 Component, the Class PO-A-2 Component, Class PO-D-1 Component or the Class PO-D-2 Component, as applicable. The Class PO-A-1 and Class PO-A-2 Components relate to the Class PO-A Certificates. The Class PO-D-1 and Class PO-D-2 Components relate to the Class PO-D Certificates.
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Class PO Component. Either of the Class CB-PO Component or Class NC-PO Component.
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Class PO Component. As defined in the Preliminary Statement.
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Related to Class PO Component

  • Class C Component The Component having such designation.

  • Class D Component The Component having such designation.

  • Class B Component The Component having such designation.

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

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.