Significance Estimate definition

Significance Estimate. With respect to any Distribution Date, and in accordance with Item 1115 of Regulation AB, shall be an amount determined based on the reasonable good-faith estimate by the Depositor or its affiliate of the aggregate maximum probable exposure of the outstanding Certificates to the Swap Agreement.
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Significance Estimate. Any of the Group I Significance Estimate and the Group II Significance Estimate.
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Significance Estimate. With respect to any Distribution Date, and in accordance with Item 1115 of Regulation AB, shall be an amount determined based on the reasonable good-faith estimate by the Sponsor or its affiliate of the aggregate maximum probable exposure of the outstanding Certificates to the Cap Contract.
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Examples of Significance Estimate in a sentence

  • Significance Percentage: With respect to any Distribution Date, and in accordance with Item 1115 of Regulation AB, shall be a percentage equal to the Significance Estimate divided by the aggregate outstanding Stated Principal Balance of the Mortgage Loans, prior to the distribution of the Principal Distribution Amount on such Distribution Date.

  • Significance Estimate: With respect to any Distribution Date, and in accordance with Item 1115 of Regulation AB, shall be an amount determined based on the reasonable good-faith estimate by the Depositor or its affiliate (and reported to the Securities Administrator) of the aggregate maximum probable exposure of the outstanding Certificates to the Swap Agreement and the Corridor Contract, as applicable.

  • Within five Business Days of each Distribution Date of each year that the Trust is subject to the Exchange Act reporting requirements, the Depositor shall make available to the Trustee the related Significance Estimate and the Trustee shall use such information to calculate the related Significance Percentage.


More Definitions of Significance Estimate

Significance Estimate. Any of the Group I Significance Estimate and the Group II Significance Estimate. Significance Percentage: Any of the Group I Significance Percentage and the Group II Significance Percentage. Sponsor: EMC Mortgage Corporation, in its capacity as sponsor hereunder.
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Significance Estimate. With respect to any Distribution Date, and in accordance with Item 1115 of Regulation AB, shall be an amount determined based on the reasonable good-faith estimate by the Seller or its affiliate of the aggregate maximum probable exposure of (i) the outstanding Class A-1 Certificates to the Class A-1 Cap Contract and (ii) the outstanding Class A-2-A Certificates to the Class A-2-A Cap Contract
Sample 1
Significance Estimate. With respect to any Distribution Date, and in accordance with Item 1115 of Regulation AB, shall be an amount determined based on the reasonable good-faith estimate by the Sponsor or its affiliate of the aggregate maximum probable exposure of each of the outstanding Certificates to the Certificate Insurance Policy and Swap Agreement, as applicable. Significance Percentage: Each of the Group I Significance Percentage, the Group II Significance Percentage, the Group III Significance Percentage and the Group IV Significance Percentage. Sponsor: EMC, as mortgage loan seller under the Mortgage Loan Purchase Agreement. Startup Day: March 31, 2006.
Sample 1
Significance Estimate. With respect to any Payment Date, and in accordance with Item 1115 of Regulation AB, shall be an amount determined based on the reasonable goodfaith estimate by the Depositor or its affiliate of the aggregate Maximum Probable Exposure of the outstanding Notes to the Interest Rate Swap Agreement and the Interest Rate Cap Agreement.
Sample 1
Significance Estimate calculate the aggregate "significance percentage" for the Class 2-A-4 Interest Rate Cap Agreement and the Class 3-A-2 Interest Rate Cap Agreement of the Class Certificate Balance of the Class 2-A-4 or the Class 3-A-2, as the case may be, as of the date of such "significance estimate" in accordance with Item 1115 of Regulation AB. For the avoidance of doubt, such aggregate "significance percentage" shall be a fraction, expressed as a percentage, the numerator of which is such aggregate "significance estimate" and the denominator of which is the Class Certificate Balance of the Class 2-A-4 Certificates and the Class 3-A-2 Certificates after distributions on the related Distribution Date. The Trustee also shall determine as of such date whether such "significance percentage" would require disclosure of financial information with respect to the Cap Provider in any report required to be filed with the Commission pursuant to Section 3.22, and if it does, the Trustee shall make a written request of the Cap Provider for such information in accordance with the Class 2-A-4 Interest Rate Cap Agreement and the Class 3-A-2 Interest Rate Cap Agreement not later than the third Business Day after it receives the related "significance estimate." Upon its receipt of such information, the Trustee shall furnish such information to the Depositor and, if such information is approved by the Depositor, shall include such information in the related report as provided in Section 3.22.
Sample 1
Significance Estimate means, as of the closing date, with respect to the swap agreements collectively, the reasonable good faith estimate of the maximum probable exposure of the trust to the swap counterparty, which estimate is made in the same manner as that utilized in the sponsor’s internal risk management process for similar instruments.
Sample 1

Related to Significance Estimate

  • Estimate means to be based on technical evaluation of the sources contributing to the discharge including, but not limited to, pump capabilities, water meters, and batch discharge volumes.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of twenty nine million dollars ($ 29,000,000.00).

  • Total Intrinsic Loss Estimate means the sum of the SF1-4 Intrinsic Loss Estimate in the Single Family Shared-Loss Agreement, and the Commercial Intrinsic Loss Estimate in the Commercial Shared-Loss Agreement, expressed in dollars.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • Quantifiable means, in the context of offset projects, the ability to accurately measure and calculate GHG reductions or GHG removal enhancements relative to a project baseline in a reliable and replicable manner for all GHG emission sources, GHG sinks, or GHG reservoirs included within the offset project boundary, while accounting for uncertainty and activity-shifting leakage and market-shifting leakage.

  • Deviation is a departure from the requirements specified in the tendering document;

  • measure means any measure by a Party, whether in the form of a law, regulation, rule, procedure, decision, administrative action, or any other form;

  • Endpoint means any Federal Reserve Bank, financial institution, local clearing house, courier or other entity or location for the delivery of cash letters or other presentment of Imaged Items or Substitute Checks.

  • Current closure cost estimate means the most recent of the estimates pre- pared in accordance with § 265.142 (a), (b), and (c).

  • Element means any electrical device with terminals that may be connected to other electrical devices such as a generator, transformer, circuit breaker, bus section, or transmission line. An Element may be comprised of one or more components.**

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Financial exigency means a condition that requires the bona fide discontinuance or reduction in size of an administrative unit, project, program or curriculum due to the lack of funds available and sufficient to meet current or projected expenditures.

  • Fédération means Fédération des caisses Desjardins du Québec.