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. 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 the outstanding Class A, Class M and Class B 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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Examples of Significance Estimate in a sentence

  • 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.

  • 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.


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 Sponsor or its affiliate of the aggregate maximum probable exposure of each of the outstanding Certificates to the Cap Contracts. Significance Percentage: Each of the Group I Significance Percentage and the Group II Significance Percentage.
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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 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.
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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.
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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.
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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.

  • Cost Estimate means the detailed projected expenditure, including material costs and overhead, equipment costs and overhead, labor costs and overhead, and all taxes associated with each major material and service component, required for a line extension. It shall also separately identify any incremental costs associated with providing premium services. The Company may, for the purpose of standardization, establish standard construction cost estimates, for basic or premium service plans, which shall not exceed, in any event, the average cost of constructing such line extensions in the area involved, in which case the term “cost estimate” as used in this section will be understood to mean the standard estimate thus established.

  • State Estimator means a computer model that computes the state (voltage magnitudes and angles) of the Transmission System using the network model and real-time measurements. Line flows, transformer flows, and injections at the busses are calculated from the known state and the transmission line parameters. The State Estimator has the capability to detect and identify bad measurements.

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

  • Intensity means the number of Program Unique Supervised Hours divided by the Duration for a course or qualification, being a measure of the concentration of training and assessment delivered from the Eligible Individual’s perspective.

  • Overvote means that the elector marks or designates more names than there are persons to be elected to an office or designates more than one answer to a ballot question, and the tabulator records no vote for the office or question.

  • 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).

  • Negative means that a rating may be lowered

  • 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.

  • Severity means the seriousness of a violation as determined by actual or potential negative outcomes for residents and subsequent ac­ tual or potential for harm. Outcomes include any negative effect on the resident's physical, mental or psychosocial well being (i.e., safety, quality of life, quality of care).

  • Estimates has the meaning given in Section 25.1(c).

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Material Change in Content means the occurrence since the Launch Date of a material change in the content, composition or constitution of the Futures Contract or the Commodity.

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

  • Projection means prospective financial statements that present, to the best of the responsible party’s knowledge and belief given one or more hypothetical assumptions, an entity’s expected financial position, results of operations, and changes in financial position or cash flows that are based on the responsible party’s assumptions reflecting conditions it expects would exist and the course of action it expects would be taken given such hypothetical assumptions.

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

  • No Observable Acute Effect Level or "(NOAEL)" means any concentration equal to or less than the critical test concentration in a single concentration (pass/fail) toxicity test, conducted pursuant to Section 22a-430-3(j)(7)(A)(i) of the RCSA, demonstrating 90% or greater survival of test organisms at the CTC.

  • Visibility impairment means any humanly perceptible change in visual range, contrast, or coloration from that which would have existed under natural visibility conditions.

  • Reliability means the degree of performance of the bulk electric system that results in electricity being delivered within Reliability Standards and in the amount desired. Electric system Reliability can be addressed by considering two basic and functional aspects of electric systems, which are Adequacy and Security.

  • Uncontrollable Circumstance means one (1) or more of the following specified acts, events, or 622 conditions, whether affecting the Operating Assets, the approved Processing Facility, the 623 Designated Disposal Facility, the County, or the Contractor, to the extent that it materially and 624 adversely affects the ability of the Contractor to perform any obligation under the Agreement 625 (except for payment obligations), if such act, event or condition is beyond the reasonable control, 626 and is not also the result of the willful or negligent act, error, or omission or failure to exercise 627 reasonable diligence on the part of the Contractor, provided however, that the contesting in good 628 faith or the failure in good faith to contest such action or inaction shall not be construed as willful 629 or negligent action or a lack of reasonable diligence of the Contractor:

  • estimated consumption means the consumption that a customer, whose consumption is not measured during a specific period, is deemed to have consumed and that is estimated by taking into account factors that are considered relevant by the Municipality and which may include the consumption of municipal services by the totality of the users of a service within the area where the service is rendered by the Municipality, at the appropriate level of service, for a specific time;

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

  • Element means-each Transmission Line or each circuit of the Transmission Lines (where there are more than one circuit) or each bay of the Sub-station or switching station or HVDC terminal or inverter station of the Project, including ICTs, Reactors, SVC, FSC, etc. forming part of the ISTS which will be owned, operated and maintained by the concerned ISTS Licensee, and which may have a separate scheduled COD as per Schedule 2 of the Transmission Service Agreement and may have a separate percentage for recovery of Transmission Charges on achieving COD as per Schedule 5 of the Transmission Service Agreement;