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 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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Examples of Significance Estimate in a sentence

  • 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.

  • 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.

  • 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 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 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. 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. 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

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.

  • 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.

  • 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.

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.

  • Severity means the dollar amount of losses on claims.

  • 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;

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

  • 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 any event which:

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