Base Offering Circular – Multifamily 8 the appropriate wiring instructions at least five Business Days prior to a Record Date, by wire transfer of immediately available funds, on the Business Day following the related and each subsequent Distribution Date, to the account of the Holder thereof, if the Holder holds Securities issued by the related Trust or MX Trust in an initial aggregate principal amount of at least $5,000,000 or another amount specified in the Offering Circular Supplement.  Notwithstanding the foregoing, the final distribution in retirement of any Certificated Security will be made only upon presentation and surrender of the Security at the Corporate Trust Office. Interest Rate Indices Unless otherwise provided in the related Offering Circular Supplement, each Floating Rate and Inverse Floating Rate Class will bear interest during each Accrual Period for that Class by reference to one of the following indices: “LIBOR,” “COFI,” a “Treasury Index,” or the “Prime Rate,” each as defined in the glossary in Appendix II (or any other index set forth in the related Offering Circular Supplement). Classes bearing interest by reference to the above- mentioned indices are called “LIBOR Classes,” “COFI Classes,” “Treasury Index Classes” and “Prime Rate Classes,” respectively. The Trustee will determine the applicable interest rate index level in accordance with the procedures described below and will compare its results with the interest rate index level posted by the Information Agent on e-Access. If there is a discrepancy, the Trustee and Information Agent will attempt to resolve it, but ultimately, absent clear error, the determination by the Trustee or its agent of the applicable interest rate index levels and its calculation of the Interest Rates of the Floating Rate and Inverse Floating Rate Classes for each Accrual Period will be final and binding. Investors can obtain the rates for the current and preceding Accrual Periods on e-Access. Determination of LIBOR Unless otherwise provided in the applicable Offering Circular Supplement, the Trustee, or its agent, will calculate the Interest Rates of LIBOR Classes for each Accrual Period (after the initial Accrual Period) on the second Business Day before the Accrual Period begins (a “Floating Rate Adjustment Date”). On each Floating Rate Adjustment Date, the Trustee or its agent will determine the applicable LIBOR in accordance with one of the two following methods described below.  The method that is used for determining LIBOR in a particular transaction will be specified in the related Offering Circular Supplement. BBA LIBOR.  If using this method of determining LIBOR, the Trustee or its agent will determine LIBOR on the basis of the British Bankers’ Association (“BBA”) “Interest Settlement Rate” for one-month deposits in U.S. Dollars as it appears on the Dow Jones Telerate Service page 3750 (or such other page as may replace page 3750 on that service or such other service as may be nominated by the BBA for the purpose of displaying BBA Interest Settlement Rates) as of 11:00 a.m. London time on the related Floating Rate Adjustment Date.  BBA Interest Settlement Rates currently are based on rates quoted by sixteen BBA designated banks as being, in the view of such banks, the offered rate at which deposits are being quoted to prime banks in the London interbank market.  BBA Interest Settlement Rates are calculated by eliminating the