Base Offering Circular – Multifamily 62 Rates) as of 11:00 a.m. London time on the related Floating Rate Adjustment Date. Beneficial Owner ......................  The beneficial owner of any Security. Book-Entry Depository.............  The Federal Reserve Bank of New York or any other depository selected by Ginnie Mae to act in the equivalent capacity as the Federal Reserve Bank of New York. Book-Entry Security..................  Any Security the beneficial ownership of which is reflected in book-entry form rather than certificated form through the facilities of the Book-Entry Depository. Business Day.............................  A day other than (a) a Saturday or Sunday, (b) a day on which the banking institutions in the State of New York are authorized or obligated by law or executive order to remain closed, or (c) a federal legal public holiday as defined in 5 U.S.C. section 6103. Calculated Certificate Factor.....  With respect to any Ginnie Mae Multifamily Certificate for which a Certificate Factor (a) is not available on the Certificate Factor Date, or (b) if available, cannot be verified  by the Trustee as correct and has not been replaced by a Corrected Certificate Factor by 12:00 Noon Eastern Time on the second Business Day preceding a Distribution Date, a factor calculated by the Trustee for such Distribution Date by assuming (i) in the case of a Ginnie Mae Project Loan Certificate, the receipt of all scheduled principal and interest on such Ginnie Mae Project Loan Certificate and (ii) in the case of a Ginnie Mae Construction Loan Certificate no scheduled payments of principal on such Ginnie Mae Construction Loan Certificate. Call Class ..................................  Any Class of Ginnie Mae Guaranteed Callable Pass-Through Security denominated as a Call Class. Call Class Security....................  Any Ginnie Mae Guaranteed Callable Pass-Through Security denominated as a Call Class Security. Callable Class............................  Any REMIC Security for which the underlying Trust Assets consist of Underlying Callable Securities. Callable Class Security .............  Any Ginnie Mae Guaranteed Callable Pass-Through Security denominated as a Callable Class Security and guaranteed by Ginnie Mae under the Ginnie Mae Multiclass Securities Program.