Base Offering Circular Multifamily
63
Callable Series........................... A Series of Ginnie Mae Guaranteed Callable Pass-Through
Securities issued pursuant to a Trust Agreement and having the
numerical or other designation specified in the related Trust
Agreement.
Callable Standard Trust
Provisions..................................
With respect to each Callable Trust, the Standard Trust
Provisions in effect as of the date of the related trust agreement
and incorporated by reference therein.
Callable Trust............................ A trust created pursuant to a trust agreement for the purpose of
issuing Call and Callable Class Securities.
Certificate Factor....................... With respect to each Trust MBS or Underlying Callable Security
and each Certificate Factor Date, the factor for such date.
Certificate Factor Date .............. With respect to each Distribution Date and any Ginnie Mae
Multifamily Certificate, the seventh Business Day of the month
in which such Distribution Date occurs. With respect to each
Distribution Date and any Underlying Callable Security, the
Business Day during the month in which such Distribution Date
occurs on which the Certificate Factor therefor is published.
Certificate Guaranty
Agreement.................................
With respect to each Ginnie Mae Multifamily Certificate, an
agreement under which, among other things, (a) the related
Ginnie Mae Issuer has agreed to advance its own funds in order
to make timely payments on the Ginnie Mae Multifamily
Certificate, even if the amounts received on the underlying
Mortgage Loans are less than required to make these payments,
and (b) Ginnie Mae has agreed to guarantee payments on the
Ginnie Mae Multifamily Certificates.
Certificate Rate.......................... For any Distribution Date and as to any Trust MBS, the per
annum interest rate payable on the Trust MBS on the applicable
Ginnie Mae Certificate Payment Date. For any Distribution
Date and as to any Underlying Certificate, the per annum interest
rate payable on such Underlying Certificate on the applicable
Underlying Certificate Payment Date. For any Distribution Date
and as to any Underlying Callable Security, the per annum
interest rate payable on such Underlying Callable Security on the
applicable Ginnie Mae Certificate Payment Date.
Certificated Security.................. With respect to each Trust or MX Trust, as applicable, a Security
represented by one or more physical certificates that is not a
Book-Entry Security.