Base Offering Circular Multifamily
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Class .......................................... As to any Trust REMIC, all of the Securities that together
represent one of the Regular Interests in the Trust REMIC or all
of the Securities that together represent the Residual Interest in
such Trust REMIC. As to any MX Trust, all MX Securities or
Modifiable Securities sharing the same designation. As to any
Callable Series, all of the securities sharing the same
designation. The Trust Agreement or MX Trust Agreement, as
applicable, shall specify the designations, Original Class
Principal Balances (if any), original Class Notional Balances (if
any), Interest Rates (if any) and other specific characteristics of
each Class of Securities.
Class Factor............................... With respect to each Class, a number truncated to eight decimal
places calculated by the Trustee and published or otherwise
made available to investors on or about one Business Day
preceding each Distribution Date that, when multiplied by the
Original Class Principal Balance (or original Class Notional
Balance) of that Class, determines the Class Principal Balance
(or Class Notional Balance), after giving effect to any
distribution of principal to be made on the Securities (and any
addition to the Class Principal Balance of any Accrual Class or
Partial Accrual Class) on that Distribution Date.
Class Notional Balance ............. The balance used as a reference to calculate the amount of
interest due on a Notional Class.
Class Principal Balance............. As to any Class other than a Notional Class as of any
Distribution Date, the Original Class Principal Balance of that
Class less all payments of principal previously allocated to that
Class (plus amounts, if any, added to the Class Principal
Balance) on previous Distribution Dates, except as otherwise
provided in the related Offering Circular and Trust Agreement or
MX Trust Agreement, as applicable.
Class R Security........................ A Security that represents a Residual Interest in a Trust REMIC.
Class RI Security....................... A Security that represents a Residual Interest in an Issuing
REMIC.
Class RP Security...................... A Security that represents a Residual Interest in a Pooling
REMIC.
Class RR Security ..................... A Security that represents a Residual Interest in two or more
Trust REMICs.
Class Type................................. An Interest Type, Principal Type or Other Type.