Base Offering Circular Multifamily
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Holder........................................ Any person whose name appears on the books and records of the
Registrar as the record holder of a Security. Notwithstanding the
foregoing, where used under Certain Federal Income Tax
Consequences in the Offering Circular, the term Holder
refers to Beneficial Owners of Securities, regardless of
whether the Beneficial Owner is also the registered Holder,
except where the context requires otherwise.
HUD .......................................... The United States Department of Housing and Urban
Development.
Increased Minimum
Denomination Class ..................
A Class designated as such in the Trust Agreement or MX Trust
Agreement, if applicable, which is to be offered and sold in
higher minimum denominations than $1,000.
Information Agent..................... JPMorgan Chase Bank or another Person designated by Ginnie
Mae, that will, among other things, (a) provide information
about the factors on the Trust Assets to the Trustee of the Trust
that owns those Trust Assets, (b) make certain information about
the Securities available to the public (by posting it on e-Access)
and forward that information to Ginnie Mae and the Holders as
provided in the Standard Trust Provisions and (c) keep and
furnish to investors, upon request, copies of any Underlying
Certificate Disclosure Documents and disclosure documents
relating to any Underlying Callable Securities.
Interest Distribution Amount .... With respect to each Series (or, if the Series is segregated into
Security Groups, each Security Group) and each Distribution
Date, the aggregate interest accrued at the Interest Rate of each
related Class for the applicable Accrual Period excluding any
related Accrual Amount.
Interest Only Class .................... A Class that (a) does not have a Class Principal Balance (other
than a Class Notional Balance) and is entitled to payments of
interest only or (b) has only a nominal Class Principal Balance
and a disproportionately high Interest Rate.
Interest Only Security ............... A Security of an Interest Only Class.
Interest Rate .............................. As of any date of determination and with respect to each Class
or Pooling REMIC Interest, the annual interest rate on that Class
or Pooling REMIC Interest as determined in accordance with the
related Trust Agreement or MX Trust Agreement, as applicable.
Interest Type.............................. With respect to a Security, the category of its interest payment
allocation, as identified in Appendix I of the Multifamily Base
Offering Circular.