Base Offering Circular Multifamily
81
Principal Only Class.................. A Class with a fixed Interest Rate of zero.
Principal Only Security............. A Security of a Principal Only Class.
Principal Type ........................... With respect to a Security, the category of its principal
allocation, as identified in Appendix I of the Multifamily Base
Offering Circular.
Program Legal Advisor............. A law firm designated by Ginnie Mae to act as legal advisor to
Ginnie Mae in connection with the Ginnie Mae Multiclass
Securities Program. The name and address of the current
Program Legal Advisor are contained in the Ginnie Mae REMIC
Guide in the document entitled Ginnie Mae REMIC
Transaction Participants.
Record Date............................... For each Security with respect to each Distribution Date, unless
otherwise specified in the related Trust Agreement or MX Trust
Agreement, if applicable, the last Business Day of the month
immediately preceding the month in which that Distribution
Date occurs.
Reference Banks........................ The four leading banks engaged in transactions in Eurodollar
deposits in the international Eurocurrency market (a) with an
established place of business in London, (b) whose quotations
appear on the Reuters Screen LIBO Page on the Floating Rate
Adjustment Date in question and (c) which have been designated
as such by the Trustee and are able and willing to provide those
quotations to the Trustee on each Floating Rate Adjustment
Date. If any Reference Bank designated by the Trustee should be
removed from the Reuters Screen LIBO Page or in any other
way fails to meet the qualifications of a Reference Bank, the
Trustee may, in its sole discretion, designate an alternative
Reference Bank.
Register ..................................... The register maintained by the Registrar for the Holders with
respect to each Trust and MX Trust.
Registrar .................................... With respect to each Series, the Trustee or any successor
registrar appointed pursuant to the related Trust Agreement and
MX Trust Agreement, as applicable.
Regular Class ............................ A Class of Regular Securities.
Regular Holder.......................... A Holder of a Regular Security.