Base Offering Circular Multifamily
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Residual Security ...................... Any Security that represents a Residual Interest in one or more
Trust REMICs.
Reuters Screen LIBO Page........ The display designated as page LIBO on the Reuters Monitor
Money Rates Service (or such other page as may replace the
LIBO page on that service for the purpose of displaying London
interbank offered quotations of major banks).
Scheduled Class ........................ A Class that is designed to receive distributions of principal
using a predetermined schedule, but that fits neither the
definition of a PAC Class, nor the definition of a TAC Class.
Scheduled Component .............. A Component that is designed to receive distributions of
principal using a predetermined schedule, but that fits neither the
definition of a PAC Component, nor the definition of a TAC
Component.
Scheduled Principal Balance..... For any PAC, Scheduled or TAC Class or Component and any
Distribution Date, an amount indicated for such Distribution
Date on the Final Schedule.
Securities Structure ................... The structure of a particular Series, including, as applicable, the
designation, Original Class Principal Balance or original Class
Notional Balance, Interest Rate and Class Type of each Class,
the priority of distributions among the Classes and any call
rights related to a Class.
Security ..................................... A Ginnie Mae Guaranteed Multifamily REMIC Pass-Through
Security or an MX or Modifiable Security.
Security Group .......................... One of two or more groups into which the Securities of a Series
may be segregated as described in the related Trust Agreement
or MX Trust Agreement and Offering Circular Supplement.
Sequential Pay Class ................. A Class that receives distributions of principal in a prescribed
sequence, that do not have predetermined schedules and that
generally are designed to receive distributions of principal
continuously from the first Distribution Date on which they
receive principal until they are retired. Sequential Pay Classes
may receive principal distributions concurrently with one or
more other Sequential Pay Classes.
Series......................................... A series of Securities issued pursuant to a Trust Agreement and,
if applicable, MX Trust Agreement and having the numerical or
other designation specified in the related Trust Agreement.
Single REMIC Series ................ A Series that establishes one or more single-tier Trust REMICs.