Base Offering Circular Multifamily
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Special Tax Consent.................. The written consent of a Residual Holder to any tax (or risk
thereof) arising out of a proposed transaction or activity that may
be imposed upon that Holder or that may affect adversely the
value of that Holders Residual Security.
Sponsor...................................... With respect to any Trust or MX Trust, the Person, identified in
the related Trust Agreement and any MX Trust Agreement, who
establishes the Trust by (a) executing such Trust or MX Trust
Agreement, and (b) depositing the appropriate Trust Assets in
the Trust or MX Trust in exchange for the Securities.
Sponsor Agreement................... An agreement, which incorporates by reference the related
Standard Sponsor Provisions, pursuant to which, among other
things, the Sponsor agrees, subject to certain conditions, to
convey the Trust Assets to the Trust and to purchase the
Securities from the Trust, and Ginnie Mae agrees, subject to
certain conditions, to guarantee the Securities.
Standard Sponsor Provisions .... With respect to each Series, the Standard Sponsor Provisions in
effect as of the date of the related Sponsor Agreement.
Standard Trust Provisions ......... The REMIC Standard Trust Provisions or the MX Standard
Trust Provisions, as the context requires.
Startup Day ............................... With respect to a Trust REMIC, the first date on which the
Regular Interests and the Residual Interest in respect of such
Trust REMIC are issued or such other date designated in the
Trust Agreement as the startup day of the REMIC in accordance
with Treasury Regulations sections 1.860G-1(a)(4) and 1.860G-
2(k).
Sticky Jump Class ..................... A Class for which the principal distribution priorities change
permanently upon the occurrence of one or more trigger
events. A Sticky Jump Class jumps to its new priority on the
first distribution Date when the trigger condition is met and
retains (sticks to) that priority until retired.
Strip Class ................................. A Class that receives a constant proportion, or strip, of the
principal payments on the underlying Trust Assets.
Structural Collateral Class......... A Class that is designed to receive payments based on
distributions of Underlying Certificates.