Base Offering Circular - Multifamily
482090
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such date.
Certificate Factor Date ...............
With respect to each Distribution Date (for each Ginnie
Mae Multifamily Certificate), the seventh Business Day of
the month in which such Distribution Date occurs. With
respect to each Distribution Date and any Underlying
Callable Security, the Business Day during the month in
which such Distribution Date occurs on which the
Certificate Factor therefor is published.
Certificate Guaranty
Agreement..................................
With respect to each Ginnie Mae Multifamily Certificate, an
agreement under which, among other things, (a) the related
Ginnie Mae Issuer has agreed to advance its own funds in
order to make timely payments on the Ginnie Mae
Multifamily Certificate, even if the amounts received on the
underlying Mortgage Loans are less than required to make
these payments, and (b) Ginnie Mae has agreed to guarantee
payments on the Ginnie Mae Multifamily Certificates.
Certificate Rate...........................
For any Distribution Date and as to any Trust MBS, the per
annum interest rate payable on the Trust MBS on the
applicable Ginnie Mae Certificate Payment Date. For any
Distribution Date and as to any Underlying Certificate, the
per annum interest rate payable on such Underlying
Certificate on the applicable Underlying Certificate
Payment Date. For any Distribution Date and as to any
Underlying Callable Security, the per annum interest rate
payable on such Underlying Callable Security on the
applicable Ginnie Mae Certificate Payment Date.
Certificated Security...................
With respect to each Trust, a Security represented by one or
more physical certificates.
Certificated Security Account ....
With respect to each Trust, an Eligible Account established
and maintained by the Trustee, which account will be
credited with amounts distributable to Holders of
Certificated Securities and amounts payable in respect of
the Trustee Fee.
Class ...........................................
All of the Securities that together represent one of the
Regular Interests in a particular Trust REMIC or all of the
Securities that together represent the Residual Interests in
that Trust. As to any Callable Series, all securities sharing
the same designation. The Trust Agreement shall specify
the designations, Original Class Principal Balances (if any),