Base Offering Circular - Multifamily 482090 76 (e.g., PAC I, PAC II) having different structuring ranges. The structuring range for a PAC I Component of a Series or Security Group usually is wider than the structuring range for a PAC II Component of such Series or Securities Group, as applicable. Partial Accrual Class.................. A Class on which interest accrues during any Accrual Period and (a) a portion of such accrued interest is added to its principal amount on each Distribution Date and is not distributable as interest thereon until a later date or the occurrence of a specified future event, and (b) simultaneously, the Class receives distributions of the remainder as interest.  The interest that accrues on such Class but is not distributed to such Class is distributed to certain Accretion Directed Classes or other Classes as principal. Partial Accrual Security ............. A Security of a Partial Accrual Class. Participant .................................. With respect to a Series, a Person named in the related Sponsor Agreement as Sponsor, Participating Affiliate, Co- Sponsor (if any), Trust Counsel, Co-Trust Counsel (if any), Accountants, Trustee or Trustee’s Counsel. Participating Affiliate................. As specified in the Sponsor Agreement, an Affiliate of the Sponsor, which Affiliate is participating in the related transaction. Paying Agent.............................. The Book-Entry Depository or another Person appointed with Ginnie Mae’s consent to act, pursuant to the Trust Agreement, as paying agent. Percentage Interest ..................... As to any Security or Pooling REMIC Interest, for purposes of allocating distributions, the percentage interest evidenced thereby in distributions required to be made on the related Class, that percentage interest being (a) set forth on the face of that Security or Pooling REMIC Interest or (b) equal to the percentage obtained by dividing the denomination of that Security or Pooling REMIC Interest, as applicable, by the aggregate of the denominations of all Securities or Pooling REMIC Interests, as applicable, of the related Class.