Base Offering Circular - Multifamily 482090 77 Permitted Transferee .................. Any person that acquires an Ownership Interest through a Transfer that is not considered null and void by the Trustee under the Standard Trust Provisions or the Trust Agreement. Person......................................... Any individual, corporation, partnership, limited liability company, joint venture, trust (including any beneficiary thereof), unincorporated organization or government or agency or political division thereof. Plan............................................. A plan subject to ERISA, a Qualified Plan, an IRA or any other plan described in Code § 4975. Plan Asset Regulations............... The Department of Labor regulations set forth in 29 C.F.R. § 2510.3-101, as amended from time to time. Plan Investor............................... Any of the following: (a) a “benefit plan investor” that is described in or subject to the Plan Asset Regulations; (b) a plan or arrangement that is subject to Code section 4975; (c) a “governmental plan” as defined in section 3(32) of ERISA; (d) any plan or arrangement that is subject to any federal, state, or local law that is substantially similar to the Plan Asset Regulations, Code section 4975, or ERISA section 3(32); (e) any person acting on behalf of or utilizing the assets of any of the foregoing; and (f) any insurance company that is considered to be a Plan Investor pursuant to the following sentence. An insurance company is a Plan Investor unless all funds used by the insurance company in acquiring a Security were held by the insurance company in its general account, the insurance company will hold the Security in its general account, and the insurance company reasonably believes that its general account and the Security do not and will not constitute “plan assets” for purposes of ERISA and the Plan Asset Regulations. Pool Information Date................ For each Series, the date, specified in the Sponsor Agreement, by which the Sponsor creates a list of the actual Trust Assets to be transferred to the Trust on the Closing Date. Pooling REMIC.......................... With respect to a Trust Agreement that provides for the issuance of a Double REMIC Series, a Trust REMIC that holds assets as specified in the Trust Agreement and issues Pooling REMIC Regular Interests that are held by an Issuing REMIC.