Base Offering Circular - Multifamily 482090 80 respect of any Distribution Date.  For the first Distribution Date, the product in clause (a) above shall be the principal amount of the related Trust MBS as of the Closing Date. When preceded by a group designation (e.g., the “Group 2 Principal Distribution Amount”), such amount for the specified Trust Asset Group. Principal Only Class................... A Class with a fixed Interest Rate of zero. Principal Only Security .............. A Security of a Principal Only Class. Principal Type ............................ With respect to a Security, the category of its principal allocation, as identified in Appendix I of the Multifamily Base Offering Circular. Program Legal Advisor .............. A law firm designated by Ginnie Mae to act as legal advisor to Ginnie Mae in connection with the Ginnie Mae Multiclass Securities Program.  The name and address of the current Program Legal Advisor are contained in the Ginnie Mae REMIC Guide in the document entitled “Ginnie Mae REMIC Transaction Participants.” Qualified Plan............................. A Plan described in Code section 401(a). Record Date................................ For each Security with respect to each Distribution Date, unless otherwise specified in the related Trust Agreement, the last Business Day of the month immediately preceding the month in which that Distribution Date occurs. Redemption Amount .................. With respect to a Callable Class Security that is being redeemed, the sum of (i) the outstanding principal balance of the Trust MBS underlying such Callable Class, based on the Certificate Factors published for such Trust MBS for the month prior to the month of redemption, and (ii) an amount equal to the interest that would be payable on such Callable Class Security for the period from the first day of the month of redemption to the Redemption Date, calculated on the basis of its Interest Rate and the Class Factor published in the month preceding redemption. Redemption Date........................ The Distribution Date on or after the Initial Redemption Date on which a Callable Class Security is redeemed. Redemption Price....................... With respect to a Callable Class Security that is being redeemed, the sum of (a) 100% of the outstanding principal balance of such Callable Class Security; (b) accrued interest at the Interest Rate borne by such Callable Class Security