Base Offering Circular - Multifamily 482090 82 REMIC Provisions ..................... Provisions of the federal income tax law relating to REMICs, which appear at Section 860A through 860G of Subchapter M of Chapter 1 of Subtitle A of the Code, and related sections, and regulations and administrative pronouncements promulgated thereunder, as the foregoing may be in effect from time to time. REMIC Series ............................ A series of Ginnie Mae REMIC Securities issued pursuant to a Trust Agreement and having the numerical or other designation specified in the related Trust Agreement. Reserve Interest Rate.................. With respect to each Trust, the rate per annum that the related Trustee determines to be either (a) the arithmetic mean (rounding such arithmetic mean upwards, if necessary, to the nearest whole multiple of 1/16%) of the Eurodollar lending rates of the applicable maturity that the New York City banks selected by the Trustee are quoting, on the relevant Floating Rate Adjustment Date, to the principal London offices of leading banks in the London interbank market or (b) in the event that the Trustee can determine no such arithmetic mean, the lowest Eurodollar lending rate of the applicable maturity that the New York City banks selected by the Trustee are quoting on that Floating Rate Adjustment Date to leading European banks. Residual Class ............................ A Class representing the entire Residual Interest in one or more Trust REMICs. Residual Holder.......................... A Holder of a Residual Security. Residual Interest......................... An interest in a Trust REMIC that is designated in the Trust Agreement as a “residual interest” in such Trust REMIC in accordance with the REMIC Provisions. Residual Security........................ Any Security that represents a Residual Interest in one or more Trust REMICs. Reuters Screen LIBO Page......... The display designated as page “LIBO” on the Reuters Monitor Money Rates Service (or such other page as may replace the LIBO page on that service for the purpose of displaying London interbank offered quotations of major banks).