Base Offering Circular - Multifamily
482090
86
Structural Excess
Assumptions...............................
The assumptions in respect of a Distribution Date that (a) no
defaults or late payments occur on the Trust Assets and (b)
the amount of principal received on the Trust Assets in the
related Accrual Period is equal to the aggregate amount of
principal to be distributed to Holders on such Distribution
Date.
Structuring Range.......................
With respect to a PAC Class or Component or group of
PAC Classes or Components or a Scheduled Class or
Component or group of Scheduled Classes or Components,
the range of constant prepayment rates that was used to
calculate its Scheduled Principal Balances.
Structuring Rate .........................
With respect to a TAC Class or Component or group of
TAC Classes or Components, the constant prepayment rate
that was used to calculate its Scheduled Principal Balances.
Supplemental Statement.............
A statement posted on gREX after a transaction closes
showing any characteristics of the Securities that differ
significantly from those shown in the Offering Circular.
Supplemental Trustee Fee..........
With respect to each Special Excess Distribution Date for a
Series, the fee payable to the Trustee as provided in the
Trust Agreement.
TAC Class ..................................
A Class that is designed to receive distributions of principal
using a predetermined schedule derived by assuming a
single constant prepayment rate for the underlying Mortgage
Loans.
TAC Component ........................
A Component that is designed to receive distributions of
principal using a predetermined schedule derived by
assuming a single constant prepayment rate for the
underlying Mortgage Loans.
Tax Administrator ......................
With respect to a Trust, the Person designated in the Trust
Agreement to perform certain tax administrative functions
for the Trust.
Tax Matters Person ....................
The Person or Persons designated from time to time in the
Trust Agreement to act as tax matters person (within the
meaning of the REMIC Provisions) of a Trust REMIC.