Base Offering Circular Multifamily
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Class Type.................................. An Interest Type, Principal Type or Other Type.
Closing Date............................... For each Series, the date upon which the Sponsor, pursuant
to the Trust Agreement, deposits the Trust Assets in the
Trust in exchange for the Securities and settles and pays
for the Securities.
Closing Documents .................... With respect to each Series, those documents, specified in
the related Sponsor Agreement, that are to be executed by
the parties to the transaction on or before the Closing Date.
Code ........................................... The Internal Revenue Code of 1986, as amended.
COFI........................................... The weighted average cost of funds for member savings
institutions of the Eleventh Federal Home Loan Bank
District.
COFI Class................................. A Class bearing interest at a rate determined by reference
to COFI.
Collection Account..................... With respect to any Trust, a separate Eligible Account,
established and maintained by the Trustee to the extent
required by the applicable Trust Agreement.
Combination............................... Each combination specified in the Combination
Schedule.
Combination Schedule ............... The schedule entitled Available Combinations and
attached as an exhibit to an Offering Circular Supplement.
Component ................................. With respect to any Component Class, one of the
component parts of such Class. The Components of a
Component Class may have different principal and/or
interest distribution characteristics, but together they
constitute a single Class and are not separately transferable
from the related Class. Each Component may be
categorized according to one or more Class Types.
Component Class ....................... A Class comprised of Components.
Component Principal Balance.... As to any Component as of any Distribution Date, the
Original Component Principal Balance of that Component
less all principal previously allocated to that Component
(plus amounts, if any, added to the Component Principal
Balance) on previous Distribution Dates, except as
otherwise provided in the related Offering Circular and
Trust Agreement.