Base Offering Circular – Multifamily 482090 86 MBS and (ii) the Certificate Factor, Corrected Certificate Factor or Calculated Certificate Factor, as applicable, for the preceding Distribution Date exceeds (b) the product of (i) the original principal amount of the Trust MBS and   (ii) the Adjusted Certificate Factor for the current Special Excess Distribution Date. Special Excess Distribution Date ............................................         The 25th day of each month in which a Special Excess Distribution Amount is required to be distributed to Holders of Book-Entry Securities backed by Ginnie Mae Multifamily Certificates or, if the 25th day is not a Business Day, the first Business Day thereafter. Special Excess Distribution Date Statement ...........................         With respect to each Series backed by Ginnie Mae Multifamily Certificates and each Special Excess Distribution Date, instructions, in such form as is approved by the Trustee, the Book-Entry Depository and Ginnie Mae, based on the Adjusted Class Factors and any notice received by the Trustee regarding any Prepayment Penalties, and providing for the disbursement of funds in respect of the payment of the Supplemental Trustee Fee and all amounts distributable to Holders of the related Series on the Special Excess Distribution Date. Special Tax Consent...................         The written consent of the Holder of a Residual Security to any tax (or risk thereof) arising out of a proposed transaction or activity that may be imposed upon that Holder or that may affect adversely the value of that Holder’s Residual Security. Special Tax Opinion...................         With respect to a Trust, an Opinion of Counsel that a proposed transaction or activity will not (a) affect adversely the status of any Trust REMIC as a REMIC or (b) give rise to a tax upon the Trust or any Trust REMIC that exceeds the amount available for distribution on the related Residual Securities in the month in which the tax is due. Sponsor.......................................         With respect to any Trust, the Person, identified in the related Trust Agreement, who establishes the Trust by (a) executing such Trust Agreement, and (b) depositing the Trust Assets in the Trust in exchange for the Securities.