Plan.............................................
An employee benefit plan subject to ERISA or subject to
Code section 4975.
Plan Asset
Regulations............... The Department of Labor regulations set forth in 29 C.F.R.
§ 2510.3 101, as amended from time.
Plan Investor .............................. Any of the following: (a) a “benefit plan investor” that is
described in or subject to the Plan Asset Regulations; (b) a
plan or arrangement that is subject to Code section 4975;
(c) a “governmental plan” as defined in section 3(32) of
ERISA; (d) any plan or arrangement that is subject to any
federal, state, or local law that is substantially similar to the
Plan Asset Regulations, Code section 4975, or ERISA
section 3(32); (e) any person acting on behalf of or
utilizing the assets of any of the foregoing; and (f) any
insurance company that is considered to be a Plan Investor
pursuant to the following sentence. An insurance company
is a Plan Investor unless all funds used by the insurance
company in acquiring a Security were held by the
insurance company in its general account, the insurance
company will hold the Security in its general account, and
the insurance company reasonably believes that its general
account and the Security do not and will not constitute
“plan assets” for purposes of ERISA and the Plan Asset
Regulations.
Pooling
REMIC.......................... In the case of a REMIC Series in respect of multiple Trust
REMICs (including a Double REMIC Series), a Trust
REMIC that holds assets specified in the Trust Agreement,
and issues Pooling REMIC Regular Interests.
Pooling REMIC Interest............. Each of the Pooling REMIC Regular Interests and each
Pooling REMIC Residual Interest.
Pooling REMIC Regular
Interest........................................
Each of the Regular Interests in a Pooling REMIC.
Pooling REMIC Residual
Interest........................................
The Residual Interest in a Pooling REMIC.
Pooling REMIC
Subaccounts .... In the case of a Double REMIC Series, the accounts
established by the Trustee for tax purposes that represent
the Pooling REMIC Regular Interests.
Prepayment
Penalty.................... With respect to any Mortgage Loan, a fee, equal to a
specified percentage of the principal amount of the
Mortgage Loan, that is required by the terms of the
Mortgage Loan to be paid in connection with voluntary
Base Offering Circular – Multifamily
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