related trust agreement.
Underlying Certificate................ As to any Ginnie Mae REMIC Trust, any previously issued
REMIC certificate backed by Ginnie Mae Multifamily
Certificates, and any Certificate conveyed thereto by the
related Sponsor.
Underlying Certificate
Factor .... With respect to each Underlying Certificate, the factor
provided by the related issuer, information agent or trustee
for such Underlying Certificate.
Underlying Certificate Payment
Date ............................................
With respect to an Underlying Certificate, the day of each
month on which payment is required to be made to the
holder of such Underlying Certificate.
Underlying Certificate
Disclosure Documents ...............
The prospectus, offering circular or other disclosure
document pursuant to which an Underlying Certificate was
offered.
Underlying REMIC
Security ..... Any Ginnie Mae Securities conveyed to an MX Trust by a
Sponsor pursuant to an MX Trust Agreement.
Underlying Series....................... As to each Underlying Certificate, the related Series of
certificates.
Underlying
Trust ........................ As to any Underlying Series, the related segregated Trust.
U.S.
Person.................................
A Person that is (i) a citizen or resident of the United
States; (ii) a corporation that is organized under the laws of
the United States, any state thereof or the District of
Columbia, including an entity treated as a corporation for
federal income tax purposes; (iii) a partnership, including
any entity treated as a partnership for federal income tax
purposes (other than a partnership that is not treated as a
United States person under any applicable Treasury
regulation) organized under the laws of the United States,
any state thereof, or the District of Columbia none of the
interests of which are owned, directly or indirectly through
one or more pass through entities, by any person that is not
a U.S. Person within the meaning of this paragraph; (iv) an
estate that is subject to United States federal income
taxation regardless of the source of its income; (v) a trust if
a court within the United States is able to exercise primary
supervision over the administration of such trust and one or
more United States persons have the authority to control all
substantial decisions of the trust (or to the extent provided
in the applicable Treasury regulations, certain trusts in
existence on August 20, 1996, that are eligible to be treated
Base Offering Circular – Multifamily
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