TINY TIM LP (C/O COMMUNITY DEVELOPMENT PARTNERS) (2)

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"Close of Escrow" shall mean the date upon which the Inclusionary Loan Agreement and Inclusionary Deed of Trust is recorded in the Official Records of the County. "Co -General Partner" means IH CDP Partnership LLC, a California limited liability company. "County" means the County of Orange, California. "Developer" means Tiny Tim LP, a California limited partnership. "Developer's Representative" shall mean a representative of the Administrative General Partner designated from time to time by the Administrative General Partner of Developer or his/her designee. "Escrow" is the escrow opened for the closing of the Senior Loan, Agency Loan and Inclusionary City Loan. "Escrow Holder" is Commonwealth Land Title Company. "Event of Default" has the meaning set forth in Section 20.1. "Extremely Low Income" means an adjusted income which does not exceed thirty percent (30%) of the Median Income for the Area, adjusted for household size, as published by the U.S. Department of Housing and Urban Development. "General Partner" means collectively, jointly and severally the Administrative General Partner, the Co -General Partner and the Managing General Partner. "Governmental Authority" means any governmental or quasi - governmental agency, board, bureau, commission, department, court, administrative tribunal or other instrumentality or authority, and any public utility. "Hazardous Materials" means flammable materials, explosives, radioactive materials, hazardous wastes, toxic substances and similar substances and materials, including all substances and materials defined as hazardous or toxic wastes, substances or materials under any applicable law, including without limitation the Resource Conservation and Recovery Act, 42 U.S.C. §§ 6901 et seq., and the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. §§ 9601, et seq., as amended. Hazardous Material shall not include (i) construction products, household cleaners and office materials of the type and quantity ordinarily used in the normal construction, operation, ownership, occupancy and maintenance of properties similar to the Project or (ii) small amounts of household mold to the extent promptly remediated upon discovery. "Housing Authority" means the Housing Authority of the City of Santa Ana (CA093), a public body, corporate and politic.