80A - HOUSING AND SUBORDINATION LOANS

Home Browse Search

EXHIBIT 6 APPENDIX I (Appendix I - Definitions) As used in the agreement to which this Appendix I is attached, and as used In this Appendix I, the following terms shall have the Indicated meanings: "Allocation Committee" shall mean the California Tax Credit Allocation Committee and any successor governmental agency appointed to carry out the obligations of the Allocation Committee. "Bank" shall mean MUFG Union Bank, N.A., acting in Its capacity as holder of the Funding Loan Note and as assignee of and agent for the Governmental Lender, pursuant to the Funding Loan Agreement, its successors and assigns. "Borrower" shall mean Cornerstone Housing Partners LP, a California limited partnership. "Borrower Loan" shall mean the ///[$17,250,000]/// construction and permanent loan to be made by Governmental Lender to Borrower, pursuant to the Borrower Loan Agreement. "Borrower Loan Agreement" shall mean the Construction and Permanent Loan Agreement (Multifamily Housing Back to Back Loan Program) dated September 1, 2019, executed by Borrower, Governmental Lender and Bank. "Borrower Loan Documents" shall mean the Borrower Loan Agreement, the Borrower Note, the Deed of Trust and all other documents evidencing, securing or pertaining to the Borrower Loan. "Borrower Note" shall mean the Promissory Note (Multifamily Housing Back to Back Loan Program) in the amount of /1/[$17,250,000]1// dated September 1, 2019, executed by Borrower in favor of Governmental Lender. "Code(s)" shall mean the Internal Revenue Code of 1986, as amended from time to time, or the corresponding provisions of any successor federal income tax law and, if applicable, the California Revenue and Taxation Code, as amended from time to time, or the corresponding provisions of any successor state income tax law. Any reference to a particular provision of the Code(s) shall Include any amendment of such provision or the corresponding provision of any successor federal income tax law or state income tax law. "Deed of Trust" shall mean that certain Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing (Construction Trust Deed) (Multifamily Housing Back to Back Loan Program) of even date of the Borrower Note, executed by Borrower for the benefit of Governmental Lender and Bank and encumbering the Property. "Funding Loan Agreement" shall mean the Funding Loan Agreement between the Governmental Lender and the Bank in connection with the Issuance of the Funding Loan Note. "Funding Loan Note" shall mean that certain Governmental Lender Housing Revenue Note (Cornerstone Apartments) 2019 Series A, executed by Governmental Lender in favor of Bank in the principal amount of ///[$17,250,000]///. "General Partner(s)" shall mean JHC-Comerstone ll, LLC, a Califomla limited liability company. "Governmental Lender" shall mean the California Municipal Finance Authority, a joint exercise of powers agency, duly organized and existing under the laws of the State of California. 4820-2714.2560v.4 0096250-000020 80A-301