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i0a:11-111 a <br />entity, including but not limited to HCD, which provides predevelopment, acquisition, construction <br />and/or permanent financing for Tenant's acquisition and development of the Property. <br />1.1.34. "Lessor's Interest" shall mean all of County's and Agency's interests in the <br />real property, the Premises, this Lease as tenants -in -common and their existing and reversionary <br />interest in the real property, Premises, as well as the Improvements upon the expiration of the Term <br />or earlier termination thereof. <br />1.1.35. "Lessor Parties" shall mean, collectively and individually, the County, the <br />Agency and their respective Affiliates, governing boards, agents, employees, members, officers, <br />directors and attorneys. <br />1.1.36. "Limited Partner" shall mean any limited partner or investor member (and <br />its successors and/or assigns) of Tenant and shall include all references to "investor" in this Ground <br />Lease. <br />1.1.37. "Net Refinancing Proceeds" is defined in Section 3.2. <br />1.1.38. "Net Syndication Proceeds" is defined in Section 3.2. <br />1.1.39. "New Lease" is defined in Section 17.7.1. <br />1.1.40. "Operating Costs" is defined in Section 3.4.1. <br />1.1.41. "Ownership Interests" shall mean the share(s) of stock, partnership <br />interests, membership interests, other equity interests or any other direct or indirect ownership <br />interests in Tenant, regardless of the form of ownership and regardless of whether such interests are <br />owned directly or through one or more layers of constituent partnerships, corporations, limited <br />liability companies, or trusts. <br />1.1.42. "Partnership Related Fees" shall mean the following fees of Tenant (or <br />partners thereof pursuant to Tenant's Partnership Agreement) which are actually paid including: <br />(i) a limited partner asset management fee payable to the Limited Partner in the <br />annual amount of $5,000 (increased annually by 3%); and <br />(ii) partnership management fee (administrative and/or managing general partner) <br />payable to the general partners of Tenant in the aggregate annual amount of $20,000 (increased <br />annually by 3%). <br />1.1.43. "Person" shall include firms, associations, partnerships, joint ventures, trusts, <br />corporations and other legal entities, including public or governmental bodies, agencies or <br />instrumentalities, as well as natural persons. <br />1.1.44. "Premises" shall mean that certain real property containing approximately <br />2.28 acres of undeveloped land in the City, together with all easements, rights and privileges <br />appurtenant thereto, to be leased to Tenant pursuant to this Lease and on which Tenant intends to <br />construct the Improvements. The legal description of the Premises is attached hereto as Exhibit A. <br />A rendering showing the approximate boundaries of the Premises is attached hereto as Exhibit A-1. <br />Page 17 <br />.O � ' • <br />