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highest rate of interest permissible under the Laws not to exceed the rate of twelve percent (12%)
<br />per annum.
<br />1.1.17. "Laws" shall mean all laws, codes, ordinances, statutes, orders and
<br />regulations now or hereafter made or issued by any federal, state, county, local or other
<br />governmental agency or entity that are binding on and applicable to the Premises and
<br />Improvements.
<br />1.1.18. "Lease" shall mean this Ground Lease (including any and all addenda,
<br />amendments and exhibits hereto), as now or hereafter amended.
<br />1.1.19. "Lender" shall mean: (a) a bank, savings bank, investment bank, savings
<br />and loan association, mortgage company, insurance company, trust company, commercial credit
<br />corporation, real estate investment trust, pension trust or real estate mortgage investment conduit;
<br />or (b) some other type of lender engaged in the business of making commercial loans, provided
<br />that such other type of lender has total assets of at least $2,000,000 and capital/statutory surplus
<br />or shareholder's equity of at least $500,000,000 (or a substantially similar financial capacity if the
<br />foregoing tests are not applicable to such type of lender); or (c) a local, state or federal
<br />governmental entity, which provides predevelopment, construction and/or permanent financing
<br />for Tenant's development of the Property.
<br />1.1.20. "Lessor's Interest" shall mean all of Lessor's interests in the real property,
<br />the Premises, this Lease and its existing interest in the real property, Premises, as well as the
<br />Improvements upon the expiration of the Term or earlier termination thereof.
<br />1.1.21. "Lessor Parties" shall mean, collectively and individually, the City and its
<br />respective Affiliates, governing boards, agents, employees, members, officers, directors and
<br />attorneys.
<br />1.1.22. "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 />1.1.23. "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
<br />are owned directly or through one or more layers of constituent partnerships, corporations, limited
<br />liability companies, or trusts.
<br />1.1.24. "Person" shall include firms, associations, partnerships, joint ventures,
<br />trusts, corporations and other legal entities, including public or governmental bodies, agencies or
<br />instrumentalities, as well as natural persons.
<br />1.1.25. "Premises" or "Property" shall mean that certain real property containing
<br />undeveloped land in the City, together with all easements, rights and privileges appurtenant
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