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substances or materials under any applicable law, including without limitation the
<br />Resource Conservation and Recovery Act, 42 U.S.C. §§ 6901 et se ., and the
<br />Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42
<br />U.S.C. §§ 9601, et seq., as amended.
<br />"HUD" means the United States Department of Housing and Urban
<br />Development and any successors or assigns thereof.
<br />"Improvements" means all improvements and fixtures now and hereafter
<br />comprising any portion of the Property, including, without limitation, landscaping, trees
<br />and plant materials; and offsite improvements (including, without limitation, streets,
<br />curbs, storm drains, and adjacent street lighting).
<br />"Indebtedness" of a person means (a) all indebtedness for borrowed
<br />money, (b) notes payable and drafts accepted representing extensions of credit, whether
<br />or not representing obligations for borrowed money, (c) any obligation for the purchase
<br />of property or services in excess of $10,000 in the aggregate that is (i) deferred for more
<br />than six (6) months, or (ii) evidenced by a note or similar instrument, and ( d) all recourse
<br />and all non -recourse indebtedness secured by any Lien on any property or asset of such
<br />person (whether or not assumed by such person).
<br />"Indemnitees" has the meaning set forth in Section 14.5.
<br />"Laws" means all statutes, laws, ordinances, regulations, orders, writs,
<br />judgments, injunctions, decrees or awards of the United States or any state, county,
<br />municipality or other Governmental Authority.
<br />"Lien" means any lien, mortgage, pledge, security interest, charge or
<br />encumbrance of any kind (including any conditional sale or other title retention
<br />agreement, any lease in the nature thereof, and any agreement to give any lien or security
<br />interest).
<br />"Limited Partner" means the Limited Partners of Developer pursuant to
<br />the Partnership Agreement, and their successors and assigns.
<br />"Loan Documents" means, collectively, this Agreement, the Housing
<br />Successor Agency Loan Note, the Housing Successor Agency Loan Deed of
<br />Trust, the Affordability Restrictions on Transfer of Property, and any other
<br />agreement, document, or instrument that the Agency requires in connection with
<br />the execution of this Agreement or from time to time to effectuate the purposes of
<br />this Agreement.
<br />"Low Income" means an adjusted income which does not exceed eighty
<br />percent (80%) of the area median income for the Orange County, California PMSA,
<br />adjusted for household size, as published by HUD.
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