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"City/Inclusionary Housing Program Loan" means the loan to be made to <br />Developer by City from Inclusionary Housing Program funds pursuant to Article 5 of this <br />Agreement. <br />"City/Inclusionary Housing Program Loan Deed of Trust" means the deed of <br />trust encumbering the Property, in the form attached hereto as Exhibit D, to be executed <br />by Developer pursuant to Section 5.13.2 in order to secure the City/Inclusionary Housing <br />Program Loan Note. <br />"City/Inclusionary Housing Program Loan Note" means that certain promissory <br />note in the original principal amount of $1,514,113, in the form attached hereto as Exhibit <br />E, to be executed by Developer in favor of City to evidence the obligation of Developer to <br />repay the City/hnclusionary Housing Program Loan. <br />"Close of Escrow" shall mean the date upon which the City/Inclusionary Housing <br />Program Loan Deed of Trust is recorded in the Official Records of the County. <br />"Closing Statement" means the final statement of Developer's Escrow account for <br />the purchase and sale of the Property pursuant to the Purchase Contract. <br />"Construction Period" means the period of time cominencing with the Close of <br />Escrow and ending on the Conversion Date. <br />"Conversion Date" means the date on which the Senior Construction Loan is <br />repaid in full and the Senior Permanent Loan is disbursed to Borrower. <br />"County" means the County of Orange, California. <br />"Developer" means Westview House LP, a California limited partnership, its <br />successors and assigns. <br />"Developer's Representative" shall mean the President of the Sole Managing <br />Member of the Administrative General Partner or his/her designee. <br />"Escrow Holder" means Fidelity National Title, 18500 Von Karman Avenue, <br />Suite 600, Irvine, CA 92612. <br />"Event of Default" has the meaning set forth in Section 20.1. <br />"Executive Director" means the Executive Director of the Community <br />Development Agency, or his/her designee. <br />"Extremely Low Income" means an adjusted income that does not exceed thirty <br />percent (30%) of the area median income for the Orange County, California PMSA, <br />adjusted for household size, as published by HUD. <br />Westview House <br />City Inclusionary Housing Program Loan Agreement <br />