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"Property" means the Developer’s leasehold interest in the property that is <br />located at 801, 807, 809 and 809 ½ E. Santa Ana Blvd. in the City of Santa Ana, and as more <br />fully described in the “Legal Description” of the Property attached hereto as Exhibit A and <br />incorporated herein by reference. <br /> <br />"PWB” means Pacific Western Bank. <br /> <br />"PWB Loan" means a loan from PWB concurrent to the Agency Loan for <br />payment of a portion of the acquisition and construction costs, and shall include any <br />subsequent loan that permanently refinances the PWB Loan. <br /> <br />"PWB Loan Deed of Trust" means the first deed(s) of trust securing the <br />PWB Loan by encumbering the Property. <br /> <br />"PWB Loan Documents" means, collectively, the loan agreement <br />governing the PWB Loan, the PWB Loan Note, the PWB Loan Deed of Trust, and any <br />other agreement, document or instrument that PWB requires in connection with the PWB <br />Loan. <br /> <br /> "PWB Loan Note" means the promissory note evidencing the PWB Loan <br />from PWB. <br /> <br /> "Scope of Work/Schedule of Performance" means the detailed statement <br />of the work to be performed by Developer on and to the Property pursuant to this <br />Agreement, along with the Schedule of Performance setting forth timeframes for certain <br />tasks, which document is attached hereto as Exhibit F. <br /> <br />"Senior Construction Loan Lender" means PWB. <br /> <br />"Senior Construction Loan" means the PWB Loan. <br /> <br />"Senior Construction Loan Deed of Trust" means the PWB Deed of <br />Trust. <br /> <br />"Senior Construction Loan Documents" means the PWB Loan <br />Documents. <br /> <br />"Senior Construction Loan Notes" means the PWB Note. <br /> <br />"Senior Lenders" means the Senior Construction Loan Lender. <br /> <br />"Senior Loan Deed of Trust" means the Senior Construction Loan Deed <br />of Trust and the Senior Permanent Loan Deed of Trust. <br /> <br /> "Senior Loan" means the Senior Construction Loan. <br /> <br /> "Senior Loan Documents" means collectively the Senior Construction <br />Loan Documents and the Senior Permanent Loan Documents. <br />EXHIBIT 4