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(q) Ordinance. "Ordinance" means Ordinance No. NS160g adopted by the City Council on November 16, lg81, under the Charter, as the same may be amended from time to time. {r) Outstanding. "Outstanding", when used as of any particular time with reference to the Note, means (subject to the provisions of Section 7.04} the principal amount outstanding and unpaid on the Note. {s) Participating Party. "Participating Party" means Mitsubishi Consumer Electronics America, Inc., a corporation organized and existing under the laws of Delaware and in good standing under the laws of the State of California. (t) Payment Date. "Payment Date" means the day of the month with respect to which the term is used herein which is the same as that day of the month on which the Note is delivered or in the event that such day is not a business day, the next preceding day which is a business day. (u) Prime Rate. "Prime Rate" means the floating commercial loan rate of interest of the Bank announced from time to time as its prime rate, as reviewed and adjusted quarterly (to be effective for the subsequent quarter) by the Bank on the Payment Date of the months of January, April, July and October of each year. (v) Project. "Project" means the manufacturing facilities and related appurtenant manufacturing and auxiliary facilities and property, to be constructed on the Site pursuant to the Agreement and the Ordinance. "Project" also means all additions, extensions or improvements thereto, and all subsequent phases thereof, hereafter defined by a Supplemental Resolution as being a part of the Project. (w) Promissory Note. "Promissory Note" means the note executed by the Participating Party evidencing and securing the repayment of the Loan pursuant to the Agreement. (x) .Revenues. "Revenues" means all rents, receipts, payments and other income and revenue received by the City or the Bank with respect to, or otherwise derived from, the Financing of the Project, including without limitation all base loan payments and prepayments thereof received from the Participating Party pursuant to the Agreement and the Promissory Note, all additional payments required to be paid pursuant to Section 1.03(b) of the Agreement, all amounts derived by the City or the Bank from the enforcement of the City's or the Bank's rights and privileges under the Deed of Trust, all proceeds derived by the City or the Bank from the insurance policies maintained pursuant to the Agreement, and all sums required to be deposited in the Note Fund. (y) Site. "Site" means the site of the Project as referenced in the second recita--T-~-f the Agreement.