1981-142 CRA - Laserfiche WebLink

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. . I . . or otherwise derived from, the Financing .of the Projects, including without 1 imitat i on all Loan payments and prepayments thereof and other amount received from the respective Participating Parties pursuant to the Agreements and the Promissory Notes, all amounts and properties derived from the enforcement of the Agency's rights and privileges under the Deeds of Trust, assignments .of lessor's interest in leases executed by Participating Parties and security agreements executed by Participating Parties, any guarantees of Promissory Notes, all proceeds derived from the insurance policies maintained pursuant t.o the Agreements, all funds and accounts created pursuant to this Resolution, and all investment earnings on said funds and accounts. (t) Sites. "Sites" means premises upon which Pr.oject 6A is l.ocated, as more particularly described in the Agreement pertaining to Project 6A; and the premises upon which Pr.oject 66 is located as more particularly described in the Agreement pertaining to Pr.oject 66. (u) Supplemental Resolution. "Supplemental Resolution" means any resolution then in full force and effect which has been duly adopted by the Agency at a meeting of the thereof duly convened and held, at which a quorum was present and acted thereon, amendatory of or supplemental to this Resolution; but only if and to the extent that such Supplemental Resolution is specifically authorized hereunder. (v) Taxable Date. "Taxable Date" means the date as of which interest payable on the Note is includable in the gross income of a Noteholder by reason of an Official Determination. Section 1.02. Equal Security. In consideration of the acceptance of the Note by the Bank and by all who shall h.old the same from time to time, this Resolution shall be deemed t.o be and shall constitute a contract between the Agency and the Ho 1 der from time to time of the Note, and the covenants and agreements herein set forth to be performed on behalf of the Agency shall be for the benefit, security and protection of all Holders of the Note without preference, pri.ority or distinction, for any cause whatsoever, except as expressly provided therein or herein. Section 1.03. Findings. Pursuant to Health and Safety Code Section 37629, the Agency hereby fi nds that the Loans to be made from the proceeds of the Notes are to be used for historical rehabilitation as defined in the Act, and the financing of the rehabilitation of the Projects is economically feasible. Section 1.04. N.o Limitation. The provisions of this Resolution are not intended to limit the provlslons of the Purchase Agreement, the Pledge Agreement (as referenced in the Purchase Agreement and referred to herein as the "Pledge Agreement"), the Agreements or the Collateral Assignment (as referenced i n the Agreements and referenced to here i n as the "Co llatera 1 Assignment"), each of which documents is this day being approved by the Agency. 5