1981-139 CRA - Laserfiche WebLink

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. . . . . . (s) Revenues. "Revenues" means all rents, receipts, payments and other income and revenue received by the Agency or the Bank with respect to, or otherwise derived from, the Financing of the Projects, including without limitation all Loan payments and prepayments there.of and other amount received from the respective Participating Parties pursuant to the Agreements and the Pr.omissory N.otes, 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 to 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 Project 3A is l.ocated, as more particularly described in the Agreement pertaining to Project 3A; and the premises upon which Pr.oject 3B is l.ocated as more particularly described in the Agreement pertaining to Pr.oject 3B. (u) Supplemental Resoluti.on. "Supplemental Resolution" means any resolution then in full f.orce and effect which has been duly adopted by the Agency at a meeting of the there.of 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 ld1ich interest payable on the Note is includable in the gross inc.ome .of a Noteholder by reason of an Official Determination. Section 1.02. Equal Security. In considerati.on of the acceptance of the Note by the Bank and by all who shall hold the smae fr.om time t.o time, this Resolution shall be deemed to be and shall constitute a contract between the Agency and the Holder 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, priority or distinction, for any cause whats.oever, except as expressly pr.ovided therein or herein. Secti.on 1.03. Findings. Pursuant to Health and Safety Code Section 37629, the Agency hereby finds that the Loans to be made from the pr.oceeds 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. No Limitation. The provisions .of this Resolution are not intended to limit the provisions 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 Agreement (as referenced in the Agreements and referenced to herein as the "Collateral Agreements"), each of which documents is this day being approved by the Agency. 5