1981-140 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 aoo prepayments thereof and other amount received from the respective Participating Parties pursuant to the Agreements and the Pr.omissory Notes, all amounts aoo 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 in.surance policies maintained pursuant to the Agreements, all funds and accounts created pursuant to this Resolution, and all investment earnings on said funds aoo accounts. (t) Sites. "Sites" means premises l{.Ion which Project 4A is located, as more particularly described in the Agreement pertaining t.o Project 4A; the premises upon which Pr.oject 4B is located as more particularly described in the Agreement pertaining to Project 4B; aoo the premises upon which Project 4C is located as more particularly described in the Agreement pertaining t.o Project 4C. (u) Supplemental Resolution. "Supplemental Resolution" means any resolution then in full force aoo 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 N.oteholder by reas.on of an Official Determinati.on. . Section 1.02. Equal Security. In consideration of the acceptance of the Note by the Bank and by all who shall hold the same from time to 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 here inset forth to be performed on beha lf of the Agency sha 11 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. ~in~in~. Pursuant to Health and Safety Code Section 37629, the Agency here y 1 n s 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. 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 Assignment (as 5