1981-040 CRA - Laserfiche WebLink

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amounts realized from the collateral securing repayment of the Loan to Lender, advances by the Lender pursuant to the Agreement to Advance and income or interest earned and profit realized on any rooneys .or securities held pursuant to the Resolution l'ttIich are to be paid into the Revenue Fund pursuant to Section 703. Any Corrrnitment Fees in excess of the aroount required by the Program Documents to be depos ited in the Mortgage Loan Program Account shall be paid to the Agency free and clear of the lien of this Resolution. Prepayment means, with respect to either a Mortgage Loan .or a Loan t.o Lender, any aroount received or recovered which reduces or eliminates the principa 1 amount .of such loan and any prepayment penalty, fee, premium or other such additional charge, but not including any scheduled amortization payments of the principal amount .of such loan, and n.ot including - any Prepayments to be paid to a Lender pursuant to a Mortgage Loan Participation Purchase and Servicing Agreement. Principal Fund means the Fund by that name established and created by Sect ion 501. Principal Installment means, with respect to any particular Principal Installment Date, an amount equal t.o the sum of the aggregate principal amount .of Outstanding B.onds payable on said date. Principal Installment Date means the date on l'ttIich Installments are required to be made pursuant to Section 203. Principal Office, l'ttIen used with respect t.o the Trustee or any Paying Agent, means the principal or c.orporate trust .or head or principal trust office of such Trustee .or Paying Agent situated in the city in l'ttIich such Trustee or Paying Agent is described as being located. Prior Redemption Fund means the Fund so designated l'ttIich is established and created by Sect ion 501. Principal Program Documents means the Loan Agreement, the Collateral Trust and Security Agreement, the Agreement to Advance Regarding Subordination, the Mortgage Loan Participation Purchase and Servicing Agreement, the Sellers' Guide, the Servicers I Guide, the Commitment Contract (and Reservation of Funds), this Resolution and the Rules and Regulati.ons. Project or Projects means one .or roore Residential Construction projects with respect to wh ich a Comnitment Contract (and Reservation of Funds) has been approved and executed. Project Area or Project Areas means the City of Santa Ana C.omnunity Redevelopment Project Area, the Redevelopment Plan f.or l'ttIich was approved by the City C.ouncil pursuant to Ordinance No. 1173, adopted July 2, 1973, as amended. 11 . . . . .