04 - Agmt - 605-611 E Washington

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County. "Official Records" means the official land records maintained by the Rccordor of the "Partnership Agreement" means the Amended and Restated Limited Partnership Agreement of Santa Ana WBBB, LP, dated August 9, 2010, as it may be amended in accordance with the financing for the Project that is approved by the Executive Director pursuant to Section 311.. "Project" means the construction of the improvements upon the Property and the operation of the Project by Developer pursuant to this Agreement and the Project Documents. "Project Costs" means all costs of any nature accordance with generally accepted accounting principle "Project Documents" means this AgreeiYepti~ and NSP Documents, the Affordability Restrictions, and all"'other da to be executed by Developer in furtherance of the Project. "Promissory Notes" means the Agency "Property" means that certain lj~}oel of real~~g Washington in the City of Santa Ana, ~tid3"s,ttlgre fully Property attached hereto as Exhibit A, which is ui~prporab "Redevelopment"hats",aneans the G Safety Code Section 33009, eI seq; rys it may connection with the Project in Loan Documents, the ;ements and instruments the City Promissory Note. that is located `at 605-611 East d in the Legal Description of the by reference. to time. Law, Health and "Release of Consteuction CoYenauts" has the meaning set forth in Section 310. "RetaiuagQ" As:defined in,yS~ehon~6~s);,~, "Schedule of Peiformane`e';'~iheans the Schedule of Pet•fonnance attached hereto as Exhibit J and incorpoi~~ted heroin, whichsets forth,the dates and/or time periods by which certain obligations set forth iii ,jlifi Agreement mint be aeuiTxpplished. The Schedule of Performance is subject to ~,.~..,, revision from ~~titze to time as mutually agreed upon in writing between the Developer and the Executive Director, ahd the ExoGUtive Director is authorized to make such revisions as he or she deems reasonably necessary , "Satpe of Developmey~'"~4neans the Scope of Development attached hereto as Exhibit K and incorporated herein, which'~'~describes the scope, amount and quality of development of the Improvements to be constructed by the Developer pursuant to the terms and conditions of this Agreement. "Senior Lender" means the state of federal financial institution that provides the Senior Loan, as approved by City pursuant to Section 311. "Senior Loan" shall mean the senior loan being made by the Senior Lender concurrent with the Agency Loan and the City Loan, for payment of a portion of the Project Costs, and shall include any subsequent loan that refinances the initial Senior loan (as approved by the Executive Director). The Senior Loan shall consist of those related loan documents including, but not limited to the Senior Loan Agreement and the Senior Deed of Trust (collectively "Senior Loan Doeutnents"). 8