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"Conveyance" means the conveyance of the Sites in each Phase to Developer by recordation of the Grant Deeds fi•om the Agency on the Closing Date. "Date of Agreement" is set forth in the first paragraph hereof. "Default" means the failure of a patty to perform any action or covenant required by this Agreement within the time periods set forth herein following notice and opportunity to cure, as set forth in Section 501 hereof. "Design Development Drawings" means those plans and drawings to be submitted to the City for its approval, pursuant to Section 302 hereof. "Developer" means Habitat for Humanity of Orange County, Inc., a California non-profit public benefit corporation. "Developer Deed of Trust" means each Deed of Trust, signed by Developer, which shall be recorded as an encumbrance against each Site, as conveyed by Agency to Developer substantially in the form of Exhibit E hereto which is incorporated herein. "Developer Grant Deed" means the grant deed for the conveyance of each Site in a Phase from the Agency to the Developer, substantially in the form of Exhibit C hereto which is incorporated herein. "Developer Parties" is defined in Section 208.7. "Developer Promissory Note" means each Promissory Note signed by Developer in the amount of the Agency assistance for each Site substantially in the form of Exhibit D hereto which is incorporated herein. "Developer's Conditions Precedent" means the conditions precedent to each Closing to the benefit of the Developer, as set forth in Section 205.2. "Environmental Laws" means a federal, state or local law, statute, ordinance or regulation pertaining to environmental regulation, contamination or cleanup of any Hazardous Materials including, but not limited to: (i) Sections 25115, 25117, 25122.7, or 25140 of the California Health and Safety Code, Division 20, Chapter 6.5 (Hazardous Waste Control Law), (ii) Section 25316 of the California Health and Safety Code, Division 20, Chapter 6.8 (Carpenter-Presley-Tanner Hazardous Substance Account Act), (iii) Section 25501 of the California Health and Safety Code, Division 20, Chapter 6.95 (Hazardous Materials Release Response Plans and Inventory), (iv) Section 25281 of the California Health and Safety Code, Division 20, Chapter 6.7 (Underground Storage of Hazardous Substances), (v) Article 9 or At-ticle 11 of Title 22 of the California Administrative Code, Division 4, Chapter 20, (vi) Section 311 of the Clean Water Act (33 U.S.C. section 1317), (vii) Section 1004 of the Resource Conservation and Recovery Act, 42 U.S.C. section 6901, et seq. (42 U.S.C. section 6903, (viii) Section 101 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. section 9601 et seq., or (ix) any state or federal lien or "superlien" law, any environmental cleanup statute or regulation, or any permit, approval, authorization, license, variance or permission required by any governmental authority having jurisdiction. EXHIBIT 4