Laserfiche WebLink
Amount <br />$ <br />Date <br />$ Total <br />"Borrower Initial Equity" shall mean an initial installment of the Equity Contributions made to <br />Borrower by the Equity Investor in an amount of at least $ to be made on or prior to the <br />Closing Date. <br />"Borrower IRP Note" shall mean that certain IRP Multifamily Note dated as of the Closing Date <br />in the original maximum principal amount of $ [ConPrirL~mt] made by Borrower and payable to <br />Governmental Lender, as endorsed and assigned to the Funding Lender, as it may be amended, <br />supplemented or replaced from time to time. <br />"Borrower Loan" shall mean the mortgage loan made by the Governmental Lender to the <br />Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower <br />Loan Amount, as evidenced by the Borrower Notes. <br />"Borrower Loan Agreement" shall mean this Borrower Loan Agreement. <br />"Borrower Loan Amount" shall mean $30,000,000, the original maximum principal amount of <br />the Borrower Note. <br />"Borrower Loan Documents" shall mean this Borrower Loan Agreement, the Construction <br />Funding Agreement, the Borrower Notes, the Security Instrument, the Agreement of Environmental <br />Indemnification, the Guaranty, the Replacement Reserve Agreement, the Contingency Draw Down <br />Agreement, if any, and all other documents or agreements evidencing or relating to the Borrower Loan. <br />"Borrower Loan Payment Date" shall mean (i) the date upon which regularly scheduled Borrower <br />Loan Payments are due pursuant to the Borrower Notes, or (ii) any other date on which one or both of the <br />Borrower Notes are prepaid or paid, whether at the scheduled maturity or upon the acceleration of the <br />maturity thereof. <br />"Borrower Loan Payments" shall mean the monthly loan payments payable pursuant to the <br />Borrower Notes. <br />"Borrower Loan Proceeds" shall mean proceeds of the Borrower Loan, to be disbursed in <br />accordance with Section 2.10 of this Borrower Loan Agreement and the Construction Funding <br />Agreement. <br />"Borrower Notes" shall mean collectively, the Multifamily Real Estate Note and the Borrower <br />IRP Note and the "Borrower Note" shall mean one of such Notes. <br />C:1UsersltadlDesktop\SantaAna HA Washington Place 4 <br />BLA.doc <br />DRAFT 11/28/12 8:41 AM <br />