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approval of the Funding Lender (or as otherwise permitted with the Funding Lender's approval pursuant <br />to the Borrower Loan Documents), selected to be a general partner of the Borrower. <br />"Governmental Authority" shall mean (i) any governmental municipality or political subdivision <br />thereof, (ii) any governmental or quasi-governmental agency, authority, board, bureau, corrunission, <br />department, instrumentality or public body, or (iii) any court, administrative tribunal or public utility, <br />agency, commission, office or authority of any nature whatsoever for any governmental unit (federal, <br />state, county, district, municipal, city or otherwise), now or hereafter in existence. <br />"Governmental Lender" shall have the meaning set forth in the first paragraph of this Borrower <br />Loan Agreement. <br />"Governmental Lender Notes" shall mean collectively, the Governmental Lender Real Estate <br />Note and the Governmental Lender IRP Note and "Gover~unental Lender Note" means one of such. <br />"Governmental Lender Real Estate Note" shall mean that certain Housing Authority of the City <br />of Santa Ana Multifamily Housing Revenue Real Estate Note (Flower Terrace) 2012 Series A-1 dated the <br />Closing Date in the original maximum principal amount of $[PermPrir~~mt], made by the Governmental <br />Lender and payable to Funding Lender, as it may be amended, supplemented or replaced from time to <br />time. <br />"Governmental Lender IRP Note" shall mean that certain Housing Authority of the City of Santa <br />Ana Multifamily Housing Revenue IRP Note (Flower Terrace) 2012 Series A-2 dated the Closing Date in <br />the original maximum principal amount of $ [ConPrin~~tnt], made by the Governmental Lender and <br />payable to Funding Lender, as it may be amended, supplemented or replaced from time to time. <br />"Governmental Lender's Closing Fee" shall mean $ . The Governmental Lender's <br />Closing Fee is payable to the Governmental Lender on the Closing Date pursuant to Section 2.3(c)(iii) <br />hereof. <br />"Gross Income" shall mean all receipts, revenues, income and other moneys received or collected <br />by or on behalf of Borrower and derived from the ownership or operation of the Project, if any, and all <br />rights to receive the same, whether in the form of accounts, accounts receivable, contract rights or other <br />rights, and the proceeds of such rights, and whether now owned or held or hereafter coming into existence <br />and proceeds received upon the foreclosure sale of the Project. Gross Income shall not include loan <br />proceeds, equity or capital contributions, or tenant security deposits being held by Borrower in <br />accordance with applicable law. <br />"Gross Proceeds" shall mean, without duplication, the aggregate of: <br />(a) the net amount (after payment of all expenses of originating the Funding Loan) of <br />Funding Loan proceeds received by the Governmental Lender as a result of the origination of the Funding <br />Loan; <br />(b) all amounts received by the Governmental Lender as a result of the investment of the <br />Funding Loan proceeds; <br />(c) any amounts held in any fund or account to the extent that the Governmental Lender <br />reasonably expects to use the amounts in such fund to pay any portion of the Funding Loan; and <br />C:1UsersltadlDesktoplSanta Ana HA Washington Place 1 Q <br />BLA.doc <br />DRAFT 11/28/12 8:41AM <br />