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"Secondary Market Transaction" shall have the meaning set forth in Section 9.1.1 hereof. <br />"Securities" shall have the meaning set forth in Section 9.1.1 hereof. <br />"Securities Act" shall mean the Securities Act of 1933, as amended. <br />"Security Documents" shall mean the Security Instrument, the Replacement Reserve Agreement, <br />the Collateral Agreements, the Collateral Assig~riments, this Borrower Loan Agreement, the <br />Environmental Agreement, and such other security instruments that Funding Lender may reasonably <br />request. <br />"Security Instrument" shall have the meaning set forth in the recitals to this Borrower Loan <br />Agreement. <br />"Servicer" shall mean the Servicer contracting with or appointed by the Funding Lender to <br />service the Borrower Loan. The initial Servicer shall be Citibank, N.A. <br />"Servicer's Fee" shall mean the fee due to the Servicer for services rendered pursuant to the <br />Borrower Loan Documents and the Servicing Agreement in an amount equal to one twelfth of 0.05% of <br />outstanding principal amount of the Borrower Loan payable monthly in arrears. <br />"Servicing Agreement" shall mean any servicing agreement or master servicing agreement, <br />among the Servicer and the Funding Lender relating to the servicing of the Borrower Loan and any <br />amendments thereto or any replacement thereof. <br />"Standard & Poor's" or "S&P" shall mean Standard & Poor's Rating Services, a Standard & <br />Poor's Financial Services Inc. business division, or its successors. <br />"State" shall mean the State in which the Proj ect is located. <br />"Subordinate Debt" shall mean the loan in the amount of $1,250,000 by the Subordinate Lender <br />to the Borrower, as evidenced by the Subordinate Loan Documents. <br />"Subordinate Lender" shall mean the Wycliffe Plaza, Inc. a California nonprofit public benefit <br />corporation. <br />"Subordinate Loan Documents" shall mean, collectively, all instruments, agreements and other <br />documents evidencing, securing or otherwise relating to the Subordinate Debt or executed and delivered <br />by Borrower in connection with the Subordinate Debt. The Subordinate Debt shall not be secured by a <br />lien against the Project. <br />Date. <br />"Substantial Completion Date" means the date that is three (3) months prior to the Completion <br />"Substantially Complete" or "Substantially Completed" means the Funding Lender has <br />determined that construction or rehabilitation, as the case may be, of the Improvements is sufficiently <br />complete such that the Improvements can be occupied by tenants as a multifamily residential rental <br />project. <br />"Tax Counsel" shall have the meaning set forth in the Funding Loan Agreement. <br />C:1UsersltadlDesktoplSanta Ana HA Washington Place 16 ?` ;; <br />rn~. <br />BLA.doc n <br />DRAFT 11/28/l2 8:41AM <br />