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"Lien" means any lien, mortgage, pledge, security interest, charge or <br />encumbrance of any kind (including any conditional sale or other title retention agreement, any <br />lease in the nature thereof, and any agreement to give any lien or security interest). <br />"Loan Documents" means, collectively, this Agreement, the City Promissory <br />Note, the City Deed of Trust, and the Affordability Restrictions on Transfer of Property, and any <br />other agreement, document, or instrument that the City requires in connection with the execution <br />of this Agreement or from time to time to effectuate the purposes of this Agreement. <br />"Low Income" means an adjusted income which does not exceed eighty percent <br />(80%) of the area median income for the Orange County, California PMSA, adjusted for <br />household size, as published by HUD. <br />"Median Income for the Area" means the median income for the Orange <br />County, California PMSA as most recently determined by HUD. Also may be referred to <br />interchangeably in the Loan Documents as "Area Median Income" or "AMP'. <br />"Neighborhood Stabilization Program" (NSP) has the meaning set forth in the <br />Recitals above. <br />"Neighborhood Stabilization Program (NSP) Regulations" has the meaning <br />set forth in the Recitals above. <br />"NSP Assisted Units" shall mean those residential units constructed which are <br />subject to the term of affordability. <br />"NSP Funds" shall mean the money provided under the NSP 2 and NSP 3 <br />Program for the development of affordable rental units. <br />"Partnership Agreement" means the Amended and Restated Limited <br />Partnership Agreement of 815 N Harbor L.P., dated as of August 30, 2013. <br />"Permitted Encumbrances for the Affordable Housing Restrictions" means <br />collectively, the Senior Loan Deed of Trust and all other title exceptions and limitations with <br />respect to the Property hereafter approved by the City Project Manager in writing. <br />"Permitted Encumbrances for the City Deed of Trust" means the <br />Senior Loan Deed of Trust and all other title exceptions and limitations with respect to the <br />Property hereafter approved by the City Project Manager in writing. <br />"Project" means the construction of the Improvements upon the Property by <br />Developer pursuant to this Agreement. <br />"Project Budget" means the line-item budget for the Project attached hereto <br />as Exhibit E, as modified from time to time in accordance with this Agreement. <br />6 <br />80A-62