|
Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42
<br />U.S.C. §§ 9601, et seq., as amended.
<br />"HOME Compliance Period" is for a period of fifteen (15) years.
<br />"HOME Program" has the meaning set forth in Recital "A" above
<br />"HOME Regulations" has the meaning set forth in Recital "A" above.
<br />"HUD" means the United States Department of Housing and Urban
<br />Development and any successors or assigns thereof.
<br />"Improvements" means all improvements and fixtures now and hereafter
<br />comprising any portion of the Property, including, without limitation, landscaping, trees
<br />and plant materials; and offsite improvements (including, without limitation, streets,
<br />curbs, storm drains, and adjacent street lighting).
<br />"Indebtedness" of a person means (a) all indebtedness for borrowed
<br />money, (b) notes payable and drafts accepted representing extensions of credit, whether
<br />or not representing obligations for borrowed money, (c) any obligation for the purchase
<br />of property or services in excess of $10,000 in the aggregate that is (i) deferred for more
<br />than six (6) months, or (ii) evidenced by a note or similar instrument, and ( d) all recourse
<br />and all non - recourse indebtedness secured by any Lien on any property or asset of such
<br />person (whether or not assumed by such person).
<br />"Iridemnitees" has the meaning set forth in Section 14.5.
<br />"Laws" means all statutes, laws, ordinances, regulations, orders, writs,
<br />judgments, injunctions, decrees or awards of the United States or any state, county,
<br />municipality or other Governmental Authority.
<br />"Lien" means any lien, mortgage, pledge, security interest, charge or
<br />encumbrance of any kind (including any conditional sale or other title retention
<br />agreement, any lease in the nature thereof, and any agreement to give any lien or security
<br />interest).
<br />"Limited Partner" means the Limited Partners of Developer, OHDC
<br />Properties I, LLC and C &C Properties Group I, LLC, and their successors and assigns.
<br />"Loan Documents" means, collectively, this Agreement, the City /HOME
<br />Loan Note, the City /HOME Deed of Trust, the Affordability Restrictions on Transfer of
<br />Property, and any other agreement, document, or instrument that the City requires in
<br />connection with the execution of this Agreement or from time to time to effectuate the
<br />purposes of this Agreement.
<br />251 -11
<br />
|