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The principal office of the Successor Agency is located at 20 Civic Center Plaza, Santa Ana, California, 92702. Successor Agency shall also refer to the City where the context dictates, to the effect that City shall have all rights granted to the Successor Agency hereunder. "Term" the terms and conditions contained herein shall remain in effect for fifty -five (55) years, from the date the Release of Construction Covenants is recorded against the Property in the Official Records of the County. "Units" means the forty (40) for -rent, multi- family residential units (excepting the single manager's unit) in the Project. "Very Low Income" means an adjusted income which does not exceed fifty percent (50 %) of the Area Median Income for the Orange County, California PMSA, adjusted for household size, as annually published by HUD. "Vista Del Rio" means Vista Del Rio Housing Partners LP, a California limited partnership, and its successors and assigns. "Vista Del Rio's Representative" shall mean the Chief Executive Officer of the General Partner of Vista Del Rio or his/her designee. 1.2 Sineular and Plural Terms. Any defined term used in the plural in this Agreement or any other Loan Document shall refer to all members of the relevant class and any defined term used in the singular shall refer to any number of the members of the relevant class. 1.3 References and Other Terms. Any reference to this Agreement or any Loan Document shall include such document both as originally executed and as it may from time to time be modified. References herein to Articles, Sections and Exhibits shall be construed as references to this Agreement unless a different document is named. References to subparagraphs shall be construed as references to the same Section in which the reference appears. The term "document" is used in its broadest sense and encompasses agreements, certificates, opinions, consents, instruments and other written material of every kind. The terms "including" and "include" mean "including (include) without limitation." 1.4 Exhibits Incorporated. All attachments and exhibits to this Agreement, as now existing and as the same may from time to time be modified, are incorporated herein by this reference. 2. [RESERVED] 3. SCOPE OF WORK/ PROJECT BUDGET A Scope of Work and Project Budget for the Property are attached hereto as Exhibit G. Any material change to the Scope of Work and /or Project Budget requested by Vista Del Rio shall be subject to the prior written approval of the Executive Directors. The design and Construction of the Project shall at all times comply with the DDA, the Scope of Development, the Scope of Work, the Project Budget, Section 504, the CRL, the HOME Regulations, the Section 8 Requirements, and all applicable Environmental Laws and Governmental Requirements. 4. [RESERVED] 10 DOCSOC/ 1475221 v 10/200272-0004