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G, The Loan Agreement arid all of its atta0urents shall be enforceable by <br />City in accordance with the tennis thereof, Each of the Loan Agreement, the <br />Affordability Restrictions on Transfer of Property, the City /HOME- Loan Note and the <br />CitylfiOME Deed of Trust provide a means of enforcement by the City if Developer is in <br />breach of its obligations hereunder and thereunder, including liens on the Property, use <br />and deed restrictions and covenants running with the land [24 CPR 92.504 (c) (13)]. <br />NC)`i'4', THEREFORE, for and in consideration of the mutual covenants and <br />agreements herein contained, City and Developer agree as fbIlows <br />DEFINITIONS AND INTERPRETATION <br />1.1 Defined Terms, rill capitalized terns used herein, including, without <br />limitation, in the Recitals above and in all other Project Documents, unless otherwise <br />expressly defined, are defined where first used in this Agreement and /or as set. Corth in <br />this Article 1. <br />"Affordable Housing " tneuns housing operated in accordance with the <br />requirements of 24 CPR 92.252 and the rents governed by HUD. <br />",Affordability Restrictions on Transfer or Property" rocans that <br />certain document affecting real property benefiting the City, attached hereto as Exhibit G, <br />"Affordable Rent" means the monthly rents than are set forth in More <br />detail in 'Section 5 of this Agreement. <br />"Building Permit" means the budding perinit(s) issued by City that are <br />required for the construction; i r any. <br />'f lusiness Day" means any Monday, Tuesday; Wednesday, Thursday or <br />Friday on which Santa .Ana City stall is open to the public for the conduct of City affairs. <br />"Calendar Year" means each consecutive twelve (12) month period from <br />January 1 to December 31. <br />"Certificate of Completion" has the meaning set forth in Article 17. <br />"City'" means the City of SauitaAna, California, a charter city and <br />municipal corperatiom <br />"City /1 --10ME Loan means the loan to be made to Developer by City <br />from HOME funds pursuarit to Article 3 of this Agreement, <br />"City/110ME Loan Deed of Trust" means the deed of trust encumbering <br />the Property; in (lie form attached hereto as Exhibit E, to be executed by Developer <br />pursuant it) Section 33 in order to secure (he Loan Note. <br />25B -9 <br />