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F. If thcrre is any discrepancy between Federal and State guidelines with regard <br />to may of ilie lemis and conditimis contained hercua, (lie more strint,ent shall apply. <br />G. The Loan Agreement and all ofits altaauhme,nts shall be cirforecablc by <br />City in aceordaneu with dye tea rm, thereof of. Iuach of the Loan Agrucineril, the <br />FWl'findaabildy Restrictions mi Transfer ofProperty, the City/FlONIF Lowi Note and the <br />City/1 tG:)It E Deed of'[ rust Provide a means a f elilorceaaaent by the City if Developer is ia,a <br />breach of its obligations hereunder amid thereunder, including Betas on the Property, use <br />and dcod restrietions and covenants running with the land 124 CJFR 92.504 (c) (13)]. <br />NOW, THEREFORE, for and in consideration Of the nuatual covenants aiid <br />agrectnews herein coitlauuw d, City and Developer agree as liillowvti: <br />DEFINYI IONS AND INTERPRETATION <br />l.1 termed Terms. All capitalized terms used herein, including, without <br />linittatuiii, iaa the IBecttatls above and in all other Pnflect Documents, aualess c�rthenvise <br />expressly defined, are defined where first used in this Agieement and/or as set forth in. <br />this Article 1. <br />"Affordahle Ilousing" means housing oporant'd in accordmic:e with the <br />rcrctauaenzeials of'24 ('Fl? 92.252 and the runts govuancxd by IRA). <br />"Affordability Restrictions on Transfer of Property" means that <br />certain doetnnent afteehnag real property benefiting the City, attached hereto as Exhibit G. <br />"Affordable Rent" mean, the uaonthly rents that are set forth in more <br />detail aai `section 7 of this Agieenicat. <br />"Building Permit" means the building pe.rtnit(s) ISSUed by C:ily and <br />required fir the rehaahihtation, if away. <br />"Business Day" mcanis any Monday, Tuesday, Wednesday, Thursday or <br />Friday on which Santa Ana City Halt is aspen to the public for the cinaduct ast G'aly arlliiirs. <br />"Calendar Year " ancarns each ciotasUeutive twwelVe (12) month period t "deans <br />January I to December 31. <br />'Tertil "matte of Completion" has the moaning set forth in Article V7. <br />" C`ity" rnaaias the (: "sty ohSaanta. Ara, California, acliattcr oily ara9 <br />naunicipaal corporation. <br />"City /HONIIi. Loan" means the loan tin he made to Developer by City <br />litany 110MI,; Laurels pua;swrit to Article's of this Agreement. <br />"City /HONIF I,ara n Deed of`I'rust " naeaa s, the deed aol'lrust encumbering <br />25H -11 <br />