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"Median Income for lPou Area" means the median incornae for the Orange <br />C'r?raoity, 0116lilr °lliaa PMSA as must recently determined by I,LLU Also may be i efenkxl to <br />intcrehangeably iii the Loan Documents as "Arco Median Income "' nr "AMI ", <br />"Partnership Agreentertt" oruans the Amended and Restated Ay,reemcid <br />of Limited Partnership of C7trest Iiaitlso IT dated March 1, 2016, as said Partnensbip <br />Agreement may be amended li -cult tinge to time- <br />"Permitted Encumbrances for the Atfordtible Housing Restrictions " <br />stems, collectively; the Senior Loan Dmd of -Frust and all other title execptions aaail. <br />]iranitaltiearati with respect to the Property hereafter approved by the Fxccutive DrQctor in <br />writing. <br />"Permitted Emu mbrances for the City Loran Deed of Trust" <br />means, collectively, the Senior Loan Deed of freest and all other title; exceptiotns and <br />limiWtions with respect to the Property herearlter approved by the lix,ectutive Director in <br />wvrititnp±. <br />"Project" rhea n,v the acquisition and rchabititation ol'the Property by <br />Developer liLm,'oant to this Agreement, <br />"Project Budget " ineans the hrie item hudget for the Project <br />attached hereto as Exhibit (% as modified from than; to time in accordance with this <br />Agreemcnt. <br />"Project Posts" means all costs ofaaay nature inGUrred it) eaaunncutiorl With <br />the I'roject in accordance with generally accepted accoonting principles, <br />" Property " ineans the Property that is located at 21.51 i First Street.„ <br />within the City ol` 15aiiui Ana, and iR more Billy" dusctibed in the "Lcgaul iDecwcription" of the <br />I"roper4y attached hereto as Exhibit A and incorpoi—atcd herein by reference. <br />""senior Lender " morns Citi Community Capital or any other holder of <br />the Senior Irian Note(s), <br />"Senior Load" sli all moan the senior hmn being made by Senior Lender <br />concurrent to the tarty Loan Iiir payment of as portion of the acquisition and rehabilitation <br />costs, and shall include: any subseapu.ietnt loam that refinances the initial Senior L.erarui. <br />"Senior Loan Deed of "Frost " means the creed of trust socnuriug the <br />Senior Loan by encumbering the b"roperty.. <br />"Scndor I,oan Documents" means, collectively, the loan agreement <br />governing the Senior 1-careen, the Senior Loan Note, [lie Senior Loan Deed of (rust, and <br />any other agreement, doeomeni or instrument thin the, Senior Lender requires it) <br />asnnncetion with the Senior Loan. <br />"Senior Loan Note" means the proinissory iac+tc evidencing tlae <br />6 <br />25H -14 <br />