Laserfiche WebLink
"Partnership Agreement" means the Agreement of Limited Partnership of <br />AMCAL 1440 SANTA ANA FUND, L.P., dated as of September 1, 2015 attached herein as <br />Exhibit H. <br />"Permitted Encumbrances for the Affordable Housing Restrictions" means <br />collectively, the Senior Loan Deed of Trust and all other title exceptions and limitations with <br />respect to the Property hereafter approved by the City Project Manager in writing. <br />"Permitted Encumbrances for the City Deed of Trust" means the Senior Loan <br />Deed(s) of Trust and all other title exceptions and limitations with respect to the Property <br />hereafter approved by the City Project Manager in writing. <br />"Project" means the construction of the Improvements upon the Property by <br />Developer pursuant to this Agreement. <br />"Project Budget" means the line -item budget for the Project attached hereto as <br />Exhibit E, as modified from time to time in accordance with this Agreement. <br />"Project Costs" means all costs of any nature incurred in connection with the <br />Project in accordance with generally accepted accounting principles, <br />"Property" means the property that is located at 1440 East First Street in the City <br />of Santa Ana, and is more fully described in the "Legal Description" of the Property attached hereto <br />as Exhibit A and incorporated herein by reference. <br />"Scope of Work/Schedule of Performance" means the detailed statement of the <br />work to be performed by Developer on and to the Property pursuant to this Agreement, along <br />with the Schedule of Performance setting forth timeftames for certain tasks, which document is <br />attached hereto as Exhibit F. <br />"Senior Lender" means a commercial financial institution providing the Senior <br />Loan or any other holder of the Senior Loan Note. <br />"Senior Loan" means a loan from the Senior Lender concurrent to the <br />Inclusionary Loan for payment of a portion of the acquisition and construction costs, and shall <br />include any subsequent loan that refinances the initial Senior Loan. <br />"Senior Loan Deed of Trust" means the first deed(s) of trust securing the Senior <br />Loan by encumbering the Property. <br />"Senior Loan Documents" means, collectively, the loan agreement governing <br />the Senior Loan, the Senior Loan Note, the Senior Loan Deed of Trust, and any other agreement, <br />document or instrument that the Senior Lender requires in connection with the Senior Loan. <br />"Senior Loan Note" means the promissory note evidencing the Senior Loan <br />from the Senior Lender. <br />FOODYMW <br />