RES 16831 - Laserfiche WebLink

(kk) Loan Agreement means that certain Affordable Housing Loan Agreement executed by and between Lessor(as lender) and Lessee (as borrower) dated as of the date of this Lease. (11) Loan Documents. All documents executed by Lessee evidencing or securing a Leasehold Mortgage. (mm) Management Agent: The Person designated from time to time as "Management Agent" of all or any portion of the Improvements under any management agreement entered into from time to time with Lessee. The initial Management Agent will be MidPen Property Management Corporation. (nn) Net Condemnation Award: The net amounts owed or paid to the Parties or to which either of the Parties may be or become entitled by reason of any Taking or pursuant to any agreement with any condemning authority which has been made in settlement of any proceeding relating to a Taking, less any costs and expenses incurred by the Parties in collecting such award or payment. (oo) Partnership: The limited partnership that is the Lessee. (pp) Party: Lessor or Lessee, as applicable. Lessor and Lessee shall be referred to collectively as the "Parties." (qq) Permitted Encumbrances: Permitted title encumbrances as defined in Section 9.1(a). (n) Person: An individual, partnership, corporation, public benefit corporation, trust, unincorporated association, or other entity or association. (ss) Phase I or the Project: The Improvements as defined above. (tt) Regulatory Agreement: That certain Affordable Housing Regulatory Agreement and Declaration of Restrictive Covenants to be executed by Lessor and Lessee and recorded concurrently with execution of this Lease. (uu) Rent: As described in Section 4.1 hereof. (vv) Senior Loan. That certain construction and permanent loan the original principal amount of[$24,789,000] to be provided by MUFG Union Bank, N.A. to Lessee. (ww) Taking: A taking during the Term hereof of all or any part of the Leased Premises and/or the Improvements, or any interest therein or right accruing thereto, as a result of the exercise of the right of condemnation or eminent domain materially affecting the Leased Premises or any part thereof. A conveyance in lieu of or in anticipation of the exercise of any such right of condemnation or eminent domain shall be considered a Taking. Any such Taking shall be deemed to have occurred upon the earlier to occur of(a)the date on which the property, right or interest so taken must be surrendered to the condemning authority, or(b) the date title vested in a condemning authority or other party pursuant to any Taking. 6 191\52\1656915.8 OAK#4834-9609-1684 v8