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credits including but not limited to California Revenue and Taxation Code Sections 17057 5, <br /> 17058, 23610 4, and 23610 5 and California Health and Safety Code Section 50199, et seq <br /> (yy) Tax Credit Restnctive Covenant. The agreement with TCAC to be <br /> executed by Lessee and properly recorded against the Lessee's Estate in the land records of the <br /> County, setting forth certain terms and conditions under which one-hundred thirty-one (131) of <br /> the residential units in the Improvements will be operated <br /> (zz) TCAC means the California Tax Credit Allocation Committee <br /> (aaa) Tenant(s) Any tenant, sublessee or licensee of Lessee under any Tenant <br /> Lease(s). <br /> (bbb) Tenant Lease(s): Any lease or license agreement entered into by Lessee <br /> with residents of the residential units to be developed on the Land. <br /> (ccc) Term- The period of time described in Section 2 2 hereof. <br /> (ddd) Transfer Any sale, assignment, transfer, conveyance, lease, sublease, <br /> encumbrance, mortgage, or hypothecation, in any manner or form or any agreement to do any of <br /> the foregoing. <br /> Section 1 2 Exhibits The Exhibits referred to in this Lease and attached hereto are. <br /> Exhibit A. Legal Description of the Land <br /> Exhibit B Site Map of the Land <br /> Exhibit C• Memorandum of Lease <br /> Exhibit D: Financing Plan <br /> ARTICLE 2 <br /> LEASE OF THE LAND <br /> Section 2.1 Lease of Land Subject to the terms hereof and in consideration of the <br /> covenants of payment and performance stipulated herein, Lessor leases the Land to Lessee, and <br /> in consideration thereof, Lessee takes, hires and leases the Land from the Lessor, pursuant to the <br /> terms of this Lease. <br /> Section 2 2 Term. Unless sooner terminated pursuant to the provisions hereof, this <br /> Lease shall continue in full force and effect for a term ("Term"), commencing on the <br /> Commencement Date and expiring on midnight the day immediately preceding the seventy-fifth <br /> (751h) anniversary thereof <br /> Section 2 3 Use. Subject to the provisions hereof, Lessee shall use the Leased <br /> Premises for the construction and operation of the Project, which includes the construction, <br /> development and operation of the Improvements on the Land in accordance with the restrictions <br /> and requirements set forth in Article 3 hereof. Further, Lessee agrees: <br /> 7 <br /> 191\52\1656915 8 <br /> OAK#4834-9609-1684 v9 <br />