Laserfiche WebLink
obligation of Developer to repay the Agency Loan through residual receipts as further <br />described in the Agency Promissory Note. <br />"Building Permit" means the building permit(s) issued by City and <br />required for the construction. <br />"Business Day" means any Monday, Tuesday, Wednesday, Thursday or <br />Friday on which Santa Ana City Hall is open to the public for the conduct of City affairs. <br />"Calendar Year" means each consecutive twelve (12) month period from <br />January 1 to December 31. <br />"Certificate of Completion" has the meaning set forth in Article 17. <br />"City" means the City of Santa Ana, California, a charter city and <br />municipal corporation. "City" shall also refer to the Agency where the context dictates, to <br />the effect that the Agency shall have all the rights granted to the City hereunder. <br />"City Project Manager" shall mean the City's Housing Manager and/or <br />his/her designee.. <br />"Close of Escrow" shall mean the date upon which the Agency Loan <br />Agreement and Agency Deed of Trust is recorded in the Official Records of the County. <br />"Co -General Partner" means IH CDP Partnership LLC, a California <br />limited liability company. <br />"County" means the County of Orange, California. <br />"Developer" means Tiny Tim LP, a California limited partnership. <br />"Developer's Representative" shall mean a representative of the <br />Administrative General Partner designated from time to time by the Administrative <br />General Partner of Developer or his/her designee. <br />"Escrow" is the escrow opened for the closing of the Senior Loan, Agency <br />Loan and Inclusionary City Loan. <br />"Escrow Holder" is Commonwealth Land Title Company. <br />"Event of Default" has the meaning set forth in Section 20.1. <br />"Extremely Low Income" means an adjusted income which does not <br />exceed thirty percent (30%) of the Median Income for the Area, adjusted for household <br />size, as published by the U.S. Department of Housing and Urban Development. <br />"General Partner" means collectively, jointly and severally the <br />Administrative General Partner, the Co -General Partner and the Managing General Partner. <br />