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"Agency Promissory Note" means that certain promissory note for Agency Loan funds <br />in the original principal amount of $4,700,000 in the form attached as Exhibit D to the <br />Agreement, and to be executed by Developer in favor of Agency to evidence the obligation of <br />Developer to repay the Agency Loan through residual receipts as further described in the Agency <br />Promissory Note. <br />"Agreement" means the Loan Agreement by and between the Agency and Developer for <br />Housing Successor Agency Funds. <br />"Applicable Law" shall mean those federal, state and local laws, ordinances, regulations, <br />policies and procedures applicable to the Agency Funds. <br />"Building Permit" means the building permit(s) issued by the City of Santa Ana and <br />required for the construction. <br />"Business Day" means any Monday, Tuesday, Wednesday, Thursday or Friday on <br />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 January 1 to <br />December 31. <br />"Certificate of Completion" has the meaning set forth in Article 17 of the Agreement. <br />"City" means the City of Santa Ana, California, a charter city and municipal corporation. <br />"City" shall also refer to the Agency where the context dictates, to the effect that the Agency <br />shall have all the rights granted to the City hereunder. <br />"City Project Manager" shall mean the City's Housing Manager and/or his/her <br />designee. <br />"County" means the County of Orange, California. <br />"Developer" means Tiny Tim LP, a California limited partnership. <br />"Event of Default" has the meaning set forth in Section 20.1 of the Agreement. <br />"Extremely Low Income" means an adjusted income which does not exceed thirty <br />percent (30%) of the Median Income for the Area, adjusted for household size, as published by <br />the U.S. Department of Housing and Urban Development. <br />"Governmental Authority" means any governmental or quasi -governmental agency, <br />board, bureau, commission, department, court, administrative tribunal or other instrumentality or <br />authority, and any public utility. <br />0 <br />80A-144 <br />