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"Indemnitees" has the meaning set forth in Section 14.5. <br />"Laws" means all statutes, laws, ordinances, regulations, orders, writs, <br />judgments, injunctions, decrees or awards of the United States or any state, county, municipality <br />or other Governmental Authority. <br />"Lien" means any lien, mortgage, pledge, security interest, charge or <br />encumbrance of any kind (including any conditional sale or other title retention agreement, any <br />lease in the nature thereof, and any agreement to give any lien or security interest). <br />"Limited Partner" means the Limited Partners of Vista Del Rio, and their <br />successors and assigns. <br />"Loan Documents" means, collectively, this Agreement, the City/HOME <br />Loan Note, the City/HOME Deed of Trust, the Agency Loan Note, the Agency Deed of Trust, <br />the Affordability Restrictions on Transfer of Property, and any other agreement, document, or <br />instrument that the City or Agency requires in connection with the execution of this Agreement <br />or from time to time to effectuate the purposes of this Agreement. <br />"Median Income for the Area" means the median income for the Orange <br />County, California PMSA as most recently determined by HUD. Also may be referred to <br />interchangeably in the Loan Documents as "Area Median Income" or "AMI". <br />"Partnership Agreement" means the Agreement of Vista Del Rio Housing <br />Partners, L.P., dated on or about August 1, 2008. <br />"Permitted Encumbrances for the Affordable Housing Restrictions" <br />means, collectively, the Senior Loan Deed of Trust and all other title exceptions and <br />limitations with respect to the Property hereafter approved by the Executive Director in <br />writing. <br />"Permitted Encumbrances for the Agency Loan Deed of Trust and <br />the City Loan Deed of Trust" means, collectively, the Senior Loan Deed of Trust and all other <br />title exceptions and limitations with respect to the Property hereafter approved by the Executive <br />Director in writing. <br />"Project" means the acquisition and Construction of the Property in accordance <br />with the Scope of Work by Vista Del Rio pursuant to this Agreement. <br />"Project Budget" means the line-item budget for the Project <br />attached hereto as 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 <br />the Project in accordance with generally accepted accounting principles. <br />6 <br />80A-82 <br />