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"Property" means the approximately 2.74 acres, within the Project Area, located <br />generally at 1600 Memory Lane in the City of Santa Ana, within the City of Santa Ana, <br />California, and is more fully described in the "Legal Description" of the Property attached hereto as <br />Exhibit A and incorporated herein by reference. <br />"Section 504" means section 504 of the federal Rehabilitation Act of 1973, codified <br />at 29 U.S.C. § 701 et seq., and its implementing regulations located at 24 CFR Part 8. <br />"Senior Lender" means <br />Senior Loan Note(s). <br />or any other holder of the <br />"Senior Loan" shall mean the senior loan being made by <br />_ ,concurrent to the City/HOME Loan for payment of a portion of the <br />acquisition and Construction Costs, and shall include any subsequent loan that refinances the <br />initial Senior Loan. <br />"Senior Loan Deed of Trust" means the deed of trust securing the <br />Senior Loan by encumbering the Property. <br />"Senior Loan Documents" means, collectively, the loan agreement <br />governing the Senior Loan, the Senior Loan Note, the Senior Loan Deed of Trust, and any other <br />agreement, document or instrument that the Senior Lender requires in connection with the Senior <br />Loan. <br />"Senior Loan Note" means the promissory note evidencing the <br />Senior Loan from <br />"Term" the terms and conditions contained herein shall remain in effect for fifty- <br />five (55) years. <br />"Very Low Income" means an adjusted income which does not exceed fifty <br />percent (50%) of the area median income for the Orange County, California PMSA, adjusted for <br />household size, as published by HUD. <br />"Vista Del Rio" means Vista Del Rio Housing Partners, L.P., a California limited <br />partnership, and its successors and assigns. <br />"Vista Del Rio's Representative" shall mean the Chief Executive Officer of the <br />General Partner of Vista Del Rio or his/her designee. <br />1.2 Singular and Plural Terms. Any defined term used in the plural in this <br />Agreement or any other City Loan Document shall refer to all members of the relevant class and <br />any defined term used in the singular shall refer to any number of the members of the relevant <br />class. <br />7 <br />80A-83 <br />