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EXHIBIT 2 <br /> (bb) "Senior Lender" means a commercial or private financial institution <br /> providing the Senior Loan or any other holder of the Senior Loan Note. <br /> (cc) "Senior Loan" means a loan from the Senior Lender concurrent to the <br /> HHAP Grant for payment of a portion of the construction costs, and shall include any <br /> subsequent loan that permanently refinances the initial Senior Loan. <br /> (dd) Senior Loan Deed of Trust means the first deeds of trust securing <br /> g <br /> the Senior Loan by encumbering the Property. <br /> (ee) "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 <br /> Senior Loan. <br /> (ff) "Very Low Income"means an adjusted income that does not exceed <br /> fifty percent(50%) of the area median income for the Orange County, California PMSA, <br /> adjusted for household size, as published by HUD. <br /> (gg) "Very Low Income Household" means an individual or family whose 11 <br /> annual income qualifies as Very Low Income, adjusted for household size, as published by <br /> HUD. <br /> I <br /> 1.2 Singular and Plural Terms.Any defined term used in the plural in this <br /> Agreement shall refer to all members of the relevant class and any defined term used in the <br /> singular shall refer to any number of the members of the relevant class. <br /> 1.3 References and Other Terms. Any reference to this Agreement shall include <br /> such document both as originally executed and as it may from time to time be modified. <br /> References herein to Articles, Sections and Exhibits shall be construed as references to this <br /> Agreement unless a different document is named. References to subparagraphs shall be construed <br /> as references to the same Section in which the reference appears. The term "document" is used in <br /> its broadest sense and encompasses agreements, certificates, opinions, consents, instruments and <br /> other written material of every kind. The terms "including" and "include" mean "including <br /> (include) without limitation." <br /> 1.4 Exhibits Incorporated. All exhibits to this Agreement, as now existing and as <br /> the same may from time to time be modified, are incorporated herein by this reference. The ] <br /> exhibits attached hereto and incorporated herein include: <br /> Exhibit A—Legal Description of the Property <br /> Exhibit B —Project Description/Scope of Work <br /> Exhibit C—Project Budget <br /> i <br /> Exhibit D—Affordable Housing Regulatory Agreement and Declaration of Covenants <br /> and Restrictions <br /> Exhibit E— State HHAP Round 1, 2 and 3 Agreements <br /> I�' <br />