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i <br /> EXHIBIT 2 <br /> i <br /> (bb) "Senior Lender" means a commercial or private financial institution <br /> providing the Senior Loan or any other holder of the Senior Lean Note, <br /> (cc) "Senior Loan" means a loan from the Senior Lender concurrent to the <br /> HHA.P Grant for payment of a portion of the construction casts,and shall include any <br /> subsequent loan that permanently refinances the initial Senior Loan, <br /> (dd) "Senior Loan Deed of Trust" means the first deed(s)of trust securing <br /> the Senior Lorin by encumbering the Property. <br /> (ee) "Senior Loam Documents" means,collectively, the loan agreement <br /> governing the Senior Loan,the Senior Loan,Note,the Senior Loan Deed of'frust,and any other j <br /> agreement,document or instrument that the Senior Lender requires in connection with the <br /> Senior Loan, <br /> (ft) "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 Honsehoid"means an individual or fancily whose <br /> annual income qualifies as'Very Low Income, adjusted for household size, as published by � <br /> HUD. <br /> 1..2 Siynaular 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 l <br /> singular shall refer to any number of the members of the relevant class. <br /> 1.3 References Ind 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 constmed 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,Incor orat+ed.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 E <br /> Exhibit B—Project Description/Scope of Work <br /> Exhibit C—Project Budget <br /> Exhibit D..-Affordable blousing Regulatory Agreement and Declaration of Covenants <br /> and Restrictions i <br /> Exhibit E—State HHAP Round 1,2 and 3 Agreements <br /> E <br /> City Council 16— 14 5/19/2026 <br /> E <br /> i <br /> i <br /> i <br />