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regulation, or any permit, approval, authorization, license, variance or permission required by <br />any governmental authority having jurisdiction. <br />"Escrow" is defined in Section 201. <br />"Escrow Agent" is defined in Section 201. <br />"Evidence of Construction Financing" means evidence of funds adequate in the <br />reasonable judgment of the Agency Executive Director, to construct and operate or market and <br />sell, as applicable, each Phase of the Developer Improvements. <br />"Evidence of Permanent Financing for the Rental Portion of the Project" means <br />evidence of a permanent loan for Phase R-1 and/or Phase R-2, as applicable, in an amount not to <br />exceed the amount necessary to take out the construction loan for such Phase. <br />"Exceptions" is defined in Section 202 hereof. <br />"Extremely Low Income" and/or "Extremely Low Income Households" shall mean <br />extremely low income households as defined in Health & Safety Code Section 50106. <br />"Final Phase FS Outside Closing Date" means the last date the final Closing with <br />respect to Phase FS may occur. <br />"For-Sale Portion of the Project" means that portion of the Project that consists of the <br />For-Sale Units (including the Affordable For-Sale Units). The For-Sale Portion of the Project <br />consists of six (6) lots as identified on the Site Map and shall be constructed in multiple phases, <br />and shall include any Additional Properties designated for For-Sale Units which are added to the <br />Project pursuant to Section 207 hereof. The Affordable For-Sale Units shall be located within <br />the For-Sale Portion of the Project. <br />"For Sale Unit(s)" means the Housing Unit(s) (inclusive of the Affordable For-Sale <br />Units) that shall be constructed and developed on the For-Sale Portion of the Project pursuant to <br />and consistent with the terms of this Agreement. A total of approximately thirty-two (32) For- <br />Sale Units (plus the For Sale Units to be constructed on the Additional Properties) shall be <br />constructed and developed by the Developer, inclusive of the Affordable For-Sale Units. <br />"Governmental Requirements" means all laws, ordinances, statutes, codes, rules, <br />regulations, orders and decrees of the United States, the state, the county, the City, or any other <br />political subdivision in which the Site is located, and of any other political subdivision, agency <br />or instrumentality exercising jurisdiction over the Agency, the Developer, the <br />Developer Improvements, and/or the Site. <br />"Grant Deed(s)" means the grant deed(s) for the Conveyance of each Phase from the <br />Agency to the Developer (or its permitted assignees), in the form of Attachment No. 3 hereto <br />which is incorporated herein by reference. <br />"Guarantor" is defined in Section 204.1(h). <br />6 <br />DOCSOG 1400673v 14/200272-0001