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<br />6 <br />“Loan Agreement” means the Loan Agreement, dated as of ___________ 1, 202__, <br />from the Company to the Issuer and all amendments and supplements thereto. <br />“Loan Payments” means the amounts required to be repaid by the Company to the <br />Issuer under the terms of the Loan Agreement. <br />“Pledge Resolution” means Resolution No. ______ adopted by the Redevelopment <br />Commission on ______________, 2025, irrevocably dedicating and pledging to the Issuer the TIF <br />Revenues to pay the debt service on the Bonds. <br /> “Project” means the development and construction of 2 buildings housing <br />approximately 291 apartments and an approximately 398 space structured garage located in the <br />Allocation Area established by the Redevelopment Commission. <br /> “Project Fund” means the Project Fund for the Bonds established in Section 4.3 of <br />this Indenture. <br />“Qualified Investments” means any of the following to the extent permitted by law: <br />(i) Government Obligations; (ii) money market funds, which may be funds of the Trustee or its <br />affiliates, the assets of which are obligations of or guaranteed by the United States of America and <br />which funds are rated at the time of purchase “AAAm or higher by Standards & Poor’s Ratings <br />Service, Inc. and/or “Aaa” by Moody’s Investors Service, Inc.; (iii) bonds, debentures, notes or <br />other evidence of indebtedness issued or guaranteed by any of the following federal agencies: <br />Export-Import Bank, Farmers Home Administration, Federal Financing Bank, Federal Housing <br />Administration, Government National Mortgage Association, Maritime Administration and Farm <br />Credit Banks; (iv) certificates of deposit, savings accounts, deposit accounts or depository receipts <br />of a bank, savings and loan associations and mutual savings banks, including the Trustee or its <br />affiliates, each insured to the extent provided by the Federal Deposit Insurance Corporation; (v) <br />bankers’ acceptances or certificates of deposit of commercial banks or savings and loan <br />associations, including the Trustee or its affiliates, which mature not more than one year after the <br />date of purchase; provided the banks or savings and loan associations (as opposed to their holding <br />companies) are rated for unsecured debt at the time of purchase of the investments in the single <br />highest full classification established by Moody’s Investors Service, Inc. and Standard & Poor’s <br />Ratings Service, Inc.; (vi) commercial paper rated at the time of purchase in the single highest full <br />classification by Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Service, Inc. and <br />which matures not more than 270 days after the date of purchase; (vii) any guaranteed investment <br />contract or investment agreement of a financial institution which is rated in one of the two highest <br />rating categories by Standard & Poor’s Ratings Services; and (viii) repurchase agreements with <br />any bank or trust company organized under the laws of any state of the United States of America <br />or any national banking association (including the Trustee or its affiliates) or government bond <br />dealer reporting to, trading with, and recognized as a primary dealer by the Federal Reserve Bank <br />of New York, which agreement is secured by any one or more of the securities described in clauses <br />(i), (iii) or (iv) above; provided, underlying securities are required by the repurchase agreement to <br />be continuously maintained at a market value not less than the amount so invested. <br />“Record Date” means the fifteenth day of the month immediately preceding any <br />Interest Payment Date.