BLP PARTNERSHIP GROUND LEASE - Laserfiche WebLink

(d) "City HELP Loan" shall mean the One Million Five Hundred Thousand Dollar ($1,500,000) loan in California Housing Finance Authority Housing Enabled by Local Partnership funds from the City to the Borrower. (e) "City HELP Loan Documents" shall mean the loan agreement by and between the Lessee and the Lessor, the regulatory agreement by and between the Lessee and Lessor, the promissory note by Lessee for the benefit of Lessor and deed of trust by Lessee securing such promissory note, all evidencing the City HELP Loan. (f) "City Loan" shall mean the Two Million Four Hundred Ninety Thousand Dollar ($2,490,000) loan from Lessor to Lessee as evidenced by the City Loan Agreement. (g) "City Loan Agreement" shall mean the Loan Agreement by and between Lessor and Lessee dated September 1, 2005. (h) "City Loan Documents" shall mean the.City Loan Agreement, City Regulatory Agreement, the promissory note evidencing the City Loan and the deed of trust securing the City Loan. (i) "City Regulatory Agreement" shall mean the regulatory agreement by and between Lessor and Lessee dated September 1, 2005setting forth the requirement to provide occupancy and certain services to a specified number of low and very low income households at affordable charges at the Project. Q) "Date Of This Lease" shall mean the date first written above on which this Lease is effective. (k) "Improvements" shall mean the buildings, structures, surface parking, landscaping and other improvements, including any building fixtures, now or later located on the Land as described in Recital A above and generally consisting of an assisted living wing . containing eighty -six (86) residential units and a dementia wing containing nineteen (19) units. (1) "Land" shall mean the land, more fully described in Exhibit A attached to this Lease and incorporated into this Lease by this reference. (m) "Lease" shall mean this Ground Lease between the Lessee and the Lessor and shall include any and all amendments made to this Lease in writing. (n) "Lease Term" shall mean the fifty -five (55) -year period set forth in Section 2.2 below, during which this Lease shall be in effect unless earlier terminated in accordance with the provisions of this Lease (o) "Lease Year" shall mean a period of one calendar year beginning January 1 and ending December 31. The first lease year shall commence on the Date Of This Lease and end on the last day of the following December. The last lease year shall begin on January 1 of that year and end on the last day of the Lease Term. (p) "Lenders" shall mean each and all of the lenders providing the Other Loans to Lessee, or guaranteeing, insuring or credit enhancing Other Loans to the Lessee. 144 \105\153233.25 3