SR 05:219 - Laserfiche WebLink

(i) California Housing Finance Agency HELP Loan in the amount of Two Million Dollars ($2,000,000) (the "CalHFA Loan"), if awarded; (ii) City tax exempt installment sales financing in the approximate amount of Nineteen Million Dollars ($19,000,000) (the "Bond Loan"); and (iii) Such other loans as are approved in writing by the City. (d) ""Bond Trustee" shall mean the trustee appointed pursuant to the Trust Agreement with respect to the Bond Loan. (e) "Borrower" shall mean BLP Partnership, Inc., a California nonprofit public benefit corporation. (f) "City" sl;1all mean the City of Pleasant on, a California municipal corporation. (g) "Deed bf Trust" shall mean the deed of trust that will encumber the Project to secure repayment of the Loan. (h) "Default" shall have the meaning set forth in Section 5.1 below. (i) "Hazardous Materials" shall mean the following: hazardous substance, hazardous waste, infectious waste, or hazardous material as defined in any federal, state or local statute, ordinance, regulation, or rule applicable to the Property, including the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (42 U.S.C. Section 9601 et sea.) or Sections 25280 et sea., 25310 et sea., 25110 et sea., or 25500 et sea. of the California Health and Safety Code at such time; any other waste, substance or material designated or regulated in any way as "toxic" or "hazardous" in the Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et sea.), Federal Water Pollution Control Act (33 U.S.C. Section 1251 et sea.), Safe Drinking Water Act (42 U.S.c. Section 300f et sea.), Toxic Substances Control Act (15 U.S.C. Section 2601 et sea.), Clean Air Act (42 U.S.c. Section 7401 et sea.), California Health and Safety Code (Section 25100 et sea.), or California Water Code (Section 13000 et sea.) at such time; and any additional wastes, substances or material which at such time are classified, considered or regulated as hazardous or toxic under any other present or future environmental or other similar laws relating to the Property, including asbestos, asbestos- containing materials, radon gas, oil or any fraction thereof of petroleum products, but excluding any substances or materials used in the construction, development, maintenance or operation of the Project, so long as the same are used in accordance with all applicable laws. , (j) "Hazardous Materials Law" shall mean all federal, state, and loca11aws, ordinances, regulations, orders and directives pertaining to Hazardous Materials in, on or under the Property or any portion thereof. (k) "HELP Loan" shall mean the California Housing Finance Agency HELP Loan made by City to Borrower as part of the Approved Financing. (I) "HUD" shall mean the United States Department of Housing and Urban Development. 2 J 44\ J 05\217525. J 4