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Attachment B <br />intercompany profits resulting from members of an affiliated group (within the meaning of Section <br />1504 of the Code) participating in the acquisition, construction or development of the Project or <br />payments received by such affiliate due to early completion of the Project (or any portion thereof). <br />ÐCost of Issuance FundÑ means the Cost of Issuance Fund established by the Fiscal Agent <br />pursuant to Section 4.01 hereof. <br />ÐCosts of IssuanceÑ means, as applicable, (i) the fees (excluding ongoing fees), costs and <br />expenses of (a) the Governmental Lender, the Governmental LenderÓs counsel and the <br />Governmental LenderÓs municipal advisor, (b) Bond Counsel, (c) the Fiscal Agent and the Fiscal <br />AgentÓs counsel, (d) the Initial Funding Lender and the Initial Funding LenderÓs counsel (e) the <br />Freddie Mac Seller/Servicer and the Freddie Mac Seller/ServicerÓs counsel, (f) Freddie Mac and <br />Freddie MacÓs counsel, and (g) the BorrowerÓs counsel attributable to the funding of the Loans <br />and the BorrowerÓs financial advisor, if any, and (ii) all other fees, costs and expenses directly <br />associated with the Funding Loan and the Project Loan, including, without limitation, printing <br />costs, costs of reproducing documents, filing and recording fees. <br />ÐCosts of Issuance DepositÑ means the deposit to be made by the Borrower with the Fiscal <br />Agent on the Delivery Date, which deposit shall equal $0.00. <br />Ð Default Rate Ñ means (a) during the Construction Phase, an interest rate equal to the lower <br />of (i) six percent (6%) per annum above the Construction Phase Interest Rate or (ii) the Maximum <br />Interest Rate, and (b) during the Permanent Phase, an interest rate equal to the lower of (i) four <br />percent (4%) per annum above the Permanent Phase Interest Rate or (ii) the Maximum Interest <br />Rate. <br />ÐDelivery DateÑ means June ___, 2020, the date of funding of the initial advance of the <br />Funding Loan and the delivery of the Governmental Note by the Governmental Lender to the <br />Initial Funding Lender. <br />Ð Determination of Taxability Ñ means, with respect to the Governmental Note, (a) a <br />determination by the Commissioner or any District Director of the Internal Revenue Service, (b) a <br />private ruling or Technical Advice Memorandum issued by the National Office of the Internal <br />Revenue Service, (c) a determination by any court of competent jurisdiction, (d) the enactment of <br />legislation or (e) receipt by Fiscal Agent or Funding Lender Representative, at the request of <br />Governmental Lender, Borrower, Fiscal Agent or Funding Lender Representative, of an opinion <br />of Bond Counsel, in each case to the effect that the interest on the Governmental Note is includable <br />in gross income for federal income tax purposes of the Funding Lender or any former Funding <br />Lender other than a Funding Lender who is a Ðsubstantial userÑ of the Project or a Ðrelated personÑ <br />(as such terms are defined in Section 147(a) of the Code); provided, however, that no such <br />Determination of Taxability under clause (a) or (c) shall be deemed to have occurred if the <br />Governmental Lender (at the sole expense of the Borrower) or the Borrower is contesting such <br />determination, has elected to contest such determination in good faith and is proceeding with all <br />applicable dispatch to prosecute such contest until the earliest of (i) a final determination from <br />which no appeal may be taken with respect to such determination, (ii) abandonment of such appeal <br />by the Governmental Lender or the Borrower, as the case may be, or (iii) one year from the date <br />of initial determination. <br /> 7 <br />12502516v3 <br /> <br />