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2020_0518_CCPacket
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2020_0518_CCPacket
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1/7/2022 9:35:26 AM
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Roseville City Council
Document Type
Council Agenda/Packets
Meeting Date
5/18/2020
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Attachment B <br />Ð Project Loan Ñ means the loan made by the Governmental Lender to the Borrower <br />pursuant to the Project Loan Agreement in the maximum aggregate principal amount of <br />$34,000,000, as evidenced by the Project Note. <br />ÐProject Loan AgreementÑ means the Project Loan Agreement, dated as of the date hereof, <br />among the Borrower, the Governmental Lender and the Fiscal Agent, as amended, supplemented <br />or restated from time to time. <br />Ð Project Loan Documents Ñ means the Security Instrument, the Project Note, the Project <br />Loan Agreement, the Tax Regulatory Agreement, the Assignment, the Continuing Covenant <br />Agreement, and any and all other instruments and other documents evidencing, securing, or <br />otherwise relating to the Project Loan or any portion thereof. <br />ÐProject Loan FundÑ means the Project Loan Fund established by the Fiscal Agent <br />pursuant to Section 2.11 hereof. <br />ÐProject NoteÑ means the Multifamily Note, dated the Delivery Date, from the Borrower, <br />including all riders and addenda thereto, evidencing the BorrowerÓs obligation to repay the Project <br />Loan, which Project Note will be delivered to the Governmental Lender and endorsed by the <br />Governmental Lender to the Fiscal Agent as security for the Funding Loan, as the same will be <br />amended and restated into the form attached to the Construction Phase Financing Agreement upon <br />the occurrence of the Conversion Date, as the same may be further amended, restated, <br />supplemented, or otherwise modified from time to time, or any note executed in substitution <br />therefor, as such substitute note may be amended, restated, supplemented, or otherwise modified <br />from time to time. <br />ÐQualified InvestmentsÑ means any of the following if and to the extent permitted by law: <br />(a) direct and general obligations of the United States of America; (b) obligations of any agency <br />or instrumentality of the United States of America the payment of the principal of and interest on <br />which are unconditionally guaranteed by the full faith and credit of the United States of America; <br />(c) senior debt obligations of Freddie Mac; (d) senior debt obligations of Fannie Mae; (e) demand <br />deposits or time deposits with, or certificates of deposit issued by, the Fiscal Agent or its affiliates <br />or any bank organized under the laws of the United States of America or any state or the District <br />of Columbia which has combined capital, surplus and undivided profits of not less than <br />$50,000,000; provided that the Fiscal Agent or such other institution has been rated at the time of <br />investment at least ÐVMIG-1Ñ/ÓÑA-1+Ñ by MoodyÓs or S&P which deposits or certificates are fully <br />insured by the Federal Deposit Insurance Corporation or collateralized pursuant to the <br />requirements of the Office of the Comptroller of the Currency; (f) investment agreements with a <br />bank or any insurance company or other financial institution which has a rating assigned by <br />MoodyÓs or S&P to its outstanding long-term unsecured debt which is the highest rating (as defined <br />below) for long-term unsecured debt obligations assigned by MoodyÓs or S&P, and which are <br />approved by the Funding Lender Representative; (g) shares or units in any money market mutual <br />fund rated at the time of investment ÐAaaÑ/ÑAAAÑ by MoodyÓs or S&P (or if a new rating scale <br />is implemented, the equivalent rating category given by the Rating Agency for that general <br />category of security) (including mutual funds of the Fiscal Agent or its affiliates or for which the <br />Fiscal Agent or an affiliate thereof serves as investment advisor or provides other services to such <br />mutual fund receives reasonable compensation therefor) registered under the Investment Company <br /> 13 <br />12502516v3 <br /> <br />
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