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