2009_1207_Packet - Laserfiche WebLink

Home

which has been disbursed prior to the effective date of this Agreement. 4. First City HRA Loan (as defined herein), none of which has been disbursed prior to the effective date of this Agreement. 5. Second City HRA Loan (as defined herein), none of which has been disbursed prior to the effective date of this Agreement. 6. FHF Loan (as defined herein), none of which has been disbursed prior to the effective date of this Agreement. 7. LCDA/TBRA Loan (as defined herein), none of which has been disbursed prior to the effective date of this Agreement. 8. GP Loan (as defined herein), none of which has been disbursed prior to the effective date of this Agreement. 9. LIHTC Equity (as defined herein), none of which has been disbursed prior to the effective date of this Agreement. 10. Remaining Tax Credit Equity (as defined herein), none of which has been disbursed prior to the effective date of this Agreement. [_a portion of $ 350,000.00_] [_a portion of $ 350,000.00_] $ 173,500.00 $ 426,500.00 $ 97,000.00 '� ::. .. 11 $ 7,979,971.00 (deferred) C. Borrower has entered into agreements with each of U.S. Bank,1V�IFA, FHF, City, County HRA, City HRA and Aeon (the "Lenders") regarding disbursement of proceeds of the respective Loans; and D. The parties hereto wish to establish how the Loans are to be disbursed and the order of priority for the disbursement thereof. NOW, THEREFORE, the parties hereto agree as follows: 1. Definitions. For the purposes of this Master Disbursement Agreement, the recitals and definitions set forth above shall be incorporated into this Section 1 by reference. In addition, the following terms shall have the meanings set out respectively after each such term, and such meaning shall be equally applicable to both the singular and plural forms of the term defined: tb.us.4533336.03 2 Master Disbursement Agreement