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135242345v3 4 “Advance Request” means a request by Borrower to Initial Funding Lender that Initial Funding Lender disburse proceeds of the Funding Loan to Fiscal Agent as provided hereunder, which request shall be in the form prescribed by the Construction Continuing Covenant Agreement. “Advance Termination Date” means the earliest to occur of (a) the date when the sum of the aggregate advances of the Funding Loan made by Initial Funding Lender equals the Authorized Amount, (b) the date that is [four?] years after the Delivery Date, (c) the Conversion Date, (d) the date of a Determination of Taxability or (e) the occurrence of an Event of Default hereunder. “Assignment” means the Assignment of Security Documents dated as of the Delivery Date by Governmental Lender assigning its interest in the Security Instrument to Fiscal Agent, for the benefit of the Funding Lender. “Authorized Amount” means $25,820,000, the maximum aggregate principal amount of the Funding Loan authorized under this Funding Loan Agreement. “Authorized Officer” means (a) when used with respect to Governmental Lender, the City Administrator of Governmental Lender and such additional Person or Persons, if any, duly designated by Governmental Lender in writing to act on its behalf, (b) when used with respect to Borrower, any [OFFICER TITLE] of Borrower and such additional Person or Persons, if any, duly designated by Borrower in writing to act on its behalf, (c) when used with respect to Fiscal Agent, any authorized signatory of Fiscal Agent, or any Person who is authorized in writing to take the action in question on behalf of Fiscal Agent, (d) when used with respect to Loan Servicer, any Person or Persons duly designated by Loan Servicer in writing to act on its behalf, and (e) when used with respect to Funding Lender Representative, any Person who is authorized in writing to take the action in question on behalf of Funding Lender Representative. “Bankruptcy Code” means the United States Bankruptcy Code, 11 U.S.C. Section 101 et seq., as amended from time to time. “Bond Counsel” means (a) on the Delivery Date, the law firm or law firms delivering the approving opinion(s) with respect to the Governmental Note, or (b) any other firm of attorneys selected by Governmental Lender that is experienced in matters relating to the issuance of obligations by states and their political subdivisions that is listed as municipal bond attorneys in The Bond Buyer’s Municipal Marketplace and is acceptable to Funding Lender Representative. “Borrower” means the entity identified as “Borrower” in the Recitals of this Funding Loan Agreement, together with any of its permitted successors and assigns, as owner of the Project. “Borrower Equity Account” means the Borrower Equity Account of the Project Loan Fund established by Fiscal Agent pursuant to Section 2.11 hereof. “Borrower Equity Deposit” means $[________], which shall be comprised of sources other than the proceeds of the Project Loan. “Business Day” means any day other than a Saturday, a Sunday, or any other day on which Fiscal Agent, Funding Lender or the national banking associations are not open for business.