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6 <br />the TIF Note; or (c) the date of termination of the Note and this Agreement by the Authority due to <br />an Event of Default as set forth in Section 9.2 hereof. <br /> “TIF District Property” means the real property described in EXHIBIT A of this Agreement. “TIF Note” means a Tax Increment Revenue Note, substantially in the form attached hereto <br />as EXHIBIT E, to be delivered by the Authority to the Developer in accordance with Section 3.6 <br />hereof. “Townhomes” means 20 detached townhomes to be constructed by the Developer on land adjacent to the Senior Housing Units. <br /> <br />“Transfer” has the meaning set forth in Section 8.2(a) hereof. “Unavoidable Delays” means delays beyond the reasonable control of the party seeking to be excused as a result thereof which are the direct result of strikes, other labor troubles, prolonged <br />adverse weather or acts of God, fire or other casualty to the Minimum Improvements or Infrastructure <br />Improvements, litigation commenced by third parties which, by injunction or other similar judicial action, directly results in delays, or acts of any federal, state or local governmental unit (other than the Authority in exercising its rights under this Agreement), including without limitation condemnation or threat of condemnation of any portion of the TIF District Property, which directly <br />result in delays. Unavoidable Delays shall not include delays experienced by the Developer in <br />obtaining permits or governmental approvals necessary to enable construction of the Minimum Improvements or Infrastructure Improvements by the dates such construction is required under Section 4.3 hereof, so long as the Construction Plans have been approved in accordance with Section 4.2 hereof. <br /> <br />“Willow Ponds TIF District” means the Tax Increment Financing (Housing) District No. 1-5 approved by the Authority on December 28, 1992. <br /> <br /> <br />(The remainder of this page is intentionally left blank.)