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ATTY/RESO.0053/CC RESO AMENDING AFFORDABLE HOUSING PRESERVATION PROGRAM – EXHIBIT B <br />REV: 08-19-24 LF <br />Page i of 86 <br />100. DEFINITIONS ................................................................................................................... 2 <br />101. Terms. .................................................................................................................... 2 <br />200. LOAN AGREEMENT ....................................................................................................... 8 <br />201. Loan ....................................................................................................................... 8 <br />202. Repayment of Loan. ............................................................................................... 8 <br />202.1 Maturity Date. .......................................................................................... 8 <br />202.2 Interest Rate ............................................................................................. 8 <br />202.3 Repayment Terms .................................................................................... 8 <br />203. Use of Funds .......................................................................................................... 8 <br />204. Disbursement of Loan Funds. ................................................................................ 8 <br />204.1 Conditions Precedent to Initial Disbursement ......................................... 8 <br />204.2 Conditions Precedent to Subsequent Disbursements ............................ 10 <br />205. Repayment of Loan .............................................................................................. 10 <br />206. Subordination of Loan ......................................................................................... 10 <br />207. City Not Liable .................................................................................................... 11 <br />300. REPRESENTATIONS AND WARRANTIES................................................................ 11 <br />301. City Representations ............................................................................................ 11 <br />301.1 Authority ................................................................................................ 11 <br />301.2 No Conflict ............................................................................................ 11 <br />301.3 No Bankruptcy ....................................................................................... 11 <br />301.4 No Condemnation .................................................................................. 11 <br />302. Borrower’s Representations ................................................................................. 11 <br />302.1 Organization .......................................................................................... 11 <br />302.2 Authority to Borrow .............................................................................. 11 <br />302.3 Authority of Persons Executing Documents ......................................... 11 <br />302.4 No Conflict ............................................................................................ 12 <br />302.5 Compliance with Laws; Consent and Approvals .................................. 12 <br />302.6 Valid Binding Agreement. ..................................................................... 12 <br />302.7 Pending Proceedings ............................................................................. 12 <br />302.8 Financial Statements .............................................................................. 12 <br />302.9 No Material Adverse Event ................................................................... 12 <br />302.10 Accuracy ................................................................................................ 12 <br />302.11 Disclosure of Information ...................................................................... 13 <br />302.12 No Condemnation .................................................................................. 13 <br />302.13 Eligible Costs ......................................................................................... 13 <br />302.14 FIRPTA. ................................................................................................ 13 <br />400. COVENANTS OF BORROWER.................................................................................... 13 <br />401. Borrower’s Financing .......................................................................................... 13 <br />402. Rehabilitation Work ............................................................................................. 13 <br />403. Permits, Licenses and Approvals ......................................................................... 13 <br />6.M. - Page 26 of 110 <br />482