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<br />ATTY/RESO.0053/CC RESO AMENDING AFFORDABLE HOUSING PRESERVATION PROGRAM – EXHIBIT B <br />REV: 08-19-24 LF <br />Page 7 of 86 <br />1.1.33 Indemnifying Party. A Party that agrees to Indemnify any other <br />Person under the terms of this Regulatory Agreement. <br />1.1.34 Insurance Requirements. Those certain insurance requirements that <br />are required by the City as a condition of making the Loan to the Owner attached to the Loan <br />Agreement as Attachment No. 8. The Insurance Requirements are incorporated herein by this <br />reference. <br />1.1.35 Legal Costs. In reference to any Person, all reasonable costs and <br />expenses such Person incurs in any legal proceeding (or other matter for which such Person is <br />entitled to be reimbursed for its Legal Costs), including reasonable attorneys’ fees, court costs and <br />expenses, and consultant and expert witness fees and expenses. <br />1.1.36 Low Income Households. Low Income Households shall have the <br />same meaning as defined in [INSERT DEFINITION BASED ON APPLICABLE FUNDING <br />SOURCE(S) REQUIREMENTS].. <br />1.1.37 Maintenance Deficiency. Defined in Section 3.5.2. <br />1.1.38 Maintenance Standard. Defined in Section 3.5.1. <br />1.1.39 Noncompliant Existing Tenants. Defined in Section 2.3. <br />1.1.40 Notice. Any consent, demand, designation, election, notice, or request <br />relating to this Regulatory Agreement, including any Notice of Default. All Notices must be in <br />writing. <br />1.1.41 Notice of Default. Any Notice claiming or giving Notice of a Default <br />or alleged Default. <br />1.1.42 Notify. To give a Notice. <br />1.1.43 Owner Parties. Collectively, the Owner, members, directors, officers, <br />employees, agents, partners, managers and holders of Equity Interests in the Owner. <br />1.1.44 Owner Party. Individually, the Owner, each of its members, directors, <br />officers, employees, agents, partners, managers, and each holder of Equity Interests in the Owner. <br />1.1.45 Parties. Collectively, the City and the Owner. <br />1.1.46 Party. Individually, either the City or the Owner, as applicable. <br />1.1.47 Person. Any association, corporation, governmental entity or agency, <br />individual, joint venture, joint-stock company, limited liability company, partnership, trust, <br />unincorporated organization or other entity of any kind. <br />1.1.48 Property Records. All books, records, statements, contracts and other <br />records of the Owner or any Affiliate relating in any way to the use, occupancy or operation of the <br />6.M. - Page 80 of 110 <br />536