Common use of Definitions and Background Clause in Contracts

Definitions and Background. 1. 1Capitalized terms used in this Purchase Contract but not defined herein have the meanings assigned to them in Trust Indenture by and between the Issuer and Zions Bancorporation, National Association, a national banking association (the “Trustee”) dated as of March 1, 2023 (the “Indenture”). 1. 2This Purchase Contract is for the sale and delivery of the Issuer’s $11,275,000 Economic Development Authority of Northampton County and Towns Multifamily Housing Revenue Bonds (Myrtle Landing Apartments), Series 2023 (the “Bonds”) which are being issued by the Issuer to provide financing for the Project. The Bonds will be issued pursuant to (i) that certain resolution of the Issuer adopted July 28, 2022 (the “Bond Resolution”), (ii) the Industrial Development and Revenue Bond Act, Chapter 49, Title 15.2 of the Code of Virginia of 1950, as amended (the “Act”), and (iii) the terms of the Indenture. The Bonds will be payable from sources pledged under the Indenture, including the moneys and securities from time to time held by the Trustee in the funds and accounts established under the terms of the Indenture (collectively, the “Trust Estate”). In connection with the issuance of the Bonds, the Issuer will execute and deliver this Purchase Contract; the Indenture; the Loan Agreement by and between the Issuer and the Borrower (the “Loan Agreement”) dated as of March 1, 2023; the Tax Certificate and Agreement of the Issuer and the Borrower dated March __, 2023 (the “Tax Agreement”); and the Regulatory Agreement and Declaration of Restrictive Covenants (the “Regulatory Agreement”) (collectively, the “Issuer Documents”) and the Borrower will execute and deliver this Purchase Contract, the Loan Agreement, the Continuing Disclosure Agreement, the Remarketing Agreement, the Tax Agreement, and the Regulatory Agreement (collectively, the “Borrower Documents”). The Issuer Documents and the Borrower Documents are referred to herein as the “Financing Documents.”

Definitions and Background. 1. 1Capitalized 1.1 Capitalized terms used in this Purchase Contract but not defined herein have the meanings assigned to them in the Trust Indenture by and between the Issuer and Zions BancorporationWilmington Trust, National Association, a national banking association (the “Trustee”) dated as of March January 1, 2023 (the “Indenture”). 1. 2This 1.2 This Purchase Contract is for the sale and delivery of the Issuer’s $11,275,000 Economic Development Authority of Northampton County and Towns 9,000,000 Austin Housing Finance Corporation Multifamily Housing Revenue Bonds (Myrtle Landing Live Make Apartments), Series 2023 (the “Bonds”) which are being issued by the Issuer to provide financing for the Project. The Bonds will be issued pursuant to (i) that certain resolution of the Issuer adopted July 28December , 2022 (the “Bond Resolution”), (ii) the Industrial Development and Revenue Bond Texas Housing Finance Corporations Act, Chapter 49394, Title 15.2 of the Code of Virginia of 1950Texas Local Government Code, as amended (the “Act”), and (iii) the terms of the Indenture. The Bonds will be payable from sources pledged under the Indenture, including the moneys and securities from time to time held by the Trustee in the funds and accounts established under the terms of the Indenture (collectively, the “Trust Estate”). In connection with the issuance of the Bonds, the Issuer will execute and deliver this Purchase Contract; the Indenture; the Loan Agreement by and between the Issuer and the Borrower (the “Loan Agreement”) dated as of March January 1, 2023; the Tax Certificate and Agreement of among the Issuer Issuer, the Borrower and the Borrower Trustee dated March __January , 2023 (the “Tax AgreementCertificate”); and the Tax Regulatory Agreement and Declaration of Restrictive Covenants (the “Regulatory Agreement”) (collectively, the “Issuer Documents”) and the Borrower will execute and deliver this Purchase Contract, the Loan Agreement, the Continuing Disclosure Agreement, the Remarketing Agreement, the Tax AgreementCertificate, and the Regulatory Agreement (collectively, the “Borrower Documents”). The Issuer Documents and the Borrower Documents are referred to herein as the “Financing Documents.”

Definitions and Background. 1. 1Capitalized 1.1 Capitalized terms used in this Purchase Contract but not defined herein have the meanings assigned to them in the Trust Indenture by and between the Issuer and Zions BancorporationBOKF, National AssociationNA, a national banking association (the “Trustee”) dated as of March October 1, 2023 2024 (the “Indenture”). 1. 2This 1.2 This Purchase Contract is for the sale and delivery of the Issuer’s $11,275,000 Economic Development Authority of Northampton County and Towns Multifamily Housing Revenue Bonds (Myrtle Landing Tower Road Apartments), Series 2023 2024 (the “Bonds”) which are being issued by the Issuer to provide financing for the Project. The Bonds will be issued pursuant to (i) that certain resolution of the Issuer adopted July 28September 18, 2022 2024 (the “Bond Resolution”), (ii) the Industrial Development and Revenue Bond Texas Public Facility Corporation Act, Chapter 49303, Title 15.2 of the Code of Virginia of 1950Texas Local Government Code, as amended (the “Act”), and (iii) the terms of the Indenture. The Bonds will be payable from sources pledged under the Indenture, including the moneys and securities from time to time held by the Trustee in the funds and accounts established under the terms of the Indenture (collectively, the “Trust Estate”). In connection with the issuance of the Bonds, the Issuer will execute and deliver this Purchase Contract; the Indenture; the Loan Agreement by and between the Issuer and the Borrower (the “Loan Agreement”) dated as of March October 1, 20232024; the Tax Exemption Certificate and Agreement of between the Issuer and the Borrower dated March __, 2023 (the “Tax Exemption Agreement”)) dated October 11, 2024; and the Regulatory Agreement and Declaration of Restrictive Covenants among the Issuer, the Borrower and the Trustee (the “Tax Regulatory Agreement”) dated as of October 1, 2024 (collectively, the “Issuer Documents”) ); and the Borrower will execute and deliver this Purchase Contract, the Loan Agreement, the Continuing Disclosure Agreement, the Remarketing Agreement, the Tax Exemption Agreement, and the Tax Regulatory Agreement (collectively, the “Borrower Documents”). The Issuer Documents and the Borrower Documents are referred to herein as the “Financing Documents.”

Definitions and Background. 1. 1Capitalized ‌ 1.1 Capitalized terms used in this Purchase Contract but not defined herein have the meanings assigned to them in the Trust Indenture by and between the Issuer and Zions BancorporationWilmington Trust, National Association, a national banking association (the “Trustee”) dated as of March November 1, 2023 2024 (the “Indenture”). 1. 2This 1.2 This Purchase Contract is for the sale and delivery of the Issuer’s $11,275,000 Economic Development Authority of Northampton County and Towns 64,819,000 Austin Housing Finance Corporation Multifamily Housing Revenue Bonds (Myrtle Landing Apartments), Sage at Franklin Park) Series 2023 2024 (the “Bonds”) which are being issued by the Issuer to provide financing for the Project. The Bonds will be issued pursuant to (i) that certain resolution of the Issuer adopted July 28November , 2022 2024 (the “Bond Resolution”), (ii) the Industrial Development and Revenue Bond Texas Housing Finance Corporations Act, Chapter 49394, Title 15.2 of the Code of Virginia of 1950Texas Local Government Code, as amended (the “Act”), and (iii) the terms of the Indenture. The Bonds will be payable from sources pledged under the Indenture, including the moneys and securities from time to time held by the Trustee in the funds and accounts established under the terms of the Indenture (collectively, the “Trust Estate”). In connection with the issuance of the Bonds, the Issuer will execute and deliver this Purchase Contract; the Indenture; the Loan Agreement by and between the Issuer and the Borrower (the “Loan Agreement”) dated as of March November 1, 20232024; the Tax Certificate and Agreement of among the Issuer Issuer, the Borrower and the Borrower Trustee dated March __November , 2023 2024 (the “Tax AgreementCertificate”); and the Tax Regulatory Agreement and Declaration of Restrictive Covenants (the “Regulatory Agreement”) (collectively, the “Issuer Documents”) and the Borrower will execute and deliver this Purchase Contract, the Loan Agreement, the Continuing Disclosure Agreement, the Remarketing Agreement, the Tax AgreementCertificate, and the Regulatory Agreement (collectively, the “Borrower Documents”). The Issuer Documents and the Borrower Documents are referred to herein as the “Financing Documents.”