Common Contracts
1 similar Borrower Loan Agreement contracts
REGULATORY AGREEMENT AND DECLARATION OF RESTRICTIVE COVENANTSBorrower Loan Agreement • November 8th, 2016 • California
WHEREAS, the Issuer proposes to issue up to $[7,380,000] principal amount of its City of Oceanside Multifamily Housing Revenue Note (Villa Storia), 20016 Series A, (the “Note”), pursuant to Chapter 7 of Part 5 of Division 31 (commencing with Section 52075) of the Health and Safety Code of the State of California (the “Housing Act”), with the proceeds of the Note to be utilized to fund a loan to the Borrower pursuant to the terms of the Borrower Loan Agreement, dated as of December 1, 2016 (as supplemented and amended from time to time, the “Loan Agreement”), by and between the Issuer, and the Borrower, in order to enable the Borrower to finance the acquisition, construction and equipping of a multifamily rental housing development to be known as Villa Storia, consisting of 38 housing units (the “Project”) located in the City of Oceanside, County of San Diego, California, on the site described in Exhibit A hereto (the “Land”); and
