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in the Special Funds during the applicable period; and (c) any additional Available Money delivered to the
Trustee by or on behalf of the Borrower to pay Bond Debt Service Charges and the Additional Payments,
in each instance, when due and payable, including, but not limited to, any cash flow projection prepared in
connection with (1) the initial issuance and delivery of the Bonds, (2) a proposed remarketing of the Bonds,
as provided in the Indenture, (3) a proposed optional redemption of the Bonds, as provided in the Indenture,
and (4) the purchase, sale, or exchange of Eligible Investments or the release of Available Money from the
Interest Account of the Bond Fund as provided in the Indenture.
“Closing Date” means July __, 2026, which is the date of issuance of the Bonds.
“Code” means the Internal Revenue Code of 1986, as amended, and all applicable regulations
(whether proposed, temporary or final) under the Code and the statutory predecessor of the Code, and any
official rulings and judicial determinations under the foregoing applicable to the Bonds.
“Collateral Fund” means the Collateral Fund created pursuant to the Indenture.
“Commonwealth” means the Commonwealth of Virginia.
“Completion Date” means the date of substantial completion of the Project evidenced in accordance
with the requirements of the Loan Agreement.
“Construction Period” means the period between the beginning of the acquisition, rehabilitation,
renovation, and equipping of the Project and the Completion Date.
“Continuing Disclosure Agreement” means the Continuing Disclosure Agreement, dated as of July
1, 2026, between the Borrower and the Dissemination Agent, as it may be amended from time to time.
“Contractual Obligation” means for any Person any obligation, covenant, or condition contained in
any evidence of Indebtedness or any agreement or instrument under or pursuant to which any evidence of
Indebtedness has been issued, or any other material agreement, instrument or guaranty, to which such
Person is a party or by which such Person or any of its assets or properties are bound.
“Costs of Issuance Fund” means the Costs of Issuance Fund created pursuant to the Indenture.
“Depository” means, with respect to the Bonds, DTC, until a successor Depository shall have
become such pursuant to the applicable provisions of the Indenture, and thereafter, Depository shall mean
the successor Depository. Any Depository shall be a securities depository that is a clearing agency under
federal law operating and maintaining, with its participants or otherwise, a Book-Entry System to record
ownership of book-entry interests in the Bonds or Bond Debt Service Charges thereon, and to effect
transfers of book-entry interests in the Bonds.
“Disbursement Request” shall have the meaning set forth in the Indenture.
“Disbursing Agreement” means the Construction Loan Disbursement Agreement, dated the
Closing Date, among the Bridge Lender, the Trustee, the Borrower, the FHA Lender, and the Title
Company, as it may be amended from time to time.
“Dissemination Agent” means U.S. Bank Trust Company, National Association, a national banking
association, its successors and assigns.
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