This page uses extracted PDF text. Text can misread numbers, dates or table columns. Check the PDF before quoting or interpreting it. Redacted areas remain redacted.
“Fiscal Year” means, with respect to a Person, that period beginning on January 1 of each year and
ending on December 31 of the same year or such other fiscal year as shall be designated by such Person as
its annual accounting period.
“Force Majeure” means any of the causes, circumstances or events described as constituting Force
Majeure in Section 7.1 of the Loan Agreement or Section 6.02(n) hereof.
“GAAP” means generally accepted accounting principles applied on a consistent basis.
“General Partner” means Stuart Gardens II Housing Management, LLC, a Virginia limited liability
company, together with its permitted successors and assigns.
“GNMA” means the Government National Mortgage Association, a corporate instrumentality of
the United States within the United States Department of Housing and Urban Development organized and
existing under the National Housing Act.
“GNMA Documents” means the GNMA Guaranty and the documents related to the GNMA
Guaranty.
“GNMA Guaranty” means the guaranty made by GNMA pursuant to the provisions of
Section 306(g) of Title III of the National Housing Act, as amended, and the regulations promulgated under
the National Housing Act.
“GNMA Mortgage-Backed Securities Guide” means the GNMA Handbook 5500.3, as it may be
amended or modified from time to time, which describes and provides instruction to the participants in the
GNMA Mortgage-Backed Securities program.
“GNMA Regulations” means the GNMA regulations promulgated under the National Housing Act.
“GNMA Security” or “GNMA Securities” means a fully modified pass through security in the form
of a CLC or a PLC issued by an approved FHA lender and guaranteed by GNMA as to timely payment of
principal of and interest on a PLC and as to timely payment of interest only until maturity and timely
payment of principal at maturity on a CLC, pursuant to Section 306(g) of the National Housing Act of 1934,
as amended, and the regulations promulgated thereunder.
“Government” means the government of the United States of America, the government of any other
nation, any political subdivision of the United States of America or any other nation (including, without
limitation, any state, territory, federal district, municipality or possession) and any department, agency or
instrumentality thereof; and “Governmental” shall mean of, by, or pertaining to any Government.
“Government Obligations” means non-callable, non-redeemable direct obligations of the United
States of America, including obligations issued or held in book-entry form on the books of the Department
of the Treasury of the United States of America.
“GRRP Loan” shall mean the Green and Resilient Retrofit Program Loan through HUD’s
$10,000,000 Leading Edge Award Cohort grant/award to the Borrower.
“Highest Rating Category” means, with respect to an Eligible Investment, that the Eligible
Investment is rated by a Rating Agency in the highest rating given by that Rating Agency for that Rating
Category, provided that such rating shall include but not be below Aaa or Aaa/VMIG-1 if rated by Moody’s
or A-1+ or AA+ if rated by S&P.
9Jump to an indexed page (744 of 744)