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APPENDIX A
DEFINITIONS OF CERTAIN TERMS
“Act” means the Virginia Housing Authorities Law, Chapter 1, Title 36 of the Code of Virginia of
1950, as amended.
“Additional Payments” means the amounts required to be paid by the Borrower pursuant to the
provisions of the Loan Agreement.
“Adjusted Income” means the adjusted income of a person (together with the adjusted income of
all persons of the age of 18 years or older who intend to reside with such person in a dwelling unit), as
calculated in the manner prescribed under Section 142(d)(2)(B) of the Code.
“Administrative Fee” means the administrative fees of the Issuer payable under the Loan
Agreement.
“Affiliate” of any specified Person means any other Person directly or indirectly controlling or
controlled by or under direct or indirect common control with such specified Person. For purposes of this
definition, “control” when used with respect to any specified Person means the power to direct the policies
of such Person, directly or indirectly, whether through the power to appoint and remove its directors, the
ownership of voting securities, by contract, or otherwise; the terms “controlling” and “controlled” have
meanings correlative to the foregoing.
“Area Median Income” or “AMI” means the median yearly income for households of an applicable
size in the applicable Primary Metropolitan Statistical Area as most recently determined by the Secretary
of Housing and Urban Development under Section 8(f)(3) of the Housing Act, or, if such figures are no
longer available, the method of calculation is substantially altered, or the programs under Section 8(f) are
terminated, the Issuer shall provide the Borrower with another income determination that is reasonably
similar to the method used by the Secretary prior to such termination.
“Authenticating Agent” has the meaning provided in the Indenture.
“Authorized Borrower Representative” means the person or persons designated to act on behalf of
the Borrower by written certificate furnished to the Issuer and the Trustee containing the specimen signature
of such person and signed on behalf of the Borrower by an officer of the General Partner, which certificate
may designate an alternate or alternates. The initial Authorized Borrower Representatives are Stephen R.
Whyte, Tarun Chandran and Scott O. Langan.
“Authorized Denomination” means (a) so long as the Bonds are rated “A,” without regard to a
modifier (or the equivalent) or higher by a Rating Agency, $5,000 or any integral multiple of $1,000 in
excess thereof; or (b) at any other time, $100,000, or any integral multiple of $0.01 in excess thereof, except
that in each case one Bond may be in a principal amount equal to the then Outstanding principal amount of
the Bonds.
“Authorized Official” means the Chairman, Vice Chairman, Secretary/Treasurer and the Executive
Director of the Issuer, or any one of them individually.
“Available Money” means, as of any date of determination, any of the following, as applicable:
(a) the proceeds of the Bonds;Jump to an indexed page (744 of 744)