{"component": "definition", "props": {"groups": [{"size": 16, "snippet": "means, collectively, the Issuer Loan, the Seller Loan and any other subordinate loan incurred, assigned or assumed with the prior written consent of the Significant Bondholder, it being understood, acknowledged and agreed that \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall not be permitted to incur, assume or guaranty any parity or senior indebtedness of any nature or kind. 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by the California Department of Housing and Community Development to the Borrower; and (ii) that loan in the amount of $ from the Issuer to the Borrower.", "snippet_links": [{"key": "california-department-of-housing-and-community-development", "type": "clause", "offset": [60, 118]}, {"key": "to-the-borrower", "type": "clause", "offset": [119, 134]}, {"key": "the-issuer", "type": "definition", "offset": [179, 189]}], "samples": [{"hash": "a2MW8RbukgJ", "uri": "http://file.lacounty.gov/SDSInter/bos/supdocs/83582.pdf", "label": "Mortgage", "score": 11.0876112252, "published": false}], "hash": "490d5668edf16e1e9396cf6746db73f3", "id": 7}, {"size": 2, "snippet": "means the County Loan, the City Loan and any other subordinate loan now or hereafter approved by Bondowner Representative.", "snippet_links": [{"key": "county-loan", "type": "clause", "offset": [10, 21]}, {"key": "city-loan", "type": "definition", "offset": [27, 36]}, {"key": "subordinate-loan", "type": "definition", "offset": [51, 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Each of the foregoing is a \u201cSubordinate Loan.\u201d", "id": "subordinate-loans", "examples": ["If the moneys available from the proceeds of the sale of the Bonds and investment income thereon shall not be sufficient to pay the Project Costs in full, the Borrower shall pay from the <strong>Subordinate Loans</strong>, the Borrower Contribution and, to the extent necessary, its own funds all of that portion of the Project Costs in excess of the moneys available therefor from the sale of the Bonds and investment income thereon.", "Borrower shall deliver to Bondowner Representative copies, certified by Borrower to be true and correct, of the documents that evidence and secure the <strong>Subordinate Loans</strong>, the form and content of which shall be subject to Bondowner Representative\u2019s reasonable approval.", "Borrower shall at all times fully and timely comply and cause the Property and Improvements to comply with all applicable terms and conditions of the documents that evidence and secure the <strong>Subordinate Loans</strong> and shall provide Bondowner Representative with such verification of that compliance from time to time as reasonably requested by Bondowner Representative.", "Any unauthorized amendment of the Subordinate Loan Documents or assignment of the Subordinate \u2587\u2587\u2587\u2587\u2587\u2587&#x27;s interest in the <strong>Subordinate Loans</strong> without the County&#x27;s consent shall be void ab initio and of no effect whatsoever.", "Notwithstanding any term of this Agreement or the Loan Agreement to the contrary, Borrower and Guarantors shall not use any proceeds from the Lockbox Account, any proceeds from any capital contribution, any proceeds of the <strong>Subordinate Loans</strong>, or any net sale proceeds from the sale of any of the Rockies Properties or the Texas Properties for the purpose of acquiring any oil and gas properties or leases or drilling any well, without the prior written consent of Lender.", "Lender will allow the <strong>Subordinate Loans</strong> to be secured by the Security Documents on a fully-subordinated basis, pursuant to loan documents or amendments reasonably acceptable to Lender.", "Borrower shall timely perform all obligations of Borrower with respect to the <strong>Subordinate Loans</strong> under any documents executed in connection with the <strong>Subordinate Loans</strong>.", "Borrower shall not (a) commit any breach or default under any Subordinate Loan; (b) fail to maintain the <strong>Subordinate Loans</strong> in full force and effect until all sums owing to each Subordinate Lender with respect to such <strong>Subordinate Loans</strong> have been paid; or (c) consent to any termination, amendment or modification of the terms of any Subordinate Loan without Bondowner Representative\u2019s prior written consent.", "By executing this Agreement, the Borrower specifically authorizes the Subordinate Lender to endorse and remit any such payments to the County, and specifically waives any and all rights to have such payments returned to the Borrower or credited against the <strong>Subordinate Loans</strong>.", "If at any time the Borrower cures any Senior Mortgage Loan Default to the satisfaction of the County, as evidenced by written notice from the County to the Subordinate Lender, any default under the Subordinate Loan Documents arising from such Senior Mortgage Loan Default shall be deemed cured and the <strong>Subordinate Loans</strong> shall be retroactively reinstated as if such Senior Mortgage Loan Default had never occurred."], "related": [["subordinate-loan-documents", "Subordinate Loan Documents", "Subordinate Loan Documents"], ["subordinate-lender", "Subordinate Lender", "Subordinate Lender"], ["second-lien-loans", "Second Lien Loans", "Second Lien Loans"], ["subordinate-companion-loan", "Subordinate Companion Loan", "Subordinate Companion Loan"], ["subordinated-loans", "Subordinated Loans", "Subordinated Loans"]], "related_snippets": [], "updated": "2025-07-06T21:56:45+00:00"}, "json": true, "cursor": ""}}