Fee” means the non-refundable fee of $3,000 payable to Lender. “Review Country” means a country subject to either a targeted or comprehensive “Sanctioned sanctions program administered and enforced by OFAC, which list is updated from time to time. Person” means (a) a Person named on the list of “Sanctioned “Specially Designated Nationals and maintained by OFAC, available at , or as otherwise published from time to Blocked Persons” time; (b) (1) an agency of the government of a Sanctioned Country, (2) an organization controlled by a Sanctioned Country, or (3) a Person resident in a Sanctioned Country, to the extent any Person described in clauses (1), (2) or (3) is the subject of a sanctions program administered by OFAC; and, (c) a Person whose property and interests in property are blocked pursuant to an Executive Order or regulations administered by OFAC consistent with the guidance issued by OFAC. of Interest Rate Type Provisions” means that certain Schedule 3 (Schedule of Interest “Schedule Rate Type Provisions) to the Loan Agreement. Instrument” means that certain multifamily indemnity deed of trust executed and “Security delivered by IDOT Guarantor as security for the IDOT Guaranty and encumbering the Mortgaged Property, including all riders or schedules attached thereto, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. Arrangement” means any arrangement between Lender and the Loan Servicer for loss “Servicing sharing or interim advancement of funds. of Loan Terms” means that certain Schedule 2 (Summary of Loan Terms) to the Loan “Summary Agreement. has the meaning set forth in the Security Instrument. “Taxes” Policy” means the loan policy of title insurance issued in connection with the “Title mortgagee’s Mortgage Loan and insuring the lien of the Security Instrument as set forth therein, as approved by Lender. Parking Spaces” has the meaning set forth in the Summary of Loan Terms. “Total Residential Units” has the meaning set forth in the Summary of Loan Terms. “Total means: “Transfer” (a) a sale, assignment, transfer or other disposition (whether voluntary, involuntary, or by operation of law), other than Residential Leases, Material Commercial Leases or non-Material Commercial Leases permitted by this Loan Agreement;
“Review Fee” means the non-refundable fee of $3,000 payable to Lender. “Sanctioned Country” means a country subject to either a targeted or comprehensive sanctions program administered and enforced by OFAC, which list is updated from time to time. “Sanctioned Person” means (a) a Person named on the list of “Specially Designated Nationals and Blocked Persons” maintained by OFAC, available at , or as otherwise published from time to time; (b) (1) an agency of the government of a Sanctioned Country, (2) an organization controlled by a Sanctioned Country, or (3) a Person resident in a Sanctioned Country, to the extent any Person described in clauses (1), (2) or (3) is the subject of a sanctions program administered by OFAC; and, (c) a Person whose property and interests in property are blocked pursuant to an Executive Order or regulations administered by OFAC consistent with the guidance issued by OFAC. “Schedule of Interest Rate Type Provisions” means that certain Schedule 3 (Schedule of Interest Rate Type Provisions) to the Loan Agreement. “Security Instrument” means that certain multifamily indemnity deed of trust executed and delivered by IDOT Guarantor as security for the IDOT Guaranty and encumbering the Mortgaged Property, including all riders or schedules attached thereto, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. “Servicing Arrangement” means any arrangement between Lender and the Loan Servicer for loss sharing or interim advancement of funds. “Summary of Loan Terms” means that certain Schedule 2 (Summary of Loan Terms) to the Loan Agreement. “Taxes” has the meaning set forth in the Security Instrument. “Title Policy” means the mortgagee’s loan policy of title insurance issued in connection with the Mortgage Loan and insuring the lien of the Security Instrument as set forth therein, as approved by Lender. “Total Parking Spaces” has the meaning set forth in the Summary of Loan Terms. “Total Residential Units” has the meaning set forth in the Summary of Loan Terms. “Transfer” means: (a) a sale, assignment, transfer or other disposition (whether voluntary, involuntary, or by operation of law), other than Residential Leases, Material Commercial Leases or non-Material Commercial Leases permitted by this Loan Agreement;