SCHEDULE 1 TO MULTIFAMILY LOAN AND SECURITY AGREEMENT Definitions Schedule (Interest Rate Type Fixed Rate) – (Maryland IDOT) Capitalized terms used in the Loan Agreement have the meanings given to such terms in this Definitions Schedule. Interest” the Mortgage Loan that has not been added “Accrued means unpaid interest, if any, on to the unpaid principal balance of the Mortgage Loan pursuant to Section 2.02(b) (Capitalization of Accrued But Unpaid Interest) of the Loan Agreement. Lender Repairs” means repairs of the type listed on the Required Repair Schedule “Additional but not otherwise identified thereon that are determined advisable by Lender to keep the Mortgaged Property in good order and repair (ordinary wear and tear excepted) and in good marketable condition or to prevent deterioration of the Mortgaged Property. means replacements of the type listed on the Required Lender Replacements” “Additional Replacement Schedule but not otherwise identified thereon that are determined advisable by Lender to keep the Mortgaged Property in good order and repair (ordinary wear and tear excepted) and in good marketable condition or to prevent deterioration of the Mortgaged Property. Period” has the meaning set forth in the Summary of Loan Terms. “Amortization Type” has the meaning set forth in the Summary of Loan Terms. “Amortization means the Bank Secrecy Act of 1970, as amended (e.g., 31 U.S.C. Secrecy Act” “Bank Sections 5311-5330). means any one or more of the following: Event” “Bankruptcy (a) the commencement, filing or continuation of a voluntary case or proceeding under one or more of the Insolvency Laws by Borrower or IDOT Guarantor; (b) the acknowledgment in writing by Borrower or IDOT Guarantor (other than to Lender in connection with a workout) that it is unable to pay its debts generally as they mature; (c) the making of a general assignment for the benefit of creditors by Borrower or IDOT Guarantor; (d) the commencement, filing or continuation of an involuntary case or proceeding under one or more Insolvency Laws against Borrower or IDOT Guarantor; or
SCHEDULE 1 TO MULTIFAMILY LOAN AND SECURITY AGREEMENT Definitions Schedule (Interest Rate Type – Fixed Rate) (Maryland IDOT) Capitalized terms used in the Loan Agreement have the meanings given to such terms in this Definitions Schedule. “Accrued Interest” means unpaid interest, if any, on the Mortgage Loan that has not been added to the unpaid principal balance of the Mortgage Loan pursuant to Section 2.02(b) (Capitalization of Accrued But Unpaid Interest) of the Loan Agreement. “Additional Lender Repairs” means repairs of the type listed on the Required Repair Schedule but not otherwise identified thereon that are determined advisable by Lender to keep the Mortgaged Property in good order and repair (ordinary wear and tear excepted) and in good marketable condition or to prevent deterioration of the Mortgaged Property. “Additional Lender Replacements” means replacements of the type listed on the Required Replacement Schedule but not otherwise identified thereon that are determined advisable by Lender to keep the Mortgaged Property in good order and repair (ordinary wear and tear excepted) and in good marketable condition or to prevent deterioration of the Mortgaged Property. “Amortization Period” has the meaning set forth in the Summary of Loan Terms. “Amortization Type” has the meaning set forth in the Summary of Loan Terms. “Bank Secrecy Act” means the Bank Secrecy Act of 1970, as amended (e.g., 31 U.S.C. Sections 5311-5330). “Bankruptcy Event” means any one or more of the following: (a) the commencement, filing or continuation of a voluntary case or proceeding under one or more of the Insolvency Laws by Borrower or IDOT Guarantor; (b) the acknowledgment in writing by Borrower or IDOT Guarantor (other than to Lender in connection with a workout) that it is unable to pay its debts generally as they mature; (c) the making of a general assignment for the benefit of creditors by Borrower or IDOT Guarantor; (d) the commencement, filing or continuation of an involuntary case or proceeding under one or more Insolvency Laws against Borrower or IDOT Guarantor; or
6101fridot.docx