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now or hereafter in effect in each case relating to pollution or protection of individual, public or
<br />employee health or safety or the environment (including, without limitation, ambient and indoor
<br />air, surface water, groundwater, soil, land surface or subsurface, and natural resources such as
<br />wetlands, flora and fauna) including, without limitation, laws relating to (a) emissions,
<br />discharges, releases or threatened releases of Hazardous Materials into the environment and (b)
<br />the manufacture, processing, distribution, use, generation, treatment, storage, disposal, transport
<br />or handling of Hazardous Materials.
<br />"Event of Default" shall have the meaning given in Section 7.1 hereof.
<br />"Final Construction Plans" has the meaning set forth in the Development Agreement.
<br />"General Contractor" means Flaherty & Collins Construction, Inc.
<br />"Hazardous Materials" includes but is not limited to substances defined as "hazardous
<br />substances," "toxic substances" or "hazardous wastes" in the Comprehensive Environmental
<br />Response Compensation Liability Act of 1980, as amended, 42 U.S.C. §9601, et seq., and
<br />substances defined as "hazardous wastes," "hazardous substances," "pollutants, or contaminants"
<br />as defined in the Minnesota Environmental Response Liability Act, Minnesota Statutes
<br />§115B.02. The term "Hazardous Materials" also includes asbestos, polychlorinated biphenyls,
<br />petroleum, including crude oil or any fraction thereof, petroleum products, heating oil, natural
<br />gas, natural gas liquids, liquefied natural gas, or synthetic gas useable for fuel (or mixtures of
<br />natural gas or synthetic gas).shall mean any pollutant, contaminant, toxic or hazardous substance,
<br />constituent or waste, or any other constituent, waste, material, compound or substance including,
<br />without limitation, asbestos, petroleum (including crude oil or any fraction thereof) or any
<br />petroleum product, which is subject to regulation or which can give rise to liability under any
<br />Environmental Law.
<br />"Housing Development Project" means the Housing Development Project as defined in
<br />the Development Agreement.
<br />"Inspecting Architect" means the architect the HRA engages pursuant to Section 4.9 to
<br />provide the certifications required in Section 4.1.
<br />"Loan Agreement" means this Loan Agreement as the same may hereafter be amended,
<br />modified, extended or restated from time to time.
<br />"Loan Documents" means this Loan Agreement, the Notes, the Corporate Guaranty, the
<br />Personal Guaranty and the Pledge Agreement and any and all renewals, replacements,
<br />supplements, modifications, extensions and /or amendments of any of the foregoing.
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<br />"Loan No. 1" means the extension of credit evidenced by Note No. 1.
<br />"Loan No. 2" means the extension of credit evidenced by Note No. 2.
<br />"Loans" means collectively Loan No. 1 and Loan No. 2.
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