Agenda - Council - 03/24/2015 - Laserfiche WebLink

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substances defined as "hazardous wastes," "hazardous substances," "pollutants, or contaminants" as defined in the Minnesota Environmental Response Liability Act, Minnesota Statutes §115B.02. The term "Hazardous Materials" also includes asbestos, polychlorinated biphenyls, petroleum, including crude oil or any fraction thereof, petroleum products, heating oil, natural gas, natural gas liquids, liquefied natural gas, or synthetic gas useable for fuel (or mixtures of natural gas or synthetic gas).shall mean any pollutant, contaminant, toxic or hazardous substance, constituent or waste, or any other constituent, waste, material, compound or substance including, without limitation, asbestos, petroleum (including crude oil or any fraction thereof) or any petroleum product, which is subject to regulation or which can give rise to liability under any Environmental Law. "HRA" means The Housing and Redevelopment Authority in and for the City of Ramsey, Minnesota, a public body politic and corporate under the laws of the State of Minnesota "Housing Development Project" means the Housing Development Project as defined in the Development Agreement. "Inspecting Architect" means the architect the HRA engages pursuant to Section 4.9 to provide the certifications required in Section 4.1. "Issuer Acknowledgement" means the Issuer Acknowledgment attached to the Pledge Agreement attached as Exhibit B. "Loan Agreement" means this Loan Agreement as the same may hereafter be amended, modified, extended or restated from time to time. "Loan Documents" means this Loan Agreement, the Notes, the Corporate Guaranty, the Personal Guaranty and the Pledge Agreement, the Issuer Acknowledgement and any and all renewals, replacements, supplements, modifications, extensions and/or amendments of any of the foregoing. "Loan No. 1" means the extension of credit evidenced by Note No. 1. "Loan No. 2" means the extension of credit evidenced by Note No. 2. "Loans" means collectively Loan No. 1 and Loan No. 2. "Minimum Improvements" means the "Minimum Improvements" as defined in the Development Agreement. "Note No. 1" means that certain Promissory Note bearing even date herewith made payable by Borrower to the order of HRA in the original principal amount of up to $1,420,000.00, and all amendments, modifications, replacements, renewals and substitutions therefor. "Note No. 2" means that certain Promissory Note bearing even date herewith made payable by Borrower to the order of HRA in the original principal amount of up to $ , [to be completed with an amount equal to the sum of $6,825,000.00 plus C-2-4 2695614v16