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gs �oss5 � "Loan Amount" means the Bond proceeds loaned to the Borrower as evidenced by the Mortgage Note executed by the Borrower in the initial principal amount of$507,004. "Low Income Tenants"means persons or families with Adjusted Income which does not exceed limits determined in a manner consistent with determinations of lower-income families under Section 8 of the Housing Act,except that the percentage of inedian gross income that qualifies as lower income shall be the Applicable Income Percentage of Median Income for the County with adjustments for family size. If all the occupants of a Dwelling Unit are students (as defined under Section 151(c)of the Code),no one of whom is entitled to file a joint return under Section 6013 of the Code,such occupants shall not qualify as Low Income Tenants. The determination of a tenant's status as a Low Income Tenant shall be made by the Borrower upon initial occupancy of a Dwelling Unit in the Project by such Tenant and annually thereafter and at any time the Borrower has knowledge that the number of occupants in that Dwelling Unit has increased, on the basis of an Income Certification executed by the tenant. "Low Income Units" means the Dwelling Units in the Project required to be rented to, or held available for occupancy by, Low Income Tenants pursuant to Section 4(b)hereof. "Median Income for the County" means the median income for the County as determined by the Secretary of Housing and Urban Development under Section 8 of the United States Housing Act of 1937, as amended, or if programs under Section 8 are terminated, median income for the County determined under the method used by the Secretary prior to such termination. "Moderate Income Tenants"means persons or families with Adjusted Income which does not exceed 150%of the Median Income for the County,as may be adjusted from time to time. "Moderate Income Units" means the Dwelling Units in the Project required to be rented to Moderate Income Tenants pursuant to Section 4(e)hereof. "Mortgage Loan" means the loan made by the Issuer to the Borrower with the proceeds of the Bonds for the purpose of financing the acquisition and construction of the Project evidenced by the Mortgage Note,pursuant to the terms of the corresponding Financing Agreement. "Mortgage Note" means the mortgage note executed by the Borrower in the initial principal amount of$507,004 financed with proceeds of the Issuer's$507,004 Multifamily Housing Revenue Bonds (Southlawn Apartments Project) 1999 Series A. "Occupancy Date" means the first day on which the Project is placed in service as provided in Section 42 of the Code. "Project" means the Project Facilities and the Project Site. "Project Costs"means any and all costs incurred by the Borrower with respect to the acquisition and construction of the Proj ect,whether paid or incurred prior to or after the date of this Regulatory Agreement, including, without limitation: 5