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�n�oo�s3; the Project for occupa�ats wha meet the income require�nents under �ode Section 42(g) and to maintain the Pxoject as "rent-restricted" under Code Section 42(g) for a certain period af trme set forth in the LURA, subject to certain exceptions set forth therern. "Minimum Set-Aside Test" means the set-aside test described in Section 42(g)(1) of the Code selected by the Owner vvhereby at least a0% of the units in the Prnject rnust be occupied by individuals with incomes less than or equal to 60% of area mediari income, as adjust�d far family size, detezmin�d in accordance wiCh S�ction 42(g)(1) af the Code. " Mortgage Loan(s) means the laans listed an Exhibit B , "Owner" means Westridge CROWN, LLC and its successors and assigns. "Person" means any individual or Entity, and the heirs, executors, adrninistrators, le�;al representatives, successors and assigns of such Person where the cvntext so admits; and, unless the context otherwise requires, the singular shall include the plural, and the rnasculine gender shall include the feminine and the neuter and vice versa. "Placed In-Service Date" means the date by which at least one unit in each building in the Project must be ready and available for occupancy in accordance with state and local laws, which date shall be July 31, 2011. "Plans and S ecificat�ons" means the plans a�id specifications t'or the construction c�f the Project, including, without limitation, sp�cifrcations for materials, and all amendments and modifications thereof. "Pro ram Re uirernents" rneans any and all requirertients for receivin� and maintaining a Subaward of Section l G02 Program Funds as set forth in Sectiozt 1602 of the Recovery Act, the Guidelines, and any other rules, regulations, guidelines or notices published by the IRS or Txeasury fronn time to time with respect to the Section 1602 Prograzn that are applicable to the Project. "Pr„ oiect" means the 12 single family residential rental housing developrnent in 12 buildings, including any related facilities and stntctures to be constructed on the Land, and all other real and personal property that is used in connection with the devcloprnent and operation of the Land located in Grand Island, Nebraska. " AP" means the Autharity's 2010 LIHTC Qualified Allocation Plan, including any amendments thereto. "Recapture Event" shall mean any event set forth in Section 6.1 of this Agxeement. Reca ture Deed of TrusY' rneans the deed of trust �ranted by the Owner to the Authority ta secure the obligation of the Owner to repay all or a portion of the Subaward in accordance with the terms of this Ag�reement. "Recoverv Aet" means the American Recovery and Reinvestrnent Act of 2009. -5- 484G-G923-1367.3