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i. BASE LOAN AMOUNT:LOAN AMOUNT THAT DOES NOT INCLUDE THE ONE PERCENT(1%) <br /> LOAN ORIGINATION FEE.THIS IS THE AMOUNT DISBURSED BY CWCB TO THE BORROWER. <br /> ii. BORROWER:AN ELIGIBLE ENTITY,AS SPECIFIED,WHO WILL BE RESPONSIBLE FOR THE <br /> REPAYMENT OF THE LOAN. <br /> iii. LOAN DOCUMENTS:INCLUDE ALL FORMAL LOAN CONTRACT DOCUMENTS INCLUDING BUT <br /> NOT LIMITED TO THE EXECUTED LOAN CONTRACT,ALL EXECUTED APPENDICES,AND ALL <br /> EXECUTED AMENDMENTS. <br /> iv. LOAN ORIGINATION FEE:ONE (1%) OF THE BASE LOAN AMOUNT. <br /> V. LOAN SECURITY:PROPERTY OR OTHER ASSETS THAT THE BORROWER OFFERS TO SECURE <br /> THE LOAN. <br /> vi. PLEDGED REVENUES:THE PLEDGED REVENUES SHALL CONSIST SOLELY OF BORROWER'S <br /> WATER ACTIVITY ENTERPRISE REVENUES AS DEFINED IN THE ORDINANCE APPROVING THE <br /> LOAN CONTRACT AND SET FORTH IN THE PROMISSORY NOTE,APPENDIX 4 AND THE <br /> SECURITY AGREEMENT,APPENDIX 5. <br /> Vii. PROMISSORY NOTE:THE DOCUMENT PROVIDING A WRITTEN AGREEMENT TO PAY THE <br /> TOTAL LOAN AMOUNT TO CWCB. <br /> Viii. SECURITY AGREEMENT:THE DOCUMENT THAT PROVIDES A SECURITY INTEREST IN A <br /> SPECIFIED ASSET PLEDGED AS COLLATERAL. <br /> ix. TOTAL LOAN AMOUNT:BASE LOAN AMOUNT AND LOAN ORIGINATION FEE OF ONE <br /> PERCENT(1%). <br /> B. LOAN PROVISIONS <br /> 1. Loan Origination Fee. The TOTAL LOAN AMOUNT shall include (1) the BASE LOAN <br /> AMOUNT loaned by the CWCB, to the BORROWER, for the PROJECT and (2) a LOAN <br /> ORIGINATION FEE of one percent (1%) of the BASE LOAN AMOUNT. <br /> 2. Amendments and Option Letters. In the event that the BORROWER does not use the <br /> full amount authorized, the parties shall amend this CONTRACT or exercise an OPTION <br /> LETTER (attached as APPENDIX 2) to revise the TOTAL LOAN AMOUNT including an <br /> adjustment of the LOAN ORIGINATION FEE to reflect 1% of the actual amount disbursed <br /> to the BORROWER.An amendment to this CONTRACT shall be executed for the following <br /> changes including, but not limited to, an increase in TOTAL LOAN AMOUNT, change in <br /> PLEDGED REVENUES and decrease in TOTAL LOAN AMOUNT with a change in the annual <br /> loan payment.Additionally, upon substantial completion of the PROJECT,the following <br /> applies: <br /> Page 2 of 1 <br />