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A. DEFINITIONS <br /> The following terms as used herein shall be construed and interpreted as follows: <br /> 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:THE ASSETS THE BORROWER OFFERS TO SECURE THE LOAN. <br /> vi. PLEDGED REVENUES:THE PLEDGED REVENUES SHALL CONSIST SOLELY OF BORROWER'S <br /> WATER ACTIVITY ENTERPRISE REVENUES AS DEFINED IN THE LOAN RESOLUTION AND SET <br /> FORTH IN THE SECURITY AGREEMENT. <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 TO REPAY THE LOAN. <br /> ix. TOTAL LOAN AMOUNT:THE BASE LOAN AMOUNT AND LOAN ORIGINATION FEE OF ONE <br /> PERCENT(i%). <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 (i%) 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 z) 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 /> Page 2 of 14 <br />