2000 S EDC - Approval of Resolution Concerning Revised Documents Governing Orange County Small Business Loan Program

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EXHIBIT C —DEFINITIONS For all purposes of this Agreement, the following terms shall have the following meanings, unless the context clearly requires otherwise: "Advance" means a payment by a Bank of proceeds loaned to the Company pursuant to this Agreement relating to a specific Program Loan. "Borrowing" means an aggregate of Advances by the Banks to the Company related to a single Program Loan. "Business Day" has the meaning assigned in the Support Agreement. "Collateral" has the meaning assigned in the Security Agreement. "Commitment Period" means the period beginning on the date of this Agreement and ending on the earliest of(a) June 30, 2002, (b) the date on which the Banks have advanced the full aggregate amount of their Loan Commitments, or (c) the date on which the Banks terminate their obligations to make Advances upon the occurrence of an Event of Default. "Company Loan Loss Account" has the meaning assigned in the Support Agreement. "Default Condition" means the occurrence or existence of an event or condition that, upon the giving of notice or the passage of time, or both, would constitute an Event of Default. "Event of Default" has the meaning assigned in Section 6.1. "Loan" means the aggregate of all Advances made by the Banks to the Company pursuant to this Agreement. "Loan Commitment," for any Bank, means that Bank's maximum aggregate obligation to make Advances to the Company during the Commitment Period. Schedule I sets forth the initial Loan Commitment for each Bank. "Loan Loss" means the sum of (a) any deficiency from scheduled principal repayments p1m (b) any collection costs, including reasonable attorneys' fees, actually incurred by the Company, in each case in connection with any Program Loan the principal of which the Company has declared to be due and payable in full after a default pursuant to the terms of that Program Loan. 21