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"Friends of the Creek" means a nonprofit corporation operating under such name, and its successors. "License Agreement" means Exhibit "F" hereto; provided that in the event the Agency does not convey the Adjacent City Property to the City, the Agency will be substituted as a party in place of the City in the License Agreement. "Maximum (Construction) Agency Loan Amount" means an amount equal to the lesser of: (i) the Verified Parking Structure Expenditures, or (ii) One Million One Hundred Thousand Dollars ($1,100,000.00). "Minimum Office Improvements" means those improvements so designated in the Scope of Development. "Minimum Required Leases" means one or more executed leases, (a) each of which shall be: (i) for a term of not less than five (5) years; (ii) for gross building area of not less than one hundred fifty one thousand (151,000) square feet (as the footage under such executed lease[s] is aggregated); and (b) which shall provide for occupancy by such tenant[s] in Building "A" and Building "C," respectively, as designated in the Development Concept Plan. "Opening" means the lawful opening for business of a Conforming Restaurant Facility on the Property. "Outside Date" means November 2, 2000. Notwithstanding the setting forth of times for performance or any provision of this Agreement to contrary effect, and notwithstanding Section 10.04 of this Agreement, the Agency shall have the right, at its option (and without liability in connection therewith) to terminate this Agreement and any and all rights of the Developer in respect to the Property in the event the Developer has not satisfied all of the Conditions Precedent on or before the Outside Date. • "Parties" means the Developer and the Agency. "Project Documents" means the Developer Note, the Developer Deed of Trust, the License Agreement, and any other documents deemed by the Executive Director to be necessary or convenient for the implementation of this Agreement. "Purchase Price" means the sum of the Cash Amount, the Deferred Amount and, if retained by the Agency, the Conforming Restaurant Amount (as aggregated, Two Million Seven Hundred Sixty Three Thousand Four Hundred Twenty One Dollars ($2.763,421)). "Redevelopment Plan" means the Plaza Redevelopment Plan adopted by the City Council of the City of San Leandro, as amended. "Required Parking Structure" means a parking structure more fully described in the Scope of Development, and which shall consist of not less than sixty -five thousand five hundred (65,500) square feet gross building area and shall accommodate not less than two hundred thirty -two (232) vehicles (of which approximately one hundred sixteen (1 16) spaces shall be provided on the second level). "Restaurant Opening Deadline" means February 22, 2002. 5 DOCS0074604 I v4\24258.0002