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7 <br /> <br />1.21. “Developer” means Cal Coast Companies LLC, Inc., a Delaware corporation <br />doing business in California as Cal Coast Developer, Inc., a Delaware corporation with offices <br />located at 12301 Wilshire Blvd. Suite 620, Los Angeles, California 90025. “Developer,” as used <br />in this Development Agreement, includes any permitted assignee or successor-in-interest as <br />herein provided. <br />1.22. “Developer Acquired Property” shall mean those portions of the Property that <br />Developer actually acquires in fee or by ground lease from City. Developer Acquired Property <br />shall not include those portions of the Property that Developer has entered into an agreement to <br />acquire from City, prior to the close of escrow or commencement of the ground lease from City <br />for such portion of the Property. <br />1.23. “Development Agreement Legislation” shall have that meaning set forth in <br />Recital B of this Agreement. <br />1.24. “Developer Hotel Element” shall have that meaning set forth in Recital E of this <br />Agreement. <br />1.25. “Developer Project Elements” means the elements of the Project to be <br />developed by Developer as set forth in Recital E of this Agreement. <br />1.26. “Developer Restaurant Element” shall have that meaning set forth in Recital E <br />of this Agreement. <br />1.27. “Developer Western Elements” means the Developer Project Elements to be <br />located to the west of Monarch Bay Drive, including the Developer Hotel Element, Multifamily <br />Element, Developer Restaurant Element, Market Element, and Park Promenades. <br />1.28. “DFSI” means the Development Fees for Street Improvements as described in <br />Section 3.19(l) of this Agreement. <br />1.29. “District” shall have that meaning set forth in Recital E of this Agreement. <br />1.30. “Effective Date” shall have that meaning set forth in Recital L of this Agreement. <br />1.31. “Event of Default” shall have that meaning set forth in Section 7.11 of this <br />Agreement. <br />1.32. “Extension” shall have that meaning set forth in Section 2.2 of this Agreement. <br />1.33. “FEIR” means the Final Environmental Impact Report for the Property as <br />described in Recital G. <br />1.34. “FEIR Addendum” means the Addendum to Final Environmental Impact Report <br />for the Property as described in Recital G. <br />1.35. “Final Completion” means the project is fully closed out and no actions remain. <br />All deficiencies are addressed, the warranty period is complete, and all contracts are closed. The