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MINNESOTA COMMUNITY CAPITAL FUND <br /> <br /> Loan Fund Escrow Agreement <br /> <br /> Agreement by and between Minnesota Community Capital Fund, a Minnesota non-profit <br />corporation ("MCCF"), Wells Fargo Bank Minnesota. N.A. ("Escrow Agent"), and those entities <br />which execute this Agreement and deposit funds with Escrow Agent pursuant to this Agreement <br />("Member(s)"). <br /> <br /> 1. Purpose of Loan Fund Escrow. MCCF and Member have entered into a <br />Participation Agreement for the purposes therein set forth including development ora flexible, Self <br />sustaining development loan fund and providing initial funding of loans made from such loan fund <br />with funds advanced from an escrow account funded by Members. The purpose of this Agreement <br />is to establish the escrow account which will receive, hold, and disburse Member funds. <br /> <br />2. Definitions. <br /> <br />(a) <br />(b) <br /> <br />(c) <br /> <br />(d) <br />(e) <br /> <br />(f) <br /> <br />(h) <br /> <br />"Agreement" means this Loan Fund Escrow Agreement. <br />"Authorized Representative" means a person(s) designated by resolution of <br />the Board of Directors of MCCF as the person(s) authorized to give <br />directions to Escrow Agent on behalf of MCCF. <br />"Development Loan" means a business or community development loan <br />made by MCCF. <br />"Escrow Agent" means Wells Fargo Bank Minnesota, N.A. <br />"Loan Fund" means the escrow account established pursuant to this <br />Agreement. <br />"Loan Fund Signature Page" means the signature page of this Agreement in <br />the form contained in Schedule 1 of this Agreement. <br />"Loan Purchaser" means a secondary market purchaser of Development <br />Loans made by MCCF. <br />"MCCF" means Minnesota Community Capital Fund, a Minnesota nonprofit <br />corporation. <br />"Member Funds" means the funds deposited by Members in the Loan Fund <br />created by this Agreement. <br /> "Member(s)" means those entities which are members of MCCF and which <br /> have deposited funds with Escrow Agent in the Loan Fund pursuant to this <br /> Agreement. <br /> <br />_3. Deposit of Member Funds and Establishment of Escrow Account. <br /> <br />(a) <br /> <br />MCCF shall deliver to Escrow Agent from time to time a <br />Loan Fund Signature Page which has been executed by <br />MCCF and a Member together with Member's certified <br />check, bank money order or other good funds payable to <br />Escrow Agent in an amount equal to the amount set forth on <br /> <br /> <br />