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GLOSSARY • <br /> The following defined terms are used in this Prospectus. <br /> "Board of Directors"or"Board"means the Board of Directors of MCCF. <br /> "Closing"means the acceptance by MCCF of the Participation Agreements. <br /> "Development Loan" means an affordable housing project or business loan made by MCCF and initially funded <br /> with proceeds from the Loan Fund. <br /> "Escrow Agent"means Wells Fargo Bank Minnesota,National Association,or a successor financial institution. <br /> "Fund Manager"means Northland Institute or a professional manager designated by Northland Institute to negotiate <br /> and structure each loan package originated by Members. <br /> "Initial Closing" means the first Closing upon MCCF receiving and accepting Participation Agreements for a <br /> minimum amount of$2,500,000 and the occurrence of other contingencies as shown in the Prospectus. <br /> "Institute"means Northland Institute,a Minnesota nonprofit corporation. <br /> "Loan Fund" means an escrow account at Wells Fargo Bank Minnesota, N.A., established pursuant to the Loan <br /> Fund Escrow Agreement for purposes of holding, investing, and disbursing Member Funds in accordance with the <br /> Loan Fund Escrow Agreement. <br /> "Loan Fund Escrow Agreement" means the agreement between MCCF, Wells Fargo Bank, N.A., and Members <br /> establishing a Loan Fund into which Member Funds are deposited pursuant to this Prospectus, a copy of which is . <br /> included as Exhibit D. <br /> "Loan Fund Escrow Agreement Signature Page"means the signature page of the Loan Fund Escrow Agreement. <br /> "Loan Purchaser"means a secondary market purchaser of Development Loans made by MCCF. <br /> "MCCF'means Minnesota Community Capital Fund,a Minnesota non-profit corporation.' <br /> "Member"means entities that are admitted as members of MCCF. <br /> "Member Funds"means funds deposited by Members in the Loan Fund. <br /> "Offerees" means the entities to which MCCF is extending the offer of Participation made pursuant to this <br /> Prospectus. <br /> "Participation" means the offering of the Participation Agreement pursuant to which Offerees receive membership <br /> in MCCF and the right to participate in the Loan Fund pursuant to this Prospectus. <br /> "Participation Agreement". means the agreement between MCCF and Members that establishes the rights and <br /> obligations of MCCF and Members with respect to membership in MCCF and participation in the Loan Fund, a <br /> copy of which agreement is included as Exhibit E in this Prospectus. <br /> "Participation Agreement Signature Page"means the signature page of the Participation Agreement. <br /> "Projections and Assumptions" means the forward-looking statements which are contained in Exhibit A of this <br /> Prospectus and which are discussed in"Business Plan-Projections and Assumptions". <br /> • <br /> "RLF" means a revolving loan fund maintained by a government unit or economic development organization. • <br /> nl <br />