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• MINNESOTA COMMUNITY CAPITAL FUND <br /> Loan Fund Escrow Agreement <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 /> 1. Purpose of Loan Fund Escrow. MCCF and Member have entered into a <br /> Participation Agreement for the purposes therein set forth including development of a 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 /> 2. Definitions. <br /> (a) "Agreement"means this Loan Fund Escrow Agreement. <br /> (b) "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 /> • (c) "Development Loan" means a business or community development loan <br /> made by MCCF. <br /> (d) "Escrow Agent"means Wells Fargo Bank Minnesota,N.A. <br /> (e) "Loan Fund" means the escrow account established pursuant to this <br /> Agreement. <br /> (f) "Loan Fund Signature Page"means the signature page of this Agreement in <br /> the form contained in Schedule 1 of this Agreement. <br /> (g) "Loan Purchaser" means a secondary market purchaser of Development <br /> Loans made by MCCF. <br /> (h) "MCCF"means Minnesota Community Capital Fund,a Minnesota nonprofit <br /> corporation. <br /> (i) "Member Funds"means the funds deposited by Members in the Loan Fund <br /> created by this Agreement. <br /> (j) "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 /> 3. Deposit of Member Funds and Establishment of Escrow Account. <br /> (a) 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 />