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Page 3 of , � <br /> PART II <br /> DEFINITIONS <br /> The following capitalized terms not defined elsewhere in this Agreement shall <br /> be defined as follows: <br /> 1. Capitalization Funds shall mean and include Matching Funds and cash <br /> derived from lines of credit which are under the direct control of the <br /> Grantee and are used for direct Loans and Investments in the Grantee' s <br /> targeted geographic area during the period of the Agreement. Such funds <br /> must be provided by a financial institution, for profit business, <br /> not-for-profit entity, or individual investor, but may not be provided as <br /> a cash gift or grant from any governmental organization. Capitalization <br /> Funds must not have originated as a grant, loan or other investment of <br /> state or federal funding from the Department. The Grantee shall provide <br /> Capitalization Funds equal to three times the amount of the Grant Award <br /> from the Department. At least one third of the Capitalization shall be <br /> Matching Funds as defined in Part II , Section 5. <br /> 2. Grant Award or Grant shall mean and include the amount of grant funds <br /> awarded by the Department to the Grantee. <br /> 3. Grant Principal shall mean and include the Grant Award and any interest <br /> earned on the Grant Award held by the Grantee prior to the obligation of <br /> such funds to a third party beneficiary as Loans and Investments and the <br /> liquidation of such obligation under this Agreement. <br /> 4. Loans and Investments shall mean and include any purchase or acceptance <br /> of notes, debentures, mortgages, stock, royalties, or other securities or <br /> other means whereby financial aid is made available in part or in whole <br /> with Grant Award monies. <br /> 5. Matching Funds shall mean and . include cash derived from stock <br /> subscription agreements, equity investments, and/or direct contributions <br /> of monies which are under the direct control of the Grantee and are used <br /> for direct Loans and Investments in the Grantee' s targeted geographic <br /> area during the period of the Agreement. Such funds must be provided by <br /> a financial institution, for profit business, not-for-profit entity, or <br /> individual investor, but may not be provided as a cash gift or grant from <br /> any governmental organization. Matching Funds must not have originated <br /> as a grant, loan or other investment of state or federal funding from the <br /> Department. The Grantee shall provide Matching Funds equal to the amount <br /> of the Grant Award from the Department. <br /> 6. Program Derived Income shall mean and include any income, including <br /> principal repayments, interest earned, return of capital , dividends or <br /> credits derived from the use or reuse of the Grant Principal , but shall <br /> . not include interest earned on the Grant Award held by the Grantee prior <br /> to the obligation of such funds to a third party beneficiary as Loans and <br /> Investments, nor shall such income include Project origination fees. <br /> - 3 - <br />