GAAP means U.S. generally accepted accounting principles.
Governmental Entity means any governmental or regulatory authority, agency, court, commission, or other administrative entity.
Hazardous Material means any substance (whether solid, liquid or gas) that is detrimental to human health or safety or to the environment, currently or hereafter listed, defined, designated or classified as hazardous, toxic, radioactive or dangerous, or otherwise regulated, under any Environmental Law, whether by type or by quantity, including any substance containing any such substance as a component. Hazardous Material includes, without limitation, any toxic waste, pollutant, contaminant, hazardous substance, toxic substance, hazardous waste, special waste, industrial substance, oil or petroleum, or any derivative or by-product thereof, radon, radioactive material, asbestos, asbestos-containing material, urea formaldehyde foam insulation, lead and polychlorinated biphenyl.
HOLA means the Home Owners Loan Act of 1934, as amended.
IRC means the Internal Revenue Code of 1986, as amended.
IRS means the Internal Revenue Service.
Knowledge means, with respect to the Company and Purchaser or any Subsidiary of either party, the actual Knowledge of those senior officers set forth in Purchasers Disclosure Letter and, with respect to the Company, the actual Knowledge of those senior officers set forth in the Companys Disclosure Letter.
Lien means any charge, mortgage, pledge, security interest, claim, lien or encumbrance.
Loan means a loan, lease, advance, credit enhancement, guarantee, participation interest in a loan, or other extension of credit.
Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.
Maryland Department means the Maryland State Department of Assessments and Taxation.
Material Adverse Effect means an effect, circumstance, occurrence or change that is material and adverse to the business, financial condition or results of operations of the Company or Purchaser, as the context may dictate, and its Subsidiaries, taken as a whole, or materially prevents, impairs or threatens the ability of either the Company or Purchaser, as the context may dictate, to perform its obligations under this Agreement or consummate the transactions contemplated by this Agreement; provided, however, that any such effect, circumstance,