CURRENCY, OFFICE OF THRIFT SUPERVISION, FARM CREDIT
ADMINISTRATION AND SMALL BUSINESS ADMINISTRATION OR SIMILARLY
CHARTERED FEDERAL INSTRUMENTALITY. THE TERM INCLUDES:
(1) THE INITIAL LENDER AND A SUBSEQUENT HOLDER OF A
SECURITY INTEREST OR NOTE, GUARANTOR, LEASE FINANCIER OR A
SUCCESSOR OR A RECEIVER OR OTHER PERSON WHO ACTS ON BEHALF OR
FOR THE BENEFIT OF A HOLDER OF A SECURITY INTEREST.
(2) AN ECONOMIC DEVELOPMENT AGENCY.
"OCCUPANT." A PARTY WHICH OCCUPIES OR HAS THE RIGHT TO
OCCUPY PROPERTY OWNED BY AN ECONOMIC DEVELOPMENT AGENCY BY AN
INSTRUMENT, INCLUDING A LEASE, MORTGAGE, INSTALLMENT SALE
CONTRACT, DISPOSITION AGREEMENT OR TRUST AGREEMENT.
"PERSON." AN INDIVIDUAL, PARTNERSHIP, CORPORATION, BUSINESS
TRUST, JOINT-STOCK FUND, ESTATE TRUST, BANKING ASSOCIATION,
GOVERNMENTAL, ADMINISTRATIVE OR REGULATORY AGENCY, INSTITUTION
OR ANY OTHER TYPE OF LEGAL ENTITY.
"PROPERTY." EACH TYPE OF REAL, PERSONAL, TANGIBLE AND
INTANGIBLE PROPERTY.
"REDEVELOPMENT." UNDERTAKINGS AND ACTIVITIES MADE UNDER THE
ACT OF MAY 24, 1945 (P.L.991, NO.385), KNOWN AS THE URBAN
REDEVELOPMENT LAW, INCLUDING PLANNING, ACQUISITION, SITE
PREPARATION, DEMOLITION, REHABILITATION, RENOVATION,
CONSERVATION, REUSE, RENEWAL, IMPROVEMENT, CLEARANCE, SALE AND
LEASE OF REAL PROPERTY AND IMPROVEMENTS THEREON.
"REGULATED SUBSTANCE." AN ELEMENT, COMPOUND OR MATERIAL
WHICH IS SUBJECT TO REGULATION UNDER THE ENVIRONMENTAL ACTS OR
AN ELEMENT, COMPOUND OR MATERIAL DEFINED AS A HAZARDOUS, TOXIC,
REGULATED INFECTIOUS CHEMOTHERAPEUTIC SUBSTANCE OR CHEMICAL
CONTAMINANT, WASTE, A TYPE OF POLLUTION OR CONDITION OR AN
EQUIVALENT UNDER THE ENVIRONMENTAL ACTS.
20190HB1737PN4625 - 13 -
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