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f <br /> <br />solely for the completion of the Common Area Improvements. <br />An interest bearing account shall be established and maintained <br />with United Jersey Bank, 210 Main Street, Hackensack, New <br />Jersey and subject to the withdrawal therefrom only by <br />Seller pursuant to this Agreement. No part of the Fund to <br />6e held pursuant hereto shall be disbursed unless and until <br />the following conditions are complied with by the Buyer: <br />(a) Total cost of the Common area Improvements has <br />been determined and contract or contracts executed therefor <br />between the Buyer and any contractor or contractors and <br />Buyer has provided Seller with an itemized trade breakdown <br />of the costs of each such contract, certified to by Buyer's <br />engineerjarchitect. <br />fb) All costs for such Common Area Improvements in <br />excess of the sum of $250,000.00 or the amount remaining in <br />the Fund have been paid for by the Buyer and proof of <br />payment therefor submitted to the Seller prior to any <br />withdrawal froze the Fund. Buyer's engineer/architect shall <br />certify prier to withdrawal of any conies from the Fund that <br />the monies remaining therein are sufficient to pay the <br />balance of the total cost for the Common Area Improvements. <br />(c) All vouchers for payment submitted by the Buyer <br />for withdrawals from the Fund shall be accompanied by <br />architect's certification in support of Bach vouchers and in <br />such fora as Seller may specify and shall be delivered to <br />the Seller from time to time as the work progresses, speci- <br />fying the work and materials for which cysts were incurred <br />€or payatent a€ which withdrawals Pram the Fund is requested <br />and shall be further ae¢oa-panied by a certification by the <br />Project architect, in such form as Seiler may specify, that <br />-3- <br />