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2oioo7s35 Section 4.2. Disbarsements of Section 1fi02 Pro ram Funds to Owner Nat later than three (3) Business Days of receipt of the Section 1502 Program Punds by the Authority from Treasury, the Authority shall disburse such funds to the Owner. Section 4.3. Construcdan/Draw Schedule; Ch,ange Orders (a) The Owner expects to submit Requisitivns ta the Authority for disbursements af the Subavvard at the times and in the aznaunts set forth in the Canstructian/Draw Schedule attached hereta as Exhybit F. The Owner shall update ih� Construction/Draw Schedule as and when Requisitions far disburseznents af the Subaward are made. (b) The Owner's anticipated construction schedule is set forth on the Construction/Draw Schedule attached hereto as Exhibit F . (c) The �wner shall prnvide the Authority with capies af any change orders subrnitted to the Lender and/ar the Tax Credit Investor and natice if such change order would prevent the Project from meeting the Placed Tn-Service Date ar prsvent the Subar7vard from bein� fully disbursed to the Owner by the Expiratian Date. Section 4.4. Canstructiau Meetin s• Monitorin The Authority shall have the right to attend the construction pragress rneefings and rnanitor the .Project's construction until satisfaction afthe Constructian Cornpletion Date. ARTICLE V COVENANTS AND RESTRICTIONS Section 5.1. LURA The Owner will enter into the LURA with the Authority, recard the LURA in the office of the deed of registry for the county in which the Project is located and comply with the terms thereof throughout the term af the LURA. The LURA will be in effect as af the end af each taxable year in which the buildings in the Project are placed in service. The terms ofthe LUTtA are by this reference incorparated into this Agreeznent with the same force and effect as if written out rvord for ward at this point. Section 5.2. Com liaace with Pro r�tm Re uirements (a) The Owner will camply with all af the Pragram Requirements applicable to the Project throughout the Compliance Period. (b) The Owner will comply with all of the requirexnents af Sectian 42 of the Cade and the LURA tl�roughout the term af the LURA. (c) The Owner will maintain the Required Percentagc throughout the Compliance Period. -10- 4841-2135-3478.2