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�aioo7s3� Section 9.2. Asset Man„a�ement Duties The Asset Manager will provide the following services to the Project: (a) Review the use of the proceeds of the Subaward ta are being spent anly in accardance with the requirernents particular and cvithout limitation, Article IV hereof, an Requirements; ensure such proceeds of this Agreement, in d with the Program (b) Review and report to the Authority no less than quarterly on the progress of eanstruction of the Project, its compliance with the Construction/Draw Schedule, the Plans and Specificatians, and the Budget, and any changes to anticipated sources and uses, or other matters which, in the judgnent of the AsseC Manager, may adversely affect the ability af the Ovvncr ta complete the constructian af the Project by the Canstruction Completion Date; (c) Review all financial status reports required to be delivered pursuant to Section 8.1 of this Agreement; (d) Revievv all compliance monitoring reports required to be delivered pursuant to Section $,2 of this Agreement; and ��) Sectlon 9.3 Other duties as requir�d by the Treasury, Asset Mana�ement Fee In consideration of the services and obligations of the Asset Manager hereunder, the Owner hereby agxees to pay to the Authority a fee in the amount of $9,352, representing the estimated actual costs of the Authority in connection with the following: (a) the costs of the Authority in establisl�ing and documenting the asset management regirne for the Subaward; (b) the costs of supervising the construction pracess and appraving disbursements of SecCion 1602 Pragram Funds; (c) the costs of monitaring the operations, finances and campliance of the Owner throughout the Compliance Period; and (d) other actual costs of the Autharit� related to asset management under the Recavery Act pursuant to this Agreement. ARTTCLE X DEFAULT• TERMINATION Section 10.1. Default (a) Any of the following events shall constitute an Event of Default under this Agreement: (i) A breach by the (]wner af any of its representatinns, warranties or covenants contained in this Agreement or in the perfarmance of any of its abligations under this Agreement, in either event that (A) has or might reasonably be expected to have a material adverse impact on the operatian of the Project, and (B) is not cured within ten (10) Business Days (in the case of a monetary default) - L� - asai.ai3s-3a�s.z