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2o�oo�s�; Section 4.2. Disbursements �f Sectian 1602 Pra ram Funds ta Owner Not later than three (3) Business Days af receipt of the Sectian 16p2 Program Funds by the Authority from Treasury, the Authority shali disburse such funds to the Owner, Section 4.3. Construction/Draw Schedule• Chan e Orders (a) The Owner expects to subrnit Requisitions ta the Autharity for disbursements of the Subaward at th� times and in the amounts set forth in the Canstruction/Draw Schedule attached hereto as Exhibit F. The Own�r shall update the Constructian/Draw Schedule as and when Requisitions for disbursements of the Subaward are made. (b) The Owner's anticipated construction schedule is s�t farth on the Construction/Draw Schedule attached hereto as Exhibit F . (c) The Owner shall provide the Authority with copies af any change orders subrnitted to the Lender and/or the Tax Credit Ynvestor and notice if such change order would prevenC the �'roject fram rneeting the Placed In-Service Date ar prevent the Subaward from being fully disbursed ta the Owner by the Expiration Date. Section 4.4. Construction Meetin s• Monitorin The Owner hereby authorizes the Authority and Che Authority's officers, emplayees, agents, advisars, attomeys, accountants, architects, and engineers ta enter upon the Land, ta inspect the Project (including the irnpravements being canstructed thereon and all rnaterials to be used in the construction thereo�, and to examine the Plans and Specifications and all boolcs and records of the Owner relating ta the construction of the Praject. Th� Owner will caaperate and shali cause its contractors and subcantractors to coaperate with the Autharity ta enable the Autharity to perform its functions hereunder. It is expressly understood and agreed that the Authority shall have no duty to supervise or to inspect the constructian of the Project and that any such inspection or review shall be for the sole purpase of determining whether or not the obligatians of the Owner under this Agreernent are bein� properly discharged and of preserving the Authority's rights hereunder, Neither the Owner nor any third party shall be entitled to rely upon any inspection or review undertaken by the Authority. ARTICLE V CQVENANTS AND RESTRICTIONS Section 5.1. LURA The Qwner wili enter inta thc LURA with the Authority, recard the LURA in the office of the deed of registry for the county in which th� Project is lacated and camply with the terms thereof throughout the terrn of the LURA. The LURA will be in effect as of the end of each taxable year in vvhich the buildings in the Project are placed in service. The terms af the LURA are by this reference incorporated inCo this Agreement with the same force and effect as if wriCten out word for word at this point. -10- 4$46-6923-1367.3