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�0�106264 (b) in the event the Manager resigns or is otherwise replaced, (i) hire a manager satisfactory to the Authority, (ii} use a management agreement substantially in the form of the Property Management Agreement only and acceptable to the Authority, (iii) while a replacement manager is being hired, deposit the Home Ownership Assistance Fee (as defined in the Property Management Agreement) into the Home Ownership Assistance Fund (as defined in the Properiy Management Agreement), (iv) while a replacement manager is being hixed, provide or pay for the provisioa of the Supportive Services and (v) use reasonable efforts to ensure the assignment of the Manager's rights to disburse funds from the Home Ownerslup Assistance Fund to the new manager. (c) ensure the deposit of the Home Ownership Assistance Fee into the Home Ownership Assistance Fund and the disbursement of moneys from the Home Ownership Assistance Fund in accordance with the Property Management Agreement. (d) ensure the provision of the Supportive Services at all times, including, in the event the Manager resigns or is otherwise replaced, during the time a replacement manager is being hired and upon the hiring of such replacement manager. It is expressly agreed. by the Owner that, in addition to any other remedy provided hereunder, (a) the Authority shall have a right to specific enforcement of the provision of the Supportive Services by the Owner or its property mana.ger with respect to the Project and that, in the event such services are not provided to prospective and Qualified Tenants at any tirne, after notice and a period to cure, the Authority may commence an action for specific performance or arrange substitute services at the sole cost of the Owner and (b) in the event the Home Ownership Fund is misapplied, the Authority shall have the right to direct disbursements from the Home Ownership Assistance Fund and the Owner hereby agrees to comply with the Authority's direction. The Owner further agrees that the Authority shall have the continuing right to monitor the Owner's compliance with the covenants contained in this Section 6 through review of all reports submitted to the Authority pursuant to the Property Management Agreement, through inspections of the books and records maintained by the Owner with respect to the Project, such inspections to be conducted during normal course of business. Section 7. Sale of Qualified Units Upan Ezpiration of Qualified Project Period. For a one-year period after the end of the Compliance Period, the Grantee, if the Managing Member or an affiliate thereof has continuously served as the managing member to Owner, shall have the right of first refusal to purchase the Project for a price equal to the greater of (a) $100, (b) consistent with Section 42(i)(7) of the Code, the sum of (i) all federal, state and local taxes payable by the Investor Member attributable to such sale, (ii) the principal amount of outstantiing indebtedness secured by the Qualified Unit (other than indebtedness incurred within the five year period ending on the date of the sale to the Qualified Tenant} and (iii) provisions as provided in Operating Agreement. It is expressly agreed, however, that (a) the Owner, in the event the Grantee does not exercise its right of first refusal described above, for a period not to exceed three months from the date Grantee gives notice to Owner that it will not exercise such right of first refusal, or 4840-(�52-9929.1 11