SR 05:219 - Laserfiche WebLink

e) the failure of the Borrower to perform or obserye any other term or provision of this Agreement or f) the occurrence of any other event (whether termed default, event of default or otherwise) which under the terms of this Agreement shall entitle the Agency to exercise rights or remedies hereunder, provided that the Agency shall give written notice to the Borrower of any of the foregoing events and the Borrowers shall have thirty (30) days to cure before any acceleration of the unpaid balance. In the event that the Borrower uses disbursed HELP Loan funds for a purpose which is not authorized or approved under this Agreement, or otherwise by the Agency in writing, the A ency may demand and the Borrower shall immediately repay such funds to the Agency. 9. Right to Inspect. The Borrower shall allow the reasonable access to and the right to inspect all records that pe The Borrower shall also permit the Agency to enter, at reasonab work progress. All records, accounts, documentation and examination, as specified by the Agency, shall be retained of not less than three (3) years from the date of the term' on written request, to have ~ect and this HELP Loan. e Project to inspect the to a fiscal audit or ency for a period 10. Periodic Reports, (a) Within fifteen (15) b siness days after th in Exhibit A, the Borrower shall submit t and detailing compliance with the requirem provided or approved by the Agency. f each reporting period as described describing the Project's progress of the report shall be as n fiscal control and accounting uant to t Agreement are properly disbursed, equate documentation of each transaction shall be 't if requested by the Agency, of the accuracy of th HELP Loan funds. If the allowability of xpenditure may be disallowed by the Agency in Borrower shall immediately repay the Agency for subcontra discriminati ongm or ances e Borrower shall provide, and require that any contractor or the E ~ect shall provide, equal opportunity for employment without tal status, color, religion, sexual orientation, source of income, national 12. Use 0 he Borrower agrees that it shall hold, in trust, any funds received by it pursuant to this Agree d apply them only for the purpose for which such funds were approved by the Agency. Approve use of funds may include the Borrower's reasonable administrative costs in administering the Project and HELP Loan to the extent, but only to the extent, provided for in Exhibit A. 13. Time. Time shall be of the essence in this Agreement. 14. Term of Agreement. The term for this Agreement shall commence upon execution and shall continue until all terms hereof, including but not limited to affordability covenants and requirements, shall have been completed. CalHFA HELP,LN.AGMT.MASTER 71l3/04.(AR) 3