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must be supported by documentation as referenced in the most recent version of the With Strings Attached Implementation Manual and subsequent policy updates. B Company's Requests for Advance shall be limited to the minimum amounts needed for effective 01-"" ation of programs under this contract, and shall be timed as closely as possible to be in accord with actual cash requirements. Company shall establish procedures to minimize the time elapsing between the transfer of funds from City to Company and shall ensure that such funds are disbursed as soon as administratively possible. C. Notwithstanding the provisions of Section 5.A of this contract, it is expressly understood and agreed by the parties hereto that payments under this contract are contingent upon Company's full and satisfactory performance of its obligations under this contract. D. It is expressly understood and agreed by the parties hereto that any right or remedy provided for in this Section 5 or in any other provision of this contract shall not preclude the exercise of any other right or remedy under this contract or under any provision of law, nor shall any action taken in the exercise of any right or remedy be deemed a waiver of any other right or remedy. Failure to exercise any right or remedy hereunder shall not constitute a waiver of the right to exercise that or any other right or remedy at any time. SECTION 6. UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND PROGRAM INCOME A. Except as specifically modified by law or the provisions of this contract, Company shall comply with the HUD Implementing Regulations, 24 CFR Part 570 (the "Regulations"), and, for matters not addressed therein, with 24 CFR Part 85, "Administrative Requirements for Grants and Cooperative Agreements to i te, Local and Federally Recognized Indian Tribal Governments" (hereinafter referred to as the "Common L' e") as modified by the rules promulgated by the Office of the Governor under the Uniform Grant and _.ltract Management Act (TEX. GOV'T. CODE ANN. Chapter 783; hereinafter referred to as "UGCMS"), in performing this contract. The allowability of costs incurred for performances rendered hereunder shall be determined in accordance with OMB Circular A-87, as supplemented by UGCMS and this contract. B. Company shall comply with the requirements set forth in Section 570.489(e) of the Regulations to account for program income related to activities financed in whole or in part with funds provided under this contract. 1. Company shall maintain records of the receipt, accrual, and disposition of all program income in the same manner as required for all other funds under this contract, and Company shall provide reports of program income to City with each form submitted by Company in accordance with Section 5 of this contract, and at the termination of this contract. Company shall report the amount of program income recaptured to City with updates concerning the status of outstanding loans, leases or repayment agreements, including but not limited to payments received and amendments to the original loan, lease or repayment agreement(s), as required by this contract. 2. Program income earned by the Company must be returned to City within ten days after receipt by Company. 3. Companies receiving program income are required to monitor and report to City program income account balances reflecting amounts received and disbursed and the status of outstanding loans or leases on a quarterly basis at a minimum. 4. Company agrees to forward any program income payment(s) received to City until a minimum of all contract funds, identified in Section 22 for repayment, have been repaid. This provision survives the term of this contract and remains in full force and effect until the repayment obligation is fulfilled. RLF Contract Page 3