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<br />" <br /> <br />. . <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />- <br /> <br />. <br /> <br />. ' <br /> <br />-.- <br /> <br />2.7. <br /> <br />c. <br /> <br />. <br /> <br />. <br /> <br />D. <br /> <br />As required by BUD, PBA funds in e:acess of current <br />needs sball be pr08ptly r-itted to BUD. or. sball be <br />In.ested in accordanc,e "ith BUD requir_ents. <br />Interest on tbe in.es~ent of progr.. aeceipts aball <br />constitute progr.. Receipta. <br /> <br />The Depositary Agree.ent aball pr09i4a tbat the <br />prodsions of the Depositary Agre_ent ..y not be <br />ter.inale4 or cbanged witbout "dtten con.ent by BUD, . <br />and that if required under a wrltten notice fr.. BUD <br />to the Depositary, (1) the Depositary aball notpe~it <br />any wi thdn"al by the PBA of fund. beld UDder the <br />Depositary Agr....nt unleas withdra"al. by tbe PBA are <br />expressly autboria.d by written notice fr.. BOD to tbe <br />Depositary, and (2) tbe Depoaitary .ball perait <br />"ithdra"als of sucb funds by BUD. <br /> <br />B. <br /> <br />If, appro.ed by BUD, tbe PBA ..y deposit under <br />Depositary Agreeaent IIOnia. received or beld by <br />PBA in connection wi tb any contract bet..en tbe <br />and BUD. <br /> <br />.tbe. <br />tbe . <br />PBA <br /> <br />DB FAULT BY PBA. <br /> <br />A. <br /> <br />upon "ritten notice to tbe PBA, BUD a.y taka <br />pos.e.sion of all or any PBA property, Eigbts or <br />intereata in connection with tbe progr.., including <br />funds beld under tbe Depositary Agre....t, progr- <br />Receipts, and rights or interests under. oontract for <br />bousing ,aasistance payaent. witb an owner, if BUD <br />deterainea tbata <br /> <br />1. <br /> <br />witb <br /> <br />any <br /> <br />2. <br /> <br />Tbe PUA b.s faUad to coaply <br />obligations under tbis ACC, or <br /> <br />'l'be PBA baa faUed to coaply wi tb obligations <br />under a contract for bousing es.i.tance payaent. <br />witb an owner, or b.. faUedto take appropriate <br />action, to BUD' a aatiafactioD or .. dhected by <br />DUD, for enforce.ent of tbe PBA's rigbt. under a <br />contract for bouaing eaaiatance pey88Dta <br />(including requiring actions by the o.f...t to <br />cure a default, terainatioD or reduction of <br />bouaing aasistancepayaents, teralnation of tbe <br />contract for boU8ing a..istance pa.yaent., at <br />teco.ery of oftrpayaenta), or <br /> <br />, . <br /> <br />, <br /> <br />page 5 of 9 pages <br /> <br />BUD 52520 E (June 1985) <br />, <br />