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City of Santa Ana 25-CalHome-18740 Page 3 of 3 EXHIBIT B 3) Advances of up to 25 percent of the award for OOR Rehabilitation up to the Contractor's anticipated volume of closed Loans for the following 60- day period; and 4) Advances of up to 25 percent of the award to escrow for MA Loan's. C. All Contractors shall reconcile any and all advances within 90 days. Documentation showing at least two-thirds of the funds previously released for the Work were expended shall be submitted to the Department before another advance request is processed. D. Contractors shall also consistently complete quarterly and annual performance reports and up to date submissions as required before another advance request is processed. E. The Department shall not authorize payments unless it determines, in its sole discretion, that the Program funds shall be expended and disbursed in compliance with the terms and conditions of the Program Requirements, and, if applicable, a Development Agreement. F. The Department reserves the right.to request copies of any documentation at any time prior-to, or after the processing of any draw request. G. All fund requests whether advance or reimbursement must be requested on a form provided by the Department and accompanied by the required supporting documentation. 4. Performance Deadlines In addition to any other deadlines contained herein, Contractor shall fully and timely observe and satisfy all deadlines and time requirements set forth in Exhibit E, Section 2, Time of the Agreement and Deadlines, of this Agreement. Time is of the essence in this agreement and Contractor agrees to use all due diligence to have all the Work specified in this Agreement entirely completed on or before the dates set forth in this Agreement. HOSN-CalHome 2024 NOFA Date: 12/12/24, Amended 1/14/2025, Amended 1/17/2025 Approval Date: 06/05/2025 Prep. Date: 12/10/2025