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from the BoRROwER, and review and acceptance of the items therein as eligible <br />expenses as described below, the CWCB will pay to the BoRROwER the amount set <br />forth in the report or such portion that has been approved by the CWCB. Such <br />payment shall be made within thirty (30) days from the CWCB's approval of each <br />progress report. <br />For loan payoffs: For loan disbursements to payoff existing debt described in <br />Section 9.K, the BoRROwER shall provide the CWCB with a request that includes the <br />amount needed to pay in full each existing loan, the loan number and the name and <br />address, of the creditor, and the phone number and name of creditor contact. After <br />review and acceptance of the request, the CWCB will pay to the Borrower the <br />amount set forth in the request. Payment of said request shall be made within thirty <br />(30 days from the CWCB's approval of said request. <br />SECTION 11 — TIME FOR PERFORMANCE <br />PRO�ECT Beginning: Upon Effective Date of this Contract (the date this contract is <br />signed by the State Controller or his designee). <br />PRO�ECT Finish: Four (4) years from the Effective Date of this Contract. <br />Appendix 1 to Loan Contract C150303 <br />Page 4 of 4 <br />