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<br />previous defaults by the Contractor, through judicial proceedings <br />to require specific performance of this contract or by such other <br />proceedings in law Or equity as may be deemed necessary by the <br />State to insure compliance with provisions of I-hi s contract and <br />the laws and regulations under which thi::; contl.':.H..:L is made. <br /> <br />B. The State agrees that it will: <br /> <br />'1. Make available to the Contractor for the purpose of this <br />contract the sum of Five Hundred Eighty-One Thousand Five Hundred <br />Thirty Dollars ($58~,530). Said Five Hundred Eighty-One Thousand <br />Five Hundred Thirty Dollars ($581,530) shall be made available to <br />the Contractor in accordance with the following terms, schedule <br />and conditions: <br /> <br />a. Beginning with the monthly period commencing July 1, 1976, <br />and for every month thereafter until said project has been <br />completed, the Contractor shall prepare an estimate of the <br />funds required from the State for project construction during <br />that month and shall forward said estimate to the State not <br />less than fifteen (15) days prior to the beginning of such <br />month. <br /> <br />b. Upon receipt and approval by the Stat~ 'of such monthly <br />estimate, the State will, within thirty (30) days from the <br />receipt of such estimate, pay over to the Contractor the <br />amount of the monthly es~imate or such po~tion thereof as has <br />been approved by the State. <br /> <br />2. Assist the Contractor with such technical assistance as the <br />State deems appropriate in planning, constructing, and operating <br />the project and in coordinating the project with local official <br />comprehensive plans for sewer and water and with any state or <br />area plans for the area in which the project is located. <br /> <br />3. In its sole discretion, the State may at any time give any <br />consent, deferment, subordination, release, satisfaction, or <br />termination of any or all of the Contractor's obligations under <br />this agreement, with or without valuable consideration, upon such <br />terms and conditions as the State may determine to be (a) advisable <br />to further the purposes of this contract or to protect the State's <br />financial interest therein, and (b) consistent with both the <br />statutory purposes of this contract and the limitations of the <br />statutory authority under which it is made. <br /> <br />4. Upon completion of the 'payment of the full purchase price to <br />the State in the sUm of Nine Hundred Eighteen Thousand Three <br />Hundred Sixty Dollars ($918,360) as set forth in paragraph A. 9. <br />of this contract, ~o convey to the Contractor all of the State's <br />right, title and interest in and to the project by deed or other <br />proper conveyance. <br /> <br />Page ,3 of 5 pages <br />