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B. Contractor's requests for advance shall be limited to the minimum amounts needed for effective <br />operation of programs under this contract, and shall be timed as closely as possible to be in accord <br />with actual cash requirements. Contractor shall establish procedures to minimize the time elapsing <br />between the transfer of funds from Department to Contractor and shall ensure that such funds are <br />disbursed as soon as administratively possible. <br />C. Notwithstanding the provisions of Section 5 (A) of this contract, it is expressly understood and <br />agreed by the parties hereto that payments under this contract are contingent upon Contractor's full <br />and satisfactory performance of its obligations under this contract. <br />D. It is expressly understood and agreed by the parties hereto that any right or remedy provided for <br />in this Section 5 or in any other provision of this contract shall not preclude the exercise of any other <br />right or remedy under this contract or under any provision of law, nor shall any action taken in the <br />exercise of any right or remedy be deemed a waiver of any other rights or remedies. Failure to <br />exercise any right or remedy hereunder shall not constitute a waiver of the right to exercise that or <br />any other right or remedy at any time. <br />SECTION 6. UNIFORM ADMINISTRATIVE REQUIREMENTS, COST <br />PRINCIPLES, AND PROGRAM INCOME <br />A. Except as specifically modified by law or the provisions of this contract, Contractor shall comply <br />with the Regulations and, for matters not addressed therein, with Office of Management and Budget <br />(OMB) CircularA -102, as revised January 1981, in performing this contract. The allowability of costs <br />incurred for performances rendered hereunder shall be determined in accordance with OMB Circular <br />A -87, as supplemented by the rules promulgated by the Office of the Governor under the Uniform <br />Grant and Contract Management Act of 1981 (TEX. GOVT. CODE ANN. Chapter 783), and this <br />contract. <br />B. Contractor shall comply with the requirements set forth in Section 570.489(e) of the Regulations to <br />account for program income related to activities financed in whole or in part with funds provided under <br />this contract. <br />1. Contractor shall maintain records of the receipt, accrual, and disposition of all program income <br />in the same manner as required for all other funds under this contract, and Contractor shall <br />provide reports of program income to Department with each form submitted by Contractor in <br />accordance with Section 5 of this contract, and at the termination of this contract. <br />2. Program income earned by Contractor during the period of this contract shall be retained by <br />Contractor and utilized by Contractor to fund performances specified in this contract, in the <br />manner specified hereunder, prior to requesting additional funds from Department. <br />3. At least sixty (60) days prior to the termination of this contract, Contractor shall submit a plan <br />to Department for its approval which specifies the manner in which Contractor proposes to use <br />any unexpended program income earned under this contract to continue the performance <br />specified in this contract in the manner specified hereunder. Any program income earned by the <br />Contractor from this contract, prior to the establishment and approval of a Revolving Loan Fund <br />plan by Contractor must be returned to Department. In the event Department does not approve <br />the plan submitted by Contractor, Contractor shall return such program income to Department <br />within thirty (30) working days after receipt of Department's notification of disapproval. <br />Page 3 of 12 <br />