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Disbursement is conditioned upon the submission of satisfactory information by Contractor about the project and compliance with other procedures • specified by HUD. HUD will disburse rental rehabilitation funds obligated by Department under thi.s contract by electronic funds transfer to the depository institution designated by Contractor. 'Amounts requested by Contractor will be disbursed by HUD as closely as possible to the time they are needed by the Owner to pay eligible rehabilitation costs and such amount shall immediately be disbursed by Contractor and Owner in payment for.eligible costs. Contractor shall establish a rental rehabilitation deposit account at designated depository bank and shall not commingle any private or public funds., whether or not such funds are to,be used to supplement Rental Rehabilitation Program funds, in the same account. Contractor expressly understands and agrees that Department shall not be liable for any damages, claims, or demands which may be asserted as a result of any action, or failure to act, by HUD in discharge of its responsibility under the C /MI system. B. Administrative Funds:' Contractor shall submit.a request for reim ursement on a form specified by Department, no more frequently than bi- weekly for costs incurred in administering this contract. C. Notwithstanding the provisions of Section 5(A) -0f this contract, it is expressly understood and agreed by the-parties hereto that payments under this contract are contingent upon Contractor's full and satisfactory performance of its obligations under* this contract .and. that Department may, at -its sole option and in its sole discretion,. withdraw and reallocate rental •rehabilitation - funds. provided- •under. this contract based _on: Contractor :.s • noncompliance with the terms of this contract •, applicable laws or regulations including recipient's failure to meet the schedule -for committing rental rehabilitation amounts as set forth in Exhibit D of -this contract. D. It is expressly understood and agreed by the parties hereto that any right or remedy provided for in this Section 5 or in any.other provision of this contract shall not preclude the exercise of any other right or remedy under this contract or under any provisions. of law, nor shall any action taken in the exercise of any right - or remedy .be deemed a waiver of any. other rights or remedies:. Failure. to exercise any right or remedy hereunder shall not constitute a waiver of the right to exercise that or any other right or remedy at any time. SECTION 6. UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND ALLOWABILITY OF COSTS A. Contractor shall comply with Office of Management and Budget (OMB) Circular A- 102-as supplemented by the rules promulgated•by the Office of the Governor at 7 Tex. Reg. 3172 under the Uniform Grant 'and Contract Management Act of 1981 (TEX.REV.CIV.STAT.ANN.art.4413 (32g).), hereinafter referred to as the Management Standards, except to the extent that Department establishes variations from the Management Standards -in accordance with Section 6 of such Act. B. Except for administrative costs, the allowability performances rendered hereunder shall be determined in Circular A -122, subject to the following limitations: PAGE 3 OF 11 of costs incurred for accordance with OMB L