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(11) "Non -Recipient Activities" means those activities of the Project to be carried out by Participating Parties, other than the Recipient or an agent or agency of the Recipient, which activities are described in bxhibit C of this Crant Agreement. (12) "Participating Party" means any person, firm, corporation or, entity identified as such in Exhibit A of this Grant Agreement. Identification as a "Participating Party" signifies that the Secretary, in selecting the Recipient for the award of this grant, relied in material part upon a representation that the party so identified will complete a specified portion of the Project or a specific activity necessary for the crnipletion of the Project. (13) "Program Inane" means the UrAG percentage of: M any income earnec by Recipient, or an agent or agency of Recipient, from the disposition of real or personal property acquired in whole or in part with grant funds; (ii) the repayment proceeds (including principal and interest) of any loan made in whole or in fart with grant funds; (fii) any other revenues defined as program iMcme in 24 C.F.R. Part 570, Subpart J, and (iv) any inccuie from an activity where it is specifically declared in Exhibit A of this Grant Agreement that the inane from such activity shall be deemed to be Program Income. The "UrAG percentage" means an amount computed by applying the percentage of participation of grant funds in the total cost of acquisition of property, in the total amount of a loan, or in the total cost of an activity, to the income from the disposition of such property, the total repayment proceeds of such loan, or the income from such activity. (14) "Pockets of raverty Project" means a Project approved based on an application submitted and approved pursuant to Section 119(b)(2) of the Act. _ (15) "Project" means the activities described in the Application and in Exhibits F, C and D of this Grant Agreement which are to be carried out to meet the objectives of the LCAG Program. (16) "recipient" means the local governmental entity receiving grant funds pursuant to this Grant Agreement, as more particularly identified on the cover page of this Crant Agreement. (17) "Recipient Activities" means those activities of the Project to be carried out by the Recipient, or an agent or agency of the Recipient, which activities are described in Lxhibit F of this Crant Agreement. (18) "Secretary" means the Secretary of Lousing and Urban LeveloFxnent cr any other official of i_UU to whom the Secretary has delegated authority to act with respect to matters covered by this Grant Agreement. 09) "EiAC Program" means the Urban Development Action Crant Program eFstablished by 1.41D pursuant to Section 119 of the Act. (20) "E£AG Regulations" means the regulations set forth in 24 C.F.R. Bart 570, Subpart G, as the same may, from time to time, be amended. ARTICLE II ANIDLK-T A14D ALMMIZEr USES OF C WJT FUNrS Section 2.01 Crant Assistance Provided Id consideration of the various obligations undertaken by the Recipient pursuant to this Grant Agreement, and in consideration of the obligations to be undertaken by Participating Parties, as represented by the Recipient in the Application, the Secretary agrees, subject to the terms and conditions set forth herein, to provide the Recipient with grant funds in the amount specified in Lxhibit A of this Grant Agreement. Revised 6181