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<br />e <br /> <br />e <br /> <br />P. SUBRECIPIENT agrees that except for the use of FEZ funds to pay salaries <br />and other related administrative or personnel costs, no persons who <br />exercise or have exercised any function with respect to FEZ activities <br />assisted under the terms of this Agreement, or who are in a position to <br />participate in a decision-making process or gain inside information with <br />regard to such activities, may obtain a financial interest or benefit from a <br />FEZ-assisted activity of SUBRECIPIENT, either for themselves or those with <br />whom they have family or business ties, during their tenure or for one year <br />thereafter. This prohibition applies to any person who is an employee, <br />agent, consultant, officer, or elected or appointed official of SAEC, or of any <br />designated public agencies, or the SUBRECIPIENT. <br /> <br />O. SUBRECIPIENT acknowledges and warrants that prior to having any <br />contractor perform work paid for by FEZ funds, that it shall be responsible <br />(i) for providing such contractor with a copy of this Agreement, and (ii) <br />ensuring that any such contractor executes and provides to the Executive <br />Director of SAEC a letter in substantially the form of Exhibit F hereto, <br />agreeing to be bound by the terms of this Agreement. <br /> <br />R. SUBRECIPIENT acknowledges and warrants that during the term of this <br />Agreement it shall to the maximum extent feasible collaborate with other <br />SUBRECIPIENT to ensure that duplication of services is avoided. Such <br />collaboration shall include, but not be limited to, regular attendance (i.e., <br />an attendance record exceeding 50%) and active participation in the <br />appropriate committee or committees established pursuant to the <br />Strategic Plan. <br /> <br />II. SAEC'S OBLIGATIONS <br /> <br />Upon execution of this Agreement by SUBRECIPIENT, SAEC shall pay to <br />SUBRECIPIENT from FEZ funds, when, if and to the extent received from HUD, for <br />SAEC's 2000-01 FEZ program year amounts expended by SUBRECIPIENT in <br />carrying out said program for fiscal year 2000-01 pursuant to this Agreement up to <br />a maximum aggregate payment of One Million Dollars ($1,000,000.00) in <br />installments determined by SAEC. Payments shall be made to SUBRECIPIENT <br />through the submission of periodic invoices, in a form prescribed by SAEC, <br />detailing such expenses. SAEC shall pay such invoices within thirty (30) days after <br />receipt thereof provided SAEC is satisfied that such expenses have been incurred <br />within the scope of this Agreement and that SUBRECIPIENT is in compliance with <br />the terms and conditions of this Agreement. <br /> <br />III. PROGRAM INCOME <br /> <br />A. For the purposes of this Article (III) "Program income," shall mean gross <br />income received by the SUBRECIPIENT directly generated from toe use of <br />FEZ funds, except as provided below in Paragraph III.C. When such income <br />is generated by an activity that is only partially assisted with FEZ funds, the <br />income shall be prorated to reflect the percentage of FEZ funds used. <br />Page 5 of 13 <br />