West Orange Township_Fourth Round HEFSP_Final Draft

Section 46. Counterparts ‘This Agreement may be executed in multiple counterparts, all of which shall constitute one and the same instrument. and each of which shall be deemed to be an original. A fax copy of a signature on this Agrcement shall have the same effect as an original provided that an original 1s reecived by the other party hereto within two business days thereafier. Section 47. Investment Funding. ‘The Owner agrees to make an investment in the Project and Land in an amount which is not less than 20% of the total Project cost as determined by the Agency pursuant to the Act and the Program. In the event the principal sum set forth in the Agency Financing that is advanced to the Owner is determined by the Agency to exceed 80% of the total Project cost, the Owner shall reimburse the Agency an amount that would reduce the Agency Financing to 80% of the total Project cost. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first written above. WITNESS-ATTEST GWNER: JEWISH SERVICES FOR THE DEVELOPMENTALLY DISABLED OF METROWEST, INC. By: Michael Miller Vice President LENDER: NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY By: . Leslie S. ne le Chief of Legal and Regulatory Affairs This Agreesfient is approved as to form: ATTORNEY GENERAL OF NEW JERSEY Depaity Attomey General