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(including investments thereof) held by the GRANTEE(except those needed for <br />immediate cash needs, cash balances of a revolving loan fund, cash balances from a <br />lump sum drawdown, or cash or investments held for Section 108 security needs). <br />B.The AUTHORITY makes no commitment to future support and assumes no <br />obligation for future support of the activities contracted for herein, except as <br />expressly set forth in this Agreement. <br />C.Should anticipated sources of revenue not become available to the AUTHORITY for <br />use in the Community Development Block Program, the AUTHORITY shall <br />immediately notify the GRANTEEin writing and the AUTHORITY will be released <br />from all contracted liability for that portion of the Agreement covered by funds not <br />received by the AUTHORITY. <br />AMENDMENTS <br />8. <br />Either party may request modifications in the scope of work or services, terms, or <br />conditions of this Agreement. Proposed modifications which are mutually agreed upon <br />shall be incorporated by written amendment to this Agreement. A written amendment may <br />affect a project or projects authorized by this Agreement or may be of general application. <br />ASSIGNMENT AND SUBCONTRACTING <br />9. <br />A.The GRANTEEshall not assign any portion of this Agreement without the written <br />consent of the AUTHORITY, and it is further agreed that said consent must be sought <br />by the GRANTEEnot less than fifteen (15) days prior to the date of any proposed <br />assignment. <br />B.Any work or services assigned or subcontracted hereunder shall be subject to each <br />provision of this Agreement and proper bidding procedures contained therein. The <br />GRANTEEagrees that it is as fully responsible to the AUTHORITY for the acts and <br />omissions of its subcontractors and of their employees as agents, as it is for the acts <br />and omissions of its own employees and agents. <br />HOLD HARMLESS AND INDEMNIFICATION <br />10. <br />A.The GRANTEEfurther agrees that it is financially responsible (liable) for any audit <br />exception which occurs due to its negligence or failure to comply with the terms of <br />the Agreement. <br />B.The GRANTEEand AUTHORITY mutually agree to hold harmless and defend each <br />other, their officials, officers, employees, agents, representatives, customers, or <br />invitees against any and all claims, lawsuits, damages, or lawsuits for damages arising <br />from or allegedly arising from or related to the PROJECT, including but not limited <br />to the GRANTEE's or the AUTHORITY's acts, failure to act, or failure to perform its <br />obligations hereunder. The GRANTEEand AUTHORITY further agree to pay the <br />4 <br /> <br />