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<br />r <br /> <br />e <br /> <br />e <br /> <br />/ ( <br />. , <br />Iii <br />~" . <br />. . .... .', <br />- '- <br /> <br />b. if required by the State, the Sponsor shall reimburse the <br />State for funds expended on this project and Sponsor <br />shall assume the responsibility for any future expenses <br />for contracted services or materials related to the <br />project for which a contract had been executed prior to <br />the Sponsor's request to void the Agreement. Sponsor <br />funds held by the State may be retained until this <br />requirement is satisfied; and <br /> <br />c. failure on the part of the Sponsor to comply with the <br />conditions of this paragraph shall constitute a breach of <br />this Agreement. <br /> <br />6. Upon satisfaction of the conditions specified in Paragraph <br />II-5 above, the State shall declare this Agreement null and <br />void, and this Agreement shall have no force and effect, <br />except that unexpended or unencumbered monies actually <br />deposited by the Sponsor.and held with the State for project <br />purposes shall be returned to the Sponsor within a reasonable <br />time. <br /> <br />7. Should actual project costs exceed the amount shown above <br />(Amount B), the State may, at the request of the Sponsor, <br />participate in additional eligible costs to the extent of the <br />aforesaid appropriate percentages and subject to the <br />availability of federal funds. Participation in additional <br />federally eligible costs may require approval by the Texas <br />Transportation Commission. The State will not authorize <br />expenditures in excess of the dollar amounts identified in <br />this Agreement and any amendments thereto, without the consent <br />of the Sponsor. <br /> <br />Payment of the United States share of the allowable project <br />costs will be made pursuant to and in accordance with the <br />provisions of such regulations and procedures as the State and <br />the Federal Aviation Administration, hereinafter referred to <br />as the "FAA", shall prescribe. Final determination of the <br />United States share will be based upon the final audit of the <br />total amount of allowable project costs and settlement will be <br />made for any upward or downward adjustments to the Federal <br />share of costs. <br /> <br />8. Sponsor, by executing this Agreement certifies, and upon <br />request, shall furnish proof to the State that it has <br />sufficient funds to meet its share of the costs as heretofore <br />stated. The Sponsor hereby grants to the State and federal <br />government the right, upon advance written requests during <br />reasonable and regular business hours, to audit any books and <br />records of the Sponsor to verify said funds. In addition, the <br /> <br />Page 3 of 14 <br />