Common use of Performance Report Clause in Contracts

Performance Report. The Performance Goals are derived from the Application and are specified in Schedule 1. Any Recipient that fails to achieve any Performance Goal must provide a narrative explanation for the failure. The Recipient’s compliance with the Performance Goals will be measured by information that the Recipient submits in its Financial Condition Reports and Performance Reports. Performance Report Annual Periods and Due Dates Schedule1 Start date: End date: Annual report due date: <AMIS to Populate> <AMIS to Populate> <AMIS to Populate> <AMIS to Populate> 1 The Period of Performance will include additional reporting years not reflected on this schedule if at least one Project has not completed its 10-year Affordability Period by the 16th performance year. Early termination of the reporting requirements is also possible if the 10-year Affordability Period for every Project is completed prior to the 16th performance year. I. Incorporation by Reference… 1 II. Definitions… 1 2.1 Affordability Period… 1

Performance Report. The Performance Goals are derived from the Application and are specified in Schedule 1. Any Recipient that fails to achieve any Performance Goal must provide a narrative explanation for the failure. The Recipient’s compliance with the Performance Goals will be measured by information that the Recipient submits in its Financial Condition Reports and Performance Reports. Performance Report Annual Periods and Due Dates Schedule1 Start date: End date: Annual report due date: <AMIS to Populate> <AMIS to Populate> <AMIS to Populate> <AMIS to Populate> 1 The Period of Performance will include additional reporting years not reflected on this schedule if at least one Project has not completed its 10-year Affordability Period by the 16th performance year. Early termination of the reporting requirements is also possible if the 10-year Affordability Period for every Project is completed prior to the 16th performance year. I. Incorporation by Reference… Reference 1 II. Definitions… 1 2.1 Affordability Period… 1