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hold all such proceeds and disburse them based on the progress of construction, <br />subject to such additional reasonable conditions as City and Agency may impose. <br />12.20 HUD Required Provisions. In the event Developer receives a Reservation for a <br />Section 202 Capital Grant from HUD, prior to the HUD initial closing, the City and Agency <br />agree to amend this Agreement, the Regulatory Agreement, the City Documents, the Agency <br />Documents and the Regulatory Agreement to incorporate by reference HUD-required provisions. <br />SIGNATURES ON FOLLOWING PAGE. <br />956070-4 41 <br />