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410 Each Particip,ant_ls Program Allocation -ay i,,� h<-,14 for Builder Reservations suhject to the Ori(lination Agree-ent regarding the time period for commitment of funds, provided that no r --)re than 50t of the total funds available under the Program rr_ay bf, so reserved for builders without the prior consent. of the Authority. The mount of approved Building Reservations) for each Participant is specified in the Notice of Acceptance delivered to such Participant. No particular builder (including related persona as defined in the Code) may reserve funds from all Participants which total in the aggregate in excess of 20% of the total funds available to purchase Series A Mortgage Loans under the Program. Each builder is required to exhaust its Builder Reservation prior to seeking any other Program funds for Series A Mortgage loans on Single Family Residences identified in the Offer to Originate. In the event the Authority extends the Origination Period as provided in the Indenture, the Authority may, in its discretion, allocate funds available during such extended period and may, in its discretion, provide for reimbursement of Commitment Fees. During the Origination Period, a Participant, with the prior written ccnsent of the Authority and the Servicer, may transfer all or a portion of its Program Allocation to one or more other Participants, for the purpose of ultimately fulfilling its obligation to the Authority, complying with the requirements of the Origination Agreement, or for such other reasonable purposes that shall be specified in writing in the Participant's request submitted to the Servicer and the Authority. At the end of the Origination Period, the Authority shall terminate any Program Allocation or portion thereof that is not then the subject of a Series A Mortgage loan submitted for Purchase. Commitments for Series A Mortgage I.oann within allocation regions described in the origination Agreement will he made on a first-r_ome, first -:served basis, including commitments made from reservations of funds for builders. Participant_-: shall originate Series A Mortgage Loans and close and deliv.-r such Series A Mortgage foams at :such times as will enabl.• the Servicer to purchase such Series A Mortgage Loaria by the final Purchase Date of the origination Period, subject to the availability of funds for purchase and the availability of Series A Hortg-vle Loans in amounts esul f icient to form a Pr�ol . Series A Mort stage Loan must be secured by a first asa».jrt qa,4 - lien on the Single Family Residence acquired thereby, and made to finance a residence in accordance with the then current utiderwrit innqq policies of FHA, VA. R . the PM insurer. and paint* "&*, as applicable, and all other requireemnte established by the originattaa Agrom ent and the Code and the then current criteria set f ort A Lo the GIM outdo or sante Use Ou tdos . as app1 i cab 1 e . subject to the final review o! the Gervtoer Hach series A Mott"" Leen (s) shall bear tatere t at the rate of ♦ as• per &same tenx+apt as othervtae deecrtbed Under the himAtsq •T= PSOURAM 56 •1 • 1'