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10. <br /> <br /> Obligations Free of Interest -'The sums payable hereunder by either <br /> <br /> of the parties hereby to the other shall not bear interest before the <br /> respective dates specified for payment. <br /> <br /> Adjustment of On~-Third Share <br /> <br /> After all cash and non-cash ~nts-in~aid are made and are provided <br /> for~ytheCityunde? ~his agreement, if the Authority determines <br /> <br />~trat~he sum of such grants-in-aid is less than the City's one-third <br />share of ~he total actual net project cost, the City. agrees to pay the <br />difference in-cash'or in pooling credits. If, however, the ~uthority <br />determines .Ghat the same exceeds the City's. one=third share of the total <br />actual net project cost, the Authority shall apply the same as credit <br />against the City's obligations in other projects undertaken by the <br /> <br /> Autho~Tty. It is understood and agreed that the amounts set forth <br /> <br /> above to be provided by the City as cash and non-cash grants-in-aid which <br /> total $3,193,902 under this agreement are based upon current estimates <br /> and the actual grant-in-aid credit accruing to the City wiI1 be determined <br /> on the bes%s of actual project cost in findings made upon the completion of <br /> the project and if necessary the City will adjust upward such grants-in-aid <br /> in order to meet its obligations to contribute not less than 1/3 of the <br /> net cest of the project. <br /> <br />Budget review by the City of Portsmouth - The City of Portsmouth reserves <br />unto itself the right to review project budgets of Portsmouth Redevelopment <br />a~R ~'s~gr~ A~hor~tywith regard to any redevelopment project, including <br />any conservation project, or any other projects administered by Portsmouth <br />t~edevelopment and 3~ons~ing.Authority which in any -way may come within its <br />p~r~ie%,,and which ~ro]ect or projects may require participation by the City of <br />~orCsmo~th through the granting of funds to Portsmouth Redevelopment and <br />~ousing ~AuthoriTy, through the use of credits allowed the City of Portsmouth <br />for its capital expenditures, or otherwise. The extent of said budget review <br /> <br /> <br />