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change orders and any change (increase or decrease) in Guaranteed Construction Price resulting from such change orders. If the ro ect oor mators etermines that any change in the Guaranteed Construction rice resu tmg from an approved change order is not appropriately charged (in the case of an increase) or credited (in the case of a decrease)- to a Party in accordance with its Res tive Shares, then such change shall be charged or credited to the Party or Parties the ro ect oor mators etermine~ should appropriately be charged or credited therewith. The ro ect oor mators hall provide that the amount of such change shall e c arge or cre ited to the appropriate Party or Parties in one of the following ways: (A) by causing the amount of such change (in the case of an increase) to be directly billed to such Party or Parties in connection with a demand for funding of the Disbursement Account; (B) by causing the amount of such change (in the case of a decrease) to be credited against such Party's or Parties' obligation to fund the Disbursement Account together with a corresponding increase in the other Party's or Parties' obligation to fund the Disbursement Account; or (C) in such other manner as is determined to be appropriate by the Review Committee. The ro ect oor mators shall notify all Parties in writing of any action taken pursuant to t is pazagraph. (v) Disbursement Accoun~ The ro ect oor matocs hall establish and hold for administration a dis ursement account ("Disbursement Account"). The Disbursement Account shali be established under an appropriate fund account, as described in OAR 150-294.352(2), by the Transit District as paying agent. The Disbursement Account shall be established so that checks drawn against such account and any other withdrawals must be approved in writin b the Authorized Disbursement Officers. The Project Manager shall present to the o ect oor inators Progress Payment Request detailing such Project Costs an o er amounts as may be due and owing for services, work, materials or labor in connection with the Project. The Project Manager shall present requests for Project Manager's Compensation separately from other Progress Payment Requests. The Pro~ect oor inators hall review and approve or disapprove each Progress Pa ment Re uest within ten (10) business days from the receipt thereof. If the Pro ect Coordinators isapproves of a Progress Payment Request or any item mcluded therem, it shall notify the Project Mana er in writin of such disapproval, specifying the reasons therefor. To the extent the Pro ect oor inators approve~ a Progress Payment Request or any items include therem, it s all prepare and deliver to the County and the Transit District a Disbursement Account Funding Request. Within two (2) business days from the date of each Disbursement Account Funding Request, the County and the Transit District shall each deposit, or cause to be deposited, into the Disbursement Account immediately available funds in the respective amounts specified in such Disbursement Account Fundin Request. Upon receipt of such funds in the Disbursement Account, the ro ect oor inators hall disburse the same to the person(s) to whom suc ro~ect osts an other amounts as may be due and owing for services, work, materials or labor in connection with the Project in a prompt manner so that the disbursement will comply with applicable FTA requirements and pernuts the Transit District to draw down funds under its FTA grant. The Project Manager will be responsible for obtaining all affidavits, releases and waivers of lien from the General Contractor and all subcontractors in connection with the payment of any Project Costs, and to that end the ro ect oor inators shall coordinate with the Project Manager its payments rom t e Dis ursement Account. Courthouse Square Development Agreement Page - 12