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PartiCipation Program only upon r~quest of AGENCY or <br /> if insufficient funds exist in AGENCY'S Reserve <br /> Account to pay CCF its portion, including accrued <br /> interest of any loan in default past eighty (80) <br /> days. <br /> <br /> PART THREE <br /> <br /> DETERMINATION OF AGENCY PARTICIPATION AMOUNT <br /> <br />A. CCF shall receive an interest rate on its portion of <br /> loans under the Loan Participation Program equal to 1.0% <br /> below competitive market rates for loans of like nature <br /> and term. <br /> <br />B. AGENCY shall determine and designate the desired loan <br /> amount, interest rate and term to be given to each <br /> applicant; as well as the interest rate yield AGENCY <br /> desires on its portion of loans funded. <br /> <br />C. The portion of each applicant's loan to be funded by <br /> AGENCY and CCF under the Loan Participation Program shall <br /> be calculated to produce the loan amount, interest rate <br /> and term to the Borrower as designated by the AGENCY; <br /> and, to yield the interest rate requested by AGENCY and <br /> required by CCF on their respective portions of the <br /> Borrower's loan. The various percentage of Participation <br /> (by the AGENCY), rounded to the nearest percent, for <br /> loans to Borrowers of various interest rates and terms, <br /> are set forth in tables attached hereto as Exhibit A and <br /> incorporated herein by this reference. Exhibit A assumes <br /> a principal only 0% interest rate return to the AGENCY on <br /> its portion of loans funded. <br /> <br /> 5 <br /> <br /> <br />