Payment of Township Costs. Redeveloper shall make timely payment or reimbursement to the Township of the Township Costs. Redeveloper shall fund an escrow account (the “RDA Escrow Account”) with an initial balance of Twenty-Five Thousand Dollars ($25,000.00). If, when, and as often as may occur that the RDA Escrow Account is drawn down to Ten Thousand Dollars ($10,000.00), then Redeveloper, upon the Township’s written request, shall within ten (10) business days thereafter provide to the Township funds sufficient to replenish the RDA Escrow Account to the amount of Twenty-Five Thousand Dollars ($25,000.00) for use in accordance with these terms, unless such time period shall be extended for good reason by the Township in its sole discretion. Funds in the RDA Escrow Account will be applied to the payment or reimbursement of the Township Costs as provided in this Agreement.
