; (B) to report to the Secretary in accordance with paragraph (4); (C) to meet the administrative capacity requirements under section 498(d) of the Higher Education Act of 1965 ( 20 U.S.C. 1099c(d) ); and (D) to meet the cash reserves requirements under section 498(c)(6)(A) of the Higher Education Act of 1965 ( 20 U.S.C. 1099c(c)(6)(A) ). (3) Teach-out agreements (A) Sufficient progress Not later than 30 days after the date on which an eligible institution described in paragraph (2)(A) enters into a COVID–19 provisional program participation agreement under this subsection, such eligible institution shall submit to the Secretary an interim teach-out agreement that provides for the equitable treatment of at least 75 percent of enrolled students and a reasonable opportunity for such students to complete their program of study. (B) Addendum reports Not later than 15 days after the date on which an eligible institution submits an interim teach-out agreement in accordance with subparagraph (A) , and every 15 days thereafter, such eligible institution shall submit to the Secretary a report that includes— (i) the percentage of students enrolled in such eligible institution that are covered by a teach-out agreement; (ii) the increase in the percentage of students covered by such an agreement, as compared to the most recently submitted report