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14 <br /> The Covenant Agreement provides among other things, that the Premises shall be <br /> operated exclusively as a workforce development center associated with the low- <br /> income supportive housing on the Property and available to Very Low-income <br /> persons until December 31, 2043. The Covenant Agreement also provides for an <br /> easement in gross to the City, its agents and employees to enter the Premises at <br /> the time on reasonable notice to inspect the condition of the property; to interview <br /> workforce training program participants of the Premises and to verify income <br /> information and any other matters relevant to the Covenant Agreement; and to <br /> inspect and copy any documents maintained by the owner or its agent relevant to <br /> the Covenant Agreement. <br /> X. SUBORDINATION AGREEMENTS, SUBSEQUENT PRIORITY INSTRUMENTS <br /> If the Owner intends, simultaneously with the taking of the Loan, to take loans for <br /> the Project from other lenders, the Owner covenants that, unless otherwise agreed <br /> by the City in a priority agreement or other written instrument, there will be no lender <br /> or person or party with an interest in the Owner's leasehold interest in the Premises <br /> recorded prior to the City's Covenant Agreement or the City's Loan. <br /> The Owner shall cause any subsequent mortgagee or lien holder to be approved in <br /> writing by the City and shall require such mortgagee or lien holder to agree, by <br /> separate agreement with the City to subordinate the lien of its security instruments, <br /> if any, to the Covenant Agreement. <br /> If there exists any lender or person or part with an interest in the Owner's leasehold <br /> interest in the Premises recorded prior to the date of the City's Covenant Agreement, <br /> the Owner shall, unless otherwise agreed by the City in a priority agreement or other <br /> written instrument, require such lender to subordinate the lien of its security <br /> instruments, if any, to the Covenant Agreement. <br /> If the Owner requests that the lien of a subsequent or prior lender to the Owner for <br /> the Project be prior and superior to the lien of the City and if the City agrees to that <br /> request, the documents effecting such subordination of the City's mortgage and lien <br /> rights shall, prior to their execution, be subject to review and approval by the City <br /> Attorney. <br /> XI. MANAGEMENT OF THE PROJECT <br /> A. In General <br /> The Owner agrees to keep the Premises in good condition and repair; not to <br /> remove or demolish any building thereon; to complete or restore promptly <br /> and in good and workmanlike manner any building on the Premises that may <br /> be constructed, damaged, or destroyed, and to pay when due all claims for <br /> labor performed and materials furnished therefore; and to pay when due all <br /> claims for labor performed and materials furnished therefore; to comply with <br /> all laws affecting the Premises or requiring any alterations or improvements <br /> to be made; not to commit or permit waste thereof; not to commit, suffer, or <br /> permit any act upon the Premises in violation of law; and to do all other acts <br /> 5 <br /> 81 <br />