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selection criteria, and how Owner plans to certify the eligibility of Eligible Households. <br />The Plan shall also describe the management team and shall address how the Owner <br />and the management entity plan to manage and maintain the Property and the Project. <br />The Plan shall include the proposed management agreement and the form of rental <br />agreement that Owner proposes to enter into with Project tenants. Owner shall abide <br />by the terms of the Marketing and Management Plan in marketing, managing, and <br />maintaining the Property and-the Project, and throughout the term of this Agreement; <br />shall submit proposed modifications to Agency for review and approval. <br />6.5 Approval of Amendments. If Agency has not responded to any <br />submission of the Management and Marketing Plan, the proposed management entity, <br />or a proposed amendment or change to any of the foregoing within thirty (30) days <br />following Agency's receipt of such plan, proposal or amendment, the plan, proposal or <br />amendment shall be deemed approved by Agency. <br />6.6 Fees, Taxes, and Other Levies. Owner shall be responsible for payment <br />of all fees, assessments, taxes, charges, liens and levies applicable to the Property or <br />the Project, including without limitation possessory interest taxes, if applicable, imposed <br />by any public entity, and shall pay such charges prior to delinquency. However, Owner <br />shall not be required to pay any such charge so long as (a) Owner is contesting such <br />charge in good faith and by appropriate proceedings, (b) Owner maintains reserves <br />adequate to pay any contested liabilities, and (c) on final determination of the <br />proceeding or contest, Owner immediately pays or discharges any decision or judgment <br />rendered against it, together with all costs, charges and interest. <br />6.7 Insurance Coverage. Throughout the term of this Agreement Owner shall <br />comply with the insurance requirements set forth in Exhibit C, and shall, at Owner's <br />expense, maintain in full force and effect insurance coverage as specified in Exhibit C. <br />6.8 Property Damage or Destruction. If any part of the Project is damaged or <br />destroyed, Owner shall repair or restore the same, consistent with the occupancy and <br />rent restriction requirements set forth in this Agreement. Such work shall be <br />commenced as soon as reasonably practicable after the damage or loss occurs and <br />shall be completed within one (1) year thereafter or as soon as reasonab-y practicable, <br />provided that insurance proceeds are available to be applied to such repairs or <br />restoration within such period and the repair or restoration is financially feasible. <br />During such time that lenders or low-income housing tax credit investors providing <br />financing for the Project impose requirements that differ from the requirements of this <br />Section the requirements of such lenders and investors shall prevail. <br />7. Recordation; Subordination. This Agreement shall be recorded in the Official <br />Records of Alameda County. The Agency agrees that pursuant to Health and Safety <br />Code Section 33334.14(x)(4), it will not withhold consent to reasonable requests for <br />subordination of this Agreement to deeds of trust provided for the benefit of lenders <br />identified in the financing plan approved in connection with the OPA, provided that the <br />subordination agreement includes reasonable protections to the Agency in the event of <br />default consistent with the requirements of Health and Safety Code Section <br />1~ ~~c~1~-~~ 12 <br />