Use Agreements. Nothing contained in this Agreement shall prevent or restrict Owner from leasing portions of the Project Improvements under Use Agreements, in accordance with the terms of this Agreement and without City’s Approval, provided that each such Use Agreement (a) shall be subject and subordinate to this Agreement and any Mortgage and to the rights of City hereunder and the rights of any Mortgagee thereunder, and shall expressly so state, and (b) shall be operated at the Operating Standard. Owner shall at all times remain liable for the performance of all of the covenants and agreements under this Agreement on Owner’s part to be so performed.
Appears in 3 contracts
Sources: Grant and Development Agreement (Notes Live, Inc.), Grant and Development Agreement (Fresh Vine Wine, Inc.), Grant and Development Agreement