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(vi) City may, in its reasonable discretion, from time to time request additional or different information, and Owner shall promptly supply such information in the reports required hereunder. 3.3. Maintenance of Records. 3.3.1 Owner shall maintain all records regarding the construction of the Project for five (5) years after final payment and all other pending matters are closed. Owner shall also maintain tenant leases, income certifications and other matters related to the leasing of the affordable units for a period of five (5) years after the final date of occupancy by the tenant. 3.3.2 Records must be kept accurate and up-to-date. City shall notify Owner of any records it deems insufficient. Owner shall have fifteen (15) calendar days from such notice to correct any specified deficiency in the records, or, if more than fifteen (15) days shall be reasonably necessary to correct the deficiency, Owner shall begin to correct the deficiency within fifteen (15) days and diligently pursue the correction of the deficiency as soon as reasonably possible. 3.4 Access to Records; Inspections. 3.4.1 With at least 48 -hours' notice, during normal business hours, Owner shall provide City and its authorized agents and representatives access to any books, documents, papers and records of the Project for the purpose of making audits, examinations, excerpts and transcriptions. 3.4.2 With at least 48 -hours' notice, during normal business hours and as often as may be deemed necessary, City and its authorized agents and representatives shall be permitted access to and the right to examine the Project and the Property and to interview tenants and employees of the Project, for the purpose of verifying compliance with applicable regulations and compliance with the conditions of this Agreement and the other City Documents. 4. Term of Agreement. 4.1 Term of Restrictions. This Agreement shall remain in effect until the later of (i) the seventy-fifth (75`h) anniversary of the date upon which the Project construction loan converts to permanent financing, or (ii) the expiration of the term of the Ground Lease. Notwithstanding the foregoing, in the event that the Project has not been constructed prior to the date that the PUD permit applicable to the Property expires, this Agreement shall terminate of its own accord with no action required; provided however, the Parties each agree to execute and cause a termination of this Agreement to be recorded in the Official Records in the event that this Agreement has terminated pursuant to this paragraph. 4.2 Effectiveness Succeeds Conveyance of Property and Repayment of Loan. This Agreement shall remain effective and fully binding for the full term hereof regardless of (i) any sale, assignment, transfer, or conveyance of the Project or Owner's leasehold interest in the 10 OAK #4834-1210-2746 v4