Maintenance and Modification of Project by the Society. The Society agrees that at all times during the term of this Agreement, the Society will, at the Society’s own expense, maintain, preserve and keep the Project or cause the Project to be maintained, preserved and kept, with the appurtenances and every part and parcel thereof, in good repair, working order and condition and that the Society will from time to time make or cause to be made all necessary and proper repairs, replacements and renewals deemed proper and necessary by it. In addition, after the Completion Date, the Society shall have the privilege of remodeling the Project, if applicable, or making substitutions, additions, modifications and improvements to the Project from time to time as the Society, in its discretion, may deem to be desirable for the Society’s use for such purposes and, with respect to the Project, as shall be permitted by the Act, the costs of which remodeling, substitutions, additions, modifications and improvements shall be paid by the Society, and the same shall be the property of the Society and, with respect to such substitutions, additions, modifications and improvements to the Project, be included under the terms of this Agreement as part of the Project. Prior to undertaking any such remodeling, substitutions, additions, modifications or improvements which would materially alter the Project or the functional use thereof, the Society shall give written notice to the Registered Owner of the proposed action to be taken and shall not undertake such action without the prior written consent of the Registered Owner, which shall not be unreasonably withheld.
