Common use of Construction Inspector Clause in Contracts

Construction Inspector. Upon not less than ten (10) days written notice to the Borrower, the Agent may retain the Construction Inspector at the cost of the Borrower to perform the following services on behalf of the Agent; (a) to review applicable Loan Requests and material change orders; and (b) to make periodic inspections for the purpose of assuring that construction of the Improvements to date is in accordance with the Plans and Specifications and to approve the Borrower's then current Loan Request, as the case may be, as being consistent with the Construction Budget and the Borrower's Obligations under this Credit Agreement. The fees of the Construction Inspector shall be paid by the Borrower forthwith upon billing therefor and expenses incurred by the Agent on account thereof shall be reimbursed to the Agent forthwith upon request therefor, but neither the Agent nor the Construction Inspector shall have any liability to the Borrower on account of (i) the services performed by the Construction Inspector, (ii) any neglect or failure on the part of the Construction Inspector to properly perform its services, or (iii) any approval by the Construction Inspector of construction of the Improvements. Neither the Agent nor the Construction Inspector assumes any obligation to the Borrower or any other person concerning the quality of construction of the Improvements or the absence therefrom of defects.

Construction Inspector. Upon not less than ten (10) days ---------------------- written notice to the Borrower, the Agent may retain the Construction Inspector at the cost of the Borrower to perform the following services on behalf of the Agent; (a) to review applicable Loan Requests and material change orders; and (b) to make periodic inspections for the purpose of assuring that construction of the Improvements to date is in accordance with the Plans and Specifications and to approve the Borrower's then current Loan Request, as the case may be, as being consistent with the Construction Budget and the Borrower's Obligations under this Credit Agreement. The fees of the Construction Inspector shall be paid by the Borrower forthwith upon billing therefor and expenses incurred by the Agent on account thereof shall be reimbursed to the Agent forthwith upon request therefor, but neither the Agent nor the Construction Inspector shall have any liability to the Borrower on account of (i) the services performed by the Construction Inspector, (ii) any neglect or failure on the part of the Construction Inspector to properly perform its services, or (iii) any approval by the Construction Inspector of construction of the Improvements. Neither the Agent nor the Construction Inspector assumes any obligation to the Borrower or any other person concerning the quality of construction of the Improvements or the absence therefrom of defects.