Inspecting Professional. Lender may, at its option, require a monthly inspection of the Property by the Inspecting Professional during the construction of the Improvements and any tenant improvement work (as permitted under the terms of the applicable Lease) at Borrower’s expense. Without limitation of the provisions of Section 3.15(a), Borrower shall provide the Inspecting Professional with copies of any reports and supporting materials, including testing reports received by Borrower, Architect, Contractor or any engineer with respect to the Property or the Project promptly upon Borrower’s receipt thereof.
Appears in 1 contract
Sources: Construction Loan Agreement (Indus Realty Trust, Inc.)
Inspecting Professional. In furtherance of Lender’s rights hereunder, Lender may, at its option, require a monthly inspection of the Mortgaged Property by the Inspecting Professional during the construction of the Improvements and any tenant improvement work (as permitted under the terms of the applicable Lease) at Borrower’s expense. Without limitation of the provisions of Section 3.15(a)4.04(a) hereof, Borrower shall provide the Inspecting Professional with copies of any reports and supporting materials, including testing reports received by Borrower, Architect, Contractor or any engineer Borrower with respect to the Mortgaged Property or the Project promptly upon Borrower’s receipt thereof. .
Appears in 1 contract
Sources: Construction Loan and Security Agreement (Global Growth Trust, Inc.)