Inspection of Real Estate. If the Lender is not permitted, at all reasonable times upon prior reasonable notice and pursuant to the other terms and conditions herein, to enter and inspect the Real Estate, Project and the Secured Assets.
Inspection of Real Estate. Seller agrees to convey and Buyer agrees to accept such title to the Real Property as the title company shall be willing to insure on its standard form and at standard rates, such title to be subject to: (i) all standard exclusions and printed exceptions in the standard form of owner's policy of title insurance; (ii) encroachments and all other matters that would be disclosed by a current and accurate survey of the Real Property; (iii) liens for taxes and assessments not yet due and payable; (iv) easements for public utilities affecting the Real Property; (v) all easements, covenants, restrictions and rights-of-way affecting the Real Property; (vi) the exceptions listed on SCHEDULE 7.3; and (vii) both (a) any applicable zoning ordinances, other land use laws and regulations; and (b) those matters, if any, which are waived by Buyer pursuant to this Section (the foregoing title matters are hereinafter referred to as "Permitted Title Exceptions"). Within thirty (30) days of the execution of this Agreement, Buyer shall order, at Buyer's sole cost and expense, a title commitment from a title insurance company authorized to do business in the State of New York (the "Commitment"). If the Commitment reveals a defect in title which is not one of the Permitted Title Exceptions, Buyer may either waive such defect or give prompt (within ten (10) days of receipt of such commitment or endorsement, time being of the essence) written notice to Seller of such defect in title whereupon Seller may, at its option, attempt to cure such defect prior to the Closing or decline to cure such defect. Nothing contained herein shall be deemed or construed to require Seller to incur any costs and expenses, or to bring any action or proceeding, to remove any defect in title. Notwithstanding the foregoing, Seller shall have the right, at its sole option, to extend the Closing Date by not more than sixty (60) days to attempt to cure any defect in title objected to by Buyer in accordance with this Section 7. Seller shall give Buyer no less than five (5) business days' notice of a new Closing Date.
Inspection of Real Estate. Purchaser shall have the right to inspect the Property to satisfy itself that the Property, as of the date of such inspection, is in good operating condition and repair. Such inspection may include performing environmental, engineering and other noninvasive tests at Purchaser’s discretion, upon notice to and approval by Seller, such approval not to be unreasonably withheld. Purchaser acknowledges that Seller makes no representation or warranty with respect to the foregoing or in any manner in connection with the condition or operation of the Property, except as specifically set forth in this Agreement. Purchaser shall bear the cost of all inspections and any repairs necessary by reason of such inspections referred to in this paragraph.
