Common use of Project Inspections Clause in Contracts

Project Inspections. The Agent, through the Inspector or any other designee, may inspect the Project at its commercially reasonable discretion during normal business hours to confirm compliance with this Agreement. The reasonable fees and expenses of all such inspections shall be at the expense of Borrower, and the Agent shall provide Borrower with a monthly invoice for such fees and expenses. Nothing contained herein, however, shall operate to impose an inspection obligation on the Agent or to create any representation or warranty by the Agent to Borrower or the Lenders regarding the condition of the Project. At its sole cost and expense, any Lender may inspect the Project during normal working hours and upon reasonable prior notice to Borrower.

Project Inspections. The Agent, through the Inspector or any other designee, may inspect the each Project at its commercially reasonable discretion during normal business hours to confirm compliance with this AgreementAgreement and each Project Budget. The reasonable fees and expenses of all such inspections shall be at the expense of the Borrower, and the Agent shall provide Borrower with a monthly invoice for such fees and expenses. Nothing contained herein, however, shall operate to impose an inspection obligation on the Agent or to create any representation or warranty by the Agent to the Borrower or the Lenders regarding the condition of the Project. At its sole cost and expense, any Lender may inspect the Project during normal working hours and upon reasonable prior notice to BorrowerProjects.