Common use of Right of Lender to Inspect Property Clause in Contracts

Right of Lender to Inspect Property. To permit Lender and its representatives and agents to enter upon the Property and to inspect the Improvements and all materials to be used in the construction thereof and to cooperate and cause Contractor to cooperate with Lender and its representatives and agents during such inspections (including making available to Lender working copies of the Plans and Specifications together with all related supplementary materials); provided, however, that this provision shall not be deemed to impose upon Lender any obligation to undertake such inspections.

Appears in 2 contracts

Samples: Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp), Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp)

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Right of Lender to Inspect Property. To permit Lender and its representatives and agents shall have the right, but not a duty, to enter upon the Property and to inspect the Improvements and all materials material to be used in the construction thereof and to cooperate and the Borrower shall cause Contractor all contractors to cooperate with Lender and its representatives and agents during such inspections (including making available to Lender working copies of the Plans and Specifications together with all related supplementary materials)inspections; provided, however, that this provision shall not be deemed to impose upon Lender any obligation to undertake such inspections. Any such inspections and the results therefrom shall be solely for the use and benefit of Lender.

Appears in 1 contract

Samples: Loan Agreement (PMT Services Inc /Tn/)

Right of Lender to Inspect Property. To permit Lender and its representatives and agents to enter upon the Property and to inspect the Improvements and all materials to be used in the construction thereof upon reasonable notice and to cooperate and cause Contractor to cooperate with Lender and its representatives and agents during such inspections (including making available to Lender working copies of the Plans and Specifications together with all related supplementary materials); provided, however, that this provision shall not be deemed to impose upon Lender any obligation to undertake such inspections.

Appears in 1 contract

Samples: Building Loan Agreement (Essex Hospitality Associates Iv Lp)

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Right of Lender to Inspect Property. To permit Lender and its representatives and agents to enter upon the Property at reasonable times upon reasonable notice and to inspect the Improvements and all materials to be used in the construction thereof and to reasonably cooperate and cause Contractor to reasonably cooperate with Lender and its representatives and agents during such inspections (including making reasonably available to Lender working copies of the Plans and Specifications together with all related supplementary materials); provided, however, that this provision shall not be deemed to impose upon Lender any obligation to undertake such inspections.

Appears in 1 contract

Samples: Building Loan Agreement (Alterra Healthcare Corp)

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