Right to Retain the Construction Inspector. The Lender shall have the right to retain, at the Borrower's cost and expense, the Construction Inspector to perform the following services on behalf of the Lender:
Right to Retain the Construction Inspector. Agent shall have the right to retain, at Borrower's cost and expense, the Construction Inspector to perform all or any of the following services on behalf of the Lenders:
Right to Retain the Construction Inspector. The Banks acting through the Agent shall have the right to retain, at the Borrower's cost and expense, the Construction Inspector to perform the following services on behalf of the Banks:
Right to Retain the Construction Inspector. The Agent shall have the right to retain, at the Borrower's cost and expense, a Construction Inspector to review construction budgets, contracts and schedules, make periodic inspections of construction of improvements at the Projects and to advise the Agent regarding all construction matters at the Projects. 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, the Lenders nor the Construction Inspector shall have any liability to the Borrower on account of the services performed by the Construction Inspector. Neither the Agent, the Lenders nor the Construction Inspector assumes any obligation to the Borrower or any other Person concerning the quality of construction of any Project improvements or the absence therefrom of defects.
Right to Retain the Construction Inspector. The Agent shall have the right to retain, at the Borrower's cost and expense (to the extent of reasonable market rates for such professional services and which are estimated on the Closing Date not to exceed $15,000), the Construction Inspector to perform the following services on behalf of the Agent and the Banks:
Right to Retain the Construction Inspector. The Lender shall have the right to retain, at the Borrower's cost and expense, the Construction Inspector to perform various services on behalf of the Lender, including, without limitation, to review the Project Budget and the Plans and Specifications, to make periodic inspections (approximately at the date of each Draw Request) for the purpose of assuring that construction of the Renovation Project to such date is in accordance with the Plans and Specifications, to advise the Lender of the anticipated cost of and time for completion of construction of the Renovation Project and the adequacy of any contingencies in the Project Budget, and to review the Construction Contract and subcontracts. The fees of the Construction Inspector shall be paid by the Borrower forthwith upon billing therefor and expenses incurred by the Lender on account thereof shall be reimbursed to the Lender forthwith by the Borrower upon request therefor. Neither the Lender nor the Construction Inspector shall have any liability to the Borrower on account of (a) the services performed by the Construction Inspector, (b) any neglect or failure on the part of the Construction Inspector to properly perform its services, or (c) any approval by the Construction Inspector of construction of the Renovation Project. Neither the Lender nor the Construction Inspector assumes any obligation to the Borrower or any other Person concerning the quality of construction of the Renovation Project or the absence therefrom of defects.
Right to Retain the Construction Inspector. (a) The Lender shall have the right to retain, at the Borrower's cost and expense, the Construction Inspector to perform various services on behalf of the Lender, including, without limitation, to make periodic inspections (approximately at the date of each Draw Request) for the purpose of assuring that construction of the Improvements to date is in accordance with the Plans and Specifications, to advise the Lender of the anticipated cost of and time for completion of construction of the Improvements and the adequacy of any Contingency Reserve, and to review the Construction Contract and
Right to Retain the Construction Inspector. (a) Agent shall have the right to retain, at Borrower’s cost and expense, the Construction Inspector to perform various services on behalf of Agent and Lenders, including, without limitation, to review the Project Budget and the Plans and Specifications, to make periodic inspections (approximately at the date of each Draw Request) for the purpose of assuring that construction of the Improvements to date is in materially accordance with the Plans and Specifications, to advise Agent and Lenders of the anticipated cost of and time for completion of construction of the Improvements and the adequacy of any Contingency Reserve, and to review the Construction Contract and subcontracts.
Right to Retain the Construction Inspector. (a) The Lender shall retain, at the Borrower’s cost and expense (provided the same are commercially reasonable), the Construction Inspector to perform various services on behalf of the Lender, including, without limitation, to review the Project Budget and the Plans and Specifications, to make periodic inspections of the Project (near the date of each Draw Request) for the purpose of assuring that construction of the Improvements to date is substantially in accordance with the Plans and Specifications, to advise the Lender of the anticipated cost of and time for completion of construction of the Improvements and the adequacy of any Contingency Reserve and to review the Construction Contract and Key Contracts.
Right to Retain the Construction Inspector. (a) The Lender shall have the right to retain, at the Borrower's cost and expense, the Construction Inspector to perform various services on behalf of the Lender, including, without limitation, to make periodic inspections (approximately at the date of each Draw Request) for the purpose of assuring that construction of the Improvements to date is in accordance with the Plans and Specifications, to advise the Lender of the anticipated cost of and time for completion of construction of the Improvements and the adequacy of any Contingency Reserve, and to review the Construction Contract and subcontracts. The Construction Inspector named herein is acceptable to Borrower, however, if Lender shall elect to appoint a new Construction Inspector, the Lender shall appoint a Construction Inspector that has an office located in The Commonwealth of Massachusetts.
