Common use of Inspection of Properties and Books Clause in Contracts

Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest therein), to examine the books of account of the Borrower, each Guarantor and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections more often than once in any twelve (12) month period. In the event that the Agent or a Lender shall visit and inspect a property of a Subsidiary of Borrower which is not a Guarantor or an

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

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Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause the Guarantors and their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor the Guarantors or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest thereinunder their leases), to examine the books of account of the Borrower, each Guarantor Guarantors and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor Guarantors and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, partners or members, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for more than one such visits visit and inspections more often than once inspection in any twelve (12) month period. In The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the event that interference with and disruption to the Agent or a Lender shall visit normal business operations of Borrower, Guarantors and inspect a property of a Subsidiary of Borrower which is not a Guarantor or antheir respective Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (CyrusOne Inc.)

Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause the Guarantors and their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor the Guarantors or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest thereinunder their leases), to examine the books of account of the Borrower, each Guarantor Guarantors and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor Guarantors and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, partners or members, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred 101 and be continuing, the Borrower shall not be required to pay for more than one such visits visit and inspections more often than once inspection in any twelve (12) month period. In The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the event that interference with and disruption to the Agent or a Lender shall visit normal business operations of Borrower, Guarantors and inspect a property of a Subsidiary of Borrower which is not a Guarantor or antheir respective Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (CyrusOne Inc.)

Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause their respective its Subsidiaries to, permit the Agent and or any representative designated by the LendersAgent, at the Borrower’s 's expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest therein)its Subsidiaries, to examine the books of account of the Borrower, each Guarantor and their respective its Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor and their respective its Subsidiaries with, and to be advised as to the same by, their respective its officers, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default Non-Advance Condition or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections more often than once in any twelve (12) month period. In The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the event that necessity of multiple site visits to the Agent or a Lender shall visit same geographic location and inspect a property the interference with and disruption to the normal business operations of a Subsidiary of Borrower which is not a Guarantor or anthe Borrower, the Guarantors and its Subsidiaries.

Appears in 1 contract

Samples: Master Credit Agreement (Entertainment Properties Trust)

Inspection of Properties and Books. The Borrower and the Guarantors Borrowers will, and will cause their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s Borrowers’ expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor Borrowers or any of their respective Subsidiaries (subject to the rights of tenants under their Leases, and the Agent and Lender agree to use commercially reasonable efforts not to interfere with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest therein)rights) during normal business hours, to examine the books of account of the Borrower, each Guarantor Borrowers and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor Borrowers and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, partners or members, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower Borrowers shall not be required to pay for such visits and inspections more often than once in any twelve (12) month period. In The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the event that interference with and disruption to the Agent or a Lender shall visit normal business operations of Borrowers and inspect a property of a Subsidiary of Borrower which is not a Guarantor or antheir respective Subsidiaries.

Appears in 1 contract

Samples: Term Loan Agreement (CoreSite Realty Corp)

Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s expense and expense, upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest thereinunder their Leases), to examine the books of account of the Borrower, each any Guarantor and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, partners or members, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall then have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections more often than once in any twelve (12) month periodinspections. In the event that the Agent or a Lender shall visit and inspect a property of a Subsidiary of the Borrower which is not a Guarantor or anGuarantor, such visit and inspection shall be made with a representative of the Borrower (and the Borrower agrees to use reasonable efforts to make such representative available). The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the normal business operations of such Persons.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (American Realty Capital Healthcare Trust Inc)

Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor or any of their respective Subsidiaries Unencumbered Pool Properties (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest thereinunder leases), to examine the books of account of the Borrower, each any Guarantor and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, partners or members, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections more often than once in any twelve (12) month period. In The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the event that interference with and disruption to the Agent or a Lender shall visit and inspect a property normal business operations of a Subsidiary of Borrower which is not a Guarantor or ansuch Persons.

Appears in 1 contract

Samples: Credit Agreement (Monogram Residential Trust, Inc.)

Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor or any of their respective Subsidiaries Unencumbered Borrowing Base Properties (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest thereinunder their Leases), to examine the books of account of the Borrower, each any Guarantor and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, partners or members, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections more often than once in any twelve (12) month period. In The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the event that interference with and disruption to the Agent or a Lender shall visit and inspect a property normal business operations of a Subsidiary of Borrower which is not a Guarantor or ansuch Persons.

Appears in 1 contract

Samples: Credit Agreement (Four Springs Capital Trust)

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Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s 's expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor the Guarantors' or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest thereinunder their Leases), to examine the books of account of the Borrower, each Guarantor the Guarantors and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor the Guarantors and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, partners or members, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections. The Lenders shall use good faith efforts to coordinate such visits and inspections more often than once in any twelve (12) month period. In so as to minimize the event that interference with and disruption to the Agent or a Lender shall visit normal business operations of the Borrower, the Guarantors and inspect a property of a Subsidiary of Borrower which is not a Guarantor or antheir respective Subsidiaries.

Appears in 1 contract

Samples: Term Loan Agreement (Mid America Apartment Communities Inc)

Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest thereintenants), to examine the books of account of the Borrower, each Guarantor and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections more often than once in any twelve (12) month period. In the event that the Agent or a Lender shall visit and inspect a property of a Subsidiary of Borrower which is not a Guarantor or anGuarantor, such visit and inspection shall be made with a representative of Borrower (and Borrower agrees to use reasonable efforts to make such representative available). The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the normal business operations of the Borrower, the Guarantors, their respective Subsidiaries and any tenants.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Gladstone Commercial Corp)

Inspection of Properties and Books. The Borrower and the Guarantors Guarantor will, and will cause their respective Subsidiaries to, permit the Agent and or any Lender or any representative designated by the LendersAgent or any Lender, at the Borrower’s 's expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest therein)Subsidiaries, to examine the books of account of the Borrower, each Guarantor and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor and their respective Subsidiaries with, and to be advised as to the same by, their respective its officers, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections more often than once in any twelve (12) month period. In The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the event that necessity of multiple site visits to the Agent or a Lender shall visit same geographic location and inspect a property the interference with and disruption to the normal business operations of a Subsidiary of Borrower which is not a the Borrower, the Guarantor or anand their Subsidiaries.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor Guarantors or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest thereintenants), to examine the books of account of the Borrower, each Guarantor Guarantors and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor Guarantors and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections more often than once in any twelve (12) month period. In the event that the Agent or a Lender shall visit and inspect a property of a Subsidiary of Borrower, such visit and inspection shall be made with a representative of Borrower which is not a Guarantor or an(and Borrower agrees to use reasonable efforts to make such representative available). The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the interference with and disruption to the normal business operations of the Borrower, the Guarantors, their respective Subsidiaries and any tenants.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Cogdell Spencer Inc.)

Inspection of Properties and Books. The Borrower and the Guarantors will, and will cause their respective Subsidiaries to, permit the Agent and the Lenders, at the Borrower’s expense and upon reasonable prior notice, to visit and inspect any of the properties of the Borrower, each Guarantor or any of their respective Subsidiaries (subject to the rights of tenants and with the understanding that any visit to or inspection of any Real Estate that is not a Subject Property shall be undertaken for purposes of evaluating such Real Estate as it pertains to the Parent’s or the Borrower’s direct or indirect equity interest therein)Subsidiaries, to examine the books of account of the Borrower, each Guarantor and their respective Subsidiaries (and to make copies thereof and extracts therefrom) and to discuss the affairs, finances and accounts of the Borrower, any Guarantor and their respective Subsidiaries with, and to be advised as to the same by, their respective officers, all at such reasonable times and intervals as the Agent or any Lender may reasonably request, provided that so long as no Default or Event of Default shall have occurred and be continuing, the Borrower shall not be required to pay for such visits and inspections more often than once in any twelve (12) month period. In The Lenders shall use good faith efforts to coordinate such visits and inspections so as to minimize the event that interference with and disruption to the Agent or a Lender shall visit normal business operations of the Borrower, the Guarantors and inspect a property of a Subsidiary of Borrower which is not a Guarantor or antheir respective Subsidiaries.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Republic Property Trust)

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