Common use of Inspection of the Property Clause in Contracts

Inspection of the Property. Subject to the rights of tenants under the Leases, Lender, or its agent or independent expert, has the right to enter and inspect the Property on reasonable prior notice, except during the existence of an Event of Default, when no prior notice is necessary. Lender has the right to engage an independent expert to review and report on Borrower’s compliance with Borrower’s obligations under this Deed of Trust to maintain the Property, comply with Law and refrain from waste, impairment or deterioration of the Property and the alteration, demolition or removal of any of the Property except as may be permitted by the provisions of this Deed of Trust. If the independent expert’s report discloses material failure to comply with such obligations or if Lender engages the independent expert after the occurrence of an Event of Default, then the independent expert’s review and report will be at Borrower’s expense, payable on demand.

Appears in 1 contract

Samples: Security Agreement (Glimcher Realty Trust)

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Inspection of the Property. Subject to the rights of tenants under the Leases, Lender, or its agent or independent expert, has the right to enter and inspect the Property on reasonable prior notice, except during the existence of an Event of Default, when no prior notice is necessary. Lender Xxxxxx has the right to engage an independent expert to review and report on BorrowerXxxxxxxx’s compliance with BorrowerXxxxxxxx’s obligations under this Deed of Trust Mortgage to maintain the Property, comply with Law and refrain from waste, impairment or deterioration of the Property and the alteration, demolition or removal of any of the Property except as may be permitted by the provisions of this Deed of TrustMortgage. If the independent expert’s report discloses material failure to comply with such obligations or if Lender engages the independent expert after the occurrence of an Event of Default, then the independent expert’s review and report will be at Borrower’s expense, payable on demanddemand (otherwise the cost of such independent expert’s review and report shall be at Lender’s or its designated agent’s expense).

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (New England Realty Associates Limited Partnership)

Inspection of the Property. Subject to the rights of ------------ -------------------------- tenants under the LeasesLeases (and subtenants under Subleases), Lender, or its agent or independent expert, Lender has the right to enter and inspect the Property Land and Improvements on reasonable prior notice, except during in the existence case of an Event of Defaultemergency, when no prior notice is necessary. Lender has the right to engage an independent expert to review and report on Borrower’s 's compliance with Borrower’s 's obligations under this Deed of Trust Mortgage to maintain the Property, comply with Law and refrain from waste, impairment or deterioration of the Property and the alteration, demolition or removal of any of the Property except as may be permitted by the provisions of this Deed of TrustMortgage. If the independent expert’s 's report discloses material failure to comply with such obligations or if Lender engages the independent expert after the occurrence of an Event of Default, then the independent expert’s 's review and report will be at Borrower’s 's expense, payable on demand.

Appears in 1 contract

Samples: Security Agreement and Fixture (Cabot Industrial Trust)

Inspection of the Property. Subject to the rights of tenants under the Leases, Lender, or its agent or independent expert, has the right to enter and inspect the Property on reasonable prior notice, except during the existence of an Event of Default, when no prior notice is necessary. Lender has the right to engage an independent expert to review and report on Borrower’s compliance with Borrower’s obligations under this Deed of Trust Loan Agreement to maintain the Property, comply with Law and refrain from intentional waste, impairment or deterioration of the Property and the material alteration, demolition or removal of any of the Property except as may be permitted by the provisions of this Deed of TrustLoan Agreement. If the independent expert’s report discloses material failure to comply with such obligations or if Lender engages the independent expert after the occurrence of an Event of Default, then the independent expert’s review and report will be at Borrower’s expense, payable on demand.

Appears in 1 contract

Samples: Loan Agreement (Industrial Property Trust Inc.)

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Inspection of the Property. Subject to the rights of tenants under the Leases, Lender, or its agent or independent expert, has the right to enter and inspect the Property on reasonable prior notice, except during the existence of an Event of Default, when no prior notice is necessary. Lender has the right to engage an independent expert to review and report on Borrower’s compliance with Borrower’s obligations under this Deed of Trust Mortgage to maintain the Property, comply with Law and refrain from waste, impairment or deterioration of the Property and the alteration, demolition or removal of any of the Property except as may be permitted by the provisions of this Deed of TrustMortgage. If the independent expert’s report discloses material failure to comply with such obligations or if Lender engages the independent expert after the occurrence of an Event of Default, then the independent expert’s review and report will be at Borrower’s expense, payable on demand.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust)

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