Common use of Access to Properties Clause in Contracts

Access to Properties. Borrower shall permit, subject to the rights of Tenants under Leases, agents, representatives and employees of Lender and the Servicer to enter and inspect the Properties or any portion thereof, and/or inspect, examine, audit and copy the books and records of Borrower to the extent relating to the Properties (including all recorded data of any kind or nature, regardless of the medium of recording), at such reasonable times so as not to disrupt the normal business operations of Borrower as may be requested by Lender upon reasonable advance notice allowing an opportunity for agents or representatives of Borrower to be present. If an Event of Default is continuing, the reasonable cost of such inspections, examinations, copying or audits shall be borne by Borrower, including the reasonable cost of all follow up or additional investigations, audits or inquiries deemed reasonably necessary by Lender. The cost of such inspections, examinations, audits and copying, if not paid for by Borrower within a reasonable time after presentment with documentation of expenses in reasonable detail following demand, may be added to the Indebtedness and shall bear interest thereafter until paid at the Default Rate.

Access to Properties. Borrower Borrowers shall permit, subject to the rights of Tenants tenants under Leases, agents, representatives and employees of Lender and the Servicer Agent to enter and inspect the Properties or any portion thereof, and/or inspect, examine, audit and copy the books and records of Borrower Borrowers to the extent relating to the Properties Properties, excluding data with respect to the retail operations of Borrowers (including all recorded data of any kind or nature, regardless of the medium of recording), at such reasonable times so as not to disrupt the normal business operations of Borrower Borrowers as may be requested by Lender Agent upon reasonable advance notice allowing an opportunity for agents or representatives of Borrower Borrowers to be present. If an Event of Default is continuing, the reasonable cost of such inspections, examinations, copying or audits shall be borne by BorrowerBorrowers, including the reasonable cost of all follow up or additional investigations, audits or inquiries deemed reasonably necessary by LenderAgent. The cost of such inspections, examinations, audits and copying, if not paid for by Borrower Borrowers within a reasonable time after presentment with documentation of expenses in reasonable detail following demand, may be added to the Indebtedness Term Loan and such amount shall bear interest thereafter until paid at the Default Ratebe considered overdue for purposes hereunder.