Access to Records; Discussions With Officers and Accountants. To the extent permitted by law and in addition to the applicable requirements of the Security Instruments, Borrower shall permit Lender to: (a) inspect, make copies and abstracts of, and have reviewed or audited, such of Borrower’s books and records as may relate to the Obligations or any Mortgaged Property; (b) at any time discuss Borrower’s affairs, finances and accounts with Borrower’s senior management or property managers and independent public accountants; after an Event of Default, discuss Borrower’s affairs, finances and account with Guarantor’s officers, partners and employees; (c) discuss the Mortgaged Properties’ conditions, operations or maintenance with the managers of such Mortgaged Properties, the officers and employees of Borrower and/or the Guarantor; and (d) receive any other information that Lender reasonably deems necessary or relevant in connection with any Advance, any Loan Document or the Obligations from the officers and employees of such Borrower or third parties. Notwithstanding the foregoing, prior to an Event of Default or Potential Event of Default and in the absence of an emergency, all inspections shall be conducted at reasonable times during normal business hours upon reasonable notice to Borrower.
Appears in 4 contracts
Samples: Master Credit Facility Agreement (Camden Property Trust), Master Credit Facility Agreement (Education Realty Trust, Inc.), Master Credit Facility Agreement (Camden Property Trust)
Access to Records; Discussions With Officers and Accountants. To the extent permitted by law and in addition to the applicable requirements of the Security Instruments, Borrower shall permit Lender to:
(a) inspect, make copies and abstracts of, and have reviewed or audited, such of Borrower’s books and records as may relate to the Obligations or any Mortgaged Property;
(b) at any time discuss Borrower’s affairs, finances and accounts with Borrower’s senior management or property managers and independent public accountants; after an Event of Default, discuss Borrower’s affairs, finances and account with Guarantor’s officers, partners and employees;
(c) discuss the Mortgaged Properties’ conditions, operations or maintenance with the managers of such Mortgaged Properties, the officers and employees of Borrower and/or the Guarantor; and
(d) receive any other information that Lender reasonably deems necessary or relevant in connection with any Advancethe Term Loan, any Loan Document or the Obligations from the officers and employees of such Borrower or third parties. Notwithstanding the foregoing, prior to an Event of Default or Potential Event of Default and in the absence of an emergency, all inspections shall be conducted at reasonable times during normal business hours upon reasonable notice to Borrower.
Appears in 2 contracts
Samples: Master Credit Facility Agreement (Camden Property Trust), Master Credit Facility Agreement (Camden Property Trust)
Access to Records; Discussions With Officers and Accountants. To the extent permitted by law and in addition to the applicable requirements of the Security Instruments, the Borrower shall permit Lender tothe Lender:
(a) to inspect, make copies and abstracts of, and have reviewed or audited, such of the Borrower’s books and records as may relate to the Obligations or any Mortgaged Property;
(b) at any time to discuss the Borrower’s affairs, finances and accounts with the Borrower’s senior management or property managers and independent public accountants; after an Event of Default, discuss Borrower’s affairs, finances and account with Guarantor’s officers, partners and employees;
(c) to discuss the Mortgaged Mortgage Properties’ conditions, operations or maintenance with the managers of such Mortgaged Properties, Properties and the officers and employees of Borrower and/or the GuarantorBorrower;
(d) to discuss the Borrower’s affairs, finances and accounts with its independent public accountants; and
(de) to receive any other information that the Lender deems reasonably deems necessary or relevant in connection with any Advance, any Loan Document or the Obligations from the officers and employees of such Borrower or third partiesObligations. Notwithstanding the foregoing, prior to an Event of Default or Potential Event of Default and in the absence of an emergency, all inspections shall be conducted at reasonable times during normal business hours upon reasonable notice to the Borrower.
Appears in 2 contracts
Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Mid America Apartment Communities Inc)
Access to Records; Discussions With Officers and Accountants. To the extent permitted by law and in addition to the applicable requirements of the Security Instruments, Borrower shall permit Lender to:
(a) inspect, make copies and abstracts of, and have reviewed or audited, such of Borrower’s or Guarantor’s books and records as may relate to the Obligations or any Mortgaged Property;
(b) at any time discuss Borrower’s affairs, finances and accounts with Borrower’s senior management any Proper Officer or property managers and independent public accountants; after an Event any other person performing the functions of Default, the Proper Officers;
(c) discuss Borrower’s affairs, finances and account accounts with Guarantor’s officersits independent public accountants, partners and employeesprovided that a Proper Officer has been given the opportunity by Lender to be a party to such discussions;
(cd) discuss the Mortgaged Properties’ conditions, operations or maintenance with the managers Property Managers and/or asset manager of such Mortgaged Properties, Properties and the officers and employees of Borrower and/or the and Guarantor; andand Colonial/PNC ARCS — Master Credit Facility Agreement
(de) receive any other information that Lender deems reasonably deems necessary or relevant in connection with any Advance, any Loan Document or the Obligations from the officers of Borrower or Guarantor or officers and employees of such Borrower or third partiesProperty Manager. Notwithstanding the foregoing, prior to an Event of Default or Potential Event of Default and in the absence of an emergency, all inspections shall be conducted at reasonable times during normal business hours upon reasonable notice to Borrower.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Colonial Properties Trust)
Access to Records; Discussions With Officers and Accountants. To the extent permitted by law and in addition to the applicable requirements of the Security Instruments, Borrower shall permit Lender to:
(a) inspect, make copies and abstracts of, and have reviewed or audited, such of Borrower’s 's books and records as may relate to the Obligations or any Mortgaged Property;
(b) at any time before an Event of Default discuss Borrower’s 's affairs, finances and accounts with Borrower’s 's senior management or property managers and independent public accountants; after an Event of Default, discuss Borrower’s 's affairs, finances and account with Guarantor’s 's officers, partners and employees;
(c) discuss the Mortgaged Properties’ ' conditions, operations or maintenance with the managers of such Mortgaged Properties, Properties and the officers and employees of Borrower and/or the and Guarantor; and
(d) receive any other information that Lender deems reasonably deems necessary or relevant in connection with any Advance, any Loan Document or the Obligations from the officers and employees of such Borrower or third partiesObligations. Notwithstanding the foregoing, prior to an Event of Default or Potential Event of Default and in the absence of an emergency, all inspections shall be conducted at reasonable times during normal business hours upon reasonable notice to Borrower.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Bre Properties Inc /Md/)
Access to Records; Discussions With Officers and Accountants. To the extent permitted by law and in addition to the applicable requirements of the Security Instruments, Borrower shall permit Lender to:
(a) inspect, make copies and abstracts of, and have reviewed or audited, such of Borrower’s or Guarantor’s books and records as may relate to the Obligations or any Mortgaged Property;
(b) at any time discuss Borrower’s affairs, finances and accounts with Borrower’s senior management any Proper Officer or property managers and independent public accountants; after an Event any other person performing the functions of Default, the Proper Officers;
(c) discuss Borrower’s affairs, finances and account accounts with Guarantor’s officersits independent public accountants, partners and employees;provided that a Proper Officer has been given the opportunity by Lender to be a party to such discussions; Colonial/ Grandbridge — Master Credit Facility Agreement
(cd) discuss the Mortgaged Properties’ conditions, operations or maintenance with the managers Property Managers and/or asset manager of such Mortgaged Properties, Properties and the officers and employees of Borrower and/or the and Guarantor; and
(de) receive any other information that Lender deems reasonably deems necessary or relevant in connection with any Advance, any Loan Document or the Obligations from the officers of Borrower or Guarantor or officers and employees of such Borrower or third partiesProperty Manager. Notwithstanding the foregoing, prior to an Event of Default or Potential Event of Default and in the absence of an emergency, all inspections shall be conducted at reasonable times during normal business hours upon reasonable notice to Borrower.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Colonial Realty Limited Partnership)
Access to Records; Discussions With Officers and Accountants. To the extent permitted by law and in addition to the applicable requirements of the Security Instruments, Borrower shall permit Lender toLender:
(a) to inspect, make copies and abstracts of, and have reviewed or audited, such of Borrower’s books and records as may relate to the Obligations or any Mortgaged Property;
(b) at any time to discuss Borrower’s affairs, finances and accounts with Borrower’s senior management or property managers and independent public accountants; after an Event of Default, discuss Borrower’s affairs, finances and account with Guarantor’s officers, partners and employees;
(c) to discuss the Mortgaged Mortgage Properties’ conditions, operations or maintenance with the managers of such Mortgaged Properties, Properties and the officers and employees of Borrower and/or the GuarantorBorrower;
(d) to discuss Borrower’s affairs, finances and accounts with its independent public accountants; and
(de) to receive any other information that Lender deems reasonably deems necessary or relevant in connection with any Advance, any Loan Document or the Obligations from the officers and employees of such Borrower or third partiesObligations. Notwithstanding the foregoing, prior to an Event of Default or Potential Event of Default and in the absence of an emergency, all inspections shall be conducted at reasonable times during normal business hours upon reasonable notice to Borrower.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)
Access to Records; Discussions With Officers and Accountants. To the extent permitted by law and in addition to the applicable requirements of the Security Instruments, Borrower shall permit Lender to:
(a) inspect, make copies and abstracts of, and have reviewed or audited, such of Borrower’s books and records as may relate to the Obligations or any Mortgaged Property;
(b) at any time discuss Borrower’s affairs, finances and accounts with Borrower’s senior management or property managers and independent public accountants; after an Event of Default, discuss Borrower’s affairs, finances and account with Guarantor’s officers, partners and employees;
(c) discuss the Mortgaged Properties’ conditions, operations or maintenance with the managers of such Mortgaged Properties, Properties and the officers and employees of Borrower and/or the and Guarantor; and
(d) receive any other information that Lender reasonably deems necessary or relevant in connection with any Advance, any Loan Borrower Document or the Obligations from the officers and employees of such Borrower or third parties. Notwithstanding the foregoing, prior to an Event of Default or Potential Event of Default and in the absence of an emergency, all inspections shall be conducted at reasonable times during normal business hours upon reasonable notice to Borrower.
Appears in 1 contract
Samples: Master Credit Facility and Reimbursement Agreement (America First Apartment Investors Inc)