Common use of Annual Inspections Clause in Contracts

Annual Inspections. During each year of the Term after the first anniversary of the Commencement Date, Lessor shall have the right to inspect the Leased Property and all systems contained therein at any reasonable time to determine Lessee’s compliance with its obligations under this Lease, including those obligations set forth in Article VII herein. Lessee shall be responsible for the costs of such inspections, which costs shall not exceed on an annual basis the sum of $2,000.00.

Appears in 2 contracts

Samples: Assignment and Assumption of Lease (Global Medical REIT Inc.), Assignment and Assumption of Lease (Global Medical REIT Inc.)

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Annual Inspections. During each year of the Term after the first anniversary of the Commencement Date, Lessor and its agents shall have the right to inspect the Leased Property and all systems contained therein at any reasonable time to determine Lessee’s 's compliance with its obligations under this Lease, including those obligations set forth in Article VII hereinand this Article VIII. Lessee shall be responsible for the costs of such inspections, which costs shall not exceed on an annual basis the sum of $2,000.001,500.00.

Appears in 2 contracts

Samples: Lease Agreement (Ramsay Health Care Inc), Lease Agreement (Ramsay Health Care Inc)

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Annual Inspections. During each year of the Term after the first anniversary of the Commencement Date, Lessor Lessor, at its sole cost and expense, shall have the right to inspect the Leased Property and all systems contained therein at any reasonable time to determine Lessee’s compliance with its obligations under this Lease, including those obligations set forth in Article VII 7 herein. Lessee shall be responsible for the costs of such inspections, which costs shall not exceed on an annual basis the sum of $2,000.00.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Global Medical REIT Inc.)

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