Common use of Audit/Inspections Clause in Contracts

Audit/Inspections. Borrower and each Borrower-Related Party shall permit Lender and its employees, representatives, auditors, inspectors, collateral verification agents, attorneys, accountants and agents (collectively, the “Lender Representatives”), at any time and from time to time, at Borrower’s expense, to (i) audit all books and records related to Borrower, each Borrower-Related Party and the Collateral, (ii) visit and inspect the offices of Borrower and each Borrower-Related party and to inspect and make copies of all books and records, and to copy and record any information the Lender Representatives obtain, and (iii) visit and inspect the Property. Borrower and each Borrower-Related Party agree to cooperate fully with Lender in connection with such audits and inspections.

Appears in 6 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement (United Development Funding Income Fund V)

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Audit/Inspections. Borrower and each Borrower-Related Party shall permit Lender and its employees, representatives, auditors, inspectors, collateral verification agents, attorneys, accountants and agents (collectively, the “Lender Representatives”), at any time and from time to time, at Borrower’s expense, to (i) audit all books and records related to Borrower, each Borrower-Related Party and the Collateral, (ii) visit and inspect the offices of Borrower and each Borrower-Related party and to inspect and make copies of all books and records, and to copy and record any information the Lender Representatives obtain, and (iii) visit and inspect the Property. Borrower and each Borrower-Related Party agree to cooperate fully with Lender in connection with such audits and inspections.. Loan Agreement – Sxxxxxxx Xxxxxx 0X, Xxxx Xxxx Xxxxxx, Xxxxx 00

Appears in 1 contract

Samples: Loan Agreement (United Development Funding Income Fund V)

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Audit/Inspections. Borrower and each Borrower-Related Party shall permit Lender and its employees, representatives, auditors, inspectors, collateral verification agents, attorneys, accountants and agents (collectively, the “Lender Representatives”), at any time and from time to time, at Borrower’s expense, to (i) audit all books and records related to Borrower, each Borrower-Related Party and the Collateral, (ii) visit and inspect the offices of Borrower and each Borrower-Related party and to inspect and make copies of all books and records, and to copy and record any information the Lender Representatives obtain, and (iii) visit and inspect the Property. Borrower and each Borrower-Related Party agree agrees to cooperate fully with Lender in connection with such audits and inspections.

Appears in 1 contract

Samples: Loan Agreement (United Development Funding IV)

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