Common use of Duration; Scope of Inspections Clause in Contracts

Duration; Scope of Inspections. Buyer (and Buyer’s representatives, agents and consultants), will have a period commencing on the Effective Date and ending upon the later to occur of (i) the date that is sixty (60) days after the Effective Date; or (ii) the expiration of the Funding Milestone #2 Period (the "Inspection Period"), to inspect the Property. Buyer may continue with such inspections after the Inspection Period if Buyer has delivered its Approval Notice (as defined below). Without limiting the generality of the foregoing, but subject to the terms of this Section 7(c), (1) except as provided below, Seller will permit Buyer to examine, at all reasonable times, all books and records (including without limitation financial and operating statements) in Seller’s possession or control relating to the Property, (2) Buyer will have the right to (A) inspect the Land, Improvements, Appurtenant Rights, and Personal Property, (B) review the Leases, Contracts, Licenses, Intangibles and all Due Diligence Materials, (C) discuss the Property with, and obtain additional information from, tenants and any property manager, and (D) conduct geophysical feasibility tests of the Property and an environmental audit or audits of the Property (with copies of the reports relating to such audits delivered to Seller when completed), including sampling, and (3) Buyer will be given complete access to the Property for the purpose of making such tests, inspections, and investigations.

Duration; Scope of Inspections. Buyer (and Buyer’s representatives, agents and consultants), will have a period commencing on the Effective Date and ending upon the later to occur of (i) the date that is sixty (60) days after the Effective Date; or (ii) the expiration of the Funding Milestone #2 Period (the "Inspection Period"), to inspect the Property. Buyer may continue with such inspections after the Inspection Period if Buyer has delivered its Approval Notice (as defined below). Without limiting the generality of the foregoing, but subject to the terms of this Section 7(c), (1) except as provided below, Seller will permit Buyer to examine, at all reasonable times, all books and records (including without limitation financial and operating statements) in Seller’s possession or control relating to the Property, (2) Buyer will have the right to (A) inspect the Land, Improvements, Appurtenant Rights, and Personal Property, (B) review the Leases, Contracts, Licenses, Intangibles and all Due Diligence Materials, (C) discuss the Property with, and obtain additional information from, tenants and any property manager, and (D) conduct geophysical feasibility tests of the Property and an environmental audit or audits of the Property (with copies of the reports relating to such audits delivered to Seller when completed), including sampling, and (3) Buyer will be given complete access to the Property for the purpose of making such tests, inspections, and investigations.