Fees Charged by Lender. Lender may charge the Borrower each of the following fees: (i) The Inspection Fee for any inspection required pursuant to this Section 4.03. (ii) The Extension/Modification Fee for any extension of the Completion Date or expansion of the scope of Repairs that is requested by Borrower and agreed to by Lender. (iii) If Lender, in Lender’s Discretion, retains a professional inspection engineer or other qualified third party to inspect any Repairs pursuant to the terms of Section 6.06, an amount sufficient to pay all reasonable fees and expenses charged by such third party inspector. Borrower will pay the amount of such item to Lender immediately after Notice from Lender to Borrower of such charge.
Appears in 4 contracts
Samples: Multifamily Loan and Security Agreement (Preferred Apartment Communities Inc), Multifamily Loan and Security Agreement (Preferred Apartment Communities Inc), Multifamily Loan and Security Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
