Inspection and Examination. 6.1 Purchaser shall have until September 15, 1996 (hereinafter referred to as the "Inspection Period"), during which time, Purchaser, or Purchaser's authorized agent or representative, shall be entitled to enter upon the Property for the purpose of inspecting, examining and making tests upon the Property. If Purchaser, in Purchaser's sole discretion, is dissatisfied with the results of Purchaser's inspection of the Property, Purchaser may, by written notice delivered to Seller prior to the expiration of the Inspection Period, terminate this Contract in which event the Earnest Money Deposit xxxxx be returned to Purchaser on demand, and neither Seller nor Purchaser shall have any further obligations hereunder. If Purchaser does not terminate this Contract by delivery of such written notice prior to the expiration of the Inspection Period, Purchaser shall be conclusively deemed to have accepted the Property in its present condition.
6.2 Purchaser shall have the right to obtain an updated Environmental Report. In the event such Environmental Report is not acceptable to Purchaser, in Purchaser's reasonable discretion, Purchaser shall have the right to terminate the Contract prior to the expiration of the Inspection Period and receive a full refund of the Earnest Money Deposit. Xxxxhaser agrees to commission this study within fifteen (15) days from the Effective Date.
6.3 To facilitate Purchaser's inspection of the Property, Seller shall provide to Purchaser, at Seller's sole expense, within five (5) days from the Effective Date, the following:
(a) Access to obtain copies of all tenant leases, at Purchaser's expense, and a Rent Roll, herein so called, for the Property, prepared as of the first day of the month in which this Contract is executed. Additionally, Seller will provide Purchaser access to Seller's records regarding expense and income in order to enable Purchaser to complete an audit of such records;
(b) True copies of the most recent tax statements (both real estate and personal property taxes) on the Property;
(c) An accurate schedule (the "Operating Schedule" ) reflecting, with respect to the Property for the twelve (12) month period preceding the month of execution of this Contract (i) all operating expenses and capital expenditures of the Property (ii) the aggregate rent collected from tenants of the Property during such period;
(d) A true and complete inventory of all furnishings, fixtures, equipment and other personal property located upon and/or...
Inspection and Examination. 11.1 The Company will for a period of two years commencing on Acceptance of the Development Work retain all receipts and vouchers for all expenditure incurred in respect of the Development Work for inspection by the BBC at any time during business hours (on reasonable notice).
11.2 The BBC may inspect and examine the Company’s books and records and all other documents relating to the Development Work. Such inspection shall be made on reasonable prior notice and during normal business hours on a date or dates to be agreed between the parties.
Inspection and Examination. From the date hereof until Closing, Buyer and Buyer’s Agents will be given the right to (i) perform non-invasive physical tests (except that, upon Seller’s prior written consent, which consent may be withheld in Seller’s sole and absolute discretion, Buyer may perform minor intrusive testing to determine the presence of asbestos-containing materials, termites and other wood destroying insects, provided that all damage resulting therefrom is promptly repaired by Buyer at its sole expense (the “Repair Obligation”)) and (ii) conduct any and all necessary engineering, environmental and other inspections at the Property and examine and evaluate the Review Materials and all other relevant agreements and documents within the possession of Seller or subject to its control, as Buyer may reasonably request. No soil and/or ground water sampling shall be performed unless and until the location, scope and methodology of such sampling and the environmental consultant selected by Buyer to perform such sampling have all been approved by Seller. Prior to conducting any such sampling, Buyer shall have a utility xxxx-out performed for the Property. Copies of all environmental and engineering reports prepared by or on behalf of Buyer with respect to the Property shall be provided promptly to Seller upon request (the “Report Obligation”); provided that Buyer shall have no liability with respect to the accuracy, contents or completeness thereof and, further, Buyer shall not be obligated to provide Seller with Buyer’s or Buyer’s attorneys’ internal analysis or work product. With respect to Buyer’s right to inspect the Property, Buyer agrees that (i) Seller shall receive at least twenty-four (24) hours’ prior written notice of each inspection, (ii) each inspection shall be performed during normal business hours or at such other times as Seller and Buyer shall mutually agree and shall be subject to any special limitations on access to certain areas of the Property arising under the Lease, (iii) Buyer and Buyer’s Agents shall not unreasonably interfere with the Tenant, subtenants, guests, employees, occupants of the Property and the operation thereof, (iv) Buyer and Buyer’s Agents shall fully comply with all applicable Laws and Regulations (hereinafter defined) of all governmental authorities having jurisdiction with respect to Buyer’s investigations on the Property and all its other activities undertaken in connection therewith; and (v) Buyer shall not permit any mechanics’ liens ...
Inspection and Examination. Upon reasonable request of Lender, each Credit Party shall permit during regular business hours any person designated by Lender to inspect and examine such Credit Party's financial books and records, its minute books and other business memoranda and writings; provided, however, that so long as no Event of Default has occurred and is then continuing Borrower may condition Lender's (or its designee's) access to any Credit Party's business memoranda and writings (other than its financial books and records) on Lender's (or such designee's) entering into a suitable written confidentiality agreement. Each Credit Party shall make available its officers and employees to Lender to discuss the financial affairs of such Credit Party at such reasonable times and intervals as Lender may request, and each Credit Party shall promptly confirm or furnish in reasonable detail whatever information relative to such Credit Party as Lender's authorized representative, auditor or counsel may reasonably request.
Inspection and Examination. Borrower will permit representatives and agents of PTR to enter each Property owned by such Borrower at all reasonable times to inspect the progress of the construction of the subject Improvements and all materials to be used therein and to examine all detailed plans and shop drawings which are or may be kept at the construction site, and such Borrower will use reasonable efforts to cause the Contractor and all Subcontractors to cooperate with PTR or its representatives in such inspections or examinations. Homestead and each other Borrower shall also permit representatives and agents of PTR to examine their respective books, records and accounting data applicable to the Loans and the subject Projects (and to make extracts therefrom or copies thereof) and, to the extent Homestead or such Borrower has such right, all Contractor's and Subcontractors' books, records and accounting data applicable to the subject Project.
Inspection and Examination. Borrower will permit representatives and agents of Atlantic to enter each Property owned by such Borrower at all reasonable times to inspect the progress of the construction of the subject Improvements and all materials to be used therein and to examine all detailed plans and shop drawings which are or may be kept at the construction site, and such Borrower will use reasonable efforts to cause the Contractor and all Subcontractors to cooperate with Atlantic or its representatives in such inspections or examinations. Homestead and each other Borrower shall also permit representatives and agents of Atlantic to examine their respective books, records and accounting data applicable to the Loans and the subject Projects (and to make extracts therefrom or copies thereof) and, to the extent Homestead or such Borrower has such right, all Contractor's and Subcontractors' books, records and accounting data applicable to the subject Project.
Inspection and Examination. At all times during normal business hours, Secured Party shall have the right to: (a) visit and inspect the Grantor properties and the Collateral; and (b) inspect, audit and make extracts from the Grantor relevant books and records relating to the Collateral. The Grantor will deliver to Secured Party any instrument necessary for Secured Party to obtain records from any service bureau maintaining records for the Grantor.
Inspection and Examination. At such reasonable times and intervals on reasonable advance notice to the Company, the Majority Purchasers shall have the right to: (a) visit and inspect the Company’s properties and the Collateral; and (b) inspect, audit and make extracts from the Company’s relevant books and records relating to the Collateral; provided that such inspections shall not occur more than once per calendar year unless an Event of Default shall have occurred and be continuing. The Company will execute and deliver to the Investors any instrument necessary for the Investors to obtain records from any service bureau maintaining records for the Company. Notwithstanding the foregoing, the Company shall not disclose material nonpublic information or provide access to material nonpublic information to any of the Investors, unless prior to disclosing or providing access to such information the Company identifies such information as being material nonpublic information and provides the Investor with the opportunity to accept or refuse to accept such material nonpublic information and the Investor electing to receive such material nonpublic information shall enter into an appropriate confidentiality agreement with the Company with respect thereto.
Inspection and Examination. Lessor and any insurance company or companies insuring or financing the Aircraft ("Interested Parties") are given the right and privilege, from time to time, to inspect the leased property, and to examine the books and records relating thereto, on the premises of Lessee, or wherever located, if, in the sole judgment of the Interested Parties, the inspection is deemed necessary.
Inspection and Examination. At all times during normal business hours, the Collateral Agent shall have the right to (a) visit and inspect the Company's properties and the Collateral and (b) inspect, audit and make extracts from the Company's relevant books and records relating to the Collateral. The Company will deliver to the Collateral Agent any instrument necessary for the Collateral Agent to obtain records from any service bureau maintaining records for the Company.
