Common use of Inspection by Lender Clause in Contracts

Inspection by Lender. Borrower will cooperate with Lender in ---------------------- arranging for inspections by representatives of Lender of the progress of the Construction from time to time including an examination of (i) the Improvements, (ii) all materials to be used in the Construction, (iii) all plans and shop drawings which are or may be kept at the construction site, (iv) any contracts, bills of sale, statements, receipts or vouchers in connection with the Improvements, (v) all work done, labor performed, materials furnished in and about the Improvements, (vi) all books, contracts and records with respect to the Improvements, and (vii) any other documents relating to the Improvements or the Construction. Borrower shall cooperate with Lender's Consultant to enable him to perform his functions hereunder. Borrower shall, upon Lender's or Lender's Consultant's request, correct any defect in the Construction or any failure of the Construction to comply with the Plans and Specifications.

Appears in 1 contract

Samples: Construction Loan Agreement (American Leisure Holdings, Inc.)

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Inspection by Lender. Borrower will cooperate with Lender in ---------------------- arranging for inspections by representatives of Lender of the progress of the Construction from time to time including an examination of of: (i) the Improvements, ; (ii) all materials to be used in the Construction, ; (iii) all plans and shop drawings which are or may be kept at the construction site, ; (iv) any contracts, bills of sale, statements, receipts or vouchers in connection with the Improvements, ; (v) all work done, labor performed, materials furnished in and about the Improvements, ; (vi) all books, contracts and records with respect to the Improvements, ; and (vii) any other documents relating to the Improvements or the Construction. Borrower shall reasonably cooperate with Lender's ’s Consultant to enable him to perform his functions hereunder. Borrower shall, upon Lender's ’s or Lender's ’s Consultant's ’s reasonable request, correct any defect in the Construction or any failure of the Construction to comply with the Plans and Specifications.

Appears in 1 contract

Samples: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.)

Inspection by Lender. Borrower will cooperate with Lender in ---------------------- arranging for inspections by representatives of Lender of the progress of the Construction from time to time including an examination of (i) the Improvements, (ii) all materials to be used in the Construction, (iii) all plans and shop drawings which are or may be kept at the construction site, (iv) any contracts, bills of sale, statements, receipts or vouchers in connection with the Improvements, (v) all work done, labor performed, materials furnished in and about the Improvements, (vi) all books, contracts and records with respect to the Improvements, and (vii) any other documents relating to the Improvements or the Construction. Borrower shall cooperate with Lender's Consultant to enable him to perform his functions hereunder. Borrower shall, upon hereunder and will promptly comply with Lender's or Lender's Consultant's request, correct requirements and remove any defect in dissatisfaction regarding the Construction or any failure of the Construction to comply with Improvements or the Plans and Specificationsprogress thereof.

Appears in 1 contract

Samples: Construction Loan Agreement (Medical Properties Trust Inc)

Inspection by Lender. Borrower will cooperate with Lender in ---------------------- arranging for inspections by representatives of Lender of the progress of the Construction from time to time including an examination of (i) the Improvements, (ii) all materials to be used in the Construction, (iii) all plans and shop drawings which are or may be kept at the construction site, (iv) any contracts, bills of sale, statements, receipts or vouchers in connection with the Improvements, (v) all work done, labor performed, materials furnished in and about the Improvements, (vi) all books, contracts and records with respect to the Improvements, and (vii) any other documents relating to the Improvements or the Construction. Borrower shall cooperate with Lender's ’s Consultant to enable him to perform his functions hereunder. Borrower shall, upon hereunder and will promptly comply with Lender's or Lender's Consultant's request, correct ’s requirements and remove any defect in the dissatisfaction regarding Construction or any failure of the Construction to comply with Improvements or the Plans and Specificationsprogress thereof.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

Inspection by Lender. Borrower will cooperate with Lender in ---------------------- arranging for inspections by representatives of Lender of the progress of the Construction from time to time including an examination of (i) the Improvements, (ii) all materials to be used in the Construction, (iii) all plans and shop drawings which are or may be kept at the construction sitedrawings, (iv) any contracts, bills of sale, statements, receipts or vouchers in connection with the Improvements, (v) all work done, labor performed, materials furnished in and about the Improvements, (vi) all books, contracts and records with respect to the Improvements, and (vii) any other documents relating to the Improvements or the Construction. Borrower shall cooperate with Lender's ’s Consultant to enable him to perform his functions hereunder. Borrower shall, upon Lender's ’s or Lender's ’s Consultant's ’s request, correct any defect in the Construction or any failure of the Construction to comply with the Plans and Specifications.

Appears in 1 contract

Samples: Development Loan Agreement (Wellsford Real Properties Inc)

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Inspection by Lender. Borrower will shall reasonably cooperate with Lender in ---------------------- arranging for inspections by representatives of Lender of the progress of the Construction from time to time including an examination of (i) the Improvements, (ii) all materials to be used in the Construction, (iii) all plans and shop drawings which that are or may be kept at the construction site, (iv) any contracts, bills of sale, statements, receipts or vouchers in connection with the Improvements, (v) all work done, labor performed, and materials furnished in and about the Improvements, (vi) all books, contracts and records with respect to the Improvements, and (vii) any other documents relating to the Improvements or the Construction. Borrower shall cooperate with Lender's Consultant to enable him to perform his functions hereunder. Borrower shall, upon hereunder and will promptly comply with Lender's or Lender's Consultant's request, correct requirements and remove any defect in regarding the Construction or any failure of the Construction to comply with Improvements or the Plans and Specificationsprogress thereof.

Appears in 1 contract

Samples: Construction Loan Agreement (Stratus Properties Inc)

Inspection by Lender. Borrower will shall reasonably cooperate with Lender in ---------------------- arranging for inspections by representatives of Lender of the progress of the Construction from time to time including an examination of (i) the Improvements, (ii) all materials to be used in the Construction, (iii) all plans and shop drawings which that are or may be kept at the construction site, (iv) any contracts, bills of sale, statements, receipts or vouchers in connection with the Improvements, (v) all work done, labor performed, and materials furnished in and about the Improvements, (vi) all books, contracts and records with respect to the Improvements, and (vii) any other documents relating to the Improvements or the Construction. Borrower shall cooperate with Lender's ’s Consultant to enable him to perform his functions hereunder. Borrower shall, upon hereunder and will promptly comply with Lender's or Lender's Consultant's request, correct ’s requirements and remove any defect in regarding the Construction or any failure of the Construction to comply with Improvements or the Plans and Specificationsprogress thereof.

Appears in 1 contract

Samples: Construction Loan Agreement (Stratus Properties Inc)

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