Common use of Inspection by Mortgagee Clause in Contracts

Inspection by Mortgagee. Upon reasonable prior notice to Mortgagor (and with respect to any Lease, subject to any restrictions or prohibitions set forth in such Lease), Mortgagee, its employees and agents, may from time to time (whether before or after the commencement of a foreclosure proceeding), enter and inspect the Property for the purpose of determining the existence, location, nature and magnitude of any past or present release or threatened release of any Hazardous Materials into, onto, beneath or from the Property.

Appears in 2 contracts

Samples: Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (Cole Credit Property Trust III, Inc.)

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Inspection by Mortgagee. Upon reasonable prior notice to Mortgagor (and with respect to any Lease, subject to any restrictions or prohibitions set forth in such Lease)Mortgagor, Mortgagee, its employees and agents, may from time to time (whether before or after the commencement of a nonjudicial or judicial foreclosure proceeding), ) enter and inspect the Mortgaged Property for the purpose of determining the existence, location, nature and magnitude of any past or present release or threatened release of any Hazardous Materials into, onto, beneath or from the Mortgaged Property.

Appears in 1 contract

Samples: Modification of Mortgage (Grubb & Ellis Healthcare REIT II, Inc.)

Inspection by Mortgagee. Upon reasonable prior notice to Mortgagor (and with respect to any Lease, subject to any restrictions or prohibitions set forth in such Lease)Mortgagor, Mortgagee, its employees and agents, may from time to time (whether before or after the commencement of a nonjudicial or judicial foreclosure proceeding), enter and inspect the Property for the purpose of determining the existence, location, nature and magnitude of any past or present release or threatened release of any Hazardous Materials into, onto, beneath or from the Property.

Appears in 1 contract

Samples: Mortgage and Security Agreement (KBS Real Estate Investment Trust, Inc.)

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Inspection by Mortgagee. Upon reasonable prior notice to Mortgagor (and with respect to any Lease, subject to any restrictions or prohibitions set forth in such Lease)Operating Tenant, Mortgagee, its employees and agents, may from time to time (whether before or after the commencement of a nonjudicial or judicial foreclosure proceeding), enter and inspect the Property for the purpose of determining the existence, location, nature and magnitude of any past or present release or threatened release of any Hazardous Materials into, onto, beneath or from the Property.

Appears in 1 contract

Samples: Leasehold Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (And Fixture Filing) (Lasalle Hotel Properties)

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