Common use of Inspection of the Collateral and Appraisal Clause in Contracts

Inspection of the Collateral and Appraisal. At all times during the term of the Credit Facility, Borrower shall provide or cause to be provided to Banks and any authorized representatives of Banks, accompanied by representatives of Borrower, the reasonable right of entry and free access to the Real Property to inspect same on reasonable prior notice to Borrower. If at any time any Qualified Appraisal of the Hotel/Casino Facility is required to be made by any banking regulatory authority or determined to be necessary by Agent Bank or Requisite Lenders after the occurrence of an Event of Default, Borrower agrees to pay all fees, costs and expenses incurred by Agent Bank in connection with the preparation of such Qualified Appraisal. Borrower shall not be obligated to pay for more than one of such Qualified Appraisals during any Fiscal Year.

Inspection of the Collateral and Appraisal. At all times during the term of the Credit FacilityBank Facilities, Borrower shall provide or cause to be provided to Banks and any authorized representatives of Banks, accompanied by representatives of Borrower, the reasonable right of entry and free access to the Real Property Collateral Properties to inspect same on reasonable prior notice to Borrower. If at any time any Qualified Appraisal of the Hotel/Casino Facility Collateral Properties is required to be made by any banking regulatory authority or determined to be necessary by Agent Bank or Requisite Lenders after the occurrence of an Event of Default, Borrower agrees to pay all fees, costs and expenses incurred by Agent Bank in connection with the preparation of such Qualified Appraisal. Borrower shall not be obligated to pay for more than one of such Qualified Appraisals during any Fiscal Year.