Common use of Inspection of the Property Clause in Contracts

Inspection of the Property. Mortgagor shall keep adequate records, accounts and books in accordance with GAAP and shall permit Mortgagee and its authorized representatives to enter the Facility and inspect the Mortgaged Property and examine the records, accounts and books of Mortgagor with respect thereto and make copies or extracts thereof, at Mortgagee's cost and expense, all upon reasonable advance notice and at such reasonable times as may be requested by Mortgagee, subject, however, to the rights of the tenants or occupants of the Facility. Notwithstanding the foregoing, after the occurrence and continuation of an Event of Default, Mortgagor shall pay any costs and expenses incurred by Mortgagee to examine Mortgagor's records, and accounts relating to the Mortgaged Property as Mortgagee shall determine to be necessary or appropriate in the protection of Mortgagee's interest.

Appears in 1 contract

Samples: Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Glimcher Realty Trust)

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Inspection of the Property. The Mortgagor shall keep adequate records, accounts and books in accordance with GAAP and shall permit the Mortgagee and its authorized representatives to enter the Facility and inspect the Mortgaged Property Estate and examine the records, accounts and books of the Mortgagor with respect thereto and make copies or extracts thereof, at Mortgagee's cost and expense, all upon reasonable advance notice and at such reasonable times as may be requested by the Mortgagee, subject, however, to the rights of the tenants or occupants of the Facility. Notwithstanding the foregoing, after the occurrence and continuation of an Event of Default, Mortgagor shall pay any costs and expenses incurred by Mortgagee to examine Mortgagor's records, and accounts relating to the Mortgaged Property Estate as Mortgagee shall determine to be necessary or appropriate in the protection of Mortgagee's interest.

Appears in 1 contract

Samples: Leasehold Mortgage (Mark Centers Trust)

Inspection of the Property. The Mortgagor shall keep -------------------------- adequate records, accounts and books in accordance with GAAP and shall permit the Mortgagee and its authorized representatives to enter the Facility and inspect the Mortgaged Property Estate and examine the records, accounts and books of the Mortgagor with respect thereto and make copies or extracts thereof, at Mortgagee's cost and expense, all upon reasonable advance notice and at such reasonable times as may be requested by the Mortgagee, subject, however, to the rights of the tenants or occupants of the Facility. Notwithstanding the foregoing, after the occurrence and continuation of an Event of Default, Mortgagor shall pay any costs and expenses incurred by Mortgagee to examine MortgagorXxxxxxxxx's records, and accounts relating to the Mortgaged Property Estate as Mortgagee shall determine to be necessary or appropriate in the protection of Mortgagee's interest.

Appears in 1 contract

Samples: Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (G&l Realty Corp)

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Inspection of the Property. Mortgagor shall keep adequate records, accounts and books in accordance with GAAP and shall permit Mortgagee and its authorized representatives to enter the Facility and inspect the Mortgaged Property and examine the records, accounts and books of Mortgagor with respect thereto and make copies or extracts thereof, at Mortgagee's cost costs and expense, all upon reasonable advance notice and at such reasonable times as may be requested by Mortgagee, subject, however, to the rights of the tenants or occupants of the Facility. Notwithstanding the foregoing, after the occurrence and continuation of an Event of Default, Mortgagor shall pay any costs and expenses incurred by Mortgagee to examine Mortgagor's records, and accounts relating to the Mortgaged Property as Mortgagee xx Xxxxxagee shall determine to be necessary or appropriate in the protection of Mortgagee's interest.

Appears in 1 contract

Samples: Open End Mortgage (Glimcher Realty Trust)

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