Common use of Inspections; Appraisals Clause in Contracts

Inspections; Appraisals. Permit Agent from time to time, subject (except when a Default or Event of Default exists) to reasonable notice and during normal business hours, to visit and inspect the Properties of any Guarantor, inspect, audit and make extracts from any Guarantor’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Guarantor’s business, financial condition, assets, prospects and results of operations. Lenders may participate in any such visit or inspection, at their own expense. Neither Agent nor any Lender shall have any duty to any Guarantor to make any inspection, nor to share any results of any inspection, appraisal or report with any Guarantor. Guarantors acknowledge that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Guarantors shall not be entitled to rely upon them.

Inspections; Appraisals. Permit Agent from time to time, subject (except when a Default or Event of Default exists) to reasonable notice and during normal business hours, to visit and inspect the Properties of any Guarantor, inspect, audit and make extracts from any Guarantor’s books and records, and discuss with its officers, employees, agents, advisors and independent accountants such Guarantor’s or its Subsidiary’s business, financial condition, assets, prospects and results of operations. Lenders may participate in any such visit or inspection, at their own expense. Neither Agent nor any Lender shall have any duty to Guarantor or any Guarantor other Obligated Party or other obligor to make any inspection, nor to share any results of any inspection, appraisal or report with Guarantor or any Guarantorother Obligated Party or other obligor. Guarantors acknowledge Guarantor acknowledges that all inspections, appraisals and reports are prepared by Agent and Lenders for their purposes, and Guarantors Guarantor shall not be entitled to rely upon them.