Lender Inspections. Lender, or any of its Agents or Representatives, shall have the right to reasonably inspect the Mortgaged Property upon reasonable notice. Should the Mortgaged Property, or any part thereof, require repair, care or attention, then, after written notice as provided herein (Paragraph 16) to Borrower, and Borrower's failure to so perform, Lender may enter or cause entry to be made upon the Mortgaged Property and repair, protect and maintain the property as Lender may deem necessary. Any and all money that Xxxxxx must pay to accomplish the proper maintenance on the mortgaged property shall become due and payable under the provision of Paragraph 10.
Appears in 2 contracts
Samples: Funding Agreement, Purchase and Sale Agreement
Lender Inspections. Lender, or any of its Agents or Representatives, shall have the right to reasonably inspect the Mortgaged Property upon reasonable notice, which shall not be less than three (3) business days. Should the Mortgaged Property, or any part thereof, require repair, care or attention, then, after written notice as provided herein (Paragraph 16) to Borrower, and Borrower's ’s failure to so perform, Lender may enter or cause entry to be made upon the Mortgaged Property and repair, protect and maintain the property as Lender may deem necessary. Any and all money that Xxxxxx must pay to accomplish the proper maintenance on the mortgaged property shall become due and payable under the provision of Paragraph 10.
Appears in 1 contract
Samples: Ship Funding Agreement
Lender Inspections. Lender, or any of its Agents or Representatives, shall have the right to reasonably inspect the Mortgaged Property upon reasonable notice. Should the Mortgaged Property, or any part thereof, require repair, care or attention, then, after written notice as provided herein (Paragraph 16) to Borrower, the Borrower (and Borrower's ’s failure to so perform), the Lender may enter or cause entry to be made upon the Mortgaged Property and repair, protect and maintain the property as the Lender may deem necessary. Any and all money that Xxxxxx the Lender must pay to accomplish the proper maintenance on the mortgaged property Mortgaged Property shall become due and payable under the provision of Paragraph 10.
Appears in 1 contract
Samples: Funding Agreement