Common use of Lender's Inspection Clause in Contracts

Lender's Inspection. Lender shall engage the Engineer/Inspector, at Borrower’s sole cost and expense, to review each Request for Funds and make an examination of the Development for the benefit of Lender prior to Lender making any advance. Regardless of inspections by the Engineer/Inspector or Lender’s representatives, Lender shall have no responsibility, obligation or liability to Borrower or any other individual or entity based on, arising from or relating to any such inspections, and Borrower shall at all times have exclusive control over work on the Development and sole responsibility for compliance with all governmental, quasi-governmental and private laws, ordinances, rules, regulations, codes, covenants, restrictions, easements and other matters which control, burden, apply to or otherwise affect the Mortgaged Property and/or the Development.

Lender's Inspection. Lender shall engage the Engineer/Inspector, at Borrower’s sole cost and expense, to review each Request for Funds and make an examination of the Development Project for the benefit of Lender prior to Lender making any advance. Regardless of inspections by the Engineer/Inspector or Lender’s representatives, Lender shall have no responsibility, obligation or liability to Borrower or any other individual or entity based on, arising from or relating to any such inspections, and Borrower shall at all times have exclusive control over work on the Development Project and sole responsibility for compliance with all governmental, quasi-governmental and private laws, ordinances, rules, regulations, codes, covenants, restrictions, easements and other matters which control, burden, apply to or otherwise affect the Mortgaged Property and/or the DevelopmentProject.