Common use of Right of Inspection; Due Diligence Clause in Contracts

Right of Inspection; Due Diligence. Subject to the rights of Tenants under the Leases, Agent, Lenders and their respective agents or employees, may enter any Property at any time on reasonable advance notice (provided no advance notice shall be required after the occurrence of an Event of Default) for the purpose of (a) inspecting such Property or ascertaining Borrower’s compliance with the terms of any Loan Document, and (b) conducting periodic due diligence to assess the condition of the Collateral, Borrower and such Property.

Appears in 2 contracts

Samples: Loan Agreement (Red Lion Hotels CORP), Loan Agreement (Red Lion Hotels CORP)

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Right of Inspection; Due Diligence. Subject to the rights of Tenants under the Leases, Agent, Lenders and Lenders, their respective agents or employees, may enter any the Property at any time on reasonable advance notice (provided no advance notice shall be required after the occurrence of an Event of Default) for the purpose of (a) inspecting such the Property or ascertaining Borrower’s compliance with the terms of any Loan Document, and (b) conducting conduct periodic due diligence to assess the condition of the Collateral, Borrower and such the Property.

Appears in 1 contract

Samples: Loan Agreement

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Right of Inspection; Due Diligence. Subject to the rights of Tenants under the LeasesLender, Agentits agents, Lenders representatives, consultants and their respective agents or employees, may (a) enter any the Property at any time on reasonable advance notice (provided no advance notice shall be required after the occurrence of an Event of Default) for the purpose of (a) inspecting such the Property or any portion thereof or ascertaining each of Borrower’s compliance with the terms of any Loan DocumentSecurity Document to which it is a party, and (b) conducting conduct periodic due diligence to assess the condition of the Collateral, Borrower Property and such PropertyBorrower.

Appears in 1 contract

Samples: Loan Agreement (Jagged Peak, Inc.)

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