Common use of Audit and Information Rights Clause in Contracts

Audit and Information Rights. (a) Each Borrower and the Master Property Manager shall deliver to the Agent and the Lenders information at any time or from time to time reasonably requested by the Agent or any Lender regarding the Advances, the Properties, the Property Managers, the Guarantors and each Borrower. Any reasonable out-of-pocket costs and expenses in connection with any such request shall be paid by the Borrowers. (b) Each Borrower and the Master Property Manager shall grant or cause to be granted to the Valuation Agent at any time on a monthly basis access to any of the Properties to enable the Valuation Agent to inspect the Properties Access to any Property shall, in all cases, be subject to the rights of any Tenant of such Property. (c) Each Borrower and the Master Property Manager shall cooperate with the Valuation Agent to enable the Valuation Agent to perform various oversight functions with respect to the Properties, including periodic verification that all property taxes have been paid in full.

Audit and Information Rights. (a) Each Borrower and the Master Property Manager shall deliver to the Agent and the Lenders information at any time or from time to time reasonably requested by the Agent or any Lender regarding the Advances, the Properties, the Property Managers, the Guarantors and each Borrower. Any reasonable out-of-pocket costs and expenses in connection with any such request shall be paid by the Borrowers. (b) Each Borrower and the Master Property Manager shall grant or cause to be granted to the Valuation Agent at any time on a monthly basis access to any of the Properties to enable the Valuation Agent to inspect the Properties Properties. Access to any Property shall, in all cases, be subject to the rights of any Tenant of such Property. (c) Each Borrower and the Master Property Manager shall cooperate with the Valuation Agent to enable the Valuation Agent to perform various oversight functions with respect to the Properties, including periodic verification that all property taxes have been paid in full.