Common use of Right to Inspect; Right to Require Management Agent Clause in Contracts

Right to Inspect; Right to Require Management Agent. Lender, its officers, employees or agents, shall have the right to visit and inspect the Premises at all reasonable times and as often as Lender may reasonably desire AT LENDER'S EXPENSE UNLESS SUCH RIGHT IS EXERCISED DURING THE PENDENCY OF AN UNCURED DEFAULT. Without limiting the foregoing, Lender and its agents and consultants shall have the right to enter upon the Premises from time to time to perform the inspections, audits, etc. referred to in Section 7.2, and in addition to examine Borrower's books of record and accounts in regard to any Collateral, to take copies and extracts from such books of record and accounts, and to discuss the affairs, finances and accounts of Borrower with Borrower's respective officers, accountants and auditors. At any time DURING Default by the Borrower in the performance of any of the terms, covenants or provisions of the Note, the Mortgage, or any of the Collateral Loan Documents, if the Lender (in the exercise of reasonable business judgment) determines that the management or maintenance of the Premises is unsatisfactory, then Lender shall have the right at its sole option, to require that Borrower employ a managing agent for the Premises, or replace the existing managing agent, as applicable. Such managing agent shall be selected by Borrower (with Lender's approval) and shall be employed at Borrower's expense. The exercise of the rights herein conferred upon the Lender shall not be deemed an election of remedies or exclusive of any other right or remedy available to the Lender on account of such Default, but rather shall be in addition to all such other rights and remedies. The rights granted Lender in this Section may be enforced by injunctive relief.

Right to Inspect; Right to Require Management Agent. Lender, its officers, employees or agents, shall have the right to visit and inspect the Premises at all reasonable times and as often as Lender may reasonably desire AT LENDER'S EXPENSE UNLESS SUCH RIGHT IS EXERCISED DURING THE PENDENCY OF AN UNCURED DEFAULTat Lender's expense unless such right is exercised during the pendency of an uncured Default. Without limiting the foregoing, Lender and its agents and consultants shall have the right to enter upon the Premises from time to time to perform the inspections, audits, . etc. referred to in Section 7.2, and in addition to examine Borrower's books of record and accounts in regard to any Collateral, to take copies and extracts from such books of record and accounts, and to discuss the affairs, finances and accounts of Borrower with Borrower's respective officers, . accountants and auditors. At any time DURING during Default by the Borrower in the performance of any of the terms, covenants or provisions of the Note, the Mortgage, or any of the Collateral Loan Documents, if the Lender (in the exercise of reasonable business judgment) determines that the management or maintenance of the Premises is unsatisfactory, then Lender shall have the right at its sole option, to require that Borrower employ a managing agent for the Premises, or replace the existing managing agent, . as applicable. Such managing agent shall be selected by Borrower (with Lender's approval) and shall be employed at Borrower's expense. The exercise of the rights herein conferred upon the Lender shall not be deemed an election of remedies or exclusive of any other right or remedy available to the Lender on account of such Default, but rather shall be in addition to all such other rights and remedies. The rights granted Lender in this Section may be enforced by injunctive relief. SEE EXHIBIT A, ADDITIONAL PROVISIONS, SECTION A8.