Common use of Right to Retain the Construction Inspector Clause in Contracts

Right to Retain the Construction Inspector. The Agent shall have the right to retain, at the Borrower's and the other Property Owners' cost and expense, a Construction Inspector to review construction budgets, contracts and schedules, make periodic inspections of construction of improvements at the Projects and to advise the Agent regarding all construction 83 92 matters at the Projects. The fees of the Construction Inspector shall be paid by the Borrower and the other Property Owner forthwith upon billing therefor, and expenses incurred by the Agent on account thereof shall be reimbursed to the Agent forthwith upon request therefor, but neither the Agent, the Lenders nor the Construction Inspector shall have any liability to the Borrower or any member of the Consolidated Group on account of the services performed by the Construction Inspector. Neither the Agent, the Lenders nor the Construction Inspector assumes any obligation to the Borrower or any other Person concerning the quality of construction of any Project improvements or the absence therefrom of defects.

Right to Retain the Construction Inspector. The Agent shall have the right to retain, at the Borrower's and the other Property Owners' cost and expense, a Construction Inspector to review construction budgets, contracts and schedules, make periodic inspections of construction of improvements at the Projects and to advise the Agent regarding all construction 83 92 matters at the Projects. The fees of the Construction Inspector shall be paid by the Borrower and the other Property Owner forthwith upon billing therefor, and expenses incurred by the Agent on account thereof shall be reimbursed to the Agent forthwith upon request therefor, but neither the Agent, the Lenders nor the Construction Inspector shall have any liability to the Borrower or any member of the Consolidated Group on account of the services performed by the Construction Inspector. Neither the Agent, the Lenders nor the Construction Inspector assumes any obligation to the Borrower or any other Person concerning the quality of construction of any Project improvements or the absence therefrom of defects.