Common use of Web Cam Clause in Contracts

Web Cam. Borrower, at its sole cost and expense, shall take such steps as are commercially reasonable to retain a construction monitoring company approved by Lenders, in Lenders’ reasonable discretion, to install video and/or web-cam equipment at each Project during the construction phase of said Project for the purpose of verifying and providing to Lenders evidence of construction progress and the completion status of each such Project. Borrower acknowledges and agrees that Lenders shall have the right to communicate directly with any such monitoring company retained pursuant to the foregoing.