Good Faith Deposit. Borrower has paid to Bank a deposit of Twenty Thousand Dollars ($20,000) (the “Good Faith Deposit”) to initiate Bank’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Bank Expenses will be applied to the Facility Fee.
Good Faith Deposit. At the signing of this Agreement, Purchaser agrees to wire transfer to an account to be designated by Seller, the sum of Seven Thousand dollars and No Cents ($7,000.00) as an initial deposit to Seller. At the Closing, as defined below, Purchaser will pay the balance of the Purchase Price, Sixty-Two Thousand Nine Hundred Ninety dollars and No Cents ($62,990.00) to Seller by wire transfer.
Good Faith Deposit. An amount of Thirty Thousand Dollars ($30,000.00) has been received by Collateral Agent as good faith deposit from Borrower on or about June 27, 2017, which amount shall be applied towards the facility fee due under Section 2.5(a) hereof on the Effective Date. For the purposes of clarity, Borrower shall be responsible for the entire amount of facility fee payable pursuant to Section 2.5(a) hereof.
Good Faith Deposit. Borrower has paid Lenders a good faith deposit of Fifty Thousand Dollars ($50,000.00). The good faith deposit will be applied towards Lenders Expenses for the documentation and negotiation of this Agreement. Any portion of the Good Faith Deposit not utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; and
Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty Thousand Dollars ($60,000.00) (the “Good Faith Deposit”), to initiate Collateral Agent’s and Lenders’ due diligence review and documentation process. The Good Faith Deposit will be used to pay Lenders’ Expenses due on the Effective Date; provided, however, Borrower shall be responsible for the entire amount of Lenders’ Expenses payable under Section 2.5(b) hereof.
Good Faith Deposit. Borrower has paid to Collateral Agent a good faith deposit of Fifty Thousand Dollars ($50,000.00) to initiate Lenders’ due diligence review processes, which amount shall be applied to the Lenders’ Expenses on the Effective Date; and
Good Faith Deposit. Borrower has paid to the Lenders a good faith deposit of Seventy-Five Thousand Dollars ($75,000.00), in the aggregate, to initiate the Lenders’ due diligence review process which shall be credited against the Lenders’ legal fees accrued through the Effective Date and the initial facility fee described in Section 2.5(a) on the Effective Date.
Good Faith Deposit. Borrower has paid to Agent a deposit of Twenty Five Thousand Dollars ($25,000.00) (the “Good Faith Deposit”), to initiate Agent’s and the Lender’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Lender Expenses shall be applied to the commitment fees referenced in Sections 2.4(a) and (b) above.
Good Faith Deposit. The Good Faith Deposit in the amount of $ has been, or within two (2) Business Days hereof will be, wired to the District’s account as security for the performance by the Underwriter of its obligation to accept and pay for the Bonds at the Closing, as provided in Section 2 (Purchase, Sale, and Delivery of the Bonds) hereof. If the Underwriter complies with such obligations, the Good Faith Deposit shall be credited toward the payment of the purchase price of the Bonds by the Underwriter at the Closing, as provided in Section 2 (Purchase, Sale, and Delivery of the Bonds) hereof. If the District does not accept this offer, the Good Faith Deposit shall be promptly returned to the Underwriter. If the District fails to deliver the Bonds at the Closing, or if the District shall be unable to satisfy the conditions of the obligation of the Underwriter to purchase and accept delivery of the Bonds as set forth in this Bond Purchase Agreement, or if the obligation of the Underwriter with respect to the Bonds shall be terminated for any reason permitted by this Bond Purchase Agreement, this Bond Purchase Agreement shall terminate and neither the Underwriter nor the District shall be under further obligation hereunder, except that the amounts of the Good Faith Deposit shall immediately be paid to the Underwriter and the respective obligations of the District and the Underwriter for the payment of expenses, as provided in Section 11 (Expenses), shall continue in full force and effect. If the Underwriter fails (other than for a reason permitted hereunder) to accept and pay for the Bonds at the Closing as herein provided, the amount of the Good Faith Deposit shall be retained by the District as full liquidated damages for such failure and for any defaults hereunder on the Underwriter’s part and shall constitute a full release and discharge of all claims and damages for such failure and for such defaults. The Underwriter understands that the District’s actual damages may be greater or may be less than the amount of the Good Faith Deposit. Accordingly, the Underwriter hereby waives any right to claim that the District’s actual damages are less than such sum, and the District’s acceptance of this offer shall constitute a waiver of any right the District may have to additional damages from the Underwriter. Any interest or other income from the investment of the Good Faith Deposit by the District shall belong to the District.
Good Faith Deposit. A good faith deposit of $10,000 (the “Good Faith Deposit”). The Good Faith Deposit shall be utilized by Bank to pay the expenses incurred by Bank in the due diligence review process. Any portion of the Good Faith Deposit not utilized by Bank to pay such expenses shall be credited to Borrower’s payment of the Bank Expenses described in Section 2.4(d);
