Common use of Good Faith Deposit Clause in Contracts

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);

Good Faith Deposit. A good faith deposit of $10,000 25,000 (the “Good Faith Deposit”)) which has been received by Bank. 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);

Good Faith Deposit. A fully-earned, non-refundable good faith deposit of Twenty Thousand Dollars ($10,000 20,000) has been paid to Bank (the “Good Faith Deposit”). The Good Faith Deposit shall be utilized by Bank used 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)Expenses;

Good Faith Deposit. A good faith deposit by Borrower in the amount of Fifteen Thousand Dollars ($10,000 (the “Good Faith Deposit”). The Good Faith Deposit shall 15,000) to be utilized used by Bank to pay the expenses incurred complete its due diligence process, including, but not limited to, Bank’s legal and out of pocket expenses. Any amount not used 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 applied to Borrower’s payment of the Bank Expenses described in Section 2.4(d)Loan Fee;