Common use of Good Faith Deposit Clause in Contracts

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.

Appears in 5 contracts

Samples: Loan and Security Agreement (Poseida Therapeutics, Inc.), Loan and Security Agreement (Poseida Therapeutics, Inc.), Loan and Security Agreement (Poseida Therapeutics, Inc.)

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Good Faith Deposit. An amount of Thirty Thousand Dollars ($30,000.00) has been received by Collateral Agent as good faith deposit from Borrower (which Collateral Agent acknowledges was received on or about June 27October 5, 2017, which amount 2015) and shall be applied towards the facility fee due payable 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.

Appears in 3 contracts

Samples: Loan and Security Agreement (Adynxx, Inc.), Loan and Security Agreement (Alliqua BioMedical, Inc.), Loan and Security Agreement (Adynxx, Inc.)

Good Faith Deposit. An amount of Borrower has remitted to Collateral Agent Thirty Thousand Dollars ($30,000.00) has been received by Collateral Agent as a good faith deposit from Borrower on or about June 27, 2017deposit, which amount shall be applied towards the facility fee due under Section 2.5(a2.5(b) hereof on the Effective Date. For the purposes sake of clarity, Borrower shall be responsible for the entire amount of the facility fee payable pursuant to Section 2.5(a2.5(b) hereofhereof and the Lenders’ Expenses payable under Section 2.5(e).

Appears in 3 contracts

Samples: Loan and Security Agreement (Prometheus Biosciences, Inc.), Loan and Security Agreement (Prometheus Biosciences, Inc.), Loan and Security Agreement (Prometheus Biosciences, Inc.)

Good Faith Deposit. An amount of Thirty One Hundred Thousand Dollars ($30,000.00100,000.00) has been received by Collateral Agent as good faith deposit from Borrower on or about June 27March 6, 20172015 and after deduction therefrom of Lenders’ Expenses incurred through the Effective Date payable pursuant to Section 2.5(e) hereof, which amount the remaining balance, if any, 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 all Lender’s Expenses payable pursuant to Section 2.5(a2.5(e) hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lombard Medical, Inc.), Loan and Security Agreement (Lombard Medical, Inc.)

Good Faith Deposit. An amount of Thirty Thirty-Five Thousand Dollars ($30,000.0035,000) has been received by Collateral Agent as a good faith deposit from Borrower on or about June 27November 2, 20172016, which amount shall and will be applied towards Lenders’ Expenses for the facility fee due under documentation and negotiation of this Agreement that are payable by the Borrower pursuant to Section 2.5(a2.5(d) hereof on the Effective Datehereof. For the purposes of clarity, Borrower shall be responsible for the entire amount of facility fee all Lender’s Expenses payable pursuant to Section 2.5(a2.5(d) hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sutro Biopharma Inc), Loan and Security Agreement (Sutro Biopharma Inc)

Good Faith Deposit. An amount of Thirty Thousand Dollars ($30,000.00) 50,000 has been received by Collateral Agent as a good faith deposit from Borrower on or about June 2726, 20172020, which amount shall be applied towards the facility fee Lenders’ Expenses due under Section 2.5(a2.5(e) hereof on that have been incurred through the Effective Date. For the purposes of clarity, Borrower shall be responsible for the entire amount of facility fee the Lenders’ Expenses payable pursuant to under Section 2.5(a) hereof.2.5(e);

Appears in 2 contracts

Samples: Loan and Security Agreement (Sigilon Therapeutics, Inc.), Loan and Security Agreement (Sigilon Therapeutics, Inc.)

Good Faith Deposit. An amount of Thirty Seventy Five Thousand Dollars ($30,000.0075,000.00) has been received by Collateral Agent as good faith deposit from Borrower on or about June 27March 26, 20172019 and after deduction therefrom of Lenders’ Expenses incurred through the Effective Date payable pursuant to Section 2.5(e) hereof, which amount the remaining balance, if any, 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 all Lender’s Expenses payable pursuant to Section 2.5(a2.5(e) hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (PROCEPT BioRobotics Corp), Loan and Security Agreement (PROCEPT BioRobotics Corp)

Good Faith Deposit. An amount of Thirty One Hundred Thousand Dollars ($30,000.00100,000.00) has been received by Collateral Agent as a good faith deposit from Borrower on or about June 27August 18, 20172020, which amount shall be applied towards the Lenders’ Expenses due under Section 2.5(e) that have been incurred through the Effective Date, with the balance, if any, towards the facility fee due under Section 2.5(a) hereof on the Effective Date2.5(b). For the purposes of clarity, Borrower shall be responsible for the entire documented amount of the Lenders’ Expenses payable under Section 2.5(e) and for the entire amount of facility fee payable pursuant to due under Section 2.5(a) hereof2.5(b).

Appears in 2 contracts

Samples: Loan and Security Agreement (Immunocore LTD), Loan and Security Agreement (Immunocore LTD)

Good Faith Deposit. An amount of Thirty Fifty Thousand Dollars ($30,000.0050,000.00) has been received by Collateral Agent as a good faith deposit from Borrower on or about June 27May 14, 20172019, which amount shall be applied towards the facility fee Lenders’ Expenses due under Section 2.5(a2.5(e) hereof on that have been incurred through the Effective Date. For the purposes of clarity, Borrower shall be responsible for the entire amount of facility fee the Lenders’ Expenses payable pursuant to under Section 2.5(a) hereof2.5(e).;

Appears in 1 contract

Samples: Loan and Security Agreement (LogicBio Therapeutics, Inc.)

Good Faith Deposit. An amount of Thirty Thousand [**] Dollars ($30,000.00[**]) has been received by Collateral Agent as a good faith deposit from Borrower on or about June 27April 20, 20172021, which amount shall be applied towards the Lenders’ Expenses due under Section 2.5(e) that have been incurred through the Effective Date, with the balance, if any, towards the facility fee due under Section 2.5(a) hereof on the Effective Date2.5(b). For the purposes of clarity, Borrower shall be responsible for the entire documented amount of the Lenders’ Expenses payable under Section 2.5(e) and for the entire amount of facility fee payable pursuant to due under Section 2.5(a) hereof2.5(b).

Appears in 1 contract

Samples: Loan and Security Agreement (Kala Pharmaceuticals, Inc.)

Good Faith Deposit. An amount of Thirty Thousand Dollars ($30,000.00) 99,965 has been received by Collateral Agent as a good faith deposit from Borrower on or about June 279, 20172021, which amount shall be applied towards the facility fee Lenders’ Expenses due under Section 2.5(a2.5(d) hereof on that have been incurred through the Effective Date. For the purposes of clarity, Borrower shall be responsible for the entire amount of facility fee the Lenders’ Expenses payable pursuant to under Section 2.5(a) hereof.2.5(d);

Appears in 1 contract

Samples: Loan and Security Agreement (4D Pharma PLC)

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Good Faith Deposit. An amount of Thirty Seventy-Five Thousand Dollars ($30,000.0075,000.00) has been received by Collateral Agent as a good faith deposit from Borrower on or about June 27, 2017Borrower, which amount shall be applied towards the facility fee due under Section 2.5(a2.5(b) hereof on the Effective Date. For the purposes sake of clarity, Borrower shall be responsible for the entire amount of the facility fee payable pursuant to Section 2.5(a2.5(b) hereofhereof and the Lenders’ Expenses payable under Section 2.5(f).

Appears in 1 contract

Samples: Loan and Security Agreement (Evolus, Inc.)

Good Faith Deposit. An amount of Thirty Fifty Thousand Dollars ($30,000.0050,000.00) has been received by Collateral Agent as good faith deposit from Borrower on or about June 27, 2017Borrower, which amount shall be applied towards the facility fee due under Section 2.5(a2.5(b) hereof on the Effective Date and the balance shall be applied towards the Lenders’ Expenses due under Section 2.5(e) that have been incurred through the Effective Date. For the purposes of clarity, Borrower shall be responsible for the entire amount of the facility fee payable pursuant to Section 2.5(a2.5(b) hereofhereof and the Lenders’ Expenses payable under Section 2.5(e).

Appears in 1 contract

Samples: Loan and Security Agreement (Otonomy, Inc.)

Good Faith Deposit. An amount of Thirty Fifty Thousand Dollars ($30,000.0050,000.00) has been received by Collateral Agent as a good faith deposit from Borrower on or about June 27October 1, 20172020, which amount shall be applied towards the facility fee Lenders’ Expenses due under Section 2.5(a2.5(e) hereof on that have been incurred through the Effective Date. For the purposes of clarity, Borrower shall be responsible for the entire amount of facility fee the Lenders’ Expenses payable pursuant to under Section 2.5(a) hereof.2.5(e);

Appears in 1 contract

Samples: Loan and Security Agreement (Foghorn Therapeutics Inc.)

Good Faith Deposit. An amount of Thirty Twenty Five Thousand Dollars ($30,000.0025,000.00) has been received by Collateral Agent as a good faith deposit from Borrower on or about June 27December 18, 20172020, which amount shall be applied towards the facility fee Lenders’ Expenses due under Section 2.5(a2.5(d) hereof on that have been incurred through the Effective Date. For the purposes of clarity, Borrower shall be responsible for the entire amount of facility fee the Lenders’ Expenses payable pursuant to under Section 2.5(a) hereof.2.5(d);

Appears in 1 contract

Samples: Loan and Security Agreement (Millendo Therapeutics, Inc.)

Good Faith Deposit. An amount of Thirty Thousand Dollars ($30,000.00) 50,000 has been received by Collateral Agent as a good faith deposit from Borrower on or about June 27February 7, 20172020, which amount shall be applied towards the Lenders’ Expenses due under Section 2.5(e) that have been incurred through the Effective Date, with the balance, if any, towards the facility fee due under Section 2.5(a) hereof on the Effective Date2.5(b). For the purposes of clarity, Borrower shall be responsible for the entire amount of the Lenders’ Expenses payable under Section 2.5(e) and for the entire amount of facility fee payable pursuant to due under Section 2.5(a) hereof.2.5(b);

Appears in 1 contract

Samples: Loan and Security Agreement (Inhibrx, Inc.)

Good Faith Deposit. An amount of Thirty One Hundred Thousand Dollars ($30,000.00100,000.00) has been received by Collateral Agent as good faith deposit from Borrower on or about June 27November 14, 20172016 and after deduction therefrom of Lenders’ Expenses incurred through the Effective Date payable pursuant to Section 2.5(e) hereof, which amount the remaining balance, if any, 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 all Lender’s Expenses payable pursuant to Section 2.5(a2.5(e) hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Strongbridge Biopharma PLC)

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