Common use of Good Faith Deposit Clause in Contracts

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

Appears in 2 contracts

Samples: Loan and Security Agreement (ConforMIS Inc), Loan and Security Agreement (ConforMIS Inc)

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Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Seventy-Five Thousand Dollars ($50,000.0075,000) (the “Good Faith Deposit”). 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 will be utilized to pay Lenders Expenses any amount due Lender under Section 2.6(b) below and the balance will be applied to the Revolving Loan Fee on the Effective Date; andCommitment Fee.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Pharmasset Inc), Venture Loan and Security Agreement (Pharmasset Inc)

Good Faith Deposit. Borrower has paid Lenders a good faith deposit of Fifty Ten Thousand Dollars ($50,000.0010,000.00). The good faith deposit will be applied towards Lenders toward Lenders’ Expenses for the documentation and negotiation of this Agreement. Any portion of If the Good Faith Deposit transaction is not utilized to pay Lenders Expenses approved, the good faith deposit will be applied refunded to the Revolving Loan Fee on the Effective Date; andBorrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Selecta Biosciences Inc), Loan and Security Agreement (Selecta Biosciences Inc)

Good Faith Deposit. Borrower has paid delivered to Lenders a good faith deposit in the amount of Fifty Forty Thousand Dollars ($50,000.0040,000) (the “Good Faith Deposit”). The good faith deposit Good Faith Deposit will be applied towards credited to the Commitment Fee. If the Funding Date does not occur, Lenders Expenses for the documentation and negotiation of this Agreement. Any portion of shall retain the Good Faith Deposit not utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andas compensation for its time, expenses and opportunity cost.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp), Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp)

Good Faith Deposit. Borrower has paid delivered to Lenders a good faith deposit in the amount of Fifty Twenty Five Thousand Dollars ($50,000.0025,000) (the “Good Faith Deposit”). 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 will be utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andCommitment Fee.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Good Faith Deposit. Borrower has paid Lenders delivered to Borrower a good faith deposit in the amount of Fifty Twenty Five Thousand Dollars ($50,000.0025,000) (the "Good Faith Deposit"). The good faith deposit Good Faith Deposit will be applied towards Lenders Expenses for the documentation and negotiation of this Agreement. Any utilized to pay a portion of the Good Faith Deposit not utilized amounts due to pay Lenders Expenses Lender under Section 2.6(b) below and the balance will be applied to the Revolving Loan Fee on the Effective Date; andCommitment Fee.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Activbiotics Inc), Venture Loan and Security Agreement (Activbiotics Inc)

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Fifteen Thousand Dollars ($50,000.0015,000) (the "Good Faith Deposit"). 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 will be utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andCommitment Fee.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Convio, Inc.)

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Thirty Seven Thousand Five Hundred Dollars ($50,000.0037,500) (the "Good Faith Deposit"). 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 will be utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andCommitment Fee.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Isilon Systems, Inc.)

Good Faith Deposit. Borrower has paid Lenders a good faith deposit of Fifty Ten Thousand Dollars ($50,000.0010,000). The good faith deposit will be applied towards Lenders Expenses for the documentation and negotiation of this Agreement. Any portion of Agreement and the Good Faith Deposit not utilized remainder shall be returned to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andBorrower.

Appears in 1 contract

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

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Thirty Thousand Dollars ($50,000.0030,000) (the “Good Faith Deposit”). 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 legal, due diligence and documentation expenses as set forth in Section 2.6(c) below and the balance shall be applied to the Commitment Fee on the Effective Date; andas provided in Section 2.6(b) below.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Tengion Inc)

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Thirty Seven Thousand Five Hundred Dollars ($50,000.0037,500) (the “Good Faith Deposit”). The good faith deposit Good Faith Deposit will be applied towards Lenders Expenses for utilized to pay the documentation Commitment Fee and negotiation of this Agreement. Any a portion of the Good Faith Deposit not utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andamounts due under Section 2.6(b) below.

Appears in 1 contract

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

Good Faith Deposit. Borrower has paid Lenders a good faith deposit of Fifty One Hundred Thousand Dollars ($50,000.00100,000.00). 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 Term Loan Facility Fee on the Effective Date; and

Appears in 1 contract

Samples: Loan and Security Agreement (Dexcom Inc)

Good Faith Deposit. Borrower Representative has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty One Hundred Thousand Dollars ($50,000.00100,000) (the “Good Faith Deposit”). The good faith deposit Good Faith Deposit paid to Lender will be applied towards Lenders Expenses for credited to the documentation and negotiation of this AgreementCommitment Fee payable to the Lender. Any portion of If the Funding Date does not occur, Lender shall retain the Good Faith Deposit not utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andas compensation for its time, expenses and opportunity cost.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Mohawk Group Holdings, Inc.)

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Twenty Thousand Dollars ($50,000.0020,000) (the “Good Faith Deposit”). 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 will be utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andCommitment Fee.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (eXegenics Inc)

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Thirty Thousand Dollars ($50,000.0030,000) (the “Good Faith Deposit”). The good faith deposit Good Faith Deposit will be applied towards Lenders Expenses for credited to the documentation and negotiation of this AgreementCommitment Fee. Any portion of If the Funding Date does not occur, Lender shall retain the Good Faith Deposit not utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andas compensation for its time, expenses and opportunity cost.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Cereplast Inc)

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Good Faith Deposit. Borrower has paid Lenders a good faith deposit in the aggregate amount of Fifty Thousand Dollars $20,000 to Lenders ($50,000.00the "Good Faith Deposit"). 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 Lenders' expenses, including reasonable attorneys' fees in connection with due diligence or the negotiation, documentation, administration and funding of the Loans will be applied pro rata to the Revolving Loan Fee on initial payment due under the Effective Date; andNotes.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Acusphere Inc)

Good Faith Deposit. Borrower has paid Lenders a good faith deposit of One Hundred Fifty Thousand Dollars ($50,000.00150,000). The good faith deposit will be applied towards Lenders Expenses for the documentation and negotiation of this Agreement. Any portion Agreement and the remainder, if any, shall (i) be refunded to Borrower after the determination of the Good Faith Deposit not utilized to pay such expenses if at least one Term Loan is made, or (ii) retained by Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andif no Term Loans are made;

Appears in 1 contract

Samples: Loan and Security Agreement (Hyperion Therapeutics Inc)

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Forty Thousand Dollars ($50,000.0040,000) (the “Good Faith Deposit”). 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 legal, due diligence and documentation expenses as set forth in Section 2.6(b) below and the balance shall be applied pro rata to the first payment due on the Effective Date; andeach Loan.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Tengion Inc)

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 Facility Fee on the Effective Date; and

Appears in 1 contract

Samples: Loan and Security Agreement (ConforMIS Inc)

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Seventy Thousand Dollars ($50,000.0070,000) (the “Good Faith Deposit”). The good faith deposit will be applied towards Lenders Expenses for the documentation and negotiation Upon execution 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; andCommitment Fee.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Cryocor Inc)

Good Faith Deposit. Borrower has paid Lenders a good faith deposit in the amount of Fifty Fifteen Thousand Dollars ($50,000.00). The good faith deposit will 15,000.00) (the “Good Faith Deposit”) which shall be applied towards Lenders toward the Lenders’ Expenses for and the documentation and negotiation of this Agreement. Any portion of the Good Faith Deposit not utilized balance, if any, returned to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andBorrower.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Intarcia Therapeutics, Inc)

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty Thousand Dollars ($50,000.0050,000) (the “Good Faith Deposit”). The good faith deposit Good Faith Deposit will be applied towards Lenders Expenses for credited to the documentation and negotiation of this AgreementCommitment Fee. Any portion of If the Funding Date does not occur, Lender shall retain the Good Faith Deposit not utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andas compensation for its time, expenses and opportunity cost.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Singulex Inc)

Good Faith Deposit. Borrower has paid Lenders a good faith deposit in the amount of Fifty Five Thousand Dollars ($50,000.005,000) (the “Good Faith Deposit”). 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 Lender’s expenses (such expenses shall not exceed $1,000 without the consent of the Borrower) in connection with Lender’s due diligence and the negotiation, documentation and funding of the Loans will be applied to the Revolving Loan final principal payment with respect to the Loans. If the Loans are not made, any remaining balance of the Commitment Fee on the Effective Date; andshall be retained by Lender.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Renovis Inc)

Good Faith Deposit. Borrower has paid Lenders delivered to Lender a good faith deposit in the amount of Fifty One Hundred Thousand Dollars ($50,000.00100,000) (the “Good Faith Deposit”). The good faith deposit Good Faith Deposit paid to Lender will be applied towards Lenders Expenses for credited to the documentation and negotiation of this AgreementCommitment Fee payable to the Lender. Any portion of If the Funding Date does not occur, Lender shall retain the Good Faith Deposit not utilized to pay Lenders Expenses will be applied to the Revolving Loan Fee on the Effective Date; andas compensation for its time, expenses and opportunity cost.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (CVRx, Inc.)

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