Common use of Good Faith Deposit Clause in Contracts

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.

Appears in 1 contract

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

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Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty Fifty Thousand Dollars ($60,000.0050,000.00) (the “Good Faith Deposit”), to initiate the Collateral Agent’s and Lenders’ due diligence review and documentation process. The Good Faith Deposit will shall be used utilized 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) hereofExpenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Acelrx Pharmaceuticals Inc)

Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty Thirty-Five Thousand Dollars ($60,000.0035,000.00) (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(b2.5(e) hereof.; and

Appears in 1 contract

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

Good Faith Deposit. Each Lender hereby acknowledges that Borrower has paid to Collateral Agent for account of prior to the Lenders Effective Date a deposit of Sixty Fifty Thousand Dollars ($60,000.0050,000.00) (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 (whether in full or in part) Lenders’ Expenses and the Facility Fee 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.

Appears in 1 contract

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

Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty Fifty Thousand Dollars ($60,000.0050,000.00) (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(b2.5(d) hereof.; and

Appears in 1 contract

Samples: Loan and Security Agreement (Kezar Life Sciences, Inc.)

Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty Thirty Thousand Dollars ($60,000.0030,000.00) (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(b2.5(c) hereof.

Appears in 1 contract

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

Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty One Hundred Thousand Dollars ($60,000.00100,000.00) (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(b2.5(c) hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Scholar Rock Holding Corp)

Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty Fifty Thousand Dollars ($60,000.0050,000.00) (the “Good Faith Deposit”), to initiate the Collateral Agent’s and Lenders’ due diligence review and documentation process. The Good Faith Deposit will shall be used utilized to pay Lenders’ Expenses due on the Effective DateExpenses; provided, however, Borrower shall be responsible for the entire amount of Lenders’ Expenses payable under Section 2.5(b) hereof.and

Appears in 1 contract

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

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Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty One Hundred Thousand Dollars ($60,000.00100,000.00) (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(b2.5(d) hereof.

Appears in 1 contract

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

Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty One Hundred Thousand Dollars ($60,000.00100,000.00) (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(b2.5(d) hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Centogene N.V.)

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, with the balance, if any, towards the Facility Fee due under Section 2.5(a) hereof; provided, however, Borrower shall be responsible for the entire amount of Lenders’ Expenses payable under Section 2.5(b2.5(d) hereof.

Appears in 1 contract

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

Good Faith Deposit. Borrower has paid to Collateral Agent for account of the Lenders a deposit of Sixty One Hundred Thousand Dollars ($60,000.00100,000.00) (the “Good Faith Deposit”), to initiate the Collateral Agent’s and Lenders’ due diligence review and documentation process. The Good Faith Deposit will shall be used utilized 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) hereofExpenses.

Appears in 1 contract

Samples: Loan and Security Agreement (Puma Biotechnology, Inc.)

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