Common use of Good Faith Deposit Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan and Security Agreement (Invitae Corp), Loan and Security Agreement (Invitae Corp), Loan and Security Agreement (Invitae Corp)

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Good Faith Deposit. Borrower has paid to each Lender pursuant to each Lender’s respective Commitment Percentage prior to the Lenders Effective Date, a good faith deposit of Seventy-Thirty Seven Thousand Five Thousand Hundred Dollars ($75,000.0037,500.00), 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 set forth in Section 2.5(a2.4(a) on the Effective Date.

Appears in 3 contracts

Samples: Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc)

Good Faith Deposit. Borrower has paid to the Lenders a good faith deposit of Seventy-Five One Hundred Thousand Dollars ($75,000.00), in 100,000.00) (the aggregate, “Good Faith Deposit”) to initiate the Lenders’ due diligence review process which shall be credited against process. Any portion of the Good Faith Deposit that remains after the Good Faith Deposit is applied to the Lenders’ legal fees accrued through Expenses shall be applied to the Effective Date and the initial facility fee described referenced in Section 2.5(a2.6(a) on the Effective Dateabove.

Appears in 1 contract

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

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Good Faith Deposit. Borrower has paid to the Lenders a good faith deposit of Seventy-Five Thousand Dollars ($75,000.00) (the “Good Faith Deposit”), in the aggregate, to initiate the Collateral Agent’s and Lenders’ due diligence review process which and documentation process. The Good Faith Deposit shall be credited against the applied to Lenders’ legal fees accrued through Expenses incurred on or before the Effective Date and the initial facility fee described in Section 2.5(a) on remaining portion, if any, shall be applied to the Effective DateFacility Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Selecta Biosciences Inc)

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