Common use of Good Faith Deposit Clause in Contracts

Good Faith Deposit. Borrower has paid to Agent a deposit of Twenty Five Thousand Dollars ($25,000.00) (the “Good Faith Deposit”), to initiate Agent’s and the Lender’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Lender Expenses shall be applied to the commitment fees referenced in Sections 2.4(a) and (b) above.

Appears in 2 contracts

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

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Good Faith Deposit. Borrower has paid to Agent Agent, for payment to each Lender, a deposit of Twenty Five Fifty Thousand Dollars ($25,000.0050,000) (the “Good Faith Deposit”), ) to initiate Agent’s and the Lender’s due diligence review process. Any portion of On the Closing Date, such Good Faith Deposit not utilized to pay Lender Expenses shall the Agent’s costs and expenses (including without limitation out-of-pocket attorneys’ fees) associated with the transactions contemplated by this Agreement will be applied to the commitment fees referenced set forth in Sections 2.4(aSection 2.6(e) and (b) aboveor the Protective Advances.

Appears in 1 contract

Samples: Credit and Security Agreement (ZS Pharma, Inc.)

Good Faith Deposit. Borrower has Borrowers have paid to Agent a good faith deposit of Twenty Five Sixty Thousand Dollars ($25,000.0060,000) (the “Good Faith Deposit”), ) to initiate Agent’s and the Lender’s due diligence review process. Any portion of Agent shall apply the Good Faith Deposit not utilized to pay Lender Expenses the Agent Expenses, and any remaining portion shall be applied to the commitment fees referenced in Sections 2.4(a) and (b) above.Commitment Fee; and

Appears in 1 contract

Samples: Loan and Security Agreement (EnergyConnect Group Inc)

Good Faith Deposit. Borrower has paid to Agent a deposit of Twenty Five Fifty Thousand Dollars ($25,000.0050,000.00) (the “Good Faith Deposit”), ) to initiate Agent’s and the Lender’s Lenders’ due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Lender Lenders’ Expenses shall will be applied to the commitment fees referenced in Sections 2.4(a) and (b) aboveOrigination Fee.

Appears in 1 contract

Samples: Loan and Security Agreement (Alimera Sciences Inc)

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Good Faith Deposit. Borrower has paid to Agent a good faith deposit of Twenty Five Eighty Thousand Dollars ($25,000.0080,000.00) (the “Good Faith Deposit”), ) prior to initiate Agent’s and the Lender’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Lender Expenses date hereof which shall be applied to toward Lender Expenses (and the commitment fees referenced in Sections 2.4(aCommitment Fee) and (b) above.incurred through the Effective Date; and

Appears in 1 contract

Samples: Mezzanine Loan and Security Agreement (Grove Collaborative Holdings, Inc.)

Good Faith Deposit. Borrower has paid to Agent a deposit of Twenty Five Fifty Thousand Dollars ($25,000.0050,000.00) (the “Good Faith Deposit”), to initiate Agent’s and the Lender’s Lenders’ due diligence review process. Any portion of the The Good Faith Deposit not shall be utilized to pay Lender Expenses shall be applied to the commitment fees referenced in Sections 2.4(a) and (b) above.Lenders’ Expenses; and

Appears in 1 contract

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

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