Examples of Due Diligence Cap in a sentence
Sellers shall reimburse Buyer for any of Buyer’s reasonable and documented out-of-pocket costs, including due diligence review costs and reasonable attorney’s fees, incurred by Buyer in determining the acceptability to Buyer of any Mortgage Loans, in an aggregate amount not to exceed the Due Diligence Cap.
Each Seller further agrees that such Seller shall pay all reasonable and documented out‑of‑pocket costs and expenses incurred by Buyer in connection with Buyer’s activities pursuant to this Section 34 in an amount not to exceed the Due Diligence Cap; provided that the Due Diligence Cap shall not apply upon the occurrence of an Event of Default.
Seller further agrees that Seller shall pay all out-of-pocket costs and expenses incurred by Buyer in connection with activities pursuant to this Section 17 (“Due Diligence Costs”); provided, however, that Seller shall not be responsible for Buyer’s Due Diligence Costs in excess of the Due Diligence Cap per year or any Due Diligence Costs incurred in connection with the initial due diligence conducted by Buyer prior to the date hereof.
On the date of execution of this Agreement, Borrowers shall reimburse Lender for all invoiced expenses (including reasonable legal fees and expenses, but subject to the cap set forth in Section 16(b)) incurred by Lender on or prior to such date in connection with the negotiation and documentation of this Agreement and the related Facility Documents, and diligence of proposed Rental Properties and Financed Rental Properties, subject to the applicable Due Diligence Cap.
Sellers shall reimburse Administrative Agent and Buyers for any of Administrative Agent’s and Buyers’ reasonable and documented out-of-pocket costs, including due diligence review costs and reasonable attorney’s fees, incurred by Administrative Agent and Buyers in determining the acceptability to Administrative Agent and Buyers of any Mortgage Loans, in an aggregate amount not to exceed the Due Diligence Cap.