Due Diligence Fees definition
Due Diligence Fees. Shall have the meaning provided in Section 11.15 hereof.
Due Diligence Fees means the fees corresponding to the task and duties performed during a Due Diligence, being:
Due Diligence Fees are fees paid by the Client to Payplant in order to perform business and officer background checks, with applicable authorizations, including but not limited to credit, criminal history, lien searches and filings, bankruptcy and court filings, and other 3rd party verifications deemed necessary by Payplant. The Due Diligence fees must be paid by Client prior to initial funding and are not refundable.
Examples of Due Diligence Fees in a sentence
DriveWealth will provide an estimate of Due Diligence Fees upon receipt of diligence materials and consult with Issuer before deciding to incur additional costs in excess of the estimate and will only incur such fees with the agreement of Issuer.
Each Substitution Request shall be accompanied by the following: (i) the information required by the Underwriting Requirements with respect to the proposed Substitute Mortgaged Property and any additional information Lender reasonably requests; and (ii) the payment of all Additional Collateral Due Diligence Fees.
In addition, you will be paid additional Due Diligence Fees and Dealer Manager Fees, on each Closing Date, equal to 2% of the public offering price for each Share subscribed and paid for on the applicable Closing Date which was sold by you or a Selected Dealer engaged by you.
The Borrower shall pay Additional Collateral Due Diligence Fees for the Additional Mortgaged Property to the Lender on the date on which it submits the Collateral Addition Request for the addition of the Additional Mortgaged Property to the Collateral Pool.
Seller agrees to pay as and when billed by Buyer all of the out-of-pocket costs and expenses incurred in connection with the consummation and administration of the transactions contemplated hereby and thereby including without limitation (i) all the reasonable fees, disbursements and expenses of counsel to Buyer and (ii) all the Due Diligence Fees, testing and review costs and expenses incurred by Buyer in connection with the evaluation of any New Loan and with respect to any Transaction.
More Definitions of Due Diligence Fees
Due Diligence Fees. Shall have the meaning provided in Section 11.15 hereof. Eligible Account: At any time, a deposit account or a securities account which is: (i) maintained with a Designated Depository Institution; (ii) fully insured by either the Bank Insurance Fund or the Savings Association Insurance Fund of the FDIC; (iii) a trust account (which shall be a “segregated trust account”) maintained with the corporate trust department of a federal or state chartered depository institution or trust company with trust powers and acting in its fiduciary capacity for the benefit of the Indenture Trustee and the Issuer, which depository institution or trust company shall have capital and surplus of not less than $50,000,000; or (iv) with the prior written consent of the Majority Noteholders, any other deposit account or a securities account. Eligible Servicer: (x) Option One or (y) any other Person that (a) (i) has been designated as an approved seller-servicer by F▇▇▇▇▇ M▇▇ or F▇▇▇▇▇▇ Mac for first and second mortgage loans and (ii) has equity of not less than $15,000,000, as determined in accordance with GAAP or (b) any other Person to which the Majority Noteholders may consent in writing.
Due Diligence Fees has the meaning ascribed to it in Section 16 of Annex A.
Due Diligence Fees provided that, unless an Event of Default shall occur, the aggregate reimbursement obligation of the Loan Originator with respect to Due Diligence Fees shall be limited to $50,000 per annum. In addition to the obligations set forth in Section 11.17 of this Agreement, Noteholders agree (on behalf of themselves and their Affiliates, directors, officers, employees and representatives) to use reasonable precaution to keep confidential, in accordance with its customary procedures for handling confidential information and in accordance with safe and sound practices, and not to disclose to any third party, any non-public information supplied to it or otherwise obtained by it hereunder with respect to the Loan Originator or any of its Affiliates (including, but not limited to, the Loan File); provided, however, that nothing herein shall prohibit the disclosure of any such information to the extent required by statute, rule, regulation or judicial process; provided, further that, unless specifically prohibited by applicable law or court order, the Noteholders shall, prior to disclosure thereof, notify the Loan Originator of any request for disclosure of any such non-public information. The Noteholders further agree not to use any such non-public information for any purpose unrelated to this Agreement and that the Noteholders shall not disclose such non-public information to any third party underwriter in connection with a potential Disposition without obtaining a written agreement from such third party underwriter to comply with the confidentiality provisions of this Section 11.15. Without limiting the foregoing, non-public information shall not include information which (i) is or becomes generally available to the public other than as a result of a disclosure; (ii) was available to the Noteholders on a non-confidential basis prior to its disclosure to such Noteholders by the Servicer or the Loan Originator; (iii) is required to be disclosed by a governmental authority or related governmental agencies or as otherwise required by law; or (iv) becomes available to the Noteholders on a non-confidential basis from a Person other than the Servicer or the Loan Originator who, to the best knowledge of such Noteholders, is not otherwise bound by a confidentiality agreement with the Servicer or the Loan Originator and is not otherwise prohibited from transmitting the information to such Noteholders.
Due Diligence Fees means fees to be paid to the soliciting dealers, which may be in an amount of up to .5% of the sales price of interests sold to persons other than - officers, directors or employees of MD or its Affiliates, - officers, directors, employees, or registered representatives of a soliciting dealer, or - an Affiliate of MD.
Due Diligence Fees. Shall have the meaning provided in Section 11.15 hereof. Eligible Account: At any time, a deposit account or a securities account which is: (i) maintained with a Designated Depository Institution; (ii) fully insured by either the Bank Insurance Fund or the Savings Association Insurance Fund of the FDIC; (iii) a trust account (which shall be a “segregated trust account”) maintained with the corporate trust department of a federal or state chartered depository institution or trust company with trust powers and acting in its fiduciary capacity for the benefit of the Indenture Trustee and the Issuer, which depository institution or trust company shall have capital and surplus of not less than $50,000,000; or (iv) with the prior written consent of the Initial Noteholder, any other deposit account or a securities account. Eligible Servicer: Either (a) Option One for so long as Option One (i) is an approved seller-servicer by F▇▇▇▇▇ M▇▇ or F▇▇▇▇▇▇ Mac and (ii) has a GAAP Net Worth of at least $200,000,000, (b) any other Person to which the Majority Noteholders may consent in writing.
Due Diligence Fees means Seven Hundred Eighty Thousand Dollars ($780,000.00).
Due Diligence Fees. Shall have the meaning provided in Section 11.15 hereof. Eligible Account: At any time, a deposit account or a securities account which is: (i) maintained with a Designated Depository Institution; (ii) fully insured by either the Bank Insurance Fund or the Savings Association Insurance Fund of the FDIC; (iii) a trust account (which shall be a “segregated trust account”) maintained with the corporate trust department of a federal or state chartered depository institution or trust company with trust powers and acting in its fiduciary capacity for the benefit of the Indenture Trustee and the Issuer, which depository institution or trust company shall have capital and surplus of not less than $50,000,000; or (iv) with the prior written consent of the Noteholder Agent, any other deposit account or a securities account. Eligible Servicer: (a) Option One or (b) any other Person to which the Majority Noteholders may consent in writing.