Initial Due Diligence Fees shall have the meaning set forth in Section 10.04(a).
Initial Due Diligence Fees with respect to each Initial Mortgaged Property in an amount equal to $5,000 per Initial Mortgaged Property. All Initial Due Diligence Fees shall have been paid prior to the Initial Closing Date and all third party costs and out-of-pocket fees and expenses incurred by Lender and Xxxxxx Mae shall be paid by Borrower on the Initial Closing Date (or, if the proposed Initial Mortgaged Properties do not become part of the Collateral Pool, on demand).
Initial Due Diligence Fees with respect to each Initial Mortgaged Property in an amount equal to the reasonable out-of-pocket costs incurred by Lender in connection with Lender’s due diligence for such Initial Mortgaged Properties, including but not limited to third party reports required by Lender plus a $4,500 fee per Initial Mortgaged Property (inclusive of a $1,500 fee payable by Lender to Xxxxxx Xxx). On or before the Initial Closing Date, Borrower shall pay a deposit toward the Initial Due Diligence Fees equal to the product obtained by multiplying (i) $12,500, by (ii) the number of Initial Mortgaged Properties, minus the portion of the estimated amount of Initial Due Diligence Fees previously paid to Lender by Borrower . On or prior to the Initial Closing Date, Lender shall notify Borrower of the actual amount of the Initial Due Diligence Fees and Borrower shall, on the Initial Closing Date, pay to Lender the remainder of such Initial Due Diligence Fees (if the actual amount of the Initial Due Diligence Fees exceeds the deposit and the other amounts previously paid to Lender by Borrower) or Lender shall promptly refund to Borrower any amounts paid to Lender by Borrower in excess of the Initial Due Diligence Fees (if the actual amount of the Initial Due Diligence Fees is less than the deposit and the other amounts previously paid to Lender by Borrower).
Examples of Initial Due Diligence Fees in a sentence
The Borrower has previously paid to the Lender a portion of the Initial Due Diligence Fees and shall pay the remainder of the Initial Due Diligence Fees to the Lender on the Initial Closing Date.
Borrower has previously paid to Lender a portion of the Initial Due Diligence Fees and shall pay the remainder of the Initial Due Diligence Fees to Lender on the Initial Closing Date.
On or before the Initial Closing Date, Borrower shall pay a deposit toward the Initial Due Diligence Fees equal to the product obtained by multiplying (i) $12,500, by (ii) the number of Initial Mortgaged Properties, minus the portion of the estimated amount of Initial Due Diligence Fees previously paid to Lender by Borrower .
If the actual cost of due diligence expenses exceeds the Initial Due Diligence Fees, the Borrower shall promptly pay such excess cost.
All Initial Due Diligence Fees shall have been paid prior to the Initial Closing Date and all third party costs and out-of-pocket fees and expenses incurred by Lender and Xxxxxx Xxx shall be paid by Borrower on the Initial Closing Date (or, if the proposed Initial Mortgaged Properties do not become part of the Collateral Pool, on demand).
More Definitions of Initial Due Diligence Fees
Initial Due Diligence Fees with respect to each Initial Mortgaged Property in an amount equal to $4,000 per Initial Mortgaged Property. Borrower shall also deposit with Lender an amount equal to $10,000 for each Initial Mortgaged Property (“Initial Due Diligence Deposit”) to be used for the payment of third party costs and out-of-pocket fees and expenses incurred by Lender. All Initial Due Diligence Fees shall have been paid prior to the Initial Closing Date and all third party costs and out-of-pocket fees and expenses (not otherwise covered by the Initial Due Diligence Deposit) incurred by Lender and Xxxxxx Mae shall be paid by Borrower on the Initial Closing Date (or, if the proposed Initial Mortgaged Properties do not become part of the Collateral Pool, on demand). Any portion of the Initial Due Diligence Fee Deposit deposited with Lender and not actually used by Lender to cover due diligence expenses shall be refunded to Borrower on the Initial Closing Date.
Initial Due Diligence Fees with respect to each Initial Mortgaged Property in an amount equal to the actual costs of Lender’s due diligence for such Initial Mortgaged Properties, including but not limited to third party reports required by Lender plus (30) a $1,500 fee per Initial Mortgaged Property payable by Lender to Fxxxxx Mxx plus (31) a $4,600 processing fee per Initial Mortgaged Property payable to Lender by Borrower. All Initial Due Diligence Fees shall be paid by Borrower on the Initial Closing Date (or, if the proposed Initial Mortgaged Properties do not become part of the Collateral Pool, on demand). Lender acknowledges that Borrower has previously paid a deposit with respect to such Initial Due Diligence Fees and such deposit shall be applied against the Initial Due Diligence Fees due hereunder.
Initial Due Diligence Fees has the meaning given that term in Section 3.3(8)(a) of this Agreement.
Initial Due Diligence Fees with respect to each Initial Mortgaged Property. All Initial Due Diligence Fees shall be paid by Borrower on the Initial Closing Date (or, if the proposed Initial Mortgaged Properties do not become part of the Collateral Pool, on demand). Any portion of the Initial Due Diligence Fee paid to Lender not actually used by Lender to cover reasonable due diligence expenses shall be promptly refunded to Borrower.
Initial Due Diligence Fees shall have the meaning set forth in Section 10.02(a). Master Credit Facility Agreement Definitions Camden 2009
Initial Due Diligence Fees with respect to the Initial Mortgaged Properties in such Collateral Pool. On or prior to the Initial Closing Date, Lender shall notify such Borrower of the actual amount of the Initial Due Diligence Fees and such Borrower shall pay to Lender such Initial Due Diligence Fees on the Initial Closing Date.
Initial Due Diligence Fees shall have the meaning set forth in 0.