Common use of Good Faith Deposit Clause in Contracts

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Five Thousand Dollars ($75,000) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied to the Commitment Fee.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Pharmasset Inc), Venture Loan and Security Agreement (Pharmasset Inc)

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Good Faith Deposit. Borrower has delivered to Lender paid Lenders a good faith deposit in the amount of Seventy-Five Fifty Thousand Dollars ($75,000) (the “Good Faith Deposit”50,000.00). The good faith deposit will be applied towards Lenders Expenses for the documentation and negotiation of this Agreement. Any portion of the Good Faith Deposit will be not utilized to pay any amount due Lender under Section 2.6(b) below and the balance Lenders Expenses will be applied to the Commitment Fee.Revolving Loan Fee on the Effective Date; and

Appears in 2 contracts

Samples: Loan and Security Agreement (ConforMIS Inc), Loan and Security Agreement (ConforMIS Inc)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Five Thirty Thousand Dollars ($75,00030,000) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized applied to pay any amount the legal, due Lender under diligence and documentation expenses as set forth in Section 2.6(b2.6(c) below and the balance will shall be applied to the Commitment FeeFee as provided in Section 2.6(b) below.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Tengion Inc)

Good Faith Deposit. Borrower has delivered to Lender paid Lenders a good faith deposit in the amount of Seventy-Five Ten Thousand Dollars ($75,000) (the “Good Faith Deposit”10,000.00). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance good faith deposit will be applied toward Lenders’ Expenses for the documentation and negotiation of this Agreement. If the transaction is not approved, the good faith deposit will be refunded to the Commitment FeeBorrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Selecta Biosciences Inc), Loan and Security Agreement (Selecta Biosciences Inc)

Good Faith Deposit. Borrower has delivered to Lender Lenders a good faith deposit in the amount of Seventy-Twenty Five Thousand Dollars ($75,00025,000) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied to the Commitment Fee.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Good Faith Deposit. Borrower has delivered to Lender Lenders a good faith deposit in the amount of Seventy-Five Forty Thousand Dollars ($75,00040,000) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied credited to the Commitment Fee. If the Funding Date does not occur, Lenders shall retain the Good Faith Deposit as compensation for its time, expenses and opportunity cost.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp), Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp)

Good Faith Deposit. Borrower has delivered to Lender Borrower a good faith deposit in the amount of Seventy-Twenty Five Thousand Dollars ($75,00025,000) (the "Good Faith Deposit"). The Good Faith Deposit will be utilized to pay any amount a portion of the amounts due to Lender under Section 2.6(b) below and the balance will be applied to the Commitment Fee.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Activbiotics Inc), Venture Loan and Security Agreement (Activbiotics Inc)

Good Faith Deposit. Borrower has delivered paid to Lender Bank a good faith deposit in the amount of Seventy-Five Fifty Thousand Dollars ($75,00050,000.00) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized ) prior to pay any amount due Lender under Section 2.6(b) below and the balance will date hereof which shall be applied to toward Bank Expenses incurred through the Commitment Fee.Effective Date; and

Appears in 1 contract

Samples: Loan and Security Agreement (Homology Medicines, Inc.)

Good Faith Deposit. Borrower has delivered to Lender paid Lenders a good faith deposit in the amount of Seventy-Five One Hundred Fifty Thousand Dollars ($75,000) (the “Good Faith Deposit”150,000). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance good faith deposit will be applied towards Lenders Expenses for the documentation and negotiation of this Agreement and the remainder, if any, shall (i) be refunded to Borrower after the Commitment Fee.determination of such expenses if at least one Term Loan is made, or (ii) retained by Lenders if no Term Loans are made;

Appears in 1 contract

Samples: Loan and Security Agreement (Hyperion Therapeutics Inc)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Five Fifteen Thousand Dollars ($75,00015,000) (the "Good Faith Deposit"). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied to the Commitment Fee.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Convio, Inc.)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Five One Hundred Thousand Dollars ($75,000100,000) (the “Good Faith Deposit”). The Good Faith Deposit paid to Lender will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied credited to the Commitment FeeFee payable to the Lender. If the Funding Date does not occur, Lender shall retain the Good Faith Deposit as compensation for its time, expenses and opportunity cost.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (CVRx, Inc.)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Five Seventy Thousand Dollars ($75,00070,000) (the “Good Faith Deposit”). The Upon execution of this Agreement, the Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied to the Commitment Fee.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Cryocor Inc)

Good Faith Deposit. Borrower has delivered to Lender paid Lenders a good faith deposit in the amount of Seventy-Five Ten Thousand Dollars ($75,000) (the “Good Faith Deposit”10,000). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance good faith deposit will be applied towards Lenders Expenses for the documentation and negotiation of this Agreement and the remainder shall be returned to the Commitment FeeBorrower.

Appears in 1 contract

Samples: Loan and Security Agreement (MAP Pharmaceuticals, Inc.)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Five Thirty Thousand Dollars ($75,00030,000) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied credited to the Commitment Fee. If the Funding Date does not occur, Lender shall retain the Good Faith Deposit as compensation for its time, expenses and opportunity cost.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Cereplast Inc)

Good Faith Deposit. Borrower has delivered to Lender paid a good faith deposit in the amount of Seventy-Five Thousand Dollars ($75,0005,000) (the “Good Faith Deposit”). The Any portion of the Good Faith Deposit will be not utilized to pay any amount Lender’s expenses (such expenses shall not exceed $1,000 without the consent of the Borrower) in connection with Lender’s due Lender under Section 2.6(b) below diligence and the balance negotiation, documentation and funding of the Loans will be applied to the final principal payment with respect to the Loans. If the Loans are not made, any remaining balance of the Commitment FeeFee shall be retained by Lender.

Appears in 1 contract

Samples: Equipment Loan and Security Agreement (Renovis Inc)

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Good Faith Deposit. Borrower has delivered to Lender paid a good faith deposit in the amount of Seventy-Five Fifteen Thousand Dollars ($75,00015,000.00) (the “Good Faith Deposit”). The Good Faith Deposit will ) which shall be utilized to pay any amount due Lender under Section 2.6(b) below applied toward the Lenders’ Expenses and the balance will be applied balance, if any, returned to the Commitment FeeBorrower.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Intarcia Therapeutics, Inc)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Five Forty Thousand Dollars ($75,00040,000) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized applied to pay any amount the legal, due Lender under diligence and documentation expenses as set forth in Section 2.6(b) below and the balance will shall be applied pro rata to the Commitment Feefirst payment due on each Loan.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Tengion Inc)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Thirty Seven Thousand Five Thousand Hundred Dollars ($75,00037,500) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized to pay any amount the Commitment Fee and a portion of the amounts due Lender under Section 2.6(b) below and the balance will be applied to the Commitment Feebelow.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Infinity Pharmaceuticals, Inc.)

Good Faith Deposit. Borrower Representative has delivered to Lender a good faith deposit in the amount of Seventy-Five One Hundred Thousand Dollars ($75,000100,000) (the “Good Faith Deposit”). The Good Faith Deposit paid to Lender will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied credited to the Commitment FeeFee payable to the Lender. If the Funding Date does not occur, Lender shall retain the Good Faith Deposit as compensation for its time, expenses and opportunity cost.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Mohawk Group Holdings, Inc.)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Five Fifty Thousand Dollars ($75,00050,000) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied credited to the Commitment Fee. If the Funding Date does not occur, Lender shall retain the Good Faith Deposit as compensation for its time, expenses and opportunity cost.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Singulex Inc)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Thirty Seven Thousand Five Thousand Hundred Dollars ($75,00037,500) (the "Good Faith Deposit"). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied to the Commitment Fee.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Isilon Systems, Inc.)

Good Faith Deposit. Borrower has delivered to Lender paid a good faith deposit in the aggregate amount of Seventy-Five Thousand Dollars ($75,000) 20,000 to Lenders (the "Good Faith Deposit"). The Any portion of the Good Faith Deposit will be not utilized to pay any amount Lenders' expenses, including reasonable attorneys' fees in connection with due Lender under Section 2.6(b) below diligence or the negotiation, documentation, administration and funding of the balance Loans will be applied pro rata to the Commitment Feeinitial payment due under the Notes.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Acusphere Inc)

Good Faith Deposit. Borrower has delivered to Lender a good faith deposit in the amount of Seventy-Five Twenty Thousand Dollars ($75,00020,000) (the “Good Faith Deposit”). The Good Faith Deposit will be utilized to pay any amount due Lender under Section 2.6(b) below and the balance will be applied to the Commitment Fee.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (eXegenics Inc)

Good Faith Deposit. Borrower has delivered to Lender paid Lenders a good faith deposit in the amount of Seventy-Five One Hundred Thousand Dollars ($75,000) (the “Good Faith Deposit”100,000.00). The good faith deposit will be applied towards Lenders Expenses for the documentation and negotiation of this Agreement. Any portion of the Good Faith Deposit will be not utilized to pay any amount due Lender under Section 2.6(b) below and the balance Lenders Expenses will be applied to the Commitment Fee.Term Loan Facility Fee on the Effective Date; and

Appears in 1 contract

Samples: Loan and Security Agreement (Dexcom Inc)

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