Common use of Good Faith Deposit Clause in Contracts

Good Faith Deposit. Borrower has paid to Collateral Agent a good faith deposit of Fifty Thousand Dollars ($50,000.00) to initiate Lenders’ due diligence review processes, which amount shall be applied to the Lenders’ Expenses on the Effective Date; and

Appears in 3 contracts

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

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Good Faith Deposit. Borrower has paid to Collateral Agent a good faith deposit of Fifty Thirty Thousand Dollars ($50,000.0030,000) (the “Good Faith Deposit”) to initiate Lenders’ Collateral Agent’s due diligence review processes, which amount process. The Good Faith Deposit shall be applied utilized to pay Lenders’ Expenses. Any portion of the Good Faith Deposit not utilized to pay Lenders’ Expenses on the Effective Date; andDate will be deposited into the Designated Deposit Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nalu Medical, Inc.), Loan and Security Agreement (Nalu Medical, Inc.)

Good Faith Deposit. Borrower has paid to Collateral Agent a good faith deposit of Fifty Thirty Thousand Dollars ($50,000.0030,000.00) to initiate Lenders’ due diligence review processes, which amount shall be applied to the Lenders’ Expenses on the Effective Date; and

Appears in 1 contract

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

Good Faith Deposit. Borrower has paid to Collateral Agent prior to the Effective Date, a good faith deposit of Fifty Thirty Seven Thousand Five Hundred Dollars ($50,000.0037,500.00) to initiate the Lenders’ due diligence review processes, process which amount shall be applied to credited against the Lenders’ Expenses fees set forth in Section 2.5(a) on the Effective Date; and

Appears in 1 contract

Samples: Loan and Security Agreement (SafeStitch Medical, Inc.)

Good Faith Deposit. Each Lender hereby acknowledges that Borrower has paid to Collateral Agent prior to the Effective Date a good faith deposit of Fifty Thousand Dollars ($50,000.00) (the “Good Faith Deposit”) to initiate Collateral Agent’s and Lenders’ due diligence review processes, which amount shall and documentation process. The Good Faith Deposit will be applied used to the pay (whether in full or in part) Lenders’ Expenses and the Facility Fee due on the Effective Date; and.

Appears in 1 contract

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

Good Faith Deposit. Borrower has paid to Collateral Agent a good faith deposit of Fifty Twenty-Five Thousand Dollars ($50,000.0025,000.00) to initiate Lenders’ due diligence review processes, which amount shall be applied to the existing modification fee and the Lenders’ Expenses on the Effective Date; and

Appears in 1 contract

Samples: Loan and Security Agreement (Sophiris Bio Inc.)

Good Faith Deposit. Borrower has paid to Collateral Agent a good faith deposit of Fifty Thousand Dollars ($50,000.00) (the “Good Faith Deposit”), to initiate Collateral Agent’s and Lenders’ due diligence review processes, which amount shall and documentation process. The Good Faith Deposit will be applied used to the pay Lenders’ Expenses due on the Effective Date; provided, however, Borrower shall be responsible for the entire amount of Lenders’ Expenses payable under Section 2.5(d) hereof; and

Appears in 1 contract

Samples: Loan and Security Agreement (Kezar Life Sciences, Inc.)

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Good Faith Deposit. Borrower has paid to Collateral Agent a good faith deposit of Fifty Thousand Dollars ($50,000.0050,000) to initiate Lenders’ Agent’s due diligence review processesprocess (the “Due Diligence Fee”), which amount shall be applied to the Lenders’ non-legal Expenses on the Effective Date; and.

Appears in 1 contract

Samples: Loan and Security Agreement (Rocket Lab USA, Inc.)

Good Faith Deposit. Borrower has paid to Collateral Agent a good faith deposit of Fifty Thousand Dollars ($50,000.00) to initiate Lenders’ due diligence review processes, which amount shall be applied to the Lenders’ Expenses facility fee set forth in Section 2.5(a) on the Effective Date; and

Appears in 1 contract

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

Good Faith Deposit. Borrower has paid to Collateral Agent prior to the Effective Date, a good faith deposit Good Faith Deposit of Fifty Seventy Thousand Dollars ($50,000.0070,000.00) (the “Good Faith Deposit”) to initiate Lenders’ due diligence review processes, process which amount shall be applied to credited against the Lenders’ Expenses on the Effective Date; andCommitment Fee set forth is subsection (a) above.

Appears in 1 contract

Samples: Loan and Security Agreement (Cryocor Inc)

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