Good Faith Deposit. Borrower has paid to each Lender pursuant to each Lender’s respective Commitment Percentage prior to the Effective Date, a good faith deposit of Thirty Seven Thousand Five Hundred Dollars ($37,500.00), in the aggregate, to initiate the Lenders’ due diligence review process which shall be credited against the fees set forth in Section 2.4(a) on the Effective Date.
Appears in 3 contracts
Samples: Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc), Loan and Security Agreement (Vitae Pharmaceuticals, Inc)
Good Faith Deposit. Borrower has paid to each Lender pursuant to each Lender’s respective Commitment Percentage prior to the Effective Date, Lenders a good faith deposit of Thirty Seven Seventy-Five Thousand Five Hundred Dollars ($37,500.0075,000.00), in the aggregate, to initiate the Lenders’ due diligence review process which shall be credited against the Lenders’ legal fees set forth accrued through the Effective Date and the initial facility fee described in Section 2.4(a2.5(a) on the Effective Date.
Appears in 3 contracts
Samples: Loan and Security Agreement (Invitae Corp), Loan and Security Agreement (Invitae Corp), Loan and Security Agreement (Invitae Corp)
Good Faith Deposit. Borrower has paid to each Lender pursuant to each Lender’s respective Commitment Percentage prior to the Effective Date, Lenders a good faith deposit of Thirty Seven Fifty Thousand Five Hundred Dollars ($37,500.0050,000.00), in . The good faith deposit will be applied towards Lenders Expenses for the aggregate, documentation and negotiation of this Agreement. Any portion of the Good Faith Deposit not utilized to initiate pay Lenders Expenses will be applied to the Lenders’ due diligence review process which shall be credited against the fees set forth in Section 2.4(a) Facility Fee on the Effective Date.; and
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (ConforMIS Inc)
Good Faith Deposit. Borrower has paid to each Lender pursuant to each Lender’s respective Commitment Percentage prior to the Effective Date, Lenders a good faith deposit of Thirty Seven Seventy-Five Thousand Five Hundred Dollars ($37,500.0075,000.00) (the “Good Faith Deposit”), in the aggregate, to initiate the Collateral Agent’s and Lenders’ due diligence review process which and documentation process. The Good Faith Deposit shall be credited against the fees set forth in Section 2.4(a) applied to Lenders’ Expenses incurred on or before the Effective DateDate and the remaining portion, if any, shall be applied to the Facility Fee.
Appears in 1 contract
Samples: Loan and Security Agreement (Selecta Biosciences Inc)
Good Faith Deposit. Borrower has paid to each Lender pursuant to each Lender’s respective Commitment Percentage prior to the Effective Date, Lenders a good faith deposit of Thirty Seven One Hundred Thousand Five Hundred Dollars ($37,500.00), in 100,000.00) (the aggregate, “Good Faith Deposit”) to initiate the Lenders’ due diligence review process which process. Any portion of the Good Faith Deposit that remains after the Good Faith Deposit is applied to the Lenders’ Expenses shall be credited against applied to the fees set forth facility fee referenced in Section 2.4(a2.6(a) on the Effective Dateabove.
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