Examples of Due Diligence Fee in a sentence
Unless waived in writing by Lessor, this Lease shall automatically terminate if the Due Diligence Fee or Additional Due Diligence Fees are not received by Lessor within the time required.
If the improvements on the Property are destroyed or materially damaged prior to Closing, Buyer may terminate this Contract by written notice delivered to Seller or Seller’s agent and the Xxxxxxx Money Deposit and any Due Diligence Fee shall be refunded to Buyer.
To the extent permissible by the law of the jurisdiction in which the Company is or is seeking to conduct its Purposes, the Manager shall be entitled to receive an amount equal to four percent (4%) of the total price for the real property as a fee for due diligence expenses (the "Due Diligence Fee"), and is payable for diligence efforts regardless of actual closed acquisitions.
If Seller fails to materially comply with any of Seller’s obligations under this Paragraph 6 or Seller materially breaches this Contract, and Buyer elects to terminate this Contract as a result of such failure or breach, then the Xxxxxxx Money Deposit and the Due Diligence Fee shall be refunded to Buyer and Seller shall reimburse to Buyer the reasonable costs actually incurred by Buyer in connection with Xxxxx’s Due Diligence without affecting any other remedies.
Subject to Lessee’s timely payment of the Due Diligence Fee or Additional Due Diligence Fee, if applicable, under Paragraph 3, the initial term of this Lease shall be five (5) years commencing on the Commencement Date and terminating the day before the fifth (5th) anniversary of the Commencement Date (“Initial Term”).