Good Faith Deposit. Borrower has paid to Bank a deposit of Twenty Thousand Dollars ($20,000) (the “Good Faith Deposit”) to initiate Bank’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Bank Expenses will be applied to the Facility Fee.
Good Faith Deposit. At the signing of this Agreement, Purchaser agrees to wire transfer to an account to be designated by Seller, the sum of Seven Thousand dollars and No Cents ($7,000.00) as an initial deposit to Seller. At the Closing, as defined below, Purchaser will pay the balance of the Purchase Price, Sixty-Two Thousand Nine Hundred Ninety dollars and No Cents ($62,990.00) to Seller by wire transfer.
Good Faith Deposit. Borrower has delivered to Lenders a good faith deposit in the amount of Forty Thousand Dollars ($40,000) (the “Good Faith Deposit”). The Good Faith Deposit will be 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.
Good Faith Deposit. An amount of Thirty Thousand Dollars ($30,000.00) has been received by Collateral Agent as good faith deposit from Borrower on or about June 27, 2017, which amount shall be applied towards the facility fee due under Section 2.5(a) hereof on the Effective Date. For the purposes of clarity, Borrower shall be responsible for the entire amount of facility fee payable pursuant to Section 2.5(a) hereof.
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
Good Faith Deposit. Buyer deposits $ , to be held by (insert name of seller, title company, other in the following space) to apply toward the purchase price. If this offer is not accepted or if the sale is not closed due to a failure to satisfy a contingency for a reason other than the fault of Buyer, the good-faith deposit shall be refunded to Buyer.
Good Faith Deposit. Borrower has paid to Collateral Agent a deposit of Thirty Thousand Dollars ($30,000.00) (“Good Faith Deposit”), to initiate Collateral Agent’s and Lenders’ due diligence review and documentation process. The Good Faith Deposit will be used to 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(c) hereof.
Good Faith Deposit. Borrower has paid to Agent a deposit of Twenty Five Thousand Dollars ($25,000.00) (the “Good Faith Deposit”), to initiate Agent’s and the Lender’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Lender Expenses shall be applied to the commitment fees referenced in Sections 2.4(a) and (b) above.
Good Faith Deposit. The Representative has delivered to the County a good faith deposit by wire transfer, calculated as one percent (1%) of the estimated principal amount of the Series 2021 Bonds listed on the cover page of the Preliminary Official Statement [ ($ )] (the "Good Faith Deposit") as security for the performance by the Representative of its obligation to accept and pay for the Series 2021 Bonds at Closing in accordance with the provisions hereof. In the event that the County accepts this offer, the Good Faith Deposit will be applied as a credit against the purchase price to be paid by the Underwriters as set forth in Paragraph 1 hereof. In the event the County does not accept this offer, the Good Faith Deposit shall be immediately returned to the Representative. If the Underwriters fail (other than for a reason permitted hereunder) to accept and pay for the Series 2021 Bonds at the Closing as provided herein, the Count may retain the Good Faith Deposit and apply the funds to defray its expenses and as liquidated damages for such failure and for any and all defaults hereunder on the part of the Underwriters, and the retention of such amounts shall constitute a full release and discharge of all claims and damages for such failure and for any and all such defaults hereunder on the part of the Underwriters. In the event that the County fails to deliver the Series 2021 Bonds at the Closing, or if the County is unable at or prior to the Closing Date to satisfy or cause to be satisfied the conditions to the obligations of the Representative contained in this Agreement, or if the obligations of the Representative contained herein shall be cancelled or terminated for any reason permitted by this Agreement, the County shall be obligated to immediately return the Good Faith Deposit to the Representative. Upon any such event and the return of the Good Faith Deposit to the Representative, the County shall be fully discharged from its obligations hereunder and shall not be liable for any damages, claims, costs or expenses in connection therewith.
Good Faith Deposit. A good faith deposit of $10,000 (the “Good Faith Deposit”). The Good Faith Deposit shall be utilized by Bank to pay the expenses incurred by Bank in the due diligence review process. Any portion of the Good Faith Deposit not utilized by Bank to pay such expenses shall be credited to Borrower’s payment of the Bank Expenses described in Section 2.4(d);