Common use of Origination Fee Clause in Contracts

Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Thousand Five Hundred Dollars ($7,500) upon execution of the initial term sheet (which it is hereby acknowledged that such amount was paid by the Company as of the date hereof).

Appears in 2 contracts

Samples: Drawdown Equity Financing Agreement (Aqualiv Technologies, Inc.), Drawdown Equity Financing Agreement (Aqualiv Technologies, Inc.)

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Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Ten Thousand Five Hundred Dollars ($7,50010,000) in cash. The Company agrees to pay to the Investor Ten Thousand Dollars ($10,000) in cash upon execution closing of the initial term sheet (which it is hereby acknowledged that such first Drawdown. Specifically, the Company agrees to pay this amount was paid to the Investor in four equal installments of $2,500 each out of the first four drawdowns undertaken by the Company or at such earlier time as of the date hereof)Company,in its discretion, has the available resources to make such payment.

Appears in 2 contracts

Samples: Drawdown Equity Financing Agreement (Inolife Technologies, Inc.), Drawdown Equity Financing Agreement (Feel Golf Co Inc)

Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Five Thousand Dollars ($5,000), which has been paid and Seven Thousand Five Hundred Dollars ($7,500) upon execution in cash which will be taken out of the initial term sheet (which it is hereby acknowledged that such amount was paid by the Company as proceeds of the date hereof)first Drawdown.

Appears in 1 contract

Samples: Drawdown Equity Financing Agreement (Electronic Control Security Inc)

Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Twelve Thousand and Five Hundred Dollars ($7,50012,500) upon execution in cash which will be paid out of proceeds from the initial term sheet (which it first and any subsequent Drawdown(s) until that amount is hereby acknowledged that such amount was paid by the Company as of the date hereof)in full.

Appears in 1 contract

Samples: Drawdown Equity Financing Agreement (Evcarco, Inc.)

Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Fifteen Thousand Five Hundred Dollars ($7,50015,000) in cash. The Company agrees to pay to the Investor Fifteen Thousand Dollars ($15,000) in cash upon execution closing of the initial term sheet (which it is hereby acknowledged that such amount was paid by the Company as of the date hereof)first Drawdown.

Appears in 1 contract

Samples: Drawdown Equity Financing Agreement (Feel Golf Co Inc)

Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Fifteen Thousand Five Hundred Dollars ($7,50015,000) in cash. The Company has paid the Investor Five Thousand Dollars ($5,000) in cash. The Company agrees to pay to the Investor the remaining Ten Thousand Dollars ($10,000) in cash upon execution closing of the first Drawdown or to immediately provide this amount to the Investor out of the net proceeds of the initial term sheet (which it is hereby acknowledged that such amount was paid by and all subsequent Drawdowns until the Company as remaining portion of the date hereof)this fee has been met.

Appears in 1 contract

Samples: Drawdown Equity Financing Agreement (Seaway Valley Capital Corp)

Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Thousand Five Hundred Dollars TWO THOUSAND FIVE HUNDRED DOLLARS ($7,5002,500) which will be paid immediately upon execution of the initial Drawdown Equity Financing Facility term sheet and FIVE THOUSAND DOLLARS ($5,000) in cash which it is hereby acknowledged that such amount was paid by the Company as will be taken out of the date hereof)proceeds of the first Drawdown.

Appears in 1 contract

Samples: Drawdown Equity Financing Agreement (Monster Offers)

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Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Fifteen Thousand Five Hundred Dollars ($7,50015,000) which will be paid as follows: Five Thousand Dollars ($5,000) immediately upon execution of the initial term sheet and Ten Thousand Dollars (which it is hereby acknowledged that such amount was paid by the Company as $10,000) will be due out of proceeds out of the date hereof)first and any subsequent drawdown until this amount is met.

Appears in 1 contract

Samples: Drawdown Equity Financing Agreement (Exergetic Energy, Inc.)

Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Fifteen Thousand Five Hundred Dollars ($7,50015,000) in cash which will be paid as follows: a) Five Thousand Dollars ($5,000) in cash immediately upon execution of the initial term sheet and b) Ten Thousand Dollars (which it is hereby acknowledged that such amount was paid by the Company as $10,000) in cash to be taken out of the date hereof)proceeds from the first and any subsequent Advance Requests until that amount is paid in full.

Appears in 1 contract

Samples: Drawdown Equity Financing Agreement (Exergetic Energy, Inc.)

Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Thousand Five Hundred Dollars ($7,500) which will be paid immediately upon execution of the initial Drawdown Equity Financing Facility term sheet and Seven Thousand Five Hundred Dollars ($7,500) in cash which it is hereby acknowledged that such amount was paid by the Company as will be taken out of the date hereof)proceeds of the first Drawdown.

Appears in 1 contract

Samples: Drawdown Equity Financing Agreement (Coastal Pacific Mining Corp)

Origination Fee. The Company is obligated to pay the Investor a non-refundable origination fee equal to Seven Two Thousand Five Hundred Dollars ($7,5002,000) which will be paid immediately upon execution of the initial Drawdown Equity Financing Facility term sheet and Eight Thousand Dollars ($8,000) in cash which it is hereby acknowledged that such amount was paid by the Company as will be taken out of the date hereof)proceeds of the first Drawdown.

Appears in 1 contract

Samples: Drawdown Equity Financing Agreement (Steele Resources Corp)

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