Initial Due Diligence Fees Sample Clauses
The Initial Due Diligence Fees clause defines the requirement for one party, typically the buyer or investor, to pay a specified fee at the outset of a transaction to cover the costs associated with conducting due diligence. This fee is usually paid upfront, either as a fixed amount or based on an agreed schedule, and may be non-refundable regardless of whether the transaction proceeds. By establishing clear terms for the payment and purpose of these fees, the clause ensures that the party conducting due diligence is compensated for their time and resources, thereby allocating the initial financial risk and clarifying expectations between the parties.
Initial Due Diligence Fees. The Borrower has paid to the Lender due diligence fees (“Initial Due Diligence Fees”) with respect to the Initial Mortgaged Properties.
Initial Due Diligence Fees. On the Initial Closing Date (or, if the proposed Initial Mortgaged Properties do not become part of the Collateral Pool, on demand), Borrower shall pay to Lender due diligence fees (“Initial Due Diligence Fees”) with respect to each Initial Mortgaged Property in an amount equal to the reasonable out-of-pocket costs incurred by Lender in connection with Lender’s due diligence for such Initial Mortgaged Properties, including but not limited to third party reports required by Lender plus a $4,500 fee per Initial Mortgaged Property (inclusive of a $1,500 fee payable by Lender to ▇▇▇▇▇▇ ▇▇▇). On or before the Initial Closing Date, Borrower shall pay a deposit toward the Initial Due Diligence Fees equal to the product obtained by multiplying (i) $12,500, by (ii) the number of Initial Mortgaged Properties, minus the portion of the estimated amount of Initial Due Diligence Fees previously paid to Lender by Borrower . On or prior to the Initial Closing Date, Lender shall notify Borrower of the actual amount of the Initial Due Diligence Fees and Borrower shall, on the Initial Closing Date, pay to Lender the remainder of such Initial Due Diligence Fees (if the actual amount of the Initial Due Diligence Fees exceeds the deposit and the other amounts previously paid to Lender by Borrower) or Lender shall promptly refund to Borrower any amounts paid to Lender by Borrower in excess of the Initial Due Diligence Fees (if the actual amount of the Initial Due Diligence Fees is less than the deposit and the other amounts previously paid to Lender by Borrower).
Initial Due Diligence Fees. Borrower shall pay to Lender non-refundable due diligence fees (“Initial Due Diligence Fees”) with respect to each Initial Mortgaged Property in an amount equal to $5,000 per Initial Mortgaged Property. All Initial Due Diligence Fees shall have been paid prior to the Initial Closing Date and all third party costs and out-of-pocket fees and expenses incurred by Lender and ▇▇▇▇▇▇ Mae shall be paid by Borrower on the Initial Closing Date (or, if the proposed Initial Mortgaged Properties do not become part of the Collateral Pool, on demand).
Initial Due Diligence Fees. The Borrower shall pay to the Lender due diligence fees (“Initial Due Diligence Fees”) with respect to the Initial Mortgaged Properties in an amount equal to Lender’s reasonable actual out-of-pocket due diligence costs and expenses plus $5,000. The Borrower has previously paid to the Lender a portion of the Initial Due Diligence Fees and shall pay the remainder of the Initial Due Diligence Fees to the Lender on the Initial Closing Date.
Initial Due Diligence Fees. The Borrower shall pay to the -------------------------- Lender due diligence fees ("Initial Due Diligence Fees") with respect to the -------------------------- Initial Mortgaged Properties in an amount equal to Lender's reasonable actual out-of-pocket due diligence costs and expenses plus $1,000 per Mortgaged Property. The Borrower has previously paid to the Lender a portion of the Initial Due Diligence Fees and shall pay the remainder of the Initial Due Diligence Fees to the Lender on the Initial Closing Date.
Initial Due Diligence Fees. Borrower shall pay to Lender due diligence fees ("Initial Due Diligence Fees") with respect to the Initial Mortgaged Properties (other than those Initial Mortgaged Properties comprising the Collateral Pool prior to the Initial Closing Date) in an amount equal to $14,750 for each Mortgaged Property. Borrower has previously paid to Lender a portion of the Initial Due Diligence Fees and shall pay the remainder of the Initial Due Diligence Fees to Lender on the Initial Closing Date. Any portion of the Initial Due Diligence Fees paid to Lender not actually used by Lender to cover due diligence expenses shall be promptly refunded to Borrower. If the actual cost of due diligence expenses exceeds the Initial Due Diligence Fees, the Borrower shall promptly pay such excess cost. Borrower has also paid to Lender due diligence fees in an amount equal to $7,750 in respect of each Mortgaged Property comprising the Collateral Pool pursuant to the Original Agreement.
Initial Due Diligence Fees. Borrower shall pay to Lender non-refundable due diligence fees (“Initial Due Diligence Fees”) with respect to each Initial Mortgaged Property in an amount equal to $4,000 per Initial Mortgaged Property. Borrower shall also deposit with Lender an amount equal to $10,000 for each Initial Mortgaged Property (“Initial Due Diligence Deposit”) to be used for the payment of third party costs and out-of-pocket fees and expenses incurred by Lender. All Initial Due Diligence Fees shall have been paid prior to the Initial Closing Date and all third party costs and out-of-pocket fees and expenses (not otherwise covered by the Initial Due Diligence Deposit) incurred by Lender and ▇▇▇▇▇▇ ▇▇▇ shall be paid by Borrower on the Initial Closing Date (or, if the proposed Initial Mortgaged Properties do not become part of the Collateral Pool, on demand). Any portion of the Initial Due Diligence Fee Deposit deposited with Lender and not actually used by Lender to cover due diligence expenses shall be refunded to Borrower on the Initial Closing Date.
Initial Due Diligence Fees. The Borrower shall pay to the Lender due diligence fees (the "INITIAL DUE DILIGENCE FEES") with respect to the Initial Mortgaged Properties equal to the lesser of -
Initial Due Diligence Fees. Borrower has paid to Lender non-refundable due diligence fees (“Initial Due Diligence Fees”) with respect to each Initial Mortgaged Property. All Initial Due Diligence Fees, third party costs and out-of-pocket fees and expenses incurred by Lender and ▇▇▇▇▇▇ ▇▇▇ shall be paid by Borrower on the Initial Closing Date (or, if the proposed Initial Mortgaged Properties do not become part of the Collateral Pool, on demand). Any portion of the Initial Due Diligence Fee paid to Lender not actually used by Lender to cover reasonable due diligence expenses shall be promptly refunded to Borrower.
Initial Due Diligence Fees. The Borrower shall pay to the Loan Servicer due diligence fees (“Initial Due Diligence Fees”) with respect to the Initial Mortgaged Properties in an amount not to exceed the product obtained by multiplying (i) $16,000 ($14,500 for the Loan Servicer to and $1,500 for ▇▇▇▇▇▇ ▇▇▇), by (ii) the number of Initial Mortgaged Properties. The Borrower has previously paid to the Loan Servicer a portion of the Initial Due Diligence Fees and shall pay the remainder of the Initial Due Diligence Fees to the Loan Servicer on the Initial Closing Date. Any portion of the Initial Due Diligence Fee paid to the Loan Servicer not actually used by the Loan Servicer to cover reasonable due diligence expenses shall be promptly refunded to the Borrower.