Common use of Legal, Due Diligence and Documentation Expenses Clause in Contracts

Legal, Due Diligence and Documentation Expenses. Borrower authorizes Lender, concurrently with Borrower’s and Lender’s execution and delivery of this Agreement, to apply Twenty-Five Thousand Dollars ($25,000) from the Good Faith Deposit to pay for Lender’s legal, due diligence and documentation expenses in connection with the negotiation and documentation of this Agreement and the Loan Documents and such payment shall satisfy in full Borrower’s obligation to pay the same.

Legal, Due Diligence and Documentation Expenses. Borrower authorizes Lender, concurrently with Borrower’s and Lender’s execution and delivery of this Agreement, to apply Twenty-Five Fifteen Thousand Dollars ($25,00015,000) from the Good Faith Deposit to pay for Lender’s legal, due diligence Legal and documentation expenses in connection with the negotiation and documentation of this Agreement and the Loan Documents Due Diligence and such payment shall satisfy in full Borrower’s obligation to pay the same. Notwithstanding the foregoing, if a Qualified Public Offering does not occur, Lender shall repay Borrower Five Thousand Dollars ($5,000) of such Legal and Due Diligence Expenses.

Legal, Due Diligence and Documentation Expenses. Borrower authorizes Lender, concurrently with Borrower’s and Lender’s execution and delivery of this Agreement, to apply Twenty-Five Fifteen Thousand Dollars ($25,00015,000) from the Good Faith Deposit to pay for Lender’s legal, due diligence Legal and documentation expenses in connection with the negotiation and documentation of this Agreement and the Loan Documents Due Diligence and such payment shall satisfy in full Borrower’s obligation to pay the same.

Legal, Due Diligence and Documentation Expenses. Borrower authorizes Lender, concurrently with Borrower’s and Lender’s execution and delivery of this Agreement, to apply Twenty-Five Fifteen Thousand Dollars ($25,00015,000) from the Good Faith Deposit to pay for Lender’s legal, due diligence and documentation expenses in connection with the negotiation and documentation of this Agreement and the Loan Documents and such payment shall satisfy in full Borrower’s obligation to pay the same.