Due Diligence Expense definition

Due Diligence Expense mean the reasonable and documented third party expenses incurred by Buyer with respect to its contemplated acquisition of the Property Assets, including but not limited to attorneys' fees (including fees and expenses incurred in negotiating this Agreement), engineering fees, title and survey charges, lender fees, and all other reasonable and documented third party expenses related to this transaction. In no event shall Due Diligence Expenses payable hereunder exceed $80,000.
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Due Diligence Expense means the $2,500 Due Diligence Expense Allowance to be paid to the entity identified on Schedule A hereto.
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Examples of Due Diligence Expense in a sentence

  • In addition, no selling commission, Marketing Contribution or Due Diligence Expense Allowance shall be payable in connection with the sale of Shares directly by the Company, in connection with the performance of services, to employees and associates of the Company and its Affiliates, the Advisor, Affiliates of the Advisor, the Dealer Manager or their respective officers and employees and certain of their affiliates who request and are entitled to such discount.

  • Upon termination of this Agreement and the payment to Buyer of the Deposit and its Due Diligence Expense (and costs of recovery) as provided above, neither party shall have any further rights or obligations with respect to the other under this Agreement, except for the Covenants Surviving Termination.

  • Per Share Total Maximum Offering: Price to public $10.00 $50,000,000 Less selling commissions $0.60 $3,000,000 Less Dealer Manager fee $0.25 $1,250,000 Less Due Diligence Expense Reimbursements $0.10 $500,000 Remaining Proceeds $9.05 $45,250,000 Included within the compensation described above and not in addition to, our manager may pay certain costs associated with the sale and distribution of our Shares, including salaries of wholesalers.

  • The Fund shall cause the following payments and fees to be paid to the General Partners or their Affiliates: (i) to the Selling Agent, the Selling Commissions and the Due Diligence Expense Reimbursement Fee.

  • Except for payment of the Selling Commissions and the re-allowance of the Due Diligence Expense Reimbursement Fee, the General Partner shall not directly or indirectly pay or award any commission or other compensation to any Person engaged by a potential Investor for investment advice as an inducement to such advisor to advise the purchase of Units.

  • In addition, NTS Securities will receive an Accountable Due Diligence Expense Allowance up to 1/2% of the Gross Proceeds.

  • Within three business days of receipt of such Notice, Bedford may terminate the Agreement and receive a refund of the Deposit and, only if the transaction results in a material adverse impact, Bedford shall receive a refund from Seller of all of Bedford’s Due Diligence Costs not to exceed the Due Diligence Expense Cap.

  • Each of the parties shall pay its own fees and expenses (including the fees of any attorneys, accountants, appraisers or others engaged by such party) in connection with this Agreement and the transactions contemplated hereby, except that the Company shall pay a Due Diligence Expense Fee of Ten Thousand Dollars ($10,000) in cash, $5,000 of which has been previously paid to Investor and $5,000 of which will be paid from the first Advance hereunder.

  • The Partnership shall cause the following payments and fees to be paid to the General Partner, the Manager and their respective Affiliates: (i) to the Selling Agent, the Selling Commissions and the Due Diligence Expense Reimbursement Fee.

  • Upon receipt of such notice, Buyer may elect to proceed with the Closing without such indemnity under the penultimate paragraph (in which case the Seller shall be excused from any further indemnity obligation under said indemnity but not from obligations accrued therefrom prior thereto), or to terminate its obligations hereunder (in which case the Seller shall remain liable for and pay the Due Diligence Expense).

Related to Due Diligence Expense

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Due Diligence Fee means a payment of an annual fee equal to $800 due upon the date of this Agreement and $500 due upon each anniversary thereof so long as any Advance is outstanding or available hereunder.

  • Due Diligence Period has the meaning set forth in Section 4.1.

  • Due Diligence Materials means the information to be provided by Seller to Purchaser pursuant to the provisions of Section 4.1 hereof.

  • Due Diligence means examinations, inspections, investigations, tests, studies, analyses, appraisals, evaluations and/or investigations with respect to the Property, the Documents, and other information and documents regarding the Property, including, without limitation, examination and review of title matters, applicable land use and zoning Laws and other Laws applicable to the Property, the physical condition of the Property, and the economic status of the Property.

  • Due Diligence Review means the performance by Buyer of any or all of the reviews permitted under Section 44 hereof with respect to any or all of the Loans or Seller or related parties, as desired by Buyer from time to time.

  • Customer Due Diligence means a process which involves establishing the identity of a client, the identity of the client’s beneficial owners in respect of legal persons and monitoring all transactions of the client against the client’s profile;

  • Due Diligence Information means any information supplied to the Supplier by or on behalf of the Customer prior to the Call Off Commencement Date;

  • Due Diligence Request means the due diligence request letter from Xxxxxxx and Xxxxxx LLP, counsel to the Purchaser, dated March 6, 2024.

  • Inspection Fee means a fee payable to Lender or Loan Servicer for performing any inspection required by this Agreement in an amount not to exceed $500.00 per inspection.

  • Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.

  • Closing Costs means, collectively, all initial costs and fees that identified above and in Section 16 that Seller agrees to pay to Buyer as consideration for agreeing to enter into this Agreement.

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Cure Costs means with respect to any Assumed Contract, the Liabilities that must be paid or otherwise satisfied to cure all monetary defaults under such Assumed Contract to the extent required by Section 365(b) of the Bankruptcy Code.

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Permitted Expenses means the reasonable and documented costs and expenses incurred by the Agents and the Lenders (and their respective agents or professional advisors) in connection with the preparation, administration, amendment and due diligence of this Agreement and the other Credit Documents and, which costs and expenses the Borrower shall reimburse to the Administrative Agent or shall pay or cause to be paid in accordance with the Credit Documents. “Permitted Expenses” shall include, without limitation, the expenses set forth in Sections 5.10 and 9.2 hereof.

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Buyers Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Due Diligence Service Provider As defined in Section 12.13(l) of this Agreement.

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender:

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.