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Good Faith Cooperation
Good Faith Cooperation contract clause examples
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Good Faith Deposit. An amount of Seventy-Five Thousand Dollars ($75,000), which amount has been received by Collateral Agent as a good faith deposit from Borrower prior to the Effective Date, to be applied towards Lenders’ Expenses incurred through the Effective Date payable pursuant to Section 2.5(e) hereof;

The Members of the JSC shall act in good faith to cooperate with one another and seek agreement with respect to issues to be decided by the JSC. The Parties shall endeavor to make decisions by consensus.

Good Faith Deposit. An amount of $50,000.00 has been received by Collateral Agent as a good faith deposit from Borrower on or about December 10, 2021, which amount shall be applied towards the Lenders’ Expenses due under Section 2.5(e) that have been incurred through the Effective Date and the balance, if any, shall be applied towards the Facility Fee due under [Section 2.5(b)] on the Effective Date. For the purposes of clarity, Borrower shall be responsible for the entire amount of the Lenders’ Expenses payable under Section 2.5(e) and the entire amount of the Facility Fee payable under [Section 2.5(b)]; (b) Facility Fee. A non-refundable facility fee of Six Hundred Twenty Five Thousand Dollars ($625,000.00) to be shared between the Lenders pursuant to their respective Commitment Percentages payable as follows: # Twenty Five Thousand Dollars ($25,000.00) of the facility fee shall be fully earned, due and payable on the Effective Date, # Seventy Five Thousand Dollars ($75,000.00) of the facility fee shall be fully earned, due and payable on the Funding Date of the Term B Loan, # Two Hundred Seventy Five Thousand Dollars ($275,000.00) (or Three Hundred Fifty Thousand Dollars ($350,000) if the Term B Loans have not been made on or prior to June 30, 2022 and the Funding Date of the Term C Loans is after June 30, 2022) of the facility fee shall be fully earned, due and payable on the Funding Date of the Term C Loan and # the remaining Two Hundred Fifty Thousand Dollars ($250,000.00) of the facility fee shall be fully earned, due and payable on the Funding Date of the Term D Loan (it being agreed and understood that the funding of the Term D Loans, upon request of Borrower, is at the sole discretion of Lenders);

Good Faith Deposit. An amount of Fifty Thousand Dollars ($50,000) has been received by Collateral Agent as a good faith deposit from Borrower on or about February 13, 2020, and will be applied towards Lenders’ Expenses for the documentation and negotiation of this Agreement that are payable by the Borrower pursuant to [Section 2.5(d)] hereof. For the purposes of clarity, Borrower shall be responsible for all Lender’s Expenses payable pursuant to [Section 2.5(d)] hereof.

Good Faith Efforts. The Parties agree to use commercially reasonable, good-faith efforts to effectuate the transactions contemplated by this Agreement.

Good Faith Efforts. Each Party will use good faith efforts to fulfill its obligations under this Agreement.

Good Faith Deposit. Borrower has paid to Collateral Agent a deposit of One Hundred Thousand Dollars ($100,000.00) (the “Good Faith Deposit”), to initiate the Collateral Agent’s and Lenders’ due diligence review and documentation process. The Good Faith Deposit shall be utilized to pay Lenders’ Expenses.

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 Bank a good faith 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 on the Effective Date shall be deposited into the Designated Deposit Account;

Good Faith Deposit. An amount of Fifty Thousand Dollars ($50,000.00) has been received by Collateral Agent as good faith deposit from Borrower on or about August 21, 2018, which amount shall be applied towards the Lender’s Expenses due on the Effective Date (it being agreed and understood that Borrower shall remain responsible for all Lender’s Expenses in accordance with Section 2.5(d) hereof) and the balance, if any, shall be applied towards other payment Obligations of Borrower hereunder in accordance with the Collateral Agent’s and Lenders’ discretion;

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