ATTORNEY FEES AND COSTS OF COLLECTION Sample Clauses

The "Attorney Fees and Costs of Collection" clause establishes which party is responsible for paying legal fees and expenses incurred in the process of collecting debts or enforcing the terms of the agreement. Typically, this clause stipulates that if one party fails to fulfill their obligations and legal action is required, the defaulting party must reimburse the prevailing party for reasonable attorney fees and related costs. This provision serves to deter breaches by making the consequences of non-compliance more financially burdensome and ensures that the non-breaching party is not unfairly penalized by the costs of enforcement.
ATTORNEY FEES AND COSTS OF COLLECTION. If any amount, which I owe under this agreement, is referred for collection to an Attorney who is not your salaried employee or to any other collection agent, I will pay the reasonable collection fees, including attorney fees and costs incurred in collection of amounts I owe.
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ATTORNEY FEES AND COSTS OF COLLECTION. ▇▇▇▇▇ agrees that Metalfrio has and reserves the right to seek collection from Buyer of all overdue amounts and claims through all lawful means, including, but not limited to: (i) the initiation of legal proceedings against Buyer in the courts of law identified in ¶ 18(b.), and (ii) the presentation, collection and defense of its claim pursuant to a contested matter or adversary proceeding initiated by or against Metalfrio in a Bankruptcy Proceeding. ▇▇▇▇▇ agrees that in any such legal proceeding brought or initiated under (i) and/or (ii), above, ▇▇▇▇▇ agrees that Metalfrio is entitled to recover all of its reasonable legal fees (including reasonable attorneys fees) and costs associated with such collection and legal proceedings.
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ATTORNEY FEES AND COSTS OF COLLECTION. Should any Member or former Member fail to pay any deposit, readjusted deposit, or retrospective deposit when due, the Member shall also be liable to the Authority for attorney fees and costs incurred by the Authority in pursuing collection of such sums.
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Related to ATTORNEY FEES AND COSTS OF COLLECTION

  • Attorneys’ Fees and Cost of Collection In the event any suit, action or arbitration is filed by either party against the other to interpret or enforce any of the Transaction Documents, the unsuccessful party to such action agrees to pay to the prevailing party all costs and expenses, including attorneys’ fees incurred therein, including the same with respect to an appeal. The “prevailing party” shall be the party in whose favor a judgment is entered, regardless of whether judgment is entered on all claims asserted by such party and regardless of the amount of the judgment; or where, due to the assertion of counterclaims, judgments are entered in favor of and against both parties, then the arbitrator shall determine the “prevailing party” by taking into account the relative dollar amounts of the judgments or, if the judgments involve nonmonetary relief, the relative importance and value of such relief. Nothing herein shall restrict or impair an arbitrator’s or a court’s power to award fees and expenses for frivolous or bad faith pleading. If (i) the Note is placed in the hands of an attorney for collection or enforcement prior to commencing arbitration or legal proceedings, or is collected or enforced through any arbitration or legal proceeding, or Investor otherwise takes action to collect amounts due under the Note or to enforce the provisions of the Note, or (ii) there occurs any bankruptcy, reorganization, receivership of Company or other proceedings affecting Company’s creditors’ rights and involving a claim under the Note; then Company shall pay the costs incurred by Investor for such collection, enforcement or action or in connection with such bankruptcy, reorganization, receivership or other proceeding, including, without limitation, attorneys’ fees, expenses, deposition costs, and disbursements.

  • Attorney Fees and Costs Unless prohibited by law, if Grantor prevails in any proceeding to enforce the terms of this Agreement, including any administrative hearing pursuant to the Grant Funds Recovery Act or the Grant Accountability and Transparency Act, the Grantor has the right to recover reasonable attorneys’ fees, costs and expenses associated with such proceedings.

  • Payment of Costs and Fees The Borrower shall pay to the Administrative Agent all reasonable costs, out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses of any attorneys retained by the Administrative Agent) to the extent provided in Section 10.5 of the Credit Agreement.

  • Attorneys’ Fees and Costs If any action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorney's fees, costs and necessary disbursements in addition to any other relief to which he may be entitled.

  • Attorneys’ Fees, Costs and Expenses In any action or proceeding between Borrower and Bank arising out of or relating to the Loan Documents, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and other costs and expenses incurred, in addition to any other relief to which it may be entitled.