Common use of COLLECTION EXPENSE Clause in Contracts

COLLECTION EXPENSE. In the event the Borrower fails to pay the Bank any amounts due under this Agreement or under the Documents, the Borrower shall pay all costs of collection, including reasonable attorneys' fees and legal expenses incurred by the Bank.

Appears in 2 contracts

Sources: Credit Agreement (Biosensor Corp), Term Loan and Credit Agreement (Industrial Rubber Products Inc)

COLLECTION EXPENSE. In the event the Borrower fails to pay the Bank any amounts due under this Agreement or under the Documents, the Borrower shall pay all costs of collection, . including reasonable attorneys' attorney's fees and legal expenses incurred by the Bank.

Appears in 1 contract

Sources: Credit Agreement (Asv Inc /Mn/)

COLLECTION EXPENSE. In the event the Borrower fails to pay the Bank any amounts due under this Agreement or under the Documents, the Borrower shall pay all costs of collection, including reasonable attorneys' fees and legal expenses incurred by the Bank.. ADVANCES AND PAYMENTS

Appears in 1 contract

Sources: Credit Agreement (Research Inc /Mn/)