Costs and Expenses of Collection Clause Samples
The "Costs and Expenses of Collection" clause establishes that a party owing money under an agreement is responsible for reimbursing the other party for any costs incurred in collecting overdue payments. This typically includes reasonable attorney fees, court costs, and other expenses directly related to pursuing payment through legal or administrative means. By assigning these costs to the debtor, the clause discourages late payments and ensures the creditor is not financially burdened by the collection process.
Costs and Expenses of Collection. In the event of a default under this Agreement, all reasonable costs and expenses of collection (including but not limited to, legal fees, disbursements and court costs) of all amounts owing hereunder shall be payable by the Proponent to the County.
Costs and Expenses of Collection. All reasonable costs and expenses of collection (including legal fees, disbursements and court costs) of all amounts owing hereunder or of enforcement of any security created in favour of the City pursuant hereto, shall be for the account of the Proponent and shall be repayable on demand.
Costs and Expenses of Collection. The Guarantor agrees, as principal -------------------------------- obligor and not as a guarantor only, to pay to HRP forthwith upon demand, in immediately available funds, all costs and expenses (including, without limitation, all court costs and all fees and disbursements of counsel to HRP) incurred or expended by HRP in connection with the enforcement of this Guaranty, together with interest on amounts recoverable under this Guaranty from the time such amounts become due until payment at the Default Rate. The Guarantor's covenants and agreements set forth in this Section 3 shall survive the --------- termination of this Guaranty.
Costs and Expenses of Collection. Borrower shall be responsible for all costs incurred by Lender in the collection of the Obligations, including costs and expenses related to the enforcement of Lender’s liens and security interests and foreclosure on the Collateral, attorney fees, Lender’s fees, and court and collection costs, if any.
Costs and Expenses of Collection. The Guarantor agrees, as principal obligor and not as a guarantor only, to pay to HRP forthwith upon demand, in immediately available funds, all costs and expenses (including, without limitation, all court costs and all fees and disbursements of counsel to HRP) incurred or expended by HRP in connection with the enforcement of this Guaranty, together with interest on such amounts from the time such amounts become due until payment at the Default Rate. It shall be a condition of the obligations of Guarantor to pay any fees and expenses payable by it under this Guaranty that HRP shall have, or shall have caused to have, provided the Guarantor with a writing describing such fees and/or expenses in reasonable detail.
Costs and Expenses of Collection. SNH covenants and agrees that if default be made in any payment of principal of or interest on this Note, it will pay to CLJ, such further amount as shall be sufficient to cover all costs and expenses of collection, including reasonable attorneys' fees.
Costs and Expenses of Collection. The Guarantor agrees, as principal obligor and not as a guarantor only, to pay to Landlord forthwith upon demand, in immediately available funds, all reasonable costs and expenses (including, without limitation, all court costs and all reasonable fees and disbursements of counsel to Landlord) incurred or expended by Landlord in connection with the enforcement of this Guaranty, together with interest on such amounts from the time such amounts become due until payment at the Overdue Rate. It shall be a condition of the obligations of Guarantor to pay any fees and expenses payable by it under this Guaranty that Landlord shall have, or shall have caused to have, provided Guarantor with a writing describing such fees and/or expenses in reasonable detail.
Costs and Expenses of Collection. If this Note is collected by or through an attorney at law as a result of a failure of Obligor to pay, when due hereunder, any payment of principal of and interest on this Note, Obligor shall pay all of ▇▇▇▇▇▇'s reasonably incurred costs of collection including, but not limited to, ▇▇▇▇▇▇'s reasonable attorneys' fees.
Costs and Expenses of Collection. If this Note is collected by or through an attorney at law, Obligor shall pay all of the Holder's incurred costs of collection, including, without limitation, Holder's attorneys' fees.
Costs and Expenses of Collection. All reasonable costs and expenses of collection (including legal fees, disbursements, and court costs) of all amounts owing hereunder or of enforcement of any security created in favour of the City pursuant hereto, shall be for the account of the Proponent and shall be repayable within thirty (30) days from the date of request.