Payment of Costs of Collection Clause Samples
The Payment of Costs of Collection clause requires a party who fails to pay amounts owed under an agreement to reimburse the other party for any expenses incurred in collecting those unpaid amounts. This typically covers costs such as attorney fees, court costs, and other reasonable expenses related to pursuing payment. By including this clause, the agreement ensures that the burden of collection costs falls on the non-paying party, discouraging late payments and protecting the payee from additional financial loss.
Payment of Costs of Collection. In case of an Event of Default, or in case litigation is commenced to enforce or construe any term of this Agreement or any other instrument evidencing indebtedness of Debtors to Secured Party or of any other document or agreement executed hereunder, the losing party will pay to the prevailing party such amounts as shall be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney's fees and costs at trial, on appeal, and in any bankruptcy proceeding.
Payment of Costs of Collection. Payor shall be liable for all out-of-pocket costs and expenses of collection, including reasonable attorneys’ fees, incurred by the Holder and arising by virtue of an uncured default of this Note by the Company.
Payment of Costs of Collection. In case of an Event of Default or an event which, with the lapse of time or the giving of notice, or both, would become an Event of Default, or in case litigation is commenced to enforce or construe any term of this Grant Agreement or any other Grant Document, to the extent permitted by law the losing party will pay to the prevailing party such amounts as shall be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney fees and costs prior to and at any arbitration proceeding or at trial, on appeal, or in any bankruptcy proceeding. For purposes of this paragraph, reasonable attorneys’ fees cannot exceed the rate charged to Grantor by its attorneys, including the Oregon Department of Justice.
Payment of Costs of Collection. During the continuation of a Default or Event of Default under this Agreement, the Borrower will pay to the Bank such further amounts as shall be sufficient to cover the costs and expenses of collection, including but not limited to reasonable attorneys’ fees and costs, and all such amounts shall bear interest from the date expended to the date paid at same rate as the Loans within fifteen (15) days of notice from the Bank of the amount of such costs and expenses.
Payment of Costs of Collection. In case of an Event of Default or an event which, with the lapse of time or the giving of notice, or both, would become an Event of Default, or in case litigation is commenced to enforce or construe any term of this Grant Agreement or any other Grant Document, the losing party will pay to the prevailing party such amounts as shall be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney fees and costs prior to and at any arbitration proceeding or at trial, on appeal, or in any bankruptcy proceeding.
Payment of Costs of Collection. In case of an Event of Default, or in case litigation is commenced to enforce or construe any term of the Trust Deed, the Note, or any other Loan Document, the losing Party will, to the extent permitted by law, pay to the prevailing Party such amounts as will be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney fees and costs prior to and at any arbitration proceeding or at trial, on appeal, or in any bankruptcy proceeding, provided that Lender’s liability under this Section 6.15 shall be subject to the limitations provided under Article XI, Section 7 of the Oregon Constitution.
Payment of Costs of Collection. In the case of a default in the payment of any principal of or interest on the Note, the Borrower will pay to Lender such further amount as shall be sufficient to cover the cost of expenses of collection, including but not limited to reasonable attorneys' fees and cost.
Payment of Costs of Collection. In case of a default, or in case litigation is commenced to enforce or construe any term of this Trust Deed, the Note, or any other Loan Document, to the extent permitted by law, the losing party will pay to the prevailing party such amounts as will be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorneys fees and costs prior to and at trial, on appeal, or in any bankruptcy proceeding. Reasonable attorneys fees shall not exceed the rate charged to the Beneficiary by its attorneys.
Payment of Costs of Collection. In case of a default, or in case litigation is commenced to enforce or construe any term of the Note, or any other Loan Document, the losing party will pay to the prevailing party such amounts as may be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney fees and costs prior to and at any arbitration proceeding or at trial, on appeal, or in any bankruptcy proceeding
Payment of Costs of Collection. In case of an Event of Default or an event which, with the lapse of time or the giving of notice, or both, would become an Event of Default, or in case litigation is commenced to enforce or construe any term of this Grant Agreement or any other Grant Document, to the extent permitted by law the losing party will pay to the prevailing party such amounts as shall be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney fees and costs prior to and at any arbitration proceeding the parties may agree to or at trial, on appeal, or in any bankruptcy proceeding.