Common use of Collection Actions Clause in Contracts

Collection Actions. Regardless of any other provision herein, if you do not pay YapStone the amounts due to YapStone under this Agreement, YapStone reserves the right, either by itself or through a third party that is a collection agency and without limiting the remedies YapStone has under article 12.1, to initiate a collection action against you to recover such funds. Periodically, YapStone may charge interest on unpaid sums that are past due at least 30 (thirty) days at the annualized rate of 10% (ten percent) or at the maximum rate allowed by law applicable periodically. Interest will be calculated on a daily basis from the due date until the amount due in full is paid. In that case, you agree to pay all costs and expenses, including but not limited to, reasonable attorneys' fees and other admissible charges, incurred by or on behalf of YapStone and linked to the collection action.

Collection Actions. Regardless of any other provision Notwithstanding anything else herein, if you do not You fail to pay YapStone the any amounts due owed to YapStone under this Agreement, YapStone reserves the right, either by itself on its own or through a third party that is a collection agency agency, and without limiting the YapStone’s remedies YapStone has under article section 12.1, to initiate a collection action against you You to recover such funds. PeriodicallyYapStone, YapStone from time to time, may charge interest on unpaid sums that are at least thirty (30) days past due at least 30 (thirty) days at the annualized rate of ten percent (10% (ten percent) %), or at the maximum rate allowed permitted by law applicable periodicallylaw, from time to time. Interest will be calculated on a daily basis from the due date until the amount sum due has been paid in full is paidfull. In that casesuch event, you You agree to pay all costs and expenses, including but not limited towithout limitation, reasonable attorneys' ’ fees and other admissible chargesexpenses, incurred by or on behalf of YapStone and linked to in connection with the collection action.