Common use of Cost of Collection Clause in Contracts

Cost of Collection. If the Borrower fails to make any payment under this Agreement as and when required, the Borrower must pay, to the extent permitted by Applicable Law, the Secured Parties' court and collection costs, including legal fees, any costs incurred in the disposition of the Collateral, and, if the Loan is referred for collection to any attorney not employed by the Agent or one of its Affiliates, the Agent's reasonable attorney fees.

Appears in 6 contracts

Samples: Loan and Security Agreement (Belport Capital Fund LLC), Loan and Security Agreement (Belair Capital Fund LLC), Loan and Security Agreement (Belrose Capital Fund LLC)

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Cost of Collection. If the Borrower fails to make any payment under this Agreement as and when required, the Borrower must pay, to the extent permitted by Applicable Law, the Secured Parties' Party's court and collection costs, including legal fees, any costs incurred in the disposition of the Collateral, and, if the Loan is referred for collection to any attorney not employed by the Agent Lender or one of its Affiliates, the AgentLender's reasonable attorney fees.

Appears in 5 contracts

Samples: Loan and Security Agreement (Belcrest Capital Fund LLC), Loan and Security Agreement (Belmar Capital Fund LLC), Loan and Security Agreement (Belport Capital Fund LLC)

Cost of Collection. If the Borrower fails to make any payment under this Agreement as and when required, the Borrower must pay, to the extent permitted by Applicable Lawapplicable law, the Secured Parties' Lender's court and collection costs, including legal feesfees actually incurred, any costs incurred in the disposition of the Collateral, and, if the Borrower's Loan is referred for collection to any attorney not employed by the Agent Lender or one of its Affiliatesaffiliates, the AgentLender's reasonable attorney feesfees actually incurred.

Appears in 2 contracts

Samples: Loan Agreement (Sierra Health Services Inc), Loan Agreement (Sierra Health Services Inc)

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Cost of Collection. If the Borrower fails to make any payment under this Agreement as and when required, the Borrower must pay, to the extent permitted by Applicable Lawapplicable law, the Secured Parties' court and collection costs, including legal fees, any costs incurred in the disposition of the Collateral, and, if the Loan is referred for collection to any attorney not employed by the Agent Lender or one of its Affiliatesaffiliates, the AgentLender's reasonable attorney fees.

Appears in 2 contracts

Samples: Loan and Security Agreement (Belcrest Capital Fund LLC), Loan and Security Agreement (Belair Capital Fund LLC)

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