Delinquent Contributions. The Trustees shall notify the District of a delinquency, mistake or discrepancy in its report or contribution. If the District refuses or fails to make contributions or a correct report, the Trustees shall have authority to establish rules and regulations providing for liquidated damages to be added to any delinquent contributions and to take such legal action, including proceedings at law, in equity or, if the Trustees so choose to submit the issue, in arbitration, as in their discretion may be necessary to collect contributions and liquidated damages assessed by them and to recover from any delinquent contributor on behalf of the Trust all costs and reasonable attorney's fees incurred in connection therewith.
Appears in 4 contracts
Samples: Trust Agreement, Trust Agreement, Trust Agreement
