Common use of Expenses of Collection Clause in Contracts

Expenses of Collection. All costs, expenses and liabilities incurred by Bank in collecting or attempting to collect on the Term Note, including costs and expenses incurred in proposing or selling or otherwise deriving upon any security, and all reasonable attorneys' fees in connection with such matters, shall constitute a demand obligation of the Company and shall bear interest from the date of expenditure until paid at the per annum rate of three percent (3%) in excess of the Prime Rate.

Expenses of Collection. All costs, expenses and liabilities incurred by Bank in collecting or attempting to collect on the Term Note, including costs and expenses incurred in proposing or selling or otherwise deriving upon any security, and all reasonable attorneys' , fees in connection with such matters, shall constitute a demand obligation of the Company and shall bear interest from the date of expenditure until paid at the per annum rate of three percent (3%) in excess of the Prime Rate.

Expenses of Collection. All reasonable costs, expenses and liabilities incurred by Bank in collecting or attempting to collect on the Term Company Note, including costs and expenses incurred in proposing or selling or otherwise deriving upon any security, and all reasonable attorneys' fees in connection with such matters, shall constitute a demand obligation of the Company and shall bear interest from the date of expenditure until paid at the per annum rate of three percent (3%) % in excess of the Prime Ratestated rate in the Company Note, but not to exceed the maximum rate allowed by law.