Common use of LATE CHARGES AND OTHER COSTS IN CASE OF DEFAULT Clause in Contracts

LATE CHARGES AND OTHER COSTS IN CASE OF DEFAULT. The Member covenants and agrees that, in addition to the other sums that have become or will become due, pursuant to the terms of this agreement, the Member shall pay to the Cooperative a late charge in an amount to be determined from time to time by the Board of Directors for each payment of Monthly Housing Charges, or part thereof, more than 10 days in arrears. If a Member defaults in making a payment of Monthly Housing Charges or in the performance or observance of any provision of this agreement, and the Cooperative has obtained the services of any attorney with respect to the defaults involved, the Member covenants and agrees to pay to the Cooperative any costs or fees involved, including reasonable attorney's fees, notwithstanding the fact that a suit has not yet been instituted. In case a suit is instituted, the Member shall pay the cost of the suit, in addition to other aforesaid cost and fees.

LATE CHARGES AND OTHER COSTS IN CASE OF DEFAULT. The Member covenants and agrees that, in addition to the other sums that have become or will become due, pursuant to the terms of this agreement, the Member shall pay to the Cooperative Corporation a late charge in an amount to be determined from time to time by the Board of Directors for each payment of Monthly Housing ChargesCarrying Charges or other properly assessed charges, or part thereof, more than 10 days in arrears. If a Member defaults in making a payment of Monthly Housing Carrying Charges or in the performance or observance of any provision of this agreementAgreement, and the Cooperative Corporation has obtained the services of any attorney or a collection agency with respect to the defaults involved, the Member covenants and agrees to pay to the Cooperative Corporation any costs or fees involved, including reasonable attorney's fees, notwithstanding the fact that a suit has not yet been instituted. In case a suit is instituted, the Member shall also pay the cost costs of the suit, in addition to other aforesaid cost costs and fees.

LATE CHARGES AND OTHER COSTS IN CASE OF DEFAULT. The Member covenants convenants and agrees that, in addition to the other sums that have become or will become due, pursuant to the terms of this agreementLease, the Member shall pay to the Cooperative Cooperative, a late charge in an amount to be determined from time to time by the Board of Directors for each payment of Monthly Housing Carrying Charges, or part thereof, more than 10 ten days in arrears. If a the Member defaults in making a payment of Monthly Housing Carrying Charges or in the performance or observance of any provision of this agreementLease, and the Cooperative has obtained the services of any attorney with respect to the defaults default involved, the Member covenants convenants and agrees to pay to the Cooperative any costs or fees involved, including reasonable attorney's fees, attorney fees notwithstanding the fact that a suit has not yet been instituted. In case a suit is institutedinstituted by the Cooperative, the Member shall also pay the cost costs of the suit, in addition to other aforesaid cost costs and fees.