Common use of Remedies on Default Clause in Contracts

Remedies on Default. In case any one or more Events of Default shall occur and be continuing, CAPCO may proceed to protect and enforce its rights by an action at law, suit in equity or other appropriate proceedings, against the applicable Borrower on behalf of the applicable defaulting Fund(s), as the case may be. In the case of a default in the payment of any principal or interest on any Loan or in the payment of any fee due hereunder, the relevant Fund(s) (to be allocated among such Funds as the Borrowers deem appropriate) severally shall pay to CAPCO such further amount as shall be sufficient to cover the cost and expense of collection, including, without limitation, reasonable attorney's fees and expenses from the relevant Fund.

Appears in 20 contracts

Samples: Facility Agreement (Usaa Mutual Fund Inc), Facility Agreement (Usaa Tax Exempt Fund Inc), Facility Agreement (Usaa Investment Trust)

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Remedies on Default. In case any one or more Events of Default shall occur and be continuing, CAPCO may proceed to protect and enforce its rights by an action at law, suit in equity or other appropriate proceedings, against the applicable Borrower on behalf of the applicable defaulting Borrower(s) and/or Fund(s), as the case may be. In the case of a default in the payment of any principal or interest on any Loan or in the payment of any fee due hereunder, the relevant Fund(s) (to be allocated among such Funds as the Borrowers deem appropriate) severally shall pay to CAPCO such further amount as shall be sufficient to cover the cost and expense of collection, including, without limitation, reasonable attorney's fees and expenses from the relevant Fundexpenses.

Appears in 13 contracts

Samples: Facility Agreement (Usaa Mutual Fund Inc), Facility Agreement (Usaa State Tax Free Trust), Facility Agreement (Usaa Tax Exempt Fund Inc)

Remedies on Default. In case any one or more Events of Default shall occur and be continuing, CAPCO CapCo may proceed to protect and enforce its rights by an action at law, suit in equity or other appropriate proceedings, against the applicable Borrower on behalf of the applicable defaulting Fund(s), as the case may be. In the case of a default in the payment of any principal or interest on any Loan or in the payment of any fee due hereunder, the relevant Fund(s) (to be allocated among such Funds as the Borrowers deem Borrower deems appropriate) severally shall pay to CAPCO CapCo such further amount as shall be sufficient to cover the cost and expense of collection, including, without limitation, reasonable attorney's ’s fees and expenses from the relevant Fund.

Appears in 5 contracts

Samples: Facility Agreement (Usaa Mutual Funds Trust), Facility Agreement (Usaa Mutual Funds Trust), Facility Agreement (Usaa Mutual Funds Trust)

Remedies on Default. In case any one or more Events of Default shall occur and be continuing, CAPCO may proceed to protect and enforce its rights by an action at law, suit in equity or other appropriate proceedings, against the applicable Borrower on behalf of the applicable defaulting Fund(s), as the case may be. In the case of a default in the payment of any principal or interest on any Loan or in the payment of any fee due hereunder, the relevant Fund(s) (to be allocated among such Funds as the Borrowers deem Borrower deems appropriate) severally shall pay to CAPCO such further amount as shall be sufficient to cover the cost and expense of collection, including, without limitation, reasonable attorney's fees and expenses from the relevant Fund.

Appears in 3 contracts

Samples: Facility Agreement (Usaa Mutual Funds Trust), Facility Agreement (Usaa Mutual Funds Trust), Facility Agreement (Usaa Mutual Funds Trust)

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Remedies on Default. In case any one or more Events of Default shall occur and be continuing, CAPCO may proceed to protect and enforce its rights by an action at law, suit in equity or other appropriate proceedings, against the applicable Borrower on behalf of the applicable defaulting Fund(s), as the case may be. In the case of a default in the payment of any principal or interest on any Loan or in the payment of any fee due hereunder, the relevant Fund(s) (to be allocated among such Funds as the Borrowers deem Borrower deems appropriate) severally shall pay to CAPCO such further amount as shall be sufficient to cover the cost and expense of collection, including, without limitation, reasonable attorney's ’s fees and expenses from the relevant Fund.

Appears in 1 contract

Samples: Facility Agreement (Usaa Mutual Funds Trust)

Remedies on Default. In case any one or more Events of Default shall occur and be continuing, CAPCO CapCo may proceed to protect and enforce its rights by an action at law, suit in equity or other appropriate proceedings, against the applicable Borrower on behalf of the applicable defaulting Fund(s), as the case may be. In the case of a default in the payment of any principal or interest on any Loan or in the payment of any fee due hereunder, the relevant Fund(s) (to be allocated among such Funds as the Borrowers deem applicable Borrower deems appropriate) severally shall pay to CAPCO CapCo such further amount as shall be sufficient to cover the cost and expense of collection, including, without limitation, reasonable attorney's fees and expenses from the relevant Fund.

Appears in 1 contract

Samples: Facility Agreement (Usaa Mutual Funds Trust)

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