Collection Expenses definition
Collection Expenses means all reasonable out-of-pocket costs or expenses (if any) and, if applicable, reasonable transaction costs, incurred by the Issuer in connection with the collection, enforcement, negotiation, consummation, settlement, proceedings, administration or other activity related to the receipt and/or collection of the relevant proceeds, as applicable.
Collection Expenses. If we take legal action, such as the filing of a lawsuit, to collect what you owe us, you will pay our reasonable expenses, including attorney’s fees. Statements: We send statements for all accounts. Your statement will be sent, or made available through online banking, monthly, quarterly or annually, depending on the type of account you have and the services you use. Checking and money market accounts receive a statement each month. All savings accounts will receive a statement for every month in which there is an electronic transfer to or from the account. If an electronic transfer does not occur, a quarterly statement will be issued for statement savings accounts. You agree to examine all statements and any accompanying items promptly upon receipt, and to notify us immediately and provide all relevant facts if you discover any unauthorized signatures, alterations or other errors with your statement. Your failure to promptly notify us of any discovered errors may affect your ability to be reimbursed for any losses that you may incur as a result. You agree that the time you have to examine your statement and notify us in writing will depend on the circumstances, but will not, in any circumstance, exceed a total of 30 days (unless a longer period is required by applicable law) from when the statement is first sent or made available to you. If you do not provide us with notice within this time frame, you may have to share any losses that may occur on your account due to unauthorized signatures or alterations, or bear the losses entirely. Your losses could be not only with respect to items on the statement but subsequent items with unauthorized signatures or alterations by the same wrongdoer. Additionally, you agree that if you fail to report any unauthorized signatures, alterations or forgeries in your account within 60 days of when we first send or make the statement available, you cannot assert a claim against us on any items in that statement, and as between you and us the loss will be entirely yours, regardless of whether we exercised ordinary care. This section does not apply to transactions covered by the Electronic Funds Transfer portion of this Agreement. We will send your papers statements, if you have elected to receive them, to the address we have for you in our records. If your statement is returned to us because of an incorrect or otherwise undeliverable address, we may stop sending statements to you until we are provided with a correct and del...
Collection Expenses means the reasonable out-of-pocket expenses incurred by any Party in connection with the negotiation and collection of Third Party Reinsurance Recoverables or Commutation Payments.
Examples of Collection Expenses in a sentence
Where permitted by state law, loan related Collection Expenses are governed by the provisions outlined in the loan and/or credit card agreement.
More Definitions of Collection Expenses
Collection Expenses means, with respect to the failure of one Party to pay any amount due pursuant to this Agreement to the other Party, (i) any costs and expenses (including reasonable legal fees and expenses) incurred by the other Party in connection with a legal action to enforce this Agreement that results in a judgment for such amount due, and (ii) interest on the amount in the foregoing clause (i) calculated from the date such amount is due until the date paid at a rate equal to the prime rate as published in The Wall Street Journal, Eastern Edition in effect on the date of such payment.
Collection Expenses means Payplant’s out-of-pocket costs and expenses in pursuing collection from Defaulting Clients, Defaulting Debtors, including Payplant’s reasonable outside counsel fees, collection agency fees, court costs, and other third-party expenditures.
Collection Expenses. If we take legal action, such as the filing of a lawsuit, to collect what you owe us, you will pay our reasonable expenses, including attorney’s fees. Statements: We send statements for all accounts. Your statement will be sent, or made available through online banking, monthly, quarterly or annually, depending on the type of account you have and the services you use. Checking and money market accounts receive a statement each month. All savings accounts, including passbook savings accounts, will receive a statement for every month in which there is an electronic transfer to or from the account. If an electronic transfer does not occur, a quarterly statement will be issued for statement savings accounts and an annual statement will be issued for passbook savings accounts. You agree to examine all statements and any accompanying items promptly upon receipt, and to notify us immediately and provide all relevant facts if you discover any unauthorized signatures, alterations or other errors with your statement. Your failure to promptly notify us of any discovered errors may affect your ability to be reimbursed for any losses that you may incur as a result. Your statement and all transactions identified thereon will be deemed correct and free of forgeries, alterations or other errors if you fail to alert us otherwise within sixty (60) calendar days after we send you the statement. We will send your papers statements, if you have elected to receive them, to the address we have for you in our records. If your statement is returned to us because of an incorrect or otherwise undeliverable address, we may stop sending statements to you until we are provided with a correct and deliverable address.
Collection Expenses means, with respect to the failure of one Party to pay any amount due pursuant to this Agreement to the other Party,
Collection Expenses means the reasonable out-of-pocket expenses incurred by any Party in connection with the negotiation and collection of Recoverables or Commutation Payments.
Collection Expenses means Lender’s out-of-pocket costs and expenses in pursuing collection from Borrowers, Debtors , including Lender’s reasonable outside counsel fees, collection agency fees, court costs, and other third-party expenditures.
Collection Expenses with respect to any assignment or sublease, shall mean the costs paid or incurred by Tenant or Assignor with respect to such assignment or sublease, as the case may be, pursuant to the provisions of Section 7.11(d)(1) hereof.