COLLECTION COST Clause Examples
The COLLECTION COST clause establishes the responsibility of a party to pay for any expenses incurred in collecting overdue payments or debts. Typically, this means that if one party fails to pay amounts owed under the agreement, they will be liable for reasonable costs such as attorney fees, court costs, or collection agency fees that the other party incurs in pursuing payment. This clause ensures that the burden of collection expenses falls on the party in default, discouraging late payments and protecting the non-defaulting party from additional financial loss.
POPULAR SAMPLE Copied 1 times
COLLECTION COST. If after your default we refer your Account to an attorney for collection, we may charge you our collection costs, including court costs and reasonable attorneys’ fees, to the greatest extent not prohibited by applicable law.
COLLECTION COST. If PrimeCredit refers the collection of my Card Account to a collection agency and/ or a lawyer, I shall be liable to pay the reasonable costs and expenses of such collection agency and/or lawyer and such other reasonable costs and expenses incurred by PrimeCredit in recovering such payment and enforcing its rights.
COLLECTION COST. If a breach in this agreement occurs, Owner agrees to pay to ▇▇▇▇▇▇ its attorney’s fees, court costs, and all other expenses incurred by ▇▇▇▇▇▇ in collecting or attempting to collect payment.
COLLECTION COST. If any payment obligation under this Note is not paid when due, the Borrower promises to pay all costs of collection, including reasonable attorney fees, whether or not a lawsuit is commenced as part of the collection process.
COLLECTION COST. 1.1 Collection of Milk shall be the Customer’s responsibility and at the Customer’s sole cost.
COLLECTION COST. To the extent permitted by applicable law, you agree to pay all costs and disbursements, including reasonable attorney’s fees, incurred by us in legal proceedings to collect or enforce your indebtedness.
COLLECTION COST. If after your default we refer your Account to an attorney for collection, we may charge you our collection costs, including court costs and reasonable attorneys’ fees, to the greatest extent not prohibited by applicable law. YOUR PAYMENTS. Each billing cycle you must pay the Minimum Payment Due shown on your Periodic Statement by the Payment Due Date. If you wish, you may pay more than the Minimum Payment Due without incurring any additional charge and we will use the excess to reduce your Account balance. Petersburg, FL 33716. No payment will operate as an accord and satisfaction without the prior written consent of a senior bank officer or Bank representative or authorized agent. We are under no obligation to hold a postdated check and reserve the right to process every item presented as if dated the same date received by us or our check processor unless you give us adequate notice and reasonable opportunity to act on it. Except where such notice and opportunity is given, you may not hold us liable for depositing any postdated check.
COLLECTION COST. If after your default we refer your Account to an attorney for collection, we may charge you our collection costs, including court costs and reasonable attorneys’ fees, to the greatest extent not prohibited by applicable law. YOUR PAYMENTS. Each billing cycle you must pay the Minimum Payment Due shown on your Periodic Statement by the Payment Due Date. If you wish, you may pay more than the Minimum Payment Due without incurring any additional charge and we will use the excess to reduce your Account balance. If in a billing cycle you send us more than the Minimum Payment Due in any billing cycle, then in the next billing cycle you must still pay at least the Minimum Payment Due. AUTHORIZATION OF TRANSACTIONS. We are not responsible (i) if a merchant or financial institution does not honor your Card or (ii) for goods or services you purchase using your Account, except to the extent required by applicable law. Although you may have credit available, we may decline transactions for any reason, including: operational difficulties, default, suspected fraudulent or unlawful activity or mistakes. Transactions above a certain dollar amount may require authorization by us before the transaction can be approved. The number of transactions you may make in one day may be limited since we may limit the number of authorizations which may be given. We reserve the right to limit the amount and number of transactions we will authorize per day. From time to time, the number or amount of allowable authorizations per day may vary. These restrictions are for security reasons. As a result, we cannot explain the details of how this system works. Neither we nor our agents will be responsible if authorization for a particular transaction is not given.
COLLECTION COST. To the extent not prohibited by law, all of the Trustees’ expenses for the purpose of enforcement of this Agreement, including reasonable attorneys fees and all costs and disbursements if legal action is necessary and all reasonable expenses of Trustees including, without limitation, title evidence, surveys, appraisals, travel expenses and insurance shall be added to the Obligations and shall become due as incurred and be included in any judgment or award obtained hereunder.
COLLECTION COST. The Purchaser agrees to indemnify the Supplier with all legal costs, charges, expenses and disbursements incurred in the collection or attempted collection of monies due.