Examples of Collection Cost in a sentence
If the corporation shall fail to promptly make any payment required by the preceding sentence, then any Covered Person interested in any issue decided by such counsel may elect to make such payment, and if any Covered Person does so, (i) such Covered Person shall be entitled to immediate reimbursement from the corporation for such payment and (ii) such payment shall be deemed a Collection Cost.
Interest shall begin to accrue on any Collection Cost at the time such Collection Cost shall have been paid by the person by whom it was incurred.
Interest shall start to accrue on any amount the corporation shall pay or shall be required to pay under this Article Nine other than a Collection Cost or interest on the eleventh day after the Request Date for such amount.
As Liabilities Time Collection Cost (C.C.P.) we shall understand the 30-day Liabilities Time Collection cost, estimated by the Banco de Mexico representing the group of Multiple Banking Institutions and issued by the Official Federation Diary (Diario Oficial de la Federacion) at the initial date of each rate determination period.
If Jayhawk has determined that an Obligor with respect to a Purchased Contract has not obtained such insurance or has allowed it to lapse, Jayhawk may obtain insurance (which, at the option of Jayhawk, may insure only the interest of the owner of the Purchased Contract in the related Financed Vehicle) naming Jayhawk or such owner as the loss payee, and may charge the amount paid therefor as a Collection Cost.