Attorney Fees and Collection Expenses. In the event the Borrower should default under any of the provisions of the Loan Documents, and the District or Trustee should employ attorneys or incur other expenses for the collection of the amounts payable hereunder and thereunder, or the enforcement of performance or observance of any obligations or agreements on the part of the Borrower, the Borrower shall, upon demand, pay to the District the reasonable fees of such attorneys and such other expenses so incurred. Commencement of an action to recover any amount payable shall be deemed a demand for the payment of such fees and expenses incurred in the course of the action.
Attorney Fees and Collection Expenses. If an Event of Default occurs, Payee shall be entitled to recover from Guarantor, upon demand, any reasonable out-of-pocket costs and expenses incurred in connection with the preservation of rights under, and enforcement of, this Guaranty and the other Documents, whether or not any lawsuit or arbitration proceeding is commenced, in all such cases including, without limitation, reasonable attorney fees and costs. Costs and expenses as referred to above shall include, without limitation, a reasonable hourly rate for collection personnel, whether employed in-house or otherwise, overhead costs as reasonably allocated to the collection effort, and all other reasonable out-of-pocket expenses actually incurred. Reasonable attorneys’ fees and costs shall include, without limitation, reasonable attorneys’ fees and costs incurred in connection with any bankruptcy case or other insolvency proceeding commenced by or against Maker, including all reasonable fees incurred in connection with (a) moving for relief from the automatic stay, to convert or dismiss the case or proceeding, or to appoint a trustee or examiner, or (b) proposing or opposing confirmation of a
Attorney Fees and Collection Expenses. If there shall occur any Default or Event of Default, U.S. Bank shall be entitled to recover from Guarantor, upon demand, any reasonable costs and expenses incurred in connection with the preservation of rights under, and enforcement of, this Guaranty and the other Loan Document whether or not any lawsuit or arbitration proceeding is commenced, in all such cases including, without limitation, reasonable attorney fees and costs (including the allocated fees of internal counsel). Costs and expenses as referred to above shall include, without limitation, a reasonable hourly rate for collection personnel, whether employed in-house or otherwise, overhead costs as reasonably allocated to the collection effort, and all other expenses actually incurred. Reasonable attorney fees and costs shall include, without limitation, attorney fees and costs incurred in connection with any bankruptcy case or other insolvency proceeding commenced by or against Borrower or any Person granting a security interest in any item of Collateral, including all fees incurred in connection with (a) moving for relief from the automatic stay, to convert or dismiss the case or proceeding, or to appoint a trustee or examiner or (b) proposing or opposing confirmation of a plan of reorganization or liquidation, in any case without regard to the identity of the prevailing party.
