Common use of Attorney Fees and Collection Expenses Clause in Contracts

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.