Common use of Attorneys’ Fees; Enforcement Clause in Contracts

Attorneys’ Fees; Enforcement. If any attorney is engaged by Noteholder to enforce, construe or defend any provision of this Assumption Agreement, or as a consequence of any default under or breach of this Assumption Agreement, with or without the filing of any legal action or proceeding, Assumptor shall pay to Noteholder, upon demand, the amount of all attorneys’ fees and costs reasonably incurred by Noteholder in connection therewith, together with interest thereon from the date of such demand at the rate of interest applicable to the principal balance of the Note as specified therein.

Appears in 6 contracts

Samples: Assumption Agreement (Lodging Fund REIT III, Inc.), Assumption Agreement, Assumption Agreement (Industrial Income Trust Inc.)

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Attorneys’ Fees; Enforcement. If any attorney is engaged by Noteholder to enforce, construe or defend any provision of this Assumption Agreement, or as a consequence of any default under or breach of this Assumption Agreement, with or without the filing of any legal action or proceeding, Assumptor shall pay to Noteholder, upon demand, the amount of all attorneys' fees and costs reasonably incurred by Noteholder in connection therewith, together with interest thereon from the date of such demand at the rate of interest applicable to the principal balance of the Note as specified therein.

Appears in 5 contracts

Samples: Assumption Agreement, Assumption Agreement, Assumption Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)

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Attorneys’ Fees; Enforcement. If any attorney is engaged by Noteholder to enforce, construe or defend any provision of this Assumption AgreementAgreement with respect to Assumptor, or as a consequence of any default under or breach of this Assumption AgreementAgreement by Assumptor, with or without the filing of any legal action or proceeding, Assumptor shall be obligated to pay to Noteholder, upon demand, the amount of all attorneys’ fees and costs reasonably incurred by Noteholder in connection therewith, together with interest thereon from the date of such demand at the rate of interest applicable to the principal balance of the Note as specified therein.

Appears in 1 contract

Samples: Assumption and Loan Modification Agreement (Moody National REIT I, Inc.)

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