Common use of Collection Expenses Clause in Contracts

Collection Expenses. If Payee shall commence an action or proceeding to enforce this Note, then Maker shall reimburse Payee for its costs of collection and reasonable attorneys fees incurred with the investigation, preparation and prosecution of such action or proceeding.

Appears in 7 contracts

Samples: Convertible Promissory Note (Ensurge Inc), Secured Promissory Note (Unity Wireless Corp), Security Agreement (Brendan Technologies Inc)

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Collection Expenses. If Payee shall commence an action or proceeding to enforce this Note, then Maker shall reimburse Payee for its costs of collection and reasonable attorneys attorneys’ fees incurred with the investigation, preparation and prosecution of such action or proceeding.

Appears in 5 contracts

Samples: Agreement and Release, Agreement and Release (Gigabeam Corp), Unsecured Term Promissory Note (Spectre Gaming Inc)

Collection Expenses. If Payee shall commence an action or proceeding to enforce this NoteDebenture, then Maker shall reimburse Payee for its costs of collection and reasonable attorneys fees incurred with the investigation, preparation and prosecution of such action or proceeding.

Appears in 2 contracts

Samples: Convertible Security Agreement (Inferx Corp), 8% Debenture (Intraop Medical Corp)

Collection Expenses. If Payee shall commence and prevail in an action or proceeding to enforce this NoteDebenture, then Maker shall reimburse Payee for its costs of collection and reasonable attorneys fees incurred with the investigation, preparation and prosecution of such action or proceeding.

Appears in 1 contract

Samples: Debenture (Theater Xtreme Entertainment Group, Inc)

Collection Expenses. If Payee shall commence an action or proceeding to enforce this Note, then Maker shall reimburse Payee for its costs of collection and reasonable attorneys attorney’s fees incurred with the investigation, preparation and prosecution of such action or proceeding.

Appears in 1 contract

Samples: Share Exchange Agreement (Discovery Gold Corp)

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Collection Expenses. If Payee shall commence an action or proceeding to enforce this Secured Promissory Note, then Maker shall reimburse Payee for its costs of collection and reasonable attorneys fees incurred with the investigation, preparation and prosecution of such action or proceeding.

Appears in 1 contract

Samples: 8% Secured Note (Cyberdefender Corp)

Collection Expenses. If Payee shall commence an any suit, action or other legal proceeding to enforce this Promissory Note, then Maker shall reimburse Payee for its costs of collection and reasonable attorneys fees incurred with the investigation, preparation and prosecution of such suit, action or legal proceeding.

Appears in 1 contract

Samples: Convertible Debentures and Warrants Purchase Agreement (Sedona Corp)

Collection Expenses. If Payee shall commence an action or proceeding to enforce this NoteSecured Debenture, then Maker shall reimburse Payee for its costs of collection and reasonable attorneys fees incurred with the investigation, preparation and prosecution of such action or proceeding.

Appears in 1 contract

Samples: Secured Debenture (Chembio Diagnostics, Inc.)

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