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Common use of Collection Expenses Clause in Contracts

Collection Expenses. If this obligation is placed in the hands of an attorney for collection after default, and provided the Payee prevails on the merits in respect to its claim of default, the Maker shall pay (and shall indemnify and hold harmless the Payee from and against), all reasonable attorneys’ fees and expenses incurred by the Payee in pursuing collection of this Note.

Appears in 5 contracts

Samples: Loan Agreement (Eastside Distilling, Inc.), Convertible Promissory Note (INVO Bioscience, Inc.), Debt Satisfaction Agreement (Eastside Distilling, Inc.)

Collection Expenses. If this obligation is placed in the hands of an attorney for collection after default, and provided the Payee prevails on the merits in respect to its claim of default, the Maker shall pay (and shall indemnify and hold harmless reimburse Payee for the Payee from and against), all reasonable attorneys’ fees and expenses incurred by the Payee in pursuing collection of this Note.

Appears in 1 contract

Samples: Secured Promissory Note (Titan Energy Worldwide, Inc.)

Collection Expenses. If this obligation is placed in the hands of an attorney for collection after default, and provided the Payee prevails on the merits in respect to its claim of default, the Maker shall pay (and shall indemnify and hold harmless the Payee from and against), all reasonable attorneys' fees and expenses incurred by the Payee in pursuing collection of this Note.

Appears in 1 contract

Samples: Asset Sale and Purchase Agreement (Motorsports Emporium, Inc.)

Collection Expenses. If this obligation is placed in the hands of an attorney for collection after default, and provided the Payee prevails on the merits in respect to its claim of default, the Maker shall pay (and shall indemnify and hold harmless the Payee from and against), all reasonable attorneys’ fees and expenses incurred by the Payee in pursuing collection of this Note, and such fees and expenses shall be included as Lender Expenses.

Appears in 1 contract

Samples: Convertible Promissory Note (Quest Minerals & Mining Corp)