Collection from Defaulting Bank Sample Clauses

Collection from Defaulting Bank. Any and all costs and expenses (including, without limitation, attorneys’ fees and other legal expenses) incurred by Agent or a Bank in any effort to collect any amounts payable under this Agreement from Defaulting Bank shall be paid by the Defaulting Bank against which such collection efforts are taken, immediately upon demand. If any action is filed by Agent or a Bank in connection with such collection efforts, the party prevailing in such action shall be entitled to an award of attorneys’ fees and costs, in addition to all other awards.