Common use of COLLECTION OF AMOUNTS Clause in Contracts

COLLECTION OF AMOUNTS. If a party hereto shall bring suit to enforce collection of any amount claimed due, in additions to the amount owed the prevailing party shall be entitled to receive reasonable attorneys’ fees, cost of court and interest on the amount owed computed from the date the obligation became owing at the lesser of ten percent (10%) per annum or the maximum lawful rate of interest per annum that may be incurred by contract in the state where the action is brought.

Appears in 3 contracts

Samples: Producer Agreement, Producer Agreement, Producer Agreement

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COLLECTION OF AMOUNTS. If a party hereto here to shall bring suit to enforce collection of any amount claimed due, in additions addition to the amount owed the prevailing party shall be entitled entitle to receive reasonable attorneys’ attorney’s fees, cost costs of court and interest on the amount owed computed from the date the obligation became owing at the he lesser of ten percent per cent (10%) per annum or the maximum lawful rate of interest per annum that may be incurred by contract in the state where the action is brought.

Appears in 1 contract

Samples: Producer Agreement

COLLECTION OF AMOUNTS. If a party hereto shall bring suit to enforce collection of any amount claimed due, in additions addition to the amount owed owed, the prevailing party shall be entitled to receive reasonable attorneys’ attorney's fees, cost costs of court and interest on the amount owed computed from the date the obligation became owing at the lesser of ten percent per cent (10%) per annum or the maximum lawful rate of interest per annum that may be incurred by contract in the state where the action is brought.

Appears in 1 contract

Samples: Producer Agreement

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COLLECTION OF AMOUNTS. If a party hereto shall bring suit to enforce collection of any amount claimed due, in additions addition to the amount owed the prevailing party shall be entitled to receive reasonable attorneys’ attorney's fees, cost costs of court and interest on the amount owed computed from the date the obligation became owing at the lesser of ten twelve percent (1012%) per annum or the maximum lawful rate of interest per annum that may be incurred by contract in the state where the action is brought. Producer agrees to be subject to any jurisdiction or venue where a collection suit is filed by Broker.

Appears in 1 contract

Samples: Broker Agreement

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