Common use of Collection of Costs Clause in Contracts

Collection of Costs. You agree that you will be liable to RAF for any costs incurred by RAF in perfecting its secured position in the event that this Agreement is secured with any collateral. You authorize RAF to advance sufficient funds under this Agreement to pay all costs incurred by RAF in perfecting its security position. To the extent not prohibited by law you also agree that you will pay all costs of collections, whether secured or not, including reasonable attorney fees, together with interest at the default rate if you do not timely pay your obligations to RAF.

Appears in 11 contracts

Samples: Application and Account Agreement, Application and Account Agreement, Application and Account Agreement

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