Common use of Cost and Expense of Collection Clause in Contracts

Cost and Expense of Collection. The Company covenants and agrees that if default be made in any payment or prepayment of principal of, or interest on, the Note, it will, to the extent permitted under applicable law, pay to the Holder such further amount as shall be sufficient to cover the cost or expense of collection, including reasonable compensation to the attorneys of the Holder for all services rendered in that connection.

Appears in 5 contracts

Samples: Unsecured Promissory Note (Caprius Inc), Unsecured Promissory Note (Distinctive Devices Inc), Unsecured Promissory Note (Distinctive Devices Inc)

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Cost and Expense of Collection. The Company covenants and ------------------------------ agrees that if default be made in any payment or prepayment of principal of, or interest on, the NoteNotes, it will, to the extent permitted under applicable law, pay to the Holder such further amount as shall be sufficient to cover the cost or expense of collection, including reasonable compensation to the attorneys of the Holder for all services rendered in that connection.

Appears in 2 contracts

Samples: Secured Promissory Note (Caprius Inc), Secured Promissory Note (Caprius Inc)

Cost and Expense of Collection. The Company covenants and agrees that if default be made in any payment or prepayment of principal of, or interest on, the NoteNotes, it will, to the extent permitted under applicable law, pay to the Holder holder or holders of the Notes such further amount as shall be sufficient to cover the cost or expense of collection, including reasonable compensation to the attorneys of the Holder for all services rendered in that connection.

Appears in 1 contract

Samples: Convertible Note (Rxbazaar Inc)

Cost and Expense of Collection. The Company covenants and agrees ------------------------------ that if default be made in any payment or prepayment of principal of, or interest on, the NoteNotes, it will, to the extent permitted under applicable law, pay to the Holder such further amount as shall be sufficient to cover the cost or expense of collection, including reasonable compensation to the attorneys of the Holder for all services rendered in that connection.

Appears in 1 contract

Samples: Secured Promissory Note (Caprius Inc)

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Cost and Expense of Collection. The Company Maker covenants and agrees that if default be made in any payment or prepayment of principal of, or interest on, the this Note, it he will, to the extent permitted under applicable law, pay to the Holder such further amount as shall be sufficient to cover the cost or expense of collection, including reasonable compensation to the attorneys of the Holder for all services rendered in that connection.

Appears in 1 contract

Samples: Unsecured Promissory Note (Angion Biomedica Corp.)

Cost and Expense of Collection. The Company covenants and agrees ------------------------------ that if default be made in any payment or prepayment of principal of, or interest on, the NoteNotes, it will, to the extent permitted under applicable law, pay to the Holder holder or holders of the Notes such further amount as shall be sufficient to cover the cost or expense of collection, including reasonable compensation to the attorneys of the Holder for all services rendered in that connection.

Appears in 1 contract

Samples: Unsecured Promissory Note (Caprius Inc)

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