Common use of Cost of Collection Clause in Contracts

Cost of Collection. All reasonable costs of collection of Borrower’s Receivables, including Attorneys’ Fees, out-of-pocket expenses, administrative and recordkeeping costs, and all service charges and costs related to the establishment and maintenance of the Locked Box and the Special Account shall be the sole responsibility of Borrower, whether the same are incurred by Agent or Borrower, and Agent, at its discretion, may charge the same against Borrower and any account maintained by Borrower with Agent and the same shall be deemed part of the Obligations.

Appears in 3 contracts

Samples: Financing Agreement (Westaff Inc), Financing Agreement (CitiSteel PA, Inc.), Financing Agreement (CitiSteel PA, Inc.)

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Cost of Collection. All reasonable costs of collection of Borrower’s Receivables, including Attorneys’ Fees, out-of-pocket expenses, administrative and recordkeeping costs, and all service charges and costs related to the establishment and maintenance of the Locked Box and the Special Account shall be the sole responsibility of Borrower, whether the same are incurred by Agent Bank or Borrower, and AgentBank, at its discretion, may charge the same against Borrower and any account maintained by Borrower with Agent Bank and the same shall be deemed part of the Obligations.

Appears in 3 contracts

Samples: Financing Agreement (EQM Technologies & Energy, Inc.), Financing Agreement (EQM Technologies & Energy, Inc.), Financing Agreement (OVERSTOCK.COM, Inc)

Cost of Collection. All reasonable costs of collection of any Borrower’s 's Receivables, including Attorneys' Fees, actual out-of-pocket expenses, administrative and recordkeeping costs, and all service charges and costs related to the establishment and maintenance of the Locked Box and the Special Account shall be the sole responsibility of BorrowerBorrowers, whether the same are incurred by Agent or BorrowerBorrowers, and Agent, at its discretion, may charge the same against Borrower Borrowers and any account maintained by Borrower Borrowers with Agent and the same shall be deemed part of the Obligations.

Appears in 1 contract

Samples: Financing Agreement (Suntron Corp)

Cost of Collection. All reasonable costs of collection of a Borrower’s 's Receivables, including Attorneys’ Feesattorney's fees, out-of-pocket expenses, administrative and recordkeeping costs, and all service charges and costs related to the establishment and maintenance of the Locked Box and the Special Account shall be the sole responsibility of BorrowerBorrowers, whether the same are incurred by Agent Bank or BorrowerBorrowers, and AgentBank, at its discretion, may charge the same against Borrower Borrowers and any account maintained by a Borrower with Agent Bank and the same shall be deemed part of the Obligations.

Appears in 1 contract

Samples: Financing Agreement (Fm Precision Golf Corp)

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Cost of Collection. All reasonable costs of collection of Borrower’s Receivables, including Attorneys' Fees, out-of-pocket expenses, administrative and recordkeeping record-keeping costs, and all service charges and costs related to the establishment and maintenance of the Locked Box and the Special Account shall be the sole responsibility of Borrowerthe Borrowers, whether the same are incurred by Agent the Agent, any Bank or any Borrower, and the Agent, at in its discretion, may charge the same against Borrower and the Borrowers and/or any account maintained by a Borrower with Agent any Bank and the same shall be deemed part of the ObligationsObligations hereunder.

Appears in 1 contract

Samples: Financing Agreement (Northwestern Corp)

Cost of Collection. All reasonable costs of collection of any Borrower’s 's Receivables, including Attorneys’ Feesattorneys' fees, out-of-of- pocket expenses, administrative and recordkeeping costs, and all service charges and costs related to the establishment and maintenance of the Locked Box Boxes, a Special Account, a Blocked Account and the Special Account a Transfer Account, shall be the sole responsibility of BorrowerBorrowers, whether the same are incurred by Agent or a Borrower, and Agent, at its discretion, may charge the same against Borrower Borrowers and any account maintained by any Borrower with Agent and the same shall be deemed part of the ObligationsObligations hereunder.

Appears in 1 contract

Samples: Financing Agreement (Sabreliner Corp)

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