Common use of Costs of Collection and Enforcement Clause in Contracts

Costs of Collection and Enforcement. The Company shall pay (i) all fees, charges, or taxes for the recording or filing of any document to create or perfect the security interest created by Section 39; (ii) all amounts reasonably expended, advanced or incurred by RMST, the Agent or the Warehouse Purchasers to satisfy any obligation of the Company under this Agreement, to collect the any obligations arising under this Agreement or to enforce the rights of RMST, the Agent or the Warehouse Purchasers under this Agreement, including all court costs, attorneys' fees (whether for trial, appeal, other proceedings or otherwise), fees of auditors and accountants and investigation expenses reasonably incurred by RMST, the Agent or the Warehouse Purchasers in connection with any such matters; and (iii) interest at an annual interest rate equal to the Default Rate on each item specified in clauses (i) and (ii) above from ten (10) days after the date of written demand or request for reimbursement to the date of reimbursement.

Appears in 3 contracts

Samples: Residential Mortgage Services (Homegold Financial Inc), Mortgages Purchase Agreement (Community Home Mortgage Corp), Mortgages Purchase Agreement (Austin Funding Com Corp)

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Costs of Collection and Enforcement. The Company shall pay (i) all fees, charges, or taxes for the recording or filing of any document to create or perfect the security interest created by Section 3938; (ii) all amounts reasonably expended, advanced or incurred by RMST, the Agent or the Warehouse Purchasers to satisfy any obligation of the Company under this Agreement, to collect the any obligations arising under this Agreement or to enforce the rights of RMST, the Agent or the Warehouse Purchasers under this Agreement, including all court costs, attorneys' fees (whether for trial, appeal, other proceedings or otherwise), fees of auditors and accountants and investigation expenses reasonably incurred by RMST, the Agent or the Warehouse Purchasers in connection with any such matters; and (iii) interest at an annual interest rate equal to the Default Rate on each item specified in clauses (i) and (ii) above from ten (10) days after the date of written demand or request for reimbursement to the date of reimbursement.

Appears in 1 contract

Samples: Mortgages Purchase Agreement (Austin Funding Com Corp)

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