Common use of Costs of Realization Clause in Contracts

Costs of Realization. All costs incurred in connection with realizing the security constituted by this Agreement or exercising any of the Credit Union’s rights under this Agreement, including costs incurred in connection with repossessing, holding, insuring, repairing, processing, preparing for disposition, and disposing of any Collateral and legal fees on a solicitor and his/her own client, full indemnity basis (in this Section 5.11, “realization costs”) shall be payable by the Obligor to the Credit Union immediately on demand. Realization costs shall bear interest from the date they are incurred until paid at the highest rate of interest applicable to the Obligations. Realization costs and interest shall be included in the Obligations under this Agreement.

Costs of Realization. All costs incurred in connection with realizing the security constituted by this Agreement or exercising any of the Credit UnionLender’s rights under this Agreement, including costs incurred in connection with repossessing, holding, insuring, repairing, processing, preparing for disposition, and disposing of any Collateral and legal fees on a full indemnity (sometimes called solicitor and his/her own client, full indemnity ) basis (in this Section 5.11Section, “realization costs”) shall be payable by the Obligor to the Credit Union Lender immediately on demand. Realization costs shall bear interest from the date they are incurred until paid at the highest rate of interest applicable to the Obligations. Realization costs and interest shall be included in the Obligations under this Agreement.

Costs of Realization. All costs incurred in connection with realizing the security constituted by this Agreement or exercising any of the Credit Union’s 's rights under this Agreement, including costs incurred in connection with repossessing, holding, insuring, repairing, processing, preparing for disposition, and disposing of any Collateral and legal fees on a solicitor and his/her own client, full indemnity basis (in this Section 5.11Section, “realization costs”) shall be payable by the Obligor to the Credit Union immediately on demand. Realization costs shall bear interest from the date they are incurred until paid at the highest rate of interest applicable to the Obligations. Realization costs and interest shall be included in the Obligations under this Agreement.