Common use of Holder’s Expenses Clause in Contracts

Holder’s Expenses. If Guarantor fails to pay the Obligations after notice from Holder of Borrower’s failure to pay any Obligation at maturity, and if Holder obtains the services of an attorney for collection of amounts owing by Guarantor hereunder, or if suit is filed to enforce this Guaranty Agreement, or if proceedings are had in any bankruptcy, probate, receivership, or other judicial proceedings for the establishment or collection of any amount owing by Guarantor hereunder, or if any amount owing by Guarantor hereunder is collected through such proceedings, then Guarantor shall pay to Holder all court costs and Holder’s reasonable attorneys’ fees.

Appears in 3 contracts

Samples: Guaranty Agreement (Tectonic Financial, Inc.), Guaranty Agreement (Tectonic Financial, Inc.), Guaranty Agreement (Tectonic Financial, Inc.)

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Holder’s Expenses. If Guarantor fails to pay the Obligations after notice from Holder of Borrower’s 's failure to pay any Obligation at maturitymaturity (whether by acceleration or otherwise), and if Holder obtains the services of an attorney for collection of amounts owing by Guarantor hereunder, or if suit is filed to enforce this Guaranty Agreement, or if proceedings are had in any bankruptcy, probate, receivership, or other judicial proceedings for the establishment or collection of any amount owing by Guarantor hereunder, or if any amount owing by Guarantor hereunder is collected through such proceedings, then Guarantor shall pay to Holder all court costs and Holder’s 's reasonable attorneys' fees.

Appears in 1 contract

Samples: Loan Agreement (Coolbrands International Inc)

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