Common use of Liabilities of Breach of Contract Clause in Contracts

Liabilities of Breach of Contract. Damages, penalty interest for delayed repayment; penalty interest for embezzlement of loan proceeds; imposition of compound interest; withdrawal of loan, prepayment of principal and interest before maturity, attachment of assets; lawyer’s fee and travel cost in case of litigation or arbitration due to the Company ’s breach of contract etc.

Appears in 6 contracts

Samples: Loan Agreement (SMSA Treemont Acquisition Corp), Loan Agreement (SMSA Treemont Acquisition Corp), Loan Agreement (SMSA Treemont Acquisition Corp)

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Liabilities of Breach of Contract. Damages, penalty interest for delayed repayment; penalty interest for embezzlement of loan proceeds; imposition of compound interest; withdrawal of loan, prepayment of principal and interest before maturity, attachment of assets; lawyer’s fee and travel cost in case of litigation or arbitration due to the Company ’s ‘s breach of contract etc.

Appears in 3 contracts

Samples: Loan Agreement (SMSA Treemont Acquisition Corp), Loan Agreement (SMSA Treemont Acquisition Corp), Loan Agreement (SMSA Treemont Acquisition Corp)

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