Common use of Liability for Costs of Collection Clause in Contracts

Liability for Costs of Collection. The reasonable costs and expense of collection of the Debit Balance, recovery of securities and any unpaid deficiency in Your accounts with Pershing, including, but not limited to, attorneys’ fees incurred and payable or paid by Pershing, shall be payable to Pershing by You.

Liability for Costs of Collection. The reasonable costs and expense of collection of the Debit Balancedebit balance, recovery of securities securities, and any unpaid deficiency in Your your accounts with Pershing, including, but not limited to, attorneys’ attorney’s fees incurred and payable or paid by Pershing, shall be payable to Pershing by Youyou.