Common use of PAYMENT OF ATTORNEY’S FEES AND EXPENSES Clause in Contracts

PAYMENT OF ATTORNEY’S FEES AND EXPENSES. If an Event of Default should occur and be continuing under this Agreement and the Agency should employ attorneys or incur other reasonable expenses for the collection of any amounts due and payable hereunder or for the enforcement of performance or observance of any obligation or agreement on the part of the Company herein contained, the Company agrees that it will, on demand therefor by the Agency, reimburse the Agency for the reasonable fees and disbursements of such attorneys and such other reasonable expenses so incurred, whether or not an action is commenced.

PAYMENT OF ATTORNEY’S FEES AND EXPENSES. If an Event of Default should occur and be continuing under this Agreement and the Agency Issuer should employ attorneys or incur other reasonable expenses for the collection of any amounts due and payable hereunder or for the enforcement of performance or observance of any obligation or agreement on the part of the Company herein contained, the Company agrees that it will, on demand therefor by the AgencyIssuer, reimburse the Agency Issuer for the reasonable fees and disbursements of such attorneys and such other reasonable expenses so incurred, whether or not an action is commenced.