Common use of Payment of Costs of Collection Clause in Contracts

Payment of Costs of Collection. In case of an Event of Default, or in case litigation is commenced to enforce or construe any term of this Agreement or any other instrument evidencing indebtedness of Debtors to Secured Party or of any other document or agreement executed hereunder, the losing party will pay to the prevailing party such amounts as shall be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney's fees and costs at trial, on appeal, and in any bankruptcy proceeding.

Appears in 2 contracts

Samples: Security Agreement (Williams Controls Inc), Security Agreement (Ajay Sports Inc)

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Payment of Costs of Collection. In case of an Event of Default, or in case litigation is commenced to enforce or construe any term of this Agreement the Trust Deed, the Note, or any other instrument evidencing indebtedness of Debtors to Secured Party or of any other document or agreement executed hereunderLoan Document, the losing party will will, to the extent permitted by law, pay to the prevailing party such amounts as shall be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney's attorney fees and costs prior to and at any arbitration proceeding or at trial, on appeal, and or in any bankruptcy proceeding.

Appears in 1 contract

Samples: Loan Agreement

Payment of Costs of Collection. In case of an Event of Default, or in case litigation is commenced to enforce or construe any term of this Loan Agreement or any other instrument evidencing indebtedness of Debtors to Secured Party or of any other document or agreement executed hereunderthe Note, the losing party will will, to the extent permitted by law, pay to the prevailing party such amounts as shall will be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney's attorney fees and costs prior to and at any arbitration proceeding or at trial, on appeal, and or in any bankruptcy proceeding.

Appears in 1 contract

Samples: Loan Agreement

Payment of Costs of Collection. In case of an Event of Default, or in case litigation is commenced to enforce or construe any term of this Agreement or any other instrument evidencing indebtedness of Debtors Debtor to Secured Party or of any other document or agreement executed hereunder, the losing party will pay to the prevailing party such amounts as shall be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney's fees and costs at trial, on appeal, and in any bankruptcy proceeding.

Appears in 1 contract

Samples: Williams Controls Inc

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Payment of Costs of Collection. In case of an Event of Default, or in case litigation is commenced to enforce or construe any term of this Agreement or any other instrument evidencing indebtedness of Debtors to Secured Party or of any other document or agreement executed hereunderAgreement, the losing party will pay to the prevailing party such amounts as shall be sufficient to cover the cost and expense of collection or enforcement, including, without limitation, reasonable attorney's attorney fees and costs prior to and at any arbitration proceeding or at trial, on appeal, and or in any bankruptcy proceeding.

Appears in 1 contract

Samples: Intergovernmental Agreement

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