Common use of Recovery Costs Clause in Contracts

Recovery Costs. You agree to pay all of our recovery costs after a default, including: (1) attorney's fees equal to 25% of the amount of our claim or $1500, whichever is greater; (2) reasonable attorney's fees for getting a repossession order; (3) costs of suit; (4) $250 to cover our internal collection overhead; (5) $225 to cover our internal repossession and remarketing overhead if an internal repossession is made or attempted; and (6) all other reasonable out-of- pocket costs. You agree now that the above amounts are good and reasonable predictions of what our actual costs and overhead will be and are not penalties.

Recovery Costs. You agree to pay all of our recovery costs after a default, including: including (1) attorney's fees equal to 25% of the amount of our claim or $15001,500, whichever is greater; (2) reasonable attorney's fees for getting a repossession order; (3) costs of suit; (4) $250 to cover our internal collection overhead; (5) $225 to cover our internal repossession and remarketing overhead if an internal repossession is made or attempted; and (6) all other reasonable out-of- of-pocket costs. You agree now that the above amounts are good and reasonable predictions of what our actual costs and overhead will be and are not penalties.