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Costs of Enforcement
Costs of Enforcement contract clause examples

Costs of Enforcement. In the event # that the Mortgage is foreclosed in whole or in part or that the Mortgage is put into the hands of an attorney for collection, suit, action or foreclosure, # of the foreclosure of any mortgage prior to or subsequent to the Mortgage in which proceeding is made a party, or # of a proceeding under the Bankruptcy Code or other Creditors’ Rights Law in respect of or any Restricted Party, , its successors or assigns, shall be chargeable with and agrees to pay all costs of collection and defense, including reasonable attorneys’ fees and costs, incurred by or in connection therewith and in connection with any appellate proceeding or post-judgment action involved therein, together with all required service or use taxes.

Costs of Enforcement. In the event # that any Mortgage is foreclosed in whole or in part or that any Mortgage is put into the hands of an attorney for collection, suit, action or foreclosure, # of the foreclosure of any mortgage prior to or subsequent to any Mortgage in which proceeding the Agent or the Lender is made a party, or # of the bankruptcy, insolvency, rehabilitation or other similar proceeding in respect of any Borrower, any Principal or any Guarantor or an assignment by any Borrower, any Principal or any Guarantor for the benefit of its creditors, each Borrower, on behalf of itself and its successors and assigns, agrees that it/they shall be chargeable with and shall pay all costs of collection and defense, including attorneys’ fees and costs, incurred by the Agent, the Lender or such Borrower in connection therewith and in connection with any appellate proceeding or post-judgment action involved therein, together with all required service or use taxes.

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