Borrower believes to spend to help you Financial reasonable attorneys’ fees and you can practical court costs incurred for the implementing Lender’s rights, energies and you can remedies less than this Agreement and each other Loan Document
Section 7.03 Due and you can Payable. Upon the occurrence of any Event of Default which has not been waived in writing by Lender, Lender may, by notice to Borrower, declare all Obligations to be immediately due and payable, and any obligation of Lender to make any Loan Advance to Borrower shall thereupon immediately terminate. Upon such declaration, the Obligations shall become immediately due and payable, both as to principal and interest, without presentment, demand, protest or notice of any kind, all of which are hereby expressly https://paydayloanalabama.com/mosses/ waived, anything contained herein or in the Note or other evidence of such Obligations to the contrary notwithstanding, except with respect to any Event of Default set forth in Section 7.01(d), in which case all Obligations shall automatically become immediately due and payable without the necessity of any notice or other demand, and any obligation of Lender to make any Loan Advance to Borrower shall immediately terminate. Lender e and exercise any or all of the rights, powers and remedies possessed by Lender, whether under this Agreement or any other Loan Document or afforded by applicable law.
A meeting away from Default hereunder and you can not as much as any Mention otherwise below any of the Loan Files shall be considered to get persisted except if and you will up until waived on paper of the Bank, as the considering from inside the Point 7
Section 7.05 Default Speed. Without regard to whether Lender has exercised any other rights or remedies hereunder, if an Event of Default shall have occurred and be continuing, the applicable Margin in respect of the Interest Rate under the Note shall be increased, to the extent permitted by law, as set forth in clauses (iii)(A) and (iii)(B), as applicable, of the definition of Margin.
Section 8.01 Whole Contract. This Agreement (including the Schedules and Exhibits hereto) constitutes the entire agreement of the parties hereto and supersedes any and all prior or contemporaneous agreements, written or oral, as to the matters contained herein, and no modification or waiver of any provision hereof or of the Note or any of the Loan Documents, nor consent to the departure by Borrower therefrom, shall be effective unless the same is in writing, and then such waiver or consent shall be effective only in the specific instance, and for the purpose, for which it is given.
Section 8.02 Waivers, endment otherwise waiver effected relative to this informative article VIII should feel joining abreast of Lender and you may Debtor; and Lender’s incapacity so you can insist on this new strict efficiency of every title, standing or any other provision of this Arrangement, the newest Notice or all Financing Data files, or to get it done any correct otherwise option hereunder or thereunder, shall maybe not form a great waiver from the Bank of every for example name, updates or any other provision or Default or Knowledge out-of Default inside the connection therewith, neither will one otherwise partial exercise of every such as for example correct or remedy preclude various other otherwise upcoming do it, or the take action of any most other correct or solution; and you will people waiver of every instance label, status or other provision or of every particularly Standard otherwise Feel out of Standard should not apply at otherwise transform it Agreement, the newest Notice otherwise all Loan Documents, and every term, updates or any other provision in the Contract, the latest Note plus the Financing Data shall, such skills, keep in full push and impression and you may might be medical which have esteem to virtually any most other up coming present or after that Default otherwise Experience out-of Default in relationship therewith. 02.
