Debtor believes to expend in order to Bank practical attorneys’ costs and practical judge expenses obtain in the implementing Lender’s liberties, powers and you may cures less than that it Arrangement and each other Financing File
Section 7.03 Owed 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 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 of Default hereunder and you will lower than people Note or lower than all Loan Records would be considered are continuing unless and you can up until waived in writing from the Financial, because the given for the Point seven
Section 7.05 Default Rates. 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 affected in accordance with this particular article VIII shall be binding abreast of Financial and Debtor; and you may Lender’s failure to help you insist upon the brand new rigorous show of any name, reputation and other provision on the Arrangement, the fresh Note otherwise the Mortgage Files, or to exercise people proper otherwise option hereunder otherwise thereunder, will not create a beneficial waiver from the Bank of every for example label, standing or other supply otherwise Default or Knowledge away from Standard into the connection therewith, neither should just one or limited get it done of every like best otherwise option prevent every other otherwise future exercise, and/or exercise of any almost https://paydayloanalabama.com/cordova/ every other best or option; and you will people waiver of every eg identity, updates or any other supply otherwise of any like Default or Enjoy from Standard shall perhaps not affect or changes this Arrangement, the newest Mention otherwise the Financing Data files, and each identity, condition or other provision associated with the Agreement, the new Note and also the Mortgage Documents shall, this kind of enjoy, remain entirely force and you will effect and you may is going to be operative which have admiration to almost any other following current otherwise next Default otherwise Event of Default in the commitment therewith. 02.
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