Debtor agrees to expend so you’re able to Financial practical attorneys’ fees and you will reasonable legal costs obtain in implementing Lender’s rights, vitality and you can remedies lower than this Arrangement and every other Financing File
Section 7.03 Owed and you may 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 pay day loans online Clanton AL remedies possessed by Lender, whether under this Agreement or any other Loan Document or afforded by applicable law.
A meeting out-of Standard hereunder and you will below one Note or below all Mortgage Documents should be deemed is persisted until and you may until waived written down by Lender, given that provided inside Part eight
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 or waiver affected according to this information VIII will be binding on Lender and you may Debtor; and you may Lender’s failure in order to require the newest rigorous show of every label, position or any other provision of the Agreement, the brand new Note or all Loan Records, or even to take action one right otherwise solution hereunder otherwise thereunder, shall perhaps not comprise a great waiver from the Bank of every such as for example term, standing or any other provision otherwise Default or Enjoy of Default in union therewith, nor shall just one or limited do it of every such right or remedy preclude any other or coming get it done, or the do it of any most other right or option; and you will any waiver of every instance label, condition and other supply or of any particularly Standard otherwise Skills away from Standard shall perhaps not connect with otherwise change that it Agreement, the fresh Note otherwise any of the Mortgage Documents, and every label, condition and other provision associated with the Arrangement, brand new Notice plus the Financing Data will, such feel, continue completely push and you may impact and you will is medical which have value to your other then existing otherwise after that Default otherwise Feel out-of Standard in the union therewith. 02.
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