Borrower agrees to spend to help you Lender practical attorneys’ costs and reasonable court expenditures obtain within the implementing Lender’s rights, energies and you may treatments below it Agreement and each other Financing File
Section 7.03 Due and 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 conference of Standard hereunder and you may not as much as people Note or around all Financing Files can be deemed to be persisted unless and up until waived written down of the Bank, because given from inside the Section 7
Section 7.05 Standard Rate. 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 Entire Agreement. 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 americash loans Falkville 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 getting joining on Lender and you can Borrower; and you will Lender’s failure so you’re able to insist upon the strict performance of every name, updates or other supply with the Arrangement, the new Notice otherwise some of the Mortgage Files, or to do it any proper or option hereunder otherwise thereunder, will maybe not compensate an excellent waiver by Financial of every such as for example title, position or other provision or Standard otherwise Experiences away from Standard into the commitment therewith, neither shall a single otherwise limited do it of every for example correct otherwise solution preclude any other or future exercise, or the exercise of every most other correct otherwise solution; and you will any waiver of any such as term, reputation or any other provision otherwise of every eg Standard or Skills from Default will maybe not affect or change that it Agreement, the brand new Mention or all Mortgage Data files, and each label, reputation or other provision on the Agreement, the latest Note and Mortgage Records should, such enjoy, keep entirely force and perception and you will will be surgical having regard to almost any most other up coming existing or next Standard otherwise Enjoy from Default during the union therewith. 02.