Borrower agrees to spend so you’re able to Lender reasonable attorneys’ fees and sensible legal expenses sustained during the enforcing Lender’s legal rights, efforts and treatments under it Contract each other Loan Document
Section 7.03 Due and you will 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 https://paydayloanalabama.com/graysville/ 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 out of Standard hereunder and you may around one Notice otherwise around all Financing Data would be deemed getting carried on unless of course and you can up to waived written down by the Financial, due to the fact offered from inside the Point 7
Section 7.05 Default 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 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 in accordance with this informative article VIII should feel binding upon Financial and Debtor; and you may Lender’s inability so you’re able to insist upon the fresh new strict efficiency of any identity, updates or other supply associated with the Contract, the fresh new Note otherwise all Mortgage Files, or even to do so people proper otherwise remedy hereunder otherwise thereunder, will perhaps not compose an excellent waiver of the Bank of every for example label, standing or any other provision or Default otherwise Feel out-of Default from inside the union therewith, neither will an individual otherwise limited do it of every such as proper or solution prevent virtually any or coming do so, or perhaps the exercise of any almost every other best otherwise option; and you will any waiver of every including name, standing and other supply otherwise of every eg Default or Skills out of Default should perhaps not connect with otherwise alter which Arrangement, the latest Mention or all Loan Data, and every name, updates or other provision associated with the Agreement, the newest Mention while the Loan Records shall, such event, remain in full push and you can perception and you can shall be operative which have admiration to the almost every other after that existing or further Standard or Experiences of Standard when you look at the relationship therewith. 02.