Debtor believes to expend so you can Financial realistic attorneys’ charges and you can reasonable judge expenses obtain for the implementing Lender’s legal rights, efforts and you may remedies less than so it Arrangement and every most other Mortgage Document
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 meeting of Standard hereunder and you will under one Mention or not as much as the Loan Data are deemed getting continuous unless of course and you will up until waived in writing of the Financial, since the provided in the Area eight
Section 7.05 Standard 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 Arrangement. 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 https://paydayloanalabama.com/loxley/ shall be effective only in the specific instance, and for the purpose, for which it is given.
Section 8.02 Waivers, endment or waiver effected prior to this short article VIII should getting binding abreast of Lender and Borrower; and you may Lender’s failure to help you insist on the fresh new rigorous efficiency of every title, updates or any other provision of the Arrangement, the brand new Notice or all Mortgage Files, or perhaps to get it done one proper otherwise answer hereunder or thereunder, will not compose a good waiver by Lender of every such as title, standing and other supply or Default otherwise Enjoy away from Default in the relationship therewith, neither will a single or partial get it done of every like proper or option preclude any kind of or future take action, or the do so of every almost every other proper otherwise answer; and you may any waiver of every eg identity, condition and other supply otherwise of every including Default or Event off Standard will maybe not apply to or alter this Agreement, the new Note otherwise any of the Loan Documents, and every name, reputation and other provision regarding the Arrangement, the latest Note and the Loan Records should, in such experiences, continue completely force and you may effect and you can is going to be surgical which have respect to almost any almost every other following established otherwise after that Default or Feel from Standard in union therewith. 02.