Borrower believes to blow so you can Bank practical attorneys’ charges and you may sensible judge expenses sustained inside enforcing Lender’s liberties, powers and you may remedies less than that it Agreement and every almost every other Mortgage 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.

An event out of Default hereunder and you may under people Notice otherwise less than some of the Loan Documents are going to be deemed to get proceeded until and you will up to waived in writing from the Bank, due to the fact given from inside the Section eight

Section 7.05 Default Price. Without regard to no bank account loans Billingsley 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 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 shall be effective only in the specific instance, and for the purpose, for which it is given.

Section 8.02 Waivers, endment otherwise waiver effected relative to this short article VIII will getting joining abreast of Financial and Debtor; and Lender’s incapacity to help you insist on this new tight efficiency of every title, updates and other supply associated with the Agreement, the fresh new Note otherwise the Loan Documents, or perhaps to do it one right or option hereunder otherwise thereunder, will not compensate a great waiver from the Lender of every for example identity, reputation and other provision otherwise Standard otherwise Event of Default into the connection therewith, nor should an individual or limited do so of any such as for example best otherwise answer prevent other or coming exercise, or the exercise of any most other proper otherwise option; and you may people waiver of every for example title, status or other supply otherwise of any such as for instance Standard or Enjoy out-of Default will not apply at otherwise change that it Contract, this new Notice otherwise the Financing Data files, and every term, reputation or any other provision with the Agreement, brand new Notice plus the Financing Data files shall, such experiences, keep entirely push and you can impression and you will are surgical having regard to your other next present otherwise next Standard or Event out-of Standard inside the connection therewith. 02.