Borrower agrees to expend so you can Bank practical attorneys’ costs and you may sensible courtroom costs obtain during the enforcing Lender’s legal rights, powers and you can treatments lower than that it Agreement and each most other Financing Document

Section 7.03 Due and Payable. Upon the occurrence of any Event of http://paydayloanalabama.com/pleasant-groves 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 out-of Standard hereunder and not as much as one Note otherwise less than the Mortgage Documents is going to be deemed is continuous unless of course and until waived on paper by Lender, as offered when you look at 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 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 effected relative to this short article VIII will end up being binding up on Bank and you will Borrower; and you will Lender’s failure to help you insist on brand new rigid results of any name, standing and other provision for the Arrangement, the newest Mention otherwise any of the Mortgage Documents, or even to do it one correct or remedy hereunder otherwise thereunder, shall perhaps not comprise a beneficial waiver by Bank of every for example term, updates and other provision or Default or Event from Default into the connection therewith, neither will one otherwise limited do so of every particularly correct or answer prevent any otherwise future take action, and/or do so of any most other proper or option; and one waiver of every including term, condition or other provision or of every including Default otherwise Feel out-of Default should perhaps not apply at otherwise change which Contract, the brand new Note otherwise all Loan Data, and every identity, standing and other provision associated with Arrangement, brand new Notice while the Loan Files shall, in such experience, remain entirely push and you can impact and are going to be operative with regard to almost any most other following current otherwise further Standard otherwise Skills out of Default for the connection therewith. 02.