Borrower agrees to pay so you’re able to Lender practical attorneys’ charge and you will sensible legal expenses incurred into the enforcing Lender’s legal rights, efforts and you will treatments below that it Contract and each most other Financing File
Section 7.03 Due and you can 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 www.paydayloanalabama.com/bakerhill 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 out-of Default hereunder and you will significantly less than any Note or around the Financing Data would be considered to-be persisted except if and you can until waived written down from the Bank, because provided during the Part seven
Section 7.05 Default Speed. 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 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 informative article VIII will feel binding on Financial and you may Debtor; and you may Lender’s failure to help you insist upon this new rigid show of every label, reputation or any other provision associated with Agreement, the latest Notice or any of the Loan Records, or even take action any right otherwise answer hereunder or thereunder, will maybe not constitute a waiver of the Bank of every like title, updates and other provision otherwise Default or Experiences out-of Default during the commitment therewith, nor should a single or partial do so of every including right otherwise answer prevent any or future do so, or even the do it of any almost every other best otherwise remedy; and you may one waiver of any like label, position and other supply otherwise of any like Standard or Experiences off Default shall perhaps not affect or changes which Agreement, new Note otherwise the Loan Records, and each and every identity, status or any other provision associated with Arrangement, the fresh Note plus the Loan Files will, such enjoy, remain entirely force and you will impact and is going to be surgical with regard to your most other after that present or then Standard otherwise Experiences from Standard during the connection therewith. 02.