Debtor agrees to expend to help you Financial practical attorneys’ costs and you will realistic legal expenses obtain inside implementing Lender’s rights, vitality and you can cures lower than this Agreement and every most other Mortgage File
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 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 Standard hereunder and you can less than people Notice or below the Loan Data files will be deemed is persisted except if and up to waived in writing by the Lender, as the offered for the Section 7
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 Agreement. 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 in line with this article VIII will end up being joining through to Lender and Debtor; and you may Lender’s incapacity so you can insist upon the newest rigid abilities of every identity, standing and other provision of Arrangement, the Notice otherwise all Mortgage Data files, or even loans Bellamy AL to get it done one proper otherwise solution hereunder or thereunder, shall perhaps not compensate a great waiver of the Lender of any eg name, reputation and other supply otherwise Default or Enjoy from Standard for the partnership therewith, neither will an individual otherwise limited do so of every eg right otherwise answer preclude some other otherwise future take action, and/or take action of every almost every other best otherwise option; and people waiver of any such as for instance identity, condition and other provision or of any instance Default otherwise Experiences out-of Standard should perhaps not affect otherwise alter that it Contract, the Note otherwise all Financing Data files, and each and every identity, reputation and other supply on the Agreement, this new Note as well as the Mortgage Data should, in such experience, continue in full push and perception and you can is operative with admiration to virtually any almost every other after that existing otherwise subsequent Default or Feel out of Default within the partnership therewith. 02.