Debtor believes to pay to help you Lender practical attorneys’ fees and you can practical courtroom expenses incurred during the implementing Lender’s legal rights, vitality and you can treatments significantly less than this Arrangement and every other Mortgage Document
Section 7.03 Owed and you may 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 payday loan Blue Ridge under this Agreement or any other Loan Document or afforded by applicable law.
A meeting regarding Default hereunder and you will under people Notice otherwise not as much as any of the Financing Data might be deemed becoming continued unless of course and you may up to waived written down by Lender, as the given into the Point 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 according to this informative article VIII will be binding abreast of Bank and Debtor; and you can Lender’s failure to insist upon this new rigid overall performance of any term, standing or other provision of the Agreement, new Note otherwise the Mortgage Records, or even take action people proper otherwise remedy hereunder otherwise thereunder, should maybe not make up an excellent waiver by the Bank of every including label, standing or other provision otherwise Default or Skills away from Standard when you look at the union therewith, nor will just one or limited exercise of every like proper otherwise option prevent any other otherwise future take action, or even the take action of every other correct otherwise solution; and you will any waiver of any particularly label, condition and other provision otherwise of every such as for example Standard or Event off Default will not affect otherwise changes this Arrangement, the brand new Note otherwise some of the Mortgage Records, and every identity, condition or any other supply associated with Contract, the latest Note and Loan Records shall, in such skills, keep in full force and you may impact and you can shall be surgical having respect to virtually any other next existing or then Standard or Enjoy of Default during the relationship therewith. 02.