Borrower agrees to spend to help you bad credit payday loans Center Point AL Financial sensible attorneys’ charges and you will sensible judge costs incurred in implementing Lender’s rights, energies and you will remedies lower than this Agreement and each other Loan Document
Section 7.03 Owed 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 significantly less than one Notice otherwise significantly less than some of the Financing Records are considered are carried on unless of course and you may up until waived written down because of the Bank, while the provided when you look at the Point seven
Section 7.05 Default Rate. 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 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 otherwise waiver affected according to this information VIII will be joining up on Bank and you can Borrower; and you can Lender’s failure to help you require the latest rigorous overall performance of every label, condition or any other provision of the Contract, new Note otherwise any of the Financing Files, or even get it done any right or option hereunder or thereunder, will perhaps not make up good waiver by the Financial of any for example identity, updates or other provision otherwise Standard or Feel off Default within the union therewith, neither will just one or limited get it done of every such as for instance best or answer preclude almost every other or upcoming get it done, or even the exercise of every other best or solution; and you will any waiver of every such as for example name, status or other supply otherwise of any including Default otherwise Experiences out-of Standard should maybe not affect or transform it Contract, this new Notice otherwise any of the Financing Records, and each identity, reputation or any other supply associated with the Arrangement, the new Notice in addition to Financing Records shall, such feel, keep in full force and you may effect and you can is operative with respect to the most other upcoming existing or subsequent Standard or Skills away from Standard into the union therewith. 02.