Borrower agrees to pay to help you Lender sensible attorneys’ charge and realistic legal expenditures incurred in enforcing Lender’s legal rights, vitality and you may cures below this Contract and every most other Loan File
Section 7.03 Owed 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 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 off Default hereunder and you will significantly less than people Mention or less than all Mortgage Files might be considered to-be proceeded unless of course and you can up to waived in writing of the Bank, since the offered in the Section seven
Section 7.05 Default Price. 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 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 or waiver effected according to this information VIII shall be binding up on Bank and Borrower; and you may Lender’s failure to insist on the brand new strict performance of every name, updates or any other supply of this Contract, the fresh new Notice or some of the Financing Documents, or even get it done any best otherwise remedy hereunder or thereunder, should perhaps not compose a beneficial waiver from the Bank of every such as for instance title, position and other provision otherwise Default otherwise Skills of Standard during the partnership therewith, neither should an individual or limited get it done of any such as for instance correct otherwise answer prevent another otherwise upcoming get it done, or even the do so of any almost every other proper or remedy; and you can any waiver of every eg term, condition or any other provision or of any such as Standard or Skills of Default shall maybe not apply at or changes this Agreement, the latest Mention otherwise some of the Mortgage Documents, and each and every identity, status or any other provision associated with Contract, brand new Notice as well as the Loan Records should, in such knowledge, continue entirely force and you loan places Mignon will perception and you will should be surgical with value to your most other next established otherwise subsequent Standard otherwise Enjoy from Default when you look at the relationship therewith. 02.