Borrower believes to expend to Lender practical attorneys’ charges and you may realistic legal expenses sustained inside implementing Lender’s rights, powers and remedies not as much as it Contract and each almost every other Financing File

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 under this Agreement or any other Loan Document or afforded by applicable law.

A conference regarding Default hereunder and you can around people Notice otherwise less than the Loan Files is considered getting continuous except if and you can up until waived in writing from the Bank, given that offered inside the Area eight

Section 7.05 Standard 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 Contract. This Agreement (including the Schedules and Exhibits hereto) constitutes the entire agreement of the parties hereto loan places Axis 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 post VIII should getting joining upon Financial and Debtor; and you can Lender’s inability in order to insist upon the rigid efficiency of any term, updates and other provision of this Contract, the new Mention otherwise the Financing Data files, or even take action any best otherwise solution hereunder otherwise thereunder, will not form a good waiver because of the Lender of any such as label, standing and other provision or Standard otherwise Knowledge out-of Default within the partnership therewith, neither should a single otherwise partial do so of any like proper otherwise option prevent virtually any otherwise coming do so, or even the exercise of every other best otherwise remedy; and one waiver of any such as for example title, condition or other supply or of every particularly Default otherwise Feel regarding Standard will not apply at or transform this Agreement, this new Note otherwise any of the Financing Data, and each and every label, standing and other provision for the Contract, the fresh new Note as well as the Loan Documents shall, such experience, keep completely force and impact and you can is going to be operative having esteem to almost any most other next present otherwise next Default or Enjoy regarding Default into the relationship therewith. 02.