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 loans in Greensboro 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.
Section 7.05 Default 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 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 otherwise waiver effected according to this information VIII shall become binding on Financial and you can Debtor; and you can Lender’s failure to help you insist on the newest rigorous efficiency of every name, updates or other provision of the Agreement, the fresh new Mention otherwise some of the Financing Data files, or to do it any best otherwise answer hereunder or thereunder, shall not constitute a great waiver from the Bank of every such as title, standing and other provision or Standard otherwise Event of Default during the union therewith, nor will an individual otherwise limited get it done of every like right or remedy preclude various other or upcoming take action, or perhaps the exercise of every almost every other correct or remedy; and you can any waiver of any like identity, condition or other supply otherwise of any such as for instance Standard otherwise Enjoy off Default shall perhaps not affect otherwise transform that it Arrangement, the latest Note otherwise the Financing Records, and each identity, condition or other supply associated with the Contract, the latest Mention together with Loan Data files shall, this kind of experience, keep entirely push and you can feeling and you will can be surgical having regard to almost any most other next current or further Default or Experience away from Standard inside commitment therewith. 02.