Common use of General Acknowledgments Clause in Contracts

General Acknowledgments. (a) Borrowers and Guarantor fully and finally waive any notice or demand from Lender to Borrowers or Guarantor in connection with the Existing Defaults. (b) By reason of the Existing Defaults Lender has the right to, at its option, declare all Obligations immediately due and payable. (c) As a result of the Existing Defaults, Lender has no further obligation to make any further advances or extensions of credit to any Borrower. (d) Neither this Agreement nor any other agreement executed in connection herewith or pursuant to the terms hereof, nor any actions taken pursuant to this Agreement or such other agreement shall be deemed to cure the Existing Defaults or any other Events of Default which may exist under the Loan Agreement or the other Loan Documents or to be a waiver by Lender of the Existing Defaults or any other defaults or Events of Default under the Loan Agreement or the other Loan Documents, or of any rights or remedies in connection therewith or with respect thereto, it being the intention of the parties hereto that the obligations of Borrowers and Guarantor with respect to the Loan Agreement and the other Loan Documents are and shall remain in full force and effect