Remedies of Bank. (a) After the occurrence of an Event of Default, Bank shall have no obligation to make further loans, extensions of credit or other financial accommodations to or on behalf of the Obligor, anything in any other agreement to the contrary notwithstanding.
Remedies of Bank. 18. 1. Upon the occurrence of any Event of Default, Bank may at its option and without further notice do one or more of the following:
Remedies of Bank. The remedies of the Bank, as provided herein, shall be cumulative and concurrent and may be pursued singly, successively or together, at the sole discretion of the Bank, and may be exercised as often as occasion therefor shall occur, and the failure to exercise any such right or remedy shall in no event be construed as a waiver or release thereof. The Bank shall have the right to take any action it deems appropriate without the necessity of resorting to any Collateral securing this Note.
Remedies of Bank. Upon the occurrence and during the continuance of any one or more of the Events of Default, a Bank may direct the Agent, by notice to Borrower, to declare the obligation of Banks to make Loans to be terminated, whereupon the same shall forthwith terminate and if directed by a Bank Agent may, by notice to Borrower, declare the entire unpaid principal amount of the Notes and all fees and interest accrued and unpaid thereon and/or under any of the other Financing Documents and any and all other Indebtedness hereunder to be forthwith due and payable, whereupon the Notes and all such accrued fees and interest and other such Indebtedness shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by Borrower; provided, however, that upon the occurrence of an Event of Default under Section 6.1(B) or (C) of this Agreement, all of the unpaid principal amounts of the Notes, all fees and interest accrued and unpaid thereon and/or under any of the other Financing Documents and any and all other such Indebtedness of Borrower to Agent, Banks and/or to any such holder shall thereupon be due and payable in full without any need for Agent, Banks or any other Person to make any such declaration or take any action and Banks obligations to make the Loan shall simultaneously terminate.
Remedies of Bank. (c) Upon the occurrence of any Event of Default, the entire unpaid balance of the Obligations, including interest as has accrued and as may thereafter accrue thereon, and all other sums secured by this Mortgage, shall become immediately due and payable, at the option of Bank, without notice to or demand upon Mortgagor or any other person; and thereupon, in addition to all other rights or remedies available under the Note or any of the Loan Documents, or at law or in equity, Bank may:
Remedies of Bank. 28 ARTICLE VIII
Remedies of Bank. 29 ARTICLE 8 MISCELLANEOUS............................................. 30
Remedies of Bank. If any one or more of the above Events of Default shall occur, Bank may from time to time exercise any one or more of the following remedies:
Remedies of Bank. Upon the occurrence of an Event of Default, Bank shall have all rights and remedies provided by applicable law and, without limiting the generality of the foregoing, ‘May, at its option, declare its commitments under the Loan Documents to be terminated and the Note shall thereupon be and become forthwith, due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by Borrower, anything contained herein or in the Note to the contrary notwithstanding, and may, also without limitation, appropriate and apply toward the payment of any amounts due under this Agreement and the Note, any indebtedness of Bank to Borrower however, created or arising.
Remedies of Bank. Upon the occurrence of a Default, Bank shall have all rights and remedies provided by applicable law and, without limiting the generality of the foregoing, may, at its option, declare its commitments under the Loan Documents to be terminated and the Note shall thereupon be and become forthwith, due and payable, without any presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by Borrower, anything contained herein or in any of the other Loan Documents to the contrary notwithstanding, and may, also without limitation, appropriate and apply toward the payment of any amounts due under this Agreement or the Note or any other Loan Document to which Borrower is a party any indebtedness of Bank to Borrower however created or arising, and may also, without limitation, exercise any and all rights in and to the ESOP Pledged Security, the GBC Pledged Security and any other collateral held by Bank to secure Borrower’s Liabilities. There shall be no obligation to liquidate any such collateral in any order or with any priority or to exercise any remedy available to Bank in any order. Notwithstanding anything contained herein to the contrary, pursuant to Treasury Regulation § 54.4975-7(b)(6), Bank may only execute on and otherwise assert its rights with respect to so much of the ESOP Pledged Security applicable to the Loan in default that has a value not to exceed the amount of the default.
