Laserfiche WebLink
<br />immediately due and payable, and upon notice to the Borrower the same shall become immediately <br />due and payable by the Borrower without further notice or demand. <br /> <br />(b) Take whatever other action at law or in equity which may appear necessary or <br />desirable to collect amounts then due and thereafter to become due hereunder or to enforce any other <br />of its or their rights hereunder. <br /> <br />SECTION 8.04. [Reserved). <br /> <br />SECTION 8.05. No Remedy Exclusive; Waiver, Notice. No remedy herein conferred <br />upon or reserved to the Councilor the Trustee is intended to be exclusive and every such remedy <br />shall be cumulative and shall be in addition to every other remedy given under this Loan Agreement <br />or now or hereafter existing at law or in equity. No delay o.r omission to exercise any right, remedy <br />or power shall be construed to be a waiver thereof, but any such right, remedy or power may be <br />exercised from time to time and as often as may be deemed expedient. In order to entitle the Council <br />or the Trustee to exercise any remedy reserved to it in this Article VIII, it shall not be necessary to <br />give any notice other than such notice as may be required in this Article VIII. <br /> <br />SECTION 8.06. Application of Moneys. Any moneys collected by the Councilor the <br />Trustee pursuant to Section 8.03 hereof shall be applied (a) first, to pay any attorney's fees or other <br />, expenses owed by Borrower pursuant to Section 5. 03(b )(3) and (4) hereof, (b) second, to pay interest <br />due on the Loan, (c) third, to pay principal due on the Loan, (d) fourth, to pay any other amounts due <br />hereunder, and (e) fifth, to pay interest and principal on the Loan and other amounts payable <br />hereunder but which are not due, as they become due (in the same order, as to amounts which come <br />due simultaneously, as in (a) through (d) in this Section 8.06). <br /> <br />27 <br />