Common use of ACKNOWLEDGMENT OF CONFESSION OF JUDGMENT PROVISIONS Clause in Contracts

ACKNOWLEDGMENT OF CONFESSION OF JUDGMENT PROVISIONS. BORROWER ACKNOWLEDGES AND AGREES THAT THE NOTES AND THE LOAN DOCUMENTS CONTAIN PROVISIONS WHEREBY BANK MAY ENTER JUDGMENT BY CONFESSION AGAINST BORROWER AFTER DEMAND OR THE OCCURRENCE OF AN EVENT OF DEFAULT, AS THE CASE MAY BE. BEING FULLY AWARE OF ITS RIGHTS TO PRIOR NOTICE AND HEARING ON THE QUESTION OF THE VALIDITY OF ANY CLAIMS THAT MAY BE ASSERTED AGAINST IT BY BANK UNDER THE NOTES AND LOAN DOCUMENTS, BEFORE JUDGMENT CAN BE ENTERED, BORROWER HEREBY WAIVES THESE RIGHTS AND AGREES AND CONSENTS TO BANK ENTERING JUDGMENT AGAINST BORROWER BY CONFESSION. ANY PROVISION IN A CONFESSION OF JUDGMENT IN ANY OF THE LOAN DOCUMENTS FOR AN ATTORNEY'S COLLECTION COMMISSION SHALL IN NO WAY LIMIT BORROWER'S LIABILITY TO REIMBURSE BANK FOR ALL LEGAL FEES ACTUALLY INCURRED BY BANK, EVEN IF SUCH FEES ARE IN EXCESS OF THE ATTORNEY'S COLLECTION COMMISSION PROVIDED FOR IN SUCH CONFESSION OF JUDGMENT.

ACKNOWLEDGMENT OF CONFESSION OF JUDGMENT PROVISIONS. BORROWER ACKNOWLEDGES BORROWERS ---- --------------------------------------------------- ACKNOWLEDGE AND AGREES AGREE THAT THE NOTES AND THE LOAN DOCUMENTS CONTAIN PROVISIONS WHEREBY BANK AGENT MAY ENTER JUDGMENT BY CONFESSION AGAINST BORROWER AFTER DEMAND OR THE OCCURRENCE OF AN EVENT OF DEFAULT, AS THE CASE MAY BEBORROWERS. BEING FULLY AWARE OF ITS THEIR RIGHTS TO PRIOR NOTICE AND HEARING ON THE QUESTION OF THE VALIDITY OF ANY CLAIMS THAT MAY BE ASSERTED AGAINST IT THEM BY BANK AGENT AND LENDERS UNDER THE NOTES AND LOAN DOCUMENTS, BEFORE JUDGMENT CAN BE ENTERED, BORROWER BORROWERS HEREBY WAIVES WAIVE THESE RIGHTS AND AGREES AGREE AND CONSENTS CONSENT TO BANK AGENT ENTERING JUDGMENT AGAINST BORROWER BORROWERS BY CONFESSION. ANY PROVISION IN A CONFESSION OF JUDGMENT IN ANY OF THE LOAN DOCUMENTS FOR AN ATTORNEY'S COLLECTION COMMISSION SHALL IN NO WAY LIMIT BORROWER'S BORROWERS= LIABILITY TO REIMBURSE BANK AGENT AND LENDERS FOR ALL LEGAL FEES ACTUALLY INCURRED BY BANKAGENT AND LENDERS, EVEN IF SUCH FEES ARE IN EXCESS OF THE ATTORNEY'S COLLECTION COMMISSION PROVIDED FOR IN SUCH CONFESSION OF JUDGMENT.

ACKNOWLEDGMENT OF CONFESSION OF JUDGMENT PROVISIONS. BORROWER ACKNOWLEDGES AND AGREES THAT THE NOTES NOTE AND THE LOAN DOCUMENTS CONTAIN PROVISIONS WHEREBY BANK MAY ENTER JUDGMENT BY CONFESSION AGAINST BORROWER AFTER DEMAND OR THE OCCURRENCE OF AN EVENT OF DEFAULT, AS THE CASE MAY BEBORROWER. BEING FULLY AWARE OF ITS RIGHTS TO PRIOR NOTICE AND HEARING ON THE QUESTION OF THE VALIDITY OF ANY CLAIMS THAT MAY BE ASSERTED AGAINST IT BY BANK UNDER THE NOTES AND LOAN DOCUMENTS, BEFORE JUDGMENT CAN BE ENTERED, BORROWER HEREBY WAIVES THESE RIGHTS AND AGREES AND CONSENTS TO BANK ENTERING JUDGMENT AGAINST BORROWER BY CONFESSIONCONFESSION AFTER THE OCCURRENCE AND DURING THE CONTINUANCE OF AN EVENT OF DEFAULT. ANY PROVISION IN A CONFESSION OF JUDGMENT IN ANY OF THE LOAN DOCUMENTS FOR AN ATTORNEY'S COLLECTION COMMISSION SHALL IN NO WAY LIMIT BORROWER'S LIABILITY TO REIMBURSE BANK FOR ALL LEGAL FEES ACTUALLY INCURRED BY BANK, EVEN IF SUCH FEES ARE IN EXCESS OF THE ATTORNEY'S COLLECTION COMMISSION PROVIDED FOR IN SUCH CONFESSION OF JUDGMENT.

ACKNOWLEDGMENT OF CONFESSION OF JUDGMENT PROVISIONS. EACH BORROWER --------------------------------------------------- ACKNOWLEDGES AND AGREES THAT THE NOTES AND THE LOAN DOCUMENTS CONTAIN PROVISIONS WHEREBY BANK MAY ENTER JUDGMENT BY CONFESSION AGAINST BORROWER AFTER DEMAND OR THE OCCURRENCE OF AN EVENT OF DEFAULT, AS THE CASE MAY BEBORROWERS. BEING FULLY AWARE OF ITS THEIR RESPECTIVE RIGHTS TO PRIOR NOTICE AND HEARING ON THE QUESTION OF THE VALIDITY OF ANY CLAIMS THAT MAY BE ASSERTED AGAINST IT THEM BY BANK UNDER THE NOTES AND LOAN DOCUMENTS, BEFORE JUDGMENT CAN BE ENTERED, BORROWER BORROWERS HEREBY WAIVES WAIVE THESE RIGHTS AND AGREES AGREE AND CONSENTS CONSENT TO BANK ENTERING JUDGMENT AGAINST BORROWER BORROWERS BY CONFESSION. ANY PROVISION IN A CONFESSION OF JUDGMENT IN ANY OF THE LOAN DOCUMENTS FOR AN ATTORNEY'S COLLECTION COMMISSION SHALL IN NO WAY LIMIT BORROWER'S BORROWERS' LIABILITY TO REIMBURSE BANK FOR ALL LEGAL FEES ACTUALLY INCURRED BY BANK, EVEN IF SUCH FEES ARE IN EXCESS OF THE ATTORNEY'S COLLECTION COMMISSION PROVIDED FOR IN SUCH CONFESSION OF JUDGMENT.. '

ACKNOWLEDGMENT OF CONFESSION OF JUDGMENT PROVISIONS. BORROWER ACKNOWLEDGES AND AGREES GUARANTORS ACKNOWLEDGE AND AGREE THAT THE NOTES LINE NOTE, THE SURETY AGREEMENT AND THE LOAN DOCUMENTS CONTAIN PROVISIONS WHEREBY BANK MAY ENTER JUDGMENT BY CONFESSION AGAINST BORROWER AFTER DEMAND OR THE OCCURRENCE OF AN EVENT OF DEFAULTGUARANTORS, AS THE CASE MAY BEAPPLICABLE. BEING FULLY AWARE OF ITS THEIR RIGHTS TO PRIOR NOTICE AND HEARING ON THE QUESTION OF THE VALIDITY OF ANY CLAIMS THAT MAY BE ASSERTED AGAINST IT THEM BY BANK UNDER THE NOTES LINE NOTE, THE SURETY AGREEMENT AND LOAN DOCUMENTS, BEFORE JUDGMENT CAN BE ENTERED, BORROWER AND GUARANTORS HEREBY WAIVES WAIVE THESE RIGHTS AND AGREES AGREE AND CONSENTS CONSENT TO BANK ENTERING JUDGMENT AGAINST BORROWER AND GUARANTORS BY CONFESSION. ANY PROVISION IN A CONFESSION OF JUDGMENT IN ANY OF THE LOAN DOCUMENTS FOR AN ATTORNEY'S COLLECTION COMMISSION SHALL IN NO WAY LIMIT BORROWER'S OR GUARANTORS' LIABILITY TO REIMBURSE BANK FOR ALL REASONABLE LEGAL FEES ACTUALLY INCURRED BY BANK, EVEN IF SUCH FEES ARE IN EXCESS OF THE ATTORNEY'S COLLECTION COMMISSION PROVIDED FOR IN SUCH CONFESSION OF JUDGMENT.

ACKNOWLEDGMENT OF CONFESSION OF JUDGMENT PROVISIONS. BORROWER ACKNOWLEDGES AND AGREES THAT THE NOTES NOTE AND THE LOAN DOCUMENTS CONTAIN PROVISIONS WHEREBY BANK MAY ENTER JUDGMENT BY CONFESSION AGAINST BORROWER AFTER DEMAND OR THE OCCURRENCE OF AN EVENT OF DEFAULT, AS THE CASE MAY BEBORROWER. BEING FULLY AWARE OF ITS RIGHTS TO PRIOR NOTICE AND HEARING ON THE QUESTION OF THE VALIDITY OF ANY CLAIMS THAT MAY BE ASSERTED AGAINST IT BY BANK UNDER THE NOTES AND LOAN DOCUMENTS, BEFORE JUDGMENT CAN BE ENTERED, BORROWER HEREBY WAIVES THESE RIGHTS AND AGREES AND CONSENTS TO BANK ENTERING JUDGMENT AGAINST BORROWER BY CONFESSIONCONFESSION AFTER THE OCCURRENCE AND DURING THE CONTINUANCE OF AN EVENT OF DEFAULT. ANY PROVISION IN A CONFESSION OF JUDGMENT IN ANY OF THE LOAN DOCUMENTS FOR AN ATTORNEY'S COLLECTION COMMISSION SHALL IN NO WAY LIMIT BORROWERBORROWERS'S LIABILITY TO REIMBURSE REIMBURCE BANK FOR ALL LEGAL FEES ACTUALLY INCURRED BY BANK, EVEN IF SUCH FEES ARE IN EXCESS OF THE ATTORNEY'S COLLECTION COMMISSION PROVIDED FOR IN SUCH CONFESSION OF JUDGMENT.