Common use of Automatic Acceleration of Maturity Clause in Contracts

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (f) of Section 8.01 with respect to the Borrower or the Parent shall occur, the obligation of each Bank to make Advances shall immediately and automatically be terminated and the Notes, all interest on the Notes and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Appears in 6 contracts

Samples: Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Term Loan Agreement (LaSalle Hotel Properties)

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Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (fe) of Section 8.01 with respect to the Borrower or the Parent 7.01 shall occur, occur the obligation of each Bank to make Advances shall immediately and automatically be terminated and the Notes, all interest on the Notes and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the BorrowerBorrowers.

Appears in 2 contracts

Samples: Credit Agreement (Schweitzer Mauduit International Inc), Credit Agreement (Schweitzer Mauduit International Inc)

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (fe) of Section 8.01 with respect to the Borrower or the Parent 7.01 shall occur, the obligation of each Bank Lender to make Advances Loans shall immediately and automatically be terminated and the NotesLoans, all interest on the Notes Loans, and all other amounts payable under this Agreement and the Instruments shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Corpbanca/Fi), Credit Agreement (Corpbanca/Fi)

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (fe) of Section 8.01 with respect to the Borrower or the Parent 7.01 shall occur, the obligation of each Bank to make Advances shall immediately and automatically be terminated and the Notes, all interest on the Notes Notes, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (fSection 8.01(f) of Section 8.01 with respect to the Borrower or the Parent shall occur, the obligation of each Bank to make Advances shall immediately and automatically be terminated and the Notes, all interest on the Notes and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Appears in 1 contract

Samples: Pledge and Security Agreement (LaSalle Hotel Properties)

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (f) of Section 8.01 with respect to the Borrower or the Parent shall occur, the obligation of each Bank Lender to make Advances an Advance shall immediately and automatically be terminated and the Notesprincipal amount of all Advances, all interest on all of the Notes Advances and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Appears in 1 contract

Samples: Senior Unsecured Term Loan Agreement (Seritage Growth Properties)

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Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (f) of Section 8.01 with respect to the Borrower or the Parent shall occur, the obligation of each Bank Lender to make Advances shall immediately and automatically be terminated and the Notesprincipal amount of all Advances, all interest on all of the Notes Advances and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Appears in 1 contract

Samples: Senior Unsecured Term Loan Agreement (Seritage Growth Properties)

Automatic Acceleration of Maturity. If any Event of Default pursuant to paragraph (fe) of Section 8.01 with respect to the Borrower or the Parent 7.01 shall occur, the obligation of each Bank Lender to make Advances Loans shall immediately and automatically be terminated and the NotesLoans, all interest on the Notes Loans, and all other amounts payable under this Agreement and each Instrument shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Corpbanca/Fi)

Automatic Acceleration of Maturity. If any Event of Default ---------------------------------- pursuant to paragraph (f) of Section 8.01 with respect to the Borrower or the Parent shall occur, then the obligation of each Bank to make Advances shall immediately and automatically be terminated and the Notes, all interest on the Notes Notes, and all other amounts payable under this Agreement shall immediately and automatically become and be due and payable in full, without presentment, demand, protest or any notice of any kind (including, without limitation, any notice of intent to accelerate or notice of acceleration), all of which are hereby expressly waived by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (American General Hospitality Corp)

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