Common use of Automatic Default Clause in Contracts

Automatic Default. An “Automatic Default” shall occur automatically upon the occurrence of any of the following events:

Appears in 19 contracts

Sources: Mezzanine Loan Agreement, Loan Agreement (Bloomin' Brands, Inc.), Loan Agreement (Industrial Income Trust Inc.)

Automatic Default. An "Automatic Default" shall occur automatically upon the occurrence of any of the following events:

Appears in 4 contracts

Sources: Modification Agreement (Manufactured Home Communities Inc), Leasehold Deed of Trust (Inland Western Retail Real Estate Trust Inc), Deed of Trust (Protein Design Labs Inc/De)