Common use of Automatic Defaults Clause in Contracts

Automatic Defaults. If any Event of Default referred to in Section 8.11 hereof shall occur: (a) all of the Revolving Credit Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and Lender thereafter shall not be under any obligation to grant any further Revolving Loan hereunder, and (b) the principal of and interest then outstanding on the Note, and all of the Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrower.

Automatic Defaults. If any Event of Default referred to in Section 8.11 7.12 hereof shall occur: (a) all of the Revolving Credit Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and Lender no Bank thereafter shall not be under any obligation to grant any further Revolving Loan hereunder, and (b) the principal of and interest then outstanding on the Noteall Notes, and all of the DebtDebt to the Banks, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrower.

Automatic Defaults. If any Event of Default referred to in Section 8.11 7.12 hereof shall occur: (a) all of the Revolving Credit EXIM Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and Lender no Bank thereafter shall not be under any obligation to grant any further Revolving Loan Loan, hereunder, and (b) the principal of and interest then outstanding on the Noteall Notes, and all of the Debt, Debt shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by U.S. Borrower.

Automatic Defaults. If any Event of Default referred to in Section 8.11 hereof shall occur: (a) all of the Revolving Credit Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and Lender no Bank thereafter shall not be under any obligation to grant any further Revolving Loan hereunderLoan, and (b) the principal of and interest then outstanding on all of the NoteNotes, and all of the other Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by BorrowerBorrowers.

Automatic Defaults. If any Event of Default referred to in Section 8.11 hereof 7.9 shall occur: (a) all of the Revolving Credit Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and Lender no Bank thereafter shall not be under any obligation to grant any further Revolving Loan or Loans hereunder, and (b) the principal of and interest on any Notes then outstanding on the Noteoutstanding, and all of the Debt, Debt shall thereupon become and thereafter be immediately due and payable in full (if the Debt is it be not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrower.

Automatic Defaults. If any Event of Default referred to in Section 8.11 7.10 hereof shall occur: (a) all of the Revolving Credit Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and Lender no Bank thereafter shall not be under any obligation to grant any further Revolving Loan hereunder, and (b) the principal of principal, interest and interest any other amounts then outstanding on all of the NoteNotes, and all of the other Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrower.

Automatic Defaults. If any Event event of Default default referred to in Section 8.11 6.5 hereof shall occur:, (a) all of the Revolving Credit Commitment and the credits credit hereby established shall automatically and immediately forthwith terminate, if not previously theretofore terminated, and Lender Bank thereafter shall not be under any no obligation to grant any further Revolving Loan loan or loans hereunder, and (b) the principal of and interest on any Note, then outstanding on the Noteoutstanding, and all of the Debt, Borrowers' aggregate Debt to Bank shall thereupon become and thereafter be immediately due and payable in full (if the Debt is it be not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by BorrowerBorrowers.

Automatic Defaults. If any Event of Default referred to in Section 8.11 7.11 hereof shall occur: (a) all of the Revolving Credit Commitment and the credits hereby established shall automatically and immediately terminate, if not previously theretofore terminated, and Lender no Bank thereafter shall not be under any obligation to grant any further Revolving Loan or Loans hereunder, and (b) the principal of and interest on any Notes then outstanding on the Noteoutstanding, and all of the DebtDebt to the Banks, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is it be not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrower.

Automatic Defaults. If any Event of Default referred to in Section 8.11 8.10 hereof shall occur: (a) all of : the Revolving Credit Commitment and the credits hereby established shall automatically and immediately terminateterminated, if not previously terminated, and Lender Bank thereafter shall not be under any obligation to grant any further Revolving Loan hereunder, and (b) and the principal of and interest then outstanding on the Noteall Notes, and all of the Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which that are hereby waived by BorrowerBorrowers.

Automatic Defaults. If any Event of Default referred to in Section 8.11 7.9 hereof shall occur: (a) all of the Revolving Credit Commitment Commitments and the credits hereby established shall automatically and immediately terminate, if not previously theretofore terminated, and Lender Bank thereafter shall not be under any obligation to grant any further Revolving Loan or Loans hereunder, and (b) the principal of and interest on any Notes then outstanding on the Noteoutstanding, and all of the DebtBorrowers' Debt to Bank, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is it be not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by BorrowerBorrowers.

Automatic Defaults. If any Event of Default referred to in Section 8.11 6.12 hereof shall occur: (a) all of the Revolving Credit Commitment Commitments and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and Lender no Bank thereafter shall not be under any obligation to grant any further Revolving Loan hereunder, ; and (b) the principal of and interest then outstanding on all of the NoteNotes, and all of the other Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrower.