Common use of Automatic Defaults Clause in Contracts

Automatic Defaults. If any Event of Default referred to in Sections 0 or 0 above shall occur, (a) each Bank's Revolving Credit Commitment shall automatically and immediately terminate (if not already expired or terminated by the Borrower or terminated pursuant to this Section 0) whereupon no Bank shall have any obligation thereafter to make any Revolving Credit Loan hereunder and (b) all of the Obligations and all other Indebtedness, if any, then owing to the Banks (other than Indebtedness, if any, already due and payable) shall thereupon become, and thereafter be, immediately due and payable in full, all without any presentment, demand or notice

Automatic Defaults. If any Event of Default referred to in Sections 0 or 0 above Section 7.11 hereof shall occur, : (a) each Bank's Revolving Credit all of the Commitment and the credits hereby established shall automatically and immediately terminate (terminate, if not already expired or terminated by the Borrower or terminated pursuant to this Section 0) whereupon previously terminated, and no Bank thereafter shall have be under any obligation thereafter to make grant any Revolving further Loan, nor shall the Fronting Bank be obligated to issue any Letter of Credit Loan hereunder hereunder, and (b) the outstanding principal, interest and any other amounts on all of the Obligations Notes, and all of the other Indebtedness, if any, then owing Debt to the Banks (other than IndebtednessBanks, if any, already due and payable) shall thereupon become, become and thereafter be, be immediately due and payable in fullfull (if the Debt is not already due and payable), all without any presentment, demand or noticenotice of any kind, which are hereby waived by Borrower. SECTION 8.3

Automatic Defaults. If any Event of Default referred to in Sections 0 or 0 Section 9.15 above shall occur, (a) each BankLender's Revolving Credit Commitment shall automatically and immediately terminate (if not already expired or terminated by the Borrower or terminated pursuant to this Section 010) whereupon no Bank Lender shall have any obligation thereafter to make any Revolving Credit Loan hereunder and hereunder, (b) all of the Obligations and all other Indebtedness, if any, then owing to the Banks Lenders (other than Indebtedness, if any, already due and payable) shall thereupon become, become and thereafter be, be immediately due and payable in full, all without any presentment, demand or noticenotice of any kind, which are hereby waived by the Borrower.

Automatic Defaults. If any Event of Default referred to in Sections 0 or 0 Section 9.16 above shall occur, (a) each Bank's Revolving Credit Commitment Commitments shall automatically and immediately terminate (if not already expired or terminated by the Borrower or terminated pursuant to this Section 010) whereupon no Bank shall have any obligation thereafter to make any Revolving Advance hereunder, (b) the Letter of Credit Loan hereunder Bank's obligation to issue Letters of Credit shall immediately terminate and (bc) all of the Obligations and all other Indebtedness, if any, then owing to the Banks (other than Indebtedness, if any, already due and payable) shall thereupon become, become and thereafter be, be immediately due and payable in full, all without any presentment, demand or noticenotice of any kind, which are hereby waived by the Borrower.