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 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.

Automatic Defaults. If any Event of Default referred to in Sections 0 Section 10.07(e), 10.07(f) or 0 above 10.07(g) hereof 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 Commitments and the credits hereby established shall automatically and forthwith terminate, if not theretofore terminated, and no Bank thereafter shall be under any obligation to grant any further Loan or Loans and/or issue further letters of credit hereunder, and (b) the principal of and interest on all Notes then outstanding, and all other Indebtedness, if any, then owing of Borrower's Debt 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 fullfull (if it be not already due and payable), all without any presentment, demand or noticenotice of any kind, all of which are hereby waived by Borrower.

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 Of Default referred to in Sections 0 or 0 above subsection 5A.07 shall occur, , (a) each Bank's the Revolving Credit Commitment Commitments shall automatically and immediately terminate (if not already expired or terminated by the Borrower reduced to zero pursuant to section 2B or terminated pursuant to this Section 0section) whereupon and no Bank shall have any obligation thereafter to make grant any Revolving Credit Loan hereunder and to Borrower, and (b) all of the Obligations Subject Indebtedness and all other IndebtednessDebt, if any, then owing to the Banks and Agent or any thereof (other than IndebtednessDebt, 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 Borrower.