Common use of Automatic Clause in Contracts

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 25 contracts

Samples: Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust)

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Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 13 contracts

Samples: Master Lease Agreement (Senior Housing Properties Trust), Credit Agreement (Chambers Street Properties), Credit Agreement (Select Income REIT)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 10 contracts

Samples: Credit Agreement (Realty Income Corp), Credit Agreement (Sunstone Hotel Investors, Inc.), Credit Agreement (Sunstone Hotel Investors, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f)11.1.(f) with respect to the Borrower or the Parent, (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to 103% of the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the any Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 8 contracts

Samples: Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.), Credit Agreement (NetSTREIT Corp.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f)11.1(f) with respect to the Borrower, (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account Account, and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 7 contracts

Samples: Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) the Commitments and the Swingline Commitment Commitment, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks Agent to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 5 contracts

Samples: Credit Agreement (CRT Properties Inc), Credit Agreement (Regency Centers Lp), Credit Agreement (Washington Real Estate Investment Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(f) or 10.1.(f11.1.(g), (1)(AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B2) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 11.5. and (C3) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2B) the Commitments and Commitments, the Swingline Commitment Commitment, and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 5 contracts

Samples: Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1.(f) or 10.1.(f10.1.(g), (1)(AA)(i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (Bii) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (Ciii) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders Lenders, the Swingline Lender and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2B) all of the Commitments and Commitments, the obligation of the Lenders to make Revolving Loans, the Swingline Commitment Commitment, the obligation of the Swingline Lender to make Swingline Loans, and the obligation of the Issuing Banks Agent to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 5 contracts

Samples: Credit Agreement (United Dominion Realty Trust Inc), Credit Agreement (Commercial Net Lease Realty Inc), Credit Agreement (Senior Housing Properties Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 4 contracts

Samples: Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A1) (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrowers, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents or the Fee Letters shall become immediately and automatically due and payable by any Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the such Borrower on behalf of itself and the other Loan Parties, and (2) the Revolving Credit Commitments, the Term Loan Commitments and the Swingline Commitment Commitments, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 4 contracts

Samples: Credit Agreement (Park Hotels & Resorts Inc.), Credit Agreement (Park Hotels & Resorts Inc.), Credit Agreement (Park Hotels & Resorts Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1(e) or 10.1.(f10.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 4 contracts

Samples: Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent), Credit Agreement (Select Income Reit)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f)11.1(f) with respect to the Borrower, (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account Account, and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 4 contracts

Samples: Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower Parent and the Borrower, each on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 3 contracts

Samples: Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc), Credit Agreement (Tier Reit Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) the Commitments and the Swingline Commitment Commitment, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 3 contracts

Samples: Amended And (Washington Real Estate Investment Trust), Designation Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 3 contracts

Samples: Credit Agreement (Hudson Pacific Properties, L.P.), Credit Agreement (Hudson Pacific Properties, Inc.), Credit Agreement (Hudson Pacific Properties, L.P.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Revolving Credit Commitments and the Swingline Commitment Commitments, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 3 contracts

Samples: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1(e) or 10.1.(f)(f) with respect to any Loan Party, (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by each of the Borrower Borrowers on behalf of itself and the other Loan Parties, and (2) the Revolving Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 3 contracts

Samples: Credit Agreement (General Growth Properties, Inc.), Credit Agreement (General Growth Properties, Inc.), Credit Agreement (General Growth Properties, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(eSection 10.1(e) or 10.1.(fSection 10.1(f), (1)(AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, outstanding and (B2) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C3) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents Documents, shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and and, (2B) the Commitments and Commitments, the Swingline Commitment obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 3 contracts

Samples: First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), Intercreditor Agreement (Pennsylvania Real Estate Investment Trust), First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Parent and the Borrower on behalf of itself themselves and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Parkway Properties Inc), Credit Agreement (Parkway Properties Inc), Credit Agreement (Parkway Properties Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(f) or 10.1.(f11.1(g), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account Account, and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and Commitments, the Swingline Commitment Commitment, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Smith Douglas Homes Corp.), Credit Agreement (Smith Douglas Homes Corp.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Parent and the Borrower on behalf of itself themselves and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the each Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.. (ii)

Appears in 2 contracts

Samples: Credit Agreement (Equity Lifestyle Properties Inc), Credit Agreement (Equity Lifestyle Properties Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(esubsections 11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account Account, and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment Commitment, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Equity One, Inc.), Credit Agreement (Equity One, Inc.)

Automatic. Upon the occurrence and during the continuance of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans Loans, and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Revolving Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Broadstone Net Lease Inc), Credit Agreement (Broadstone Net Lease Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, hereunder shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment Commitments and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (United Dominion Realty L P), Credit Agreement (United Dominion Realty L P)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Ps Business Parks Inc/Ca), Revolving Credit Agreement (Ps Business Parks Inc/Ca)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(AA)(i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (Bii) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (Ciii) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2B) the Commitments and the Swingline Commitment obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks Administrative Agent to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Equity One Inc), Credit Agreement (Equity One, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Revolving Credit Commitments and the Swingline Commitment Commitments, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(eSection 10.1(f) or 10.1.(f10.1(g), (1)(AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B2) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 2.13 and (C3) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower Borrowers on behalf of itself themselves and the other Loan Parties, Parties and (2B) all of the Commitments and Commitments, the Swingline Commitment obligation of the Lenders to make Loans and the obligation of the Issuing Banks Agent to issue Letters of Credit hereunder, hereunder shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Lexington Realty Trust), Credit Agreement (Lexington Realty Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(eSection 10.1(f) or 10.1.(f10.1(g), (1)(AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B2) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 2.13 and (C3) all of the other ObligationsObligations of the Borrowers, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrowers without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, Borrowers and (2B) all of the Commitments and Commitments, the Swingline Commitment obligation of the Lenders to make Loans and the obligation of the Issuing Banks Agent to issue Letters of Credit hereunder, hereunder shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Lexington Realty Trust), Credit Agreement (Lexington Realty Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1.(f) or 10.1.(f10.1.(g), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 10.5. and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders Lenders, the Issuing Bank and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) all of the Commitments and Commitments, the Swingline Commitment obligation of the Lenders to make Revolving Loans hereunder and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (National Retail Properties, Inc.), Credit Agreement (National Retail Properties, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(eSection 11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Revolving Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1.(f) or 10.1.(f10.1.(g), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Colonial Realty Limited Partnership), Credit Agreement (Post Apartment Homes Lp)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Parent and the Borrower on behalf of itself themselves and the other Loan Parties, and (2) the Commitments and the Swingline Commitment Commitment, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Equity Lifestyle Properties Inc), And Consolidated Credit Agreement (Equity Lifestyle Properties Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(eSection 11.1.(h) or 10.1.(f11.1.(i), (1)(AA)(i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (Bii) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 11.5. and (Ciii) all of the other ObligationsObligations (other than obligations in respect of Swap Agreements and Treasury Management Services Agreement), including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2B) all of the Commitments and Commitments, the Swingline Commitment obligation of the Lenders to make Loans and the obligation of the Issuing Banks Agent to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement; And Waiver Agreement (Morgans Hotel Group Co.), Security Agreement (Morgans Hotel Group Co.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f)) with respect to a Borrower, (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Partieseach Borrower, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Sl Green Operating Partnership, L.P.), Credit Agreement (Sl Green Operating Partnership, L.P.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower Borrowers on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Option and Subordination Agreement (CapLease, Inc.), Credit Agreement (American Realty Capital Properties, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1.(f) or 10.1.(f10.1.(g), (1)(AA)(i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (Bii) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account Account, and (Ciii) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders Lenders, the Issuing Bank and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by each of the Parent and the Borrower on behalf of itself and each of the other Loan Parties, Parties and (2B) the Commitments and Commitments, the Swingline Commitment Commitment, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, hereunder shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: And Consolidated Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 11.6. and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders Lenders, the Swingline Lender and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment Commitment, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Credit Agreement (Excel Trust, Inc.), Assignment and Assumption Agreement (Excel Trust, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e12.1(g) or 10.1.(f(h), (1)(AA) (i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (Bii) an amount equal to the Stated Amount stated amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account Default, and (Ciii) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders Banks, the Issuing Bank and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2B) all of the Commitments and Commitments, the Swingline Commitment obligation of the Banks to make Loans and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Loan Agreement (NNN Healthcare/Office REIT, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(eSection 11.1.(h) or 10.1.(f11.1.(i), (1)(AA)(i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (Bii) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default (for deposit into the Letter of Credit Collateral Account pursuant to Section 11.5.) and (Ciii) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders Lenders, the Issuing Bank and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, Borrowers and (2B) all of the Commitments and Commitments, the Swingline Commitment obligation of the Lenders to make Loans and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Security Agreement (Morgans Hotel Group Co.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Revolving Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Revolving Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, hereunder shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Service Properties Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.. (ii)

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f)11.1.(f) with respect to the Borrower or the Parent, (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to 103% of the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the any Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.. 105

Appears in 1 contract

Samples: Credit Agreement (NETSTREIT Corp.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e9.1.(e) or 10.1.(f9.1.(f), (1)(AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, outstanding and (B2) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C3) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents Documents, shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and and, (2B) the Commitments and Commitments, the Swingline Commitment Commitment, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 11.6. and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders Lenders, the Swingline Lender and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself themselves and the other Loan Parties, and (2) the Commitments and the Swingline Commitment Commitment, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Pacific Office Properties Trust, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.. - #PageNum# -

Appears in 1 contract

Samples: Credit Agreement (Hudson Pacific Properties, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans Advances and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) the Commitments and the Swingline Commitment Commitment, the obligation of the Lenders to make Advances hereunder, and the obligation of the Issuing Banks Agent to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (CBL & Associates Properties Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Parent and the Borrower on behalf of itself themselves and the other Loan Parties, and (2) the Commitments and the Swingline Commitment Commitment, and the obligation of the each Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.. (ii)

Appears in 1 contract

Samples: Credit Agreement (Equity Lifestyle Properties Inc)

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Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e9.1.(e) or 10.1.(f9.1.(f), (1)(AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, outstanding and (B2) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C3) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents Documents, shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and and, (2B) the Commitments and Commitments, the Swingline Commitment Commitment, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(f) or 10.1.(f11.1.(g), (1)(AA)(i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (Bii) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (Ciii) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders Lenders, the Swingline Lender and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2B) all of the Commitments and Commitments, the obligation of the Lenders to make Revolving Loans, the Swingline Commitment Commitment, the obligation of the Swingline Lender to make Swingline Loans, and the obligation of the Issuing Banks Agent to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Corporate Office Properties Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by each of the Parent and the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Trade Street Residential, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f)11.1.(f) with respect to the Borrower or the Parent, (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to 103% of the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (NETSTREIT Corp.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(f) or 10.1.(f11.1.(g), (1)(AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B2) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 11.5. and (C3) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2B) the Commitments and Commitments, the Swingline Commitment Commitment, and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.. (ii)

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1.(f) or 10.1.(f10.1.(g), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 10.6. and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders Lenders, the Issuing Bank and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) all of the Commitments and Commitments, the Swingline Commitment obligation of the Lenders to make Revolving Loans hereunder and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (NNN Reit, Inc.)

Automatic. Upon the occurrence and during the continuance of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans Loans, and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Broadstone Net Lease, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (STORE CAPITAL Corp)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans Advances and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) the Commitments and the Swingline Commitment Commitment, the obligation of the Lenders to make Advances hereunder, and the obligation of the Issuing Banks Agent to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Unsecured Credit Agreement (CBL & Associates Properties Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account Account, and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Spirit Realty Capital, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) the Commitments and the Swingline Commitment Commitment, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Maui Land & Pineapple Co Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f)) with respect to a Borrower or any other Loan Party, (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the each Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Sl Green Operating Partnership, L.P.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) the Commitments and the Swingline Commitment Commitment, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (RLJ Lodging Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(esubsections 11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account Account, and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Equity One, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(f) or 10.1.(f11.1(g), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account Account, and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Partieseach Borrower, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.. 103

Appears in 1 contract

Samples: Credit Agreement (United Homes Group, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(eSection 11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but -52- not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) the Commitments and the Swingline Commitment Commitment, the obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks Agent to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Keystone Property Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(eSection 11.1(e) or 10.1.(fSection 11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ps Business Parks, Inc./Md)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A1) (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrowers, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents or the Fee Letters shall become immediately and automatically due and payable by any Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the such Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and Revolving Commitments, the Swingline Commitment obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Park Hotels & Resorts Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower Parent and the Borrower, each on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.. (ii)

Appears in 1 contract

Samples: Credit Agreement (Saul Centers Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(f) or 10.1.(f11.1.(g), (1)(AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B2) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 11.5. and (C3) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2B) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and Revolving Credit Commitments, the Swingline Commitment obligation of the Lenders to make Loans hereunder, and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (RLJ Lodging Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1(e) or 10.1.(f10.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for NAI-1532684191v1 ​ deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, hereunder shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (UDR, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(f) or 10.1.(f11.1.(g), (1)(AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B2) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account pursuant to Section 11.5. and (C3) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2B) the Commitments and Commitments, the Swingline Commitment Commitment, and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Parent and the Borrower on behalf of itself themselves and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Parkway, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower Parent and the Borrower, each on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Saul Centers Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A1) (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan PartiesBorrower, and (2) the Commitments and the Swingline Commitment obligation of (i) the Lenders to make Loans and (ii) the obligation of the Issuing Banks to issue Letters of Credit hereunder, hereunder shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Lodging Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit 91 outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: And Consolidated Credit Agreement (Chambers Street Properties)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Bank to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.. ​

Appears in 1 contract

Samples: Credit Agreement (Sunstone Hotel Investors, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1.(f) or 10.1.(f10.1.(g), (1)(AA)(i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (Bii) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (Ciii) all of the other ObligationsObligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders Lenders, the Swingline Lender and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable by the Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2B) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks Lenders to make Revolving Loans, the obligation of the Swingline Lender to make Swingline Loans, the obligation of the Agent to issue Letters of Credit hereunder, and all of the Commitments shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Federal Realty Investment Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1.(e)10.1(e) or 10.1.(f10.1.(f)10.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Office Properties Income Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding, (B) an amount equal to the Stated Amount of all Letters of Credit outstanding as of the date of the occurrence of such Event of Default for deposit into the Letter of Credit Collateral Account and (C) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent under this Agreement, the Notes or any of the other Loan Documents shall become immediately and automatically due and payable without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower on behalf of itself and the other Loan Parties, and (2) the Commitments and the Swingline Commitment and the obligation of the Issuing Banks to issue Letters of Credit hereunder, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Hudson Pacific Properties, L.P.)

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