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), (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (B) 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.

Appears in 10 contracts

Samples: Term Loan Agreement (Chambers Street Properties), Term Loan Agreement (Federal Realty Investment Trust), Term Loan Agreement (Government Properties Income Trust)

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Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B) 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.

Appears in 6 contracts

Samples: Term Loan Agreement (Select Income REIT), Term Loan Agreement (Senior Housing Properties Trust), Term Loan Agreement (Senior Housing Properties Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1.(f) or 10.1.(f10.1.(g), (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (B) 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.

Appears in 6 contracts

Samples: Credit Agreement (Federal Realty Investment Trust), Term Loan Agreement (UDR, Inc.), Term Loan Agreement (UDR, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (A1)(A) the principal of, and all accrued interest on, the Loans Loan and the Notes at the time outstanding outstanding, and (B) 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 shall all immediately and automatically terminate.

Appears in 5 contracts

Samples: Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, Inc.), Loan Agreement (Equity One, 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 and (B) 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 obligation of the Lenders to make Loans hereunder, shall all immediately and automatically terminate.

Appears in 4 contracts

Samples: Term Loan Agreement (Spirit Realty Capital, Inc.), Term Loan Agreement (Realty Income Corp), Term Loan Agreement (Spirit Realty Capital, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (A1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B) all of the other Obligations, including, but not limited to, including 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 (if not previously terminated) shall all immediately and automatically terminate.

Appears in 3 contracts

Samples: Term Loan Agreement (Spirit Realty, L.P.), Term Loan Agreement (Spirit Realty, L.P.), Term Loan Agreement (Spirit Realty Capital, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B) 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.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Parkway Properties Inc), Term Loan Agreement (Parkway 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), (A1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (B) 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 Borrower, and (2) the other Loan PartiesCommitments shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Subordinated Credit Agreement (Rouse Properties, Inc.), Subordinated Credit Agreement (Rouse Properties, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (A1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (B2) 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.

Appears in 2 contracts

Samples: Term Loan Agreement (Washington Real Estate Investment Trust), Term Loan 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), (AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (B2) 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 (B) the Commitments, if then in effect, shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Term Loan Agreement (DiamondRock Hospitality Co), Term Loan Agreement (DiamondRock Hospitality Co)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (A1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (B) 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 shall immediately and automatically terminate.

Appears in 2 contracts

Samples: Term Loan Agreement (Regency Centers Lp), Term Loan Agreement (Regency Centers Lp)

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), (A) the principal of, and all accrued interest on, the Loans Loans, and the Notes at the time outstanding and (B) 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.

Appears in 2 contracts

Samples: Term Loan Agreement (Broadstone Net Lease Inc), Term Loan Agreement (Broadstone Net Lease Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1.(f) or 10.1.(f10.1.(g), (AA)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B2) 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 PartiesParties and (B) if otherwise in effect, the Commitments and the obligation of the Lenders to make Loans shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Term Loan Agreement (Post Apartment Homes Lp)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B) 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.. LEGAL02/3698915037492873v32

Appears in 1 contract

Samples: Term Loan Agreement (Senior Housing Properties Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (A1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B2) 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.

Appears in 1 contract

Samples: Term Loan Agreement (Equity Lifestyle 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), (A1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B) 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, shall all immediately and automatically terminate. ​

Appears in 1 contract

Samples: Term Loan Agreement (Sunstone Hotel Investors, Inc.)

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Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (A1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (B2) 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.

Appears in 1 contract

Samples: Term Loan Agreement (Parkway 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), (A1)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B) 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 shall all immediately and automatically terminate.

Appears in 1 contract

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

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(eSection ý10.1(f) or 10.1.(fý10.1(g), (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (B) 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.

Appears in 1 contract

Samples: Term Loan Agreement (Lexington Realty Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e8.1.(e) or 10.1.(f8.1.(f), (A) the principal of, and all accrued interest on, the Loans and the Notes Loan at the time outstanding and (B) all of the other Obligations, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent Lender under this Agreement, the Notes Agreement or any of the other Loan Documents 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.

Appears in 1 contract

Samples: Credit Agreement (U-Store-It Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1(e) or 10.1.(f11.1(f), (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B) 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.

Appears in 1 contract

Samples: Credit Agreement (CapLease, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e11.1.(e) or 10.1.(f11.1.(f), (A1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (B2) 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.

Appears in 1 contract

Samples: Term Loan Agreement (CBL & Associates Properties Inc)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) or 10.1.(f), (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B) 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 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 (B) the Commitments and the Swingline Commitment hereunder shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Apple REIT Ten, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e) 7.1.5 or 10.1.(f)7.1.6 of the Revolving Credit Agreement, (A) the principal of, and all accrued interest on, the Loans Loan and the Notes at the time outstanding and (B) 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.

Appears in 1 contract

Samples: 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), (A) the principal of, and all accrued interest and fees on, the Loans and the Notes at the time outstanding outstanding, and (B) 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.

Appears in 1 contract

Samples: Term Loan Agreement (STORE CAPITAL Corp)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1.(e10.1(e) or 10.1.(f10.1(f), (A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (B) 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.

Appears in 1 contract

Samples: Credit Agreement (Office Properties Income Trust)

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