Common use of Automatic Clause in Contracts

Automatic. Upon the occurrence of an Event of Default specified in Section 10.1(e) or Section 10.1(f), (A)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (2) all of the other Obligations 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 without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower, and, (B) the Commitments and the obligation of the Lenders to make Loans hereunder shall all immediately and automatically terminate.

Appears in 2 contracts

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

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Automatic. Upon the occurrence of an Event of Default specified in Section 10.1(eSections 11.1(e) or Section 10.1(f11.1(f), (A)(11)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (2B) all of the other Obligations of the BorrowerObligations, 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, 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 BorrowerBorrower on behalf of itself and the other Loan Parties, and, and (B2) the Term Loan Commitments and the obligation of the Lenders to make Loans hereunder (if not previously terminated) shall all immediately and automatically terminate.

Appears in 2 contracts

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

Automatic. Upon the occurrence of an Event of Default specified in Section 10.1(e) or Section 10.1(f), (A)(1) the principal of, and all accrued interest on, the Loans Advances and the Notes Note at the time outstanding outstanding, and (2) all of the other Obligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent Lender under this Agreement, the Notes Note or any of the other Loan Documents, Documents shall become immediately and automatically due and payable by Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower, and, and (B) the Commitments Commitment Amount and the obligation of the Lenders Lender to make Loans Advances hereunder shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Revolving Credit Agreement (TRI Pointe Homes, Inc.), Revolving Credit Agreement (New Home Co LLC)

Automatic. Upon the occurrence of an Event of Default specified in Section Sections 10.1(e) or Section 10.1(f), ): (A)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding; and (2) all of the other Obligations of the Borrower, 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, Documents shall become immediately and automatically due and payable by Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower, and, ; and (B) the Commitments and the obligation of the Lenders to make Loans hereunder shall all immediately and automatically terminate.

Appears in 2 contracts

Samples: Joinder Agreement (RREEF Property Trust, Inc.), Joinder Agreement (RREEF Property Trust, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Section 10.1(eSections 9.1.(e) or Section 10.1(f9.1.(f), (A)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (2) all of the other Obligations 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 without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by the Borrower, and, Borrower and (B) the Commitments and the obligation of the Lenders to make Loans 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 Section 10.1(eSections 10.1.(f) or Section 10.1(f10.1.(g), (A)(1A)(i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (2ii) all of the other Obligations of the BorrowerObligations, 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 each of the Borrower, and, Parent and the Borrower on behalf of itself and each of the other Loan Parties and (B) the Commitments and the obligation of the Lenders to make Loans hereunder shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Term Loan Agreement (First Potomac Realty Trust)

Automatic. Upon the occurrence of an Event of Default specified in Section 10.1(e10.1(f) or Section 10.1(f10.1(g), (A)(1) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (2) all of the other Obligations of the BorrowerObligations, 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, and, Borrowers on behalf of themselves and the other Loan Parties and (B) all of the Commitments and the obligation of the Lenders to make Loans hereunder Loans, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Pledge Agreement (Lexington Realty Trust)

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Automatic. Upon the occurrence of an Event of Default specified in Section 10.1(e10.1.(e) or Section 10.1(f10.1.(f), (A)(1A)(i) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding and (2ii) all of the other Obligations of the BorrowerObligations, 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, and, Borrower and (B) all of the Commitments and Commitments, the obligation of the Lenders to make Revolving Loans hereunder shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (First Franklin Financial Corp)

Automatic. Upon the occurrence of an Event of Default specified in Section 10.1(e) or Section 10.1(fSections 11.1.(f), (A)(11)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding outstanding, and (2B) all of the other Obligations of the BorrowerObligations, 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 BorrowerBorrower on behalf of itself and the other Loan Parties, and, and (B2) the Commitments and the obligation of the Lenders to make Loans hereunder Commitments, shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Credit Agreement (Dividend Capital Diversified Property Fund Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Section 10.1(eSections 10.l.(e) or Section 10.1(f), 10.l.(f) (A)(1l) (A) the principal of, and all accrued interest on, the Loans Loan and the Notes Note at the time outstanding outstanding, and (2B) all of the other Obligations of the Borrower, including, but not limited to, the other amounts owed to the Lenders and the Administrative Agent Bank under this Loan Agreement, the Notes Note 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, and, and (B2) the Commitments Commitment and the obligation of the Lenders Bank to make Loans Advances hereunder shall all immediately and automatically terminate.

Appears in 1 contract

Samples: Loan Agreement (CBL & Associates Properties Inc)

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