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)(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 Borrower, including the other amounts owed to the Lenders and Administrative Agent under this Agreement, the Notes or any of the other Loan 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 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

Sources: Revolving Loan Agreement (RREEF Property Trust, Inc.), Revolving Loan Agreement (RREEF Property Trust, Inc.)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1(e10.1.(e) or 10.1(f): 10.1.(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 BorrowerObligations, including 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 Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by Borrower; the Borrower on behalf of itself and the other Loan Parties, and (B2) the Commitments and the obligation of the Lenders to make Loans hereunder shall all immediately and automatically terminate.

Appears in 2 contracts

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

Automatic. Upon the occurrence of an Event of Default specified in Sections 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; outstanding and (2) all of the other Obligations of the Borrower, including 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 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

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

Automatic. Upon the occurrence of an Event of Default specified in Sections 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; , and (2) all of the other Obligations of Borrower, including including, but not limited to, the other amounts owed to the Lenders and Administrative Agent Lender under this Agreement, the Notes Note or any of the other Loan 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 Borrower; , 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

Sources: Revolving Credit Agreement (New Home Co LLC), Revolving Credit Agreement (TRI Pointe Homes, 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), (A)(11)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding; , and (2B) all of the other Obligations of BorrowerObligations, 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 by Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by Borrower; the Borrower on behalf of itself and the other Loan Parties, 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

Sources: 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 Sections 10.1(e10.1.(f) or 10.1(f): 10.1.(g), (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 BorrowerObligations, including including, but not limited to, the other amounts owed to the Lenders and Administrative the Agent under this Agreement, the Notes or any of the other Loan 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 Borrower; each of the 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

Sources: Term Loan Agreement (First Potomac Realty Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1(e) or 10.1(f): 11.1.(f), (A)(11)(A) the principal of, and all accrued interest on, the Loans and the Notes at the time outstanding; , and (2B) all of the other Obligations of BorrowerObligations, including 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 Borrower without presentment, demand, protest, or other notice of any kind, all of which are expressly waived by Borrower; the Borrower on behalf of itself and the other Loan Parties, 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

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

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1(e9.1.(e) or 10.1(f): 9.1.(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 including, but not limited to, the other amounts owed to the Lenders and Administrative the 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 Borrower; the 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

Sources: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1(eSection 10.1.(e) or 10.1(f): 10.1.(f), (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 BorrowerObligations, including including, but not limited to, the other amounts owed to the Lenders and Administrative Agent under this Agreement, the Notes or any of the other Loan 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 Borrower; the 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

Sources: Credit Agreement (First Franklin Financial Corp)

Automatic. Upon the occurrence of an Event of Default specified in Sections 10.1(eSection 10.1(f) or 10.1(f): 10.1(g), (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 BorrowerObligations, including including, but not limited to, the other amounts owed to the Lenders and Administrative the Agent under this Agreement, the Notes or any of the other Loan 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 Borrower; the 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

Sources: Term Loan Agreement (Lexington Realty Trust)