Common use of Automatic Defaults Clause in Contracts

Automatic Defaults. If any Event of Default referred to in Section 7.10 hereof shall occur the principal, interest and any other amounts then outstanding on all of the Notes, and all of the other Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrower.

Appears in 4 contracts

Samples: Term Loan Agreement (Nordson Corp), Term Loan Agreement (Nordson Corp), Credit Agreement (Nordson Corp)

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Automatic Defaults. If any Event of Default referred to in Section ‎Section 7.10 hereof shall occur the principal, interest and any other amounts then outstanding on all of the Notes, and all of the other Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrower.

Appears in 1 contract

Samples: Term Loan Agreement (Nordson Corp)

Automatic Defaults. If any Event of Default referred to in Section 7.10 7.11 hereof shall occur the principal, principal of and interest and any other amounts then outstanding on all of the Notes, and all of the other Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by each Borrower.

Appears in 1 contract

Samples: Credit Agreement (Borders Group Inc)

Automatic Defaults. If any Event of Default referred to in Section 7.10 hereof 7 shall occur occur, the principalprincipal of and interest on the Note, interest and any other amounts then outstanding on all of the Notesoutstanding, and all of the other Debt, Borrower Obligations shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable)full, all without any presentment, demand demand, or notice of any kind, which are hereby waived by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Evergreen International Aviation Inc)

Automatic Defaults. If any Event of Default referred to in Section 7.10 6.09 hereof shall occur the outstanding principal, interest and any other amounts then outstanding on all of the NotesNote, and all of the other DebtObligations, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Evans Bob Farms Inc)

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Automatic Defaults. If any Event of Default referred to in Section 7.10 hereof 7.9 shall occur occur, the principal, principal of and interest and any other amounts then outstanding on all of the NotesNote, and all of the Borrower's other Bank Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is it be not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by the Borrower.

Appears in 1 contract

Samples: Mortgage Loan Agreement (Officemax Inc /Oh/)

Automatic Defaults. If any Event of Default referred to in Section 7.10 hereof shall occur occur, the Commitments shall thereupon become and thereafter be immediately terminated, and the principal, interest and any other amounts then outstanding on all of the Notes, and all of the other Debt, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is not already due and payable), in each case, all without any presentment, demand or notice of any kind, which are hereby waived by BorrowerBorrowers.

Appears in 1 contract

Samples: Term Loan Agreement (Nordson Corp)

Automatic Defaults. If any Event of Default referred to in Section 7.10 7.12 hereof shall occur the principal, principal of and interest and any other amounts then outstanding on all of the NotesTerm Loan, and all of the other DebtObligations, shall thereupon become and thereafter be immediately due and payable in full (if the Debt is Obligations are not already due and payable), all without any presentment, demand or notice of any kind, which are hereby waived by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Sykes Enterprises Inc)

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