Common use of Automatic Defaults Clause in Contracts

Automatic Defaults. If any Event of Default referred to in Section 7.10 hereof shall occur: (a) all of the Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, no Lender thereafter shall be obligated to grant any Loan, Agent shall not be obligated to make any Swing Loan, and the LC Issuer shall not be obligated to issue any Letter of Credit hereunder, and (b) the outstanding principal, interest and any other amounts 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.

Automatic Defaults. If any Event of Default referred to in Section 7.10 7.9 hereof shall occur: (a) all of the Commitment and the credits hereby established shall automatically and immediately terminate, if not previously theretofore terminated, and no Lender Bank thereafter shall be obligated under any obligation to grant any Loanfurther Loan or Loans hereunder, nor shall Agent shall not be obligated to make (or any Swing Loan, and the LC Issuer shall not Fronting Bank) be obligated to issue any Letter of Credit hereunder, and (b) the outstanding principal, principal of and interest and on any other amounts on all of the NotesNotes then outstanding, and all of the other DebtDebt to the Banks, 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 Borrower.

Automatic Defaults. If any Event of Default referred to in Section 7.10 hereof shall occur: (a) all of the Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be obligated under any obligation to grant any further Loan, nor shall Agent shall not be obligated to make any Swing Loan, and the LC Issuer shall not be obligated to issue any Letter of Credit hereunder, and (b) the outstanding principal, interest and any other amounts 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.

Automatic Defaults. If any Event of Default referred to in Section 7.10 7.12 hereof shall occur: (a) all of the Commitment and the credits hereby established shall automatically and immediately terminate, if not previously terminated, and no Lender Bank thereafter shall be obligated under any obligation to grant any further Loan, nor shall Agent shall not be obligated to make or any Swing Loan, and the LC Issuer shall not Fronting Bank be obligated to issue any Letter of Credit hereunder, and (b) the principal of and interest then outstanding principal, interest and any other amounts on all of the Notes, and all of the other Debt, 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 BorrowerBorrowers.