Automatic Default shall occur automatically upon the occurrence of any of the following events:

Automatic Default has the meaning set forth in Section 12(h) of this Agreement.

Automatic Default shall have the meaning set forth in Section 13 hereof.

Examples of Automatic Default in a sentence

At Agent's request, or without request in the event of an Automatic Default, each Dealer shall pay all Vendor Credits to Agent as soon as the same are received for application to the Obligations.
Automatic Default and Dismissal Policy Defendants argue that plaintiffs fail to statea claim for which relief can be granted.
In the event of any of the Automatic Default Events, the Debentures will automatically become due, regardless of judicial or extrajudicial notice or notification.
Notwithstanding anything to the contrary herein, upon the earlier to occur of a Notice Default and an Automatic Default (each as defined in the Convertible Secured Note), the proxy shall, without further action by any party, be automatically revoked.
Notwithstanding anything to the contrary herein, upon the earlier to occur of a Notice Default and an Automatic Default, the proxy shall, without further action by any party, be automatically revoked.

More Definitions of Automatic Default

Automatic Default shall occur automatically upon the occurrence of any of the following events: DEED OF TRUST (VIRGINIA) Xxxxx Fargo/Xxxx Properties/Cracker Barrel Loan Xx. 00-00000000/Xxxxx Xx. 000

Automatic Default shall have the meaning ascribed to such term in Section 7.1.b.

Automatic Default has the meaning ascribed to such term in Section 9.1(b) hereof.

Automatic Default has the meaning set forth in Section 6.1(g).

Automatic Default has the meaning set forth in Section 11. Base Rate means, for any day, a rate per annum equal to the greater of (a) the Prime Rate or, (b) the Federal Funds Rate plus 1/2%. Any change in the Base Rate due to a change in the Prime Rate, shall be effective from and including the effective date of such change in the Prime Rate.

Automatic Default has the meaning set forth in Section 11.

Automatic Default shall have the meaning set out in Article 7.2.