Common use of Certain Continuations and Conversions Clause in Contracts

Certain Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the existence of a Default, the Euro Required Lenders may at their option, by notice to the Euro Borrowers (which notice may be revoked at the option of Euro Required Lenders notwithstanding any provision of Section 14.1) declare that no Euro Loans may be requested or continued as Eurocurrency Rate Loans, other than as Eurocurrency Rate Loan with an Interest Period of one month.

Appears in 2 contracts

Samples: Global Senior Credit Agreement (Prologis, L.P.), Global Senior Credit Agreement (Prologis)

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Certain Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the existence of a Default, the Euro Required Lenders may at their option, by notice to the Euro Borrowers (which notice may be revoked at the option of Euro Required Lenders notwithstanding any provision of Section 14.115.1) declare that no Euro Loans may be requested or continued as Eurocurrency Rate Loans, other than as Eurocurrency Rate Loan with an Interest Period of one (1) month.

Appears in 1 contract

Samples: Global Senior Credit Agreement (Prologis)

Certain Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the existence of a Default, the Euro Required Lenders may may, at their option, by notice to the Euro Borrowers Prologis (which notice may be revoked at the option of Euro Required Lenders notwithstanding any provision of Section 14.1) 11.1), declare that (a) no Euro Loans denominated in Dollars or Yen may be requested as, converted to or continued as Eurocurrency Rate Loans and (b) no Loans denominated any other currency may be requested or continued as Eurocurrency Rate Loans, other than as Eurocurrency Rate Loan Loans with an Interest Period of more than one month.

Appears in 1 contract

Samples: Senior Term Loan Agreement (Prologis, L.P.)

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Certain Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the existence of a Default, the Euro Required Lenders may at their option, by notice to the Euro Borrowers (which notice may be revoked at the option of Euro Required Lenders notwithstanding any provision of Section 14.116.1) declare that no Euro Loans may be requested or continued as Eurocurrency Rate Loans, other than as Eurocurrency Rate Loan with an Interest Period of one (1) month.

Appears in 1 contract

Samples: Global Senior Credit Agreement (Prologis)

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