Common use of Extension Procedures Clause in Contracts

Extension Procedures. Each extension of the Maturity Date contemplated by Section 2.18.1 shall become effective on the date (an “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Administrative Agent shall have received the written notice referred to in Section 2.18.1 and (b) Prologis shall have paid to Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.125% times such Lender’s Commitment, and Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a proposed extension, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 2.18.2 and the occurrence of an Extension Effective Date, Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and such Extension Effective Date.

Extension Procedures. Each The extension of the Maturity Date contemplated by Section 2.18.1 3.10.1 shall become effective on the date (an the “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Administrative Agent shall have received the written notice referred to in Section 2.18.1 3.10.1 and (b) Prologis shall have paid to Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.1250.10% times the then-outstanding principal amount of such Lender’s CommitmentLoan, and Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a proposed extensionsatisfied, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable initial Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 2.18.2 3.10.2 and the occurrence of an the Extension Effective Date, Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and such the Extension Effective Date.

Extension Procedures. Each The extension of the Maturity Date contemplated by Section 2.18.1 3.10.1 shall become effective on the date (an the “Extension Effective Date”) on which the following conditions precedent have been satisfied: (ai) Administrative Agent shall have received the written notice referred to in Section 2.18.1 3.10.1 and (bii) Prologis Borrower shall have paid to Administrative Agent, for the benefit of each LenderLender in accordance with its Percentage, an extension fee in an amount equal to 0.1250.375% times the sum of (x) the Total Outstandings as of such Lender’s Commitment, date and Administrative Agent shall promptly remit (y) the Aggregate Commitments as of such extension fee to each Lender upon receipt thereofdate; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a proposed extensionsatisfied, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable Maturity Date October 21, 2011 on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 2.18.2 3.10.2 and the occurrence of an the Extension Effective Date, Administrative Agent shall promptly confirm to Prologis Borrower and the Lenders such extension and such the Extension Effective Date.

Extension Procedures. Each The extension of the Maturity Date contemplated by Section 2.18.1 shall become effective on the date (an “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Administrative Agent shall have received the written notice referred to in Section 2.18.1 and (b) Prologis shall have paid to Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.125% times such LenderLxxxxx’s Commitment, and Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a proposed extension, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 2.18.2 and the occurrence of an Extension Effective Date, Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and such Extension Effective Date.

Extension Procedures. Each Any extension of the Maturity Date contemplated by Section 2.18.1 3.10.1 shall become effective on the date (an the “Extension Effective Date”) on which the following conditions precedent have been satisfied: (a) Administrative Agent shall have received the written notice referred to in Section 2.18.1 3.10.1 and (b) Prologis shall have paid to Administrative Agent, for the benefit of each Lender, an extension fee in an amount equal to 0.125% the applicable Extension Percentage (as defined below) times such Lender’s Commitment, and Administrative Agent shall promptly remit such extension fee to each Lender upon receipt thereof; provided that if an Event of Default has occurred and is continuing on the date on which such conditions are satisfied with respect to a proposed extensionsatisfied, the Extension Effective Date for such extension shall be the first date thereafter, if any, on or before the then-applicable current Maturity Date on which no Event of Default is continuing. Upon the satisfaction of the conditions precedent set forth in this Section 2.18.2 3.10.2 and the occurrence of an the Extension Effective Date, Administrative Agent shall promptly confirm to Prologis and the Lenders such extension and such the Extension Effective Date. The extension fee described above shall be payable in Euros. For purposes of the foregoing, “Extension Percentage” means 0.10% in the case of an extension to February 2, 2015, 0.125% in the case of an extension to February 2, 2016 and 0.15% in the case of an extension to February 2, 2017.