Common use of Increase Procedures Clause in Contracts

Increase Procedures. From time to time after the Closing Date to the Maturity Date, Prologis may, by written request (an “Increase Request”) to Global Administrative Agent and the Funding Agents for each affected Tranche, increase any Aggregate Tranche Commitment by (a) admitting additional Lenders hereunder (each a “Subsequent Lender”) or (b) increasing the Commitment of any existing Lender (each an “Increasing Lender”), subject to the following conditions:

Appears in 4 contracts

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

AutoNDA by SimpleDocs

Increase Procedures. From time to time after the Closing Date to the Maturity Date, Prologis may, on two occasions, by written request (an “Increase Request”) to Global Administrative Agent and the Funding Agents for each affected TrancheAgent, increase any the amount of the Aggregate Tranche Commitment Commitments by (a) admitting additional Lenders hereunder (each a “Subsequent Lender”) or (b) increasing the Commitment of any existing Lender (each an “Increasing Lender”), subject to the following conditions:

Appears in 1 contract

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

Increase Procedures. From time to time after the Closing Date to the Maturity Date, Prologis may, on three occasions, by written request (an “Increase Request”) to Global Administrative Agent and the Funding Agents for each affected TrancheAgent, increase any the amount of the Aggregate Tranche Commitment Commitments by (a) admitting additional Lenders hereunder (each a “Subsequent Lender”) or (b) increasing the Commitment of any existing Lender in such Lender’s sole discretion (each an “Increasing Lender”), subject to the following conditions:

Appears in 1 contract

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

AutoNDA by SimpleDocs

Increase Procedures. From time to time after the Closing Date to the Maturity Date, Prologis may, on three occasions, by written request (an “Increase Request”) to Global Administrative Agent and the Funding Agents for each affected TrancheAgent, increase any the amount of the Aggregate Tranche Commitment Commitments by (a) admitting additional Lenders hereunder (each a “Subsequent Lender”) or (b) increasing the Commitment of any existing Lender (each an “Increasing Lender”), subject to the following conditions:

Appears in 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!