Common use of Limitation upon Participant Rights Clause in Contracts

Limitation upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 9.1 or 9.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with ProLogis’ prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 9.1 unless ProLogis is notified of the participation sold to such Participant and such Participant agrees, for the benefit of Borrowers, to comply with Section 9.1.6 as though it were a Lender.

Appears in 2 contracts

Samples: Global Senior Credit Agreement (Prologis), Global Senior Credit Agreement (Prologis)

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Limitation upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 9.1 7.1 or 9.4 7.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with ProLogisPrologis’ prior written consent. A 119 Prologis, L.P. Term Loan Agreement Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 9.1 7.1 unless ProLogis Prologis is notified of the participation sold to such Participant and such Participant agrees, for the benefit of Borrowers, to comply with Section 9.1.6 7.1.4 as though it were a Lender.

Appears in 1 contract

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

Limitation upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 9.1 4.1 or 9.4 4.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with ProLogisPrologis’ prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 9.1 4.1 unless ProLogis Prologis is notified of the participation sold to such Participant and such Participant agrees, for the benefit of BorrowersPrologis, to comply with Section 9.1.6 4.1.4 as though it were a Lender.

Appears in 1 contract

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

Limitation upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 9.1 4.1 or 9.4 4.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with ProLogisPrologis’ prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 9.1 4.1 unless ProLogis Prologis is notified of the participation sold to such Participant and such Participant agrees, for the benefit of Borrowers, to comply with Section 9.1.6 4.1.4 as though it were a Lender.

Appears in 1 contract

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

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Limitation upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 9.1 7.1 or 9.4 7.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with ProLogisPrologis’ prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 9.1 7.1 unless ProLogis Prologis is notified of the participation sold to such Participant and such Participant agrees, for the benefit of Borrowers, to comply with Section 9.1.6 7.1.4 as though it were a Lender.

Appears in 1 contract

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

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