Common use of Prepayments Due to Currency Fluctuations Clause in Contracts

Prepayments Due to Currency Fluctuations. Yen Funding Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date (but only with respect to Eurocurrency Rate Loans denominated in an Alternative Currency). If on the Revaluation Date that occurs on the first Business Day of each calendar month, or such other times as Yen Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, Yen Equivalent of the Yen Total Outstandings exceeds an amount equal to 105% of the Yen Aggregate Commitments then in effect, then, within four Business Days after notice of such calculation from Yen Funding Agent to Prologis, Yen Borrowers shall prepay the Yen Committed Loans and/or Cash Collateralize the Yen L/C Obligations in an aggregate amount sufficient to reduce the Yen Equivalent of such Yen Total Outstandings as of such date of payment to an amount not to exceed 100% of the Yen Aggregate Commitments then in effect, provided that solely for purposes of measuring compliance with this Section 4.5.2, the amount of Cash Collateral delivered to Yen Funding Agent under this Section 4.5.2 shall be deemed to have reduced the Yen Total Outstandings. Subject to Section 4.2.4, each such prepayment shall be applied to the Yen Committed Loans of Yen Lenders in accordance with their respective Applicable Tranche Percentages.

Prepayments Due to Currency Fluctuations. Yen Funding Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date (but only with respect to Eurocurrency Rate Loans denominated in an Alternative Currency). If on the Revaluation Date that occurs on the first (1st) Business Day of each calendar month, or such other times as Yen Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, Yen Equivalent of the Yen Total Outstandings exceeds an amount equal to one hundred and five percent (105% %) of the Yen Aggregate Commitments then in effect, then, within four two (2) Business Days after notice of such calculation from Yen Funding Agent to PrologisProLogis, Yen Borrowers shall prepay the Global Senior Credit Agreement 90 Yen Committed Loans and/or Yen Borrowers shall Cash Collateralize the Yen L/C Obligations in an aggregate amount sufficient to reduce the Yen Equivalent of such Yen Total Outstandings as of such date of payment to an amount not to exceed one hundred percent (100% %) of the Yen Aggregate Commitments then in effect, provided that solely for purposes of measuring compliance with this Section 4.5.25.5.2, the amount of Cash Collateral delivered to Yen Funding Collateral Agent under this Section 4.5.2 5.5.2 shall be deemed to have reduced the Yen Total Outstandings. Subject to Section 4.2.45.2.4, each such prepayment shall be applied to the Yen Committed Loans of Yen Lenders in accordance with their respective Applicable Tranche Percentages.

Prepayments Due to Currency Fluctuations. Yen Funding Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date (but only with respect to Eurocurrency Rate Loans denominated in an Alternative Currency)Date. If on the Revaluation Date that occurs on the first (1st) Business Day of each calendar month, or such other times as Yen Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, Yen Equivalent of the Yen Total Outstandings exceeds an amount equal to one hundred and five percent (105% %) of the Yen Aggregate Commitments then in effect, then, within four two (2) Business Days after notice of such calculation from Yen Funding Agent to PrologisProLogis, Yen Borrowers shall prepay the Yen Committed Loans and/or Yen Borrowers shall Cash Collateralize the Yen L/C Obligations in an aggregate amount sufficient to reduce the Yen Equivalent of such Yen Total Outstandings as of such date of payment to an amount not to exceed one hundred percent (100% %) of the Yen Aggregate Commitments then in effect, provided that solely for purposes of measuring compliance with this Section 4.5.25.5.2, the amount of Cash Collateral delivered to Yen Funding Collateral Agent under this Section 4.5.2 5.5.2 shall be deemed to have reduced the Yen Total Outstandings. Subject to Section 4.2.4, each such prepayment shall be applied to the Yen Committed Loans of Yen Lenders in accordance with their respective Applicable Tranche Percentages.

Prepayments Due to Currency Fluctuations. Yen Funding Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date (but only with respect to Eurocurrency Rate Loans denominated in an Alternative Currency). If on the Revaluation Date that occurs on the first Business Day of each calendar month, or such other times as Yen Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, Yen Equivalent of the Yen Total Outstandings exceeds an amount equal to 105% of the Yen Aggregate Commitments then in effect, then, within four three Business Days after notice of such calculation from Yen Funding Agent to Prologis, Yen Borrowers shall prepay the Yen Committed Loans and/or Cash Collateralize the Yen L/C Obligations in an aggregate amount sufficient to reduce the Yen Equivalent of such Yen Total Outstandings as of such date of payment to an amount not to exceed 100% of the Yen Aggregate Commitments then in effect, provided that solely for purposes of measuring compliance with this Section 4.5.2, the amount of Cash Collateral delivered to Yen Funding Agent under this Section 4.5.2 shall be deemed to have reduced the Yen Total Outstandings. Subject to Section 4.2.4, each such prepayment shall be applied to the Yen Committed Loans of Yen Lenders in accordance with their respective Applicable Tranche Percentages.. 77