Reallocation Procedures Clause Samples

Reallocation Procedures. Prologis may, from time to time during the Availability Period, by written notice to Global Administrative Agent and the Funding Agent for each affected Tranche (a “Reallocation Notice”), increase the Aggregate Tranche Commitment under one Available Tranche with a corresponding reduction of the Aggregate Tranche Commitment under a different Available Tranche by (a) utilizing the Pre-Approved Reallocations of certain Lenders (each a “Pre-Approved Lender”) or (b) with the consent of Global Administrative Agent, each applicable Funding Agent and each applicable Fronting Agent, L/C Issuer and Swing Line Lender, reallocating the Commitment of any Lender (each an “Allocating Lender”), subject to the following conditions: (A) at the time of such Reallocation Notice, Prologis specifies which Available Tranche shall be increased and which Available Tranche shall be decreased, and whether any Pre-Approved Reallocation shall be utilized in such reallocation; (B) the amount of the increase in an Available Tranche shall be equal to the Foreign Currency Equivalent amount of the corresponding decrease in the other Available Tranche; (C) each Allocating Lender and Pre-Approved Lender satisfies the requirements of an Eligible Qualified Institution under the Available Tranche in which the Aggregate Tranche Commitment is being increased; (D) each Allocating Lender acknowledges in writing to Global Administrative Agent and Prologis that it has agreed that its Commitment will be reallocated hereunder (which acknowledgment shall be made in such ▇▇▇▇▇▇’s sole discretion); provided that a Pre-Approved Reallocation shall be effective without any further acceptances under this Section 6.12 by a Lender that has agreed to a Pre-Approved Reallocation; (E) Prologis may make a maximum of one request per calendar quarter; (F) no reduction in any Aggregate Tranche Commitment shall be permitted if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Tranche Outstandings under such Tranche would exceed the Aggregate Tranche Commitment under such Tranche; (G) the amount of the increase or decrease in each applicable Aggregate Tranche Commitment shall not be less than a Dollar Equivalent amount of $5,000,000; (H) no Default exists; and (I) unless otherwise agreed among the applicable Funding Agent, the affected Lender and the applicable Borrowers (which agreement may include a phase-in of the applicable increase and/or Interest Periods with any agreed-upon lengt...

Reallocation Procedures. If the maturity date in respect of any Class of Revolving Commitments occurs prior to the expiration of any Letter of Credit, then (i) if one or more other tranches of Revolving Commitments in respect of which the maturity date shall not have occurred are then in effect, such Letters of Credit shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Lenders to purchase participations therein and to make payments in respect thereof), and ratably participated in by Lenders pursuant to the Revolving Commitments in respect of such non-terminating tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrower shall cash collateralize any such Letter of Credit in a manner reasonably satisfactory to the Administrative Agent.

Reallocation Procedures. The Operator must develop and publish procedures (Reallocation Procedures) on its website, to enable Market Participants to create and record Reallocation Requests and describe the process for effecting Reallocations under this agreement.

Reallocation Procedures. 1. 11A Reallocation at the request of the Borrower The Borrower may, by request in writing to the Bank, which shall include reasons thereof, and not be received later than the date falling six (6) months before the Final Availability Date, propose to reallocate until any part of the Loan, which, in accordance with the procedures described in Article 1.10, has been allocated to, but not spent on a Sub-project. The Borrower shall specify reallocations to the Bank as part of its regular reporting. The Bank may, in its discretion, accept the Borrower’s proposal for reallocation and reallocate any portion of the Loan in accordance with the provisions of Article 1.10. 1. 11B Reallocation at the request of the Bank The Borrower shall propose to reallocate any part of the Loan which has been allocated, in accordance with the procedures described in Article 1.10, in relation to a Sub-project, if such Sub-project, in the reasonable opinion of the Bank, becomes ineligible for financing by the Bank under the Bank’s Statute, policies or guidelines or under Article 309 of the Treaty on the Functioning of the European Union.

Reallocation Procedures. Global Administrative Agent may, from time to time during the Extended Availability Period at the written request of ProLogis (which request shall also be sent to each Funding Agent of an affected Tranche) (a “Reallocation Request”), increase the Aggregate Tranche Commitment under one Available Tranche with a corresponding reduction of the Aggregate Tranche Commitment under a different Available Tranche by (a) utilizing the Pre-Approved Reallocations of certain Lenders (each a “Pre-Approved Lender”), if the allocation occurs prior to the Initial Maturity Date, or