Common use of Refinancing of the Euro Fronting Loans Clause in Contracts

Refinancing of the Euro Fronting Loans. (a) (i) On the Trigger Date, Euro Funding Agent shall notify each Euro Non-Qualified Lender of its obligation to fund its participation in each applicable Euro Fronting Loan. Each applicable Euro Non-Qualified Lender shall make the amount of its participation in each applicable Euro Fronting Loan specified in such notice available to Euro Funding Agent in Same Day Funds for the account of the applicable Fronting Lender at Euro Funding Agent’s Office for payments in the same currency as the applicable Euro Fronting Loan not later than 10:00 a.m., Brussels time, on the Business Day specified in such notice.

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Refinancing of the Euro Fronting Loans. (a) (i) On the Trigger Date, Euro Funding Administrative Agent shall notify each Euro Non-Qualified Lender of its obligation to fund its participation in each applicable Euro Fronting Loan. Each applicable Euro Non-Qualified Lender shall make the amount of its participation in each applicable Euro Fronting Loan specified in such notice available to Euro Funding Administrative Agent in Same Day Funds for the account of the applicable Fronting Lender at Euro Funding Administrative Agent’s Office for payments in the same currency as the applicable Euro Fronting Loan not later than 10:00 a.m., Brussels time, 11:00 a.m. on the Business Day specified in such notice.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Refinancing of the Euro Fronting Loans. (a) (i) On the Trigger Date, Euro Funding Agent shall notify each Euro Non-Qualified Lender of its obligation to fund its participation in each applicable Euro Fronting Loan. Each applicable Euro Non-Qualified Lender shall make the amount of its participation in each applicable Euro Fronting Loan specified in such notice available to Euro Funding Agent in Same Day Funds for the account of the applicable Fronting Lender at Euro Funding Agent’s Office for payments in the same currency as the applicable Euro Fronting Loan not later than 10:00 11:00 a.m., Brussels time, on the Business Day specified in such notice.

Appears in 1 contract

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

Time is Money Join Law Insider Premium to draft better contracts faster.