Examples of Reallocation Effective Date in a sentence
Any such election shall be irrevocable when received by the Company, and the reallocation which the Participant or Beneficiary elects shall be effective as of the Reallocation Effective Date that immediately follows the end of the Reallocation Election Period in which his or her election becomes irrevocable.
After any Reallocation Effective Date and the receipt of a revised Schedule 2.1 (if requested by Global Administrative Agent) from each applicable Funding Agent, Global Administrative Agent shall promptly provide to each Lender in the affected Tranches and to Prologis a new Schedule 2.1 for the affected Tranches.
The Agents shall promptly notify the Borrower and the Lenders of any reallocation and the Reallocation Effective Date.
In addition, Global Administrative Agent, the applicable Funding Agents and Prologis shall determine the effective date (the “Reallocation Effective Date”) of such reallocation; provided that any Pre-Approved Reallocations shall be effective no more than ten Business Days after the relevant Reallocation Notice, and Global Administrative Agent shall promptly notify Prologis and the affected Funding Agents of the Reallocation Effective Date.
The Administrative Agent shall promptly notify the Borrowers and the Lenders of the Revolver Commitments, WC Interim Commitments and WC Commitments, as applicable, after giving effect to such requested reallocation and the Reallocation Effective Date, Schedule 2.01 hereto shall be automatically updated to reflect such reallocation on the Reallocation Effective Date and the Administrative Agent will provide a copy of such updated Schedule 2.01 to the Lenders.
The Revolving Borrowers shall prepay any Committed Primary Revolving Loans or Committed Singapore Revolving Loans, as applicable, outstanding on the Reallocation Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Committed Primary Revolving Loans and Committed Singapore Revolving Loans ratable with any revised Shares arising from any reallocation under this Section.
Any commitment fees accrued on the amount of the Singapore Revolving Commitments to be reallocated pursuant to clause (a)(i) or the Primary Revolving Commitments to be reallocated pursuant to clause (a)(ii) to the applicable Reallocation Effective Date shall, in each case, be paid on such Reallocation Effective Date.
In addition, Global Administrative Agent, the applicable Funding Agents, and ProLogis shall determine the effective date (the “Reallocation Effective Date”) of such reallocation, provided that any Pre-Approved Reallocations shall be effective no more than ten (10) Business Days after the relevant Reallocation Request, and Global Administrative Agent shall promptly notify ProLogis and the affected Funding Agents of the Reallocation Effective Date.
The Administrative Agent shall promptly notify the other Agents, the Company and the Revolving Lenders of the reallocated Commitments and the Reallocation Effective Date.
All facility fees and Letter of Credit fees accrued until the effective date of any redesignation of the Aggregate Tranche 1 Commitments shall be paid on the Reallocation Effective Date to the applicable Tranche 1 Lenders.