Common use of Effectiveness of Increase Clause in Contracts

Effectiveness of Increase. Administrative Agent and Prologis shall determine the effective date (the “Increase Effective Date”) of each increase in the Aggregate Tranche Commitments under this Section 6.14. Notwithstanding anything herein to the contrary, 16257277_9 Administrative Agent, Prologis and the applicable Subsequent Lenders and/or Increasing Lenders may agree upon procedures for phasing in any increase to minimize breakage costs or for reasons of convenience. After an Increase Effective Date, Administrative Agent shall promptly provide to each Lender and to Prologis a revised Schedule 2.1.

Appears in 1 contract

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

Effectiveness of Increase. Administrative Agent and Prologis shall determine the effective date (the “Increase Effective Date”) of each increase in the Aggregate Tranche Commitments under this Section 6.143.12. Notwithstanding anything herein to the contrary, 16257277_9 Administrative Agent, Prologis and the applicable Subsequent Lenders and/or Increasing Lenders may agree upon procedures for phasing in any increase to minimize breakage costs or for reasons of convenience. After an Increase Effective Date, Administrative Agent shall promptly provide to each Lender and to Prologis a revised Schedule 2.1.

Appears in 1 contract

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

Effectiveness of Increase. Administrative Agent and Prologis shall determine the effective date (the “Increase Effective Date”) of each increase in the Aggregate Tranche Commitments under this Section 6.14. Notwithstanding anything herein to the contrary, 16257277_9 Administrative Agent, Prologis and the applicable Subsequent Lenders and/or Increasing Lenders may agree upon procedures for phasing in any increase to minimize breakage costs or for reasons of convenience. After an Increase Effective Date, Administrative Agent shall promptly provide to each Lender and to Prologis a revised Schedule 2.1.

Appears in 1 contract

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