Example ContractsClausesAlternative Currencies
Alternative Currencies
Alternative Currencies contract clause examples

Alternative Currencies. If Agent notifies the Borrower at any time that the Outstanding Amount of all L/C Obligations denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Letter of Credit Sublimit then in effect, then, within 2 Business Days after receipt of such notice, the Borrower shall Cash

Alternative Currencies. In the case of a Credit Extension to be denominated in an Alternative Currency, there will not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent, the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit Extension to be denominated in the relevant Alternative Currency. (bbbbb) Other Matters. Administrative Agent will have received, in form and substance satisfactory to it, such other assurances, documents or consents related to the foregoing as Administrative Agent or Required Lenders may require in their Reasonable Discretion. Each Request for Credit Extension submitted by the Borrowers will be deemed to be a representation and warranty that the conditions specified in Section 4.02(a) and Section 4.02(b) have been satisfied on and as of the date of the making of the applicable Credit Extension or the honoring of the applicable Request for Credit Extension. ARTICLE V REPRESENTATIONS AND WARRANTIES As of the Closing Date each Borrower on behalf of and as to itself and each of its Subsidiaries hereby represents and warrants to Administrative Agent and each Lending Party as follows, and will be deemed to have been brought down and apply anew (other than representations and warranties made as of a specific date, which will be deemed to have been made as of such specified date) to the making or issuance of each Credit Extension hereunder and as of the date of the delivery of any Compliance Certificate. SECTION 5.01. CORPORATE EXISTENCE AND POWER. Each Borrower and each Subsidiary thereof (a)(i) in the case of any Loan Party or Significant Subsidiary, is a corporation, partnership or limited liability company duly organized, validly existing and in good standing (except in jurisdictions that do not recognize good standing) under the laws of the jurisdiction of its incorporation, organization or formation, and (ii) in the case of any Subsidiary that is not a Loan Party or a Significant Subsidiary, is a corporation, partnership or limited liability company duly organized, validly existing and in good standing (except in jurisdictions that do not recognize good standing) under the laws of the jurisdiction of its incorporation, organization or formation, except as could reasonably be expected to cause a Material Adverse Change; (b) has the power and authority and all governmental licenses, authorizations, consents and approvals (i)(A) in the case of any Loan Party or a Significant Subsidiary, to own its assets and carry on its business substantially as currently conducted by it and such business as contemplated to be conducted by it upon and following the consummation of the transactions contemplated by the Loan Documents, and (B) in the case of any Subsidiary that is not a Loan Party or a Significant Subsidiary, to own its assets and carry on its business substantially as currently conducted by it and such business as contemplated to be conducted by it upon and following the consummation of the transactions contemplated by the Loan Documents, except as could reasonably be expected to cause a Material Adverse Change and (ii) to execute, deliver, and perform its obligations under the Loan Documents to which each is a party; and (c) is duly qualified as a foreign corporation, partnership or limited liability company, as applicable, and is licensed and in good standing (except in jurisdictions that do not recognize good standing) under the laws of each jurisdiction where its ownership, leasing or operation of property or the conduct of its business requires such qualification or license, except to the extent that the failure to do so could not reasonably be expected to cause a Material Adverse Change.

Alternative Currencies” means, collectively, all Agreed Currencies other than Dollars.

Alternative Currencies” means each of, and collectively, Pounds Sterling, Euros, Canadian Dollars, New Zealand Dollars, Australian Dollars, and any other currency approved by the Administrative Agent after the Effective Date from time to time; provided that each such currency is a lawful currency that is readily available, freely transferable and not restricted, able to be converted into dollars and available in the London interbank deposit market.

Alternative Currencies” means each of, and collectively, Pounds Sterling, Euros, Canadian Dollars, New Zealand Dollars, Australian Dollars, and any other currency approved by the Administrative Agent after the Effective Date from time to time; provided that each such currency is a lawful currency that is readily available, freely transferable and not restricted, able to be converted into dollars and available in the London interbank deposit market.

Alternative Currencies” means (a) for the U.S. Tranche, each of Euro, Sterling and Yen, (b) for the Euro Tranche, each of Dollars, Sterling and Yen, (c) for the Yen Tranche, each of Dollars, Euro and Sterling, and (d) for the Sterling Tranche, each of Dollars, Euro and Yen.

Alternative Currencies” means (a) in the case of Multicurrency Tranche Revolving Loans, Euros, Sterling and any currency (other than Dollars) agreed to by the Administrative Agent, the Borrower and each Multicurrency Tranche Revolving Lender in writing at the request of the Borrower as described in Section 1.10, (b) in the case of any Multicurrency Tranche Letter of Credit, Euros, Sterling and any currency (other than Dollars) agreed to by the Borrower, the Administrative Agent and the applicable Multicurrency Tranche Issuing Bank in writing at the request of the Borrower as described in Section 1.10 and (c) in the case of any Additional Revolving Commitments, any currency agreed to by the Borrower and the Lenders providing such Additional Revolving Commitments; provided that in the case of immediately preceding clause (c), such Alternative Currency shall only be permitted to the extent it is administratively feasible for the Administrative Agent to provide agency services for products denominated in such Alternative Currency (as determined by the Administrative Agent in its sole discretion).

Additional Alternative Currencies.5561

Alternative Currencies” means (a) for the U.S. Tranche, each of Euro, Sterling, Yen, Peso, and Canadian Dollars, (b) for the Euro Tranche, each of Dollars, Sterling and Yen, (c) for the Yen Tranche, each of Dollars, Euro and Sterling, and (d) for each Supplemental Tranche, each alternative currency set forth in the Supplemental Addendum. Prologis may from time to time request that Eurocurrency Rate Loans be made in a currency other than those specifically listed in this definition of “Alternative Currency;” provided that such requested currency is a lawful currency (and in no event the currency of a Sanctioned Country) that is readily available and freely transferable and convertible into Dollars (in the case of the U.S. Tranche), Euros (in the case of the Euro Tranche) and Yen (in the case of the Yen Tranche). In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the approval of Global Administrative Agent, the applicable Funding Agent and the applicable Tranche Required Lenders.

Alternative Currencies” means (a) for the U.S. Tranche, each of Euro, Sterling, Yen, Peso and Canadian Dollars, (b) for the Euro Tranche, each of Dollars, Sterling and Yen, and (c) for each Supplemental Tranche, each alternative currency set forth in the Supplemental Addendum. Prologis may from time to time request that Credit Extensions be made in a currency other than those specifically listed in this definition of “Alternative Currency;” provided that such requested currency is a lawful currency (and in no event the currency of a Sanctioned Country) that is readily available and freely transferable and convertible into Dollars (in the case of the U.S. Tranche) and Euros (in the case of the Euro Tranche). In the case of any such request with respect to the making of any Credit Extensions, such request shall be subject to the approval of Global Administrative Agent, the applicable Funding Agent, the applicable L/C Issuer (but only to the extent Letters of Credit may be issued in such Alternative Currency), the applicable Swing Line Lender (but only to the extent Swing Line Loans may be made in such Alternative Currency), and the applicable Tranche Required Lenders.

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