Common use of Restatement; Allocation of Loans and Pro Rata Shares on the Effective Date Clause in Contracts

Restatement; Allocation of Loans and Pro Rata Shares on the Effective Date. (a) The parties hereto agree that, concurrently with the effectiveness hereof on the Effective Date, (i) this Agreement shall amend and restate in its entirety the Existing Revolving Credit Agreement and (ii) the outstanding Loans thereunder (and the participations in Letters of Credit thereunder) shall be allocated among the Lenders in accordance with their respective Pro Rata Shares after giving effect hereto.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Prologis, L.P.), Revolving Credit Agreement (Prologis, L.P.), Revolving Credit Agreement (Prologis, L.P.)

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Restatement; Allocation of Loans and Pro Rata Shares on the Effective Date. (a) The parties hereto agree that, concurrently with the effectiveness hereof on the Effective Date, (i) this Agreement shall amend and restate in its entirety the Existing Revolving Credit Agreement and (ii) the outstanding Loans thereunder (and the participations in Letters of Credit thereunder) shall be allocated among the Lenders Banks in accordance with their respective Pro Rata Shares after giving effect hereto.

Appears in 2 contracts

Samples: Joinder Agreement (Prologis, L.P.), Revolving Credit Agreement (Prologis, L.P.)

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