Euros definition
Examples of Euros in a sentence
The extension fee described above shall be payable in (i) Dollars with respect to U.S. Commitments, (ii) Dollars or, at Prologis’ option, Euros with respect to Euro Commitments, and (iii) Dollars or, at Prologis’ option, the applicable Primary Currency with respect to any Supplemental Commitments.
Prologis may from time to time request that Credit Extensions be made in a currency other than those specifically listed in the 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).
Once converted to Euros pursuant to the foregoing sentence, such Euro Committed Loans shall be denominated in Euro for all purposes of this Agreement.
In the case of a Credit Extension to be denominated in an Alternative Currency of the applicable Tranche, such relevant currency shall be readily available and freely transferable and convertible to (a) for the U.S. Tranche, Dollars, (b) for the Euro Tranche, Euros, and (c) for each Supplemental Tranche, the currency set forth in the applicable Supplemental Addendum as the primary currency.
EBITDA calculations will be based on Danish Kroner, however, payments of Net Variable Compensation shall be made in Euros at a conversion rate corresponding to the average exchange rate for Danish Kroner and Euros for the applicable fiscal year.