Prepayments Due to Currency Fluctuations. U.S. Funding Agent shall calculate the Dollar Equivalent of the U.S. Total Outstandings (but only with respect to U.S. Loans denominated in an Alternative Currency) on each applicable Revaluation Date. If on the Revaluation Date that occurs on the first Business Day of each calendar month, on the last day of an Interest Period, or such other times as U.S. Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, the Dollar Equivalent of the U.S. Total Outstandings exceeds an amount equal to 105% of the U.S. Aggregate Commitments then in effect, then, within five Business Days after notice of such calculation from U.S. Funding Agent to Prologis, U.S. Borrowers shall prepay U.S. Loans and/or Cash Collateralize U.S. L/C Obligations in an aggregate amount sufficient to reduce the U.S. Total Outstandings as of such date of payment to an amount not exceeding 100% of the U.S. Aggregate Commitments then in effect; provided that solely for purposes of measuring compliance with this Section 2.6.3, the amount of Cash Collateral delivered to U.S. Funding Agent under this Section 2.6.3 shall be deemed to have reduced the U.S. Total Outstandings. Subject to Section 2.2.4, each such prepayment shall be applied to the U.S. Committed Loans of U.S. Lenders in accordance with their respective Applicable Tranche Percentages.
Prepayments Due to Currency Fluctuations. Euro Funding Agent shall calculate the Euro Equivalent of the Euro Total Outstandings (but only with respect to Euro Loans denominated in an Alternative Currency) on each Revaluation Date. If on the Revaluation Date that occurs on the first Business Day of each calendar month, on the last day of an Interest Period or such other times as Euro Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, the Euro Equivalent of the Euro Total Outstandings exceeds an amount equal to 105% of the Euro Aggregate Commitments then in effect, then, within five Business Days after notice of such calculation from Euro Funding Agent to Prologis, Euro Borrowers shall prepay the Euro Loans and/or Cash Collateralize the Euro L/C Obligations in an aggregate amount sufficient to reduce the Euro Equivalent of such Euro Total Outstandings as of such date of payment to an amount not to exceed 100% of the Euro Aggregate Commitments then in effect, provided that solely for purposes of measuring compliance with this Section 3.6.3, the amount of Cash Collateral delivered to Euro Funding Agent under this Section 3.6.3 shall be deemed to have reduced the Euro Total Outstandings. Subject to Section 3.2.4, each such prepayment shall be applied to the Euro Committed Loans of Euro Lenders in accordance with their respective Applicable Tranche Percentages.
Prepayments Due to Currency Fluctuations. Yen Funding Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date (but only with respect to Eurocurrency Rate Loans denominated in an Alternative Currency). If on the Revaluation Date that occurs on the first Business Day of each calendar month, or such other times as Yen Funding Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, Yen Equivalent of the Yen Total Outstandings exceeds an amount equal to 105% of the Yen Aggregate Commitments then in effect, then, within four Business Days after notice of such calculation from Yen Funding Agent to Prologis, Yen Borrowers shall prepay the Yen Committed Loans and/or Cash Collateralize the Yen L/C Obligations in an aggregate amount sufficient to reduce the Yen Equivalent of such Yen Total Outstandings as of such date of payment to an amount not to exceed 100% of the Yen Aggregate Commitments then in effect, provided that solely for purposes of measuring compliance with this Section 4.5.2, the amount of Cash Collateral delivered to Yen Funding Agent under this Section 4.5.2 shall be deemed to have reduced the Yen Total Outstandings. Subject to Section 4.2.4, each such prepayment shall be applied to the Yen Committed Loans of Yen Lenders in accordance with their respective Applicable Tranche Percentages.
Prepayments Due to Currency Fluctuations. The Administrative Agent shall calculate the Dollar Equivalent of the Tranche 1 Revolving Credit Exposure and the Tranche 2 Revolving Credit Exposure (but only with respect to Revolving Loans of such Class denominated in a Foreign Currency) on each applicable Revaluation Date. If on the Revaluation Date that occurs on the last day of an Interest Period, or such other times as the Administrative Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, the Dollar Equivalent of such Class of Revolving Credit Exposure exceeds an amount equal to 105% of the Revolving Commitments of such Class then in effect, then, within 5 Business Days after notice of such calculation from the Administrative Agent to the Borrower, the Borrower shall prepay the Foreign Currency Rate Loans of such Class in an aggregate amount sufficient to reduce the Tranche 1 Revolving Credit Exposure or Tranche 2 Revolving Credit Exposure, as applicable, of Foreign Currency Rate Loans of such Class as of such date of payment to an amount not exceeding 100% of the Revolving Commitments of such Class of Foreign Currency Rate Loans then in effect.
Prepayments Due to Currency Fluctuations. Administrative Agent shall calculate the Euro Equivalent of the Euro Total Outstandings on each applicable Revaluation Date. If on the Revaluation Date that occurs on the first Business Day of each calendar month, or such other times as Administrative Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, the Euro Equivalent of the Euro Total Outstandings exceeds an amount equal to 105% of the Euro Aggregate Commitments then in effect, then, within three Business Days after notice of such calculation from Administrative Agent to Prologis, Euro Borrowers shall prepay the Euro Loans in an aggregate amount sufficient to reduce the Euro Equivalent of such Euro Total Outstandings as of such date of payment to an amount not exceeding 100% of the Euro Aggregate Commitments then in effect. Subject to Section 2.2.4, each such prepayment shall be applied to the Euro Loans of Euro Lenders in accordance with their respective Applicable Tranche Percentages.
Prepayments Due to Currency Fluctuations. Administrative Agent shall calculate the Dollar Equivalent of the U.S. Total Outstandings on each applicable Revaluation Date. If on the Revaluation Date that occurs on the first Business Day of each calendar month, or such other times as Administrative Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, the Dollar Equivalent of the U.S. Total Outstandings exceeds an amount equal to 105% of the U.S. Aggregate Commitments then in effect, then, within five Business Days after notice of such calculation from Administrative 16257277_9 Agent to Prologis, U.S. Borrowers shall prepay U.S. Loans in an aggregate amount sufficient to reduce the Dollar Equivalent of the U.S. Total Outstandings as of such date of payment to an amount not exceeding 100% of the U.S. Aggregate Commitments then in effect. Subject to Section 3.2.4, each such prepayment shall be applied to the U.S. Loans of U.S. Lenders in accordance with their respective Applicable Tranche Percentages.
Prepayments Due to Currency Fluctuations. Administrative Agent shall calculate the Yen Equivalent of the Yen Total Outstandings on each Revaluation Date. If on the Revaluation Date that occurs on the first Business Day of each calendar month, or such other times as Administrative Agent may determine in its reasonable discretion, such calculation reflects that, as of such Revaluation Date, the Yen Equivalent of the Yen Total Outstandings exceeds an amount equal to 105% of the Yen Aggregate Commitments then in effect, then, within three Business Days after notice of such calculation from Administrative Agent to Prologis, Yen Borrowers shall prepay the Yen Loans in an aggregate amount sufficient to reduce the Yen Equivalent of such Yen Total Outstandings as of such date of payment to an amount not to exceed 100% of the Yen Aggregate Commitments then in effect. Subject to Section 4.2.4, each such prepayment shall be applied to the Yen Loans of Yen Lenders in accordance with their respective Applicable Tranche Percentages.
Prepayments Due to Currency Fluctuations. The Administrative Agent shall calculate the Dollar Equivalent of the Total Utilization of Revolving Loan Commitments on each Recalculation Date. If such calculation reflects that, as of such Recalculation Date, the Dollar Equivalent of the Total Utilization of Revolving Loan Commitments exceeds an amount equal to one hundred and two percent (102%) of the Revolving Loan Commitment Amount then in effect, then, within two Business Days after notice of such calculation from the Administrative Agent to the Borrower, the Borrower shall prepay Swing Line Loans or Revolving Loans and/or cash collateralize outstanding Letters of Credit in an aggregate amount sufficient to reduce the Total Utilization of Revolving Loan Commitments as of such date of payment to an amount not exceeding one hundred percent (100%) of the Revolving Loan Commitment Amount then in effect; provided, that solely for purposes of measuring compliance with this Section 2.4B(iii)(j), the amount of cash collateral delivered to the Collateral Agent pursuant hereto shall be deemed to have reduced the Revolving Loan Commitment Amount. Each such prepayment shall be applied to the Revolving Loans of Revolving Lenders in accordance with their respective Pro Rata Shares.
Prepayments Due to Currency Fluctuations. (1) If on any Computation Date Administrative Agent shall have determined that the Total Utilization of Tranche B Revolving Loan Commitments exceeds the Maximum Tranche B Revolving Loan Commitments (whether for a particular Borrower or all Borrowers) because of a change in applicable rates of exchange between Dollars and Offshore Currencies, then Administrative Agent shall give notice to the applicable Borrower(s) that a prepayment is required under this subsection 2.4B(iii)(j)(1), and (I) in the case of Company, Company shall promptly (x) prepay first its Swing Line Loans and second its Tranche B Revolving Loans and/or (y) cash collateralize its outstanding Tranche B Letters of Credit, and (II) in the case of a Borrower other than Company, such Borrower shall promptly (x) prepay its Tranche B Revolving Loans and/or (y) cash collateralize its outstanding Tranche B Letters of Credit, in each case to the extent necessary so that the Total Utilization of Tranche B Revolving Loan Commitments shall not exceed the Maximum Tranche B Revolving Loan Commitments (whether for such Borrower or all Borrowers) then in effect.
Prepayments Due to Currency Fluctuations. If on any Calculation Date in respect of an Alternative Currency Loan which exceeds the applicable Commitment due to currency fluctuations by more than 5% of the Revolving Loan Commitments, Administrative Agent shall give notice thereof to Company and Borrowers shall on the date falling two Business Days thereafter prepay such Revolving Loans to the extent necessary so that after giving effect to such prepayment, the aggregate exposure for such Loans shall not exceed the Revolving Loan Commitment therefor; provided, however, that, to avoid imposition of any costs pursuant to subsection 2.6D, in lieu of prepaying the Loans on such second Business Day after receipt of notice, Company may elect not to prepay the Loans by (i) so notifying Administrative Agent in writing of such election and (ii) paying such excess to Administrative Agent to be held as Cash collateral for the Obligations and applied in accordance with subsection 2.4B(iv) to such prepayment on the first Interest Payment Date thereafter with respect to the Revolving Loans to be repaid.
