Examples of Euro Loans in a sentence
Upon receipt of such notice, Prologis may revoke any pending request for a Euro Committed Borrowing or continuation in the affected currency, or, failing that, will be deemed to have converted such request into a request for a Euro Committed Borrowing of Substitute Rate Loans denominated in Euro, and any Euro Committed Loans that are not denominated in Euro and are affected by this provision shall be converted to Euro in the Euro Equivalent amount of such Euro Loans at such time.
All proceeds of the Term B Dollar Loans and the Term B Euro Loans incurred on the Initial Borrowing Date shall be used (x) with respect to the Term B Dollar Loans, to finance, in part the Transactions with respect to the Term B Euro Loans, to pay principal, premium and interest on the Second Lien Euro Notes, and (y) to pay fees and expenses in connection with the Transactions.
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.
Tranche B Euro Loans shall be made as Eurocurrency Rate Loans and shall not be available as Base Rate Loans.
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.
Each provision of this Agreement is subject to the provisions set forth in Schedule 1.05 to the extent any such provision relates to Tranche B Euro Loans, the London Agent or the Lenders providing the Tranche B Euro Loans.
Schedule 1.05 sets forth additional terms of this Agreement applicable to Tranche B Euro Loans, which terms are hereby incorporated into this Agreement in their entirety.
During the existence of an Event of Default, the Euro Required Lenders may at their option, by notice to the Euro Borrowers (which notice may be revoked at the option of Euro Required Lenders notwithstanding any provision of Section 14.1) declare that no Euro Loans may be requested or continued as Eurocurrency Rate Committed Loans or Term SOFR Rate Loans, other than as Eurocurrency Rate Committed Loans or Term SOFR Rate Loans, as applicable, with an Interest Period of one month.
Term B-1 Euro Loans made as described in this Section 2.01(b)(iv) shall be Eurocurrency Rate Loans, as further provided herein.
Each prepayment of principal of, and interest on, Euro Loans shall be made in Euro (even if the Borrowers are required to convert currency to do so).