Common use of Prior Operating Statements Clause in Contracts

Prior Operating Statements. Each of the consolidating operating statements pertaining to the Portfolio Properties delivered to Agent since January 1, 2001 was prepared in accordance with GAAP in effect on the date such operating statement of each Portfolio Property was prepared and fairly presents the results of operations of such Portfolio Property for the period then ended.

Appears in 2 contracts

Sources: Credit Agreement (CPG Partners Lp), Credit Agreement (Chelsea Property Group Inc)

Prior Operating Statements. Each of the consolidating operating statements pertaining to the Portfolio Properties delivered to Agent since January 1, 2001 2002 was prepared in accordance with GAAP in effect on the date such operating statement of each Portfolio Property was prepared and fairly presents the results of operations of such Portfolio Property for the period then ended.

Appears in 1 contract

Sources: Term Loan Agreement (Chelsea Property Group Inc)