Common use of Property Funds Clause in Contracts

Property Funds. Notwithstanding the foregoing, in the event of a change in GAAP resulting in Property Funds being treated as Consolidated Subsidiaries under GAAP, such Property Funds shall continue to be considered Unconsolidated Affiliates.

Appears in 13 contracts

Sources: Global Senior Credit Agreement (Prologis, L.P.), Global Senior Credit Agreement (Prologis, L.P.), Global Senior Credit Agreement (Prologis, L.P.)

Property Funds. Notwithstanding the foregoing, in the event of a change in GAAP resulting in Property Funds being treated as a Consolidated Subsidiaries Subsidiary under GAAP, then such Property Funds shall continue to be considered Unconsolidated Affiliates.

Appears in 1 contract

Sources: Global Senior Credit Agreement (Prologis)