Common use of Consolidation of Variable Interest Entities Clause in Contracts

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Holdings and its Subsidiaries or to the determination of any amount for the Company Holdings and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Holdings is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Borrower and its Subsidiaries or to the determination of any amount for the Company Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – — Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Borrower and its Subsidiaries or to the determination of any amount for the Company Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – - Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – - Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Borrower and its Subsidiaries or to the determination of any amount for the Company Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Borrower and its Subsidiaries or to the determination of any amount for the Company Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – - Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Borrower and its Subsidiaries or to the determination of any amount for the Company Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – — Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries Companies or to the determination of any amount for the Company and its Subsidiaries Companies on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Prologis is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Consolidated Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each entity in which the Company has a variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) Accounting Standards Codification 810 “Consolidation,” as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Borrower and its Consolidated Subsidiaries or to the determination of any amount for the Company Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – — Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Restricted Subsidiaries or to the determination of any amount for the Company and its Restricted Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Restricted Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries Consolidated Parties or to the determination of any amount for the Company and its Subsidiaries Consolidated Parties on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company MLP Parent is required to consolidate pursuant to FASB Interpretation No. 46 – — Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Holdings and its Subsidiaries or to the determination of any amount for the Company Holdings and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Holdings is required to consolidate pursuant to FASB Interpretation No. 46 – - Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – — Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination (for financial or accounting purposes) of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each material variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 Accounting Standards Codification 810 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Borrower and its Subsidiaries or to the determination of any amount for the Company Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) ), or any successor pronouncement, standard or interpretation thereof, as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated Consolidated financial statements of the Company Holdings and its direct and indirect Subsidiaries or to the determination of any amount for the Company Holdings and its direct and indirect Subsidiaries on a consolidated Consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Holdings is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Holdings and its Subsidiaries or to the determination of any amount for the Company Holdings and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Holdings is required to consolidate pursuant to FASB Interpretation No. 46 – — Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of Holdings the Company Borrower and its their Subsidiaries or to the determination of any amount for Holdings, the Company Borrower and its their Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Holdings is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries Loan Parties or to the determination of any amount for the Company and its Subsidiaries Loan Parties on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – - Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) ), as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 46R – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January December 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – — Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.Variable

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All ------------------------------------------- references herein to consolidated financial statements of the Company Holdings and its Subsidiaries or to the determination of any amount for the Company Holdings and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Holdings is required to consolidate pursuant to FASB Interpretation No. 46 – - Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All Except as expressly provided otherwise herein, all references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – - Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Partnership and its Subsidiaries or to the determination of any amount for the Company Partnership and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Partnership is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All Except as expressly provided otherwise herein, all references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – 46- Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) ), or any successor pronouncement, standard or interpretation thereof, as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Borrower and its Subsidiaries or to the determination of any amount for the Company Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – 46- Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries Loan Parties or to the determination of any amount for the Company and its Subsidiaries Loan Parties on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) ), as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – -- Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company Borrower and its Subsidiaries or to the determination of any amount for the Company Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – -- Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries Consolidated Group or to the determination of any amount for the Company and its Subsidiaries Consolidated Group on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 – - Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.. 1.04

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries Borrowers or to the determination of any amount for the Company and its Subsidiaries Borrowers on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company any Borrowers is required to consolidate pursuant to FASB Interpretation No. 46 – — Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries Consolidated Parties or to the determination of any amount for the Company and its Subsidiaries Consolidated Parties on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company MLP Parent is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries Companies or to the determination of any amount for the Company and its Subsidiaries Companies on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company ProLogis is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Consolidated Subsidiary as defined herein.

Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Company and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB Interpretation No. 46 (revised December 2003) – Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) Entities as if such variable interest entity were a Subsidiary as defined herein.