Common use of Prior Financials Clause in Contracts

Prior Financials. The Consolidated and Combined Balance Sheet as of December 31, 1997, the Consolidated and Combined Statement of Operations for the Year Ended December 31, 1997, and the Consolidated and Combined Statement of Cash Flows for the Year Ended December 31, 1997 of the REIT contained in the Form 10-K Annual Report of the REIT as of December 31, 1997 (the "Pre-Closing Financials") delivered to Agent prior to the date hereof were prepared in accordance with GAAP in effect on the date such Pre-Closing Financials were prepared and fairly present the assets, liabilities and financial condition of the REIT, on a consolidated basis, at such date and the results of its operations and its cash flows, on a consolidated basis, for the period then ended.

Prior Financials. The Consolidated and Combined Balance Sheet as of (a) December 31, 19971999 Consolidated Balance Sheet, the Consolidated and Combined Statement of Operations for the Year Ended December 31, 1997, and the Consolidated and Combined Statement of Cash Flows for the Year Ended December 31, 1997 of the REIT contained in the REIT's Form 10-K Annual Report (the "December 31, 1999 Financials") and (b) June 30, 2000 Consolidated Balance Sheet, Statement of Operations and Statement of Cash Flows of the REIT as of December 31contained in the REIT's Form 10Q (in each case, 1997 (the "Pre-Closing Financials") delivered to Administrative Agent prior to the date hereof hereof) were prepared in accordance with GAAP in effect on the date such Pre-Closing Financials were prepared and fairly present the assets, liabilities and financial condition of the REIT, REIT on a consolidated basis, at such the date thereof and the results of its operations and its cash flows, on a consolidated basis, for the period then ended.

Prior Financials. The Consolidated and Combined Balance Sheet as of (a) December 31, 19971996 Consolidated Balance Sheet, the Consolidated and Combined Statement of Operations for the Year Ended December 31, 1997, and the Consolidated and Combined Statement of Cash Flows for the Year Ended December 31, 1997 of the REIT contained in the REIT's Form 10-K Annual Report (the "December 31, 1996 Financials") and (b) March 31, 1997 Consolidated Balance Sheet, Statement of Operations and Statement of Cash Flows of the REIT as of December 31contained in the REIT's Form 10Q (in each case, 1997 (the "Pre-Closing Financials") delivered to Agent prior to the date hereof hereof) were prepared in accordance with GAAP in effect on the date such Pre-Closing Financials were prepared and fairly present the assets, liabilities and financial condition of the REIT, REIT on a consolidated basis, at such the date thereof and the results of its operations and its cash flows, on a consolidated basis, for the period then ended.

Prior Financials. The Consolidated and Combined Balance Sheet as of December 31, 1997, the Consolidated and Combined Statement of Operations for the Year Ended December 31, 1997, and the Consolidated and Combined Statement of Cash Flows for the Year Ended December 31, 1997 1997, of the REIT contained in the Form 10-K Annual Report of the REIT as of December 31, 1997 (the "Pre-Closing Financials") delivered to Agent prior to the date hereof were prepared in accordance with GAAP in effect on the date such Pre-Closing Financials were prepared and fairly present the assets, liabilities and financial condition of the REIT, on a consolidated basis, at such date and the results of its operations and its cash flows, on a consolidated basis, for the period then ended.