Common use of Coupon Reset Process Clause in Contracts

Coupon Reset Process. If the Call Option is exercised in accordance with the terms of the Form of Security and the Indenture, then the following steps (the "Coupon Reset Process") shall be taken in order to determine the interest rate to be paid on the Securities from and including the Coupon Reset Date to the Stated Maturity Date (the "Coupon Reset Rate"). The Operating Partnership and the Calculation Agent shall use reasonable efforts to cause the actions contemplated below to be completed in as timely a manner as possible. (i) The Operating Partnership shall provide the Calculation Agent with (a) a list (the "Dealer List"), no later than five Business Days prior to the Coupon Reset Date, 2 containing the names and addresses of between three and five dealers, which shall include Morgxx Xxxnxxx & Xo. Incorporated, Goldxxx, Xxchs & Co. and J.P. Xxxxxx Xxxurities, Inc., from whom the Operating Partnership desires the Calculation Agent to obtain the Bids (as defined below) for the purchase of the Securities, and (b) such other material as may reasonably be requested by the Calculation Agent to facilitate a successful Coupon Reset Process. (ii) Within one Business Day following receipt by the Calculation Agent of the Dealer List, the Calculation Agent shall provide to each dealer ("Dealer") on the Dealer List (a) a copy of the Prospectus relating to the offering of the Securities, (b) a copy of the Form of Security and (c) a written request that each such Dealer submit a Bid to the Calculation Agent not later than 3:00 p.m., New York time, on the third Business Day prior to the Coupon Reset Date (the "Bid Date"). The time on the Bid Date upon which Bids will be requested may be changed by the Calculation Agent, acting in its sole and absolute discretion to as late as 3:00 p.m. New York time. "Bid" shall mean an irrevocable written offer given by a Dealer for the purchase of all of the Securities settling on the Coupon Reset Date, and shall be quoted by such Dealer as a stated yield to maturity on the Securities ("Yield to Maturity"). Each Dealer shall also be provided with (a) the name of the Operating Partnership, (b) an estimate of the Purchase Price (which shall be stated as a US Dollar amount and be calculated by the Calculation Agent in accordance with clause (iii) below), (c) the principal amount and Stated Maturity Date of the Securities and (d) the method by which interest will be calculated on the Securities.

Coupon Reset Process. If the Company (or either of its successors and assigns) as Callholder under the Call Option, has exercised the Call Option is exercised in accordance with the terms of procedures set forth above, the Form of Security Company and the Indenture, then applicable Calculation Agent shall complete the following steps (the "Coupon Reset Process") shall be taken in order to determine the interest rate to be paid on the Securities from and including the Coupon Reset Date to the Stated Maturity Date (the "Coupon Reset Rate") to be paid on the applicable principal amount of the Notes from and including such Coupon Reset Date to January 15, 2018 (the "Final Maturity Date"). The Operating Partnership Company and the applicable Calculation Agent shall use reasonable efforts to cause the actions contemplated below to be completed in as timely a manner as possible. (i) The Operating Partnership Company shall provide the applicable Calculation Agent with (a) with a list (the "Dealer List"), no later than five four Business Days prior to the Coupon Reset Date, 2 containing the names and addresses of between three and five dealers, two of which shall include be UBS in the event Union Bank of Switzerland, London branch exercises its Call Option and Morgxx Xxxnxxx & Xo. Incorporated, Goldxxx, Xxchs & Co. and J.P. Xxxxxx Xxxurities, Inc.in the event it exercises its Call Option, from whom the Operating Partnership which it desires the applicable Calculation Agent to obtain the Bids (as defined below) for the purchase of the Securities, and (b) such other material as may reasonably be requested by applicable principal amount of the Calculation Agent to facilitate a successful Coupon Reset ProcessNotes. (ii) Within one Business Day following receipt by the applicable Calculation Agent of the Dealer List, the applicable Calculation Agent shall provide to each dealer ("Dealer") on the Dealer List (a) a copy of the Prospectus dated January 22, 1998 and a copy of the Prospectus Supplement dated January 22, 1998 relating to the offering of the SecuritiesNotes, (b) a copy of the Form form of Security Notes and (c) a written request that each such Dealer submit a Bid to the applicable Calculation Agent not later than 3:00 p.m.by 12:00 noon, New York timeCity time (the "Bid Deadline"), on the third Business Day prior to the Coupon Reset Date (the "Bid Date"). The time on the Bid Date upon which Bids will be requested may be changed by the Calculation Agent, acting in its sole and absolute discretion to as late as 3:00 p.m. New York time. "Bid" shall mean an irrevocable written offer given by a Dealer for the purchase of all of the Securities settling on the Coupon Reset Date, and shall be quoted by such Dealer as a stated yield to maturity on the Securities Notes ("Yield to Maturity"). Each Dealer shall also be provided with (a) the name of the Operating PartnershipCompany, (b) an estimate of the Purchase Price (which shall be stated as a US Dollar amount and be calculated by the applicable Calculation Agent in accordance with clause (iii) below), (c) the principal amount and Stated Maturity Date maturity of the Securities Notes and (d) the method by which interest will be calculated on the SecuritiesNotes.

Coupon Reset Process. If the Company (or either of its successors and assigns) as Callholder under the Call Option, has exercised the Call Option is exercised in accordance with the terms of procedures set forth above, the Form of Security Company and the Indenture, then applicable Calculation Agent shall complete the following steps (the "Coupon Reset Process") shall be taken in order to determine the interest rate to be paid on the Securities from and including the Coupon Reset Date to the Stated Maturity Date (the "Coupon Reset Rate") to be paid on the applicable principal amount of the Notes from and including such Coupon Reset Date to January 15, 2018 (the "Final Maturity Date"). The Operating Partnership Company and the applicable Calculation Agent shall use reasonable efforts to cause the actions contemplated below to be completed in as timely a manner as possible. (i) The Operating Partnership Company shall provide the applicable Calculation Agent with (a) with a list (the "Dealer List"), no later than five four Business Days prior to the Coupon Reset Date, 2 containing the names and addresses of between three and five dealers, two of which shall include Morgxx Xxxnxxx & Xo. Incorporatedbe UBS in the event Union Bank of Switzerland, Goldxxx, Xxchs & Co. London branch exercises its Call Option and J.P. Xxxxxx Xxxurities, Inc.Xxxxxxx in the event it exercises its Call Option, from whom the Operating Partnership which it desires the applicable Calculation Agent to obtain the Bids (as defined below) for the purchase of the Securities, and (b) such other material as may reasonably be requested by applicable principal amount of the Calculation Agent to facilitate a successful Coupon Reset ProcessNotes. (ii) Within one Business Day following receipt by the applicable Calculation Agent of the Dealer List, the applicable Calculation Agent shall provide to each dealer ("Dealer") on the Dealer List (a) a copy of the Prospectus dated January 22, 1998 and a copy of the Prospectus Supplement dated January 22, 1998 relating to the offering of the SecuritiesNotes, (b) a copy of the Form form of Security Notes and (c) a written request that each such Dealer submit a Bid to the applicable Calculation Agent not later than 3:00 p.m.by 12:00 noon, New York timeCity time (the "Bid Deadline"), on the third Business Day prior to the Coupon Reset Date (the "Bid Date"). The time on the Bid Date upon which Bids will be requested may be changed by the Calculation Agent, acting in its sole and absolute discretion to as late as 3:00 p.m. New York time. "Bid" shall mean an irrevocable written offer given by a Dealer for the purchase of all of the Securities settling on the Coupon Reset Date, and shall be quoted by such Dealer as a stated yield to maturity on the Securities Notes ("Yield to Maturity"). Each Dealer shall also be provided with (a) the name of the Operating PartnershipCompany, (b) an estimate of the Purchase Price (which shall be stated as a US Dollar amount and be calculated by the applicable Calculation Agent in accordance with clause (iii) below), (c) the principal amount and Stated Maturity Date maturity of the Securities Notes and (d) the method by which interest will be calculated on the SecuritiesNotes.

Coupon Reset Process. If the Call Option -------------------- is exercised in accordance with the terms of the Form of Security and the IndentureBond under "Call Option; Put Option", then the following steps (the "Coupon Reset Process") shall be taken in order to determine the interest rate to be paid on the Securities Bonds from and including the Coupon Reset Date to the Stated Final Maturity Date (the "Coupon Reset Rate")Date. The Operating Partnership Company and the Calculation Agent shall use reasonable efforts to cause the actions contemplated below to be completed in as timely a manner as possible. (i) The Operating Partnership Company shall provide the Calculation Agent with with (a) a list (the "Dealer List"), no later than five Business Days prior to the Coupon Reset Date, 2 containing the names and addresses of between three and five dealers, one of which shall include Morgxx Xxxnxxx be Xxxxxx Xxxxxxx & Xo. Co. Incorporated, Goldxxx, Xxchs & Co. and J.P. Xxxxxx Xxxurities, Inc., from whom which the Operating Partnership Company desires the Calculation Agent to obtain the Bids (as defined below) for the purchase of the Securitiessuch Bonds, and (b) such a copy of any other material as may reasonably be requested by the Calculation Agent to facilitate a successful Coupon Reset Process. (ii) Within one Business Day following receipt by the Calculation Agent of the Dealer List, the Calculation Agent shall provide to each dealer ("Dealer") on the Dealer List (a) a copy of the Prospectus Supplement and the Prospectus, relating to the offering of the SecuritiesBonds, (b) a copy of the Form of Security Bond and (c) a written request that each such Dealer submit a Bid to the Calculation Agent not later than 3:00 p.m.by 12:00 noon, New York time, on the third Business Day prior to the Coupon Reset Date (the "Bid Date"). The time on the Bid Date upon which Bids will be requested may be changed by the Calculation Agent, acting in its sole and absolute discretion Agent to as late as 3:00 p.m. New York City time. "Bid" shall mean an irrevocable written offer given by a Dealer for the purchase of all of the Securities Bonds settling on the Coupon Reset Date, and shall be quoted by such Dealer as a stated yield to maturity on the Securities Bonds ("Yield to Maturity"). Each Dealer shall also be provided with (a) the name of the Operating PartnershipCompany, (b) an estimate of the Purchase Price (which shall be stated as a US Dollar amount and be calculated by the Calculation Agent in accordance with clause (iii) below), (c) the principal amount and Stated Maturity Date of the Securities Bonds and (d) the method by which interest will be calculated on the SecuritiesBonds.

Coupon Reset Process. If the Call Option is exercised in accordance with the terms of the Form of Security Note and the Indenture, then the following steps (the "Coupon Reset Process") shall be taken in order to determine the interest rate to be paid on the Securities Notes from and including the Coupon Reset Date to the Stated Maturity Date (the "Coupon Reset Rate"). The Operating Partnership and the Calculation Agent shall use reasonable efforts to cause the actions contemplated below to be completed in as timely a manner as possible. (i) The Operating Partnership shall provide the Calculation Agent with (a) a list (the "Dealer List"), no later than five Business Days prior to the Coupon Reset Date, 2 containing the names and addresses of between three and five dealers, one of which shall include be Morgxx Xxxnxxx Stanxxx & Xo. Incorporated, Goldxxx, Xxchs & Co. and J.P. Xxxxxx Xxxurities, Inc., from whom the Operating Partnership desires the Calculation Agent to obtain the Bids (as defined below) for the purchase of the SecuritiesNotes, and (b) such other material as may reasonably be requested by the Calculation Agent to facilitate a successful Coupon Reset Process. (ii) Within one Business Day following receipt by the Calculation Agent of the Dealer List, the Calculation Agent shall provide to each dealer ("Dealer") on the Dealer List (a) a copy of the Prospectus relating to the offering of the SecuritiesNotes, (b) a copy of the Form of Security Note and (c) a written request that each such Dealer submit a Bid to the Calculation Agent not later than 3:00 p.m.by 12:00 noon, New York time, on the third Business Day prior to the Coupon Reset Date (the "Bid Date"). The time on the Bid Date upon which Bids will be requested may be changed by the Calculation Agent, acting in its sole and absolute discretion to as late as 3:00 p.m. New York time. "Bid" shall mean an irrevocable written offer given by a Dealer for the purchase of all of the Securities Notes settling on the Coupon Reset Date, and shall be quoted by such Dealer as a stated yield to maturity on the Securities Notes ("Yield to Maturity"). Each Dealer shall also be provided with (a) the name of the Operating Partnership, (b) an estimate of the Purchase Price (which shall be stated as a US Dollar amount and be calculated by the Calculation Agent in accordance with clause (iii) below), (c) the principal amount and Stated Maturity Date of the Securities Notes and (d) the method by which interest will be calculated on the SecuritiesNotes.

Coupon Reset Process. If the a Callholder timely exercises its Call Option is exercised in accordance with the terms respect to a series of the Form of Security and the IndentureNotes, then the Company and the applicable Calculation Agent shall complete the following steps (the "Coupon Reset Process") shall be taken in order to determine the interest rate to be paid on the Securities from and including the Coupon Reset Date to the Stated Maturity Date (the "Coupon Reset Rate")) to be paid on such Notes from and including the applicable Coupon Reset Date through but excluding the corresponding Final Maturity Date; provided that the Coupon Reset Process shall be discontinued if, at any time prior to and including the Bid Date, the Call Option terminates in accordance with Section 3(c) hereof. The Operating Partnership Company and the applicable Calculation Agent shall use reasonable efforts to cause the actions contemplated below to be completed in as timely a manner as possible. (i) The Operating Partnership With respect to each series of Notes subject to the Coupon Reset Process, the Company shall provide the applicable Calculation Agent with (a) with a list (the a "Dealer List"), no later than five seven Business Days prior to the applicable Coupon Reset Date, 2 containing the names and addresses of between three and five dealersdealers (with respect to the 6% Notes, one of which shall include Morgxx Xxxnxxx be Xxxxxx Xxxxxxx & Xo. Co. Incorporated, Goldxxxand with respect to the 6 1/8% Notes and the 6 3/8% Notes, Xxchs & Co. and J.P. Xxxxxx Xxxurities, Inc., one of which shall be UBS Securities LLC) from whom the Operating Partnership which it desires the applicable Calculation Agent to obtain the Bids (as defined below) for the purchase of the Securities, and (b) such other material as may reasonably be requested by the Calculation Agent to facilitate a successful Coupon Reset ProcessNotes. (ii) Within With respect to each series of Notes subject to the Coupon Reset Process, within one Business Day following receipt by the applicable Calculation Agent of the Dealer List, the applicable Calculation Agent shall provide to each dealer ("Dealer") on the Dealer List (a) a copy of the Prospectus Supplement and accompanying Prospectus relating to the offering such series of the SecuritiesNotes, (b) a copy of the Form form of Security the 6% Notes, the 6 1/8% Notes or the 6 3/8% Notes, as the case may be, and (c) a written request that each such Dealer dealer submit a Bid to the applicable Calculation Agent not later than 3:00 p.m.at 12:00 noon, New York City time, on the third Business Day prior to the applicable Coupon Reset Date (the "Bid Date"). The time on the applicable Bid Date upon which Bids will be requested may be changed by the applicable Calculation Agent, acting in its sole and absolute discretion Agent to as late as 3:00 4:00 p.m. New York time. "Bid" shall mean an irrevocable written offer given by a Dealer for the purchase of all of the Securities settling on the Coupon Reset Date, and shall be quoted by such Dealer as a stated yield to maturity on the Securities Notes ("Yield to Maturity"). Each Dealer shall also be provided with (a) the name of the Operating PartnershipCompany, (b) an estimate of the Purchase Price of the series of Notes (which shall be stated as a US Dollar amount and be calculated by the applicable Calculation Agent in accordance with clause (iii) below), (c) the principal amount and Stated Maturity Date maturity of the Securities series of Notes and (d) the method by which interest will be calculated on the Securitiesseries of Notes.