Common use of ECHELON NOTES AND PLEDGE AGREEMENT Clause in Contracts

ECHELON NOTES AND PLEDGE AGREEMENT. A. The rights of the following Assignors in certain promissory notes dated March 8, 2000, as amended, made by Echelon Residential Holdings LLC in favor of the Assignors, as lenders, having principal amounts set forth opposite each Assignor's name, together with any accrued but unpaid interest: American Income Partners V-A: $2,160,000 ------------------------------- American Income Partners V-B: $5,700,000 ------------------------------- American Income Partners V-C: $2,390,000 ------------------------------- American Income Partners V-D: $2,730,000 ------------------------------- American Income Fund I-A: $1,650,000 --------------------------- American Income Fund I-B: $1,310,000 --------------------------- American Income Fund I-C: $2,780,000 --------------------------- American Income Fund I-D: $3,050,000 --------------------------- American Income Fund I-E: $4,790,000 --------------------------- Airfund International: $1,800,000 ---------------------- Airfund II International: $3,640,000 -------------------------- B. The rights of the foregoing Assignors in that certain Pledge Agreement, dated March 8, 2000, by and among the Assignors and Holdings relating to the pledge of all of the membership interests in Echelon Residential LLC by Holdings as security for the payment of the Notes.