Common use of Procedure for Changing Rates or Other Variable Terms Clause in Contracts

Procedure for Changing Rates or Other Variable Terms. When a decision has been reached to change the interest rate or any other variable term on any Notes being sold by the Operating Partnership, the Operating Partnership will promptly advise the Agents and the Trustee by telephone and the Agents will forthwith suspend solicitation of offers to purchase such Notes. The Agents will telephone the Operating Partnership with recommendations as to 55 the changed interest rates or other variable terms. At such time as the Operating Partnership notifies the Agents and the Trustee of the new interest rates or other variable terms, the Agents may resume solicitation of offers to purchase such Notes. Until such time, only "indications of interest" may be recorded. Immediately after acceptance by the Operating Partnership of an offer to purchase Notes at a new interest rate or new variable term, the Operating Partnership, the Offering Agent and the Trustee shall follow the procedures set forth under the applicable "Settlement Procedures."

Procedure for Changing Rates or Other Variable Terms. When a decision has been reached to change the interest rate or any other variable term on any Notes being sold by the Operating Partnership, the Operating Partnership will promptly advise the Agents and the Trustee by telephone facsimile transmission and the Agents will forthwith suspend solicitation of offers to purchase such Notes. The Agents will telephone the Operating Partnership with recommendations as to 55 the changed interest rates or other variable terms. At such time as the Operating Partnership notifies the Agents and the Trustee of the new interest rates or other variable terms, the Agents may resume solicitation of offers to purchase such Notes. Until such time, only "“indications of interest" ” may be recorded. Immediately after acceptance by the Operating Partnership of an offer to purchase Notes at a new interest rate or new variable term, the Operating Partnership, the Offering Agent and the Trustee shall follow the procedures set forth under the applicable "“Settlement Procedures."”

Procedure for Changing Rates or Other Variable Terms. When a decision has been reached to change the interest rate or any other variable term on any Notes being sold by the Operating Partnership, the 49 Operating Partnership will promptly advise the Agents and the Trustee by telephone and the Agents will forthwith suspend solicitation of offers to purchase such Notes. The Agents will telephone the Operating Partnership with recommendations as to 55 the changed interest rates or other variable terms. At such time as the Operating Partnership notifies the Agents and the Trustee of the new interest rates or other variable terms, the Agents may resume solicitation of offers to purchase such Notes. Until such time, only "indications of interest" may be recorded. Immediately after acceptance by the Operating Partnership of an offer to purchase Notes at a new interest rate or new variable term, the Operating Partnership, the Offering Agent and the Trustee shall follow the procedures set forth under the applicable "Settlement Procedures."

Procedure for Changing Rates or Other Variable Terms. When a decision has been reached to change the interest rate or any other variable term on any Notes being sold by the Operating PartnershipCompany, the Operating Partnership Company will promptly advise the Agents and the Trustee Issuing Agent by telephone facsimile transmission and the Agents will forthwith suspend solicitation of offers to purchase such Notes. The Agents will telephone the Operating Partnership Company with recommendations as to 55 the changed interest rates or other variable terms. At such time as the Operating Partnership notifies Company advises the Agents and the Trustee Issuing Agent by facsimile transmission of the new interest rates or other variable terms, the Agents may resume solicitation of offers to purchase such Notes. Until such time, time only "indications of interest" may be recorded. Immediately after acceptance by the Operating Partnership Company of an offer to purchase Notes at a new interest rate or new variable term, the Operating PartnershipCompany, the Offering Agent and the Trustee Issuing Agent shall follow the procedures set forth under the applicable "Settlement Procedures."