Document:

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                                                                    EXHIBIT 10.9

                 EIGHTH AMENDMENT TO REVOLVING CREDIT AGREEMENT

          This Eighth Amendment to Revolving Credit Agreement (the "Eighth
Amendment") is dated as of April 19, 2001, among MID-AMERICA APARTMENT
COMMUNITIES, INC. ("MAAC"), MID-AMERICA APARTMENTS, L.P. ("Mid-America"), the
financial institutions listed on SCHEDULE 1, as amended or supplemented from
time to time (the "Lenders"), AMSOUTH BANK, an Alabama banking corporation, as
Administrative Agent for the Lenders, its successors and assigns (in such
capacity, the "Administrative Agent"), and COMMERZBANK AG, NEW YORK AND GRAND
CAYMAN BRANCHES, as Co-Arranger and Syndication Agent.

                                    RECITALS

          A.     MAAC, Mid-America, certain Lenders and the Administrative Agent
entered into that certain Revolving Credit Agreement dated as of March 16, 1998,
executed in amendment and restatement of that certain Revolving Credit Agreement
among MAAC, Mid-America, the Administrative Agent and certain lenders, dated
November 20, 1997, as amended by First Amendment thereto dated as of May 15,
1998, by Second Amendment thereto dated as of October 1, 1998, by Third
Amendment thereto dated as of November 12, 1998, by Fourth Amendment thereto
dated as of March 31, 1999, by Fifth Amendment thereto dated as of May 28, 1999,
by Sixth Amendment thereto dated as of November 12, 1999, and by Seventh
Amendment thereto dated as of July 21, 2000 (as it may be amended further from
time to time, the "Agreement"). Unless otherwise defined in this Eighth
Amendment, capitalized terms shall have the meaning assigned to them in the
Agreement.

          B.     The Borrowers have requested that the Agreement be amended to
modify certain provisions of the Agreement.

          C.     The parties to the Agreement desire to execute this Eighth
Amendment to evidence the extension of the Maturity Date and the other
modifications.

                                    AGREEMENT

          NOW, THEREFORE, in consideration of the above Recitals, the parties
hereby agree as follows:

     1.   SECTION 1.1, The Loans, is hereby amended by deleting the amount of
          "$85,000,000" and replacing it with the amount of "$70,000,000".

     2.   SECTION 1.3, Commitments, is hereby amended by deleting the amount of
          "$85,000,000.00" and replacing it with the amount of "$70,000,000.00".

                                       1
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     3.   SECTION 1.11(a), Letter of Credit Fees, is hereby deleted in its
          entirety and replaced with the following:

     (a)  Letter of Credit Fees

          The Borrowers shall pay to the Lenders in accordance with their
          respective Proportionate Share an annual fee for the issuance of each
          Letter of Credit; and any such fee shall be paid annually in advance
          for the entire period of time that such Letter of Credit is
          outstanding (the "Letter of Credit Fee"). The Letter of Credit Fee
          described herein shall be paid as follows:

<Table>
<Caption>
ADVANCES UNDER SWING LINE FACILITY AND
NOTES PLUS LETTERS OF CREDIT/DEVELOPMENT               ADJUSTED NOI/ASSUMED       LETTER OF CREDIT
PROJECT COSTS PLUS VALUE OF STABILIZED PROPERTIES      DEBT SERVICE               FEE
-------------------------------------------------      --------------------       ----------------
                <S>                                    <C>                        <C>
                $55% but less than 57%                 $1.75 but less than 1.8    1.65%
                $52.5% but less than 55%               $1.8 but less than 1.9     1.55%
                $50% but less than 52.5%               $1.9 but less than 2.0     1.45%
                less than 50%                          $2.0                       1.05%
</Table>

          If the calculation of the two covenants used to determine the Letter
of Credit Fee would result in two different Letter of Credit Fees, the higher
Letter of Credit Fee shall be deemed the applicable Letter of Credit Fee.

     4.   SECTION 1.11(c), Facility Fees, is hereby deleted in its entirety and
          replaced with the following:

     (c)  Facility Fee

          The Borrowers shall pay to the Lenders in accordance with their
          respective Proportionate Share an annual fee quarterly in arrears
          beginning April 19, 2001 (the "Facility Fee"). Said Facility Fee shall
          be in the amount of 15 basis points of the aggregate outstanding
          amount of the Loans.

     5.   The parties acknowledge that in determining compliance with the
          dividend payout ratio set forth in SECTION 6.7 of the Agreement, the
          amount of dividends paid and Funds from Operations shall be calculated
          on a rolling 12-month period.

     6.   SECTION 6.8, Other Financial Covenants, is hereby amended as follows:

                                       2
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     (a)  Subsection (f) is hereby deleted in its entirety and replaced with the
          following (which change shall be reflected on the Debt Covenant
          Worksheet for Compliance Certificate, as appropriate):

          (f)    Beginning with the quarter ended June 30, 2001, permit the
                 ratio of Adjusted NOI for all Mortgaged Properties (based on
                 the prior three (3) months, annualized) to Assumed Debt Service
                 to be less than 1.75 to 1.0.

     (b)  Subsection (h) is hereby deleted in its entirety and replaced with the
          following (which change shall be reflected on the Debt Covenant
          Worksheet for Compliance Certificate, as appropriate):

          (h)    Beginning with the quarter ended June 30, 2001, fail to
                 maintain as of the end of each fiscal quarter a ratio of
                 Adjusted NOI from Stabilized Properties only (based on the
                 prior three (3) months, annualized) to Assumed Debt Service for
                 the same period (utilizing a 30-year assumed amortization
                 period instead of a 25-year period) of at least 1.50 to 1.0.

     7.   SECTION 11.1, Definitions, is hereby amended as follows:

          (a)    The definition of "Advance Rate" is hereby amended by replacing
          the current Advance Rate for Stabilized Properties of "60%" (in
          subparagraph (b) thereof) with the new Advance Rate of "57%". All
          references to "60%" in said definition are hereby replaced with "57%".

          (b)    The definition of "Borrowing Base" is hereby amended by
          replacing "$30,000,000" (the sublimit for Development Projects) with
          "$25,000,000" and by adding to the end of said definition the
          following sentence: "Commencing April 19, 2001, said $25,000,000
          limitation for Development Projects shall have a sublimit of
          $10,000,000 for Development Projects for which all appropriate
          Certificates of Occupancy have not yet been issued."

          (c)    The definition of "Margin" is hereby deleted in its entirety
          and replaced with the following:

          MARGIN, effective April 19, 2001, shall be determined based upon
either (i) the then applicable ratio of the average for the prior 6-month period
of advances under the Swing Line Facility and the Notes plus the sum of all
Letters of Credit outstanding as of the last day of the applicable quarter to
the sum of Development Project Costs as of the last day of the applicable
quarter and the value of all Stabilized Properties as of said day (based on the
Adjusted NOI of said Stabilized Properties, as may be adjusted pursuant to
subparagraphs (d) and (e) of the definition of "Advance Rate" set forth
SECTION 11.1 hereof) or (ii) the then applicable ratio of Adjusted NOI for all
Mortgaged Properties (based on the prior three months annualized) to Assumed
Debt Service, as follows:

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<Table>
<Caption>
ADVANCES UNDER SWING LINE FACILITY AND
NOTES PLUS LETTERS OF CREDIT/DEVELOPMENT               ADJUSTED NOI/ASSUMED
PROJECT COSTS PLUS VALUE OF STABILIZED PROPERTIES      DEBT SERVICE               LIBOR MARGIN
-------------------------------------------------      --------------------       ------------
                <S>                                    <C>                        <C>
                $55% but less than 57%                 $1.75 but less than 1.8    165 basis points
                $52.5% but less than 55%               $1.8 but less than 1.9     155 basis points
                $50% but less than 52.5%               $1.9 but less than 2.0     145 basis points
                less than 50%                          $2.0                       135 basis points
</Table>

          If the calculation of the two covenants used to determine the Margin
after April 19, 2001, would result in two different Margins, the higher Margin
shall be deemed the applicable Margin.

          (d)    The definition of "Total Market Value of Assets" is hereby
          amended by adding to the end of said definition the following
          sentence: "For purposes of this definition only, the general and
          administrative expenses of the Borrowers shall be excluded from the
          calculation of EBITDA.

     8.   SCHEDULE 1 is hereby deleted in its entirety and replaced with
          SCHEDULE 1 attached hereto and made a part hereof.

     9.   SCHEDULE 2 is hereby deleted in its entirety and replaced with
          SCHEDULE 2 attached hereto and made a part hereof.

     10.  SCHEDULE 3 is hereby deleted in its entirety and replaced with
          SCHEDULE 3 attached hereto and made a part hereof.

     11.  This Eighth Amendment shall not be effective until the following
          conditions have been fulfilled:

          a.     The Administrative Agent has received a fully executed original
                 of this Eighth Amendment;

          b.     The Administrative Agent has received an original Note executed
                 to the order of each Lender, in the principal amount of such
                 Lender's commitment and evidencing such Lender's Loans;

          c.     Any fees required as a result of this Eighth Amendment have
                 been received by the Administrative Agent;

          d.     The Administrative Agent has received appropriate resolutions
                 of the Borrowers and the Subsidiaries authorizing the
                 transactions contemplated herein;

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          e.     The Administrative Agent has received an opinion of counsel to
                 each of the Borrowers, which opinion shall be satisfactory to
                 the Administrative Agent in all respects; and

          f.     The Administrative Agent has received a confirmation from each
                 Subsidiary that is a Mortgagor that its Subsidiary Guaranty is
                 in full force and effect.

          Except as expressly amended hereby, the Agreement shall remain in full
force and effect in accordance with its terms.

          Each Borrower represents and warrants that no Event of Default has
occurred and is continuing under the Agreement, nor does any event that upon
notice or lapse of time or both would constitute such an Event of Default exist.

          IN WITNESS WHEREOF, the parties have executed this Eighth Amendment as
of the date first set forth above.

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                                Signature page to
                 Eighth Amendment to Revolving Credit Agreement

                                      MID-AMERICA APARTMENT
                                      COMMUNITIES, INC.

                                      By
                                        -----------------------------------
                                      Name
                                          ---------------------------------
                                      Title
                                           --------------------------------

<Page>

                                Signature page to
                 Eighth Amendment to Revolving Credit Agreement

                                     MID-AMERICA APARTMENTS, L.P.

                                     By Mid-America Apartment
                                     Communities, Inc.
                                      Its Sole General Partner

                                      By
                                        -----------------------------------
                                      Name
                                          ---------------------------------
                                      Title
                                           --------------------------------

<Page>

                                Signature page to
                 Eighth Amendment to Revolving Credit Agreement

                                      AMSOUTH BANK,
                                      in its individual capacity as Lender
                                      and as Administrative Agent

                                      By
                                        -----------------------------------
                                      Name
                                          ---------------------------------
                                      Title
                                           --------------------------------

<Page>

                                Signature page to
                 Eighth Amendment to Revolving Credit Agreement

                                      COMMERZBANK AG,
                                      NEW YORK AND GRAND CAYMAN
                                      BRANCHES, in its individual capacity as
                                      Lender and as Co-Arranger and Syndication
                                      Agent

                                      By
                                         ----------------------------------
                                      Name
                                          ---------------------------------
                                      Title
                                           --------------------------------

                                      By
                                         ----------------------------------
                                      Name
                                          ---------------------------------
                                      Title
                                           --------------------------------

<Page>

                                Signature page to
                 Eighth Amendment to Revolving Credit Agreement

                                      FIRST TENNESSEE BANK, N.A.

                                      By
                                         ----------------------------------
                                      Name
                                          ---------------------------------
                                      Title
                                           --------------------------------

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                                   SCHEDULE 1
<Table>
<Caption>
LIST OF LENDERS                                     PERCENTAGE
---------------                                     ----------
<S>                                                 <C>
AmSouth Bank                                         35.71%

First Tennessee Bank, N.A.                           28.58%

Commerzbank AG, New York
and Grand Cayman Branches                            35.71%

                                                    -------
TOTAL                                               100.0 %
</Table>

<Page>

                                   SCHEDULE 2

                          [CURRENT LIST OF PROPERTIES]

<Table>
<Caption>
                                                                   AVAILABILITY
PROPERTY                               ADVANCE RATE               AS OF 4/18/01
--------                               ------------               -------------
<S>                                          <C>                      <C>

I.     Stabilized Properties:

1.     Reflection Pointe (MS)                57%                      $6,869,628
2.     Anatole (FL)                          57%                       5,119,248
3.     Township (VA)                         57%                       6,948,888
4.     Sterling Ridge (GA)                   57%                       4,361,652
5.     Reserve at Dexter I (TN)              57%                       6,191,976
6.     Paddock Club Panama City (FL)         57%                       6,788,508

II.    Development Projects:

1.     Grande View Nashville (TN)            40% of cost             $13,252,963
2.     Grand Reserve Lexington (KY)          40% of cost              12,768,986
3.     Reserve at Dexter II (TN)             40% of cost               9,918,000
4.     Kenwood Club Katy (TX)                37% of cost               6,055,493
5.     Reserve at Dexter III (TN)            40% of cost               2,992,812
</Table>

<Page>

                                   SCHEDULE 3

                               [NOTICE ADDRESSES]

AmSouth Bank
Real Estate Department
9th Floor
AmSouth/Sonat Building
1900 5th Avenue North
Birmingham, Alabama 35203
Attention: Mr. Lawrence B. Clark

First Tennessee Bank, N.A.
1st Floor-Real Estate
165 Madison Avenue
Memphis, Tennessee 38103
Attn: Ms. Jennifer Andrews

Commerzbank AG, New York
and Grand Cayman Branches
Two World Financial Center
225 Liberty Street, 34th Floor
New York, New York 10281
Attn: Mr. Marcus Perry

Mid-America Apartment Communities, Inc.
6584 Poplar
Suite 340
Memphis, Tennessee 38138
Attention:  Mr. Simon R.C. Wadsworth

Mid-America Apartments, L.P.
6584 Poplar
Suite 340
Memphis, Tennessee 38138
Attention: Mr. Simon R.C. Wadsworth<Page>

                                                                   EXHIBIT 10.26

                     AMENDMENT TO RESTRICTED STOCK AGREEMENT

         THIS AMENDMENT TO RESTRICTED STOCK AGREEMENT, dated as of June 22, 2001
is made by and between Owens-Illinois, Inc., a Delaware corporation (the
"Company") and [____________], an employee of the Company or a Parent
Corporation or a Subsidiary (the "Employee"):

         WHEREAS, the Company has established the Owens-Illinois 1997 Equity
Participation Plan (the "Plan"); and

         WHEREAS, the Plan provides for the issuance of shares of the Company's
Common Stock, subject to certain restrictions thereon; and

         WHEREAS, by Restricted Stock Agreement dated as of May 17, 1999 between
the Company and the Employee (the "Agreement"), the Employee was granted certain
shares of Restricted Stock (as defined in the Agreement); and

         WHEREAS, the Compensation Committee of the Board of Directors of the
Company has determined it would be to the advantage and best interest of the
Company and its stockholders to amend the Agreement as provided for herein in
partial consideration of services rendered, or to be rendered, to the Company
and/or its subsidiaries; and

         NOW, THEREFORE, in consideration of the mutual covenants herein
contained and other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto do hereby agree as follows:

         1. Sections 3.1 and 3.2 of the Agreement are hereby amended to read, in
their entirety, as follows:

            "SECTION 3.1. REACQUISITION OF RESTRICTED STOCK

                Until vested, all shares of Restricted Stock issued to the
            Employee pursuant to this Agreement are subject to reacquisition by
            the Company immediately upon a Termination of Employment other than
            from death or total disability (as determined by the Committee in
            accordance with Company plans and policies), in which event all
            shares of Restricted Stock shall immediately fully vest and all
            Restrictions with respect to such shares of Restricted Stock shall
            immediately expire. Following any reacquisition by the Company
            pursuant to this Section 3.1, the Company shall promptly pay to the
            Employee an amount equal to the product of $.01 times the number of
            shares of Restricted Stock reacquired.

<Page>

            SECTION 3.2 LAPSE OF RESTRICTIONS.

                The Restricted Stock shall fully vest, and all Restrictions
            thereon shall immediately expire upon the later to occur of (a) the
            third anniversary of this Agreement, and (b) either (i) Employee's
            retirement (whether normal or early, as determined in accordance
            with Company plans and policies) from the Company, or (ii) a
            Termination of Employment that is not initiated by, and not
            voluntary on the part of the Employee, other than for Cause. Upon
            the vesting of the shares and subject to Section 5.3, the Company
            shall cause new certificates to be issued with respect to such
            vested shares and delivered to the Employee or his legal
            representative, free from the legend provided for in Section 3.3 and
            any of the other Restrictions. Such vested shares shall cease to be
            considered Restricted Stock subject to the terms and conditions of
            this Agreement."

         2. To the extent inconsistent with the following, Article IV of the
Agreement is hereby amended to read, in its entirety, as follows:

                                  "ARTICLE IV.

                        NON-COMPETITION/NON-SOLICITATION

            SECTION 4.1. COVENANT NOT TO COMPETE

                Employee covenants and agrees that prior to Employee's
            Termination of Employment and for a period of three (3) years
            following the Employee's Termination of Employment, Employee shall
            not, in the United States of America or in any other country in
            which the Company manufactures or sells it products, engage,
            directly or indirectly, whether as principal or as agent, officer,
            director, employee, consultant, shareholder or otherwise, alone or
            in association with any other person, corporation or other entity,
            in any Competing Business.

            SECTION 4.2. NON-SOLICITATION OF EMPLOYEES

                Employee agrees that prior to his Termination of Employment and
            for three (3) years following Employee's Termination of Employment,
            including without limitation termination by the Company for Cause or
            without Cause, Employee shall not, directly or indirectly, solicit
            or induce, or attempt to solicit or induce, any employee of the
            Company to leave the employment of the Company for any reason
            whatsoever, or hire any employee of the Company except into the
            employment of the Company.

            SECTION 4.3. EXCEPTION

                Notwithstanding anything contained in this Agreement to the
            contrary, the

                                       2

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            restrictions set forth in Section 4.1 above shall lapse and be of no
            further effect in the event of a Termination of Employment that is
            not initiated by, and not voluntary on the part of the Employee,
            other than for Cause."

         3. Except as otherwise provided herein, the Agreement shall remain in
full force and effect.

         IN WITNESS WHEREOF, the Company and the Employee have caused this
Amendment to be executed as of the day and year first above written.

                                              OWENS-ILLINOIS, INC.

                                              By:
                                                 -------------------------------
                                              Its:   Executive Vice President

------------------------------------
Employee

------------------------------------

------------------------------------
Address

Employee's Taxpayer
Identification Number:

------------------------------------

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