Document:

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                                                                     Exhibit 4.5
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                     SERIES C NOTES/SERIES D NOTES EXCHANGE

                          REGISTRATION RIGHTS AGREEMENT

                                  APRIL 4, 2001

                                  BY AND AMONG

                             AMERIGAS PARTNERS, L.P.
                          AMERIGAS EAGLE FINANCE CORP.
                             AMERIGAS PROPANE, L.P.
                             AMERIGAS PROPANE, INC.
                                       AND
                     CREDIT SUISSE FIRST BOSTON CORPORATION
                         BANC OF AMERICA SECURITIES LLC

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      The Registration Rights Agreement (this "AGREEMENT") is made and entered
into on April 4, 2001 by and among AmeriGas Partners, L.P., a Delaware limited
partnership (the "PARTNERSHIP"), AmeriGas Eagle Finance Corp., a Delaware
corporation ("FINANCE CORP." and, together with the Partnership, the "ISSUERS"),
AmeriGas Propane, L.P., a Delaware limited partnership (the "OPERATING
PARTNERSHIP") and AmeriGas Propane, Inc., a Pennsylvania corporation (the
"GENERAL PARTNER"), and Credit Suisse First Boston Corporation and Banc of
America Securities LLC (each, an "INITIAL PURCHASER" and, collectively, the
"INITIAL PURCHASERS"), each of whom has agreed to purchase the Issuers' 10%
Senior Notes Due 2006 (the "SERIES C NOTES") pursuant to the Purchase Agreement
(as defined below).

      This Agreement is made pursuant to the Purchase Agreement, dated March 28,
2001 (the "PURCHASE AGREEMENT"), by and among the Issuers, the Operating
Partnership, the General Partner and the Initial Purchasers. In order to induce
the Initial Purchasers to purchase the Series C Notes, the Issuers have agreed
to provide the registration rights set forth in this Agreement. The execution
and delivery of this Agreement is a condition to the obligations of the Initial
Purchasers set forth in Section 7 of the Purchase Agreement.

      The parties hereby agree as follows:

SECTION 1. DEFINITIONS

      As used in this Agreement, the following capitalized terms shall have the
following meanings:

      Act:  The Securities Act of 1933, as amended.

      Broker-Dealer: Any broker or dealer registered under the Exchange Act.

      Business Day:  As defined in Rule 14d-l under the Exchange Act.

      Closing Date:  The date of this Agreement.

      Columbia Propane Acquisition: The acquisition of the business of Columbia
Propane, L.P. by the Partnership, as set forth in that certain purchase
agreement by and among Columbia Energy Group, Columbia Propane Corporation,
Columbia Propane, L.P., the Operating Partnership, the Partnership and the
General Partner dated January 30, 2001.

      Commission:  The Securities and Exchange Commission.

      Complete: A Registered Exchange Offer shall be deemed "COMPLETED" for
purposes of this Agreement upon the occurrence of (i) the filing and
effectiveness under the Act of the Exchange Offer Registration Statement
relating to the Series D Notes to be issued in the Exchange Offer, (ii) the
maintenance of such Registration Statement continuously effective and the
keeping of the Exchange Offer open for a period not less than the minimum period
required pursuant to Section 3(b) hereof, and (iii) the delivery by the Issuers
to the Registrar under the

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Indenture of Series D Notes in the same aggregate principal amount as the
aggregate principal amount of Series C Notes that were tendered by Holders
thereof pursuant to the Exchange Offer, if any.

      Damages Payment Date: With respect to the Series C Notes, each Interest
Payment Date following a Registration Default, and prior to the cure of such
Registration Default.

      Effectiveness Target Date:  As defined in Section 5.

      Exchange Act:  The Securities Exchange Act of 1934, as amended.

      Exchange Offer: An offer by the Issuers made pursuant to a Registration
Statement under the Act to the Holders of all outstanding Transfer Restricted
Securities to exchange all such outstanding Transfer Restricted Securities held
by such Holders for Series D Notes in an aggregate principal amount equal to the
aggregate principal amount of the Transfer Restricted Securities tendered in
such exchange offer by such Holders.

      Exchange Offer Registration Statement: The Registration Statement relating
to the Exchange Offer, including the related prospectus.

      Exempt Resales: The transactions in which the Initial Purchasers propose
to sell the Series C Notes to certain "qualified institutional buyers," as such
term is defined in Rule 144A under the Act and to persons permitted to purchase
the Series C Notes in offshore transactions in reliance upon Regulation S under
the Securities Act (each, a "REGULATION S PURCHASER").

      Holders:  As defined in Section 2(b) hereof.

      Indemnified Holder:  As defined in Section 8(a) hereof.

      Indenture: The Indenture, dated April 4, 2001, between the Partnership,
Finance Corp. and First Union National Bank, as trustee (the "TRUSTEE"),
pursuant to which the Series C Notes and the Series D Notes are to be issued, as
such Indenture is amended or supplemented from time to time in accordance with
the terms thereof.

      Initial Purchaser:  As defined in the preamble hereto.

      Interest Payment Date: As defined in the Indenture and the Series C Notes.

      NASD:  National Association of Securities Dealers, Inc.

      Notes:  The Series C Notes and the Series D Notes.

      Person: An individual, partnership, corporation, limited liability
company, joint venture, association, joint stock company, charitable foundation,
trust, unincorporated organization, or a government or any agency or political
subdivision thereof or any other entity.

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      Prospectus: The prospectus included in a Registration Statement, as
amended or supplemented by any prospectus supplement and by all other amendments
thereto, including post-effective amendments, and all material incorporated by
reference into such Prospectus.

      Purchase Agreement:  As defined in the preamble hereto.

      Record Holder: With respect to any Damages Payment Date relating to Notes,
each Person who is a Holder of Notes on the record date with respect to the
Interest Payment Date on which such Damages Payment Date shall occur.

      Registration Default:  As defined in Section 5 hereof.

      Registration Statement: Any registration statement of the Issuers relating
to (a) an offering of Series C Notes pursuant to an Exchange Offer or (b) the
registration for resale of Transfer Restricted Securities pursuant to the Shelf
Registration Statement, which is filed pursuant to the provisions of this
Agreement, in each case, including the Prospectus included therein, all
amendments and supplements thereto (including post-effective amendments) and all
exhibits and material incorporated by reference therein.

      Series C Notes:  As defined in the preamble hereto.

      Series D Notes: The Issuers' Series D Notes Due 2006 to be issued pursuant
to the Indenture in the Exchange Offer.

      Shelf Filing Deadline:  As defined in Section 4 hereof.

      Shelf Registration Statement:  As defined in Section 4 hereof.

      TIA: The Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb) as
amended from time to time.

      Transfer Restricted Securities: Each Note, until the earliest to occur of
(a) the date on which such Note has been exchanged by a Person other than a
Broker-Dealer for a Series D Note in the Exchange Offer, (b) following the
exchange by a Broker-Dealer in the Exchange Offer of a Series C Note for a
Series D Note, the date on which such Series D Note is sold to a purchaser who
receives from such Broker-Dealer on or prior to the date of such sale a copy of
the prospectus contained in the Exchange Offer Registration Statement, (c) the
date on which such security has been effectively registered under the Act and
disposed of in accordance with the Shelf Registration Statement, and (d) the
date on which such Note can be distributed pursuant to Rule 144 under the Act.

      Underwritten Registration or Underwritten Offering: A registration of
securities under the Act pursuant to which securities of the Issuers are sold to
an underwriter for reoffering to the public.

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SECTION 2. SECURITIES SUBJECT TO THIS AGREEMENT

      (a)   Transfer Restricted Securities. The securities entitled to the
benefits of this Agreement are the Transfer Restricted Securities.

      (b)   Holders of Transfer Restricted Securities. A Person is deemed to be
a holder of Transfer Restricted Securities (each, a "HOLDER") whenever such
Person owns Transfer Restricted Securities.

SECTION 3. REGISTERED EXCHANGE OFFER

      (a)   Unless the Exchange Offer shall not be permissible under applicable
law or Commission policy (after the procedures set forth in Section 6(a) below
have been complied with), the Issuers and the General Partner shall

            (i) cause to be filed with the Commission as soon as practicable
after the Closing Date, but no later than the earlier to occur of (1) 90 days
after the Columbia Propane Acquisition or (2) 120 days after Closing Date, the
Exchange Offer Registration Statement,

            (ii) use reasonable efforts to cause the Exchange Offer Registration
Statement to become effective at the earliest possible time, but no later than
the earlier to occur of (1) 150 days after the Columbia Propane Acquisition or
(2) 180 days after the Closing Date,

            (iii) in connection with the foregoing, (A) cause to be filed all
pre-effective amendments to the Exchange Offer Registration Statement as may be
necessary in order to cause the Exchange Offer Registration Statement to become
effective, (B) if applicable, cause to be filed a post-effective amendment to
the Exchange Offer Registration Statement pursuant to Rule 430A under the Act
and (C) cause all necessary filings in connection with the registration and
qualification of the Series D Notes to be made under the Blue Sky laws of such
jurisdictions as are necessary to permit Completion of the Exchange Offer, and

            (iv) upon the effectiveness of the Exchange Offer Registration
Statement, commence the Exchange Offer. The Exchange Offer Registration
Statement shall be on the appropriate form permitting registration of the Series
D Notes to be offered in exchange for the Transfer Restricted Securities and to
permit resales of Notes held by Broker-Dealers as contemplated by Section 3(c)
below,

provided that if the Issuers and General Partner have not consummated the
Exchange Offer on or prior to the earlier to occur of (A) 180 days after the
Columbia Propane Acquisition or (B) 210 days after the Closing Date, then the
Issuers and General Partner will file the Shelf Registration Statement with the
Commission on or prior to (y) the 181st day after the Columbia Propane
Acquisition or (z) the 211th day after the Closing Date, whichever is earlier.
The Issuers and General Partner will use their reasonable efforts to keep such
Shelf Registration Statement continuously effective, supplemented and amended
until the third anniversary of the Closing

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Date or a shorter period that will terminate when all of the securities covered
by the Shelf Registration Statement have been sold pursuant to the Shelf
Registration Statement or are eligible for resale without any volume
restrictions under Rule 144 of the Act.

      (b)   The Issuers and the General Partner shall cause the Exchange Offer
Registration Statement to be effective continuously and shall keep the Exchange
Offer open for a period of not less than the minimum period required under
applicable federal and state securities laws to Complete the Exchange Offer;
provided, however, that in no event shall such period be less than 20 Business
Days. The Issuers and the General Partner shall use reasonable efforts to cause
the Exchange Offer to comply with all applicable federal and state securities
laws. The Issuers and the General Partner shall use reasonable efforts to cause
the Exchange Offer to be Completed on the earliest practicable date after the
Exchange Offer Registration Statement has become effective, but in no event
later than 10 Business Days following the expiration of the period during which
the Exchange Offer is open.

      (c)   The Issuers shall indicate in a "Plan of Distribution" section
contained in the Prospectus contained in the Exchange Offer Registration
Statement that any Broker-Dealer who holds Series C Notes that are Transfer
Restricted Securities and that were acquired for its own account as a result of
market-making activities or other trading activities (other than Transfer
Restricted Securities acquired directly from the Issuers), may exchange such
Series C Notes pursuant to the Exchange Offer; however, such Broker-Dealer may
be deemed to be an "underwriter" within the meaning of the Act and must,
therefore, deliver a prospectus meeting the requirements of the Act in
connection with any resales of the Series D Notes received by such Broker-Dealer
in the Exchange Offer, which prospectus delivery requirement may be satisfied by
the delivery by such Broker-Dealer of the Prospectus contained in the Exchange
Offer Registration Statement. Such "Plan of Distribution" section shall also
contain all other information with respect to such resales by Broker-Dealers
that the Commission may require in order to permit such resales pursuant
thereto, but such "Plan of Distribution" shall not name any such Broker-Dealer
or disclose the amount of Notes held by any such Broker-Dealer except to the
extent required by the Commission as a result of a change in policy after the
date of this Agreement.

      The Issuers and the General Partner shall use reasonable efforts to keep
the Exchange Offer Registration Statement continuously effective, supplemented
and amended as required by the provisions of Section 6(c) below to the extent
necessary to ensure that it is available for resales of Notes acquired by
Broker-Dealers for their own accounts as a result of market-making activities or
other trading activities, and to ensure that it conforms with the requirements
of this Agreement, the Act and the policies, rules and regulations of the
Commission as announced from time to time, for a period of 180 days from the
date on which the Exchange Offer Registration Statement is declared effective.

      The Issuers shall provide a reasonable number of copies of the latest
version of such Prospectus to Broker-Dealers promptly upon request at any time
during such 180 day period in order to facilitate such resales.

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SECTION 4. SHELF REGISTRATION

      (a)   Shelf Registration. If (i) the Issuers are not required to file an
Exchange Offer Registration Statement or to consummate the Exchange Offer
because the Exchange Offer is not permitted by applicable law or Commission
policy (after the procedures set forth in Section 6(a) below have been complied
with) or (ii) if any Holder of Transfer Restricted Securities shall notify the
Issuers, the Operating Partnership or the General Partner prior to the
Completion of the Exchange Offer (A) that such Holder is prohibited by
applicable law or Commission policy from participating in the Exchange Offer, or
(B) that such Holder may not resell the Series D Notes acquired by it in the
Exchange Offer to the public without delivering a prospectus and that the
Prospectus contained in the Exchange Offer Registration Statement is not
appropriate or available for such resales by such Holder, or (C) that such
Holder is a Broker-Dealer and holds Series C Notes acquired directly from the
Issuers or one of their affiliates, then the Issuers and the General Partner
shall

            (x)   cause to be filed a shelf registration statement pursuant to
      Rule 415 under the Act, which may be an amendment to the Exchange Offer
      Registration Statement (in either event, the "SHELF REGISTRATION
      STATEMENT") on or prior to the earlier to occur of (1) the 30th day after
      the date on which the Issuers determine that they are not required to file
      the Exchange Offer Registration Statement, and (2) the 30th day after the
      date on which the Issuers receive notice from a Holder of Transfer
      Restricted Securities as contemplated by clause (ii) above (such earlier
      date being the "SHELF FILING DEADLINE"), which Shelf Registration
      Statement shall provide for resales of all Transfer Restricted Securities
      the Holders of which shall have provided the information required pursuant
      to Section 4(b) hereof; and

            (y)   use reasonable efforts to cause such Shelf Registration
      statement to be declared effective by the Commission on or before the 90th
      day after the Shelf Filing Deadline.

The Issuers and the General Partner shall use reasonable efforts to keep such
Shelf Registration Statement continuously effective, supplemented and amended as
required by the provisions of Sections 6(b) and (c) hereof to the extent
necessary to ensure that it is available for resales of Notes by the Holders of
Transfer Restricted Securities entitled to the benefit of this Section 4(a), and
to ensure that it conforms with the requirements of this Agreement, the Act and
the policies, rules and regulations of the Commission as announced from time to
time, for a period of at least three years following the effective date thereof
or such shorter period that will terminate when all Notes covered by the Shelf
Registration Statement have been sold pursuant to the Shelf Registration
Statement or are eligible for resale without any volume restrictions under Rule
144 under the Act.

      (b)   Provision by Holders of Certain Information in Connection with the
Shelf Registration Statement. No Holder of Transfer Restricted Securities may
include any of its Transfer Restricted Securities in any Shelf Registration
Statement pursuant to this Agreement

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unless and until such Holder furnishes to the Issuers in writing, within 10
Business Days after receipt of a request therefor, such information as the
Issuers may reasonably request for use in connection with any Shelf Registration
Statement or Prospectus or preliminary Prospectus included therein. No Holder of
Transfer Restricted Securities shall be entitled to Liquidated Damages pursuant
to Section 5 hereof unless and until such Holder shall have provided all such
reasonably requested information. Each Holder as to which any Shelf Registration
Statement is being effected agrees to furnish promptly to the Issuers all
information required to be disclosed in order to make the information previously
furnished to the Issuers by such Holder not materially misleading.

SECTION 5. LIQUIDATED DAMAGES

      If (i) any of the Registration Statements required by this Agreement is
not filed with the Commission on or prior to the date specified for such filing
in this Agreement, (ii) any of such Registration Statements has not been
declared effective by the Commission on or prior to the date specified for such
effectiveness in this Agreement (the "EFFECTIVENESS TARGET DATE"), (iii) the
Exchange Offer has not been Completed within 30 Business Days after the
Effectiveness Target Date with respect to the Exchange Offer Registration
Statement, (iv) the Exchange Offer Registration Statement required by this
Agreement is flied and declared effective but shall thereafter cease to be
effective or fail to be usable for its intended purpose for a period of 14
consecutive days without being succeeded by a post-effective amendment thereto
that is itself declared effective or (v) the Shelf Registration Statement, if
required by this Agreement, is filed and declared effective but shall thereafter
cease to be effective or fail to be usable for its intended purpose for a period
of 30 consecutive days without being succeeded by a post-effective amendment
thereto that is itself declared effective (each such event referred to in
clauses (i) through (v), a "REGISTRATION DEFAULT"), the Issuers, the Operating
Partnership and the General Partner hereby jointly and severally agree to pay
liquidated damages to each Holder of Transfer Restricted Securities with respect
to the first 90-day period immediately following the occurrence of such
Registration Default, in an amount equal to $0.05 per week per $1,000 principal
amount of Transfer Restricted Securities held by such Holder for each week or
portion thereof that the Registration Default continues. The amount of the
liquidated damages shall increase by an additional $0.05 per week per $1,000 in
principal amount of Transfer Restricted Securities with respect to each
subsequent 90-day period until such Registration Default has been cured, up to a
maximum amount of liquidated damages of $0.20 per week per $1,000 principal
amount of Transfer Restricted Securities. All accrued liquidated damages shall
be paid by the Issuers, in respect of the Global Note only, to the Record Holder
thereof by wire transfer of immediately available funds or by federal funds
check on each Damages Payment Date, and to other Record Holders as provided in
the Indenture. Following the cure of any Registration Defaults relating to any
particular Transfer Restricted Securities, the accrual of liquidated damages
with respect to such Transfer Restricted Securities will cease.

      All obligations of the Issuers set forth in the preceding paragraph that
are outstanding with respect to any Transfer Restricted Security at the time
such security ceases to be a Transfer

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Restricted Security shall survive until such time as all such obligations with
respect to such Security shall have been satisfied in full.

SECTION 6. REGISTRATION PROCEDURES

      (a)   Exchange Offer Registration Statement. In connection with the
Exchange Offer, the Issuers, the Operating Partnership and the General Partner
shall comply with all of the provisions of Section 6(c) below, shall use their
best efforts to effect such exchange to permit the sale of Transfer Restricted
Securities being sold in accordance with the intended method or methods of
distribution thereof, and shall comply with all of the following provisions:

            (i)   As a condition to its participation in the Exchange Offer
      pursuant to the terms of this Agreement, each Holder of Transfer
      Restricted Securities shall furnish, prior to the Completion thereof, a
      written representation to the Issuers (which may be contained in the
      letter of transmittal contemplated by the Exchange Offer Registration
      Statement) to the effect that (A) it is not an affiliate of the Issuers,
      as defined in Rule 405 under the Act, (B) it is not engaged in, and does
      not intend to engage in, and has no arrangement or understanding with any
      person to participate in, a distribution of the Series D Notes to be
      issued in the Exchange Offer and (C) it is acquiring the Series D Notes in
      its ordinary course of business. In addition, all such Holders of Transfer
      Restricted Securities shall otherwise cooperate in the Issuers'
      preparations for the Exchange Offer. Each Holder hereby acknowledges and
      agrees that any Broker-Dealer and any such Holder using the Exchange Offer
      to participate in a distribution of the securities to be acquired in the
      Exchange Offer (1) could not under Commission policy as in effect on the
      date of this Agreement rely on the position of the Commission enunciated
      in Morgan Stanley and Co., Inc. (available June 5, 1991) and Exxon Capital
      Holdings Corporation (available May 13, 1988), as interpreted in the
      Commission's letter to Shearman & Sterling dated July 2, 1993, and similar
      no-action letters (including any no-action letter obtained pursuant to
      clause (i) above), and (2) must comply with the registration and
      prospectus delivery requirements of the Act in connection with a secondary
      resale transaction and that such a secondary resale transaction should be
      covered by an effective registration statement containing the selling
      security holder information required by Item 507 or 508, as applicable, of
      Regulation S-K if the resales are of Series D Notes obtained by such
      Holder in exchange for Notes acquired by such Holder directly from the
      Issuers.

            (ii)  Prior to effectiveness of the Exchange Offer Registration
      Statement, the Issuers shall, if requested by the staff of the Commission,
      provide a supplemental letter to the Commission (A) stating that the
      Issuers are registering the Exchange Offer in reliance on the position of
      the Commission enunciated in Exxon Capital Holdings Corporation (available
      May 13, 1988), Morgan Stanley and Co., Inc. (available June 5, 1991) and,
      if applicable, any no-action letter obtained pursuant to clause (i) above
      and (B) including a representation that the Issuers have not entered into
      any arrangement or understanding with any Person to distribute the Series
      D Notes to be received in the Exchange Offer and

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      that, to the best of the Issuers' information and belief, each Holder
      participating in the Exchange Offer is acquiring the Series D Notes in its
      ordinary course of business and has no arrangement or understanding with
      any Person to participate in the distribution of the Series D Notes
      received in the Exchange Offer.

      (b)   Shelf Registration Statement. In connection with the Shelf
Registration Statement, the Issuers and the General Partner shall comply with
all the provisions of Section 6(c) below and shall use reasonable efforts to
effect such registration to permit the sale of the Transfer Restricted
Securities being sold in accordance with the intended method or methods of
distribution thereof, and pursuant thereto the Issuers will as expeditiously as
possible prepare and file with the Commission a Registration Statement relating
to the registration on any appropriate form under the Act, which form shall be
available for the sale of the Transfer Restricted Securities in accordance with
the intended method or methods of distribution thereof.

      (c)   General Provisions. In connection with any Registration Statement
and any Prospectus required by this Agreement to permit the sale or resale of
Transfer Restricted Securities (including, without limitation, any Registration
Statement and the related Prospectus required to permit resales of Notes by
Broker-Dealers), the Issuers shall and the General Partner shall cause the
Issuers to:

            (i)   use reasonable efforts to keep such Registration Statement
      continuously effective; upon the occurrence of any event that would cause
      any such Registration Statement or the Prospectus contained therein (A) to
      contain a material misstatement or omission or (B) not to be effective and
      usable for resale of Transfer Restricted Securities during the period
      required by this Agreement, the Issuers shall file as soon as reasonably
      practicable an appropriate amendment to such Registration Statement, in
      the case of clause (A), correcting any such misstatement or omission, and,
      in the case of either clause (A) or (B), use reasonable efforts to cause
      such amendment to be declared effective and such Registration Statement
      and the related Prospectus to become usable for their intended purpose(s)
      as soon as practicable thereafter;

            (ii)  prepare and file with the Commission such amendments and
      post-effective amendments to the Registration Statement as may be
      necessary to keep the Registration Statement effective for the applicable
      period set forth in Section 3 or 4 hereof, as applicable, or such shorter
      period as will terminate when all Transfer Restricted Securities covered
      by such Registration Statement have been sold; cause the Prospectus to be
      supplemented by any required Prospectus supplement, and as so supplemented
      to be filed pursuant to Rule 424 under the Act, and to comply fully with
      the applicable provisions of Rules 424 and 430A under the Act in a timely
      manner; and comply with the provisions of the Act with respect to the
      disposition of all securities covered by such Registration Statement
      during the applicable period in accordance with the intended method or
      methods of distribution by the sellers thereof set forth in such
      Registration Statement or supplement to the Prospectus;

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            (iii) with respect to any Shelf Registration Statement, advise the
      underwriter(s), if any, named in the applicable Prospectus, and selling
      Holders named in the applicable Prospectus promptly and, if requested by
      such Persons, to confirm such advice in writing, (A) when the Prospectus
      or any Prospectus supplement or post-effective amendment has been filed,
      and, with respect to any Registration Statement or any post-effective
      amendment thereto, when the same has become effective, (B) of any request
      by the Commission for amendments to the Registration Statement or
      amendments or supplements to the Prospectus or for additional information
      relating thereto, (C) of the issuance by the Commission of any stop order
      suspending the effectiveness of the Registration Statement under the Act
      or of the suspension by any state securities commission of the
      qualification of the Transfer Restricted Securities for offering or sale
      in any jurisdiction, or the initiation of any proceeding for any of the
      preceding purposes, (D) of the existence of any fact or the happening of
      any event that makes any statement of a material fact made in the
      Registration Statement, the Prospectus, any amendment or supplement
      thereto, or any document incorporated by reference therein untrue, or that
      requires the making of any additions to or changes in the Registration
      Statement or the Prospectus in order to make the statements therein not
      misleading. If at any time the Commission shall issue any stop order
      suspending the effectiveness of the Registration Statement, or any state
      securities commission or other regulatory authority shall issue an order
      suspending the qualification or exemption from qualification of the
      Transfer Restricted Securities under state securities or Blue Sky laws,
      the Issuers, the Operating Partnership and the General Partner shall use
      reasonable efforts to obtain the withdrawal or lifting of such order as
      soon as practicable;

            (iv)  with respect to any Shelf Registration Statement, furnish to
      each of the selling Holders and each of the underwriter(s), if any, before
      filing with the Commission, copies of any Registration Statement or any
      Prospectus included therein or any amendments or supplements to any such
      Registration Statement or Prospectus (including all documents incorporated
      by reference after the initial filing of such Registration Statement);

            (v)   in connection with any Shelf Registration Statement required
      by this Agreement, make available at reasonable times for inspection by
      the selling Holders, any underwriter participating in any disposition
      pursuant to such Registration Statement, and any attorney or accountant
      retained by such selling Holders or any of the underwriter(s), all
      financial and other records, pertinent corporate documents and properties
      of the Issuers and cause the officers, directors and employees of Finance
      Corp. and the General Partner to supply all information reasonably
      requested by any such Holder, underwriter, attorney or accountant in
      connection with such Registration Statement subsequent to the filing
      thereof and prior to its effectiveness;

            (vi)  with respect to any Shelf Registration Statement, if
      reasonably requested by any selling Holders or the underwriter(s), if any,
      promptly incorporate in any Registration Statement or Prospectus, pursuant
      to a supplement or post-effective

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      amendment if necessary, such information as such selling Holders and
      underwriter(s), if any, may reasonably request to have included therein,
      including, without limitation, information relating to the "Plan of
      Distribution" of the Transfer Restricted Securities, information with
      respect to the principal amount of Transfer Restricted Securities being
      sold to such underwriter(s), the purchase price being paid therefor and
      any other terms of the offering of the Transfer Restricted Securities to
      be sold in such offering; and make all required filings of such Prospectus
      supplement or post-effective amendment as soon as practicable after an
      Issuer is notified of the matters to be incorporated in such Prospectus
      supplement or post-effective amendment;

            (vii) cause the Transfer Restricted Securities covered by the
      Registration Statement to be rated with the appropriate rating agencies
      within 30 days of issuance or as soon thereafter as practicable;

            (viii) with respect to any Shelf Registration Statement, furnish to
      each selling Holder and each of the underwriter(s), if any, without
      charge, at least one copy of the Registration Statement, as first filed
      with the Commission, and of each amendment thereto, including all
      documents incorporated by reference therein and all exhibits (including
      exhibits incorporated therein by reference);

            (ix)  with respect to any Shelf Registration Statement, deliver to
      each selling Holder and each of the underwriter(s), if any, without
      charge, as many copies of the Prospectus (including each preliminary
      prospectus) and any amendment or supplement thereto as such Persons
      reasonably may request; the Issuers hereby consent to the use of the
      Prospectus and any amendment or supplement thereto by each of the selling
      Holders and each of the underwriter(s), if any, in connection with the
      offering and the sale of the Transfer Restricted Securities covered by the
      Prospectus or any amendment or supplement thereto;

            (x)   in connection with any underwritten public offering effected
      pursuant to a Shelf Registration Statement, and together with the General
      Partner, enter into such agreements (including an underwriting agreement)
      in form and substance satisfactory to each of them, and make such
      representations and warranties in form and substance satisfactory to each
      of them, and take all such other actions in connection therewith in order
      to expedite or facilitate the disposition of the Transfer Restricted
      Securities pursuant to any Registration Statement contemplated by this
      Agreement, all to such extent as may be reasonably requested by any
      Initial Purchaser or by any Holder of Transfer Restricted Securities or
      underwriter in connection with any sale or resale pursuant to any
      Registration Statement contemplated by this Agreement; the Issuers and the
      General Partner shall:

                  (a)   furnish to each Initial Purchaser, each selling Holder
            and each underwriter, if any, in such substance and scope as they
            may request and as are customarily made by issuers to underwriters
            in primary underwritten offerings,

                                       12
<PAGE>
            upon the date of the Completion of the Exchange Offer and, if
            applicable, the effectiveness of the Shelf Registration Statement:

                        (1)   a certificate, dated the date of Completion of the
                  Exchange Offer or the date of effectiveness of the Shelf
                  Registration Statement, as the case may be, signed by (y) the
                  President or any Vice President of the General Partner and
                  Finance Corp. and (z) a principal financial or accounting
                  officer of the General Partner confirming, as of the date
                  thereof, the matters set forth in paragraphs (a), (b), (c) and
                  (d) of Section 7 of the Purchase Agreement;

                        (2)   an opinion dated the date of Completion of the
                  Exchange Offer or the date of effectiveness of the Shelf
                  Registration Statement, as the case may be, of counsel for the
                  Issuers covering the matters customarily covered in opinions
                  requested in similar underwritten offerings and such other
                  matters as such parties may reasonably request, and in any
                  event including a statement to the effect that such counsel
                  has participated in conferences with directors, officers and
                  other representatives of the Issuers and the General Partner,
                  representatives of the independent public accountants for the
                  Issuers, the Operating Partnership and the General Partner,
                  the Initial Purchasers' representatives and the Initial
                  Purchasers' counsel's representatives in connection with the
                  preparation of such Registration Statement and the related
                  Prospectus at which conferences the contents of and related
                  matters were discussed, and that although such counsel has not
                  independently verified and need not pass upon, or assume
                  responsibility for, the accuracy, completeness or fairness of
                  statements contained in the Registration Statement and
                  Prospectus (except to the extent specified in the foregoing
                  opinion), no facts have come to such counsel's attention which
                  lead such counsel to believe that the applicable Registration
                  Statement, on the effective date thereof or the date any
                  post-effective amendment thereto became effective and, in the
                  case of the Exchange Offer Registration Statement, as of the
                  date of Completion, contained an untrue statement of a
                  material fact or omitted to state a material fact required to
                  be stated therein or necessary to make the statements
                  contained therein not misleading or that the Prospectus
                  contained in such Registration Statement, on the date thereof,
                  and in the case of the opinion dated the date of Completion of
                  the Exchange Offer, as of the date of Completion, contained or
                  contains an untrue statement of a material fact or omitted or
                  omits to state a material fact required to be stated therein
                  or necessary to make the statements contained therein, in
                  light of the circumstances under which they were made, not
                  misleading (it being understood that such counsel need not
                  express any view with respect to the financial statements and
                  related notes,

                                       13
<PAGE>
                  the financial statement schedules and the other financial,
                  statistical and accounting data included in the Registration
                  Statement contemplated by this Agreement or the related
                  Prospectus); and

                        (3)   a customary comfort letter, dated as of the date
                  of Completion of the Exchange Offer or the date of
                  effectiveness of the Shelf Registration Statement, as the case
                  may be, from the Issuers' independent accountants, in the
                  customary form and covering matters of the type customarily
                  covered in comfort letters by underwriters in connection with
                  primary underwritten offerings, and affirming the matters set
                  forth in the comfort letters delivered pursuant to Section
                  7(h) of the Purchase Agreement, without exception;

                  (b)   set forth in full or incorporate by reference in the
            purchase agreement, if any, the indemnification provisions and
            procedures of Section 8 hereof with respect to all parties to be
            indemnified pursuant to said Section; and

                  (c)   deliver such other documents and certificates as may be
            reasonably requested by such parties to evidence compliance with
            clause (A) above and with any customary conditions contained in the
            underwriting agreement or other agreement entered into by the
            Issuers, the Operating Partnership and the General Partner pursuant
            to this clause (x), if any.

            If at any time the representations and warranties of the Issuers or
      the General Partner contemplated in clause (A)(1) above cease to be true
      and correct, the Issuers shall so advise the Initial Purchasers and the
      underwriter(s), if any, and each selling Holder promptly and, if requested
      by such Persons, shall confirm such advice in writing;

            (xi)  prior to any public offering of Transfer Restricted
      Securities, cooperate with the selling Holders, the underwriter(s), if
      any, and their respective counsel in connection with the registration and
      qualification of the Transfer Restricted Securities under the securities
      or Blue Sky laws of such jurisdictions as the selling Holders or
      underwriter(s) may request and do any and all other acts or things
      necessary or advisable to enable the disposition in such jurisdictions of
      the Transfer Restricted Securities covered by the Shelf Registration
      Statement; provided, however, that the Issuers shall not be required to
      register or qualify as a foreign corporation where they are not now so
      qualified or to take any action that would subject them to the service of
      process in suits or to taxation, other than as to matters and transactions
      relating to the Registration Statement, in any jurisdiction where they are
      not now so subject;

            (xii) shall issue, upon the request of any Holder of Series C Notes
      covered by the Shelf Registration Statement, Series D Notes, having an
      aggregate principal amount equal to the aggregate principal amount of
      Series C Notes surrendered to the Issuers by such Holder in exchange
      therefor or being sold by such Holder; such Series D Notes to be

                                       14
<PAGE>
      registered in the name of such Holder or in the name of the purchaser(s)
      of such Notes, as the case may be; in return, the Series C Notes held by
      such Holder shall be surrendered to the Issuers for cancellation;

            (xiii) cooperate with the selling Holders and the underwriter(s), if
      any, to facilitate the timely preparation and delivery of certificates
      representing Transfer Restricted Securities to be sold and not bearing any
      restrictive legends; and enable such Transfer Restricted Securities to be
      in such denominations and registered in such names as the Holders or the
      underwriter(s), if any, may request at least two Business Days prior to
      any sale of Transfer Restricted Securities made by such underwriter(s);

            (xiv) if any fact or event contemplated by clause (c)(iii)(D) above
      shall exist or have occurred, prepare a supplement or post-effective
      amendment to the Registration Statement or related Prospectus or any
      document incorporated therein by reference or file any other required
      document so that, as thereafter delivered to the purchasers of Transfer
      Restricted Securities, the Prospectus will not contain an untrue statement
      of a material fact or omit to state any material fact necessary to make
      the statements therein not misleading;

            (xv)  provide a CUSIP number for all Transfer Restricted Securities
      not later than the effective date of the Registration Statement and
      provide the Trustee under the Indenture with printed certificates for the
      Transfer Restricted Securities which are in a form eligible for deposit
      with the Depositary Trust Company;

            (xvi) cooperate and assist in any filings required to be made with
      the NASD and in the performance of any due diligence investigation by any
      underwriter (including any "qualified independent underwriter") that is
      required to be retained in accordance with the rules and regulations of
      the NASD, and use their reasonable best efforts to cause such Registration
      Statement to become effective and approved by such governmental agencies
      or authorities as may be necessary to enable the Holders selling Transfer
      Restricted Securities to consummate the disposition of such Transfer
      Restricted Securities;

            (xvii) otherwise use their best efforts to comply with all
      applicable rules and regulations of the Commission, and make generally
      available to their security holders, as soon as practicable, a
      consolidated earnings statement meeting the requirements of Rule 158
      (which need not be audited) for the twelve-month period (A) commencing at
      the end of any fiscal quarter in which Transfer Restricted Securities are
      sold to underwriters in a firm or best efforts Underwritten Offering or
      (B) if not sold to underwriters in such an offering, beginning with the
      first month of the Issuers' first fiscal quarter commencing after the
      effective date of the Registration Statement;

            (xviii) cause the Indenture to be qualified under the TIA not later
      than the effective date of the first Registration Statement required by
      this Agreement, and, in connection therewith, cooperate with the Trustee
      and the Holders of Notes to effect such

                                       15
<PAGE>
      changes to the Indenture as may be required for such Indenture to be so
      qualified in accordance with the terms of the TIA; and execute and use its
      best efforts to cause the Trustee to execute, all documents that may be
      required to effect such changes and all other forms and documents required
      to be filed with the Commission to enable such Indenture to be so
      qualified in a timely manner; and

            (xix) provide promptly to each Holder upon request each document
      previously filed by the Issuers with the Commission pursuant to the
      requirements of Section 13 and Section 15 of the Act.

      Each Holder agrees by acquisition of a Transfer Restricted Security that,
upon receipt of any notice from the Issuers of the existence of any fact of the
kind described in Section 6(c)(iii)(D) hereof, such Holder will forthwith
discontinue disposition of Transfer Restricted Securities pursuant to the
applicable Registration Statement until such Holder's receipt of the copies of
the supplemented or amended Prospectus contemplated by Section 6(c)(ii) hereof,
or until it is advised in writing (the "ADVICE") by the Issuers that the use of
the Prospectus may be resumed, and has received copies of any additional or
supplemental filings that are incorporated by reference in the Prospectus. If so
directed by the Issuers, each Holder will deliver to the Issuers (at the
Issuers' expense) all copies, other than permanent file copies then in such
Holder's possession, of the Prospectus covering such Transfer Restricted
Securities that was current at the time of receipt of such notice. In the event
the Issuers shall give any such notice, the time period regarding the
effectiveness of such Registration Statement set forth in Section 3 or 4 hereof,
as applicable, shall be extended by the number of days during the period from
and including the date of the giving of such notice pursuant to Section
6(c)(iii)(D) hereof to and including the date when each selling Holder covered
by such Registration Statement shall have received the copies of the
supplemented or amended Prospectus contemplated by Section 6(c)(xvi) hereof or
shall have received the Advice.

SECTION 7. REGISTRATION EXPENSES

      (a)   All expenses incident to the performance of or compliance with this
Agreement by the Issuers and the General Partner will be borne by the Issuers
and the General Partner, jointly and severally, regardless of whether a
Registration Statement becomes effective, including without limitation: (i) all
registration and filing fees and expenses (including filings made by any Initial
Purchaser or Holder with the NASD (and, if applicable, the fees and expenses of
any "qualified independent underwriter" and its counsel that may be required by
the rules and regulations of the NASD)); (ii) all fees and expenses of
compliance with federal securities and state Blue Sky or securities laws
(including the reasonable fees, expenses and disbursements of counsel relating
to the preparation, printing or reproduction, and delivery of the preliminary
and supplemental Blue Sky Memorandum and such registration and qualification);
(iii) all expenses of printing (including printing certificate for the Series D
Notes to be issued in the Exchange Offer and printing of Prospectuses),
messenger and delivery services and telephone; (iv) all fees and disbursements
of counsel for the Issuers and, subject to Section 7(b) below, the Holders of
Transfer Restricted Securities; and (v) all fees and disbursements of

                                       16
<PAGE>
independent certified public accountants of the Issuers (including the expenses
of any special audit and comfort letters required by or incident to such
performance); provided, however, that in an underwritten offering, neither the
Issuers nor the General Partner shall be responsible for any fees and expenses
of any underwriter including any underwriting discounts and commissions or any
legal fees and expenses of counsel to the underwriters.

      The Issuers, the Operating Partnership and the General Partner will, in
any event, bear their internal expenses (including, without limitation, all
salaries and expenses of the officers and employees of Finance Corp. and the
General Partner performing legal or accounting duties), the expenses of any
annual audit and the fees and expenses of any Person, including special experts,
retained by the Issuers, the Operating Partnership and the General Partner.

      It is understood that, except as otherwise provided in this Agreement, the
Initial Purchasers will pay all their own costs and expenses, including the fees
of their counsel, transfer taxes on any resale of the Series C Notes by either
Initial Purchaser and any advertising expenses connected with any offer they may
make and the transportation and other expenses incurred by the Initial
Purchasers in connection with presentations to prospective purchasers of the
Series C Notes.

      (b)   In connection with any Registration Statement required by this
Agreement (including, without limitation, the Exchange Offer Registration
Statement and the Shelf Registration Statement), the Issuers, the Operating
Partnership and the General Partner, jointly and severally, will reimburse the
Initial Purchasers and the Holders of Transfer Restricted Securities being
tendered in the Exchange Offer and/or resold pursuant to the "Plan of
Distribution" contained in the Exchange Offer Registration Statement or
registered pursuant to the Shelf Registration Statement, as applicable, for the
reasonable fees and disbursements of not more than one counsel, to be chosen by
the Holders of a majority in principal amount of the Transfer Restricted
Securities for whose benefit such Registration Statement is being prepared.

SECTION 8. INDEMNIFICATION

      (a)   The Issuers, the Operating Partnership and the General Partner,
jointly and severally, agree to indemnify and hold harmless (i) each Holder and
(ii) each person. if any, who controls (within the meaning of Section 15 of the
Act or Section 20 of the Exchange Act) any Holder (any of the persons referred
to in this clause (ii) being hereinafter referred to as a "CONTROLLING PERSON")
and (iii) the respective officers, directors, partners, employees
representatives and agents of any Holder or any controlling person (any person
referred to in clause (i), (ii) or (iii) may hereinafter be referred to as an
"INDEMNIFIED HOLDER"), to the fullest extent lawful, from and against any and
all losses, claims, damages, liabilities, judgments, actions and reasonable
expenses (including without limitation and as incurred, reimbursement of all
reasonable costs of investigating, preparing, pursuing or defending any claim or
action, or any investigation or proceeding by any governmental agency or body,
commenced or threatened, including the reasonable fees and expenses of counsel
to any Indemnified Holder) directly or indirectly caused by, related to, based
upon, arising out of or in connection with any untrue

                                       17
<PAGE>
statement or alleged untrue statement of a material fact contained in any
Registration Statement or Prospectus (or any amendment or supplement thereto),
or any omission or alleged omission to state therein a material fact required to
be stated therein or necessary to make the statements therein not misleading,
except insofar as such losses, claims, damages, liabilities or expenses are
caused by an untrue statement or omission or alleged untrue statement or
omission that is made in reliance upon and in conformity with information
furnished in writing to the Issuers or the General Partner by any of the Holders
expressly for use therein; provided, however, that the indemnification contained
in this paragraph (a) with respect to the preliminary prospectus shall not inure
to the benefit of any Holder (or to the benefit of any person controlling such
Holder) on account of any such loss, claim, damage, liability or expense arising
from the sale of the Notes by such Holder to any person if a copy of a final
prospectus shall not have been delivered or sent to such person within the time
required by the Act and the regulations thereunder for delivery of a prospectus,
and the untrue statement or alleged untrue statement or omission or alleged
omission of a material fact contained in such preliminary prospectus was
corrected in the final prospectus, provided that the Issuers have delivered the
final prospectus to the Holders in reasonably requested quantities and on a
timely basis to permit such delivery or sending. The Issuers, the Operating
Partnership and the General Partner shall notify you promptly of the
institution, threat or assertion of any claim, proceeding (including any
governmental investigation) or litigation in connection with the matters
addressed by this Agreement which involves the Issuers, the Operating
Partnership, the General Partner or an Indemnified Holder.

      In case any action or proceeding (including any governmental investigation
or proceeding) shall be brought or asserted against any of the Indemnified
Holders with respect to which indemnity may be sought against the Issuers, the
Operating Partnership or the General Partner, such Indemnified Holder (or the
Indemnified Holder controlled by such controlling person), shall promptly notify
the Issuers, the Operating Partnership or the General Partner in writing
(provided, that the failure to give such notice shall not relieve the
indemnifying party of its obligations pursuant to this Agreement unless the
indemnifying party is foreclosed by reason of such failure from asserting a
defense otherwise available to it). Such Indemnified Holder shall have the right
to employ separate counsel in any such action, suit or proceeding and to
participate in (but not control) the defense thereof, but the fees and expenses
of such counsel shall be at the expense of such Indemnified Holder, rather than
the Issuers or the General Partner, as the case may be, unless (i) the Issuers
have agreed in writing to pay such fees and expenses, (ii) the Issuers, the
Operating Partnership, and the General Partner have failed to assume the defense
and employ counsel or (iii) the named parties to any such action, suit or
proceeding (including any impleaded parties) include both such Indemnified
Holder and the Issuers, the Operating Partnership, or the General Partner, and
such Indemnified Holder shall have been advised by its counsel that
representation of such Indemnified Holder and the Issuers, the Operating
Partnership, or the General Partner, as the case may be, by the same counsel
would be inappropriate under applicable standards of professional conduct
(whether or not such representation by the same counsel has been proposed) due
to actual or potential differing interests between them (in which case the
Issuers, the Operating Partnership, or the General Partner shall not have the
right to assume the defense of such action, suit or proceeding on behalf

                                       18
<PAGE>
of such Indemnified Holder). Neither the Issuers, the Operating Partnership nor
the General Partner shall, in connection with any one such action or proceeding
or separate but substantially similar or related actions or proceedings in the
same jurisdiction arising out of the same general allegations or circumstances,
be liable for the reasonable fees and expenses of more than one separate firm of
attorneys (in addition to any local counsel) at any time for such Indemnified
Holders, which firm shall be designated by the Holders. The Issuers, the
Operating Partnership and the General Partner shall be liable for any settlement
of any such action or proceeding effected with the indemnifying party's prior
written consent and the Issuers, the Operating Partnership and the General
Partner agree to indemnify and hold harmless any Indemnified Holder from and
against any loss, claim, damage, liability or expense by reason of any
settlement of any action effected with the written consent of the indemnifying
party. Notwithstanding the immediately preceding sentence, if at any time an
Indemnified Holder shall have requested an indemnifying party to reimburse the
Indemnified Holder for fees and expenses of counsel as contemplated by the
second sentence of this paragraph, the indemnifying party agrees that it shall
be liable for any settlement of any proceeding effected without its written
consent (unless such consent has been reasonably withheld) if (i) such
settlement is entered into more than twenty business days after receipt by such
indemnifying party of the aforesaid request and (ii) such indemnifying party
shall not have reimbursed the Indemnified Holder in accordance with such request
prior to the date of such settlement (unless the right to such reimbursement
shall have been previously disputed in good faith). Neither the Issuers, the
Operating Partnership nor the General Partner shall, without the prior written
consent of each Indemnified Holder, settle or compromise or consent to the entry
of judgment in or otherwise seek to terminate any pending or threatened action,
claim, litigation or proceeding in respect of which indemnification or
contribution may be sought hereunder (whether or not any Indemnified Holder is a
party thereto), unless such settlement, compromise, consent or termination
includes a release of each Indemnified Holder from all liability arising out of
such action, claim, litigation or proceeding to at least the same extent as any
release of the Issuers, the Operating Partnership or the General Partner
obtained in connection with such settlement.

      (b)   Each Holder of Transfer Restricted Securities agrees, severally and
not jointly, to indemnify and hold harmless the Issuers, the Operating
Partnership and the General Partner and their respective directors, officers,
partners, employees or representatives, and any person controlling (within the
meaning of Section 15 of the Act or Section 20 of the Exchange Act) the Issuers,
the Operating Partnership and the General Partner, and the respective officers,
directors, partners, employees, representatives and agents of each such person,
to the same extent as the foregoing indemnity from the Issuers, the Operating
Partnership and the General Partner to each of the Indemnified Holders, but only
with respect to claims and actions based on information furnished in writing by
such Holder expressly for use in any Registration Statement. In case any action
or proceeding shall be brought against the Issuers, the Operating Partnership or
the General Partner or the directors or officers of Finance Corp. or the General
Partner or any such controlling person in respect of which indemnity may be
sought against a Holder of Transfer Restricted Securities, such Holder shall
have the rights and duties given the Issuers, the Operating Partnership and the
General Partner or the directors or officers of Finance Corp. or the

                                       19
<PAGE>
General Partner or such controlling person shall have the rights and duties
given to each Holder by the preceding paragraph. In no event shall the liability
of any selling Holder hereunder be greater in amount than the dollar amount of
the proceeds received by such Holder upon the sale of the Registrable Securities
giving rise to such indemnification obligation.

      (c)   If the indemnification provided for in this Section 8 is unavailable
to an indemnified party under Section 8(a) or Section 8(b) hereof (other than by
reason of exceptions provided in those Sections) in respect of any losses,
claims, damages, liabilities or expenses referred to therein, then each
applicable indemnifying party, in lieu of indemnifying such indemnified party,
shall contribute to the amount paid or payable by such indemnified party as a
result of such losses, claims, damages, liabilities or expenses in such
proportion as is appropriate to reflect the relative benefits received by the
Issuers, the Operating Partnership and the General Partner on the one hand and
the Holders on the other hand from their sale of Transfer Restricted Securities
or if such allocation is not permitted by applicable law, the relative fault of
the Issuers, the Operating Partnership and the General Partner on the one hand
and of the Indemnified Holder on the other in connection with the statements or
omissions which resulted in such losses, claims, damages, liabilities or
expenses, as well as any other relevant equitable considerations. The relative
fault of the Issuers, the Operating Partnership and the General Partner on the
one hand and of the Indemnified Holder on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Issuers, the Operating Partnership and
the General Partner or by the Indemnified Holder and the parties' relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. The amount paid or payable by a party as a result of
the losses, claims, damages, liabilities and expenses referred to above shall be
deemed to include, subject to the limitations set forth in the second paragraph
of Section 8(a), any legal or other fees or expenses reasonably incurred by such
party in connection with investigating or defending any action or claim.

      The Issuers, the Operating Partnership and the General Partner and each
Holder of Transfer Restricted Securities agree that it would not be just and
equitable if contribution pursuant to this Section 8(c) were determined by pro
rata allocation (even if the Holders were treated as one entity for such
purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in the immediately preceding paragraph. The
amount paid or payable by an indemnified party as a result of the losses,
claims, damages, liabilities or expenses referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 8, none of the Holders (and its
related Indemnified Holders) shall be required to contribute, in the aggregate,
any amount in excess of the amount by which the total proceeds received by such
Holder with respect to the Series C Notes exceeds the amount of any damages
which such Holder has otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission or alleged omission. No person

                                       20
<PAGE>
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Act) shall be entitled to contribution from any person who was not guilty of
such fraudulent misrepresentation. The Holders' obligations to contribute
pursuant to this Section 8(c) are several in proportion to the respective
principal amount of Series C Notes held by each of the Holders hereunder and not
joint.

SECTION 9. RULE 144A

      The Issuers hereby agree with each Holder, for so long as any Transfer
Restricted Securities remain outstanding, to make available to any Holder or
beneficial owner of Transfer Restricted Securities in connection with any sale
thereof and any prospective purchaser of such Transfer Restricted Securities
from such Holder or beneficial owner, the information required by Rule
144A(d)(4) under the Act in order to permit resales of such Transfer Restricted
Securities pursuant to Rule 144A.

SECTION 10. PARTICIPATION IN UNDERWRITTEN REGISTRATIONS

      No Holder may participate in any Underwritten Registration hereunder
unless such Holder (a) agrees to sell such Holder's Transfer Restricted
Securities on the basis provided in any underwriting arrangements approved by
the Persons entitled under Section 11 hereof to approve such arrangements and
(b) completes and executes all reasonable questionnaires, powers of attorney,
indemnities, underwriting agreements, lock-up letters and other documents
required under the terms of such underwriting arrangements.

SECTION 11. SELECTION OF UNDERWRITERS

      The Holders of Transfer Restricted Securities covered by the Shelf
Registration Statement who desire to do so may sell such Transfer Restricted
Securities in an Underwritten Offering. In any such Underwritten Offering, the
investment banker or investment bankers and manager or managers that will
administer the offering will be selected by the Holders of a majority in
aggregate principal amount of the Transfer Restricted Securities included in
such offering; provided, that such investment bankers and managers must be
reasonably satisfactory to the Issuers, it being understood that the Issuers may
reasonably object to any underwriter if the selection of such underwriter would
require the engagement of a "qualified independent underwriter" under the rules
and regulations of the NASD.

SECTION 12. MISCELLANEOUS

      (a)   No Inconsistent Agreements. Neither the Issuers, the Operating
Partnership nor the General Partner will on or after the date of this Agreement
enter into any agreement with respect to its securities that is inconsistent
with the rights granted to the Holders in this Agreement or otherwise conflicts
with the provisions hereof. The rights granted to the Holders hereunder do not
in any way conflict with and are not inconsistent with the rights granted to the
holders of the Issuers' securities under any agreement in effect on the date
hereof.

                                       21
<PAGE>
      (b)   Adjustments Affecting the Notes. Neither the Issuers, the Operating
Partnership nor the General Partner will take any action, or permit any change
to occur, with respect to the Notes that would materially and adversely affect
the ability of the Holders to Complete any Exchange Offer.

      (c)   Amendments and Waivers. The provisions of this Agreement may not be
amended, modified or supplemented, and waivers or consents to or departures from
the provisions hereof may not be given unless the Issuers have obtained the
written consent of Holders of a majority of the outstanding principal amount of
Transfer Restricted Securities. Notwithstanding the foregoing, a waiver or
consent to departure from the provisions hereof that relates exclusively to the
rights of Holders whose securities are being tendered pursuant to the Exchange
Offer and that does not affect directly or indirectly the rights of other
Holders whose securities are not being tendered pursuant to such Exchange Offer
may be given by the Holders of a majority of the outstanding principal amount of
Transfer Restricted Securities being tendered or registered.

      (d)   Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand delivery, first-class mail
(registered or certified, return receipt requested), telecopier, electronic
communication or air courier guaranteeing overnight delivery:

            (i)   if to a Holder, at the address set forth on the records of the
      Registrar under the Indenture, with a copy to the Registrar under the
      Indenture; and

            (ii)  if to the Issuers, the Operating Partnership or the General
      Partner:

      If by mail:
                  AmeriGas Propane, Inc.
                  460 North Gulph Road Box 965
                  Valley Forge, Pennsylvania 19482
                  Telecopier No.:  610-992-3258
                  Attention: Brendan P. Bovaird, Esq.

      If by overnight courier:
                  AmeriGas Propane, Inc.
                  460 North Gulph Road
                  King of Prussia, Pennsylvania 19406
                  Attention: Brendan P. Bovaird, Esq.

                                       22
<PAGE>
      With a copy to:
                  Weil Gotshal & Manges LLP
                  767 Fifth Avenue
                  New York, New York  10153
                  Telecopier No.:  212-310-8715
                  Attention: David G. Schwartz, Esq.

      All such notices and communications shall be deemed to have been duly
given: at the time delivered by hand, if personally delivered; five Business
Days after being deposited in the mail, postage prepaid, if mailed; when receipt
acknowledged, if delivered by electronic communication; when receipt
acknowledged, if telecopied, and on the next business day, if timely delivered
to an air courier guaranteeing overnight delivery.

      Copies of all such notices, demands or other communications shall be
concurrently delivered by the Person giving the same to the Trustee at the
address specified in the Indenture.

      (e)   Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the successors and assigns of each of the parties, including
without limitation and without the need for an express assignment, subsequent
Holders of Transfer Restricted Securities; provided, however, that this
Agreement shall not inure to the benefit of or be binding upon a successor or
assign of a Holder unless and to the extent such successor or assign acquired
Transfer Restricted Securities from such Holder.

      (f)   Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

      (g)   Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

      (h)   Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. WITHOUT REGARD TO THE
CONFLICT OF LAW RULES THEREOF.

      (i)   Severability. In the event that any one or more of the provisions
contained herein, or the application thereof in any circumstance, is held
invalid, illegal or unenforceable, the validity, legality and enforceability of
any such provision in every other respect and of the remaining provisions
contained herein shall not be affected or impaired thereby.

      (j)   Entire Agreement. This Agreement together with the other Operative
Documents (as defined in the Purchase Agreement) is intended by the parties as a
final expression of their agreement and intended to be a complete and exclusive
statement of the agreement and

                                       23
<PAGE>
understanding of the parties hereto in respect of the subject matter contained
herein. There are no restrictions, promises, warranties or undertakings, other
than those set forth or referred to herein with respect to the registration
rights granted by the Issuers with respect to the Transfer Restricted
Securities. This Agreement supersedes all prior agreements and understandings
between the parties with respect to such subject matter.

                                       24
<PAGE>
      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                    AMERIGAS PARTNERS, L.P.
                                    By: AmeriGas Propane, Inc.,
                                         its General Partner

                                    By:_______________________________
                                       Name:  Martha B. Lindsay
                                       Title: Vice President and Chief Financial
                                              Officer

                                    AMERIGAS EAGLE FINANCE CORP.

                                    By:_______________________________
                                       Name:  Martha B. Lindsay
                                       Title: Vice President and Chief Financial
                                              Officer

                                    AMERIGAS PROPANE, INC.

                                    By:_______________________________
                                       Name:  Martha B. Lindsay
                                       Title: Vice President and Chief Financial
                                              Officer

                                    AMERIGAS PROPANE, L.P.
                                    By: AmeriGas Propane, Inc.,
                                         its general partner

                                    By:_______________________________
                                       Name:  Martha B. Lindsay
                                       Title: Vice President and Chief Financial
                                              Officer

                                       25
<PAGE>
                                    CREDIT SUISSE FIRST BOSTON CORPORATION

                                    By:_______________________________
                                       Name:
                                       Title:

                                    BANC OF AMERICA SECURITIES LLC

                                    By:_______________________________
                                       Name:
                                       Title:

                                       26<PAGE>

                                                                     Exhibit 4.6
================================================================================

                     SERIES A NOTES/SERIES B NOTES EXCHANGE

                          REGISTRATION RIGHTS AGREEMENT

                                 AUGUST 21, 2001

                                  BY AND AMONG

                             AMERIGAS PARTNERS, L.P.
                             AP EAGLE FINANCE CORP.
                             AMERIGAS PROPANE, L.P.
                             AMERIGAS PROPANE, INC.

                                       AND

                     CREDIT SUISSE FIRST BOSTON CORPORATION
                            SALOMON SMITH BARNEY INC.

================================================================================
<PAGE>
        The Registration Rights Agreement (this "AGREEMENT") is made and entered
into on August 21, 2001 by and among AmeriGas Partners, L.P., a Delaware limited
partnership (the "PARTNERSHIP"), AP Eagle Finance Corp., a Delaware corporation
("FINANCE CORP." and, together with the Partnership, the "ISSUERS"), AmeriGas
Propane, L.P., a Delaware limited partnership (the "OPERATING PARTNERSHIP") and
AmeriGas Propane, Inc., a Pennsylvania corporation (the "GENERAL PARTNER"), and
Credit Suisse First Boston Corporation and Salomon Smith Barney Inc. (each, an
"INITIAL PURCHASER" and, collectively, the "INITIAL PURCHASERS"), each of whom
has agreed to purchase the Issuers' 200,000,000 8-7/8% Senior Notes Due 2011
(the "SERIES A NOTES") pursuant to the Purchase Agreement (as defined below).

        This Agreement is made pursuant to the Purchase Agreement, dated August
16, 2001 (the "PURCHASE AGREEMENT"), by and among the Issuers, the Operating
Partnership, the General Partner and the Initial Purchasers. In order to induce
the Initial Purchasers to purchase the Series A Notes, the Issuers have agreed
to provide the registration rights set forth in this Agreement. The execution
and delivery of this Agreement is a condition to the obligations of the Initial
Purchasers set forth in Section 7 of the Purchase Agreement.

        The parties hereby agree as follows:

SECTION 1. DEFINITIONS

        As used in this Agreement, the following capitalized terms shall have
the following meanings:

        Act: The Securities Act of 1933, as amended.

        Broker-Dealer: Any broker or dealer registered under the Exchange Act.

        Business Day: As defined in Rule 14d-l under the Exchange Act.

        Closing Date: The date of this Agreement.

        Columbia Propane Acquisition: The acquisition of the business of
Columbia Propane, L.P. by the Partnership, as set forth in that certain purchase
agreement by and among Columbia Energy Group, Columbia Propane Corporation,
Columbia Propane, L.P., the Operating Partnership, the Partnership and the
General Partner dated January 30, 2001.

        Commission: The Securities and Exchange Commission.

        Complete: A Registered Exchange Offer shall be deemed "COMPLETED" for
purposes of this Agreement upon the occurrence of (i) the filing and
effectiveness under the Act of the Exchange Offer Registration Statement
relating to the Series B Notes to be issued in the Exchange Offer, (ii) the
maintenance of such Registration Statement continuously effective and the
keeping of the Exchange Offer open for a period not less than the minimum period
required pursuant to Section 3(b) hereof, and (iii) the delivery by the Issuers
to the Registrar under the Indenture of Series B Notes in the same aggregate
principal amount as the aggregate principal

                                       2
<PAGE>
amount of Series A Notes that were tendered by Holders thereof pursuant to the
Exchange Offer, if any.

        Damages Payment Date: With respect to the Series A Notes, each Interest
Payment Date following a Registration Default, and prior to the cure of such
Registration Default.

        Effectiveness Target Date:  As defined in Section 5.

        Exchange Act: The Securities Exchange Act of 1934, as amended.

        Exchange Offer: An offer by the Issuers made pursuant to a Registration
Statement under the Act to the Holders of all outstanding Transfer Restricted
Securities to exchange all such outstanding Transfer Restricted Securities held
by such Holders for Series B Notes in an aggregate principal amount equal to the
aggregate principal amount of the Transfer Restricted Securities tendered in
such exchange offer by such Holders.

        Exchange Offer Registration Statement: The Registration Statement
relating to the Exchange Offer, including the related prospectus.

        Exempt Resales: The transactions in which the Initial Purchasers propose
to sell the Series A Notes to certain "qualified institutional buyers," as such
term is defined in Rule 144A under the Act and to persons permitted to purchase
the Series A Notes in offshore transactions in reliance upon Regulation S under
the Securities Act (each, a "REGULATION S PURCHASER").

        Holders: As defined in Section 2(b) hereof.

        Indemnified Holder: As defined in Section 8(a) hereof.

        Indenture: The Indenture, dated August 21, 2001, between the
Partnership, Finance Corp. and First Union National Bank, as trustee (the
"TRUSTEE"), pursuant to which the Series A Notes and the Series B Notes are to
be issued, as such Indenture is amended or supplemented from time to time in
accordance with the terms thereof.

        Initial Purchaser: As defined in the preamble hereto.

        Interest Payment Date: As defined in the Indenture and the Series A
Notes.

        NASD: National Association of Securities Dealers, Inc.

        Notes: The Series A Notes and the Series B Notes.

        Person: An individual, partnership, corporation, limited liability
company, joint venture, association, joint stock company, charitable foundation,
trust, unincorporated organization, or a government or any agency or political
subdivision thereof or any other entity.

        Prospectus: The prospectus included in a Registration Statement, as
amended or supplemented by any prospectus supplement and by all other amendments
thereto, including post-effective amendments, and all material incorporated by
reference into such Prospectus.

                                       3
<PAGE>
        Purchase Agreement: As defined in the preamble hereto.

        Record Holder: With respect to any Damages Payment Date relating to
Notes, each Person who is a Holder of Notes on the record date with respect to
the Interest Payment Date on which such Damages Payment Date shall occur.

        Registration Default: As defined in Section 5 hereof.

        Registration Statement: Any registration statement of the Issuers
relating to (a) an offering of Series A Notes pursuant to an Exchange Offer or
(b) the registration for resale of Transfer Restricted Securities pursuant to
the Shelf Registration Statement, which is filed pursuant to the provisions of
this Agreement, in each case, including the Prospectus included therein, all
amendments and supplements thereto (including post-effective amendments) and all
exhibits and material incorporated by reference therein.

        Series A Notes: As defined in the preamble hereto.

        Series B Notes: The Issuers' Series B Notes Due 2011 to be issued
pursuant to the Indenture in the Exchange Offer.

        Shelf Filing Deadline: As defined in Section 4 hereof.

        Shelf Registration Statement: As defined in Section 4 hereof.

        TIA: The Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb) as
amended from time to time.

        Transfer Restricted Securities: Each Note, until the earliest to occur
of (a) the date on which such Note has been exchanged by a Person other than a
Broker-Dealer for a Series B Note in the Exchange Offer, (b) following the
exchange by a Broker-Dealer in the Exchange Offer of a Series A Note for a
Series B Note, the date on which such Series B Note is sold to a purchaser who
receives from such Broker-Dealer on or prior to the date of such sale a copy of
the prospectus contained in the Exchange Offer Registration Statement, (c) the
date on which such security has been effectively registered under the Act and
disposed of in accordance with the Shelf Registration Statement, and (d) the
date on which such Note can be distributed pursuant to Rule 144 under the Act.

        Underwritten Registration or Underwritten Offering: A registration of
securities under the Act pursuant to which securities of the Issuers are sold to
an underwriter for reoffering to the public.

SECTION 2. SECURITIES SUBJECT TO THIS AGREEMENT

        (a) Transfer Restricted Securities. The securities entitled to the
benefits of this Agreement are the Transfer Restricted Securities.

                                       4
<PAGE>
        (b) Holders of Transfer Restricted Securities. A Person is deemed to be
a holder of Transfer Restricted Securities (each, a "HOLDER") whenever such
Person owns Transfer Restricted Securities.

                      SECTION 3. REGISTERED EXCHANGE OFFER

        (a) Unless the Exchange Offer shall not be permissible under applicable
law or Commission policy (after the procedures set forth in Section 6(a) below
have been complied with), the Issuers and the General Partner shall

               (i) cause the Exchange Offer Registration Statement to be filed
with the Commission as soon as practicable after the Closing Date, but no later
than the earlier to occur of (1) 90 days after the Columbia Propane Acquisition
or (2) 120 days after Closing Date,

               (ii) use their reasonable efforts to cause the Exchange Offer
Registration Statement to become effective at the earliest possible time, but no
later than the earlier to occur of (1) 150 days after the Columbia Propane
Acquisition or (2) 180 days after the Closing Date,

               (iii) in connection with the foregoing, (A) cause to be filed all
pre-effective amendments to the Exchange Offer Registration Statement as may be
necessary in order to cause the Exchange Offer Registration Statement to become
effective, (B) if applicable, cause to be filed a post-effective amendment to
the Exchange Offer Registration Statement pursuant to Rule 430A under the Act
and (C) cause all necessary filings in connection with the registration and
qualification of the Series B Notes to be made under the Blue Sky laws of such
jurisdictions as are necessary to permit Completion of the Exchange Offer, and

               (iv) upon the effectiveness of the Exchange Offer Registration
Statement, commence the Exchange Offer. The Exchange Offer Registration
Statement shall be on the appropriate form permitting registration of the Series
B Notes to be offered in exchange for the Transfer Restricted Securities and to
permit resales of Notes held by Broker-Dealers as contemplated by Section 3(c)
below,

provided that if the Issuers and General Partner have not consummated the
Exchange Offer on or prior to the earlier to occur of (A) 180 days after the
Columbia Propane Acquisition or (B) 210 days after the Closing Date, then the
Issuers and General Partner will file the Shelf Registration Statement with the
Commission on or prior to (y) the 181st day after the Columbia Propane
Acquisition or (z) the 211th day after the Closing Date, whichever is earlier.
The Issuers and General Partner will use their reasonable efforts to keep such
Shelf Registration Statement continuously effective, supplemented and amended
until the third anniversary of the Closing Date or a shorter period that will
terminate when all of the securities covered by the Shelf Registration Statement
have been sold pursuant to the Shelf Registration Statement or are eligible for
resale without any volume restrictions under Rule 144 of the Act.

        (b) The Issuers and the General Partner shall cause the Exchange Offer
Registration Statement to be effective continuously and shall keep the Exchange
Offer open for a period of not less than the minimum period required under
applicable federal and state securities laws to Complete the Exchange Offer;
provided, however, that in no event shall such period be less than

                                       5
<PAGE>
20 Business Days. The Issuers and the General Partner shall use reasonable
efforts to cause the Exchange Offer to comply with all applicable federal and
state securities laws. The Issuers and the General Partner shall use reasonable
efforts to cause the Exchange Offer to be Completed on the earliest practicable
date after the Exchange Offer Registration Statement has become effective, but
in no event later than 10 Business Days following the expiration of the period
during which the Exchange Offer is open.

        (c) The Issuers shall indicate in a "Plan of Distribution" section
contained in the Prospectus contained in the Exchange Offer Registration
Statement that any Broker-Dealer who holds Series A Notes that are Transfer
Restricted Securities and that were acquired for its own account as a result of
market-making activities or other trading activities (other than Transfer
Restricted Securities acquired directly from the Issuers), may exchange such
Series A Notes pursuant to the Exchange Offer; however, such Broker-Dealer may
be deemed to be an "underwriter" within the meaning of the Act and must,
therefore, deliver a prospectus meeting the requirements of the Act in
connection with any resales of the Series B Notes received by such Broker-Dealer
in the Exchange Offer, which prospectus delivery requirement may be satisfied by
the delivery by such Broker-Dealer of the Prospectus contained in the Exchange
Offer Registration Statement. Such "Plan of Distribution" section shall also
contain all other information with respect to such resales by Broker-Dealers
that the Commission may require in order to permit such resales pursuant
thereto, but such "Plan of Distribution" shall not name any such Broker-Dealer
or disclose the amount of Notes held by any such Broker-Dealer except to the
extent required by the Commission as a result of a change in policy after the
date of this Agreement.

        The Issuers and the General Partner shall use reasonable efforts to keep
the Exchange Offer Registration Statement continuously effective, supplemented
and amended as required by the provisions of Section 6(c) below to the extent
necessary to ensure that it is available for resales of Notes acquired by
Broker-Dealers for their own accounts as a result of market-making activities or
other trading activities, and to ensure that it conforms with the requirements
of this Agreement, the Act and the policies, rules and regulations of the
Commission as announced from time to time, for a period of 180 days from the
date on which the Exchange Offer Registration Statement is declared effective.

        The Issuers shall provide a reasonable number of copies of the latest
version of such Prospectus to Broker-Dealers promptly upon request at any time
during such 180 day period in order to facilitate such resales.

SECTION 4. SHELF REGISTRATION

        (a) Shelf Registration. If (i) the Issuers are not required to file an
Exchange Offer Registration Statement or to consummate the Exchange Offer
because the Exchange Offer is not permitted by applicable law or Commission
policy (after the procedures set forth in Section 6(a) below have been complied
with) or (ii) if any Holder of Transfer Restricted Securities shall notify the
Issuers, the Operating Partnership or the General Partner prior to the
Completion of the Exchange Offer (A) that such Holder is prohibited by
applicable law or Commission policy from participating in the Exchange Offer, or
(B) that such Holder may not resell the Series B Notes acquired by it in the
Exchange Offer to the public without delivering a prospectus and that the

                                       6
<PAGE>
Prospectus contained in the Exchange Offer Registration Statement is not
appropriate or available for such resales by such Holder, or (C) that such
Holder is a Broker-Dealer and holds Series A Notes acquired directly from the
Issuers or one of their affiliates, then the Issuers and the General Partner
shall

                (x) cause to be filed a shelf registration statement pursuant to
        Rule 415 under the Act, which may be an amendment to the Exchange Offer
        Registration Statement (in either event, the "SHELF REGISTRATION
        STATEMENT") on or prior to the earlier to occur of (1) the 30th day
        after the date on which the Issuers determine that they are not required
        to file the Exchange Offer Registration Statement, and (2) the 30th day
        after the date on which the Issuers receive notice from a Holder of
        Transfer Restricted Securities as contemplated by clause (ii) above
        (such earlier date being the "SHELF FILING DEADLINE"), which Shelf
        Registration Statement shall provide for resales of all Transfer
        Restricted Securities the Holders of which shall have provided the
        information required pursuant to Section 4(b) hereof; and

                (y) use reasonable efforts to cause such Shelf Registration
        statement to be declared effective by the Commission on or before the
        90th day after the Shelf Filing Deadline.

The Issuers and the General Partner shall use reasonable efforts to keep such
Shelf Registration Statement continuously effective, supplemented and amended as
required by the provisions of Sections 6(b) and (c) hereof to the extent
necessary to ensure that it is available for resales of Notes by the Holders of
Transfer Restricted Securities entitled to the benefit of this Section 4(a), and
to ensure that it conforms with the requirements of this Agreement, the Act and
the policies, rules and regulations of the Commission as announced from time to
time, for a period of at least three years following the effective date thereof
or such shorter period that will terminate when all Notes covered by the Shelf
Registration Statement have been sold pursuant to the Shelf Registration
Statement or are eligible for resale without any volume restrictions under Rule
144 under the Act.

        (b) Provision by Holders of Certain Information in Connection with the
Shelf Registration Statement. No Holder of Transfer Restricted Securities may
include any of its Transfer Restricted Securities in any Shelf Registration
Statement pursuant to this Agreement unless and until such Holder furnishes to
the Issuers in writing, within 10 Business Days after receipt of a request
therefor, such information as the Issuers may reasonably request for use in
connection with any Shelf Registration Statement or Prospectus or preliminary
Prospectus included therein. No Holder of Transfer Restricted Securities shall
be entitled to Liquidated Damages pursuant to Section 5 hereof unless and until
such Holder shall have provided all such reasonably requested information. Each
Holder as to which any Shelf Registration Statement is being effected agrees to
furnish promptly to the Issuers all information required to be disclosed in
order to make the information previously furnished to the Issuers by such Holder
not materially misleading.

SECTION 5. LIQUIDATED DAMAGES

                                       7
<PAGE>
        If (i) any of the Registration Statements required by this Agreement is
not filed with the Commission on or prior to the date specified for such filing
in this Agreement, (ii) any of such Registration Statements has not been
declared effective by the Commission on or prior to the date specified for such
effectiveness in this Agreement (the "EFFECTIVENESS TARGET DATE"), (iii) the
Exchange Offer has not been Completed within 30 Business Days after the
Effectiveness Target Date with respect to the Exchange Offer Registration
Statement, (iv) the Exchange Offer Registration Statement required by this
Agreement is filed and declared effective but shall thereafter cease to be
effective or fail to be usable for its intended purpose for a period of 14
consecutive days without being succeeded by a post-effective amendment thereto
that is itself declared effective or (v) the Shelf Registration Statement, if
required by this Agreement, is filed and declared effective but shall thereafter
cease to be effective or fail to be usable for its intended purpose for a period
of 30 consecutive days without being succeeded by a post-effective amendment
thereto that is itself declared effective (each such event referred to in
clauses (i) through (v), a "REGISTRATION DEFAULT"), the Issuers, the Operating
Partnership and the General Partner hereby jointly and severally agree to pay
liquidated damages to each Holder of Transfer Restricted Securities with respect
to the first 90-day period immediately following the occurrence of such
Registration Default, in an amount equal to $0.05 per week per $1,000 principal
amount of Transfer Restricted Securities held by such Holder for each week or
portion thereof that the Registration Default continues. The amount of the
liquidated damages shall increase by an additional $0.05 per week per $1,000 in
principal amount of Transfer Restricted Securities with respect to each
subsequent 90-day period until such Registration Default has been cured, up to a
maximum amount of liquidated damages of $0.20 per week per $1,000 principal
amount of Transfer Restricted Securities. All accrued liquidated damages shall
be paid by the Issuers, in respect of the Global Note only, to the Record Holder
thereof by wire transfer of immediately available funds or by federal funds
check on each Damages Payment Date, and to other Record Holders as provided in
the Indenture. Following the cure of any Registration Defaults relating to any
particular Transfer Restricted Securities, the accrual of liquidated damages
with respect to such Transfer Restricted Securities will cease.

        All obligations of the Issuers set forth in the preceding paragraph that
are outstanding with respect to any Transfer Restricted Security at the time
such security ceases to be a Transfer Restricted Security shall survive until
such time as all such obligations with respect to such Security shall have been
satisfied in full.

SECTION 6. REGISTRATION PROCEDURES

        (a) Exchange Offer Registration Statement. In connection with the
Exchange Offer, the Issuers, the Operating Partnership and the General Partner
shall comply with all of the provisions of Section 6(c) below, shall use their
best efforts to effect such exchange to permit the sale of Transfer Restricted
Securities being sold in accordance with the intended method or methods of
distribution thereof, and shall comply with all of the following provisions:

                (i) As a condition to its participation in the Exchange Offer
        pursuant to the terms of this Agreement, each Holder of Transfer
        Restricted Securities shall furnish, prior to the Completion thereof, a
        written representation to the Issuers (which may be contained in the
        letter of transmittal contemplated by the Exchange Offer Registration
        Statement) to the effect that (A) it is not an affiliate of the Issuers,
        as defined in Rule 405

                                       8
<PAGE>
        under the Act, (B) it is not engaged in, and does not intend to engage
        in, and has no arrangement or understanding with any person to
        participate in, a distribution of the Series B Notes to be issued in the
        Exchange Offer and (C) it is acquiring the Series B Notes in its
        ordinary course of business. In addition, all such Holders of Transfer
        Restricted Securities shall otherwise cooperate in the Issuers'
        preparations for the Exchange Offer. Each Holder hereby acknowledges and
        agrees that any Broker-Dealer and any such Holder using the Exchange
        Offer to participate in a distribution of the securities to be acquired
        in the Exchange Offer (1) could not under Commission policy as in effect
        on the date of this Agreement rely on the position of the Commission
        enunciated in Morgan Stanley and Co., Inc. (available June 5, 1991) and
        Exxon Capital Holdings Corporation (available May 13, 1988), as
        interpreted in the Commission's letter to Shearman & Sterling dated July
        2, 1993, and similar no-action letters (including any no-action letter
        obtained pursuant to clause (i) above), and (2) must comply with the
        registration and prospectus delivery requirements of the Act in
        connection with a secondary resale transaction and that such a secondary
        resale transaction should be covered by an effective registration
        statement containing the selling security holder information required by
        Item 507 or 508, as applicable, of Regulation S-K if the resales are of
        Series B Notes obtained by such Holder in exchange for Notes acquired by
        such Holder directly from the Issuers.

                (ii) Prior to effectiveness of the Exchange Offer Registration
        Statement, the Issuers shall, if requested by the staff of the
        Commission, provide a supplemental letter to the Commission (A) stating
        that the Issuers are registering the Exchange Offer in reliance on the
        position of the Commission enunciated in Exxon Capital Holdings
        Corporation (available May 13, 1988), Morgan Stanley and Co., Inc.
        (available June 5, 1991) and, if applicable, any no-action letter
        obtained pursuant to clause (i) above and (B) including a representation
        that the Issuers have not entered into any arrangement or understanding
        with any Person to distribute the Series B Notes to be received in the
        Exchange Offer and that, to the best of the Issuers' information and
        belief, each Holder participating in the Exchange Offer is acquiring the
        Series B Notes in its ordinary course of business and has no arrangement
        or understanding with any Person to participate in the distribution of
        the Series B Notes received in the Exchange Offer.

        (b) Shelf Registration Statement. In connection with the Shelf
Registration Statement, the Issuers and the General Partner shall comply with
all the provisions of Section 6(c) below and shall use reasonable efforts to
effect such registration to permit the sale of the Transfer Restricted
Securities being sold in accordance with the intended method or methods of
distribution thereof, and pursuant thereto the Issuers will as expeditiously as
possible prepare and file with the Commission a Registration Statement relating
to the registration on any appropriate form under the Act, which form shall be
available for the sale of the Transfer Restricted Securities in accordance with
the intended method or methods of distribution thereof.

        (c) General Provisions. In connection with any Registration Statement
and any Prospectus required by this Agreement to permit the sale or resale of
Transfer Restricted Securities (including, without limitation, any Registration
Statement and the related Prospectus

                                       9
<PAGE>
required to permit resales of Notes by Broker-Dealers), the Issuers shall and
the General Partner shall cause the Issuers to:

                (i) use reasonable efforts to keep such Registration Statement
        continuously effective; upon the occurrence of any event that would
        cause any such Registration Statement or the Prospectus contained
        therein (A) to contain a material misstatement or omission or (B) not to
        be effective and usable for resale of Transfer Restricted Securities
        during the period required by this Agreement, the Issuers shall file as
        soon as reasonably practicable an appropriate amendment to such
        Registration Statement, in the case of clause (A), correcting any such
        misstatement or omission, and, in the case of either clause (A) or (B),
        use reasonable efforts to cause such amendment to be declared effective
        and such Registration Statement and the related Prospectus to become
        usable for their intended purpose(s) as soon as practicable thereafter;

                (ii) prepare and file with the Commission such amendments and
        post-effective amendments to the Registration Statement as may be
        necessary to keep the Registration Statement effective for the
        applicable period set forth in Section 3 or 4 hereof, as applicable, or
        such shorter period as will terminate when all Transfer Restricted
        Securities covered by such Registration Statement have been sold; cause
        the Prospectus to be supplemented by any required Prospectus supplement,
        and as so supplemented to be filed pursuant to Rule 424 under the Act,
        and to comply fully with the applicable provisions of Rules 424 and 430A
        under the Act in a timely manner; and comply with the provisions of the
        Act with respect to the disposition of all securities covered by such
        Registration Statement during the applicable period in accordance with
        the intended method or methods of distribution by the sellers thereof
        set forth in such Registration Statement or supplement to the
        Prospectus;

                (iii) with respect to any Shelf Registration Statement, advise
        the underwriter(s), if any, named in the applicable Prospectus, and
        selling Holders named in the applicable Prospectus promptly and, if
        requested by such Persons, to confirm such advice in writing, (A) when
        the Prospectus or any Prospectus supplement or post-effective amendment
        has been filed, and, with respect to any Registration Statement or any
        post-effective amendment thereto, when the same has become effective,
        (B) of any request by the Commission for amendments to the Registration
        Statement or amendments or supplements to the Prospectus or for
        additional information relating thereto, (C) of the issuance by the
        Commission of any stop order suspending the effectiveness of the
        Registration Statement under the Act or of the suspension by any state
        securities commission of the qualification of the Transfer Restricted
        Securities for offering or sale in any jurisdiction, or the initiation
        of any proceeding for any of the preceding purposes, (D) of the
        existence of any fact or the happening of any event that makes any
        statement of a material fact made in the Registration Statement, the
        Prospectus, any amendment or supplement thereto, or any document
        incorporated by reference therein untrue, or that requires the making of
        any additions to or changes in the Registration Statement or the
        Prospectus in order to make the statements therein not misleading. If at
        any time the Commission shall issue any stop order suspending the
        effectiveness of the Registration Statement, or any state securities
        commission or other regulatory authority shall issue an

                                       10
<PAGE>
        order suspending the qualification or exemption from qualification of
        the Transfer Restricted Securities under state securities or Blue Sky
        laws, the Issuers, the Operating Partnership and the General Partner
        shall use reasonable efforts to obtain the withdrawal or lifting of such
        order as soon as practicable;

                (iv) with respect to any Shelf Registration Statement, furnish
        to each of the selling Holders and each of the underwriter(s), if any,
        before filing with the Commission, copies of any Registration Statement
        or any Prospectus included therein or any amendments or supplements to
        any such Registration Statement or Prospectus (including all documents
        incorporated by reference after the initial filing of such Registration
        Statement);

                (v) in connection with any Shelf Registration Statement required
        by this Agreement, make available at reasonable times for inspection by
        the selling Holders, any underwriter participating in any disposition
        pursuant to such Registration Statement, and any attorney or accountant
        retained by such selling Holders or any of the underwriter(s), all
        financial and other records, pertinent corporate documents and
        properties of the Issuers and cause the officers, directors and
        employees of Finance Corp. and the General Partner to supply all
        information reasonably requested by any such Holder, underwriter,
        attorney or accountant in connection with such Registration Statement
        subsequent to the filing thereof and prior to its effectiveness;

                (vi) with respect to any Shelf Registration Statement, if
        reasonably requested by any selling Holders or the underwriter(s), if
        any, promptly incorporate in any Registration Statement or Prospectus,
        pursuant to a supplement or post-effective amendment if necessary, such
        information as such selling Holders and underwriter(s), if any, may
        reasonably request to have included therein, including, without
        limitation, information relating to the "Plan of Distribution" of the
        Transfer Restricted Securities, information with respect to the
        principal amount of Transfer Restricted Securities being sold to such
        underwriter(s), the purchase price being paid therefor and any other
        terms of the offering of the Transfer Restricted Securities to be sold
        in such offering; and make all required filings of such Prospectus
        supplement or post-effective amendment as soon as practicable after an
        Issuer is notified of the matters to be incorporated in such Prospectus
        supplement or post-effective amendment;

                (vii) cause the Transfer Restricted Securities covered by the
        Registration Statement to be rated with the appropriate rating agencies
        within 30 days of issuance or as soon thereafter as practicable;

                (viii) with respect to any Shelf Registration Statement, furnish
        to each selling Holder and each of the underwriter(s), if any, without
        charge, at least one copy of the Registration Statement, as first filed
        with the Commission, and of each amendment thereto, including all
        documents incorporated by reference therein and all exhibits (including
        exhibits incorporated therein by reference);

                (ix) with respect to any Shelf Registration Statement, deliver
        to each selling Holder and each of the underwriter(s), if any, without
        charge, as many copies of the

                                       11
<PAGE>
        Prospectus (including each preliminary prospectus) and any amendment or
        supplement thereto as such Persons reasonably may request; the Issuers
        hereby consent to the use of the Prospectus and any amendment or
        supplement thereto by each of the selling Holders and each of the
        underwriter(s), if any, in connection with the offering and the sale of
        the Transfer Restricted Securities covered by the Prospectus or any
        amendment or supplement thereto;

                (x) in connection with any underwritten public offering effected
        pursuant to a Shelf Registration Statement, and together with the
        General Partner, enter into such agreements (including an underwriting
        agreement) in form and substance satisfactory to each of them, and make
        such representations and warranties in form and substance satisfactory
        to each of them, and take all such other actions in connection therewith
        in order to expedite or facilitate the disposition of the Transfer
        Restricted Securities pursuant to any Registration Statement
        contemplated by this Agreement, all to such extent as may be reasonably
        requested by any Initial Purchaser or by any Holder of Transfer
        Restricted Securities or underwriter in connection with any sale or
        resale pursuant to any Registration Statement contemplated by this
        Agreement; the Issuers and the General Partner shall:

                        (a) furnish to each Initial Purchaser, each selling
                Holder and each underwriter, if any, in such substance and scope
                as they may request and as are customarily made by issuers to
                underwriters in primary underwritten offerings, upon the date of
                the Completion of the Exchange Offer and, if applicable, the
                effectiveness of the Shelf Registration Statement:

                                (1) a certificate, dated the date of Completion
                        of the Exchange Offer or the date of effectiveness of
                        the Shelf Registration Statement, as the case may be,
                        signed by (y) the President or any Vice President of the
                        General Partner and Finance Corp. and (z) a principal
                        financial or accounting officer of the General Partner
                        confirming, as of the date thereof, the matters set
                        forth in paragraphs (a), (b), (c) and (d) of Section 7
                        of the Purchase Agreement;

                                (2) an opinion dated the date of Completion of
                        the Exchange Offer or the date of effectiveness of the
                        Shelf Registration Statement, as the case may be, of
                        counsel for the Issuers covering the matters customarily
                        covered in opinions requested in similar underwritten
                        offerings and such other matters as such parties may
                        reasonably request, and in any event including a
                        statement to the effect that such counsel has
                        participated in conferences with directors, officers and
                        other representatives of the Issuers and the General
                        Partner, representatives of the independent public
                        accountants for the Issuers, the Operating Partnership
                        and the General Partner, the Initial Purchasers'
                        representatives and the Initial Purchasers' counsel's
                        representatives in connection with the preparation of
                        such Registration Statement and the related Prospectus
                        at which conferences the contents of and related matters
                        were discussed, and that although such counsel has not
                        independently verified and need not

                                       12
<PAGE>
                        pass upon, or assume responsibility for, the accuracy,
                        completeness or fairness of statements contained in the
                        Registration Statement and Prospectus (except to the
                        extent specified in the foregoing opinion), no facts
                        have come to such counsel's attention which lead such
                        counsel to believe that the applicable Registration
                        Statement, on the effective date thereof or the date any
                        post-effective amendment thereto became effective and,
                        in the case of the Exchange Offer Registration
                        Statement, as of the date of Completion, contained an
                        untrue statement of a material fact or omitted to state
                        a material fact required to be stated therein or
                        necessary to make the statements contained therein not
                        misleading or that the Prospectus contained in such
                        Registration Statement, on the date thereof, and in the
                        case of the opinion dated the date of Completion of the
                        Exchange Offer, as of the date of Completion, contained
                        or contains an untrue statement of a material fact or
                        omitted or omits to state a material fact required to be
                        stated therein or necessary to make the statements
                        contained therein, in light of the circumstances under
                        which they were made, not misleading (it being
                        understood that such counsel need not express any view
                        with respect to the financial statements and related
                        notes, the financial statement schedules and the other
                        financial, statistical and accounting data included in
                        the Registration Statement contemplated by this
                        Agreement or the related Prospectus); and

                                (3) a customary comfort letter, dated as of the
                        date of Completion of the Exchange Offer or the date of
                        effectiveness of the Shelf Registration Statement, as
                        the case may be, from the Issuers' independent
                        accountants, in the customary form and covering matters
                        of the type customarily covered in comfort letters by
                        underwriters in connection with primary underwritten
                        offerings, and affirming the matters set forth in the
                        comfort letters delivered pursuant to Section 7(h) of
                        the Purchase Agreement, without exception;

                        (b) set forth in full or incorporate by reference in the
                purchase agreement, if any, the indemnification provisions and
                procedures of Section 8 hereof with respect to all parties to be
                indemnified pursuant to said Section; and

                        (c) deliver such other documents and certificates as may
                be reasonably requested by such parties to evidence compliance
                with clause (a) above and with any customary conditions
                contained in the underwriting agreement or other agreement
                entered into by the Issuers, the Operating Partnership and the
                General Partner pursuant to this clause (x), if any.

                If at any time the representations and warranties of the Issuers
        or the General Partner contemplated in clause (a)(1) above cease to be
        true and correct, the Issuers shall so advise the Initial Purchasers and
        the underwriter(s), if any, and each selling Holder promptly and, if
        requested by such Persons, shall confirm such advice in writing;

                                       13
<PAGE>
                (xi) prior to any public offering of Transfer Restricted
        Securities, cooperate with the selling Holders, the underwriter(s), if
        any, and their respective counsel in connection with the registration
        and qualification of the Transfer Restricted Securities under the
        securities or Blue Sky laws of such jurisdictions as the selling Holders
        or underwriter(s) may request and do any and all other acts or things
        necessary or advisable to enable the disposition in such jurisdictions
        of the Transfer Restricted Securities covered by the Shelf Registration
        Statement; provided, however, that the Issuers shall not be required to
        register or qualify as a foreign corporation where they are not now so
        qualified or to take any action that would subject them to the service
        of process in suits or to taxation, other than as to matters and
        transactions relating to the Registration Statement, in any jurisdiction
        where they are not now so subject;

                (xii) shall issue, upon the request of any Holder of Series A
        Notes covered by the Shelf Registration Statement, Series B Notes,
        having an aggregate principal amount equal to the aggregate principal
        amount of Series A Notes surrendered to the Issuers by such Holder in
        exchange therefor or being sold by such Holder; such Series B Notes to
        be registered in the name of such Holder or in the name of the
        purchaser(s) of such Notes, as the case may be; in return, the Series A
        Notes held by such Holder shall be surrendered to the Issuers for
        cancellation;

                (xiii) cooperate with the selling Holders and the
        underwriter(s), if any, to facilitate the timely preparation and
        delivery of certificates representing Transfer Restricted Securities to
        be sold and not bearing any restrictive legends; and enable such
        Transfer Restricted Securities to be in such denominations and
        registered in such names as the Holders or the underwriter(s), if any,
        may request at least two Business Days prior to any sale of Transfer
        Restricted Securities made by such underwriter(s);

                (xiv) if any fact or event contemplated by clause (c)(iii)(D)
        above shall exist or have occurred, prepare a supplement or
        post-effective amendment to the Registration Statement or related
        Prospectus or any document incorporated therein by reference or file any
        other required document so that, as thereafter delivered to the
        purchasers of Transfer Restricted Securities, the Prospectus will not
        contain an untrue statement of a material fact or omit to state any
        material fact necessary to make the statements therein not misleading;

                (xv) provide a CUSIP number for all Transfer Restricted
        Securities not later than the effective date of the Registration
        Statement and provide the Trustee under the Indenture with printed
        certificates for the Transfer Restricted Securities which are in a form
        eligible for deposit with the Depositary Trust Company;

                (xvi) cooperate and assist in any filings required to be made
        with the NASD and in the performance of any due diligence investigation
        by any underwriter (including any "qualified independent underwriter")
        that is required to be retained in accordance with the rules and
        regulations of the NASD, and use their reasonable best efforts to cause
        such Registration Statement to become effective and approved by such
        governmental agencies or authorities as may be necessary to enable the
        Holders selling Transfer Restricted Securities to consummate the
        disposition of such Transfer Restricted Securities;

                                       14
<PAGE>
                (xvii) otherwise use their best efforts to comply with all
        applicable rules and regulations of the Commission, and make generally
        available to their security holders, as soon as practicable, a
        consolidated earnings statement meeting the requirements of Rule 158
        (which need not be audited) for the twelve-month period (A) commencing
        at the end of any fiscal quarter in which Transfer Restricted Securities
        are sold to underwriters in a firm or best efforts Underwritten Offering
        or (B) if not sold to underwriters in such an offering, beginning with
        the first month of the Issuers' first fiscal quarter commencing after
        the effective date of the Registration Statement;

                (xviii) cause the Indenture to be qualified under the TIA not
        later than the effective date of the first Registration Statement
        required by this Agreement, and, in connection therewith, cooperate with
        the Trustee and the Holders of Notes to effect such changes to the
        Indenture as may be required for such Indenture to be so qualified in
        accordance with the terms of the TIA; and execute and use its best
        efforts to cause the Trustee to execute, all documents that may be
        required to effect such changes and all other forms and documents
        required to be filed with the Commission to enable such Indenture to be
        so qualified in a timely manner; and

                (xix) provide promptly to each Holder upon request each document
        previously filed by the Issuers with the Commission pursuant to the
        requirements of Section 13 and Section 15 of the Act.

        Each Holder agrees by acquisition of a Transfer Restricted Security
that, upon receipt of any notice from the Issuers of the existence of any fact
of the kind described in Section 6(c)(iii)(D) hereof, such Holder will forthwith
discontinue disposition of Transfer Restricted Securities pursuant to the
applicable Registration Statement until such Holder's receipt of the copies of
the supplemented or amended Prospectus contemplated by Section 6(c)(ii) hereof,
or until it is advised in writing (the "ADVICE") by the Issuers that the use of
the Prospectus may be resumed, and has received copies of any additional or
supplemental filings that are incorporated by reference in the Prospectus. If so
directed by the Issuers, each Holder will deliver to the Issuers (at the
Issuers' expense) all copies, other than permanent file copies then in such
Holder's possession, of the Prospectus covering such Transfer Restricted
Securities that was current at the time of receipt of such notice. In the event
the Issuers shall give any such notice, the time period regarding the
effectiveness of such Registration Statement set forth in Section 3 or 4 hereof,
as applicable, shall be extended by the number of days during the period from
and including the date of the giving of such notice pursuant to Section
6(c)(iii)(D) hereof to and including the date when each selling Holder covered
by such Registration Statement shall have received the copies of the
supplemented or amended Prospectus contemplated by Section 6(c)(xvi) hereof or
shall have received the Advice.

SECTION 7. REGISTRATION EXPENSES

        (a) All expenses incident to the performance of or compliance with this
Agreement by the Issuers and the General Partner will be borne by the Issuers
and the General Partner, jointly and severally, regardless of whether a
Registration Statement becomes effective, including without limitation: (i) all
registration and filing fees and expenses (including filings made by any Initial
Purchaser or Holder with the NASD (and, if applicable, the fees and

                                       15
<PAGE>
expenses of any "qualified independent underwriter" and its counsel that may be
required by the rules and regulations of the NASD)); (ii) all fees and expenses
of compliance with federal securities and state Blue Sky or securities laws
(including the reasonable fees, expenses and disbursements of counsel relating
to the preparation, printing or reproduction, and delivery of the preliminary
and supplemental Blue Sky Memorandum and such registration and qualification);
(iii) all expenses of printing (including printing certificate for the Series B
Notes to be issued in the Exchange Offer and printing of Prospectuses),
messenger and delivery services and telephone; (iv) all fees and disbursements
of counsel for the Issuers and, subject to Section 7(b) below, the Holders of
Transfer Restricted Securities; and (v) all fees and disbursements of
independent certified public accountants of the Issuers (including the expenses
of any special audit and comfort letters required by or incident to such
performance); provided, however, that in an underwritten offering, neither the
Issuers nor the General Partner shall be responsible for any fees and expenses
of any underwriter including any underwriting discounts and commissions or any
legal fees and expenses of counsel to the underwriters.

        The Issuers, the Operating Partnership and the General Partner will, in
any event, bear their internal expenses (including, without limitation, all
salaries and expenses of the officers and employees of Finance Corp. and the
General Partner performing legal or accounting duties), the expenses of any
annual audit and the fees and expenses of any Person, including special experts,
retained by the Issuers, the Operating Partnership and the General Partner.

        It is understood that, except as otherwise provided in this Agreement,
the Initial Purchasers will pay all their own costs and expenses, including the
fees of their counsel, transfer taxes on any resale of the Series A Notes by
either Initial Purchaser and any advertising expenses connected with any offer
they may make and the transportation and other expenses incurred by the Initial
Purchasers in connection with presentations to prospective purchasers of the
Series A Notes.

        (b) In connection with any Registration Statement required by this
Agreement (including, without limitation, the Exchange Offer Registration
Statement and the Shelf Registration Statement), the Issuers, the Operating
Partnership and the General Partner, jointly and severally, will reimburse the
Initial Purchasers and the Holders of Transfer Restricted Securities being
tendered in the Exchange Offer and/or resold pursuant to the "Plan of
Distribution" contained in the Exchange Offer Registration Statement or
registered pursuant to the Shelf Registration Statement, as applicable, for the
reasonable fees and disbursements of not more than one counsel, to be chosen by
the Holders of a majority in principal amount of the Transfer Restricted
Securities for whose benefit such Registration Statement is being prepared.

SECTION 8. INDEMNIFICATION

        (a) The Issuers, the Operating Partnership and the General Partner,
jointly and severally, agree to indemnify and hold harmless (i) each Holder and
(ii) each person. if any, who controls (within the meaning of Section 15 of the
Act or Section 20 of the Exchange Act) any Holder (any of the persons referred
to in this clause (ii) being hereinafter referred to as a "CONTROLLING PERSON")
and (iii) the respective officers, directors, partners, employees
representatives and agents of any Holder or any controlling person (any person
referred to in clause (i), (ii) or (iii) may hereinafter be referred to as an
"INDEMNIFIED HOLDER"), to the fullest

                                       16
<PAGE>
extent lawful, from and against any and all losses, claims, damages,
liabilities, judgments, actions and reasonable expenses (including without
limitation and as incurred, reimbursement of all reasonable costs of
investigating, preparing, pursuing or defending any claim or action, or any
investigation or proceeding by any governmental agency or body, commenced or
threatened, including the reasonable fees and expenses of counsel to any
Indemnified Holder) directly or indirectly caused by, related to, based upon,
arising out of or in connection with any untrue statement or alleged untrue
statement of a material fact contained in any Registration Statement or
Prospectus (or any amendment or supplement thereto), or any omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, except insofar as such
losses, claims, damages, liabilities or expenses are caused by an untrue
statement or omission or alleged untrue statement or omission that is made in
reliance upon and in conformity with information furnished in writing to the
Issuers or the General Partner by any of the Holders expressly for use therein;
provided, however, that the indemnification contained in this paragraph (a) with
respect to the preliminary prospectus shall not inure to the benefit of any
Holder (or to the benefit of any person controlling such Holder) on account of
any such loss, claim, damage, liability or expense arising from the sale of the
Notes by such Holder to any person if a copy of a final prospectus shall not
have been delivered or sent to such person within the time required by the Act
and the regulations thereunder for delivery of a prospectus, and the untrue
statement or alleged untrue statement or omission or alleged omission of a
material fact contained in such preliminary prospectus was corrected in the
final prospectus, provided that the Issuers have delivered the final prospectus
to the Holders in reasonably requested quantities and on a timely basis to
permit such delivery or sending. The Issuers, the Operating Partnership and the
General Partner shall notify you promptly of the institution, threat or
assertion of any claim, proceeding (including any governmental investigation) or
litigation in connection with the matters addressed by this Agreement which
involves the Issuers, the Operating Partnership, the General Partner or an
Indemnified Holder.

        In case any action or proceeding (including any governmental
investigation or proceeding) shall be brought or asserted against any of the
Indemnified Holders with respect to which indemnity may be sought against the
Issuers, the Operating Partnership or the General Partner, such Indemnified
Holder (or the Indemnified Holder controlled by such controlling person), shall
promptly notify the Issuers, the Operating Partnership or the General Partner in
writing (provided, that the failure to give such notice shall not relieve the
indemnifying party of its obligations pursuant to this Agreement unless the
indemnifying party is foreclosed by reason of such failure from asserting a
defense otherwise available to it). Such Indemnified Holder shall have the right
to employ separate counsel in any such action, suit or proceeding and to
participate in (but not control) the defense thereof, but the fees and expenses
of such counsel shall be at the expense of such Indemnified Holder, rather than
the Issuers or the General Partner, as the case may be, unless (i) the Issuers
have agreed in writing to pay such fees and expenses, (ii) the Issuers, the
Operating Partnership, and the General Partner have failed to assume the defense
and employ counsel or (iii) the named parties to any such action, suit or
proceeding (including any impleaded parties) include both such Indemnified
Holder and the Issuers, the Operating Partnership, or the General Partner, and
such Indemnified Holder shall have been advised by its counsel that
representation of such Indemnified Holder and the Issuers, the Operating
Partnership, or the General Partner, as the case may be, by the same counsel
would be inappropriate under applicable standards of professional conduct
(whether or not such

                                       17
<PAGE>
representation by the same counsel has been proposed) due to actual or potential
differing interests between them (in which case the Issuers, the Operating
Partnership, or the General Partner shall not have the right to assume the
defense of such action, suit or proceeding on behalf of such Indemnified
Holder). Neither the Issuers, the Operating Partnership nor the General Partner
shall, in connection with any one such action or proceeding or separate but
substantially similar or related actions or proceedings in the same jurisdiction
arising out of the same general allegations or circumstances, be liable for the
reasonable fees and expenses of more than one separate firm of attorneys (in
addition to any local counsel) at any time for such Indemnified Holders, which
firm shall be designated by the Holders. The Issuers, the Operating Partnership
and the General Partner shall be liable for any settlement of any such action or
proceeding effected with the indemnifying party's prior written consent and the
Issuers, the Operating Partnership and the General Partner agree to indemnify
and hold harmless any Indemnified Holder from and against any loss, claim,
damage, liability or expense by reason of any settlement of any action effected
with the written consent of the indemnifying party. Notwithstanding the
immediately preceding sentence, if at any time an Indemnified Holder shall have
requested an indemnifying party to reimburse the Indemnified Holder for fees and
expenses of counsel as contemplated by the second sentence of this paragraph,
the indemnifying party agrees that it shall be liable for any settlement of any
proceeding effected without its written consent (unless such consent has been
reasonably withheld) if (i) such settlement is entered into more than twenty
business days after receipt by such indemnifying party of the aforesaid request
and (ii) such indemnifying party shall not have reimbursed the Indemnified
Holder in accordance with such request prior to the date of such settlement
(unless the right to such reimbursement shall have been previously disputed in
good faith). Neither the Issuers, the Operating Partnership nor the General
Partner shall, without the prior written consent of each Indemnified Holder,
settle or compromise or consent to the entry of judgment in or otherwise seek to
terminate any pending or threatened action, claim, litigation or proceeding in
respect of which indemnification or contribution may be sought hereunder
(whether or not any Indemnified Holder is a party thereto), unless such
settlement, compromise, consent or termination includes a release of each
Indemnified Holder from all liability arising out of such action, claim,
litigation or proceeding to at least the same extent as any release of the
Issuers, the Operating Partnership or the General Partner obtained in connection
with such settlement.

        (b) Each Holder of Transfer Restricted Securities agrees, severally and
not jointly, to indemnify and hold harmless the Issuers, the Operating
Partnership and the General Partner and their respective directors, officers,
partners, employees or representatives, and any person controlling (within the
meaning of Section 15 of the Act or Section 20 of the Exchange Act) the Issuers,
the Operating Partnership and the General Partner, and the respective officers,
directors, partners, employees, representatives and agents of each such person,
to the same extent as the foregoing indemnity from the Issuers, the Operating
Partnership and the General Partner to each of the Indemnified Holders, but only
with respect to claims and actions based on information furnished in writing by
such Holder expressly for use in any Registration Statement. In case any action
or proceeding shall be brought against the Issuers, the Operating Partnership or
the General Partner or the directors or officers of Finance Corp. or the General
Partner or any such controlling person in respect of which indemnity may be
sought against a Holder of Transfer Restricted Securities, such Holder shall
have the rights and duties given the Issuers, the Operating Partnership and the
General Partner or the directors or officers of Finance Corp. or the

                                       18
<PAGE>
General Partner or such controlling person shall have the rights and duties
given to each Holder by the preceding paragraph. In no event shall the liability
of any selling Holder hereunder be greater in amount than the dollar amount of
the proceeds received by such Holder upon the sale of the Registrable Securities
giving rise to such indemnification obligation.

        (c) If the indemnification provided for in this Section 8 is unavailable
to an indemnified party under Section 8(a) or Section 8(b) hereof (other than by
reason of exceptions provided in those Sections) in respect of any losses,
claims, damages, liabilities or expenses referred to therein, then each
applicable indemnifying party, in lieu of indemnifying such indemnified party,
shall contribute to the amount paid or payable by such indemnified party as a
result of such losses, claims, damages, liabilities or expenses in such
proportion as is appropriate to reflect the relative benefits received by the
Issuers, the Operating Partnership and the General Partner on the one hand and
the Holders on the other hand from their sale of Transfer Restricted Securities
or if such allocation is not permitted by applicable law, the relative fault of
the Issuers, the Operating Partnership and the General Partner on the one hand
and of the Indemnified Holder on the other in connection with the statements or
omissions which resulted in such losses, claims, damages, liabilities or
expenses, as well as any other relevant equitable considerations. The relative
fault of the Issuers, the Operating Partnership and the General Partner on the
one hand and of the Indemnified Holder on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Issuers, the Operating Partnership and
the General Partner or by the Indemnified Holder and the parties' relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. The amount paid or payable by a party as a result of
the losses, claims, damages, liabilities and expenses referred to above shall be
deemed to include, subject to the limitations set forth in the second paragraph
of Section 8(a), any legal or other fees or expenses reasonably incurred by such
party in connection with investigating or defending any action or claim.

        The Issuers, the Operating Partnership and the General Partner and each
Holder of Transfer Restricted Securities agree that it would not be just and
equitable if contribution pursuant to this Section 8(c) were determined by pro
rata allocation (even if the Holders were treated as one entity for such
purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in the immediately preceding paragraph. The
amount paid or payable by an indemnified party as a result of the losses,
claims, damages, liabilities or expenses referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 8, none of the Holders (and its
related Indemnified Holders) shall be required to contribute, in the aggregate,
any amount in excess of the amount by which the total proceeds received by such
Holder with respect to the Series A Notes exceeds the amount of any damages
which such Holder has otherwise been required to pay by reason of such untrue or
alleged untrue statement or omission or alleged omission. No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. The Holders' obligations to contribute pursuant to
this Section 8(c) are several in proportion to

                                       19
<PAGE>
the respective principal amount of Series A Notes held by each of the Holders
hereunder and not joint.

SECTION 9. RULE 144A

        The Issuers hereby agree with each Holder, for so long as any Transfer
Restricted Securities remain outstanding, to make available to any Holder or
beneficial owner of Transfer Restricted Securities in connection with any sale
thereof and any prospective purchaser of such Transfer Restricted Securities
from such Holder or beneficial owner, the information required by Rule
144A(d)(4) under the Act in order to permit resales of such Transfer Restricted
Securities pursuant to Rule 144A.

SECTION 10. PARTICIPATION IN UNDERWRITTEN REGISTRATIONS

        No Holder may participate in any Underwritten Registration hereunder
unless such Holder (a) agrees to sell such Holder's Transfer Restricted
Securities on the basis provided in any underwriting arrangements approved by
the Persons entitled under Section 11 hereof to approve such arrangements and
(b) completes and executes all reasonable questionnaires, powers of attorney,
indemnities, underwriting agreements, lock-up letters and other documents
required under the terms of such underwriting arrangements.

SECTION 11. SELECTION OF UNDERWRITERS

        The Holders of Transfer Restricted Securities covered by the Shelf
Registration Statement who desire to do so may sell such Transfer Restricted
Securities in an Underwritten Offering. In any such Underwritten Offering, the
investment banker or investment bankers and manager or managers that will
administer the offering will be selected by the Holders of a majority in
aggregate principal amount of the Transfer Restricted Securities included in
such offering; provided, that such investment bankers and managers must be
reasonably satisfactory to the Issuers, it being understood that the Issuers may
reasonably object to any underwriter if the selection of such underwriter would
require the engagement of a "qualified independent underwriter" under the rules
and regulations of the NASD.

SECTION 12. MISCELLANEOUS

        (a) No Inconsistent Agreements. Neither the Issuers, the Operating
Partnership nor the General Partner will on or after the date of this Agreement
enter into any agreement with respect to its securities that is inconsistent
with the rights granted to the Holders in this Agreement or otherwise conflicts
with the provisions hereof. The rights granted to the Holders hereunder do not
in any way conflict with and are not inconsistent with the rights granted to the
holders of the Issuers' securities under any agreement in effect on the date
hereof.

        (b) Adjustments Affecting the Notes. Neither the Issuers, the Operating
Partnership nor the General Partner will take any action, or permit any change
to occur, with respect to the Notes that would materially and adversely affect
the ability of the Holders to Complete any Exchange Offer.

                                       20
<PAGE>
        (c) Amendments and Waivers. The provisions of this Agreement may not be
amended, modified or supplemented, and waivers or consents to or departures from
the provisions hereof may not be given unless the Issuers have obtained the
written consent of Holders of a majority of the outstanding principal amount of
Transfer Restricted Securities. Notwithstanding the foregoing, a waiver or
consent to departure from the provisions hereof that relates exclusively to the
rights of Holders whose securities are being tendered pursuant to the Exchange
Offer and that does not affect directly or indirectly the rights of other
Holders whose securities are not being tendered pursuant to such Exchange Offer
may be given by the Holders of a majority of the outstanding principal amount of
Transfer Restricted Securities being tendered or registered.

        (d) Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand delivery, first-class mail
(registered or certified, return receipt requested), telecopier, electronic
communication or air courier guaranteeing overnight delivery:

                (i) if to a Holder, at the address set forth on the records of
        the Registrar under the Indenture, with a copy to the Registrar under
        the Indenture; and

                (ii) if to the Issuers, the Operating Partnership or the General
        Partner:

        If by mail:
                      AmeriGas Propane, Inc.
                      460 North Gulph Road Box 965
                      Valley Forge, Pennsylvania 19482
                      Telecopier No.:  610-992-3258
                      Attention: Brendan P. Bovaird, Esq.

        If by overnight courier:
                      AmeriGas Propane, Inc.
                      460 North Gulph Road
                      King of Prussia, Pennsylvania 19406
                      Attention: Brendan P. Bovaird, Esq.

                                       21
<PAGE>
        With a copy to:
                      Weil Gotshal & Manges LLP
                      767 Fifth Avenue
                      New York, New York  10153
                      Telecopier No.:  212-310-8715
                      Attention: David G. Schwartz, Esq.

        All such notices and communications shall be deemed to have been duly
given: at the time delivered by hand, if personally delivered; five Business
Days after being deposited in the mail, postage prepaid, if mailed; when receipt
acknowledged, if delivered by electronic communication; when receipt
acknowledged, if telecopied, and on the next business day, if timely delivered
to an air courier guaranteeing overnight delivery.

        Copies of all such notices, demands or other communications shall be
concurrently delivered by the Person giving the same to the Trustee at the
address specified in the Indenture.

        (e) Successors and Assigns. This Agreement shall inure to the benefit of
and be binding upon the successors and assigns of each of the parties, including
without limitation and without the need for an express assignment, subsequent
Holders of Transfer Restricted Securities; provided, however, that this
Agreement shall not inure to the benefit of or be binding upon a successor or
assign of a Holder unless and to the extent such successor or assign acquired
Transfer Restricted Securities from such Holder.

        (f) Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

        (g) Headings. The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning hereof.

        (h) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. WITHOUT REGARD TO THE
CONFLICT OF LAW RULES THEREOF.

        (i) Severability. In the event that any one or more of the provisions
contained herein, or the application thereof in any circumstance, is held
invalid, illegal or unenforceable, the validity, legality and enforceability of
any such provision in every other respect and of the remaining provisions
contained herein shall not be affected or impaired thereby.

        (j) Entire Agreement. This Agreement together with the other Operative
Documents (as defined in the Purchase Agreement) is intended by the parties as a
final expression of their agreement and intended to be a complete and exclusive
statement of the agreement and understanding of the parties hereto in respect of
the subject matter contained herein. There are no restrictions, promises,
warranties or undertakings, other than those set forth or referred to herein
with respect to the registration rights granted by the Issuers with respect to
the Transfer

                                       22
<PAGE>
Restricted Securities. This Agreement supersedes all prior agreements and
understandings between the parties with respect to such subject matter.

                                       23
<PAGE>
        IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                            AMERIGAS PARTNERS, L.P.
                            By: AmeriGas Propane, Inc., its General Partner

                            By: _________________________
                              Name: Martha B. Lindsay
                              Title: Vice President and Chief Financial Officer

                            AP EAGLE FINANCE CORP.

                            By: _________________________
                              Name: Martha B. Lindsay
                              Title: Vice President and Chief Financial Officer

                            AMERIGAS PROPANE, INC.

                            By: _________________________
                              Name: Martha B. Lindsay
                              Title: Vice President and Chief Financial Officer

                            AMERIGAS PROPANE, L.P.
                            By: AmeriGas Propane, Inc., its general partner

                            By: _________________________
                              Name: Martha B. Lindsay
                              Title: Vice President and Chief Financial Officer

                                       24
<PAGE>
        We have executed the Registration Rights Agreement as of the date first
written above.

                            CREDIT SUISSE FIRST BOSTON CORPORATION

                            By:_____________________________
                              Name:
                              Title:

                            SALOMON SMITH BARNEY INC.

                            By:_____________________________
                              Name:
                              Title:

                                       25

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