Document:

<PAGE>

                                                                    Exhibit 10.4

                                                                 Execution Draft

                              AMENDED AND RESTATED
                                 LEASE AGREEMENT

                               DATED MAY 23, 2003

                                     Between

   U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely
      as successor Owner Trustee to State Street Bank and Trust Company of
     Connecticut, National Association, under the Amended and Restated Trust
 Agreement (1997-D) dated as of May 23, 2003 and PATRICK E. THEBADO, not in his
individual capacity, but solely as successor Co-Trustee to Dori Anne Seakas, as
   successor Co-Trustee to Traci Hopkins, under the Amended and Restated Trust
             Agreement (1997-D) dated as of May 23, 2003, as Lessor,

                                       and

                              BANK OF AMERICA, N.A.
                                    as Lessee

                         Office Buildings Located in the
                           Southeastern United States

TO THE EXTENT THAT THIS AMENDED AND RESTATED LEASE AGREEMENT CONSTITUTES CHATTEL
PAPER (AS SUCH TERM IS DEFINED IN THE UNIFORM COMMERCIAL CODE AS IN EFFECT IN
ANY APPLICABLE JURISDICTION), NO SECURITY INTEREST IN THIS AMENDED AND RESTATED
LEASE AGREEMENT MAY BE CREATED THROUGH THE TRANSFER OR POSSESSION OF ANY
COUNTERPART OTHER THAN ORIGINAL COUNTERPART NO. 1 THAT CONTAINS THE RECEIPT
THEREFOR EXECUTED BY WELLS FARGO BANK NORTHWEST, NATIONAL ASSOCIATION, AS
INDENTURE TRUSTEE, ON OR FOLLOWING THE SIGNATURE PAGE THEREOF.

<PAGE>

                                    CONTENTS

<TABLE>
<CAPTION>
Section                                                                                              Page
<S>   <C>                                                                                             <C>
1.    DEFINITIONS......................................................................................1
2.    LEASE OF THE PROPERTIES; RESTATEMENT.............................................................1
      2.1      Ownership and Lease.....................................................................1
      2.2      Demise and Lease........................................................................2
      2.3      Restatement.............................................................................2
3.    RENT; FMV LEASE..................................................................................2
      3.1      Basic Rent; FMV Lease...................................................................2
      3.2      Supplemental Rent.......................................................................4
      3.3      Method of Payment.......................................................................4
      3.4      Late Payment............................................................................5
      3.5      Net Lease; No Setoff; Etc...............................................................5
      3.6      Limitations on Rent.....................................................................6
4.    RECOMPUTATIONS...................................................................................7
      4.1      Adjustments.............................................................................7
      4.2      Methodology for Adjustments.............................................................7
      4.3      Supplements.............................................................................7
5.    RENEWAL OPTIONS..................................................................................7
      5.1      Renewal Options.........................................................................7
      5.2      Lease Provisions Applicable.............................................................9
6.    EARLY TERMINATION;...............................................................................9
      6.1      Early Termination Options...............................................................9
      6.2      Obsolescence Termination...............................................................13
      6.3      Effect of Termination..................................................................14
      6.4      Adjustment of Termination Percentages..................................................14
      6.5      Demising Work..........................................................................15
      6.6      Sublessee Options......................................................................16
7.    CONDITION AND USE OF PROPERTIES.................................................................17
      7.1      Waivers................................................................................17
8.    LIENS; TAXES....................................................................................18
      8.1      Liens..................................................................................18
      8.2      Taxes..................................................................................19
9.    MAINTENANCE AND REPAIR; ALTERATIONS, MODIFICATIONS AND ADDITIONS................................20
      9.1      Maintenance and Repair.................................................................20
      9.2      Alterations............................................................................21
      9.3      Title to Alterations...................................................................24
      9.4      Permitted Contests.....................................................................24
      9.5      Environmental Compliance...............................................................25
10.   USE AND LOCATION................................................................................25
      10.1     Location...............................................................................25
      10.2     Use....................................................................................26
11.   INSURANCE.......................................................................................26
      11.1     Coverage...............................................................................26
      11.2     Policy Provisions......................................................................27
      11.3     Evidence of Insurance..................................................................29
</TABLE>

                                        i

<PAGE>

<TABLE>
<S>   <C>                                                                                             <C>
12.   RETURN OF LEASED PROPERTY.......................................................................29
13.   ASSIGNMENT......................................................................................30
14.   LOSS, DESTRUCTION, CONDEMNATION OR DAMAGE.......................................................30
      14.1     Payment of Stipulated Loss Value on an Event of Loss...................................30
      14.2     Application of Payments When Lease Continues...........................................32
      14.3     Payment of Stipulated Loss Value on an Event of Taking.................................32
      14.4     Application of Certain Payments Not Relating to an Event of Taking.....................33
      14.5     Other Dispositions.....................................................................34
      14.6     Negotiations...........................................................................34
      14.7     No Rent Abatement......................................................................34
      14.8     Investment.............................................................................34
15.   INTEREST CONVEYED TO LESSEE.....................................................................34
16.   SUBLEASE........................................................................................35
      16.1     Sublease Requirements..................................................................35
      16.2     Assignment of Subleases................................................................38
      16.3     Sublessor Improvements.................................................................38
17.   INSPECTION, REPORTS AND NOTICES.................................................................39
      17.1     Inspection.............................................................................39
      17.2     Reports................................................................................39
      17.3     Notices from Governmental Authorities..................................................39
18.   LEASE EVENTS OF DEFAULT.........................................................................39
19.   ENFORCEMENT.....................................................................................41
      19.1     Remedies...............................................................................41
      19.2     Survival of the Lessee's Obligations...................................................43
      19.3     Remedies Cumulative; No Waiver; Consents...............................................44
20.   RIGHT TO PERFORM FOR THE LESSEE.................................................................44
21.   MISCELLANEOUS...................................................................................44
      21.1     Binding Effect; Successors and Assigns; Survival.......................................44
      21.2     Quiet Enjoyment........................................................................45
      21.3     Notices................................................................................45
      21.4     Severability...........................................................................45
      21.5     Amendment; Complete Agreements.........................................................45
      21.6     Headings...............................................................................46
      21.7     Counterparts...........................................................................46
      21.8     Governing Law..........................................................................46
      21.9     Apportionments.........................................................................46
      21.10    Discharge of the Lessee's Obligations by its Sublessees................................46
      21.11    Nature of Lessor's Obligations.........................................................46
      21.12    Estoppel Certificates..................................................................47
      21.13    Granting of Easements..................................................................47
      21.14    No Joint Venture.......................................................................48
      21.15    No Accord and Satisfaction.............................................................48
      21.16    No Merger..............................................................................48
      21.17    Investment of Funds....................................................................48
      21.18    True Lease.............................................................................49
</TABLE>

                                       ii

<PAGE>

Appendix A     Definitions

Exhibit A      Form of FMV Lease
Exhibit B      Form of Sublease
Exhibit C      Form of Bank Branch Lease
Exhibit D      Form of Subordination, Non-Disturbance And Attornment Agreement
Exhibit E      Form of AFR Sublease
Exhibit F      Form of Partial Occupancy Lease
Schedule 1     Stipulated Loss Value
Schedule 2     Section 9.2(d) Dates
Schedule 3     Land and Improvement Description and Lessor's Cost
Schedule 4     Basic Rent

                                       iii

<PAGE>

AMENDED AND RESTATED LEASE AGREEMENT (this Lease) dated as of May 23, 2003

BETWEEN:

(1)  U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely
     as successor Owner Trustee (the Owner Trustee) to State Street Bank and
     Trust Company of Connecticut, National Association, under the Amended and
     Restated Trust Agreement (1997-D) dated as of May 23, 2003 (the Trust
     Agreement (1997-D)) and PATRICK E. THEBADO, not in his individual capacity,
     but solely as successor Co-Trustee (the Co-Trustee) to Dori Anne Seakas, as
     successor Co-Trustee to Traci Hopkins, under the Trust Agreement (1997-D)
     (the Owner Trustee as the lessor of the Lessor Properties in states other
     than the Co-Trustee States and the Co-Trustee as the lessor of the Lessor
     Properties in the Co-Trustee States separately or together, as applicable,
     the Lessor); and

(2)  BANK OF AMERICA, N.A., a national banking association, as the lessee (the
     Lessee).

WHEREAS

(A)  the Lessee (as successor to Nationsbank, N.A.) was a party to each of (i)
     that certain Lease Agreement (1997-C) dated as of June 4, 1997 (Lease C)
     with State Street Bank and Trust Company of Connecticut, National
     Association, as owner trustee under the Trust Agreement (1997-C) dated as
     of June 4, 1997 (the Trust Agreement (1997-C)), and Traci Hopkins, as
     co-trustee under Trust Agreement (1997-C) (together the C Lessor) and (ii)
     that certain Lease Agreement (1997-D) dated as of June 4, 1997 (Lease D)
     with Lessor;

(B)  the Owner Trustee in its capacity as owner trustee under Trust Agreement
     (1997-D) has acquired (i) all interest of the C Lessor in the Properties
     and in Lease C; and (ii) all interest of each of REMAN 1997-C, Inc. and
     REMAN 1997-D, Inc. in the Properties; and

(C)  the Lessor and the Lessee wish to amend and restate both of Lease C and
     Lease D in this Lease.

In consideration of the mutual agreements herein contained and other good and
valuable consideration, receipt of which is hereby acknowledged, the parties
hereto, intending to be legally bound, hereby agree as follows:

1.   DEFINITIONS

     The capitalized terms used herein and not otherwise defined shall have the
     meanings assigned thereto in Appendix A hereto for all purposes hereof.

2.   LEASE OF THE PROPERTIES; RESTATEMENT

2.1  Ownership and Lease

     The parties acknowledge that this Lease constitutes a lease of, and creates
     in the Lessee as described in Section 2.2 a leasehold estate in and to the
     Properties.

<PAGE>

2.2  Demise and Lease

     Since the Original Closing Date the Lessor and its predecessors in interest
     have demised and leased, and on the Closing Date, the Lessor shall continue
     to demise and lease, all of its right, title and interest in and to the
     Properties listed in Schedule 3 hereto to the Lessee, and since the
     Original Closing Date the Lessee has rented and leased, and on the Closing
     Date the Lessee shall continue to rent and lease, the respective Properties
     from the Lessor, for the Basic Term and, subject to the exercise by the
     Lessee of its renewal options as provided in and in accordance with Article
     5 hereof, for the Renewal Terms, unless earlier terminated in accordance
     with the provisions of this Lease. The Lessee may from time to time own or
     hold under lease from Persons other than the Lessor, furniture, trade
     fixtures, equipment and other personalty located on or about the Properties
     that are not subject to this Lease. The Lessor shall from time to time,
     upon the reasonable request of the Lessee, at the Lessee's expense,
     promptly acknowledge in writing to the Lessee or other Persons that the
     Lessor does not own or have any other right or interest in or to such
     furniture, trade fixtures, personalty and equipment. The demise and lease
     of the Properties pursuant to this Article 2 shall include any additional
     right, title or interest in the Properties which may at any time be
     acquired by the Lessor.

2.3  Restatement

     The Original Leases are hereby amended and restated by this Lease without
     any interruption and with all rights and obligations accruing prior to the
     date hereof continuing after the date hereof under this Lease.

3.   RENT; FMV LEASE

3.1  Basic Rent; FMV Lease

(a)  Lessee shall pay to Lessor Basic Rent for the Properties subject to this
     Lease equal to the sum of the Scheduled Basic Rent and the Additional Basic
     Rent. Scheduled Basic Rent shall equal on each Rent Payment Date during the
     Basic Term the amounts for the periods shown in Schedule 4 hereto (which
     amounts shall be subject to adjustment pursuant to Article 4 hereof). If
     for any reason a Property is terminated from this Lease pursuant to a
     Terminating Event, Scheduled Basic Rent on and after the date of such
     termination shall be (x) the Scheduled Basic Rent as in effect just prior
     to such termination less an amount calculated by multiplying (y) such
     Scheduled Basic Rent by a fraction (z) the numerator of which is the
     Lessor's Cost of such Property and the denominator of which is Assumed
     Lessor's Cost.

(b)  The Scheduled Basic Rent amounts set forth on Schedule 4 hereto have been
     computed based on the assumption, inter alia, that the Lessee will elect to
     terminate this Lease (or exercise its option to sublease pursuant to
     Section 6.1(f)) with respect to certain Properties at the earliest dates
     and in the highest percentages permitted in accordance with Section 6.1(a)
     hereof. Should the Lessee not so elect, or elect to terminate this Lease
     (or exercise its option to sublease pursuant to Section 6.1(f)) with
     respect to some Properties but less than the maximum percentages set forth
     in such Section 6.1(a) on an Anniversary, then Basic Rent payable on each
     Rent Payment Date (which for this purpose means every date shown on
     Schedule 4 hereto after such Anniversary and for such period of time as
     there remain more Properties subject to this Lease (and not subject to a
     sublease pursuant to Section 6.1(f)) than the Lessee is permitted to
     terminate pursuant to Section 6.1(a)), including the Basic Rent due on the
     Rent Payment Date on which such Property is terminated, shall be increased
     by one twelfth of the Average Annual Rent Factor multiplied by

                                        2

<PAGE>

     the cumulative amount of Lessor's Cost of the Properties (or portion
     thereof) permitted by Section 6.1(a) of this Lease to be terminated (or so
     subleased) under this Lease as of such Rent Payment Date, but not then so
     terminated (or so subleased) (such increase being referred to as Additional
     Basic Rent).

(c)  In the event Lessee is permitted under Section 6.1(a) of this Lease to
     terminate this Lease as to one or more Properties, but Lessee has not
     elected to do so, Lessee may, subject to the terms of Section 3.1(d), by
     notice to Lessor at least 180 days prior to any Anniversary, terminate such
     Property or Properties from this Lease (any Properties so terminated, the
     FMV Properties), in which event, effective as of such Anniversary, (i) the
     FMV Properties will be terminated from this Lease, (ii) a Termination
     Transferee, and Lessee shall enter into a FMV Lease with respect to such
     FMV Properties or, subject to Section 3.1(f), portions thereof, and (iii)
     the Basic Rent for each such FMV Property (or portion thereof) shall (from
     and after such Anniversary during the remainder of the Basic Term and any
     Renewal Term under the applicable FMV Lease) be equal to the Fair Market
     Rental Value of such FMV Property (or portion thereof). Such notice may be
     revoked by the Lessee for any reason up to 60 days prior to such
     Anniversary. Each FMV Lease shall be for a term selected by the Lessee
     which is not less than five, nor more than ten years, and at the end of
     such term may be terminated or renewed with rent calculations as described
     above in this paragraph. FMV Properties shall be considered to have been
     terminated from this Lease for purposes of determining whether or not the
     Total Joint Maximum Cumulative Percentages set forth in Section 6.1(a) have
     been exceeded and for purposes of Section 3.1(a) and (b), it being
     understood that Properties with respect to which a termination notice has
     been so revoked shall not be considered to have been so terminated from
     this Lease for such purposes. For the avoidance of doubt, the Basic Rent
     amounts payable on any Rent Payment Date shall not be reduced in connection
     with or as a result of any termination of one or more FMV Properties from
     this Lease. At any time between 360 days and 180 days before an Anniversary
     the Lessee may initiate the Appraisal Procedure to determine the Fair
     Market Rental Value for one or more Properties (or any portion thereof) to
     assist the Lessee in determining whether to enter into a FMV Lease with
     respect thereto and the Lessor and the Owner Participant shall cooperate
     with such request.

(d)  If this Lease is terminated as to a Property pursuant to Section 3.1(c) at
     a time when the Security Documents are in effect and at a time when such
     Property shall be released from the Lien of the Security Documents in
     accordance with Section 11.01 of the Indenture or with the written consent
     of the Indenture Trustee, upon such termination, such Property shall be
     transferred by the Lessor to a Termination Transferee, in all cases at the
     cost and expense of the Owner Participant (but with Transfer and similar
     taxes being apportioned between Owner Participant and Lessee if the
     transfer is to the Recourse Guarantor or an Affiliate of the Recourse
     Guarantor with Lessee paying such portion of the Transfer and similar taxes
     as are determined by multiplying such taxes by a fraction, the numberator
     of which is the Lessor's Cost of the portion of the FMV Property subject to
     the FMV Lease and the denominator of which is the total Lessor's Cost of
     the FMV Property). When an FMV Property is terminated from this Lease, so
     long as no Special Default or Lease Event of Default is continuing at the
     time of such termination, it shall become subject to a FMV Lease between a
     Termination Transferee and the Lessee. The Lessee and, as a condition to
     such transfer, such Termination Transferee shall execute and deliver,
     subject to satisfaction of the conditions set forth in paragraph (e) below,
     an FMV Lease for each such FMV Property (or, subject to Section 3.1(f), a
     portion thereof selected by the Lessee) prior to the commencement of the
     FMV Lease Term.

                                        3

<PAGE>

(e)  As a condition to a Termination Transferee entering into an FMV Lease, the
     Lessee shall deliver to such Termination Transferee (i) an opinion of an
     in-house counsel to Lessee regarding such FMV Lease of the same scope as
     that delivered on the Original Closing Date and (ii) an Officer's
     Certificate that no Lease Event of Default or Special Default is
     continuing.

(f)  A portion of any Property (as opposed to such Property in its entirety) can
     only be included as a FMV Property if (i) such portion consists of one or
     more entire floors of the relevant Property and does not include any
     partial floors and (ii) the Security Documents are no longer in effect or
     the relevant Property shall from and after the date of the proposed FMV
     Lease be released from the Lien of the Security Documents in accordance
     with Section 11.01 of the Indenture or with the written consent of the
     Indenture Trustee.

(g)  In the event that a FMV Lease with respect to a portion of a Property can
     not be entered into as a result of the failure of the conditions set forth
     in Section 3.1(f)(ii) to be satisfied, this Lease will not be terminated
     with respect to such Property pursuant to Section 3.1(c) and the Lessee
     shall have the option to sublease the portion of such Property which the
     Lessee did not wish to lease pursuant to the proposed FMV Lease, to a
     Termination Transferee selected by the Lessor (which must either be the
     Recourse Guarantor or an entity guaranteed by the Recourse Guarantor) and
     the Lessor shall permit such sublease pursuant to an AFR Sublease. Any
     portion of a Property subleased to a Termination Transferee pursuant to an
     AFR Sublease shall be considered to have been terminated from this Lease
     for purposes of determining whether or not the Total Joint Maximum
     Cumulative Percentages in Section 6.1(a) have been exceeded and for
     purposes of Section 3.1(a) and (b).

3.2  Supplemental Rent

     The Lessee shall pay to the Lessor, or to whomever shall be entitled
     thereto as expressly provided herein or in any other Operative Document to
     which the Lessee is a party, any and all Supplemental Rent promptly as the
     same shall become due and payable and in the event of any failure on the
     part of the Lessee timely to pay any Supplemental Rent (taking into account
     any applicable notice and cure period requirements), the Lessor shall have
     all of the same rights, powers and remedies as are provided for herein or
     by law or in equity or otherwise in the case of nonpayment of Basic Rent.
     All Supplemental Rent to be paid pursuant to this Section 3.2 shall be
     payable in the type of funds and in the manner set forth in Section 3.3. As
     further Supplemental Rent, Lessee shall pay the Redemption Premium arising
     as the result of the prepayment of any Secured Note pursuant to clauses
     (b), (c), (d) or (f) of Section 2.04 of the Indenture, if any, when due and
     payable under the Security Documents.

3.3  Method of Payment

     Basic Rent and Supplemental Rent (to the extent payable to the Lessor)
     shall be paid to the Lessor at the place in the United States specified by
     the Lessor. Payments to the Lessor shall be made to Lessor's Account at US
     Bank, NA; ABA #: 091-000-022; A/C #: 173103321092; f/c: US Bank A/C #
     MAN4462; Ref: Nationsbank 1997 Series, which location may be changed from
     time to time by at least ten (10) Business Days' prior written notice from
     the Lessor; provided, that (x) until the Lien of the Security Documents has
     been discharged in accordance with Section 11.01 of the Indenture or the
     terms of the Maryland Security Documents, as applicable, except as provided
     in the following clause (y), all Rent shall be payable directly to the
     Indenture Trustee at such account in the United States as specified in
     writing by the Indenture Trustee pursuant to the terms of the Indenture and
     (y) Excepted Payments shall be payable directly to the Person entitled

                                        4

<PAGE>

     thereto. Each payment of Rent shall be made by the Lessee in funds
     consisting of lawful currency of the United States of America which shall
     be immediately available prior to 11:00 a.m. New York City time on the
     scheduled date when such payment shall be due, unless such scheduled date
     shall not be a Business Day, in which case such payment shall be made on
     the next succeeding Business Day, with the same force and effect as though
     made on such scheduled date and (provided such payment is made on such next
     succeeding Business Day) no interest shall accrue on the amount of such
     payment from and after such scheduled date to the time of such payment on
     such next succeeding Business Day.

3.4  Late Payment

     If any Rent shall not be paid when due, the Lessee shall pay to the Lessor
     (or, in the case of Supplemental Rent, to whomever shall be entitled
     thereto) as Supplemental Rent, interest (to the maximum extent permitted by
     law) on such overdue amount from and including the due date thereof to but
     excluding the Business Day of payment thereof (unless such payment shall be
     made after 11:00 a.m. New York City time, on such date of payment, in which
     case such date of payment shall be included) at the Overdue Rate. If any
     Rent shall be paid on the date when due, but after 11:00 a.m. New York City
     time, interest shall be payable as aforesaid for one day.

3.5  Net Lease; No Setoff; Etc.

     This Lease is a net lease and, notwithstanding any other provision of this
     Lease or any other Operative Document, it is intended that Basic Rent and
     Supplemental Rent and any other amounts payable hereunder shall be paid
     without, and the rights of the Lessor in and to all such amounts shall not
     be subject to, counterclaim, setoff, deduction or defense and without
     abatement, suspension, deferment, diminution or reduction, and the Lessee's
     obligation to pay all such amounts, throughout the Basic Term and all
     applicable Renewal Terms, is absolute and unconditional. Except to the
     extent otherwise expressly specified in Article IX of the Participation
     Agreement or in Sections 4.1, 19.1(c), 19.1(d), 19.1(e) or 19.1(f) or
     Article 6 or 14 of this Lease, the obligations and liabilities of the
     Lessee hereunder shall in no way be released, discharged or otherwise
     affected for any reason, including without limitation: (a) any defect in
     the condition, merchantability, design, quality or fitness for use of the
     Properties or any part thereof or any failure of the Properties to comply
     with plans and specifications, or the failure of the Properties or any part
     thereof or the plans and specifications to comply with all Applicable Laws
     and Regulations, including any inability to occupy or use the Properties or
     any part thereof by reason of such noncompliance; (b) any damage to,
     removal, abandonment, salvage, loss, scrapping or destruction of or any
     requisition or taking of the Properties or any part thereof or any
     environmental conditions on the Properties including the presence of
     Hazardous Materials at, on or under the Properties or any part thereof or
     any property in the vicinity of the Properties; (c) any restriction,
     prevention or curtailment of or interference with any use of the Properties
     or any part thereof including eviction; (d) any defect in title to or
     rights to the Properties or any part thereof or any Lien on such title or
     rights or on the Properties or any part thereof; (e) any change, waiver,
     extension, indulgence or other action or omission or breach in respect of
     any obligation or liability of or by the Lessor, the Owner Participant, the
     Indenture Trustee or any other Person; (f) any bankruptcy, insolvency,
     reorganization, composition, adjustment, dissolution, liquidation or other
     like proceedings relating to the Lessee, the Lessor, the Owner Participant,
     the Indenture Trustee or any other Person, or any action taken with respect
     to this Lease by any trustee or receiver of the Lessee, the Lessor, the
     Owner Participant, the Indenture Trustee or any other Person, or by any
     court, in any such proceeding; (g) any claim that the Lessee has or might
     have against any Person, including without limitation the Lessor, the Owner
     Participant, any vendor,

                                        5

<PAGE>

     manufacturer, contractor of or for any Improvement or the Indenture
     Trustee; (h) any failure on the part of the Lessor to perform or comply
     with any of the terms of this Lease, any other Operative Document or of any
     other agreement whether or not related to the Overall Transaction; (i) any
     invalidity or unenforceability or disaffirmance of this Lease against or by
     the Lessee or any provision hereof or any of the other Operative Documents
     or any provision of any thereof; (j) the impossibility of performance by
     any one or more of the Lessee, the Lessor, the Owner Participant, or any
     other Person; (k) any action by any court, administrative agency or other
     Governmental Authority; (l) any claim by any Person based upon a failure to
     record this Lease (or any memorandum or short form agreement with respect
     to this Lease) or the Indenture or to file precautionary financing
     statements with respect to the Lease in the State of Maryland, including
     any termination or attempted termination of the Lessee's rights to
     possession of any or all of the Properties located in such state in
     connection with the assertion of such claim; or (m) any other occurrence
     whatsoever, whether similar or dissimilar to the foregoing, whether or not
     the Lessee shall have notice or knowledge of any of the foregoing. Except
     as specifically set forth in Article 6 or 14 of this Lease or Article IX of
     the Participation Agreement, this Lease shall be noncancelable by the
     Lessee for any reason whatsoever and, except as expressly provided in
     Section 4.1 or Article 6 or 14 of this Lease or Article IX of the
     Participation Agreement, the Lessee, to the extent permitted by Applicable
     Laws and Regulations, waives all rights now or hereinafter conferred by
     Applicable Laws and Regulations or otherwise to quit, terminate or
     surrender this Lease, or to any diminution, abatement or reduction of Rent
     payable by the Lessee hereunder. If for any reason whatsoever this Lease
     shall be terminated in whole or in part by operation of law or otherwise
     except as expressly provided in Section 19.1(a), 19.1(c), 19.1(d), 19.1(e),
     19.1(f) or Article 6 or 14 of this Lease or Article IX of the Participation
     Agreement, the Lessee shall, unless prohibited by Applicable Laws and
     Regulations, nonetheless pay to the Indenture Trustee (if the Security
     Documents are still in effect or, if not, to the Lessor) (or, in the case
     of Supplemental Rent, to whomever shall be entitled thereto) an amount
     equal to each Rent payment at the time and in the manner that such payment
     would have become due and payable under the terms of this Lease if it had
     not been terminated in whole or in part, and in such case, so long as such
     payments are made and no Lease Event of Default shall have occurred and be
     continuing, the Lessor will deem this Lease to have remained in effect.

3.6  Limitations on Rent

     Notwithstanding anything in this Lease to the contrary, (a) at each time
     when Stipulated Loss Value is payable by the Lessee pursuant to this Lease,
     the sum of the following amounts shall be at least sufficient to pay in
     full the aggregate unpaid principal amount then due on the Outstanding
     Notes plus accrued interest and Redemption Premium (arising as the result
     of the prepayment of any Secured Note pursuant to clauses (b), (c), (d) or
     (f) of Section 2.04 of the Indenture), if any, due thereon at such time:
     (i) Stipulated Loss Value payable under this Lease at such time, (ii) all
     Basic Rent accrued and payable under this Lease at such time, and (iii) all
     other amounts unconditionally payable by the Lessee under this Lease in
     connection with such payment of Stipulated Loss Value on or prior to the
     date for payment thereof; and (b) at each time when Basic Rent shall be
     payable by the Lessee pursuant to this Lease, the amount of Basic Rent
     payable on each Rent Payment Date shall be equal to or greater than the
     aggregate amount of principal and accrued interest which becomes due and
     payable on the Notes on such Rent Payment Date; provided that payments due
     from the Lessee shall not be increased by reason of this Section 3.6 as a
     result of a Lessor Lien, or as a result of any amendment or supplement to
     the Operative Documents to which the Lessee did not consent.

                                        6

<PAGE>

3.7  Florida Sales Tax on Rent.

     Simultaneously with each payment of Rent due hereunder with respect to any
     Property located in the State of Florida, Lessee shall pay to Lessor all
     applicable Florida sales tax and any local surtaxes due on such Rent
     payment, provided that so long as there shall be in effect with respect to
     any such Property a certificate of direct payment authority issued to
     Lessee by the Florida Department of Revenue, Lessee shall instead
     self-accrue and remit all such sales tax and local surtaxes due on Rent
     payments with respect to such Property directly to the Florida Department
     of Revenue and shall simultaneously deliver to Lessor copies of all
     documentation delivered to the Florida Department of Revenue with respect
     to each such payment. In the event of any non-payment of the taxes required
     to be paid under this Section 3.7, Lessor shall have all the rights and
     remedies provided for herein or at law in the case of non-payment of Rent.

4.   RECOMPUTATIONS

4.1  Adjustments

     The Basic Rent amounts and Stipulated Loss Values are subject to adjustment
     in accordance with Section 4.2 in the event of any issuance of Additional
     Notes pursuant to Section 11.1(b) of the Participation Agreement.

4.2  Methodology for Adjustments

     In the event Additional Notes are issued pursuant to Section 11.1 of the
     Participation Agreement, (a) the Basic Rent scheduled to be due after such
     issuance shall increase by the amount of the scheduled debt service due
     under such Additional Notes and (b) Stipulated Loss Values shall increase
     on each Stipulated Loss Value Date after such issuance by the amount of
     principal scheduled to be outstanding and the amount of interest scheduled
     to be accrued on such Additional Notes on such Stipulated Loss Value Date
     after taking into account any Basic Rent due on such Stipulated Loss Value
     Date.

4.3  Supplements

     The Lessor and the Lessee shall execute and deliver a supplement to this
     Lease and, if necessary, the Lessor shall execute and deliver a supplement
     to the Indenture and the Maryland Security Documents, if applicable, to
     reflect each such adjustment, provided that each such adjustment shall be
     effective for all purposes of this Lease regardless of whether either such
     supplement is actually executed and delivered.

5.   RENEWAL OPTIONS

5.1  Renewal Options

     So long as no Special Default or Lease Event of Default shall have occurred
     and be continuing at the time(s) the Lessee elects in writing to exercise
     its renewal option(s) hereunder and at the commencement of the applicable
     Renewal Term, the Lessor hereby grants to the Lessee an option to renew
     this Lease for one or more Properties which remain subject to this Lease at
     the time of notice and at the time of renewal (a) subject to the succeeding
     paragraph of this Section 5.1, for up to three successive terms of five
     years each during which Basic Rent shall be equal to the Fixed Rate Renewal
     Rent (each such renewal term being referred to hereinafter as a Fixed Rate

                                        7

<PAGE>

     Renewal Term) or (b) at the expiration of the Fixed Rate Renewal Terms and
     any Fair Market Value Renewal Term for a term selected by the Lessee during
     which Basic Rent shall be equal to the Fair Market Rental Value of the
     Property or Properties which the Lessee elects to be renewed (each such
     renewal term being referred to hereinafter as a Fair Market Value Renewal
     Term; each of the Fixed Rate Renewal Terms and each of the Fair Market
     Value Renewal Terms are referred to hereinafter as Renewal Terms); provided
     that the Fair Market Value Renewal Terms shall be not less than five, nor
     more than ten years and shall not exceed the useful life of the
     Improvements constituting part of the Properties being renewed as
     determined by the Appraisal Procedure at the time of the renewal.

     Notwithstanding the foregoing, Lessee may renew the Properties located at
     (i) 225 North Calvert Street, Baltimore, (ii) 340 Columbia Pike, Arlington,
     (iii) 1111 East Main Street, Richmond, (iv) 830 Central Avenue, St.
     Petersburg, (v) 12125 Veirs Mill Road, Silver Springs, (vi) 2059 Northlake
     Parkway, Tucker, (vii) One Commercial Place, Norfolk and (viii) Two
     Commercial Place, Norfolk (Properties described in clauses (i)-(iv), the
     One Year Properties; Properties described in clause (v) the Four Year
     Properties; and all such Properties, the Wintergreen Properties) for only
     two Fixed Rate Renewal Terms of five years each. If the Lessee desires to
     renew any One Year Property or any Wintergreen Property described in
     clauses (vi)-(viii) at the end of the second Fixed Rate Renewal Term, it
     may either (a) exercise its renewal option (as described in the prior
     paragraph) for a Fair Market Renewal Term (except that, in the case of a
     One Year Property, the Basic Rent during the first year of such Renewal
     Term shall be the Fixed Rate Renewal Rent with respect to such Property and
     during the remaining years of such Renewal Term shall be the Fair Market
     Rental Value as determined prior to the commencement of such Renewal Term)
     or (b) elect (in its renewal notice) to have such One Year Property or such
     Wintergreen Property, as applicable, appraised by an Appraiser to make the
     determinations referred to below as to its then expected remaining useful
     life and expected residual value. Following such appraisal the Lessee may
     renew this Lease for a five year Renewal Term for such One Year Property or
     such Wintergreen Property, as applicable. The Basic Rent during such
     Renewal Term shall be the Fixed Rate Renewal Rent for the Maximum Term, and
     for the balance of such Renewal Term shall be the Fair Market Rental Value
     of such One Year Property or such Wintergreen Property, as applicable, as
     determined prior to the commencement of such Renewal Term. Maximum Term for
     each of the One Year Properties and for each of the Wintergreen Properties
     described in clauses (vi)-(viii) means the lesser of five years and the
     period ending on the date as of which such Appraiser determines that (A)
     the sum of the Basic Term, the Fixed Rate Renewal Terms and such Maximum
     Term does not exceed eighty percent of such Property's remaining economic
     useful life as of the Original Closing Date, and (B) the expected residual
     value of such One Year Property or such Wintergreen Property at the end of
     the Maximum Term is not less than 20 percent of the Lessor's Cost for such
     One Year Property or such Wintergreen Property, determined without regard
     to the effects of inflation or deflation from the Original Closing Date. If
     the Lessee desires to renew any Four Year Property at the end of the second
     Fixed Rate Renewal Term, it may exercise its renewal option (as described
     in the prior paragraph) for a Renewal Term of five years during which the
     Basic Rent for the first four years of the Renewal Term shall be the Fixed
     Rate Renewal Rent and for the last year of the Renewal Term shall be the
     Fair Market Rental Value for such period, determined at the time of the
     renewal. At the end of any such third Renewal Term with respect to any
     Wintergreen Property the Lessee may exercise Fair Market Renewal Terms as
     described in the prior paragraph.

     If the Lessor and the Lessee cannot agree on the amount of the Fair Market
     Rental Value, such Fair Market Rental Value shall be determined by the
     Appraisal Procedure. The first Renewal Term for a Property shall commence
     at the expiration of the Basic Term and each other Renewal

                                        8

<PAGE>

     Term for such Property to commence at the expiration of the preceding
     Renewal Term; provided, however, that in order to exercise such option to
     renew this Lease for any Renewal Term, the Lessee shall give the Lessor
     written notice of its election to renew at least 360 days prior to the
     expiration of the Basic Term or the Renewal Term then in effect, as the
     case may be, provided that such notice may be revoked by the Lessee for any
     reason so long as the Lessor has no less than 270 days' irrevocable notice
     of such revocation prior to the commencement of the new Renewal Term. The
     Lessee shall have no right to extend the Lease Term except as provided in
     this Article 5. During the Renewal Terms, Basic Rent for the Properties
     shall be payable to the Lessor by the Lessee semiannually, in advance, on
     the Rent Payment Dates.

5.2  Lease Provisions Applicable

     All the provisions of this Lease shall be applicable during each Renewal
     Term, except (a) the amount of each installment of Basic Rent which shall
     be determined as provided in Section 5.1 hereof and (b) the Stipulated Loss
     Values for the Properties shall for all Renewal Terms be equal to the
     Stipulated Loss Value for such Properties on the last day of the Basic
     Term.

6.   EARLY TERMINATION;

6.1  Early Termination Options

(a)  The Lessee, for any reason, in its sole discretion, on an Anniversary, or
     annually thereafter on any anniversary of an Anniversary, provided that at
     least 360 days' prior written notice is provided to the Lessor (provided
     that such notice may be revoked by the Lessee for any reason prior to the
     date which is 270 days before the relevant Anniversary or anniversary or as
     permitted pursuant to Section 6.1(d)) may terminate this Lease in
     accordance with this Section 6.1 as to any entire Property or Properties,
     in each case, only if such Property or Properties are not subject to an
     Event of Loss or Event of Taking or any event which with the giving of
     notice or the lapse of time or both would constitute an Event of Loss or
     Event of Taking. Except as otherwise provided herein, if the Lessee so
     elects to terminate this Lease, the Lessee shall vacate such Property
     (unless it becomes subject to a Partial Occupancy Lease or a FMV Lease) on
     or before the Anniversary or anniversary on which this Lease shall
     terminate with respect thereto and return such Property to Lessor in
     accordance with Article 12 of this Lease. In the case of a termination
     relating to one or more of the Bank Branch Properties, if the Lessee so
     elects in the termination notice, the bank lobby space located in some or
     all of the Bank Branch Property or Bank Branch Properties to be terminated
     will then become subject to a Bank Branch Lease. The sum of (i) the
     Lessor's Cost for such Property or Properties to be terminated pursuant to
     this Section 6.1(a) (and for the portion of any Property or Properties to
     be subleased pursuant to an AFR Sublease), plus (ii) the Lessor's Cost for
     any other Property or Properties previously so terminated pursuant to this
     Section 6.1(a) (and any portion of any Property or Properties previously
     subleased pursuant to an AFR Sublease and for any FMV Property or FMV
     Properties terminated pursuant to Section 3.1(c)), plus (iii) $12,996,720
     (which amount represents four percent (4%) of Total Original Lessor's Cost
     which will not be terminated pursuant to this Section 6.1(a) but was
     terminated pursuant to the Original Leases prior to the date hereof, less
     (iv) the Lessor's Cost for any portion of any Property or Properties leased
     to the Lessee pursuant to a Partial Occupancy Lease (but only for so long
     as such portion remains subject to a Partial Occupancy Lease), expressed as
     a percentage of Total Original Lessor's Cost, may not exceed the
     percentages of Total Original Lessor's Cost set forth in the table below,
     except as set forth in the next paragraph and except to the extent
     attributable to less than a single floor of a Property which is to be
     leased pursuant to a Partial Occupancy Lease or subleased pursuant to an
     AFR Sublease.

                                        9

<PAGE>

     Consequently, and in all events (except to the extent attributable to less
     than a single floor of a Property), Properties representing a combined 46%
     of Total Original Lessor's Cost may not be terminated pursuant to the
     Original Leases or pursuant to this Section 6.1(a) (excluding any portion
     of any Property leased to the Lessee pursuant to a Partial Occupancy Lease,
     so long as such portion remains subject to a Partial Occupancy Lease). Any
     termination of Properties pursuant to this Section 6.1(a) shall not result
     in a reduction of Basic Rent. The percentages referenced above are as
     follows:

                        Total Joint
                     Maximum Cumulative
      Anniversary       Percentages
     -------------   ------------------
     June 10, 2004           21%
     June 10, 2009           38%
     June 10, 2015           54%

(b)  In addition to the termination option in paragraph (a) above (and subject
     to the terms thereof with respect to notice and that no Event of Loss or
     Event of Taking or event which with the passage of time or giving of notice
     would constitute an Event of Loss or Event of Taking, is then continuing),
     the Lessee (if the Lessee has not terminated the maximum Lessor's Cost
     pursuant to Section 6.1(a)) may, for any reason, in its sole discretion, in
     the same notice as referenced in Section 6.1(a), on each Anniversary, or
     annually thereafter on any anniversary of an Anniversary, terminate one
     entire Property (the Carryover Property) from this Lease if the sum of the
     Lessor's Cost of the Carryover Property plus the Lessor's Cost of
     Properties (excluding any portion of a Property leased to Lessee pursuant
     to a Partial Occupancy Lease, so long as such portion remains subject to a
     Partial Occupancy Lease) previously terminated pursuant to Section 6.1(a),
     plus the Lessor's Cost of any portion of a Property subleased pursuant to
     an AFR Sublease, plus the Lessor's Cost of any FMV Properties previously
     terminated pursuant to Section 3.1(c), exceeds (such excess being referred
     to as the Cost Excess) the Total Joint Maximum Cumulative Percentage of
     Lessor's Cost which can otherwise be terminated pursuant to Section 6.1(a),
     but will not exceed such Total Joint Maximum Cumulative Percentage on the
     next Anniversary (it being agreed that the maximum terminations pursuant to
     Sections 6.1(a) and (b) hereof is 54% of Total Original Lessor's Cost). No
     termination of Properties pursuant to this Section 6.1(b) shall result in a
     reduction of Basic Rent. No more than one Carryover Property may be
     terminated pursuant to this paragraph (b) on an Anniversary or during the
     period until the next Anniversary. In the termination notice the Lessee may
     elect to enter into a Bank Branch Lease in the Carryover Property if it is
     also a Bank Branch Property.

     On the date a Carryover Property is terminated from this Lease, Lessee
     shall vacate such Property on or before such date and the related Property
     shall be returned to the Lessor pursuant to Article 12 of this Lease. There
     shall be no reduction in Basic Rent as a result of such termination and the
     Lessee shall continue to pay Basic Rent to the Lessor until the next
     Anniversary as if the maximum (but no more than the maximum) terminations
     had occurred pursuant to Section 6.1(a); provided that if such Carryover
     Property will be subject to a Bank Branch Lease during such period, the
     rent which would otherwise be due under such Bank Branch Lease during such
     period will be reduced by an amount equal to the Bank Branch Lease rent
     multiplied by a fraction, the numerator of which is the Cost Excess and the
     denominator of which is the Lessor's Cost of such Carryover Property. The
     Lessor's Cost of a Carryover Property so terminated shall reduce the
     percentage of Lessor's Cost of Properties which the Lessee can terminate
     pursuant to Section

                                       10

<PAGE>

     6.1(a) on or after the next Anniversary to the extent of the Cost Excess.
     After a Carryover Property is so terminated, the Lessee shall continue to
     pay Basic Rent (as provided in the second sentence of this paragraph) but
     otherwise have no other obligations under this Lease (except for accrued
     obligations), any indemnities (except to the extent indemnities would
     otherwise survive a Lease termination) or otherwise with respect to the
     Carryover Property.

(c)  Upon a Bank Branch Property being terminated from this Lease pursuant to
     Section 6.1(a) or (b) and the Lessee having elected to enter into a Bank
     Branch Lease for the first floor space within such Bank Branch Property or,
     in the case of the Bank Branch Property located at 1111 East Main Street,
     Richmond, for the "A" level or plaza level space or, in the case of the
     Bank Branch Property located at 100 S. Charles Street, Baltimore, for the
     first or second level retail space, then being used by the Lessee as a
     retail bank or to support the operation of a retail bank, the Lessee and
     Termination Transferee (if any) shall, so long as no Special Default or
     Lease Event of Default has occurred and is continuing, enter into a Bank
     Branch Lease prior to such termination. Notwithstanding the foregoing, in
     the case of a termination of a Bank Branch Property pursuant to Section 6.2
     where the Lessor does not retain such Bank Branch Property, Lessor shall
     execute the Bank Branch Lease prior to such termination and assign to the
     purchaser under Section 6.2 the Lessor's rights and obligations under such
     Bank Branch Lease, which Bank Branch Lease shall specify (i) that after
     such assignment Lessor shall have no liability or obligations as a result
     of such Bank Branch Lease and (ii) that if such purchaser does not purchase
     as contemplated by Section 6.2, such Bank Branch Lease shall be deemed
     terminated in all respects. The rent under each Bank Branch Lease shall be
     the lower of (x) the Average Annual Rent Factor multiplied by the Lessor's
     Cost of such bank space (which Lessor's Cost of such bank space shall be
     determined by allocating the Lessor's Cost of the related Property pro rata
     based on Square Feet) and (y) the Fair Market Value Rent (taking into
     account the other terms of the Bank Branch Lease) of such bank space. The
     initial term of each Bank Branch Lease shall be as selected by the Lessee,
     but shall not be less than three or more than ten years.

(d)  The Lessee shall have the right, subject to Section 6.1(e), to make the
     termination of any Property pursuant to Section 6.1(a) subject to the
     condition that the following events must occur prior to or simultaneously
     with such termination: (i) the Security Documents shall cease to be in
     effect or the relevant Property shall from and after the next Anniversary
     be released from the Lien of the Security Documents and (ii) a Termination
     Transferee shall have entered into a Partial Occupancy Lease with the
     Lessee with respect to any portion of such Property identified by the
     Lessee in the notice referred to in Section 6.1(e)(i) as being subject to
     the proposed Partial Occupancy Lease.

(e)  The Lessee shall only be entitled to exercise its right to make its
     termination option with respect to any Property under Section 6.1(a)
     conditional pursuant to Section 6.1(d) if: (i) the Lessee shall notify the
     Lessor in writing between 540 and 270 days prior to an Anniversary that it
     intends to keep possession of a portion of such Property, which notice
     shall identify the portion of any Property which is to be subject to a
     Partial Occupancy Lease either by reference to the portion of such Property
     which the Lessee intends to retain possession of or by reference to the
     portion of such Property which the Lessee intends to vacate, (ii) the
     portion of such Property which is to be subject to a Partial Occupancy
     Lease shall consist of one or more entire floors of each relevant Property
     and does not include any partial floors, (iii) the Lessee shall pay for all
     reasonable costs of completing necessary Demising Work in such Property in
     accordance with Section 6.5, (iv) if the Termination Transferee to whom the
     Property subject to a Partial Occupancy Lease is transferred is the Owner
     Participant or an Affiliate of the Owner Participant, the Lessee shall pay
     such portion of the Transfer and similar taxes as are determined by

                                       11

<PAGE>

     multiplying such taxes by a fraction, the numerator of which is the
     Lessor's Cost of the portion of the Property subject to the Partial
     Occupancy Lease and the denominator of which is the total Lessor's Cost for
     the Property, and (v) after giving effect to all terminations then
     requested by the Lessee on such Anniversary, the Lessee would have
     terminated this Lease with respect to at least the Total Joint Maximum
     Cumulative Percentage of Total Original Lessor's Cost permitted for such
     Anniversary in Section 6.1(a), and provided that any portion of a Property
     leased to the Lessee pursuant to a Partial Occupancy Lease shall (so long
     as such portion remains subject to a Partial Occupancy Lease) be deemed to
     still be subject to this Lease for purposes of determining whether or not
     the Total Joint Maximum Cumulative Percentages in Section 6.1(a) have been
     exceeded and for purposes of Section 3.1(a) and (b). The Lessor and the
     Owner Participant shall be obligated to notify the Lessee and the Indenture
     Trustee within 60 days after receipt of the notice described in Section
     6.1(e)(i) whether or not the Lessor and the Owner Participant expect to be
     able to satisfy the conditions set forth in Section 6.1(d). The Lessor or
     the Owner Participant will promptly notify the Lessee and the Indenture
     Trustee if, at any time after the Lessor or the Owner Participant notified
     the Lessee and the Indenture Trustee pursuant to the preceding sentence
     that the Lessor and the Owner Participant expect to be able to satisfy the
     conditions set forth in Section 6.1(d), it becomes likely that the Lessor
     or the Owner Participant will not be able to satisfy such conditions.

(f)  In the event that the termination of any Property can not be completed as a
     result of the failure of the conditions set forth in Section 6.1(d) to be
     satisfied, the Lessee shall have the option to sublease the portion of such
     Property which was not identified by the Lessee as being subject to the
     proposed Partial Occupancy Lease in the notice referred to in Section
     6.1(e)(i), to a Termination Transferee selected by the Lessor (which must
     either be the Recourse Guarantor or an entity guaranteed by the Recourse
     Guarantor pursuant to a guaranty in form and substance reasonably
     acceptable to the Lessee) and the Lessor shall permit such sublease
     pursuant to an AFR Sublease. Any portion of a Property subleased to a
     Termination Transferee pursuant to an AFR Sublease shall be considered
     terminated from this Lease for purposes of determining whether or not the
     Total Joint Maximum Cumulative Percentages in Section 6.1(a) have been
     exceeded and for purposes of Section 3.1(a) and (b). If at any time any
     Property subject to an AFR Sublease is released from the Lien of the
     Security Documents, the relevant Termination Transferee and the Lessee
     shall promptly enter into a Partial Occupancy Lease relating to the portion
     of such Property that was not subject to an AFR Sublease and, upon
     execution of such Partial Occupancy Lease, (i) such AFR Sublease shall
     automatically terminate and (ii) this Lease shall automatically terminate
     with respect to such Property. If the Termination Transferee to whom the
     Property subject to a Partial Occupancy Lease is transferred is the
     Recourse Guarantor or an Affiliate of the Recourse Guarantor, the Lessee
     shall pay such portion of the Transer and similar taxes as are determined
     by multiplying such taxes by a fraction, the numerator of which is the
     Lessor's Cost of the portion of the Property subject to the Partial
     Occupancy Lease and the denominator of which is the total Lessor's Cost for
     the Property.

(g)  For purposes of Section 6.1(a), the Lessor's Cost for any portion of any
     Property shall be determined by multiplying the Lessor's Cost for such
     Property in its entirety by a fraction, the numerator of which is the
     number of Square Feet included in such portion and the denominator of which
     is the total Square Feet of such Property.

(h)  If at any time after the Lessee notifies the Lessor of its desire to
     terminate the Lease with respect to a Property pursuant to Section 3.1(c)
     or 6.1(a) and to enter into a FMV Lease or a Partial Occupancy Lease, as
     applicable, with respect to a portion of such Property, the Lessor and
     Owner Participant will use all reasonable efforts to cause such Property to
     be released from the

                                       12

<PAGE>

     Lien of the Security Documents (it being understood that a Property can not
     be released from the Lien of the Security Document unless either the
     conditions of Section 11.01 of the Indenture are satisfied or the Indenture
     Trustee has consented in writing to such release). If the Lessee has
     requested that this Lease be so terminated with respect to more than one
     Property pursuant to Section 3.1(c) or 6.1(a) and the Lessor and Owner
     Participant determine that they will be unable to cause all such Properties
     to be released from the Lien of the Security Documents, so that it will be
     necessary for one or more of such Properties to remain subject to the Lease
     and become subject to an AFR Sublease, the Lessor and Owner Participant
     shall use all reasonable efforts to cause the Property to be terminated
     from the Lease which minimizes the amount of Square Feet which will be
     subject to an AFR Sublease.

6.2  Obsolescence Termination

     In addition to the termination rights granted in Section 6.1 above, so long
     as no Special Default or Lease Event of Default has occurred and is
     continuing, the Lessee may, if it determines (as evidenced by a certificate
     of a Responsible Officer of the Lessee) one or more Properties is obsolete,
     surplus or uneconomic for its needs, on not less than 180 days' prior
     written notice to the Lessor (a Notice of Termination), terminate this
     Lease as to any such Property or Properties on a Rent Payment Date after
     December 10, 2004 (the Termination Date). The Notice of Termination may be
     revoked by the Lessee for any reason up to 30 days prior to the Termination
     Date (unless Lessor has previously given the notice contemplated in the
     next paragraph). Upon such termination election, the Lessee shall use all
     reasonable efforts to sell the Properties (subject to any Bank Branch
     Leases for such Properties, if any, which the Lessee elects in such Notice
     of Termination for any Bank Branch Properties being so terminated, and
     subject to any Senior Subleases) for cash to the highest bidder unrelated
     to the Lessee on such Termination Date. Lessor and Owner Participant may,
     but shall have no obligation to, attempt to locate a purchaser for such
     Property or Properties, provided that such attempts do not interfere with
     the Lessee's attempts to locate such a purchaser. In the event such a buyer
     is found, the Lessee shall vacate such Properties (except for any bank
     lobby space subject to such a Bank Branch Lease) and the sale shall occur
     on the Termination Date and, subject to the last sentence in this
     paragraph, net sales proceeds shall be paid to the Lessor. If the net sales
     proceeds received by the Lessor are less than the Stipulated Loss Value of
     such Properties on the Termination Date the Lessee shall pay to the Lessor
     on such Termination Date such shortfall and all other amounts then due,
     including any Supplemental Rent and Redemption Premium, if any, then due.
     If no such buyer is found by such Termination Date, the Lessee may elect to
     either continue this Lease without any such termination (provided, however,
     the Lessee may not withdraw (pursuant to this sentence or the first
     sentence of this paragraph) more than 5 termination notices in the
     aggregate and not more than one in any 18-month period, in each case for
     this Lease and any FMV Lease) or vacate such Property or Properties (it
     being understood that sublessees under Senior Subleases, and the Lessee as
     lessee under any such Bank Branch Lease, need not vacate) and pay to the
     Lessor the Stipulated Loss Value, the Redemption Premium and any other
     amounts then due for such Properties on such Termination Date and continue
     to attempt to find such a buyer. When such a buyer is ultimately found, the
     net proceeds of such sale shall be remitted to the Lessee up to an amount
     equal to and in reimbursement of the Lessee's payment of Stipulated Loss
     Value, the Redemption Premium and any other amounts then due and any excess
     shall be paid as provided in the next sentence. If the Lessee arranges for
     such a sale and has paid all Supplemental Rent and Redemption Premium, if
     any, then due and the net proceeds are in excess of Stipulated Loss Value,
     such excess proceeds shall be applied to reimburse the Lessee for the
     reasonable costs incurred in connection with such sale and the balance
     shall be paid to the Lessor.

                                       13

<PAGE>

     Upon Lessee's payment of all amounts due under this Section 6.2, and the
     assumption by the purchaser of any Bank Branch Leases in the terminated
     Property(ies), Lessor shall, at Lessee's expense, execute such deeds and
     other instruments of transfer as Lessee may reasonably request to
     effectuate the transfer to such purchaser, which transfer shall be without
     recourse or warranty, except as to the absence of Lessor's Liens.

     In the event the Lessee elects to terminate this Lease with respect to a
     Property or Properties as provided in this Section 6.2, the Lessor may
     elect to retain such Properties (by notice given to Lessee no later than 60
     days after Lessor receives the Notice of Termination) and thereby relieve
     the Lessee from any obligation to pay Stipulated Loss Value (but the Lessee
     shall nonetheless pay any Redemption Premium, if any, and Supplemental Rent
     then due), provided that no such election shall be made unless the Lessor
     shall have deposited funds with the Indenture Trustee sufficient to pay the
     Allocable Portion of the Notes in full on the Termination Date. This Lease
     will so terminate with respect to such Property or Properties whether or
     not such Allocable Portion is so paid. Upon such termination the Lessor
     will transfer such Property or Properties to such other Person as it shall
     determine, but at the sole cost and expense of the Owner Participant,
     including as to transfer taxes.

6.3  Effect of Termination

     Upon compliance by the Lessee with the provisions of Section 6.2 with
     respect to termination of one or more Properties, the obligation of the
     Lessee to pay Basic Rent for the terminated Properties for any period after
     the Termination Date shall cease. Upon compliance by Lessee with the
     provisions of Section 6.1 or 6.2 with respect to termination of one or more
     Properties, the Lease Term shall end for such Properties and the
     obligations of the Lessee hereunder with respect to such Properties (other
     than any such obligations expressly surviving termination of this Lease)
     shall terminate as of the date of termination. In the event, for any
     reason, the purchaser fails to purchase a Property on the Termination Date,
     this Lease shall continue as to such Property, and the Lessee shall pay any
     costs incurred by Lessor, Owner Participant, the Pass Through Trustee or
     Indenture Trustee in connection therewith unless such failure resulted from
     a breach by a party of its obligations under the Operative Documents, in
     which case the Lessee shall not pay such party's costs.

6.4  Adjustment of Termination Percentages

     The Total Joint Maximum Cumulative Percentages set forth in Section 6.1(a)
     shall not be reduced upon the termination of this Lease as to a Property
     unless such termination is pursuant to Section 6.2, 14.1 or 14.3 hereof or
     Section 9.1 of the Participation Agreement only in the case where the
     Lessee elects to purchase the Property or Section 9.3 of the Participation
     Agreement (a Terminating Event), in which case each Total Joint Maximum
     Cumulative Percentage in Section 6.1(a) for an Anniversary that has not yet
     occurred shall equal:

     EP+((PA-EP) X (1-(TP/((1-CT)-EP))))

     EP = the Total Joint Maximum Cumulative Percentage for the Anniversary that
     has most recently occurred or, if no Anniversary has previously occurred,
     0.04;

     PA = the Total Joint Maximum Cumulative Percentage being adjusted;

                                       14

<PAGE>

     TP = the percentage of Total Original Lessor's Cost represented by the
     Property being terminated;

     CT = the percentage of Total Original Lessor's Cost represented by the
     cumulative Properties previously terminated from the Lease pursuant to a
     Terminating Event, without regard of the Terminating Event giving rise to
     the current Section 6.4 adjustment.

     Each variable should be expressed as a decimal when calculating the Total
     Joint Maximum Cumulative Percentage and converted to a percentage after the
     calculation.

     For example, if during the fourth and eighth years of the Original Leases,
     Properties representing 40% and 10%, respectively, of total Lessor's Cost
     for all Properties originally subject to the Original Leases were
     terminated from the Original Leases (or this Lease, as the case may be)
     pursuant to a Terminating Event, the Total Joint Maximum Cumulative
     Percentage table of Section 6.1(a) would become as follows:

                              4th Year                   8th Year
                        Total Joint Maximum         Total Joint Maximum
      Anniversary    Cumulative Percentages/1/   Cumulative Percentages/1/
     -------------   -------------------------   -------------------------
     June 10, 2004            13.9167%                    13.9167%

     June 10, 2009            23.8333%                    21.6814%

     June 10, 2015            33.1667%                    28.9895%

6.5  Demising Work

     Any Demising Work required to be performed by Lessee: shall, in each
     instance, be completed as follows:

(a)  Lessee shall prepare and submit to Owner Participant for Owner
     Participant's approval a preliminary space plan (the Preliminary Space
     Plan) in connection with the proposed separation of the Leased Premises
     from the Surrendered Premises. Owner Participant's approval shall not be
     unreasonably withheld or delayed and shall be given or withheld, or Owner
     Participant shall advise Lessee whether Owner Participant requires
     additional information in order to evaluate Lessee's request, within ten
     (10) days following Lessee's delivery to Owner Participant of the
     Preliminary Space Plan. If Owner Participant objects to the Preliminary
     Space Plan (or any revision thereof), Lessee shall deliver a revised
     Preliminary Space Plan to Owner Participant and the procedure will be
     repeated, if necessary, until a final space plan is approved. The final
     approved space plan is hereinafter referred to as the Final Space Plan.
     Owner Participant and Lessee shall work with one another reasonably and in
     good faith to resolve any differences concerning the Preliminary Space Plan
     and the Final Space Plan (or the Preliminary Drawings or Final Drawings
     hereafter referenced in Section 6.5(b)).

(b)  From the Final Space Plan, Lessee shall prepare and submit to Owner
     Participant for Owner Participant's approval (which approval shall not be
     unreasonably withheld or delayed, and which shall be given or withheld, or
     Owner Participant shall advise Lessee whether Owner Participant requires
     additional information in order to evaluate Lessee's request, within ten
     (10)

----------
/1/  Total Joint Maximum Cumulative percentages of lessor's Cost for all
     Properties orginally subject to the Lease.

                                       15

<PAGE>

     days) following Lessee's delivery to Owner Participant of, one-eighth inch
     (1/8") architectural, mechanical, electrical, lighting, plumbing and (if
     reasonably requested by Owner Participant) floor load working drawings
     together with specifications necessary to complete all of the proposed
     improvements shown on the Final Space Plan (collectively, the Preliminary
     Drawings). If Owner Participant objects to the Preliminary Drawings (or any
     revision thereof), Lessee shall deliver revised Preliminary Drawings to
     Owner Participant and the procedure will be repeated, if necessary, until
     final drawings are approved. The final approved drawings are hereinafter
     referred to as the Final Drawings.

(c)  Lessee will cause the Demising Work to be constructed in substantial
     accordance with the Final Drawings. Owner Participant and the Lessor shall
     be deemed to have waived Lessee's performance of any Demising Work not
     shown on the Final Drawings except to the extent required to satisfy
     Applicable Laws. Owner Participant 's review of Space Plans and Drawings
     under Sections 6.5(a) and (b) is for Owner Participant's purposes only, and
     not a representation or warranty that the work to be performed pursuant
     thereto meets all Applicable Laws.

(d)  In connection with the Demising Work, Lessee shall file all drawings, plans
     and specifications, pay all fees and obtain all permits and applications
     from any authorities having jurisdiction and perform all Demising Work in
     compliance the requirements of such permits and applications; and Lessee
     shall promptly obtain, if required, a permanent certificate of occupancy
     and all other approvals required of Lessee to use and occupy the Leased
     Premises.

(e)  Lessee shall have the right to select the general contractor and
     subcontractors for the Demising Work, provided that Lessee shall not use a
     contractor or subcontractor as to which Owner Participant shall reasonably
     object within ten (10) days following Lessee's notice to Owner Participant
     of the identity of such contractor(s) and subcontractor(s) as Lessee has
     selected.

(f)  The parties shall cooperate with each other in good faith and coordinate
     the scheduling of the Demising Work in an effort to complete the same in a
     timely manner. Owner Participant, Lessor and Lessee shall be commercially
     reasonable in agreeing to non-material reconfigurations of the boundaries
     of the Leased Premises to facilitate Lessee's construction of demising
     walls for the Leased Premises.

(g)  All of the Demising Work shall be done in conformity with Applicable Laws
     and at Lessee's expense, including, without limitation, building permit
     fees, other fees, architectural and engineering expenses and other expenses
     relating thereto. Lessee may request Owner Participant's review of
     Preliminary Space Plans or Preliminary Drawings before Lessee's
     notification to Owner Participant or Lessor of Lessee's election to remove
     Surrendered Premises from the Leased Premises to facilitate Lessee's
     understanding of the potential approximate costs associated therewith.

6.6  Sublessee Options

     If at the time this Lease is to be terminated with respect to any Property
     pursuant to Section 3.1 or Section 6.1 or at the time any portion of any
     Property is to be subleased pursuant to an AFR Sublease, a sublessee of any
     portion of such Property has the option to sublease from the Lessee
     additional space in such Property at a fair market value rent (including by
     way of any right of first refusal or similar right), the Lessor and Owner
     Participant agree, and will cause any relevant Termination Transferee to
     agree, to honor the terms of such option as if it was an option granted

                                       16

<PAGE>

     to such permitted sublessee by the Lessor, Owner Participant or relevant
     Termination Transferee, as the case may be.

7.   CONDITION AND USE OF PROPERTIES

7.1  Waivers

     The Properties are demised and let by the Lessor "AS IS" in their present
     condition, subject to (a) the rights of any parties in possession thereof,
     (b) the state of the title thereto existing at the time the Lessor acquired
     title to such Properties, (c) any state of facts which an accurate survey
     or physical inspection might show (including the surveys delivered on the
     Closing Date), (d) all Applicable Laws and Regulations, (e) any violations
     of Applicable Laws and Regulations which may exist at the commencement of
     the Lease Term and (f) the presence or potential presence of any Hazardous
     Material at, on or under any Properties or any property in the vicinity of
     the Properties. The Lessee has examined the Properties and has found the
     same to be satisfactory for all purposes of this Lease (without waiving any
     rights Lessee may have against any contractor, subcontractor or supplier).
     NONE OF THE LESSOR (EITHER IN ITS INDIVIDUAL OR TRUST CAPACITIES), THE
     OWNER PARTICIPANT, THE INDENTURE TRUSTEE OR THE PASS THROUGH TRUSTEE
     (EITHER IN ITS INDIVIDUAL OR TRUST CAPACITIES) HAS MADE OR SHALL BE DEEMED
     TO HAVE MADE ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, WHATSOEVER
     OR SHALL BE DEEMED TO HAVE ANY LIABILITY WHATSOEVER AS TO THE VALUE,
     HABITABILITY, MERCHANTABILITY, COMPLIANCE WITH THE PLANS AND
     SPECIFICATIONS, CONDITION, DESIGN, OPERATION, OR FITNESS FOR USE OF THE
     PROPERTIES (OR ANY PART THEREOF), OR ANY OTHER REPRESENTATION OR WARRANTY
     WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTIES (OR ANY PART
     THEREOF) AND NONE OF THE LESSOR (EITHER IN ITS INDIVIDUAL OR TRUST
     CAPACITIES), THE OWNER PARTICIPANT, THE INDENTURE TRUSTEE OR THE PASS
     THROUGH TRUSTEE (EITHER IN ITS INDIVIDUAL OR TRUST CAPACITIES) SHALL BE
     LIABLE FOR ANY LATENT, HIDDEN, OR PATENT DEFECT THEREIN OR FOR THE FAILURE
     OF THE PROPERTIES TO BE CONSTRUCTED IN ACCORDANCE WITH THE PLANS AND
     SPECIFICATIONS, THE COMPLIANCE OF ITS PLANS AND SPECIFICATIONS WITH
     APPLICABLE LAWS AND REGULATIONS OR THE FAILURE OF THE PROPERTIES, OR ANY
     PART THEREOF, OTHERWISE TO COMPLY WITH ANY APPLICABLE LAWS AND REGULATIONS
     except that the Lessor hereby represents, warrants and covenants that the
     Properties are and shall be free of Lessor Liens. It is agreed that the
     Lessee is fully familiar with the Properties, has been afforded full
     opportunity to inspect the Properties, is satisfied with the results of its
     inspections of the Properties for all purposes of this Lease (without
     waiving any rights Lessee may have against any contractor, subcontractor or
     supplier) and is entering into this Lease solely on the basis of the
     results of its own inspections and all risks incident to the matters
     discussed in the preceding sentence, as between the Lessor, the Owner
     Participant, the Indenture Trustee or the Pass Through Trustee, on the one
     hand, and the Lessee, on the other, are to be borne by the Lessee. The
     provisions of this Article 7 have been negotiated, and, except to the
     extent otherwise expressly stated, the foregoing provisions are intended to
     be a complete exclusion and negation of any representations or warranties
     by the Lessor, the Owner Participant, the Indenture Trustee or the Pass
     Through Trustee, express or implied, with respect to the Properties, that
     may arise pursuant to any law now or hereafter in effect, or otherwise.

                                       17

<PAGE>

8.   LIENS; TAXES

8.1  Liens

     The Lessee shall not directly or indirectly create, incur, assume or suffer
     to exist any Lien on or with respect to the Properties, this Lease or the
     leasehold estate created hereby, any Basic Rent or Supplemental Rent, title
     thereto or any interest therein, or the rentals payable with respect to any
     subletting of the Properties, including all Liens which arise out of the
     possession, use, occupancy, construction, repair or rebuilding of the
     Properties or by reason of labor or materials furnished or claimed to have
     been furnished to the Lessee, or any of its contractors or agents or by
     reason of the financing of any personalty or equipment purchased or leased
     by the Lessee (from other than the Lessor, the Owner Participant or any
     Termination Transferee) or Alterations constructed by the Lessee and not
     financed by the Lessor, except in all cases Permitted Liens. The Lessee
     shall promptly, but not later than thirty (30) days after notice thereof,
     at its own expense, take such action as may be necessary duly to discharge
     or eliminate or bond in a manner reasonably satisfactory to the Lessor any
     such Lien (other than Permitted Liens) if the same shall arise at any time;
     provided, however, that the Lessee shall not be required to so discharge or
     bond any such Lien while the same is being contested in good faith by
     appropriate proceedings diligently prosecuted so long as such proceedings
     shall not involve any material danger of the sale, forfeiture or loss of,
     and shall not interfere with the use or disposition of, any part of the
     Properties or title thereto or any interest therein or the payment of Rent.

     Nothing contained in this Lease shall be construed as constituting the
     consent or request of the Lessor, express or implied, to or for the
     performance by any contractor, laborer, materialman, or vendor of any labor
     or services or for the furnishing of any materials for any construction,
     alteration, addition, repair or demolition of or to the Properties or any
     part thereof, which would result in any liability of the Lessor for payment
     therefor. Notice is hereby given that the Lessor will not be liable for any
     labor, services or materials furnished or to be furnished to the Lessee, or
     to anyone holding an interest in the Properties or any part thereof through
     or under the Lessee, and that no mechanic's or other Liens for any such
     labor, services or materials shall attach to or affect the interest of the
     Lessor in and to the Properties.

     With respect to any Property located in the State of Florida, Lessor hereby
     NOTIFIES ALL MECHANICS, MATERIALMEN AND OTHER LIENORS THAT PURSUANT TO
     FLORIDA STATUTES (S) 713.10, ANY LIENS UNDER FLORIDA STATUTES CH. 713 SHALL
     EXTEND TO, AND ONLY TO, THE RIGHT, TITLE AND INTEREST OF THE PERSON WHO
     CONTRACTS FOR THE IMPROVEMENT IN QUESTION AND THAT NEITHER THE INTEREST OF
     LESSOR NOR ANY SUPERIOR INTEREST IN SUCH PROPERTY OR IN ANY OTHER PORTIONS
     OF THE BUILDING AND LAND OF WHICH THE PROPERTY IS A PART SHALL BE SUBJECT
     TO LIENS FOR ANY IMPROVEMENTS, SERVICES OR MATERIALS MADE BY, CONTRACTED
     FOR OR OTHERWISE AUTHORIZED BY LESSEE OR BY ANY EMPLOYEE, CONTRACTOR OR
     AGENT OF LESSEE. Lessee agrees that prior to contracting for any
     improvements, services or materials to be made in or delivered to any
     Property located in the State of Florida, Lessee shall notify the
     contractor of the foregoing provisions. Lessee further agrees that upon
     request of Lessor, Lessee shall execute a notice which sets forth the
     foregoing provisions, which notice may be recorded by Lessor in the public
     records of the county where the applicable Property is located.

                                       18

<PAGE>

8.2  Taxes

(a)  Subject to the provisions hereof relating to contests, Lessee shall pay and
     discharge, before any interest or penalties are due thereon, all of the
     following taxes, charges, assessments, levies and other items
     (collectively, "tax" or "taxes"), even if unforeseen or extraordinary,
     which are imposed or assessed during the Lease Term, regardless of whether
     payment thereof is due prior to, during or after the Lease Term: all taxes
     of every kind and nature (including, without limitation, real, ad valorem,
     personal property, and sales and use tax), on or with respect to the
     Properties (including, without limitation, any taxes assessed against
     Lessor's fee estate in the Land or Improvements or against any real
     property other than the Properties which is included within the tax parcel
     which includes the Properties), the Basic Rent and Additional Basic Rent
     (including, without limitation, ad valorem taxes) payable hereunder, this
     Lease or the leasehold estate created hereby; all charges and/or
     assessments for any easement or agreement maintained for the benefit of the
     Properties; and all general and special assessments, levies, water and
     sewer assessments and other utility charges, use charges, impact fees and
     rents and all other public charges and/or taxes whether of a like or
     different nature. Lessor and Owner Participant shall promptly deliver to
     Lessee any bill or invoice Lessor or Owner Participant receives with
     respect to any tax; provided, that the Lessor's and Owner Participant's
     failure to deliver any such bill or invoice shall not limit Lessee's
     obligation to pay such tax. Lessor and Owner Participant agree to cooperate
     with Lessee to enable Lessee to receive tax bills directly from the
     respective taxing authorities. Nothing herein shall obligate Lessee to pay,
     and the term "taxes" shall exclude, federal, state or local (i) franchise,
     capital stock or similar taxes, if any, of Lessor or Owner Participant,
     (ii) income, excess profits or other taxes, if any, of Lessor or Owner
     Participant, determined on the basis of or measured by Lessor's or Owner
     Participant's net income, (iii) any estate, inheritance, succession, gift,
     capital levy or similar taxes of Lessor or Owner Participant, (iv) taxes
     imposed upon Lessor or Owner Participant under Section 59A of the Internal
     Revenue Code of 1986, as amended, or any similar state, local, foreign or
     successor provision, (v) any amounts paid by Lessor or Owner Participant
     pursuant to the Federal Insurance Contribution Act (commonly referred to as
     FICA), the Federal Unemployment Tax Act (commonly referred to as FUTA), or
     any analogous state unemployment tax act, or any other payroll related
     taxes, including, but not limited to, any required withholdings relating to
     wages, (vi) except as provided in Section 6 and Section 14 herein, any
     taxes in connection with the transfer or other disposition of any interest,
     other than Lessee's (or any person claiming under Lessee), in the
     Properties or this Lease, to any person or entity, including, but not
     limited to, any transfer, capital gains, sales, gross receipts, value
     added, income, stamp, real property gains or withholding tax, and (vii) any
     interest, penalties, professional fees or other charges relating to any
     item listed in clauses (i) through (vi) above; provided, further, that
     Lessee is not responsible for making any additional payments in excess of
     amounts which would have otherwise been due, as tax or otherwise, but for a
     withholding requirement which relates to the particular payment and such
     withholding is in respect to or in lieu of a tax which Lessee is not
     obligated to pay; and provided, further, that if at any time during the
     Lease Term, the method of taxation shall be such that there shall be
     assessed, levied, charged or imposed on Lessor a tax upon the value of the
     Properties or any present or future Improvement or Improvements on the
     Properties, including any tax which uses rents received from Lessee as a
     means to derive value of the property subject to such tax, then all such
     levies and taxes or the part thereof so measured or based shall be payable
     by Lessee, but only to the extent that such levies or taxes would be
     payable if the Properties were the only property of Lessor and/or Owner
     Participant, and Lessee shall pay and discharge the same as herein
     provided. In the event that any assessment against the Properties is
     payable in installments, Lessee may pay such assessment in installments;
     and in such event, Lessee shall be liable only for those

                                       19

<PAGE>

     installments which become due and payable prior to or during the Lease
     Term, or which are appropriately allocated to the Lease Term even if due
     and payable after the Lease Term. Lessee shall deliver, or cause to be
     delivered, to Lessor, Owner Participant and Indenture Trustee, promptly
     upon Lessor's, Owner Participant's or Indenture Trustee's written request,
     evidence satisfactory to Lessor, Owner Participant and Indenture Trustee
     that the taxes required to be paid pursuant to this Section 8.2 have been
     so paid and are not then delinquent.

(b)  Lessee, at its own cost and expense, may contest (including seeking an
     abatement or reduction of) any taxes agreed to be paid hereunder; provided,
     that (i) Lessee first shall satisfy any Applicable Laws, including, if
     required, that the taxes be paid in full before being contested or, if not
     required to be paid in full, such contest shall suspend the collection of
     such taxes, (ii) no Lease Event of Default has occurred and is continuing
     and no Lease Event of Default shall occur as a result of such contest and
     (iii) failing to pay such taxes will not subject Lessor, Owner Participant
     or Indenture Trustee to criminal or civil penalties or fines or to
     prosecution for a crime, or result in the sale, forfeiture, termination,
     cancellation or loss of any portion of the Properties or any interest
     therein, any Basic Rent or any Additional Basic Rent. Lessee agrees that
     each such contest shall be promptly and diligently prosecuted to a final
     conclusion. Lessee shall pay and shall indemnify, defend and hold Lessor,
     Owner Participant and Indenture Trustee and all other Indemnitees harmless
     against any and all losses, judgments, decrees and costs (including,
     without limitation, all reasonable attorneys' fees and expenses) in
     connection with any such contest and shall promptly, after the final
     determination of such contest, fully pay and discharge the amounts which
     shall be levied, assessed, charged or imposed or be determined to be
     payable therein or in connection therewith, together with all penalties,
     fines, interest, costs and expenses thereof or in connection therewith, and
     perform all acts the performance of which shall be ordered or decreed as a
     result thereof. At Lessee's sole cost, Lessor and Owner Participant shall
     assist Lessee as reasonably necessary with respect to any such contest,
     including joining in and signing applications or pleadings. Any rebate
     applicable to any portion of the Lease Term shall belong to Lessee. If at
     the time of any such contest a Lease Event of Default has occurred and is
     continuing, then Lessee shall post a bond or other security with and
     acceptable to Lessor and Indenture Trustee in their discretion in an amount
     equal to one hundred twenty-five percent (125%) of the amount being
     contested.

(c)  In the event that Lessee shall be required pursuant to this Section 8.2 to
     pay, discharge or provide indemnity for, or make any other payment with
     respect to, any tax for which Lessee would not be obligated pursuant to
     Section 8.2(b) of the Participation Agreement, Owner Participant shall, on
     demand, reimburse and indemnify Lessee for any amount so paid or incurred
     by Lessee.

9.   MAINTENANCE AND REPAIR; ALTERATIONS, MODIFICATIONS AND ADDITIONS

9.1  Maintenance and Repair

     The Lessee, at its own expense, shall at all times (unless subject to an
     Event of Loss or an Event of Taking) (a) maintain the Properties in good
     order, repair and condition, ordinary wear and tear excepted, and to no
     less a standard than Lessee utilizes for other comparable properties owned
     or leased by it, (b) except to the extent Section 9.4 shall apply, maintain
     the Properties, and make all necessary repairs and Alterations to maintain
     the Properties, in accordance with all Applicable Laws and Regulations, and
     (c) comply with the standards imposed by any insurance policies required to
     be maintained hereunder which are in effect at any time with respect to the
     Properties or any part thereof, and shall take the preceding actions
     whether interior or exterior, structural or

                                       20

<PAGE>

     nonstructural, ordinary or extraordinary and foreseen or unforeseen whether
     or not such expenditures would constitute capital expenditures under GAAP
     if made by the owner of such property. The Lessee waives any right that it
     may now have or hereafter acquire to require the Lessor to (i) maintain,
     repair, replace, alter, remove or rebuild all or any part of the Properties
     or (ii) make repairs and Alterations (whether or not at the expense of the
     Lessor) pursuant to any Applicable Laws and Regulations or otherwise. The
     Lessee, at its own cost and expense, shall promptly replace or cause to be
     replaced all parts of the Improvements which may from time to time fail to
     function properly or become worn out, lost, stolen, destroyed, seized or
     confiscated, subject to a Condemnation, damaged beyond repair or
     permanently rendered unfit for use for any reason whatsoever; provided,
     however, that the Lessee shall not be obligated to replace any part if (a)
     such part has become unnecessary or obsolete and its replacement is not
     necessary or customary for the proper functioning of the Improvements and
     (b) the failure to replace such part will not reduce (other than to a de
     minimis extent) the remaining useful life, fair market value or residual
     value of the Improvements, in each case assuming that the Improvements are
     then being operated and maintained in accordance with this Article 9. In
     addition, the Lessee may, at its own cost and expense, remove in the
     ordinary course of maintenance, service, repair, overhaul or testing, any
     such parts, whether or not functioning properly, worn out, destroyed,
     seized, confiscated, damaged beyond repair or permanently rendered unfit
     for use, provided that the Lessee will, at its own cost and expense,
     replace such parts as promptly as practicable and in accordance with the
     standards set forth in this Section 9.1. All replacement parts (hereinafter
     referred to as Replacement Parts) shall be free and clear of all Liens
     (except for Permitted Liens and except in the case of replacement parts
     temporarily installed on an emergency basis) and shall be in as good
     operating condition as, and shall have a value, useful life and utility at
     least equal to, the parts replaced, assuming such replaced parts were in
     the condition and repair required to be maintained by the terms hereof.
     Immediately upon any Replacement Part becoming incorporated or installed in
     or attached to any part of the Improvements as above provided, without
     further act (subject only to Permitted Liens and except in the case of
     replacement property temporarily installed on an emergency basis), (i)
     legal title to such Replacement Part shall there upon vest in the Lessor
     and shall become subject to this Lease, (ii) such Replacement Part shall be
     deemed part of the Improvements for all purposes hereof to the same extent
     as the parts originally incorporated or installed in or attached to the
     Improvements, and (iii) title to the replaced part shall thereupon vest in
     the Lessee free and clear of all rights of the Lessor, and shall no longer
     be deemed part of the Improvements.

9.2  Alterations

(a)  (i)  The Lessee may, without the consent of the Lessor, and without
          complying with the requirements of paragraph (b) of this Section 9.2,
          at the Lessee's own cost and expense, make Alterations to any
          Properties, so long as such Alterations (i) do not reduce the value,
          residual value and remaining useful life of such Property except to a
          de minimis extent (which for this purpose only shall mean a decrease
          in current market value or future residual value as of the applicable
          date for such Property shown on Schedule 3 of less than the lesser of
          $500,000 or 1% (in the aggregate for purposes of this Lease) of the
          then Fair Market Sales Value of such Property or a decrease of less
          than 2% in remaining useful life), (ii) do not cause such Property to
          become "limited use" property as defined in Rev. Proc. 2001-28, as
          amended, and (iii) do not change the use of such Property to a use
          other than a Permitted Use.

                                       21

<PAGE>

     (ii) The Lessee will give the Lessor advance written notice of any
          structural changes to a Property if the cost thereof is expected to
          exceed the lesser of $1,000,000 and 10% (in the aggregate for purposes
          of this Lease) of the Lessor's Cost of such Property.

     (iii) So long as no Special Default or Lease Event of Default has occurred
          and is continuing, the Lessee may remove any Severable Alteration not
          required by this Lease or Applicable Laws and Regulations at any time
          during or upon expiration of the Lease Term; provided, that the
          Lessee, at its cost and expense, shall restore the affected Properties
          to substantially the same condition as existed prior to any such
          Alteration.

     (iv) If the Lessee shall make or cause to be made any Alterations, it shall
          do so in a good, substantial and workmanlike manner and in compliance
          with all Applicable Laws and Regulations and free of all Liens other
          than Permitted Liens. Whenever the Lessee is required to perform any
          Alterations upon the Properties, the Lessee shall promptly commence
          the Alterations and, once commenced, diligently and continually pursue
          the completion of such Alterations within a reasonable time. If any
          Alterations are made following a Casualty, a Condemnation or an Event
          of Loss where this Lease continues, any Net Proceeds shall be
          disbursed pursuant to Section 14.2.

(b)  Notwithstanding the foregoing, the Lessee may decide in its sole discretion
     to construct additions which may be substantial (the Additions) to a
     Property which Additions will remain owned by the Lessee or its designees
     so long as (i) such Additions do not reduce the current market value of
     such Property, future residual value for such Property or remaining useful
     life of such Property; provided that in the case of a Property located in
     (A) College Park, Georgia, (B) Triad Center, Greensboro, North Carolina,
     and (C) 8011 Villa Park, Richmond, Virginia (the Improved Properties), such
     Additions may reduce, but by no more than a de minimis amount (which for
     these purposes shall not exceed the lesser of $1,000,000 and 10% (in the
     aggregate for purposes of this Lease) of the Lessor's Cost of such Improved
     Property), the value or residual value of such Improved Property, (ii) the
     cross-easements referenced in the penultimate sentence of this paragraph
     are permitted by Applicable Laws and Regulations, (iii) such Property has
     available to it the number of parking spaces equal to the greater of (x)
     those required by Applicable Laws and Regulations and (y) those that
     maintain the same ratio of Square Feet in such Property to parking spaces
     available to such Property after such Additions as existed before such
     Addition, (iv) there are no unindemnified tax consequences to the Owner
     Participant, (v) no Special Default or Lease Event of Default is continuing
     when construction of such Addition is commenced and (vi) the Lessee shall
     comply with Section 9.2(a)(iv). Notwithstanding the foregoing, no such
     Additions shall be constructed if such construction or any related events
     may result in material adverse tax consequences to the Owner Participant
     (regardless of whether the Owner Participant is indemnified for such
     adverse consequences) unless (A) the Lessee satisfies the Rating Test and
     (B) Owner Participant receives an opinion from counsel selected by the
     Lessee and reasonably acceptable to the Owner Participant, that there is at
     least "more likely than not" authority for the federal income tax position
     which the Lessee requests the Owner Participant to assume. Subject to the
     foregoing, Lessor agrees, at the Lessee's expense, to enter into
     appropriate cross-easements with respect to any such Addition and its
     related Improvements so that both properties can be effectively and
     efficiently utilized; provided, however, that any Addition constructed by
     Lessee pursuant to this paragraph (b) shall contain heating, ventilating,
     cooling and life safety facilities and equipment separate and distinct from
     the Improvements, and shall not interfere with or overburden any sewer,
     water, natural gas, electric, telephone and other utilities serving the
     Improvements. The use and operation of such Addition shall not unreasonably
     interfere with the use and operation of the Property (except to the extent
     the

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<PAGE>

     Improvements and the Addition share equipment, facilities and parking areas
     pursuant to appropriate cross-easements) and shall not materially increase
     the cost of the use and operation of the Improvements.

(c)  If the Lessee is prevented from constructing an Addition or Alteration to a
     Property as a result of the operation of Section 9.2(d)(z) or the proviso
     which follows Section 9.2(d)(z), the Lessee may exercise its rights set
     forth in clause (iii) of the first sentence of Section 9.3 of the
     Participation Agreement if within 90 days after the Lessee has Actual
     Knowledge that it has been so prevented it sends written notice to the
     Lessor, the Owner Participant and the Indenture Trustee exercising such
     right and specifying the date of purchase pursuant to such clause (iii);
     provided however, that the Lessee may not purchase such Property under such
     clause (iii) if (1) within 15 days of the date of Lessee's written notice
     of such exercise the Indenture Trustee and the Lessor each waive the
     requirements set forth in Section 9.2(d)(z) and the proviso that follows
     Section 9.2(d)(z) and, as a result, permit the Alteration or Addition to be
     constructed on such Property or (2) within 15 days of the date of Lessee's
     written notice of such exercise, the Lessor or Owner Participant elects to
     prepay the Allocable Portion of the Notes relating to such Property (and
     pay any related Redemption Premium pursuant to the Indenture it being
     agreed that such Redemption Premium shall be paid by the Lessee on the date
     specified in such election by the Lessee for the purchase of such
     Property), whereupon the Lessee may proceed to construct such Alteration or
     Addition, and such Property shall remain subject to this Lease and the
     Security Documents; provided that the Owner Participant or the Lessor may
     not so elect unless the Lessor or the Owner Participant shall have
     deposited with the Indenture Trustee funds sufficient to pay such Allocable
     Portion of the Notes and Redemption Premium in full on such date. There
     shall be no reduction of Basic Rent as a result of the prepayment
     contemplated in clause (2) of the immediately preceding proviso.

(d)  In the event an Addition or an Alteration would result in a decrease in
     value and/or residual value of a Property such that they would not be
     permitted pursuant to Section 9.2(a) or (b), the Lessee may nonetheless
     make such Addition or Alteration if (x) the other requirements of such
     Section 9.2(a) or (b) are satisfied, (y) the Lessee pays to the Lessor the
     present value of the amount of such diminution in residual value,
     discounted at 10.769% per annum, but grossed up so that the Owner
     Participant is whole on an After-Tax Basis and (z) the loan to value ratio
     for such Property does not increase above 90% when such Alteration or
     Addition is completed as determined before construction of such Addition or
     Alteration has commenced by comparing the Allocable Portion of the Notes
     for such Property to the expected Fair Market Sales Value of such Property
     after such Addition or Alteration, as determined by the Appraisal
     Procedure; provided that if at the time of the commencement of such
     Appraisal Procedure the Lessee making such Addition or Alteration does not
     satisfy the Rating Test then, if Notes are outstanding, no Addition or
     Alteration which decreases the value and/or residual value of a Property
     may be made; provided further that the preceding clause (z) and the
     preceding proviso shall only apply so long as the Notes originally issued
     under the Indenture remain outstanding and shall not apply during any
     period during which the maturity of such Notes has been extended for any
     reason. For the purpose of calculating the residual value pursuant to
     clause (x) above, each Property will be assumed to be terminated from this
     Lease on the date set forth in Schedule 2 or, if such calculation is being
     made following such date, on the next Anniversary on which such Property
     could be so terminated. The Lessee may not make such Additions or
     Alterations with respect to a Property if the aggregate payments made and
     to be made pursuant to this paragraph (before gross-up) will exceed 25% of
     the Lessor's Cost of such Property (as inflated in the same proportion that
     by CPI has increased from the month of June, 1997 to the most recent date
     prior to such payment as of which CPI has been published).

                                       23

<PAGE>

(e)  The Lessee shall make such Alterations to the Properties as may be required
     from time to time (i) to comply with all Applicable Laws and Regulations
     (subject to the contest rights set forth in Section 9.4) and with Section
     9.1 and (ii) following a Casualty, Condemnation or Event of Loss (in any
     instance where the provisions of Section 14.1(ii) shall apply), to restore
     the Improvements to their respective condition prior to a Casualty or
     Condemnation, and will maintain such Alterations as provided in Section 9.1
     hereof; provided that in the case of a Condemnation, the Lessee's
     obligation will be to restore the Improvements to such condition as close
     as possible under the circumstances to the condition prior to such
     Condemnation.

9.3  Title to Alterations

     Title to all Alterations shall without further act vest in the Lessor and
     shall be deemed to constitute a part of the related Property and be subject
     to this Lease in the following cases:

     (a)  such Alteration shall be in replacement of or in substitution for a
          portion of the Improvements;

     (b)  such Alteration shall be required to be made pursuant to the terms of
          Sections 9.1 or 9.2(e) hereof;

     (c)  such Alteration shall be Nonseverable;

     (d)  such Alteration shall be financed by or through the Lessor in
          accordance with Article XI of the Participation Agreement or
          otherwise; or

     (e)  such Alteration shall be Severable and is not removed by the Lessee
          upon the end of the Lease Term for the related Property.

     The Lessee shall, at the Lessor's request, execute and deliver any deeds or
     assignments reasonably necessary to evidence the vesting of such title in
     and to such Alterations in the Lessor. If such Alteration is not within any
     of the categories set forth in clauses (a) through (e) of this Section 9.3,
     then title to such Alteration shall vest in the Lessee or its designee.

9.4  Permitted Contests

     If, to the extent and for so long as (a) a test, challenge, appeal or
     proceeding for review of any Applicable Laws and Regulations relating to
     the use, operation or maintenance of the Properties or any Alterations to
     the Properties shall be prosecuted diligently and in good faith by the
     Lessee or (b) compliance with any Applicable Laws and Regulations shall
     have been excused or exempted by a valid nonconforming use permit, waiver,
     extension or forbearance, the Lessee shall not be required to comply with
     such Applicable Laws and Regulations as provided in this Article 9 or
     elsewhere in this Lease but only if and so long as no Special Default or
     Lease Event of Default shall have occurred and be continuing and such test,
     challenge, appeal, proceeding or noncompliance shall not involve (i) a
     material risk of foreclosure, sale, forfeiture or loss of any part of the
     Properties, (ii) a material risk of extending the ultimate imposition of
     such Applicable Laws and Regulations beyond the expiration of the related
     Property's Basic Term or then current Renewal Term, as the case may be,
     (iii) any risk of any criminal liability being imposed on the Lessor, the
     Owner Participant, the Indenture Trustee or the Pass Through Trustee, (iv)
     a material risk of any governmental or judicial action which might
     adversely affect the Lien of the Security Documents, or Lessor's ownership
     interests in the Properties or the value or utility of the

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<PAGE>

     Properties unless stayed during the pendency of any such test, challenge,
     appeal, proceeding or noncompliance, or (v) any material risk of material
     loss of enjoyment of, or material interference with, the use, possession or
     disposition of the Properties. Notwithstanding the foregoing, the
     Properties must be in compliance with Applicable Laws and Regulations at
     the time of any return of such Property to Lessor pursuant to Article 12
     hereof.

     The Lessor will not be required to join in any proceedings pursuant to this
     Section 9.4 unless a provision of any Applicable Laws and Regulations
     requires, or in the good faith opinion of the Lessee, it is helpful to the
     Lessee that such proceedings be brought by or in the name of Lessor. In any
     such event, the Lessor will join in the proceedings or permit them to be
     brought in its name if the Lessee pays all related reasonable expenses.
     Lessor, at the cost and expense of Lessee, shall use reasonable good faith
     efforts to cooperate with Lessee in any such contest.

9.5  Environmental Compliance

     Lessee shall:

     (a)  maintain the Properties in compliance with all applicable
          Environmental Laws;

     (b)  not cause or permit the manufacture, use, generation, transportation,
          treatment, storage, Release, or handling of any Hazardous Material at
          the Properties in violation of Environmental Law;

     (c)  cause its sublessees and/or its or their respective agents, employees,
          contractors and invitees to comply with all applicable Environmental
          Laws with respect to the Properties;

     (d)  within ten (10) Business Days of learning of any Environmental Claim
          in connection with the Properties, notify the Lessor in writing
          thereof and provide the Lessor any reasonably requested documents
          related thereto; and

     (e)  upon the Lessor's request, promptly provide or otherwise make
          available to the Lessor any records concerning the Properties which
          are required to be maintained under any Environmental Law and which
          the Lessee then possesses or can reasonably obtain.

10.  USE AND LOCATION

10.1 Location

     The Lessee shall not remove, or permit to be removed, the Improvements or
     any part thereof from the Properties without the prior written consent of
     the Lessor, except that, subject to Article 12 hereof, the Lessee or any
     other Person may remove (a) in accordance with the provisions of Section
     9.3, any Alteration with respect to which title has passed to or remained
     with the Lessee pursuant to such Section 9.3, (b) any Improvements if title
     to such Improvements shall have passed to the Lessee, (c) any part of the
     Improvements on a temporary basis for the purpose of repair or maintenance
     thereof, (d) any part of the Improvement which has been replaced by another
     part which has become subject to this Lease and the Lien of the Security
     Documents or (e) any part of the Improvement which has become obsolete to
     the Lessee, whereupon such obsolete part shall cease to be subject to this
     Lease and the Lien of the Security Documents; provided that in the case of
     this clause (e) (i) the aggregate value of all such removed parts not given
     to Lessor shall not exceed $5,000,000 (in the aggregate for purposes of
     this Lease, (ii) the

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<PAGE>

     Lessee will cause such removal to be performed diligently, in good faith
     and in a good and workmanlike manner and in compliance with all Applicable
     Laws and Regulations, and will promptly and fully repair all damage to the
     Properties caused by such removal and (iii) the Lessee shall have made such
     Alterations or adjustments to the Properties as are necessary to assure
     that the functions served by any such removed parts shall continue to be
     provided by other parts of the Properties.

10.2 Use

     The Lessee may use and occupy the Properties for any Permitted Uses.
     Permitted Uses shall mean any lawful purposes except that no use may be
     made (whether by the Lessee or any assignee or sublessee of the Lessee or
     otherwise) which: (a) is a public or private nuisance or which violates any
     Applicable Laws and Regulations upon or in any Property or any portion
     thereof, (b) would void any certificate of occupancy required for a
     Property, (c) involves the mining or removal of any oil, gas or minerals,
     (d) results in any violation of any Environmental Law that results in any
     Environmental Claims from which any material Environmental Damages become
     due and owing, or otherwise in any manner involves any Release of Hazardous
     Materials into the environment except in compliance with all applicable
     Environmental Laws and Governmental Actions issued pursuant to
     Environmental Laws or that makes it impossible to obtain, or results in the
     cancellation of or breach of any representation or restriction under the
     policies of insurance required by Articles 11 hereof; (e) is selling,
     renting or exhibiting pornographic material or other sexually explicit
     material (except as part of a magazine store customary for office
     buildings); or (f) is a massage parlor. Without limiting the foregoing,
     Lessee shall not permit the handling, processing, storage or disposal of
     Hazardous Materials on or at the Properties except to the extent incidental
     to or required for the conduct of a Permitted Use or a permitted
     Alteration, and then only in compliance with all applicable Environmental
     Laws.

11.  INSURANCE

11.1 Coverage

     Subject to the Lessee's rights of self-insurance set forth in this Section
     11.1, the Lessee shall maintain:

     (a)  standard all-risk property insurance covering the Improvements in an
          amount at least equal to the replacement cost of the Improvements, but
          not less than the outstanding principal balance of the Notes;

     (b)  "boiler and machinery" insurance with respect to damage (not insured
          against pursuant to Section 11.1(a) hereof) to the boilers, pressure
          vessels or similar apparatus located on the Properties for risks
          normally insured against under boiler and machinery policies;

     (c)  commercial general liability insurance including broad form
          contractual liability coverage with minimum combined single limits of
          $2,000,000 (except when the Security Documents shall no longer be in
          effect said limit shall be $1,000,000) for injury to or death of one
          or more Persons or damage to or destruction of property in any one
          occurrence;

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<PAGE>

     (d)  umbrella/excess liability insurance over the insurance required by
          subsection (c) with combined minimum coverage of $5,000,000 written on
          an occurrence form coverage basis;

     (e)  statutory workers' compensation insurance or qualified self-insurance;

     (f)  flood insurance with respect to those portions of the Properties that
          are located in areas identified by the Federal Emergency Management
          Agency as having special hazards; and

     (g)  builder's risk coverage during construction.

     The insurance required to be maintained pursuant to this Lease shall be no
     less favorable than that maintained on the Lessee's other properties and
     shall be written by companies of reputable standing.

     Any of the foregoing insurance coverages may be carried as a part of
     blanket policies, provided that (i) upon the Lessor's request, the insurer
     under such blanket policy(ies) shall certify to the Lessor and the
     Indenture Trustee any sublimits applicable to the Properties, which amounts
     shall not be less than those required by this Section 11.1; (ii) any such
     policy(ies) shall otherwise comply with the requirements of this Article
     11; and (iii) the protection afforded, except for the exhaustion of
     aggregate limits, under any such policy(ies) shall be no less than that
     which would have been afforded under a separate policy or policies relating
     only to the Properties.

     Notwithstanding the preceding provisions of this Section 11.1, the Lessee
     shall be entitled to self-insure and/or have deductibles against all risks
     described in Section 11.1(a)-(g) so long as the Lessee satisfies the Rating
     Test. In the event the Lessee fails in part or whole to carry insurance
     which complies with the requirements of this Article 11, if the Lessee is
     then entitled to self-insure the Lessee will not be deemed to be in breach
     of this Lease, but will be deemed to self-insure to the extent of such
     noncompliance. If the Lessee does not satisfy the Rating Test, then the
     amount of permitted self insurance and/or deductibles with respect to the
     Lessee shall not exceed $5,000,000 in the aggregate for the lines of
     insurance specified in Sections 11.1(a), (b), (f) and (g) and $5,000,000 in
     the aggregate for the lines of insurance specified in Sections 11.1(c), (d)
     and (e). To the extent the Lessee is not permitted to self-insure under the
     terms hereof, each insurer must have a claims paying ability rating of "A"
     or better from Duff & Phelps and "A" or better from Moody's, or if an
     insurer is not rated by Duff & Phelps or Moody's, it has an equivalent
     rating from at least one other nationally recognized statistical agency. In
     the event the Lessee does not satisfy the Rating Test (with the definition
     thereof modified to change the "BBB" referenced therein to "BBB-" and the
     "Baa2" referenced therein to "Baa3"), then the Lessee's maximum deductibles
     shall be the lesser of that described in the second preceding sentence or
     the standard deductible for comparable buildings in the same region as
     certified in writing by a national insurance broker or agency. The two
     preceding sentences shall be void and of no effect after the Security
     Documents are no longer in effect. The Lessor and the Owner Participant
     shall be entitled to maintain insurance coverage with respect to the
     Properties, provided that such insurance shall not increase the cost to the
     Lessee of carrying, or interfere with the ability of the Lessee to carry,
     insurance with respect to the Properties.

11.2 Policy Provisions

     Any insurance policy required to be maintained by the Lessee pursuant to
     Section 11.1 shall:

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<PAGE>

     (a)  specify the Lessee as the insured and the Lessor (in both its
          individual and trust capacities), the Owner Participant, the
          Co-Trustee, the Pass Through Trustee (in both its individual and trust
          capacities) and the Indenture Trustee (in both its individual and
          trust capacities) as additional insureds as to all such insurances
          (except the insurance described in Section 11.1(e));

     (b)  provide, in the case of insurance carried pursuant to Section 11.1(a)
          and (b), that all insurance proceeds in respect of any loss or
          occurrence (i) shall be adjusted with the Lessee, unless and only for
          so long as a Special Default or a Lease Event of Default shall be
          continuing, in which case such proceeds shall be adjusted solely with
          the Lessor and (ii) shall be payable (x) if no Special Default or
          Lease Event of Default is continuing, to the Lessee in accordance with
          Section 14.2, and (y) in all other circumstances unless and until the
          Indenture shall have been satisfied and discharged in accordance with
          Section 11.01 thereof, to the Indenture Trustee and thereafter, to the
          Lessor;

     (c)  provide that in respect of the interests of the Lessor, the
          Co-Trustee, the Owner Participant, the Pass Through Trustee and the
          Indenture Trustee, such policies shall not be invalidated by any
          action or inaction of the Lessee or any other Person (other than the
          Person making the claim thereunder) and shall insure the Lessor, the
          Co-Trustee, the Owner Participant, the Pass Through Trustee and the
          Indenture Trustee regardless of, and any claims for losses shall be
          payable notwithstanding:

          (i)  any act of negligence, including any breach of any condition or
               warranty in any policy of insurance, of the Lessee or any other
               Person (other than the Person making the claim thereunder);

          (ii) the occupation or use of the Properties for purposes more
               hazardous than permitted by the terms of the policies;

          (iii) any foreclosure or other proceeding or notice of sale relating
               to any of the Properties; and

          (iv) any change in the title to or ownership of any of the Properties
               after the Lessee and its insurance underwriter has notice of such
               change in title or ownership;

     (d)  provide that such insurance shall be primary insurance and that the
          insurers under such insurance policies shall be liable under such
          policies without right of contribution from any other insurance
          coverage effected by or on behalf of the Lessor, the Owner
          Participant, the Pass Through Trustee or the Indenture Trustee under
          any other insurance policies covering a loss that is also covered
          under the insurance policies maintained by the Lessee pursuant to this
          Article 11 and shall expressly provide that all provisions thereof,
          except the limits of liability (which shall be applicable to all
          insureds as a group) and liability for premiums (which shall be solely
          a liability of the Lessee), shall operate in the same manner as if
          there were a separate policy covering each insured;

     (e)  provide that any cancellation (except at the request of the Lessee)
          thereof shall not be effective as to the Lessee, the Lessor, the Owner
          Participant, the Pass Through Trustee and the Indenture Trustee until
          at least 30 days after receipt by the Lessee, the Lessor, the Pass
          Through Trustee and the Indenture Trustee of written notice thereof;

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<PAGE>

     (f)  waive any right of subrogation of the insurers against the Lessor, the
          Owner Participant, the Pass Through Trustee and the Indenture Trustee,
          and waive any right of the insurers to any setoff or counterclaim or
          any other deduction, whether by attachment or otherwise, in respect of
          any liability of the Lessor, the Owner Participant, the Pass Through
          Trustee and the Indenture Trustee; and

     (g)  provide that the whole or any part of the right, title and interest of
          the Lessor therein may be assigned to the Indenture Trustee.

11.3 Evidence of Insurance

     If the Lessee fails to satisfy the Rating Test at any time during the Lease
     Term, then the Lessee shall promptly (and in any event within 30 days)
     deliver to the Lessor, the Pass Through Trustee and the Indenture Trustee
     evidence of all insurance coverages as required by this Article 11 and
     annually thereafter until such time as the Lessee satisfies the Rating
     Test, the Lessee shall deliver to the Lessor, the Owner Participant, the
     Pass Through Trustee and the Indenture Trustee certificates of insurance
     evidencing the provisions described in Section 11.2(a) through (g) executed
     by the insurer or its duly authorized agent and stating that in the opinion
     of such issuer or its agent that such insurance complies with the
     provisions of this Article 11, and if the signer of such certificate is
     unwilling to make such statement on a full recourse basis, such certificate
     shall be accompanied by an Officer's Certificate of the Lessee which also
     certifies as to such matters.

12.  RETURN OF LEASED PROPERTY

     With the exception of any Properties which have been transferred, or leased
     under a FMV Lease or a Partial Occupancy Lease, to the Lessee pursuant to
     Article 3, 6, 14 or 19 of this Lease or Article IX of the Participation
     Agreement, the Lessee shall, on the expiration or earlier termination of
     this Lease with respect to a Property, and at its own expense, return such
     Property to the Lessor by surrendering the same into the possession of the
     Lessor free and clear of all Liens other than (i) Lessor Liens,
     Remainderman Liens, and Indenture Trustee Liens, (ii) Liens described in
     clauses (a), (f) or (g) (to the extent expressly permitted to survive
     termination of this Lease), of the definition of Permitted Liens except
     that solely for purposes of this sentence, clause (f)(z) of the definition
     of Permitted Liens shall be deemed to read: "(z) singly or in the aggregate
     do not (i) reduce, other than to a de minimis extent, the Fair Market Sales
     Value of the applicable Property, (ii) materially interfere with or result
     in a detriment to the conduct of the Lessee's business on the Properties
     pursuant to the Lease, (iii) impair, other than to a de minimis extent, the
     usefulness of the applicable Property or (iv) impair the Lessor's interest
     or the Owner Participant's interest or the Indenture Trustee's Lien on any
     portion of the Estate" and (iii) inchoate Liens for taxes which are not yet
     due, and in the condition required by this Lease (as modified by
     Alterations permitted by this Lease), ordinary wear and tear excepted;
     provided that any Improvements removed from the Properties pursuant to
     Section 10.1(c) shall have been returned to and reinstalled on such
     Properties. When the proposed parking facility (Parcel 2) located in St.
     Petersburg, Florida is returned to Lessor, it shall be free of asbestos and
     the office building, drive-through facilities, freestanding automated
     teller machines, and cash vault portion of such parking facility shall have
     been razed and all debris removed.

     Each Property when returned shall either be in "core and shell" condition
     or shall be in a condition such that such Property can be put to the same
     general use as such Property was used on the Closing Date (it being
     understood that a Property which is an office building may have retail
     space customary for the location of such Property) or, at the Lessee's
     election, if a Property

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<PAGE>

     is not then in either of such conditions, the Lessee may instead pay the
     Lessor in cash the reasonable cost of converting such Property to be in
     either such conditions, as the Lessee may elect (which payment shall
     include any expected loss of revenue to the Lessor during the time of
     conversion). If such cost cannot be agreed by the Lessor and the Lessee it
     shall be determined by the Appraisal Procedure.

     If the Lessee desires to remove any Severable Alteration from a Property
     during the 360 days prior to the return of such Property to Lessor (unless
     such return is a result of a Lease Event of Default, Event of Taking or
     Event of Loss), title to which is vested in Lessee pursuant to Section 9.3
     hereof, the Lessee shall give Lessor at least 90 days prior written notice
     and Lessor shall have the right to purchase any such Severable Alteration
     for its Fair Market Sales Value. Any such Alteration or other property of
     the Lessee which is not removed prior to the time of return shall, at
     Lessor's option, be removed by the Lessee at the Lessee's expense or become
     the property of Lessor and title thereto shall vest in Lessor.

13.  ASSIGNMENT

     The Lessee may (at the Lessee's expense) assign all of its right, title or
     interest in, to or under this Lease as to one or more Properties provided
     no Lease Event of Default or Special Default is then continuing. An
     assignment of the Lessee's rights under this Lease as to less than all of
     the Properties shall be effectuated by the execution by Lessor and the
     Lessee of an amendment of this Lease removing such Properties from the
     terms hereof and the execution and delivery of a separate lease of the
     Properties which are the subject of Lessee's assignment, which lease shall
     be on the same terms and conditions as this Lease except that Basic Rent
     and Stipulated Loss Values shall relate only to the Properties which are
     the subject of such assignment. In connection with any such assignment, the
     parties will negotiate such amendments to the Operative Documents as are
     necessary to effectuate the foregoing and the Lessee shall pay all parties'
     costs and expenses (including reasonable attorneys fees and expenses) in
     connection therewith. In the event of an assignment of all of the Lessee's
     rights under this Lease, the new lessee shall assume all of the Lessee's
     obligations hereunder. Notwithstanding any assignment by the Lessee, all
     obligations of the Lessee shall continue in full effect as obligations of a
     principal and not of a guarantor or surety, as though no assignment had
     been made. The Lessee will notify the Lessor and the Indenture Trustee of
     any such assignment and will provide the Lessor and the Indenture Trustee
     with a copy of such assignment at the Lessor's request.

14.  LOSS, DESTRUCTION, CONDEMNATION OR DAMAGE

14.1 Payment of Stipulated Loss Value on an Event of Loss

     If an Event of Loss shall occur with respect to a Property, the Lessee
     shall give the Lessor and the Indenture Trustee prompt written notice of
     such occurrence and the date thereof and the Lessee may elect one of the
     following options (it being agreed that (x) if the Lessee shall not have
     made the offer referred to in the following clause (i) within 60 days of
     the occurrence of the Event of Loss, the Lessee shall be deemed to have
     elected the option set forth in the following clause (ii) and (y) if it is
     impossible to restore, repair, replace or rebuild such Property, the Lessee
     must elect the following clause (i)):

          (i)  offer to purchase such Property from the Lessor on a Stipulated
               Loss Value Date not less than 90 or more than 270 days after the
               date such offer is made at a purchase price equal to the sum of
               (A) Stipulated Loss Value of such Property

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<PAGE>

               determined as of such Stipulated Loss Value Date, plus (B) all
               Supplemental Rent due and owing on such Stipulated Loss Value
               Date (including, without limitation, any transfer taxes and other
               expenses associated with such transfer which are indemnifiable
               under Article VIII of the Participation Agreement) plus (C) all
               Basic Rent due and owing on Rent Payment Dates on or prior to
               such Stipulated Loss Value Date (but not Basic Rent payable in
               advance on such Stipulated Loss Value Date), in which case the
               Lessor shall have 60 days from the date of receipt of the
               Lessee's offer to decide whether or not to accept such offer; or

          (ii) promptly, and in any event within 90 days of the occurrence of
               such Event of Loss, begin the process of restoring, repairing,
               replacing or rebuilding the Improvements which were damaged as a
               result of such Event of Loss and diligently pursue such
               rebuilding and repair so as to restore the affected Property or
               Properties to at least the value, residual value and useful life
               thereof immediately prior to the occurrence of such Event of Loss
               assuming such Property was in the condition required by this
               Lease. If the Lessee and the Lessor cannot agree as to such
               value, such value will be determined by the Appraisal Procedure.
               The Casualty Restoration Costs shall be paid first out of the
               Lessee's own funds to the extent the Casualty Restoration Costs
               exceed the Net Casualty Proceeds actually received and then out
               of the Net Casualty Proceeds.

     If the Lessee makes an offer to purchase a Property pursuant to Section
     14.1(i) and the Lessor accepts such offer or fails to respond to such offer
     within the 90-day period referenced in Section 14.1(i), the Lessee shall
     pay the purchase price specified in Section 14.1(i) to the Lessor on such
     Stipulated Loss Value Date; provided that any Net Casualty Proceeds then
     held by the Lessor or the Indenture Trustee shall be credited against such
     purchase price and any Net Casualty Proceeds remaining or collected after
     payment in full of all such amounts payable pursuant to Section 14.1(i)
     shall be paid to or retained by the Lessee. Upon payment in full of all
     amounts payable pursuant to Section 14.1(i), (w) subject to Section 11.01
     of the Indenture, such Property shall be released from the Lien of the
     Security Documents, (x) the Lease Term shall end with respect to such
     Property, (y) the obligations of the Lessee hereunder with respect to such
     Property (other than any obligations expressed herein as surviving
     termination of this Lease) shall terminate as of the date of such payment
     and (z) the Lessor shall transfer to the Lessee, or if the Lessee shall so
     designate, to the property damage insurer, without recourse or warranty but
     free and clear of Lessor Liens, all right, title and interest of the Lessor
     in, to and under such Property including all related Net Proceeds not
     otherwise retained by the Lessee or credited against the purchase price as
     provided above.

     In the event that the Lessor rejects the offer of the Lessee (which the
     Lessor may do only if it has deposited funds sufficient to pay all amounts
     due and owing on the Notes as of such Stipulated Loss Value Date), to
     purchase such Property as provided in clause (i) of this Section 14.1 at
     the purchase price stated therein, the following amount shall be paid to or
     retained (in the case of the proceeds of insurance) by the Lessor: the sum
     of (A) all insurance proceeds payable under the policy or policies of
     insurance required by this Lease, plus (B) an amount equal to the
     deductible under such policy or policies, plus (C) any amounts the Lessee
     has chosen to self-insure up to Stipulated Loss Value of such Property (the
     amounts described in clauses (A), (B) and (C) being collectively referred
     to as the Insurance Proceeds) plus (D) all Supplemental Rent then due, plus
     (E) accrued but unpaid Basic Rent due as of such date (but not Basic Rent
     payable in advance on

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<PAGE>

     the Stipulated Loss Value Date). Upon payment in full of such amount (1)
     the Lease Term shall end, and (2) the obligations of the Lessee hereunder
     (other than any obligations expressed herein as surviving termination of
     this Lease) with respect to the Property or Properties suffering such Event
     of Loss shall terminate as of the date of such payment. If the Lessor
     elects to reject the offer of the Lessee hereunder to purchase such
     Property pursuant to this Section 14.1, such notice of rejection shall be
     deemed effective only if it is countersigned by the Indenture Trustee if
     the Lien of the Security Documents is then in effect.

     If the Lessee elects Section 14.1(ii) with respect to a Property, the
     Lessee may request that the Owner Participant obtain (at the Lessee's
     expense) an opinion from counsel reasonably selected by Owner Participant
     to determine whether such election shall result in any amounts becoming due
     under the Tax Indemnification Agreement. The Owner Participant shall obtain
     such opinion within 30 days of such request. If (x) such opinion concludes
     that it is more likely than not that an amount in excess of $200,000 shall
     be so due or (y) Owner Participant does not obtain any such opinion within
     such 30 day period, the Lessee may, within 20 days of receipt of such
     opinion or of the end of such 30 days period, whichever is earlier, elect
     to offer to purchase such Property by payment of the amounts described in
     Section 14.1(i), whereupon the Lessor and the Lessee shall proceed as if
     the offer contemplated by Section 14.1(i) had been made.

14.2 Application of Payments When Lease Continues

     Payments (except for payments under insurance policies maintained other
     than pursuant to Article 11 of this Lease) received at any time by the
     Lessor, the Indenture Trustee or the Lessee from any Governmental Authority
     or other Person with respect to any Condemnation or Casualty to a Property
     or any part thereof or with respect to an Event of Loss not resulting in a
     termination of this Lease, shall (except to the extent Section 14.5
     applies) be paid to the Indenture Trustee and then immediately to the
     Lessee, to be applied, as necessary, for the repair or restoration of such
     Property and Improvements and any excess remaining thereafter shall, in the
     case of a Casualty or Event of Loss not resulting in a termination of this
     Lease, be retained by the Lessee, and, in the case of a Condemnation, to
     the extent the Lessee cannot rebuild and restore the affected Property to
     its value, residual value and useful life as existed immediately prior to
     such Condemnation, excess amounts shall be for the account of the Lessee
     and the Lessor, as their interests may appear. All such repair and
     restoration shall be effected by the Lessee in compliance with the
     requirements of Section 9.1 and Section 9.2.

     The Lessee shall maintain records for three years setting forth information
     relating to the receipt and application of payments in accordance with this
     Section 14.2. Such records shall be kept on file by the Lessee at its
     offices and shall be made available to the Lessor and the Indenture Trustee
     upon request.

     From and after a Condemnation, Casualty or Event of Loss and during or
     prior to any period of repair or rebuilding pursuant to this Article 14,
     this Lease will remain in full force and effect and Rent shall continue to
     accrue and be payable without abatement or reduction.

14.3 Payment of Stipulated Loss Value on an Event of Taking

     If an Event of Taking shall occur with respect to a Property, the Lessee
     shall give the Lessor, the Owner Participant, the Pass Through Trustee and
     the Indenture Trustee prompt written notice of such occurrence and the date
     thereof, and the Lessee shall offer to purchase the affected Property from
     the Lessor on a Stipulated Loss Value Date not less than 90 or more than
     270 days after the

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<PAGE>

     Event of Taking at a purchase price equal to the sum of (A) Stipulated Loss
     Value with respect to such Property determined as of such Stipulated Loss
     Value Date, plus (B) all Supplemental Rent due and owing on such Stipulated
     Loss Value Date (including, without limitation, any transfer taxes and
     other expenses associated with such transfer which are indemnifiable under
     Article VIII of the Participation Agreement), plus (C) all Basic Rent due
     and owing with respect to Rent Payment Dates on or prior to such Stipulated
     Loss Value Date (but not Basic Rent payable in advance on the Stipulated
     Loss Value Date). If the Lessor accepts such offer, or fails to respond to
     such offer within 90 days of its receipt of such notice, the Lessee shall
     pay the purchase price set forth in the preceding sentence on such
     Stipulated Loss Value Date, provided that the Net Condemnation Proceeds
     then held by the Lessor or the Indenture Trustee will first be allocated
     among the Lessee and Lessor as their interests appear and, second, the
     amounts allocated to the Lessee and the Lessor shall be applied in
     reduction of the Lessee's obligation to pay the purchase price for such
     Property, if not already paid by the Lessee, and the balance, if any, of
     the Net Condemnation Proceeds received or remaining thereafter shall be
     divided between the Lessor and the Lessee as their interests appear, or if
     the purchase price for such Property has already been paid by the Lessee,
     the Net Condemnation Proceeds shall be divided between the Lessor and the
     Lessee as their interests appear. If the Lessor rejects such offer within
     such 90-day period, the Net Condemnation Proceeds will first be allocated
     among the Lessee and the Lessor as their interests appear and, second, the
     amounts allocated to the Lessee and the Lessor shall be paid over to, and
     retained by, the Lessor up to said Stipulated Loss Value and any excess Net
     Condemnation Proceeds shall be divided between the Lessor and the Lessee as
     their interests may appear; provided that if the parties cannot agree upon
     such allocation of the excess Net Condemnation Proceeds, the Lessor and the
     Lessee agree to submit the matter to a mutually agreed upon method of
     arbitration. The Lessee may file a separate claim for its own losses (such
     as loss of fixtures, equipment and alterations owned by it) and moving and
     relocation expenses so long as such claim does not reduce the amount
     payable to the Lessor on account of its interest in the Properties. Upon
     distribution of the Net Condemnation Proceeds as provided in this Section
     14.3, in respect of amounts due under this Section 14.3, and payment of the
     sum of (A) all Supplemental Rent then due, plus (B) all Basic Rent-due on
     such date (but not Basic Rent payable in advance on the relevant Stipulated
     Loss Value Date), (1) the Lease Term shall end for such Property, (2) the
     obligations of the Lessee hereunder (other than any obligations expressed
     herein as surviving termination of this Lease) shall terminate with respect
     to the affected Property as of the date of such payment and (3) in the case
     of the purchase of the affected Property by the Lessee as provided in this
     Section 14.3, the Lessor shall transfer to the Lessee, or if the Lessee
     shall so designate, the condemning authority, without recourse or warranty
     but free and clear of Lessor Liens all right, title and interest of the
     Lessor in, to and under the affected Property shall be released from the
     Lien of the Security Documents, subject to Section 11.01 of the Indenture.
     If the Lessor elects to reject the offer of the Lessee hereunder to
     purchase such Property pursuant to this Section 14.3, it must prepay the
     Allocable Portion of the Notes with respect to such Property and the notice
     of rejection shall be deemed effective only if it is countersigned by the
     Indenture Trustee. Upon all payments due under this Section 14.3, with
     respect to a Property, (1) the Lease Term will end for such Property, and
     (2) the obligations of the Lessee hereunder (other than any obligations
     expressed herein as surviving termination of this Lease) with respect to
     such Property shall terminate.

14.4 Application of Certain Payments Not Relating to an Event of Taking

     In case of a Condemnation, this Lease shall remain in full force and
     effect, without any abatement or reduction of Basic Rent, and the Net
     Condemnation Proceeds shall, unless a Special Default or a Lease Event of
     Default has occurred and is continuing, be paid as set forth in Section
     14.2,

                                       33

<PAGE>

     except that any portion of the Net Condemnation Proceeds that was awarded
     with respect to the time period after the expiration or termination of the
     Lease Term shall be paid to the Lessor.

14.5 Other Dispositions

     Notwithstanding the foregoing provisions of this Article 14, so long as a
     Special Default or a Lease Event of Default shall have occurred and be
     continuing, any amount that would otherwise be payable to or for the
     account of, or that would otherwise be retained by, the Lessee pursuant to
     this Article 14 shall be paid to the Indenture Trustee (or to the Lessor
     after the Security Documents shall have been satisfied and discharged) as
     security for the obligations of the Lessee under this Lease and, at such
     time thereafter as no Special Default or Lease Event of Default shall be
     continuing, such amount shall be paid promptly to the Lessee.

14.6 Negotiations

     In the event any part of the Properties becomes subject to Condemnation or
     Event of Taking proceedings, the Lessee shall give notice thereof to the
     Lessor, the Pass Through Trustee and the Indenture Trustee promptly after
     the Lessee has knowledge thereof and shall control the negotiations with
     the relevant Governmental Authority unless a Lease Event of Default shall
     be continuing, in which case the Lessor shall control such negotiations;
     provided that in any event the Lessor and the Owner Participant may
     participate at the Lessee's expense in such negotiations, and no settlement
     will be made without Lessor's and Owner Participant's prior consent, not to
     be unreasonably withheld. The Lessee shall give to the Lessor, the Owner
     Participant, the Pass Through Trustee and the Indenture Trustee such
     information, and copies of such documents, which relate to such
     proceedings, or which relate to the settlement of amounts due under
     insurance policies required by Article 11, and are in the possession of the
     Lessee, as are reasonably requested by the Lessor, the Owner Participant,
     the Pass Through Trustee or the Indenture Trustee.

14.7 No Rent Abatement

     Rent shall not abate hereunder by reason of any Casualty, Event of Loss or
     Condemnation when this Lease does not terminate pursuant to the terms
     hereof, and the Lessee shall continue to perform and fulfill all of the
     Lessee's obligations, covenants and agreements hereunder notwithstanding
     such Casualty, Event of Loss or Condemnation.

14.8 Investment

     The Lessor agrees that, in accordance with Section 10.09 of the Indenture,
     to the extent the Lessor can control how any funds held by the Indenture
     Trustee pursuant to this Article 14 are invested, the Lessor shall follow
     the instructions of the Lessee with respect to the nature and timing of
     such investments unless a Special Default or a Lease Event of Default has
     occurred and is continuing.

15.  INTEREST CONVEYED TO LESSEE

     This Lease is an agreement of lease and the Lessor does not convey to the
     Lessee any right, title or interest in or to the Properties except as a
     lessee.

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<PAGE>

16.  SUBLEASE

16.1 Sublease Requirements

     The Lessee may sublease the Properties or any part thereof to any Person,
     on such terms and conditions as the Lessee may desire in its sole
     discretion, without the consent of the Lessor; provided, however, that (i)
     any such sublease shall not release the Lessee from any of its obligations
     or liabilities under this Lease of any nature whatsoever; (ii) any such
     sublease shall be expressly subject and subordinate to this Lease and the
     Lien of the Security Documents; (iii) no such sublease may be entered into
     if a Lease Event of Default or a Special Default has occurred and is
     continuing; (iv) any sublessee shall not be bankrupt at the inception of
     the sublease and shall be permitted to use the Properties only for the
     purposes permitted under this Lease; (v) any such sublease shall not
     increase the Lessor's, the Owner Participant's, the Indenture Trustee's or
     the Pass Through Trustee's exposure to the risk of Environmental Claims
     being made against it; and (vi) any such sublease of a Property or any
     portion thereof shall be for a term that does not extend beyond the Lease
     Term with respect to such Property (including any then exercised Renewal
     Terms). Notwithstanding the foregoing, any Existing Subleases shall not be
     subject and subordinate to this Lease or the Lien of the Security Documents
     and may, to the extent permitted under such Existing Sublease on the date
     of this Lease, extend beyond the Lease Term with respect to the related
     Property.

     Notwithstanding clauses (ii) and (vi) of the immediately preceding
     paragraph, the Lessee may enter into subleases which extend beyond the
     Lease Term (including any then exercised Renewal Term), provided that the
     following criteria are met at the inception of such sublease (the
     NonDisturbance Criteria):

          (i)  each such sublease agreement shall be in substantially the form
               of Exhibit B to this Lease; provided, however, that Lessor agrees
               to approve such reasonable variations in the form of such
               sublease agreement as are requested by Lessee on a case-by-case
               basis in order to facilitate specific subleases which otherwise
               satisfy the Non-Disturbance Criteria;

          (ii) the net effective rent, taking into account all economic terms,
               must be at least equal to the Fair Market Rental Value for
               comparable space in comparable buildings for a like term with a
               tenant of comparable financial creditworthiness;

          (iii)for subleases in excess of 20,000 Square Feet, the sublessee
               thereunder must provide evidence reasonably satisfactory to the
               Lessor that such sublessee has reasonably foreseeable financial
               ability to perform its obligations under the sublease;

          (iv) for subleases with Affiliates of the Lessee, the Lessor must
               consent, which consent will not be unreasonably withheld, or at
               the option of the Lessee, a third party independent appraiser
               acceptable to Lessee and Lessor must opine that the rents of the
               sublease comply with (ii) above;

          (v)  [reserved];

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<PAGE>

          (vi) the basic term of the sublease must not extend beyond 10 years,
               and any renewal terms must be at Fair Market Rental Value and
               must not extend, collectively, beyond an additional five years;

          (vii)basic and renewal rents under the sublease must be adjusted for
               CPI increases, or for a fixed increase of at least 2% per year,
               every five years, and basic rents of the sublease must not
               decrease;

          (viii) the present value of all rent concessions (including free rent,
               rent credits, rental abatements, tenant improvement allowances,
               moving allowances, space assumption or similar concessions or any
               other related transaction) during the basic term of the sublease
               must not exceed 20% of the present value (calculated using a
               discount rate equal to the Interest Rate, as adjusted for monthly
               compounding) of the scheduled basic rent payable during the basic
               term of the sublease;

          (ix) the sublease must include provisions that obligate the sublessee
               to pay its prorata share of operating expenses of the Property in
               accordance with relevant market practice at the time;

          (x)  sublease tenant improvements must not require extraordinary
               removal or modification to render the space usable by subsequent
               tenants;

          (xi) the sublessee's share of reserved parking spaces related to such
               Property, if any, must be no more than the sublessee's share of
               Square Feet in such Property; and

          (xii)the sublease must be subject to common area agreements governing
               parking and maintenance of parking areas.

     In the event that the Lessor and the Lessee cannot agree on whether any
     element of the Non-Disturbance Criteria has been satisfied, an independent
     third party agreed upon by the Lessor and the Lessee shall conclusively
     determine such issue. If such a third party is not agreed upon by both
     parties within 10 days of request therefor by either party, then either
     party may apply to the American Arbitration Association to appoint such a
     third party.

     If, in connection with any sublease, the Lessee requests that the Lessor
     confirm its agreement that the Non-Disturbance Criteria have been met, the
     Lessor shall respond in writing to any such request within 10 Business Days
     of receipt of such request. Such request, when made, shall be accompanied
     by copies of materials relevant to the determination that the
     Non-Disturbance Criteria have been met. If the Lessor does not respond to
     the Lessee's request in writing, either confirming that the Non-disturbance
     Criteria have been satisfied, or as described in the next sentence, by the
     end of such 10-Business-Day period, the Lessor shall be deemed to have
     confirmed that the Non-Disturbance Criteria have been met for all purposes
     under this Lease. If the Lessor expresses to the Lessee in writing within
     the relevant response period that, in the Lessor's opinion, one or more of
     the Non-disturbance Criteria have not been met, the Lessor must specify in
     such writing the reasons underlying such a conclusion in reasonable detail.

     If the Non-Disturbance Criteria are met, the Lessor and the Indenture
     Trustee irrevocably agree that, subject to the terms of the Subordination
     and Non-disturbance Agreement relating to such Senior Sublease, if any,
     notwithstanding the exercise by the Lessor and the Indenture Trustee of

                                       36

<PAGE>

     any rights under Article 19 (including but not limited to proceedings for
     eviction, termination or other enforcement action) or any termination of
     this Lease prior to the expiration of the Lease Term or any then exercised
     Renewal Term, the possession and other rights of the sublessee under such
     Senior Sublease shall not be disturbed or affected by the Lessor or the
     Indenture Trustee so long as no default by the sublessee exists under the
     terms of such Senior Sublease (after notice and an opportunity to cure, if
     any, as provided in the Senior Sublease). In the event of termination of
     this Lease as to any Property, all sublessees in such Property under Senior
     Subleases shall (unless such a default by such sublessee exists) continue
     as direct lessees from the Lessor, upon and subject to the terms and
     conditions of the Senior Sublease and such sublessees will attorn to the
     Lessor. Lessor shall deliver to the Lessee, for the benefit of the
     applicable sublessee under the Senior Sublease, within ten (10) Business
     Days after the Lessee's request, a confirmation of such attornment in favor
     of the Lessor, by executing a Subordination and Non-disturbance Agreement.

     When an Event of Default is continuing, the rights of the Lessor to
     determine whether Non-Disturbance Criteria have been satisfied, and to
     waive portions of such Non-Disturbance Criteria, shall be exercisable by,
     or subject to the approval of, the Indenture Trustee (or its agent), but
     otherwise such rights shall not be exercisable by or subject to the consent
     or approval of the Indenture Trustee (or its agent). The Indenture Trustee
     shall join in executing each Subordination and Nondisturbance Agreement
     whenever the Lessor does, upon request of Lessor, unless an Event of
     Default is then continuing.

     No sublease of a Property shall release the Lessee from any liability or
     from the performance of any of the Lessee's duties and obligations under
     this Lease and the other Operative Documents to which the Lessee is a
     party. If this Lease is terminated as to a certain Property, the Lessee
     shall not be liable to the Lessor for any obligations or responsibilities
     of any sublessees remaining in such Property, except to the extent such
     obligations arise from or relate solely to the sublessees' possession of
     such Property prior to the termination of this Lease with respect to such
     Property.

     The Lessee shall be entitled to retain any or all rent or other amounts
     paid under any sublease of the Properties during the Lease Term; provided
     that so long as a Lease Event of Default is continuing, the Lessee shall,
     if the Lessor so requests, direct sublessees to pay all rent or other
     amounts due under their subleases to the Lessor or as it may direct.

     In the event the Lessee exercises its rights under Section 6.1 hereof to
     terminate the Lease with respect to a Property, on the date on which
     Lessee's election to terminate becomes irrevocable, Lessor shall have the
     right, either itself or by agents engaged by Lessor (which engagement may
     occur by an assumption by Lessor of Lessee's leasing agency agreements, if
     any) to market any unleased space in such Property.

     Lessee shall not amend any Senior Sublease without the written consent of
     Lessor, Owner Participant and Indenture Trustee if such amendment results
     in a breach of any of the conditions listed in clauses (i)-(xii) above.
     Subject to the immediately preceding sentence, the Lessor shall, at
     Lessee's request, approve any amendment, modification, assignment,
     subletting, extension, renewal or prepayment of any sublease (with respect
     to which a Subordination and Non-disturbance Agreement is in effect) if the
     effect thereof does not result in a breach of any of the conditions listed
     in clauses (i)-(xii) above or any other provision of the Operative
     Documents to which the Lessee is a party.

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<PAGE>

16.2 Assignment of Subleases

(a)  Existing Subleases are hereby assigned by Lessor to Lessee for the Lease
     Term, and the Lessee assumes and agrees to perform each and every
     obligation of the landlord with respect to the Existing Subleases affecting
     the Properties, whether such obligations accrued prior to the Basic Term
     Commencement Date or accrue during the period from and after the Basic Term
     Commencement Date to the date such Existing Subleases are absolutely
     reassigned to Lessor as provided in Section 16.2(c) hereof.

(b)  The Lessee hereby collaterally reassigns to Lessor, as security for the
     performance of the Lessee's obligations hereunder, all of the Lessee's
     right, title and interest in and to (1) each Existing Sublease and (2) each
     and every sublease that the Lessee has entered into or may enter into with
     respect to any Property from time to time after the Original Closing Date
     and (3) any and all proceeds of any of the above, whether presently owned
     or hereinafter acquired and any future rights, benefits and claims arising
     therefrom (hereinafter clauses (1)-(3) collectively called the Assigned
     Subleases).

(c)  Upon the expiration of the Lease Term as to a Property, the Assigned
     Subleases in such Property shall automatically and without further action
     of the Lessor or the Lessee be reassigned to Lessor, in all cases free and
     clear of all Liens except Lessor Liens and Indenture Trustee Liens. Upon
     Lessor's request, Lessee shall execute an assignment of leases in form and
     substance reasonably satisfactory to Lessor confirming the foregoing.

(d)  The Lessee further acknowledges that the Lessor shall be further assigning
     the rights granted pursuant to this Section 16.2 to the Indenture Trustee
     under the Indenture.

(e)  Notwithstanding the assignment of rights and security interest granted in
     this Section 16.2, the Lessor agrees that, so long as no Lease Event of
     Default or Default under paragraph (e) of Article 18 is continuing, Lessee
     shall have the right to all rent, income and other sums becoming due and
     payable under the Assigned Subleases and the Lessor (and anyone claiming
     through the Lessor) shall not communicate or otherwise deal with (unless
     Lessee shall have given irrevocable notice of its right to terminate this
     Lease with respect to the applicable Property), or collect any rent from,
     any sublessee, or approach any sublessee for any acknowledgment of the
     assignment set forth in this Section 16.2 or receive any such
     acknowledgment.

(f)  Regardless of whether a Lease Event of Default or a Default under paragraph
     (e) of Article 18 is continuing, so long as the assignment made hereunder
     remains effective, the Lessor may exercise any inspection rights that the
     Lessee may have under a sublease.

16.3 Sublessor Improvements

     The Lessor agrees that for each Approved Sublease it shall reimburse the
     Lessee for the unamortized balance (computed without interest on a straight
     line basis over the basic term of such Approved Sublease, excluding
     renewals) of tenant improvement expenditures made by the Lessee in
     connection with such Approved Sublease; such balance to be calculated and
     reimbursed as of the date on which the Lessee surrenders possession to the
     Lessor of the Property which just before such surrender was subject to such
     Approved Sublease, whether such surrender occurs at the expiration or
     earlier termination of this Lease as it relates to such Property.

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<PAGE>

17.  INSPECTION, REPORTS AND NOTICES

17.1 Inspection

     Upon five days' prior notice (three days' prior notice if the Properties
     subject to the inspection (or any portion thereof) are being terminated
     from this Lease) to the Lessee, or in the case of emergency or while a
     Lease Event of Default is continuing upon reasonable notice, the Indenture
     Trustee, the Pass Through Trustee, the Lessor, the Owner Participant and
     their authorized representatives (the Inspecting Parties) may inspect, at
     their own expense and risk, the Properties other than any areas where
     proprietary information of the Lessee or any sublessee is retained in the
     ordinary course of business, but only in a manner so as to not unreasonably
     interfere with the Lessee's or any other occupant's business operations on
     the Properties and, if required by the Lessee, only when accompanied by a
     designated representative of the Lessee. The Inspecting Parties shall have
     no right to inspect the books, records or financial information of the
     Lessee (other than the books, records or financial information relating
     directly and primarily to the Properties, but only after material related
     to matters other than the Properties shall have been redacted from such
     documents). None of the Inspecting Parties shall have any duty to make any
     such inspection or inquiry and none of the Inspecting Parties shall incur
     any liability or obligation by reason of not making any such inspection or
     inquiry. None of the Inspecting Parties shall incur any liability or
     obligation by reason of making any such inspection or inquiry except for
     such Inspecting Party's gross negligence or willful misconduct.

17.2 Reports

     To the extent permissible, the Lessee shall prepare and file in a timely
     fashion, or, where the Lessor or the Owner Participant shall be required to
     file, the Lessee shall prepare and deliver to the Lessor or the Owner
     Participant, as applicable, within a reasonable time prior to the date for
     filing, any reports with respect to the condition or operation of the
     Properties that shall be required to be filed with any Governmental
     Authority.

17.3 Notices from Governmental Authorities

     The Lessor and the Owner Participant shall promptly provide the Lessee with
     copies of any communications received by the Lessor and the Owner
     Participant from any Governmental Authority relating to the Properties.

18.  LEASE EVENTS OF DEFAULT

     The following events shall constitute Lease Events of Default (whether any
     such event shall be voluntary or involuntary or come about or be effected
     by operation of law or pursuant to or in compliance with any judgment,
     decree or order of any court or any order, rule or regulation of any
     administrative or governmental body):

     (a)  the Lessee shall fail to make any payment of Basic Rent, Redemption
          Premium (arising as the result of the prepayment of any Secured Note
          pursuant to clauses (b), (c), (d) or (f) of Section 2.04 of the
          Indenture) or Stipulated Loss Value and such failure shall continue
          for five days after the date such payment was due;

     (b)  the Lessee shall fail to make any payment of any other Supplemental
          Rent not specifically set forth in paragraph (a) of this Article 18 or
          any other amount payable

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<PAGE>

          hereunder and such failure shall continue for a period of 30 days
          after notice of such failure to Lessee from the Lessor or the
          Indenture Trustee;

     (c)  the Lessee shall fail to maintain insurance in the amounts required by
          Section 11.1 or 11.2 hereof; provided, however, that if such failure
          is the result of the Lessee not obtaining the insurance required
          immediately following its downgrading below the Rating Test, such
          failure shall not constitute a Lease Event of Default unless such
          failure shall continue for 20 days;

     (d)  the Lessee shall fail to timely perform or observe any covenant,
          condition or agreement (not included in paragraph (a), (b) or (c) of
          this Article 18) to be performed or observed by it hereunder or under
          any other Operative Document to which the Lessee is a party (other
          than the Tax Indemnification Agreement) and such failure shall
          continue for a period of 30 days after Lessee receives written notice
          thereof from the Lessor or the Indenture Trustee; provided that the
          continuation of such failure shall not constitute a Lease Event of
          Default if (i) such failure is not reasonably curable within 30 days;
          (ii) the Lessee is diligently pursuing the cure of such default; (iii)
          such failure does not impair in any material respect the Lessor's
          ownership interest in the Properties or impair the Lien of the
          Security Documents; and (iv) such cure is completed within 270 days of
          Lessee's receipt of written notice of the default or by the end of the
          Lease Term, if earlier;

     (e)  the filing by the Lessee of any petition for dissolution or
          liquidation, conservatorship or receivership of the Lessee, or the
          commencement by the Lessee of any case under any applicable
          bankruptcy, insolvency or other similar law now or hereafter in
          effect, or the Lessee shall have consented to the entry of an order
          for relief under any such law, or the failure of the Lessee generally
          to pay its debts as such debts become due, or the failure by the
          Lessee promptly to satisfy or discharge any execution, garnishment or
          attachment of such consequence as will impair its ability to carry out
          its obligations under this Lease, or the appointment of or taking
          possession by a receiver, custodian or trustee (or other similar
          official) for the Lessee or any substantial part of its property, or a
          general assignment by the Lessee for the benefit of its creditors, or
          the entry by the Lessee into an agreement of composition with its
          creditors, or the Lessee shall have taken any corporate action in
          furtherance of any of the foregoing; or the filing against the Lessee
          of a petition in bankruptcy, insolvency or other similar law which
          results in an order for relief being entered or, notwithstanding that
          an order for relief has not been entered, the petition is not
          dismissed within 90 days of the date of the filing of the petition, or
          the filing under any law relating to bankruptcy, insolvency or relief
          of debtors of any petition against the Lessee for reorganization,
          conservatorship or receivership, composition, extension or arrangement
          with creditors which either (i) results in a finding or adjudication
          of insolvency of the Lessee or (ii) is not dismissed within 90 days of
          the date of the filing of such petition (the term dissolution or
          liquidation of the Lessee, as used in this paragraph (e), shall not be
          construed to include the cessation of the corporate existence of the
          Lessee resulting either from a merger or consolidation of the Lessee
          into or with another corporation or a dissolution or liquidation of
          the Lessee following a transfer of all or substantially all of its
          assets as an entirety, if the conditions permitting such actions
          contained in Section 5.1 of the Participation Agreement are
          satisfied); or

     (f)  any representation or warranty by the Lessee in any Operative Document
          to which the Lesee is a party (other than the Tax Indemnification
          Agreement) or in any certificate or document delivered to the Lessor
          or the Indenture Trustee pursuant to any Operative

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<PAGE>

          Document to which the Lessee is a party (other than the Tax
          Indemnification Agreement) shall have been materially incorrect when
          made and shall remain incorrect for 30 days after the Lessee's receipt
          of written notice thereof from the Lessor or the Indenture Trustee
          unless (i) such breach is curable and the Lessee is diligently
          attempting to cure such misrepresentation and (ii) such cure is
          completed within 270 days of receipt of such notice or the end of the
          Lease Term, if earlier;

19.  ENFORCEMENT

19.1 Remedies

     Upon the occurrence of any Lease Event of Default and at any time
     thereafter so long as the same shall be continuing, the Lessor may, at its
     option, by notice to the Lessee and the Indenture Trustee declare this
     Lease to be in default, and at any time thereafter so long as a Lease Event
     of Default is continuing the Lessor may exercise one or more of the
     following rights and remedies as the Lessor in its sole discretion shall
     determine:

     (a)  the Lessor may, by notice to the Lessee, terminate this Lease as to
          some or all of the Properties as of the date specified in such notice;
          however, (A) no reletting, reentry or taking of possession of the
          Properties by the Lessor will be construed as an election on the
          Lessor's part to terminate this Lease unless a written notice of such
          intention is given to the Lessee, (B) notwithstanding any reletting,
          reentry or taking of possession, the Lessor may at any time thereafter
          elect to terminate this Lease for a continuing Lease Event of Default,
          and (C) no act or thing done by the Lessor or any of its agents,
          representatives or employees and no agreement accepting a surrender of
          the Properties shall be valid unless the same be made in writing and
          executed by the Lessor;

     (b)  the Lessor may (i) demand that the Lessee, and the Lessee shall upon
          the demand of the Lessor, return the Properties promptly to the Lessor
          in the manner and condition required by, and otherwise in accordance
          with all of the provisions of, Articles 9 and 12 hereof as if the
          Properties were being returned at the end of the Lease Term, and the
          Lessor shall not be liable for the reimbursement of the Lessee for any
          costs and expenses incurred by the Lessee in connection therewith and
          (ii) without prejudice to any other remedy which the Lessor may have
          for possession of the Properties, enter upon the Properties and take
          immediate possession of the Properties (to the exclusion of the
          Lessee) and expel or remove the Lessee and any other Person who may be
          occupying the Properties (except any sublessee under Senior Subleases
          subject to an applicable Subordination and Non-Disturbance Agreement),
          by summary proceedings or otherwise, all without liability to the
          Lessee for or by reason of such entry or taking of possession, whether
          for the restoration of damage to property caused by such taking or
          otherwise and, in addition to Lessor's other damages, the Lessee shall
          be responsible for the reasonably necessary costs and expenses of
          reletting, including brokers' fees, marketing costs, legal fees and
          the costs of any repairs made by Lessor. The provisions of this
          Section 19.1(b) shall operate as a notice to quit and shall be deemed
          to satisfy any other requirement or provisions of Applicable Laws and
          Regulations which may require the Lessor to provide a notice to quit
          or of the Lessor's intention to reenter the Properties and any such
          requirements or provisions are hereby waived by the Lessee;

     (c)  the Lessor may sell all or any part of the Properties at public or
          private sale, as the Lessor may determine, free and clear of any
          rights of the Lessee and without any duty to account

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<PAGE>

          to the Lessee with respect to such action or inaction or any proceeds
          with respect thereto (except to the extent required by paragraph (f)
          below if the Lessor shall elect to exercise its rights thereunder) in
          which event the Lessee's obligation to pay Basic Rent hereunder for
          periods commencing after the date of such sale shall be terminated or
          proportionately reduced, as the case may be (except to the extent that
          Basic Rent is to be included in computations under paragraph (e) or
          (f) below if the Lessor shall elect to exercise its rights
          thereunder);

     (d)  to the extent permitted by Applicable Laws and Regulations, the Lessor
          may hold, keep idle or lease to others all or any part of the
          Properties as the Lessor in its sole discretion may determine, free
          and clear of any rights of the Lessee and without any duty to account
          to the Lessee with respect to such action or inaction or for any
          proceeds with respect to such action or inaction, except that the
          Lessee's obligation to pay Basic Rent from and after the occurrence of
          a Lease Event of Default shall be reduced by the net proceeds, if any,
          received by the Lessor from leasing the Properties previously leased
          to the Lessee to any Person other than the Lessee for the same periods
          or any portion thereof;

     (e)  the Lessor may, whether or not the Lessor shall have exercised or
          shall thereafter at any time exercise any of its rights under
          paragraph (b), (c) or (d) of this Article 19 with respect to one or
          more Properties, demand, by written notice to the Lessee, and specify
          a Stipulated Loss Value Date (the Final Payment Date) not earlier than
          25 days after the date of such notice, that the Lessee pays to the
          Lessor, on the Final Payment Date, as liquidated damages for loss of a
          bargain and not as a penalty (the parties agreeing that the Lessor's
          actual damages would be difficult to predict, but the aforementioned
          liquidated damages represent a reasonable approximation of such
          amount) (in lieu of Basic Rent due after the Final Payment Date), an
          amount equal to the sum of (A) all Supplemental Rent then due and
          owing plus all accrued Basic Rent unpaid as of the Final Payment Date
          other than, in the case where the Lessee pays all or any portion of
          Stipulated Loss Value to the Lessor pursuant to clauses (i), (ii) or
          (iii) below, the Basic Rent installment due and payable in advance on
          such Stipulated Loss Value Date, plus (B) whichever of the following
          amounts the Lessor, in its sole discretion, shall specify in such
          notice (together with interest on such amount at the Overdue Rate from
          the Final Payment Date specified in such notice to the date of actual
          payment):

          (i)  if a Property has not been sold, an amount equal to the excess,
               if any, of the Stipulated Loss Value of such Property, computed
               as of the Final Payment Date, over the Fair Market Sales Value of
               such Property as of the Final Payment Date (such Fair Market
               Sales Value to be determined by mutual agreement of the Lessor
               and the Lessee or if they cannot agree within 10 days after such
               notice by the Appraisal Procedure);

          (ii) an amount equal to the excess, if any, of the Stipulated Loss
               Value of a Property computed as of the Final Payment Date over
               the present value of the Fair Market Rental Value of such
               Property for the balance of the useful life of such Property
               discounted at the Interest Rate (as adjusted for monthly
               compounding) (such Fair Market Rental Value to be determined by
               mutual agreement of the Lessor and the Lessee or if they cannot
               agree within 10 days of such notice by the Appraisal Procedure);
               or

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<PAGE>

          (iii)the Stipulated Loss Value of a Property computed as of the Final
               Payment Date and upon payment of such amount, and the amount of
               any unpaid Rent referred to in Section 19.2, the Lessor shall
               convey to the Lessee all of the Lessor's right, title and
               interest in and to such Property without recourse or warranty,
               but free and clear of Lessor's Liens;

     (f)  if the Lessor shall have sold a Property pursuant to paragraph (c)
          above, the Lessor, in lieu of exercising its rights under paragraph
          (e) above, may, if it shall so elect, demand that the Lessee pay to
          the Lessor, and the Lessee shall pay to the Lessor, on the date of
          such sale, as liquidated damages for loss of a bargain and not as a
          penalty (the parties agreeing that the Lessor's actual damages would
          be difficult to predict, but the aforementioned liquidated damages
          represent a reasonable approximation of such amount) (in lieu of Basic
          Rent due for periods commencing on or after the Stipulated Loss Value
          Date coinciding with such date of sale (or, if the sale date is not a
          Stipulated Loss Value Date, the Stipulated Loss Value Date next
          preceding the date of such sale)), an amount equal to the sum of (1)
          all accrued and unpaid Basic Rent as of such Stipulated Loss Value
          Date other than, in the case where the Lessee pays all or any portion
          of Stipulated Loss Value on such Stipulated Loss Value Date, the Basic
          Rent installment due and payable in advance on such Stipulated Loss
          Value Date, plus (2) the amount of any excess of the Stipulated Loss
          Value of such Property, computed as of such Stipulated Loss Value
          Date, over the net proceeds of such sale, together with interest at
          the Interest Rate on such excess from such Stipulated Loss Value Date
          to the date of sale, plus (3) all Supplemental Rent then due and owing
          under this Lease, plus (4) interest at the Overdue Rate on all of the
          foregoing amounts from the date of such sale until the date of
          payment;

     (g)  the Lessor may exercise any other right or remedy that may be
          available to it under Applicable Laws and Regulations or in equity, or
          proceed by appropriate court action (legal or equitable) to enforce
          the terms hereof or to recover damages for the breach hereof. Separate
          suits may be brought to collect any such damages for any period of
          this Lease, and such suits shall not in any manner prejudice the
          Lessor's right to collect any such damages for any subsequent period
          of this Lease, or the Lessor may defer any such suit until after the
          expiration of the Basic Term or the then current Renewal Term, in
          which event such suit shall be deemed not to have accrued until the
          expiration of the Basic Term, or the then current Renewal Term; or

     (h)  the Lessor may retain and apply against the Lessor's damages, all sums
          which the Lessor would, absent such Lease Event of Default, be
          required to pay to, or turn over to, the Lessee pursuant to the terms
          of this Lease, including, without limitation, any sums which the
          Lessor may be required to pay to the Lessee under Section 14.5.

19.2 Survival of the Lessee's Obligations

     No termination of this Lease, in whole or in part, or repossession of any
     of the Properties or exercise of any remedy under Section 19.1 shall,
     except as specifically provided therein, relieve the Lessee of any of its
     liabilities and obligations hereunder. In addition, except as specifically
     provided therein, the Lessee shall be liable, except as otherwise provided
     above, for any and all unpaid Rent due hereunder before, after or during
     the exercise of any of the foregoing remedies, including all reasonable
     legal fees and other costs and expenses incurred by the Lessor, the Pass
     Through Trustee and the Indenture Trustee by reason of the occurrence of
     any Lease Event of Default or the exercise of the Lessor's remedies with
     respect thereto, and including all costs and

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<PAGE>

     expenses incurred in connection with the return of the Properties in the
     manner and condition required by, and otherwise in accordance with the
     provisions of, Articles 9 and 12 hereof as if such Properties were being
     returned at the end of the Lease Term. At any sale of the Properties or any
     part thereof or any other rights pursuant to Section 19.1, the Lessor, the
     Owner Participant or the Indenture Trustee may bid for and purchase such
     Properties.

19.3 Remedies Cumulative; No Waiver; Consents

     To the extent permitted by, and subject to the mandatory requirements of,
     Applicable Laws and Regulations, each and every right, power and remedy
     herein specifically given to the Lessor or otherwise in this Lease shall be
     cumulative and shall be in addition to every other right, power and remedy
     herein specifically given or now or hereafter existing at law, in equity or
     by statute, and each and every right, power and remedy whether specifically
     herein given or otherwise existing may be exercised from time to time and
     as often and in such order as may be deemed expedient by the Lessor, and
     the exercise or the beginning of the exercise of any power or remedy shall
     not be construed to be a waiver of the right to exercise at the same time
     or thereafter any right, power or remedy. No delay or omission by the
     Lessor in the exercise of any right, power or remedy or in the pursuit of
     any remedy shall impair any such right, power or remedy or be construed to
     be a waiver of any default on the part of the Lessee or to be an
     acquiescence therein. The Lessor's consent to any request made by the
     Lessee shall not be deemed to constitute or preclude the necessity for
     obtaining the Lessor's consent, in the future, to all similar requests. No
     express or implied waiver by the Lessor of any Lease Event of Default shall
     in any way be, or be construed to be, a waiver of any future or subsequent
     Lease Event of Default.

20.  RIGHT TO PERFORM FOR THE LESSEE

     If the Lessee shall fail to perform or comply with any of its agreements
     contained herein or in any other Operative Document to which the Lessee is
     a party, the Lessor may, on five Business Days' (one Business Day's in the
     case of an emergency) prior notice to the Lessee, but only if the Lessee is
     not diligently attempting to cure such failure, perform or comply with such
     agreement, and the Lessor shall not thereby be deemed to have waived any
     default caused by such failure, and the amount of such payment and the
     amount of the expenses of the Lessor (including reasonable attorney's fees
     and expenses) incurred in connection with such payment or the performance
     of or compliance with such agreement, as the case may be, together with
     interest thereon at the Overdue Rate, shall be deemed Supplemental Rent,
     payable by the Lessee to the Lessor upon demand. The provisions set forth
     in the preceding sentence shall not be construed as extending or modifying
     the cure periods otherwise provided under Article 18 with respect to Lease
     Events of Default.

21.  MISCELLANEOUS

21.1 Binding Effect; Successors and Assigns; Survival

     The terms and provisions of this Lease, and the respective rights and
     obligations hereunder of the Lessor and the Lessee, shall be binding upon
     their respective successors, legal representatives and assigns, and inure
     to the benefit of their respective permitted successors and assigns, and
     the express rights hereunder of the Indenture Trustee and the Pass Through
     Trustee shall inure (subject to such conditions as are contained herein) to
     the benefit of their respective permitted successors and assigns. The
     obligations of the Lessee (a) under Section 3.2 and (b) with respect to any
     Property or Properties terminated from this Lease, where such obligations
     referenced in

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<PAGE>

     clause (a) or (b) were accrued prior to the effectiveness of such
     termination, shall survive the termination of this Lease.

21.2 Quiet Enjoyment

     The Lessor covenants that it will not interfere in the Lessee's, and any
     permitted sublessee's, respective peaceful and quiet enjoyment of the
     Properties hereunder during the Lease Term, so long as no Lease Event of
     Default has occurred and is continuing, but subject in all cases to Section
     16.1; provided that the Lessor shall have no responsibility for the actions
     of the Indenture Trustee, the Pass Through Trustee or any Person claiming
     by, through or under either thereof or for any defects in or exceptions to
     title to the Properties other than those which are attributable to Lessor's
     Liens.

21.3 Notices

     Unless otherwise specifically provided herein, all notices, consents,
     demands, directions, approvals, instructions, requests and other
     communications required or permitted by the terms hereof to be given to any
     Person shall be given as provided in Section 12.3 of the Participation
     Agreement.

21.4 Severability

     Any provision of this Lease that shall be prohibited or unenforceable in
     any jurisdiction shall, as to such jurisdiction, be ineffective to the
     extent of such prohibition or unenforceability without invalidating the
     remaining provisions hereof and any such prohibition or unenforceability in
     any jurisdiction shall not invalidate or render unenforceable such
     provision in any other jurisdiction, and the Lessee shall remain liable to
     perform its obligations hereunder except to the extent of such
     unenforceability. To the extent permitted by Applicable Laws and
     Regulations, the Lessee hereby waives any provision of law that renders any
     provision hereof prohibited or unenforceable in any respect.

21.5 Amendment; Complete Agreements

     Neither this Lease nor any of the terms hereof may be terminated, amended,
     supplemented, waived or modified orally, but only by an instrument in
     writing signed by the party against which the enforcement of the
     termination, amendment, supplement, waiver or modification shall be sought.
     This Lease, together with the other Operative Documents, is intended by the
     parties as a final expression of their lease agreement and as a complete
     and exclusive statement of the terms thereof, all negotiations,
     considerations and representations between the parties having been
     incorporated herein and therein. No course of prior dealings between the
     parties or their officers, employees, agents or Affiliates shall be
     relevant or admissible to supplement, explain, or vary any of the terms of
     this Lease or any other Operative Document. Acceptance of, or acquiescence
     in, a course of performance rendered under this or any prior agreement
     between the parties or their Affiliates shall not be relevant or admissible
     to determine the meaning of any of the terms of this Lease or any other
     Operative Document. No representations, undertakings, or agreements have
     been made or relied upon in the making of this Lease other than those
     specifically set forth in the Operative Documents.

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<PAGE>

21.6 Headings

     The Table of Contents and headings of the various Articles and Sections of
     this Lease are for convenience of reference only and shall not modify,
     define or limit any of the terms or provisions hereof.

21.7 Counterparts

     This Lease may be executed by the parties hereto in separate counterparts,
     each of which when so executed and delivered shall be an original, but all
     such counterparts shall together constitute but one and the same
     instrument.

21.8 Governing Law

     This Lease shall in all respects be governed by, and construed in
     accordance with, the laws of the State of New York applicable to agreements
     made and to be performed entirely within such State, including all matters
     of construction, validity and performance, except laws governing conflicts
     of law, provided that to the extent the law of the jurisdiction where a
     Property is located requires that the laws of such jurisdiction apply to
     any aspect of this Lease, then to that extent such laws of such
     jurisdiction will so apply to such Property.

21.9 Apportionments

     Upon any termination of this Lease as to a Property, (a) there shall be
     apportioned, as of the date of such termination all items of income and
     expense, including but not limited to, all rents (including water or sewer
     rents), real estate taxes, assessments, insurance or other charges payable
     with respect to such Property; (b) the Lessee shall transfer to Lessor all
     security deposits (whether cash or other form of security) from any
     sublessee under Assigned Subleases, including Senior Subleases, (c) all
     contracts pertaining to the operation of such Property shall, at Lessor's
     option as to each such contract if it is assignable, be assigned to Lessor
     and assumed by Lessor or its designee, (d) Lessee shall undertake such
     other actions as are necessary or appropriate in connection with the
     termination of this Lease and the transfer of possession of the Property to
     Lessor, (e) the Lessee shall deliver to Lessor or its designee at least one
     complete set of as-built plans for the Improvements in Lessee's or its
     managing agent's possession and (f) the Lessee shall deliver to Lessor
     copies or originals of all books and records in Lessee's or its managing
     agent's possession pertaining to the operation of the Property.

21.10 Discharge of the Lessee's Obligations by its Sublessees

     The Lessor agrees that performance by any sublessee of the Lessee's
     obligations hereunder shall constitute performance by the Lessee of such
     obligations to the same extent and with the same effect hereunder as if
     such obligations were performed by the Lessee.

21.11 Nature of Lessor's Obligations

     Trust Company and the Co-Trustee are each parties to this Agreement solely
     in their respective capacities as trustee under the Trust Agreement
     (1997-D) and not in their individual capacities (except as expressly stated
     therein) and in no case shall Owner Participant, Trust Company or
     Co-Trustee (or any entity acting as successor trustee under the Trust
     Agreement (1997-D)) be personally liable for or on account of any of the
     statements, representations, warranties, covenants

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<PAGE>

     or obligations stated to be those of Lessor hereunder, all such liability,
     if any, being expressly waived by the parties hereto and any Person
     claiming by, through, or under any such party; provided, however, that
     Trust Company (or any such successor trustee) shall be personally liable
     hereunder for its own gross negligence or willful misconduct and for its
     breach of its covenants, representations and warranties contained herein,
     to the extent covenanted or made in its individual capacity.

21.12 Estoppel Certificates

     Each party hereto agrees that at any time and from time to time during the
     Lease Term, it will promptly, but in no event later than thirty (30) days
     after request by the other party hereto, execute, acknowledge and deliver
     to such other party or to any prospective purchaser (if such prospective
     purchaser has signed a purchase agreement, commitment or letter of intent
     to purchase the Properties or any part thereof), assignee or mortgagee or
     third party designated by such other party, a certificate stating (a) that
     this Lease is unmodified and in full force and effect (or if there have
     been modifications, that this Lease is in full force and effect as
     modified, and identifying the modification agreements); (b) the date to
     which Basic Rent has been paid; (c) whether or not there is any existing
     default by the Lessee in the payment of Basic Rent or any other sum of
     money hereunder, and whether or not, to the knowledge of the signer, there
     is any other existing default by either party with respect to which a
     notice of default has been served, and, if there is any such default,
     specifying the nature and extent thereof; (d) whether or not, to the
     knowledge of the signer, there are any setoffs, defenses or counterclaims
     against enforcement of the obligations to be performed hereunder existing
     in favor of the party executing such certificate and (e) other items that
     may be reasonably requested; provided that no such certificate may be
     requested unless the requesting party has a good faith reason for such
     request.

21.13 Granting of Easements

     If no Lease Event of Default has occurred and is continuing, the Lessor
     will join with the Lessee from time to time at the request of the Lessee
     (at the Lessee's sole cost and expense) to (a) subject to the terms of
     Sections 14.3 and 14.6, sell, assign, convey or otherwise transfer an
     interest in the Properties to any Person legally empowered to take such
     interest under the power of eminent domain, (b) grant easements, licenses,
     rights of way and other rights and privileges in the nature of easements,
     (c) release existing easements and appurtenances affecting the Properties,
     (d) subject to the terms of Sections 14.3 and 14.6, dedicate or transfer
     unimproved portions of the Properties for road, highway or other public
     purposes, (e) execute petitions to have the Properties annexed to any
     municipal corporation or utility district, (f) execute amendments to any
     covenants and restrictions affecting the Properties and (g) execute and
     deliver any instrument, in form and substance reasonably acceptable to the
     Lessor, necessary or appropriate to make or confirm such grants or releases
     to any Person, with or without consideration, but in all cases only if (1)
     the Lessor and the Indenture Trustee shall have received, together with the
     request from the Lessee to make such grant or release, (x) an Officer's
     Certificate of the Lessee stating that such grant or release does not
     interfere with the continued use of the Properties pursuant to this Lease
     and does not reduce the Fair Market Sales Value of the Properties except to
     a de minimis extent, and (y) an Officer's Certificate of the Lessee stating
     the consideration, if any, and that such consideration being paid for said
     sale, grant, easement, license, release, right of way, petition, amendment
     or other such instruments described in this paragraph, is in the opinion of
     the Lessee fair and adequate (such consideration, to the extent in the form
     of cash and/or tangible property, to be shared by the Lessor and the Lessee
     in proportion to their respective interests in the affected Properties) and
     (z) a duly authorized and binding undertaking of the Lessee, in form and

                                       47

<PAGE>

     substance reasonably satisfactory to the Lessor, to remain obligated under
     this Lease as though such easement, license, right-of-way or other right or
     privilege has not been granted or released, and to perform all obligations
     of the Lessor, grantor or party effecting the release or granting such
     easement or other interest under such instrument of grant or release during
     the Lease Term and (2) the statements in the certificates described in the
     preceding clauses (x) and (y) are accurate. Notwithstanding the foregoing,
     the Lessor shall not be required to grant to any Person an easement
     allowing access to and/or through any portion of the Properties the term of
     which exceeds the Lease Term; provided that this sentence shall not be
     construed to limit the rights of the Lessee to remove Severable
     Improvements and Alterations within a reasonable time beyond the Lease Term
     as provided in Article 12.

21.14 No Joint Venture

     Any intention to create a joint venture or partnership relation between the
     Lessor and the Lessee, is hereby expressly disclaimed.

21.15 No Accord and Satisfaction

     The acceptance by the Lessor of any sums from the Lessee (whether as Basic
     Rent or otherwise) in amounts which are less than the amounts due and
     payable by the Lessee hereunder is not intended, nor shall be construed, to
     constitute an accord and satisfaction of any dispute between the Lessor and
     the Lessee regarding sums due and payable by the Lessee hereunder, unless
     the Lessor specifically deems it as such in writing.

21.16 No Merger

     In no event shall the leasehold interest, estate or right of the Lessee
     hereunder, or of the Holder of any Notes secured by a security interest in
     this Lease, merge with any interests, estates or rights of the Lessor in or
     to the Properties, it being understood that such lease hold interest,
     estate and right of the Lessee hereunder, and of the Holder of any Notes
     secured by a security interest in this Lease, shall each be deemed to be
     separate and distinct from the Lessor's interests, estates and rights in or
     to the Properties, notwithstanding that any such interests, estates or
     rights shall at any time or times be held by or vested in the same Person;
     provided, however, that if all of such interests, estates or rights at any
     time shall be held by or vested in one Person, such Person may at its
     option effect a merger of such interests by written instrument clearly and
     specifically evidencing such intention.

21.17 Investment of Funds

     Any moneys held by the Lessor or the Indenture Trustee as security
     hereunder (to the extent not applied against the Lessee's obligations under
     the Operative Documents to which the Lessee is a party) at a time when a
     Lease Event of Default or Special Default exists shall, until paid to the
     Lessee or so applied, be invested by the Lessor in Permitted Investments,
     at the Lessee's risk and expense. All such amounts, including any gain
     (including interest received) realized as a result of any such investment
     (net of any fees, Taxes, commissions and other expenses, if any, incurred
     in connection with such investment) shall be reinvested, applied or paid
     over to the Lessee, at its direction, upon the Lessee's cure of its Lease
     Event of Default or Special Default.

                                       48

<PAGE>

21.18 True Lease

     This Lease is intended as, and shall constitute, an agreement of lease, and
     nothing herein shall be construed as conveying to the Lessee any right,
     title or interest in or to the Properties, except as a lessee.

21.19 Radon Disclosure

     Lessee is hereby advised that radon is a naturally occurring radioactive
     gas that, when it has accumulated in a building in sufficient quantities,
     may present health risks to persons who are exposed to it over time. Levels
     of radon that exceed federal and state guidelines have been found in
     buildings in Florida. Additional information regarding radon and radon
     testing may be obtained from your county public health unit. The foregoing
     disclosure is provided to comply with Florida law, is for informational
     purposes only and does not create any contingency or any representation,
     warranty or obligation of Lessor.

                                       49

<PAGE>

IN WITNESS WHEREOF, the undersigned have each caused this Lease Agreement to be
duly executed and delivered and their corporate seals to be hereunto affixed and
attested by their respective officers thereunto duly authorized as of the day
and year first above written.

SIGNED, SEALED AND
DELIVERED IN THE PRESENCE OF:

                                        U.S. BANK NATIONAL ASSOCIATION, not in
                                        its individual capacity, but solely as
                                        successor Owner Trustee to State Street
                                        Bank and Trust Company of Connecticut,
                                        National Association, under the Amended
                                        and Restated Trust Agreement (1997-D)
                                        dated as of May 23, 2003, as Lessor in
                                        states other than the Co-Trustee States
                                        and with the Co-Trustee, as applicable
                                        in the Co-Trustee States, as Lessor

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

-------------------------------------
Name:

                                        PATRICK E. THEBADO, not in his
                                        individual capacity, but solely as
                                        successor Co-Trustee to Dori Anne
                                        Seakas, as successor Co-Trustee to Traci
                                        Hopkins, under the Amended and Restated
                                        Trust Agreement (1997-D) dated as of May
                                        23, 2003, with the Owner Trustee as
                                        applicable in the Co-Trustee States, as
                                        Lessor

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

-------------------------------------
Name:

                                        BANK OF AMERICA, N.A.
                                        as Lessee

                                        By:
-------------------------------------       ------------------------------------
Name:                                   Name: Michael F. Hord
                                        Title: Associate General Counsel

-------------------------------------
Name:

                                       50

<PAGE>

* Receipt of this original Counterpart No. 1 of the foregoing Lease Agreement is
hereby acknowledged on      day of May, 2003.
                       ----

                                        WELLS FARGO BANK NORTHWEST,
                                        NATIONAL ASSOCIATION
                                        as Indenture Trustee

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

-------------------------------------
Name:

*    This language contained in
     original Counterpart No. 1 only

                                       51

<PAGE>

                                    EXHIBIT A

                                FORM OF FMV LEASE

            [Form to be agreed to between the Lessor and the Lessee]

                                       52

<PAGE>

                                    EXHIBIT B

                                FORM OF SUBLEASE

                                       53

<PAGE>

                                    EXHIBIT C

                            FORM OF BANK BRANCH LEASE

                                       54

<PAGE>

                                    EXHIBIT D

                   FORM OF SUBORDINATION, NON-DISTURBANCE AND
                              ATTORNMENT AGREEMENT

                                       55

<PAGE>

                                    EXHIBIT E

                              FORM OF AFR SUBLEASE

            [Form to be agreed to between the Lessor and the Lessee]

                                       56

<PAGE>

                                    EXHIBIT F

                         FORM OF PARTIAL OCCUPANCY LEASE

            [Form to be agreed to between the Lessor and the Lessee]

                                       57

<PAGE>

                                   SCHEDULE 1

                                    [TO COME]

                                       58

<PAGE>

                          SCHEDULE 2

                                             Assumed
Property                                Termination Date
--------                                ----------------

Baltimore, MD - Calvert St.              June 10, 2004

Arlington, VA                            June 10, 2004

Columbia, SC                             June 10, 2004

Silver Spring, MD                        June 10, 2004

College Park (Southside), GA             June 10, 2004

Washington, DC                           June 10, 2004

St. Petersburg, FL                       June 10, 2004

Tucker (Northeast), GA                   June 10, 2009

Greensboro, NC                           June 10, 2009

Baltimore, MD - Charles St.              June 10, 2015

Richmond, VA - Villa Park                June 10, 2022

Norfolk, VA - Two Commercial             June 10, 2022

Richmond, VA - Bank of America Center    June 10, 2022

Norfolk, VA - Bank of America Center     June 10, 2022

                                       59

<PAGE>

                                   SCHEDULE 3

I.   Address:   Washington Office
                730 15th Street
                Washington, DC

     Land Description:   See Attached Appendix IA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix IB.

     Lessor's Cost:   $15,590,499.

     Square Feet:   110,841

                                       60

<PAGE>

II.  Address:   St. Petersburg Operations Center
                830 Central Avenue
                St. Petersburg, FL

     Land Description:   See Attached Appendix IIA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix IIB.

     Lessor's Cost:   $4,296,770.

     Square Feet:   83,108

                                       61

<PAGE>

IV.  Address:   Southside Center
                6000 Feldwood Road
                College Park, GA

     Land Description:   See Attached Appendix IVA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix IVB.

     Lessor's Cost:   $14,798,688.

     Square Feet:   233,644

                                       62

<PAGE>

V.   Address:   Northeast Center
                2059 Northlake Parkway
                Tucker, GA

     Land Description:   See Attached Appendix VA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix VB.

     Lessor's Cost:   $21,593,123.

     Square Feet:   248,024

                                       63

<PAGE>

VI.  Address:   Calvert Center
                225 North Calvert Street
                Baltimore, MD

     Land Description:   See Attached Appendix VIA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix VIB.

     Lessor's Cost:   $10,396,422.

     Square Feet:   381,422

                                       64

<PAGE>

VII. Address:   Charles Street
                100 South Charles Street
                Baltimore, MD

     Land Description:   See Attached Appendix VIIA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix VIIB.

     Lessor's Cost:   $45,788,074.

     Square Feet:   473,324

                                       65

<PAGE>

VIII. Address:  Veirs Mill
                12125 Veirs Mill Road
                Silver Spring, MD

     Land Description:   See Attached Appendix VIIIA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix VIIIB.

     Lessor's Cost:   $1,598,688.

     Square Feet:   27,557

                                       66

<PAGE>

IX.  Address:   Triad Center
                4161 Piedmont Avenue
                Greensboro, NC

     Land Description:   See Attached Appendix IXA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix IXB.

     Lessor's Cost:   $28,496,363.

     Square Feet:   359,652

                                       67

<PAGE>

X.   Address:   Columbia Control Center
                295 Greystone Boulevard
                Columbia, SC

     Land Description:   See Attached Appendix XA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix XB.

     Lessor's Cost:   $6,198,807.

     Square Feet:   71,962

                                       68

<PAGE>

XI.  Address:   Arlington Main
                3401 Columbia Pike
                Arlington, VA

     Land Description:   See Attached Appendix XIA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix XIB.

     Lessor's Cost:   $1,598,589.

     Square Feet:   25,624

                                       69

<PAGE>

XII. Address:   Building                 Garage

                Bank of America Center   Parking Garage
                One Commercial Place     One Commercial Place
                Norfolk, VA              Norfolk, VA

     Land Description:   See Attached Appendix XIIA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix XIIB.

     Lessor's Cost:   $21,289,525.

     Square Feet:   339,904

                                       70

<PAGE>

XIII. Address:  Building                          Garage

                Bank of America Center Richmond   Shockoe Parking Garage
                1111 East Main Street             12th and Canal Street
                Richmond, VA                      Richmond, VA

     Land Description:   See Attached Appendix XIIIA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix XIIIB.

     Lessor's Cost:   $50,592,725.

     Square Feet:   540,765

                                       71

<PAGE>

XIV. Address:   Two Commercial Place
                Two Commercial Place
                Norfolk, VA

     Land Description:   See Attached Appendix XIVA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix XIVB.

     Lessor's Cost:   $19,692,844.

     Square Feet:   290,596

                                       72

<PAGE>

XV.  Address:   Villa Park
                8011 Villa Park
                Richmond, VA

     Land Description:   See Attached Appendix XVA.

     List of Personal Property Subject to Lease (if any):   See Attached
                                                            Appendix XVB.

     Lessor's Cost:   $68,095,628.

     Square Feet:   83,108

                                       73

<PAGE>

                                   SCHEDULE 4

                                    [TO COME]

                                       74

<PAGE>

                                       75

<PAGE>

                                                                    Appendix A
                                                                  (to Indenture)

                                   DEFINITIONS

         In each Operative Document, unless the context otherwise requires:

                   (a) any term defined below by reference to another instrument
         or document shall continue to have the meaning ascribed thereto whether
         or not such other instrument or document remains in effect;

                   (b) words importing the singular include the plural and vice
         versa;

                   (c) words importing a gender include any gender;

                   (d) a reference to a part, clause, party, section, article,
         exhibit or schedule is a reference to a part and clause of, and a
         party, section, article, exhibit and schedule to, such Operative
         Document;

                   (e) a reference to any statute, regulation, proclamation,
         ordinance or law includes all statutes, regulations, proclamations,
         ordinances or laws varying, amending, consolidating or replacing them,
         and a reference to a statute includes all regulations, proclamations
         and ordinances issued or otherwise applicable under that statute;

                   (f) a reference to a document includes an amendment or
         supplement to, or replacement or novation of, that document;

                   (g) a reference to a party to a document includes that
         party's successors and permitted assigns; and

                   (h) "hereof," "herewith," "hereunder," "hereby" and similar
         terms refer to the document in which they appear as a whole, unless the
         context or specific wording provides or requires otherwise.

         "Actual Knowledge" shall mean, (i) as it applies to the Lessor, the
Recourse Guarantor, the Pass Through Trustee or the Indenture Trustee, actual
knowledge of, including any written notices received by, an officer of the
Lessor, the Recourse Guarantor, the Pass Through Trustee or the Indenture
Trustee, as the case may be and (ii) as it applies to the Lessee or the Owner
Participant, actual knowledge of, including any written notices received by, the
President, any Vice President, the Treasurer or the Secretary or any other
officer thereof; provided that any party shall be deemed to have "actual
knowledge" of any matter as to which such Person has been given notice by any
party to any Operative Document in accordance with the terms thereof.

         "Addition" has the meaning specified in Section 9.2(b) of the Lease.

         "Additional Basic Rent" has the meaning specified in Section 3.1(b) of
the Lease.

<PAGE>

         "Additional Notes" has the meaning specified in Section 11.1(b) of the
Participation Agreement.

         "Address" shall mean:

                   (a) with respect to the Lessor, c/o U.S. Bank National
         Association, 225 Asylum Street, 23rd Floor, EX-CT-SS, Hartford,
         Connecticut 06103, Attention: Corporate Trust Department, with a copy
         to c/o U.S. Bank National Association, EX-MA-FED, One Federal Street,
         3rd Floor, Boston, Massachusetts 02110, Attention: Patrick E. Thebado;

                   (b) with respect to Lessee, Bank of America, N.A.,
         TransAmerica Building, 525 North Tryon, 3rd Floor, Charlotte, North
         Carolina 28255, Attention: Real Estate Services; and, with copies to
         Bank of America, N.A., 901 Main Street, 68th Floor, Dallas, Texas
         75202, Attention: Michael F. Hord;

                   (c) with respect to the Indenture Trustee and Pass Through
         Trustee, 299 South Main Street, Salt Lake City Utah 84111, Attention:
         Corporate Trust Department, Bank of America, N.A. 2003-A, with copies
         to M. John Ashton, Ray, Quinney & Nebeker, 79 South Main Street, Suite
         500, Salt Lake City, Utah 84111;

                   (d) with respect to the Owner Participant, First States
         Investors 3500, LLC, 1725 The Fairway, Jenkintown, Pennsylvania 19046;

                   (e) with respect to the Owner Trustee or the Co-Trustee, c/o
         Lessor at its Address;

                   (f) with respect to the Recourse Guarantor, c/o Owner
         Participant at its Address; and

                   (g) with respect to the Residual Value Insurer, 177 Broad
         Street, Ninth Floor, Stamford, Connecticut 06901.

         "Affiliate" of any Person shall mean any other Person directly or
indirectly controlling, controlled by or under common control with, such Person.
For purposes of this definition, the term "control" (including the correlative
meanings of the terms "controlling," "controlled by" and "under common control
with"), as used with respect to any Person, shall mean the possession, directly
or indirectly, of the power to direct or cause the direction of the management
policies of such Person, whether through the ownership of voting securities or
by contract or otherwise, provided (but without limiting the foregoing) that no
pledge of voting securities of any Person without the current right to exercise
voting rights with respect thereto shall by itself be deemed to constitute
control over such Person.

         "AFR Sublease" shall mean any sublease entered into pursuant to Section
6.1(f) of the Lease.

                                      -2-

<PAGE>

         "After-Tax Basis" shall mean, with respect to any payment received or
accrued by any Person, the amount sufficient to hold such Person and any
Affiliate thereof harmless from all Taxes actually required to be paid with
respect to the receipt or accrual of such payment and such amount, including
interest and penalties in connection therewith, and after taking into account
any deductions to which such Person and any Affiliate thereof is entitled as a
result of the payment of such Taxes or the event or circumstance giving rise to
such payment; provided that for purposes of this definition, it shall be assumed
that the Owner Participant is subject to United States federal income tax at the
highest marginal corporate income tax rate then in effect and to state and local
income taxes at the actual composite state and local income tax rate applicable
for the relevant tax year to the Owner Participant (as certified by the Owner
Participant).

         "Allocable Portion" of the Notes as of any date with respect to a
Property subject to the Lease shall mean a fraction of the principal amount of
the Notes, the numerator of which is the Lessor's Cost of such Property and the
denominator of which is the Assumed Lessor's Cost.

         "Alterations" shall mean, with respect to any Property, alterations,
improvements, modifications and additions to such Property.

         "Anniversary" shall mean June 10, 2004, June 10, 2009 or June 10, 2015,
which are, respectively, the seventh, twelfth and eighteenth anniversaries of
the Original Closing Date.

         "Applicable Laws and Regulations" or "Applicable Laws" shall mean all
existing and future applicable laws, rules, regulations, statutes, treaties,
codes, ordinances (including with respect to zoning), Governmental Actions,
permits, certificates, orders and licenses of and interpretations by any
Governmental Authorities, and applicable judgments, decrees, injunctions, writs,
orders or like action of any court, arbitrator or other administrative, judicial
or quasi-judicial tribunal or agency of competent jurisdiction (including those
pertaining to health, safety or the environment and those pertaining to the
construction, use or occupancy of the Properties) and any restrictive covenant
or deed restriction or easement of record affecting the Properties, including
without limitation Environmental Laws.

         "Appraisal" shall mean the appraisal delivered pursuant to Section
3.1(n) of the Participation Agreement.

         "Appraisal Procedure" shall mean the procedure described in this
definition for establishing the value, period, amount or other matter the
subject of an appraisal. If either of the two parties involved shall determine
that a value, period, amount or other matter to be determined under the Lease or
any other Operative Document cannot timely be established by agreement, such
party shall appoint an MAI appraiser and give written notice thereof to the
other party, which shall appoint an MAI appraiser within 10 days after receipt
of such notice. If such other party does not appoint an MAI appraiser within
such 10-day period, the determination of the first MAI appraiser made within 30
days after the failure to appoint a second MAI appraiser shall be conclusive and
binding on the two parties involved. If within 30 days after appointment of the
second of the two MAI appraisers, such MAI appraisers are unable to agree upon
the value, period, amount or other matter in question, they jointly shall
appoint a third appraiser within 10 days thereafter, or, if they do not do so,
either party may request the American

                                       -3-

<PAGE>

Arbitration Association, or any organization successor thereto, to appoint the
third appraiser from a panel of MAI appraisers with at least five years'
experience in the valuation of properties similar to the Property in the state
where the relevant Property is located, or if such MAI appraiser is a nationally
recognized appraisal firm, with at least five years experience appraising
properties similar to such Property in the general vicinity where the relevant
Property is located. The decision of the third MAI appraiser shall be given
within 30 days after his appointment. The value, period, amount or other matter
to be determined shall be the average of the two closest appraised values,
periods, amounts or determinations, as the case may be, and shall be conclusive
and binding on the parties, provided that if the highest appraisal and the
lowest appraisal are equidistant from the third appraisal, the third appraisal
shall be binding on the parties. Each MAI appraiser appointed as herein provided
shall be sworn fairly and impartially to perform its duties. Each party shall
pay the fees and expenses of the MAI appraiser selected by it and the
obligations to pay the fees and expenses of the third MAI appraiser incurred in
connection with any Appraisal Procedure shall be divided equally between the two
parties, provided, however, that the fees and expenses of all such MAI
appraisers incurred in connection with an Appraisal Procedure relating to an
exercise of remedies under the Lease shall be borne exclusively by the Lessee;
provided further however, that if any value or amount to be determined requires
establishing a discount rate, investment rate, yield rate or other financial
concept (a "Financial Rate"), such rate shall be determined by a financial
intermediary or investment banker knowledgeable in such investments. In each
case where a Financial Rate is required, the term appraiser used in this
definition used herein shall mean "appraiser and financial intermediary". The
appraiser shall determine the value, period, amount or other matter and the
financial intermediary shall determine the Financial Rate. The two
determinations shall be combined in the normal fashion for such investments to
determine the value, period, amount or determination.

         "Appraiser" means the Person preparing the Appraisal.

         "Approved Sublease" shall mean any sublease entered into by the Lessee
with respect to any Property or portion thereof if either (i) such sublease
satisfies the Non-Disturbance Criteria or (ii) the rent under the sublease, the
tenant improvement allowances thereunder and the other material economic and
non-economic terms of such sublease were approved in writing by the Lessor; it
being understood that it shall be in the Lessor's sole discretion as to whether
it shall approve the material terms of any sublease.

         "Assigned Subleases" shall have the meaning set forth in Section
16.2(b) of the Lease.

         "Assignments of Warranties" shall mean the Assignments of Warranties
dated as of June 4, 1997 by EBC Associates or Nations Bank Corporation in favor
of Lessor.

         "Assumed Lessor's Cost" shall, in connection with a Terminating Event,
mean the Lessor's Cost of all Properties which are subject to the Lease at the
moment immediately preceding such Terminating Event assuming the maximum amount
of Lessor's Cost of Properties had been terminated from the Lease pursuant to
Section 6.1 thereof.

         "Average Annual Rent Factor" shall mean 8.56077454%.

                                       -4-

<PAGE>

         "Bank Branch Lease" shall mean a lease substantially in the form of
Exhibit C to the Lease between the Lessee and Lessor or the Termination
Transferee, if applicable, and entered into pursuant to Section 6.1(c) of the
Lease.

         "Bank Branch Properties" shall mean the Properties located at 830
Central Avenue, St. Petersburg, FL, Nations Bank Center, 111 E. Main Street,
Richmond, VA, Viers Mill, Silver Springs, MD, One Commercial Place, Norfolk, VA,
Arlington Main, Arlington, VA, 100 S. Charles Street, Baltimore, MD and 730 15th
Street, Washington, D.C.

         "Bankruptcy Code" shall mean Title 11 of the United States Code,
entitled "Bankruptcy," as amended from time to time.

         "Basic Rent" shall mean, for the Basic Term, the rent payable pursuant
to Section 3.1 of the Lease and, for any Renewal Term, the rent payable pursuant
to Article V of the Lease.

         "Basic Term" with respect to a Property shall mean with respect to the
Lease (a) the period commencing on the Original Closing Date and ending on the
Basic Term Expiration Date or (b) such shorter period as may result from earlier
termination of the Lease with respect to such Property as provided in the Lease.

         "Basic Term Commencement Date" shall mean with respect to the Lease,
the Original Closing Date.

         "Basic Term Expiration Date" shall mean with respect to the Lease, June
10, 2022.

         "Beneficial Interest" shall have the meaning set forth in Section 7.4
of the Participation Agreement.

         "Beneficial Owner" means the owner of a Beneficial Interest.

         "Board of Directors", with respect to a corporation, means either the
Board of Directors or any duly authorized committee of that Board which pursuant
to the by-laws of such corporation has the same authority as that Board as to
the matter at issue.

         "Business Day" shall mean any day other than a Saturday, Sunday or
other day on which banks are required to be closed in New York, New York,
Charlotte, North Carolina, Salt Lake City, Utah or Chicago, Illinois.

         "Call Report" shall have the meaning set forth in Section 5.3(b) of the
Participation Agreement.

         "Carryover Property" shall have the meaning set forth in Section 6.1(b)
of the Lease.

         "Casualty" shall mean an event of damage or casualty relating to all or
part of a Property which does not constitute an Event of Loss of such Property.

                                       -5-

<PAGE>

         "Casualty Restoration Costs" shall mean the cost of rebuilding,
replacing, repairing and/or restoring the Improvements following the occurrence
of a Casualty or an Event of Loss.

         "Certificate" shall mean a Pass Through Certificate.

         "Certificate Owner" or "Certificate holder" shall mean a beneficial
owner of a Certificate.

         "Certificate Purchase Agreement" shall mean that certain Certificate
Purchase Agreement dated as of May 23, 2003 by and between the Pass Through
Trust and the Purchasers thereto.

         "Claims" shall mean liabilities, obligations, damages, losses, demands,
penalties, fines, claims, actions, suits, judgments, settlements, utility
charges, costs, expenses and disbursements (including, without limitation,
reasonable legal fees and expenses and costs of investigation) of any kind and
nature whatsoever, including without limitation any Environmental Claims.

         "Closing" shall mean the transactions that shall occur on the Closing
Date pursuant to the Operative Documents.

         "Closing Date" shall mean May 23, 2003.

         "Code" shall mean the Internal Revenue Code of 1986, as amended and in
effect on the Closing Date.

         "Common Areas" shall mean, with respect to any Property, the areas,
facilities and systems, including without limitation, risers, telephone and
electric closets, intended to be for the common use of the tenants of such
Property.

         "Competitor" shall mean any national banking association, state banking
corporation, savings and loan association, credit union, or any other financial
institution with a state or national banking charter receiving deposits or
making loans to the general public.

         "Condemnation" shall mean any condemnation, requisition or other taking
or sale of the use, occupancy or title to one or more Properties or any part
thereof in, by or on account of any actual or threatened eminent domain
proceeding or other action by any Governmental Authority or other Person under
the power of eminent domain or any transfer in lieu of or in anticipation
thereof, which in any case does not constitute an Event of Taking. A
Condemnation shall be deemed to have "occurred" on the earliest of the dates
that use, occupancy or title is taken.

         "Cost Excess" shall have the meaning set forth in Section 6.1(b) of the
Lease.

         "Co-Trustee" shall mean Patrick E. Thebado, whose business address is
c/o U.S. Bank National Association, at its Address, not individually, but solely
as co-trustee, appointed by the Owner Trustee pursuant to Section 9.2 of the
Trust Agreement to serve as trustee of the Properties in each of the Co-Trustee
States solely for the purpose of acquiring, holding,

                                       -6-

<PAGE>

transferring, mortgaging and otherwise granting security interests with respect
thereto and owning such Properties to the extent of the rights, powers, duties
and obligations conferred on the Co-Trustee pursuant to the Trust Agreement and
all successor co-trustees as may be appointed in accordance with Section 9.2 of
the Trust Agreement.

         "Co-Trustee States" shall mean Virginia, North Carolina, South
Carolina, Georgia and Florida.

         "CPI" shall mean the United States Department of Labor, Bureau of Labor
Statistics, Consumer Price Index, All Urban Consumers-South. The CPI for any
year shall be that published in December for that year.

         "Debt Documents" shall mean each of the Security Documents, the Pass
Through Trust Agreement and the Pass Through Certificates.

         "Debt Parties" shall mean each of the Certificate holders, the
Indenture Trustee, the Pass Through Trustee, the Estate and the Deed of Trust
State Trustees.

         "Deed of Trust State Trustee" shall have the meaning given such term in
the Indenture and shall also include the Trustee under the Maryland Security
Documents.

         "Default" means any event, condition or failure which, with notice or
lapse of time or both, would become an Event of Default.

         "Demising Work" shall mean the construction by Lessee, as a result of
the creation of Surrendered Premises, of (i) all walls and other work required
to demise, separate and secure the Leased Premises from any portion of the
Improvements that is not included within the Leased Premises, (ii) all work, if
and to the extent required as a result of such demise for (a) the creation of
multi-tenant access to Common Areas, facilities and systems necessary for the
use of the Surrendered Premises, including, without limitation, multi-tenant
access to the mechanical, electrical, plumbing and other utility facilities and
systems serving the Surrendered Premises or (b) at Lessee's sole opinion, in
lieu of creating multi-tenant access to existing Common Areas, facilities or
systems, Lessee may construct replacements for Common Areas, facilities or
systems necessary for the use of the Surrendered Premises and (iii) to provide
proper and lawful means of ingress and egress to the Surrendered Premises.
Notwithstanding the foregoing, Lessee will not be obligated to (i) make any
alterations or improvements to demise the Leased Premises on floors of any
Improvements that are and shall continue to be leased by Lessee as full floors,
(ii) make any alterations or improvements to floors that do not contain any
Leased Premises or (iii) bring the Projects into compliance with building codes
or other Applicable Laws, except to the extent required by Governmental
Authority as being necessary to perform the Demising Work. All Demising Work
shall be performed in conformity with the requirements of Section 6.5 of the
Lease.

         "Disposition" shall have the meaning set forth in Section 8.2(b)(iii)
of the Participation Agreement.

                                       -7-

<PAGE>

         "Duff & Phelps"  shall mean Duff & Phelps  Credit Rating Co., and any
successor  that issues  nationally  accepted  securities ratings.

         "Environmental Claim" shall mean any investigation, notice, demand,
allegation, action, suit, injunction, judgment, order, consent decree, penalty,
fine, lien (or other restriction on transferability of the Properties),
proceeding, or claim (whether administrative, judicial, or private in nature)
arising (a) pursuant to or in connection with any Release or actual or alleged
violation of any Environmental Law, or (b) in connection with any Hazardous
Material, from any abatement, removal, remedial, corrective, or other response
action in connection with a Hazardous Material or arising under any
Environmental Law, or any actual or alleged damage, injury, threat, or harm to
health, safety, natural resources, or the environment.

         "Environmental Damages" shall mean any and all losses, liabilities,
judgments, decrees, fines, penalties, damages, obligations, expenses, amounts
paid in settlement and investigation and costs and charges of any kind,
including but not limited to, attorney's and investigation fees, relating in any
way whatsoever to, or arising, either directly or indirectly, from (a) any
Release or threat of Release of any Hazardous Material or the presence of any
Hazardous Materials in the soil or groundwater at the Properties, regardless of
when or how discovered; (b) the violation of any Environmental Law at the
Properties; or (c) any Environmental Claim in connection with the Properties,
unless such Release or threat of Release, violation of Environmental Law, or
Environmental Claim arises from a Hazardous Material present solely as a result
of the gross negligence or willful misconduct of the Lessor.

         "Environmental Law" shall mean (a) any federal, state or local law or
regulation in force prior to and during the Lease Term or any FMV Lease Term (or
in force after the Lease or the relevant FMV Lease is in effect but applicable
to the Lessee's conduct during the Lease Term or the related FMV Lease Term)
relating to the handling, use, control, management, treatment, storage,
disposal, Release or threat of Release of any Hazardous Material, including
without limitation, the federal Comprehensive Environmental Response,
Compensation, and Liability Act ("CERCLA"), 42 U.S.C. ss.ss. 9601 et seq., the
federal Resource Conservation and Recovery Act ("RCRA"), 42 U.S.C. ss.ss. 6901
et seq., the federal Water Pollution Control Act ("CWA"), 33 U.S.C. ss.ss. 1251
et seq., the federal Clean Air Act ("CAA"), 42 U.S.C. ss.ss. 7401 et seq., the
Toxic Substances Control Act ("TSCA"), 7 U.S.C. ss.ss. 136 et seq., the Safe
Drinking Water Act ("SDWA"), 42 U.S.C. ss.ss. 300f et seq., the Occupation
Safety and Health Act of 1970 (the "OSH Act"), 29 U.S.C. ss.ss. 651 et seq., all
regulations promulgated thereunder and any similar state or local laws, rules or
regulations, and (b) any and all requirements arising under applicable present
and future federal, state or local laws, statutes, common law, rules,
ordinances, codes, orders, licenses, permits, approvals, plans, authorizations,
concessions, or the like, and all applicable judicial, administrative, and
regulatory decrees, judgments, and orders in force prior to and during the Lean
Term or any FMV Lease Term (or in force after the Lease or the relevant FMV
Lease is in effect but applicable to the Lessee's conduct during the Lease Term
or the related FMV Lease Term) relating to the protection of human health or the
environment, including without limitation: (i) any and all requirements
pertaining to reporting, licensing, authorizing, approving, permitting,
investigating, and remediating emissions, discharges, releases, or threat of
releases of any Hazardous Material into the indoor or outdoor air, surface
water, groundwater, or land, or otherwise into the environment, or relating to
the manufacture, operation, processing,

                                       -8-

<PAGE>

distribution, use, treatment, storage, disposal, transport, handling or
management of any Hazardous Material; and (ii) any and all requirements
pertaining to the protection of the health and safety of employees or the public
and/or the environment.

         "Environmental Permits" means any and all permits, licenses,
authorizations, certificates and approvals of any Governmental Authority
relating to or required by any Environmental Laws.

         "ERISA" shall mean the Employee Retirement Income Security Act of 1974,
as amended and as the same may be further amended, or any comparable successor
federal statute.

         "Estate" shall have the meaning stated in Section 1.01 of the
Indenture.

         "Event of Default" shall mean an Indenture Event of Default as
specified in Section 7.01 of the Indenture.

         "Event of Loss" shall mean the actual or constructive loss of all or
substantially all of one or more Improvements or damage thereto which causes
such Improvements to be irreparably damaged or uneconomical to repair in the
opinion of a Responsible Officer of the Lessee.

         "Event of Taking" shall mean, with respect to any Property, (i) title
to such Property shall have been taken by any Governmental Authority, (ii) use
of such Property shall have been taken by any Governmental Authority, and such
taking shall continue for a period in excess of the lesser of one year and the
remaining Lease Term and (iii) occupancy or use of such Property shall have been
prohibited for a continuous period in excess of the lesser of one year and the
remaining Lease Term, as a result of any rule, regulation, order, or other
action of any Governmental Authority.

         "Excepted Payments" shall mean and include payments with respect to (i)
any indemnity (whether or not Rent) which is payable directly to the Lessor, the
Trust Company, the Co-Trustee, the Owner Participant or any of their Affiliates,
including, without limitation, amounts payable under Article VIII of the
Participation Agreement or the Tax Indemnification Agreement, (ii) any amounts
of Supplemental Rent payable to the Lessor, the Owner Participant or any of
their Affiliates pursuant to Section 3.4 of the Lease, with respect to any late
payment of any amount which is otherwise an Excepted Payment, (iii)(A) insurance
proceeds, if any, payable to the Lessor or the Owner Participant under insurance
maintained pursuant to the last sentence of Section 11.1 of the Lease by the
Lessor or the Owner Participant with respect to the Properties, or (B) proceeds
of public liability or property damage insurance maintained under Sections
11.1(c) or 11.1(d) of the Lease for the benefit of the Lessor or the Owner
Participant or payments with respect to self insurance or policy deductibles in
lieu thereof, (iv) payments owed to Lessor under Section 9.2(d) of the Lease,
(v) any amount payable to the Lessor or the Owner Participant, as the case may
be, by any transferee permitted under Article VII of the Participation Agreement
as the purchase price of any property being transferred in accordance with the
terms thereof, (vi) any amount payable to the Owner Participant or the Owner
Trustee in connection with an equity financing of any Alterations in accordance
with Section 11.1(a) of the Participation Agreement and (vii) all rent and other
amounts payable under any FMV Lease.

                                       -9-

<PAGE>

         "Excepted Rights" shall mean (a) all rights with respect to Excepted
Payments of the Person entitled thereto; (b) all rights and privileges expressly
reserved to the Owner Trustee and the Owner Participant exclusively or jointly
with the Indenture Trustee pursuant to Sections 18.01-18.05 of the Indenture for
the periods specified in the Indenture; (c) as and to the extent provided for in
the Operative Documents, the right of the Owner Trustee or the Owner
Participant, but not to the exclusion of the Indenture Trustee, the Pass Through
Trustee or any other Person, (i) to receive information which the Lessee is
required to give or furnish to the Owner Trustee or the Owner Participant
pursuant to any Operative Document and (ii) to inspect the Properties and all
records relating thereto; (d) the right of the Owner Trustee, subject to Article
4 of the Lease, to adjust Basic Rent and Stipulated Loss Value as provided in
Article 4 of the Lease; (e) all rights of the Owner Trustee (in its individual
capacity) or the Owner Participant under Article VIII of the Participation
Agreement and the right to demand, collect, sue for otherwise obtain all
payments of an indemnity under the Tax Indemnification Agreement or under
Article VIII of the Participation Agreement; (f) so long as no Event of Default
shall have occurred and be continuing, as and to the extent provided for in the
Operative Documents, all rights of the Owner Trustee or the Owner Participant,
together with the Indenture Trustee, to enter into, execute and deliver
amendments, modifications, waivers or consents in respect of any provision of
the Lease; (g) all rights of the Owner Trustee or the Owner Participant,
respectively, on account of any Excepted Payments; provided that the Owner
Trustee and the Owner Participant shall not have any remedy or right with
respect to such failure to pay by the Lessee except independent suit against the
Lessee for payment only; and provided, further, such failure to pay shall not
preclude the Indenture Trustee from declaring the Lease to be in default
pursuant to Article 19 thereof or to exercise remedies subsequent thereto, in
each case in connection with any other Event of Default not related to any
Excepted Payment or Excepted Right; (h) so long as no Event of Default shall
have occurred and be continuing, the Owner Trustee shall have the right, but not
to the exclusion of the Indenture Trustee, except as specifically provided for
herein or in the Indenture to exercise the rights, elections and options of the
Owner Trustee under (but not the right to receive any payment by the Lessee
pursuant to) (i) Articles 6 and 14 of the Lease relating to early termination of
the Lease and (ii) the giving of notice to the Lessee of nonpayment of Rent, any
failure to perform any covenant or observe any terms of any Operative Document
or any misrepresentation pursuant to Article 18 of the Lease; (i) so long as no
Event of Default shall have occurred and be continuing, the Owner Trustee shall
have the right, to the exclusion of the Indenture Trustee, to exercise the
rights, elections and options of the Owner Trustee under (but not the right to
receive any payment by the Lessee pursuant to) (i) Article 5 of the Lease
relating to any renewal of the Lease Term by the Lessee, (ii) Article 12 of the
Lease relating to the return of the Properties (other than the surrender of a
Property in connection with a Lease Event of Default), and (iii) subject to the
Indenture, Articles 6 and 14 of the Lease and Section 9.3 of the Participation
Agreement relating to the making and evaluation of bids relating to the
Properties and the right of the Owner Trustee to retain such Properties and to
prepay the Allocable Portion of the Notes in connection therewith; (j) the right
of the Owner Trustee, but not to the exclusion of the Indenture Trustee or the
Pass Through Trustee, to seek specific performance of the covenants of the
Lessee under the Lease relating to the use, protection, insurance and
maintenance of the Properties (but excluding any right to declare the Lease to
be in default and to enforce any remedies under Article 19 thereof) and to
maintain separate insurance with respect to the Properties pursuant to Article
11 of the Lease; (k) so long as no Event of Default shall have occurred and be
continuing, the Owner Trustee shall have, to the exclusion of

                                      -10-

<PAGE>

the Indenture Trustee, the right to determine whether the Non-Disturbance
Criteria have been satisfied and/or waive portions thereof in connection with
any Senior Sublease requested pursuant to Section 16.1 of the Lease, and (l) all
rights in, to and under any FMV Lease.

         "Excess Amounts" shall have the meaning set forth in Section 6.22 of
the Participation Agreement.

         "Existing Subleases" shall mean the leases listed on Exhibit A to the
Participation Agreement.

         "Fair Market Rental Value" with respect to the Properties (or a portion
thereof) shall mean the fair market rental value that would be obtained in an
arm's-length transaction for cash between an informed and willing lessee (other
than a lessee in possession) and an informed and willing lessor, neither of whom
(i) is under any compulsion to lease such Properties or (ii) is an Affiliate of
the Lessor, the Owner Participant or the Lessee. Such fair market rental value
shall be calculated assuming that (a) such Properties are in the condition and
state of repair required under the Lease and (b) the Lessee is in compliance
with the requirements of the Operative Documents to which it is a party;
provided, however, that such assumptions shall not be made in connection with
any determination of Fair Market Rental Value under Article 19 of the Lease. If
the applicable parties are unable to agree upon Fair Market Rental Value, it
shall be determined by the Appraisal Procedure.

         "Fair Market Sales Value" with respect to the Properties (or a portion
thereof) shall mean the fair market sales value that would be obtained in an
arm's-length transaction between an informed and willing buyer (other than a
buyer in possession) and an informed and willing seller, neither of whom (i) is
under any compulsion to buy or sell or (ii) is an Affiliate of the Lessor, the
Owner Participant or the Lessee. The fair market sales value shall be determined
on the assumptions that: (a) such Properties are in at least the condition and
state of repair required under the Lease or the relevant FMV Leases; (b) Lessee
is in compliance with the requirements of the Operative Documents to which it is
a party and (c) for purposes of Section 9.3 of the Participation Agreement only,
such Properties are subject to the Lease or the FMV Leases; provided, however,
that assumptions (a) and (b) shall not be made in connection with any
determination of Fair Market Sales Value under Article 19 of the Lease or the
FMV Leases. If the applicable parties are unable to agree upon Fair Market Sales
Value, it shall be determined by the Appraisal Procedure.

         "Fair Market Value Renewal Term" shall have the meaning given such term
in Section 5.1 of the Lease or the FMV Leases, as applicable.

         "Federal Funds Rate" shall mean, for any day, the rate set forth in the
weekly statistical release designated as H.15(519), or any successor
publication, published by the Board of Governors of the Federal Reserve System
(including any such successor, "H.15(519)") for that day opposite the caption
"Federal Funds (Effective)". If on any relevant day such rate is not yet
published in H.15(519), the rate for that day will be the rate set forth in the
daily statistical release designated as the Composite 3:30 P.M. Quotations for
U.S. Government Securities, or any successor publication, published by the
Federal Reserve Bank of New York (including any

                                      -11-

<PAGE>

such successor, the "Composite 3:30 P.M. Quotations") for that day under the
caption "Federal Funds Effective Rate". If on any relevant day the appropriate
rate for such day is not yet published in either H.15(519) or the Composite 3:30
P.M. Quotations, the rate for such day will be the arithmetic mean of the rates
for the last transaction in overnight Federal funds arranged prior to 9:00 am.,
New York time, on that day by each of three leading broken of Federal funds
transactions in New York City, selected by the Lessee.

         "Filing" shall have the meaning set forth in Section 8.2(f) of the
Participation Agreement.

         "Final Payment Date" shall have the meaning set forth in Section
19.1(e) of the Lease.

         "Fixed Rate Renewal Rent" shall mean the amount which is the lesser of
(i) the product of the Average Annual Rent Factor times the aggregate Lessor's
Cost of all Properties to be made subject to a Fixed Rate Renewal Term and (ii)
the Fair Market Rental Value for such Properties under the terms of the Lease.

         "Fixed Rate Renewal Term" shall have the meaning given such term in
Section 5.1 of the Lease.

         "FMV Lease" shall mean a lease substantially in the form of Exhibit A
to the Lease.

         "FMV Lease Term" as to a Property shall mean the term of an FMV Lease
with respect to such Property.

         "FMV Properties" shall have the meaning specified in Section 3.1(c) of
the Lease.

         "Four Year Properties" shall have the meaning set forth in Section 5.1
of the Lease.

         "GAAP" shall mean generally accepted accounting principles in the
United States as in effect from time to time consistently applied.

         "Governmental Action" shall mean all permits, authorizations,
registrations, consents, approvals, waivers, exceptions, variances, orders,
judgments, decrees, licenses, exemptions, publications, filings, notices to and
declarations of or with, or required by, any Governmental Authority, or required
by any Applicable Laws and Regulations, and shall include, without limitation,
all citings, environmental and operating permits and licenses that are required
for the use, occupancy, zoning and operation of the Properties.

         "Governmental Authority" shall mean any federal, state, county,
municipal or other governmental or regulatory authority, agency, board, body,
commission, instrumentality, court or quasi-governmental authority.

         "Guarantor Merger" shall have the meaning set forth in Section 6.29 of
the Participation Agreement.

                                      -12-

<PAGE>

         "Guarantor Transfer" shall have the meaning set forth in Section 6.29
of the Participation Agreement.

         "Hazardous Material" shall mean any substance or material: (a) the
presence of which requires investigation or remediation under any Environmental
Law; (b) which is or becomes regulated prior to and during the Lease Term (or in
force after the Lease is in effect but applicable to the Lessee's conduct during
the Lease Term) by any Governmental Authority, including without limitation, any
substance or waste material which is defined or listed as a "hazardous waste,"
"extremely hazardous waste," "restricted hazardous waste," "industrial waste,"
"hazardous substance," "solid waste," "hazardous material," "pollutant" or
"contaminant" under any Environmental Law; (c) which contains gasoline, diesel
fuel or other petroleum hydrocarbons or a petroleum derivative; (d) which
contains polychlorinated biphenyls ("PCBs"), asbestos or urea formaldehyde; or
(e) which is explosive, corrosive, flammable, infectious, radioactive, toxic,
carcinogenic, mutagenic or otherwise hazardous.

         "Holders" shall have the meaning set forth in Section 1.01 of the
Indenture.

         "Improved Properties" shall have the meaning given such term in Section
9.2(b) of the Lease.

         "Improvement" shall mean each of, and "Improvements" shall mean all of
the buildings and related improvements, and fixtures attached to or located on
the Land and listed on Schedule 3 to the Lease, and all substitutions and
replacements thereof and all personal property listed on Schedule 3 to the
Lease, but excluding all personal property (other than the personal property
listed on Schedule 3 to the Lease, and including all substitutions and
replacements thereof, which shall be deemed part of the Improvements) and trade
fixtures (together such excluded personal property and trade fixtures are
referred to as, "Lessee's Business Equipment").

         "Improvements Cost" for a Property means the amount specified in
Schedule 3 to the Lease.

         "Indemnitee" shall mean the Lessor (in its individual capacity and as
trustee), the Owner Participant, the Pass Through Trustee (in its individual
capacity and as trustee), the Indenture Trustee (in its individual capacity and
as trustee), the Co-Trustee (in his individual capacity and as trustee), each of
the Deed of Trust State Trustees (in his individual capacity and as trustee),
the Certificateholders, any additional, separate or co-trustee appointed in
accordance with the terms of the Indenture or the Trust Agreement, the Pass
Through Trust, the Trust Estate and the Estate and the respective successors,
assigns, servants, employees, officers, directors, shareholders, Affiliates,
partners and agents of any thereof.

         "Indemnitee Group" with respect to an Indemnitee shall mean any
Affiliate, agent, director, successor, transferee, predecessor, servant,
shareholder, partner, member, agent, officer and employee of such Indemnitee and
(i) in the case of any Holder of a Note shall also include the Indenture Trustee
(to the extent that the Indenture Trustee is acting in accordance with the
direction of such Holder) and its Indemnitee Group, (ii) in the case of any
holder of a Pass Through Certificate shall also include the Indenture Trustee
and the Pass Through Trustee (to the

                                      -13-

<PAGE>

extent the Pass Through Trustee or the Indenture Trustee, respectively, is
acting in accordance with the direction of such holder), and its Indemnitee
Group and (iii) in the case of the Owner Participant shall also include the
Lessor (to the extent the Lessor is acting in accordance with the express
instructions of the Owner Participant).

         "Indenture" or "Trust Indenture" shall mean the Indenture, Mortgage,
Deed of Trust, Deed to Secure Debt, Assignment of Leases and Rents, Security
Agreement and Financing Statement (2003-A) dated as of May 23, 2003 among the
Lessor, the Deed of Trust State Trustees named therein and the Indenture
Trustee; provided that for all purposes of the Lease, the Participation
Agreement, the Subordination and Nondisturbance Agreements and any Partial
Occupancy Lease, FMV Lease, AFR Sublease and Bank Branch Lease, this defined
term shall only refer to such document as originally executed and as amended
with the written consent of Lessee.

         "Indenture Trustee" shall mean Wells Fargo Bank Northwest, National
Association, a national banking association, as indenture trustee under the
Indenture, and each successor indenture trustee and co-indenture trustee
thereunder.

         "Indenture Trustee's Liens" shall mean Liens against the Estate that
result from acts of, or any failure to act by, or as a result of Claims against,
the Indenture Trustee, in its individual and/or fiduciary capacity, unrelated to
the transactions contemplated by the Operative Documents or that result from a
violation or are in breach of any covenant or agreement of the Indenture
Trustee, in its individual and/or fiduciary capacity, set forth in any of the
Operative Documents, unless such action or failure to act is consented to by the
Lessee or is a result of the occurrence or continuance of an Event of Default.

         "Indenture Trustee's Office" shall mean the office of the Indenture
Trustee located at MAC: U1228-120, 229 South Main Street, Salt Lake City, Utah
84111, Attention: Corporate Trust Department, AFR Lease-Backed CTL, Series
2003-A or such other office as may be designated by the Indenture Trustee to the
Lessor, the Lessee and each holder of a Property.

         "Inspecting Parties" shall have the meaning specified in Section 17.1
of the Lease or the FMV Leases, as applicable.

         "Institutional Investor" shall mean a corporate finance company, a
securities company, a bank, trust company or savings and loan association, an
insurance company, a collective investment fund, a mutual fund, an investment
company, an endowment, a foundation, an educational institution or a real estate
investment trust or any other Person, in each case organized under the laws of
the United States or any state or political subdivision thereof which is
generally recognized in the financing or real estate field as an institutional
investor and which owns real property which is net leased to major United States
corporations, but only if such entity is directly or indirectly wholly owned by
an entity whose consolidated total assets (not including the Properties or the
Operative Documents) is in excess of $300,000,000.

         "Insurance Proceeds" has the meaning specified in Section 14.1 of the
Lease.

                                      -14-

<PAGE>

         "Interest Payment Date" shall mean each January 10 commencing January
10, 2004.

         "Interest Rate" shall mean the rate of interest specified in the Notes
(other than the Overdue Rate).

         "Land" shall mean the land described in Schedule 3 to the Lease and all
easements and rights appurtenant thereto.

         "Lease" shall mean the Amended and Restated Lease Agreement dated as of
May 23, 2003 between the Lessor and the Lessee.

         "Lease C" shall have the meaning set forth in recitals to the Lease.

         "Lease D" shall have the meaning set forth in recitals to the Lease.

         "Lease Default" shall mean any event, condition or failure which, with
notice or lapse of time or both, would become a Lease Event of Default.

         "Lease  Event of Default"  shall mean any event or  condition
designated  as a "Lease  Event of Default" in Article 18 of the Lease.

         "Lease Term" with respect to a Property shall mean (a) the full term of
the Lease, including the Basic Term and any Renewal Terms as to which the Lessee
exercises a renewal option pursuant to Section 5.1 of the Lease or (b) such
shorter period as may result from earlier termination of the Lease with respect
to such Property as provided in the Lease.

         "Leased Premises" shall mean, with respect to any Property, the portion
of such Property which is leased to the Lessee pursuant to the Lease.

         "Lender Tax Indemnitee" shall have the meaning given such term in
Section 8.2(b)(vi) of the Participation Agreement.

         "Lessee" shall mean Bank of America, N.A., its permitted successors
and assigns.

         "Lessee's Actual Knowledge" shall mean the actual knowledge of
Robert M. Patterson, Michael F. Hord or Chuck Dunn.

         "Lessee-Controlled Contest" shall have the meaning set forth in Section
8.2(e) of the Participation Agreement.

         "Lessor" shall mean the Owner Trustee with respect to the Properties
not in the Co-Trustee States and the Co-Trustee with respect to the Properties
in the Co-Trustee States solely for the purpose of acquiring, holding,
transferring, mortgaging and otherwise granting security interests with respect
thereto and owning such Properties to the extent of the rights, power, duties
and obligations conferred on the Co-Trustee pursuant to the Trust Agreement.

                                      -15-

<PAGE>

         "Lessor Liens" shall mean Liens on or against the Properties, the
Estate, the Operative Documents, or any payment of Rent arising as a result of
(i) Claims against or affecting the Lessor, the Trust Company, the Owner
Participant or the Recourse Guarantor or any Affiliate of any of them in each
case not related to the transactions contemplated by the Operative Documents;
(ii) any act or omission of the Lessor, the Trust Company, the Owner Participant
or the Recourse Guarantor or any Affiliate of any of them that is not related to
the transactions contemplated by the Operative Documents or that is in breach of
any covenant or agreement of the Lessor, the Trust Company, the Owner
Participant or the Recourse Guarantor set forth in any of the Operative
Documents, (iii) Taxes imposed upon the Lessor, the Trust Company, the Owner
Participant or the Recourse Guarantor or any Affiliate of any of them that are
not required to be indemnified against by the Lessee pursuant to the
Participation Agreement and which are not the obligations of any other party to
the Operative Documents and (iv) Remainderman Liens.

         "Lessor's Cost" as to a Property shall be the amount so designated on
Schedule 3 to the Lease, as modified (if applicable) pursuant to Section 6.1(g)
of the Lease.

         "Lien" shall mean any lien, mortgage, deed of trust, security title,
encumbrance, pledge, charge, lease, easement, servitude, right of others or
security interest of any kind, including any thereof arising under any
conditional sale or other title retention agreement.

         "Loss" shall have the meaning specified in the Tax Indemnification
Agreement.

         "MAI" shall mean a certified member of the American Institute of Real
Estate Appraisers or successor organization, who shall have at least five years'
experience in appraising commercial properties in the area in which the Property
to be appraised is located.

         "Majority in Interest of Note Holders" shall have the meaning specified
in Section 1.01 of the Indenture for the term "Majority in Interest of Secured
Note Holders".

         "Maryland Short Form Agreement" shall mean the Short Form Agreement to
be filed in Maryland relating to the Properties located there.

         "Maryland Security Documents" shall have the meaning specified in
Section 1.01 of the Indenture; provided that for all purposes of the Lease, the
Participation Agreement, the Subordination and Nondisturbance Agreements and any
Partial Occupancy Lease, FMV Lease, AFR Sublease and Bank Branch Lease, this
defined term shall only refer to such document as originally executed and as
amended with the written consent of Lessee.

         "Maximum Loan to Collateral Value Ratio" shall mean, for any period
specified below, the ratio set forth below opposite such period:

                                      -16-

<PAGE>

                                 PERIOD                       RATIO

From the date hereof through January 31, 2005                 0.75 to 1
From February 1, 2005 through January 31, 2009                0.65 to 1

and thereafter                                                0.45 to 1

         "Maximum Term" has the meaning specified in Section 5.1 of the Lease.

         "Moody's" shall mean Moody's Investors Service, Inc., and any successor
that issues nationally accepted securities ratings.

         "NAIC" shall mean the National Association of Insurance Commissioners.

         "Net Casualty Proceeds" shall mean the compensation and/or insurance
payments net of the expenses of collecting such amounts received by the
Indenture Trustee, the Lessor or the Lessee in connection with an Event of Loss
or a Casualty.

         "Net Condemnation Proceeds" shall mean any award or compensation net of
the expenses of collecting such amounts received by the Owner Participant, the
Indenture Trustee, the Lessor or the Lessee in connection with an Event of
Taking or a Condemnation.

         "Net Proceeds" shall mean Net Casualty Proceeds and Net Condemnation
Proceeds.

          "Non-Consolidation Opinion" shall have the meaning set forth in
Section 3.1(j) of the Participation Agreement.

         "Non-Disturbance Criteria" shall have the meaning given such term in
Section 16.1 of the Lease or the FMV Leases, as applicable.

         "Nonseverable" shall describe an Alteration or part of an Alteration
which cannot be readily removed from a Property without causing material damage
to such Property.

         "Note" shall have the meaning given such term in Section 1.01 of the
Indenture; provided that for all purposes of the Lease, the Participation
Agreement, the Subordination and Nondisturbance Agreements and any Partial
Occupancy Lease, FMV Lease, AFR Sublease and Bank Branch Lease, this defined
term shall only refer to such document as originally executed and as amended
with the written consent of Lessee.

         "Notice of Termination" shall have the meaning specified in Article 6
of the Lease or the Partial Occupancy Leases, as applicable.

         "OCC" shall have the meaning set forth in Section 5.3(b) of the
Participation Agreement.

         "Offered Asset" shall have the meaning set forth in Section 9.1 of the
Participation Agreement.

                                      -17-

<PAGE>

         "Offeree" shall have the meaning set forth in Section 9.1 of the
Participation Agreement.

         "Offeror" shall have the meaning set forth in Section 9.1 of the
Participation Agreement.

         "Officer's Certificate" of a Person means a certificate signed by a
Responsible Officer of such Person or, if such Person is an individual, signed
by such individual.

         "One Year Properties" shall have the meaning set forth in Section 5.1
of the Lease.

         "Operative Documents" shall mean the Lease, the Participation
Agreement, the Short Form Agreement, the Notes, the Pass Through Certificates,
the Indenture, the Maryland Security Documents, the Pass Through Trust
Agreement, the Tax Indemnification Agreement, the Maryland Short Form Agreement,
the Assignments of Warranties, the Trust Agreement, the Residual Value Insurance
policy and the Recourse Guaranty.

         "Original Closing Date" shall mean June 10, 1997.

         "Original Leases" shall mean Lease C and Lease D.

         "Outstanding" when used with respect to the Notes, means as of the date
of determination, all Notes theretofore issued and delivered under the
Indenture, except:

                   (i) Notes theretofore canceled by the Indenture Trustee or
delivered to the Indenture Trustee for cancellation;

                  (ii) Notes or portions thereof for whose payment or redemption
         money in the necessary amount is on deposit with the Indenture Trustee,
         provided that such Notes are to be redeemed and notice of such
         redemption has been duly given and not revoked or otherwise withdrawn
         pursuant to the Indenture; and

                 (iii) Notes paid in full, or in exchange for which, or in lieu
         of which, other Notes have been authenticated and delivered pursuant to
         the Indenture.

         "Overall Transaction" means all the transactions and activities
referred to in or contemplated by the Operative Documents.

         "Overdue Rate" shall mean the lesser of (a) the highest interest rate
permitted by Applicable Law and (b) an interest rate per annum (calculated on
the basis of a 360-day year and twelve 30-day months) equal to the Interest Rate
plus 2%.

         "Owner Participant" shall mean First States Investors 3500, LLC, a
Delaware limited liability company.

         "Owner Trustee" shall mean U.S. Bank National Association, a national
banking association, not in its individual capacity, except as expressly stated
in the Operative Documents, but solely as Owner Trustee under the Trust
Agreement, as successor to State Street Bank and

                                      -18-

<PAGE>

Trust Company of Connecticut, National Association, and the Co-Trustee,
appointed by the Owner Trustee pursuant to Section 9.2 of the Trust Agreement to
serve as trustee of the Lessor Properties in each of the Co-Trustee States
solely for the purpose of acquiring, holding, transferring, mortgaging and
otherwise granting security interests with respect thereto and owning such
Properties to the extent of the rights, powers, duties and obligations conferred
on the Co-Trustee pursuant to the Trust Agreement and any successor Owner
Trustee appointed pursuant to Section 9.1 of the Trust Agreement.

         "Partial Occupancy Lease" means any lease entered into pursuant to
Section 6.1(d)(ii) of the Lease.

         "Participants" shall mean the Owner Participant, the Holders, the
Purchasers and the Pass Through Trustee.

         "Participation Agreement" shall mean the Participation Agreement
(2003-A) dated as of May 23, 2003 among the Lessor, the Lessee, the Indenture
Trustee, the Pass Through Trustee, the Owner Participant and the Recourse
Guarantor.

         "Pass Through Certificate" shall mean any Pass Through Certificate
issued pursuant to the Pass Through Trust Agreement; provided that for all
purposes of the Lease, the Participation Agreement, the Subordination and
Nondisturbance Agreements and any Partial Occupancy Lease, FMV Lease, AFR
Sublease and Bank Branch Lease, this defined term shall only refer to such
document as originally executed and as amended with the written consent of
Lessee.

         "Pass Through Trust" shall mean the Pass Through Trust created pursuant
to the Pass Through Trust Agreement.

         "Pass Through Trust Agreement" shall mean the Pass Through Trust
Agreement dated as of May 23, 2003 between the Lessor and the Pass Through
Trustee; provided that for all purposes of the Lease, the Participation
Agreement, the Subordination and Nondisturbance Agreements and any Partial
Occupancy Lease, FMV Lease, AFR Sublease and Bank Branch Lease, this defined
term shall only refer to such document as originally executed and as amended
with the written consent of Lessee.

         "Pass Through Trustee" shall mean Wells Fargo Bank Northwest, National
Association, a national banking association, in its capacity as trustee under
the Pass Through Trust Agreement, and such other person that may from time to
time be acting as successor trustee under any such Pass Through Trust Agreement.

         "Permitted Investments" shall mean (i) obligations of the United States
of America, or fully guaranteed as to interest and principal by the United
States of America, maturing in not more than six months from the date such
investment is made, (ii) certificates of deposit having a final maturity of not
more than 30 days after the date of issuance thereof of any commercial bank
incorporated under the laws of the United States of America or any state thereof
or the District of Columbia which bank is a member of the Federal Reserve System
and has a combined capital and surplus of not less than $300,000,000 and with a
senior unsecured debt credit rating of at

                                      -19-

<PAGE>

least Aaa by Moody's and AAA by Duff & Phelps, (iii) commercial paper, rated P-1
(or better) by Moody's and D-l+ (or better) by Duff & Phelps, having a remaining
term until maturity of not more than 90 days from the date such investment is
made and (iv) investments in shares of a money market fund or investment fund
the assets of which consist only of the types of investments described in (i)
above and which fund is rated at least AAA by Duff & Phelps and Aaa by Moody's.

         "Permitted Liens" shall mean (a) the respective rights and interests of
the parties under the Operative Documents, (b) Lessor Liens and Indenture
Trustee Liens, (c) Liens for Taxes either not yet delinquent or being contested
in good faith and by appropriate proceedings, so long as such proceedings shall
not involve any material danger of the sale, forfeiture or loss of any part of
the Properties, title thereto or any interest therein, and shall not interfere
with the use or disposition of the Properties or the payment of Rent, (d)
materialmen's, mechanics', workers', repairmen's, employees' or other like Liens
for amounts either not yet delinquent or being contested diligently and in good
faith and by appropriate proceedings so long as such proceedings shall not
involve any material danger of the sale, forfeiture or loss of any part of the
Properties, title thereto or any interest therein and shall not interfere with
the use or disposition of the Properties or the payment of Rent, (e) Liens
arising out of judgments or awards with respect to which at the time an appeal
or proceeding for review is being prosecuted diligently and in good faith or
which have been bonded or for the payment of which adequate reserves shall have
been provided, (f) easements, rights of way, reservations, servitude and rights
of others against the Properties which (x) are listed on Schedule B of the Title
Policies or in the deeds with respect to the Properties delivered in connection
with the closing which occurred on the Original Closing Date, (y) are granted
pursuant to Section 21.12 of the Lease, or (z) singly or in the aggregate do not
(i) materially reduce the Fair Market Sales Value of the Properties, (ii)
materially interfere with or result in a detriment to the conduct of the
Lessee's business on the Properties pursuant to the Lease, (iii) materially
impair the usefulness of the Properties or (iv) impair the Lessor's or the Owner
Participant's interest or the Indenture Trustee's Lien on any portion of the
Estate and (g) assignments, leases and subleases expressly permitted by the
Operative Documents.

         "Permitted Use" shall have the meaning given such term in Section 10.2
of the Lease.

         "Person" shall mean individual, corporation, partnership, joint
venture, limited liability company, association, joint-stock company, trust,
nonincorporated organization or government or any agency or political
subdivision thereof.

         "Placement Agent" shall mean Banc of America Securities, LLC.

         "Principal Indemnitee" shall mean Lessor, the Trust Company, the Owner
Participant, Indenture Trustee, Pass Through Trustee or any Certificateholder.

         "Property" shall mean each of and "Properties" shall mean all of the
Improvements and related Land.

         "Property"  shall mean each of and  "Properties"  shall mean all of the
Improvements  and the Land noted on Schedule 3 to the Lease.

                                      -20-

<PAGE>

         "Purchasers" shall mean the purchasers of the Pass Through Certificates
pursuant to the Certificate Purchase Agreement.

         "Rating Test" as of any date means that the Lessee's long-term senior
unsecured debt obligations are rated at least BBB (or its equivalent) by Duff &
Phelps and Baa2 (or its equivalent) by Moody's at that date; provided that if
the Lessee is rated by only one of Duff & Phelps or Moody's, such obligations
shall have such rating from Duff & Phelps or Moody's, as the case may be, and a
comparable rating from one of Fitch Investors Service, S&P or another nationally
recognized rating agency.

         "Record Date" shall have the meaning set forth in Section 1.01 of the
Indenture.

         "Recourse Guarantor" shall mean any Person providing a Recourse
Guaranty.

         "Recourse Guaranty" shall mean the Guaranty relating to the Lessor's
obligations dated as of the Closing Date issued by the Recourse Guarantor in
favor of the Indenture Trustee and any other Guaranty issued in favor of the
Indenture Trustee pursuant to Section 7.4 of the Participation Agreement.

         "Redemption Premium" shall have the meaning set forth in Section 1.01
of the Indenture.

         "Refinancing" has the meaning set forth in Section 10.2 of the
Participation Agreement.

         "Regulated Activity" shall mean the Release, generation, treatment,
storage, recycling, transportation or disposal of Hazardous Material to the
extent such activities are regulated by any Governmental Authority.

         "Regulations" shall mean the income tax regulations promulgated from
time to time under and pursuant to the Code.

         "Release" shall mean any spilling, leaking, seeping, pumping, pouring,
emitting, emptying, discharging, injecting, escaping, leaching, dumping, or
disposing into, upon or under any land, water or air, or otherwise into the
indoor or outdoor environment as further defined under applicable Environmental
Law.

         "Remainderman Liens" shall mean any Lien on or against the Properties,
the Operative Documents, or any part thereof arising as a result of (i) Claims
against or affecting the Remainderman or any Affiliate of the Remainderman in
each case not related to the transactions contemplated by the Operative
Documents; (ii) any act or omission of the Remainderman or any Affiliate of the
Remainderman that is not related to the transactions contemplated by the
Operative Documents or that is in breach of any covenant or agreement of the
Remainderman set forth in any of the Operative Documents; and (iii) Taxes
imposed upon the Remainderman or any Affiliate of the Remainderman that are not
required to be indemnified against by the Lessee pursuant to the Participation
Agreement and which are not the obligations of any other party to the Operative
Documents. For purposes of this definition, "Remainderman" shall mean each of

                                      -21-

<PAGE>

REMAN 1997-C, Inc., a New Jersey corporation and REMAN 1997-D,
Inc., a New Jersey corporation.

         "Renewal Term" shall have the meaning specified in Section 5.1 of the
Lease.

         "Rent" shall mean Basic Rent and Supplemental Rent, collectively.

         "Rent Payment Dates" shall mean each date set forth on Schedule 4 to
the Lease on which Basic Rent is due; and, in the event there are one or more
Renewal Terms, the first day of such Renewal Term, and each six-month
anniversary thereof through and including six months before the last day of the
last Renewal Term.

         "Replacement Parts" shall have the meaning set forth in Section 9.1 of
the Lease.

         "Requirement" shall having the meaning set forth in Section 8.2(b)(xiv)
of the Participation Agreement.

         "Residual Value Insurance" shall mean that certain residual value
insurance policy, in form and substance satisfactory to the Pass Through Trustee
and the Indenture Trustee, issued by the Residual Value Insurer which insures,
subject to the terms stated in such policy, the amount scheduled to be due on
the Notes at maturity.

         "Residual Value Insurer" shall mean R.V.I. America Insurance Company.

         "Responsible Officer" shall mean the Chairman or Vice Chairman of the
Board of Directors, the Chairman or Vice Chairman of the Executive Committee of
the Board of Directors, the President, any Vice President (whether or not
designated by a number or a word or words added before or after the title "Vice
President", including any Assistant Vice President), the Secretary, any
Assistant Secretary, the Treasurer, any Assistant Treasurer (or any Person with
a title comparable to the foregoing).

         "S&P" shall mean Standard & Poor's Rating Group, a division of
McGraw-Hill, Inc., and any successor that issues nationally accepted securities
ratings.

         "Sale" shall having the meaning set forth in Section 7.4 of the
Participation Agreement.

         "Scheduled Basic Rent" has the meaning set forth in Section 3.1(a) of
the Lease.

         "SEC" shall mean the United States Securities and Exchange Commission.

         "Securities Act" shall mean the Securities Act of 1933, as amended.

         "Securities Exchange Act" shall mean the Securities Exchange Act of
1934, as amended.

         "Security Documents" shall mean the Indenture, the Maryland Security
Documents and the Notes.

                                      -22-

<PAGE>

         "Senior Subleases" shall mean the Existing Subleases, subleases which
satisfied at their inception the Non-Disturbance Criteria, subleases identified
on Exhibit C to the Participation Agreement and other subleases as to which the
Lessor has executed a Subordination and Nondisturbance Agreement.

         "Severable" shall mean all Alterations that are not Nonseverable.

         "Short Form Agreement" shall mean the agreement entered into dated as
of May 23, 2003 among the Lessee, the Lessor, the Indenture Trustee, the Pass
Through Trustee, the Owner Participant and the Recourse Guarantor that provides
notice of the provisions contained in Article IX of the Participation Agreement
and the Lease or the FMV Leases, as applicable, and which will be recorded in
the appropriate land records offices in certain of the jurisdictions where be
Properties are located.

         "Special Default" shall mean a Lease Default under Sections 18(a), (b),
(c) or (e) of the Lease.

         "Square Feet" shall mean the number of square feet of rentable area in
the Properties. Rentable area shall be defined as and measured and determined in
accordance with the most recent definitions and conversion formulas developed by
the Building Owners and Managers Association (BOMA) International in effect as
of the Closing Date. The Square Feet of an entire Property shall be deemed for
all purposes the amount set forth therefor in Schedule 3 to the Lease.

         "State" shall mean any State or Commonwealth of the United States and
the District of Columbia.

         "Stipulated Loss Value" as of any Stipulated Loss Value Date during the
Basic Term shall mean the amount calculated with respect to any Property by
multiplying the percentage set forth opposite such date in Schedule 1 to the
Lease by the Lessor's Cost for such Property, and, as of any date during the
Renewal Term, shall mean the amount determined in accordance with Article V of
the Lease.

         "Stipulated Loss Value Date" shall mean each date shown on Schedule 1
to the Lease and, during a Renewal Term, each Rent Payment Date.

         "Subordination and Non-disturbance Agreement" shall mean an agreement
substantially in the form of Exhibit D to the Lease entered into by Lessor,
Indenture Trustee and a sublessee of part or all of a Property or a
subordination, non-disturbance and attornement agreement entered into prior to
the Closing Date with respect to the subleases identified on Exhibit C to the
Participation Agreement.

         "Subsidiary" shall mean, for any Person, any corporation, partnership,
limited liability company or other entity of which at least a majority of the
securities or other ownership interest having by the terms thereof ordinary
voting power to elect a majority of the board of directors or other persons
performing similar functions of such corporation, partnership or other entity

                                      -23-

<PAGE>

(irrespective of whether or not at the time securities or other ownership
interest of any other class or classes of such corporation, partnership or other
entity shall have or might have voting power by reason of the happening of any
contingency) is at the time directly or indirectly owned or controlled by such
Person or one or more subsidiaries of such Person or by such Person and one or
more subsidiaries of such Person. "Wholly-Owned Subsidiary" of any Person shall
mean any corporation of which all of the outstanding shares of capital stock
having such ordinary voting power (except for directors' qualifying shares) are
so owned or controlled. Unless the context otherwise requires, "Subsidiary"
shall mean a Subsidiary of the Lessee.

         "Successor Lessor" shall have the meaning set forth in Section 12.12(c)
of the Participation Agreement

         "Supplemental Rent" shall mean any and all amounts, liabilities and
obligations other than Basic Rent which the Lessee assumes or agrees or is
otherwise obligated to pay under the Lease or any other Operative Document to
which Lessee is a party (whether or not designated as Supplemental Rent) to the
Lessor or any other party, including, without limitation, Stipulated Loss Value,
Fair Market Rental Value and Fair Market Sales Value payments, Redemption
Premium and indemnities and damages for breach of any covenants,
representations, warranties or agreements.

         "Surrendered Premises" means with respect to any Property, all portions
of such Property which are either (a) terminated from the Lease pursuant to
Sections 3.1(c) or 6.1(a) thereof and not leased to the Lessee pursuant to a FMV
Lease or a Partial Occupancy Lease or (b) subject to an AFR Sublease.

         "Tax Assumptions" shall have the meaning set forth in the Tax
Indemnification Agreement.

         "Tax Indemnification Agreement" shall mean the Tax Indemnification
Agreement dated as of May 23, 2003 between the Owner Participant and the Lessee.

         "Tax Indemnitee" shall have the meaning set forth in Section 8.2(i) of
the Participation Agreement.

         "Taxes" shall mean any and all present or future liabilities, losses,
expenses and costs of any land whatsoever that are fees (including without
limitation, license fees, documentation fees and registration fees), taxes
(including without limitation, income, gross or net income, gross or net
receipts, sales, use, value added, franchise, business, transfer, capital
property (tangible and intangible), municipal assessments, excise and stamp
taxes), levies, imposts, duties, charges, assessments or withholdings, together
with any penalties, fines or interest thereon or addition thereto (any of the
foregoing being referred to herein individually as a "Tax"), imposed by any
foreign or any United States Federal, state or local taxing authority.

         "Terminating Event" shall have the meaning specified in Section 6.4 of
the Lease.

         "Termination Date" shall have the meaning specified in Article 6 of the
Lease.

                                      -24-

<PAGE>

         "Termination Transferee" with respect to any Property terminated from
the Lease, shall mean the Recourse Guarantor or an Affiliate of the Recourse
Guarantor.

         "Title Insurance Company" shall mean Chicago Title Insurance Company.

         "Title Policies" shall mean the title insurance policies issued
pursuant to Section 3.1(p) of the Participation Agreement.

         "Total Joint Maximum Cumulative  Percentage" means as of any
Anniversary,  the percentage identified in Section 6.1 (a) of the Lease.

         "Total Original Lessor's Cost" shall mean $323,023,465.00.

         "Transaction Costs" shall mean the following reasonable fees, expenses,
disbursements and costs incurred in connection with the preparation, execution
and delivery of the Operative Documents and the consummation of the Overall
Transaction: (i) the fees and expenses of (w) the Owner Trustee, the Pass
Through Trustee and the Indenture Trustee and any of their respective
co-trustees, (x) the Appraiser, (y) the independent experts retained in
connection with performing a phase I environmental survey and engineering study
of the Properties and any other work done pursuant to Section 3.1(r) of the
Participation Agreement, and (z) the independent surveyors; (ii) the fees and
out-of-pocket expenses of the Placement Agent; (iii) the cost of the Title
Policies and the Residual Value Insurance; (iv) transfer and recording taxes and
costs; and (v) the out-of-pocket expenses of the Lessee, Lessor and the Owner
Participant and the fees and expenses of outside legal counsel of the Lessee,
Lessor, the Owner Participant, the Placement Agent, the Pass Through Trustee and
the Indenture Trustee, in all cases as capped or fixed by agreement with the
Owner Participant.

         "Transaction Fee" shall have the meaning set forth in Section 7.4 of
the Participation Agreement.

         "Transfer" shall having the meaning set forth in Section 7.4 of the
Participation Agreement.

         "Transferee" shall having the meaning set forth in Section 7.4 of the
Participation Agreement.

         "Transferor" shall having the meaning set forth in Section 7.4 of the
Participation Agreement.

         "Trust" shall mean the trust created by the Trust Agreement.

         "Trust Agreement" shall mean the Amended and Restated Trust Agreement
(1997-D) dated as of May 23, 2003 between Owner Participant as trustor and Owner
Trustee as trustee.

         "Trust Company" shall mean U.S. Bank National Association, a national
banking association.

                                      -25-

<PAGE>

         "Trust Estate" shall have the meaning given such term in the Trust
Agreement.

         "Trust Indenture Act" shall mean the Trust Indenture Act of 1939, as
amended.

         "UCC" shall mean the Uniform Commercial Code as in effect in any
applicable jurisdiction.

         "Wintergreen Properties" shall have the meaning set forth in Section
5.1 of the Lease.

                                      -26-<PAGE>
                                                                    Exhibit 10.5

                             BRIDGE CREDIT AGREEMENT

                           Dated as of January 9, 2003

                                      among

                        FIRST STATES INVESTORS 3500, LLC,
                                as the Borrower,

                            FIRST STATES GROUP, L.P.,
                              as the LP Guarantor,

                       FIRST STATES INVESTORS 3500A, LLC,
                            as the Parent Guarantor,

    STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT,NATIONAL ASSOCIATION,
  a national banking association, not in its individual capacity, but solely as
     Owner Trustee under the 1997-C Trust Agreement referenced herein, as a
                               Special Guarantor,

    STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION,
  a national banking association, not in its individual capacity, but solely as
     Owner Trustee under the 1997-D Trust Agreement referenced herein, as a
                               Special Guarantor,

                                PATRICK THEBADO,
     as successor Co-Trustee to Dori Anne Seakas, as successor Co-Trustee to
          Traci Hopkins, not in her individual capacity, but solely as
      Co-Trustee under the 1997-C Trust Agreement, as a Special Guarantor,

                                PATRICK THEBADO,
     as successor Co-Trustee to Dori Anne Seakas, as successor Co-Trustee to
          Traci Hopkins, not in her individual capacity, but solely as
      Co-Trustee under the 1997-D Trust Agreement, as a Special Guarantor,

                             BANK OF AMERICA, N.A.,
                            as Administrative Agent,

                         BANC OF AMERICA SECURITIES LLC,
                                       as
                    Sole Lead Arranger and Sole Book Manager,

                                       and

                         The Other Lenders Party Hereto

<PAGE>

TABLE OF CONTENTS

<TABLE>
<CAPTION>
Section                                                                                            Page
-------                                                                                            ----
<S>                                                                                                <C>
ARTICLE I DEFINITIONS AND ACCOUNTING TERMS..........................................................  1
     1.01  Defined Terms............................................................................  1
           -------------
     1.02  Other Interpretive Provisions............................................................ 16
           -----------------------------
     1.03  Accounting Terms......................................................................... 16
           ----------------
     1.04  Rounding................................................................................. 17
           --------
     1.05  References to Agreements and Laws........................................................ 17
           ---------------------------------
     1.06  Times of Day............................................................................. 17
           ------------
ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS.................................................... 17
     2.01  Term Loan; Term Note..................................................................... 17
           --------------------
     2.02  Borrowing Procedures..................................................................... 17
           --------------------
     2.03  Principal and Interest Payments and Calculation.......................................... 18
           -----------------------------------------------
     2.04  Prepayments.............................................................................. 19
           -----------
     2.05  Evidence of Debt......................................................................... 19
           ----------------
     2.06  Payments Generally....................................................................... 19
           ------------------
     2.07  Sharing of Payments...................................................................... 20
           -------------------
ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY.................................................. 21
     3.01  Taxes.................................................................................... 21
           -----
     3.02  Increased Cost and Reduced Return; Capital Adequacy; Reserves on Loans................... 22
           ----------------------------------------------------------------------
     3.03  Funding Losses........................................................................... 22
           --------------
     3.04  Matters Applicable to all Requests for Compensation...................................... 23
           ---------------------------------------------------
     3.05  Survival................................................................................. 23
           --------
ARTICLE IV GUARANTY................................................................................. 23
     4.01  The Guaranty............................................................................. 23
           ------------
     4.02  Obligations Unconditional................................................................ 23
           -------------------------
     4.03  Reinstatement............................................................................ 24
           -------------
     4.04  Certain Additional Waivers............................................................... 24
           --------------------------
     4.05  Remedies................................................................................. 24
           --------
     4.06  Guarantee of Payment; Continuing Guarantee............................................... 25
           ------------------------------------------
     4.07  Guarantee of Payment; Continuing Guarantee............................................... 25
           ------------------------------------------
ARTICLE V CONDITIONS PRECEDENT TO CLOSING AND ADVANCE............................................... 25
     5.01  Conditions Precedent..................................................................... 25
           --------------------
ARTICLE VI REPRESENTATIONS AND WARRANTIES........................................................... 30
     6.01  Existence, Qualification and Power; Compliance with Laws................................. 30
           --------------------------------------------------------
     6.02  Authorization; No Contravention.......................................................... 31
           -------------------------------
     6.03  Governmental Authorization; Other Consents............................................... 31
           ------------------------------------------
     6.04  Binding Effect........................................................................... 31
           --------------
     6.05  Financial Statements; No Material Adverse Effect......................................... 31
           ------------------------------------------------
     6.06  Litigation............................................................................... 32
           ----------
     6.07  No Default............................................................................... 32
           ----------
     6.08  Ownership of Property; Liens............................................................. 32
           ----------------------------
     6.09  Environmental Compliance................................................................. 32
           ------------------------
     6.10  Insurance................................................................................ 33
           ---------
     6.11  Taxes.................................................................................... 33
           -----
     6.12  ERISA Compliance......................................................................... 33
           ----------------
     6.13  Subsidiaries............................................................................. 34
           ------------
</TABLE>

                                       i

<PAGE>

<TABLE>
<S>                                                                                                       <C>
     6.14   Margin Regulations; Investment Company Act; Public Utility Holding Company Act...............  34
            ------------------------------------------------------------------------------
     6.15   Disclosure...................................................................................  34
            ----------
     6.16   Compliance with Laws.........................................................................  34
            --------------------
     6.17   Solvency.....................................................................................  35
            --------
     6.18   Investments; Indebtedness....................................................................  35
            -------------------------
     6.19   Business Locations...........................................................................  35
            ------------------
     6.20   Brokers' Fees................................................................................  35
            -------------
     6.21   Labor Matters................................................................................  35
            -------------
     6.22   Nature of Business...........................................................................  35
            ------------------
     6.23   Representations and Warranties from Other Loan Documents.....................................  35
            --------------------------------------------------------
     6.24   Affiliate Transactions.......................................................................  35
            ----------------------
     6.25   Contractual Obligations......................................................................  35
            -----------------------
     6.26   Survival of Representations and Warranties, Etc. ............................................  35
            ------------------------------------------------
ARTICLE VII AFFIRMATIVE COVENANTS........................................................................  36
     7.01   Financial Statements.........................................................................  36
            --------------------
     7.02   Certificates; Other Information..............................................................  36
            -------------------------------
     7.03   Notices and Information......................................................................  36
            -----------------------
     7.04   Payment of Obligations.......................................................................  37
            ----------------------
     7.05   Preservation of Existence, Franchises, SPE Status, Etc.......................................  37
            -------------------------------------------------------
     7.06   Maintenance of Properties....................................................................  37
            -------------------------
     7.07   Maintenance of Insurance.....................................................................  38
            ------------------------
     7.08   Compliance with Laws.........................................................................  38
            --------------------
     7.09   Books and Records............................................................................  38
            -----------------
     7.10   Inspection Rights............................................................................  38
            -----------------
     7.11   Use of Proceeds; Type of Purchase Agreement Transactions.....................................  38
            --------------------------------------------------------
     7.12   Payments from Approved Leases................................................................  38
            -----------------------------
     7.13   Pledged Assets...............................................................................  39
            --------------
     7.14   Further Assurances ..........................................................................  39
            ------------------
     7.15   Status of Mortgaged Properties; Recording of Collateral Documents............................  39
            -----------------------------------------------------------------
     7.16   Approved Leases..............................................................................  40
            ---------------
     7.17   Fianancial Covenants ........................................................................  40
            --------------------
ARTICLE VIII ADDITIONAL NEGATIVE COVENANTS...............................................................  41
     8.01   Liens........................................................................................  41
            -----
     8.02   Investments..................................................................................  41
            -----------
     8.03   Indebtedness.................................................................................  42
            ------------
     8.04   Fundamental Changes; Dispositions............................................................  42
            ---------------------------------
     8.05   Restricted Payments; Equity Issuances; Debt Issuances........................................  42
            -----------------------------------------------------
     8.06   Change in Nature of Business.................................................................  42
            ----------------------------
     8.07   Transactions with Affiliates and Insiders....................................................  43
            -----------------------------------------
     8.08   Contractual Obligations; Sale and Leasback Agreements........................................  43
            -----------------------------------------------------
     8.09   Use of Proceeds..............................................................................  43
            ---------------
     8.10   Subsidiaries; Ownership of Capital Stock.....................................................  43
            ----------------------------------------
     8.11   Prepayment of Other Indebtedness, Etc........................................................  43
            -------------------------------------
     8.12   Organization Documents; Fiscal Year..........................................................  44
            -----------------------------------
     8.13   Status of Approved Leases and Mortgaged Properties...........................................  44
            --------------------------------------------------
     8.14   Operating Lease Obligations..................................................................  44
            ---------------------------
ARTICLE IX EVENTS OF DEFAULT AND REMEDIES................................................................  44
     9.01   Events of Default............................................................................  44
            -----------------
</TABLE>

                                       ii

<PAGE>

<TABLE>
<S>                                                                                                       <C>
     9.02   Remedies Upon Event of Default...............................................................  46
            ------------------------------
     9.03   Application of Funds.........................................................................  46
            --------------------
ARTICLE X ADMINISTRATIVE AGENT...........................................................................  47
     10.01  Appointment and Authorization of Administrative Agent........................................  47
            -----------------------------------------------------
     10.02  Delegation of Duties.........................................................................  47
            --------------------
     10.03  Liability of Administrative Agent............................................................  47
            ---------------------------------
     10.04  Reliance by Administrative Agent.............................................................  47
            --------------------------------
     10.05  Notice of Default............................................................................  48
            -----------------
     10.06  Credit Decision; Disclosure of Information by Administrative Agent...........................  48
            ------------------------------------------------------------------
     10.07  Indemnification of Administrative Agent......................................................  48
            ---------------------------------------
     10.08  Administrative Agent in its Individual Capacity..............................................  49
            -----------------------------------------------
     10.09  Successor Administrative Agent...............................................................  49
            ------------------------------
     10.10  Administrative Agent May File Proofs of Claim................................................  49
            ---------------------------------------------
     10.11  Collateral and Guaranty Matters..............................................................  50
            -------------------------------
     10.12  Other Agents; Arrangers and Managers.........................................................  50
            ------------------------------------
ARTICLE XI MISCELLANEOUS.................................................................................  51
     11.01  Amendments, Etc..............................................................................  51
            ---------------
     11.02  Notices and Other Communications; Facsimile Copies...........................................  52
            --------------------------------------------------
     11.03  No Waiver; Cumulative Remedies...............................................................  52
            ------------------------------
     11.04  Attorney Costs, Expenses and Taxes...........................................................  53
            ----------------------------------
     11.05  Indemnification by the Borrower..............................................................  53
            -------------------------------
     11.06  Payments Set Aside...........................................................................  54
            ------------------
     11.07  Successors and Assigns.......................................................................  54
            ----------------------
     11.08  Confidentiality..............................................................................  56
            ---------------
     11.09  Set-off......................................................................................  56
            -------
     11.10  Interest Rate Limitation.....................................................................  57
            ------------------------
     11.11  Counterparts.................................................................................  57
            ------------
     11.12  Integration..................................................................................  57
            -----------
     11.13  Survival of Representations and Warranties...................................................  57
            ------------------------------------------
     11.14  Severability.................................................................................  57
            ------------
     11.15  Tax Forms....................................................................................  57
            ---------
     11.16  Replacement of Lenders.......................................................................  59
            ----------------------
     11.17  Governing Law................................................................................  59
            -------------
     11.18  Waiver of Right to Trial by Jury.............................................................  59
            --------------------------------
     11.19  Entire Agreement ............................................................................  59
            ----------------
SIGNATURES............................................................................................... S-1
</TABLE>

                                       iii

<PAGE>

SCHEDULES

     1.01(a)  Approved Leases and Mortgaged Properties
     2.01     Commitments and Pro Rata Shares
     6.03     Required Consents, Authorizations, Notices and Filings
     6.05     Indebtedness of Guarantor; Supplement to Financial Information
     6.09     Environmental Matters
     6.10     Insurance
     6.13     Corporate Structure
     6.19     Chief Executive Office, Jurisdiction of Incorporation, Principal
              Place of Business
     6.24     Approved Affiliate Transactions
     6.25     Approved Contractual Obligations
     11.02    Administrative Agent's Office, Certain Addresses for Notices

EXHIBITS

     A        Form of Loan Notice
     B-1      Form of Parent Guarantor Pledge Agreement
     B-2      Form of LP Guarantor Pledge Agreement
     C        Form of Term Note
     D        SPE Requirements
     E        Form of Assignment and Assumption

                                       iv

<PAGE>

                             BRIDGE CREDIT AGREEMENT

     This BRIDGE CREDIT AGREEMENT (as amended, modified, restated or
supplemented from time to time, the "Agreement") is entered into as of January
9, 2003 by and among FIRST STATES INVESTORS 3500, LLC, a Delaware limited
liability company, as a borrower hereunder (together with any successors and
assigns expressly permitted pursuant to the terms of this Agreement, the
"Borrower"), FIRST STATES GROUP, L.P., a Delaware limited partnership, as the LP
Guarantor (together with any successors and assigns expressly permitted pursuant
to the terms of this Agreement, the "LP Guarantor"), FIRST STATES INVESTORS
3500A, LLC, a Delaware limited liability company, as the Parent Guarantor
(together with any successors and assigns expressly permitted pursuant to the
terms of this Agreement, the "Parent Guarantor"), STATE STREET BANK AND TRUST
COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association,
not in its individual capacity, but solely as Owner Trustee under the 1997-C
Trust Agreement referenced herein (together with any successors and assigns
expressly permitted pursuant to the terms of this Agreement, the "1997-C Owner
Trustee"), as a Special Guarantor (as defined herein), STATE STREET BANK AND
TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking
association, not in its individual capacity, but solely as Owner Trustee under
the 1997-D Trust Agreement referenced herein (together with any successors and
assigns expressly permitted pursuant to the terms of this Agreement, the "1997-D
Owner Trustee"), as a Special Guarantor, PATRICK THEBADO, as successor
Co-Trustee to Dori Anne Seakas, as successor Co-Trustee to Traci Hopkins, not in
her individual capacity, but solely as Co-Trustee under the 1997-C Trust
Agreement (together with any successors and assigns expressly permitted pursuant
to the terms of this Agreement, the "1997-C Co-Trustee") as a Special Guarantor,
PATRICK THEBADO, as successor Co-Trustee to Dori Anne Seakas, as successor
Co-Trustee to Traci Hopkins, not in her individual capacity, but solely as
Co-Trustee under the 1997-D Trust Agreement (together with any successors and
assigns expressly permitted pursuant to the terms of this Agreement, the "1997-C
Co-Trustee"), as a Special Guarantor, the Lenders (as defined herein), and BANK
OF AMERICA, N.A., as Administrative Agent (as defined herein).

     The Borrower has requested that the Lenders provide term loans in a single
advance in an initial aggregate amount not in excess of $200,000,000 for the
purposes hereinafter set forth, and the Lenders are willing to do so on the
terms and conditions set forth herein.

     In consideration of the mutual covenants and agreements herein contained,
the parties hereto covenant and agree as follows:

                                    ARTICLE I
                        DEFINITIONS AND ACCOUNTING TERMS

     1.01 Defined Terms.

     As used in this Agreement, the following terms shall have the meanings set
forth below:

     "1997-C Co-Trustee" shall have the meaning assigned to such term in the
introductory paragraph hereof.

     "1997-D Co-Trustee" shall have the meaning assigned to such term in the
introductory paragraph hereof.

     "1997-C Owner Trustee" shall have the meaning assigned to such term in the
introductory paragraph hereof.

     "1997-D Owner Trustee" shall have the meaning assigned to such term in the
introductory paragraph hereof.

     "1997-C Trust Agreement" that certain Trust Agreement 1997- dated as of
June 4, 1997 originally by and among RENAT, Inc., as owner participant and State
Street Bank and Trust Company of Connecticut, National Association, as Owner
Trustee.

<PAGE>

     "1997-D Trust Agreement" that certain Trust Agreement 1997-D dated as of
June 4, 1997 originally by and among RENAT, Inc., as owner participant and State
Street Bank and Trust Company of Connecticut, National Association, as Owner
Trustee.

     "Acquisition", by any Person, means the acquisition by such Person, in a
single transaction or in a series of related transactions, of all of the Capital
Stock or all or substantially all of the Property of another Person, whether or
not involving a merger or consolidation with such other Person and whether for
cash, property, services, assumption of Indebtedness, securities or otherwise.

     "Adjusted LIBOR Rate" means a per annum rate of interest equal to (a) the
LIBOR Rate, plus (b) one and one quarter of one percent (1.25%) per annum;
provided, however, that if Administrative Agent determines that no adequate
basis exists for determining the LIBOR Rate or that the LIBOR Rate will not
adequately and fairly reflect the cost to the Lenders of funding the Term Loans,
or that any applicable law or regulation or compliance therewith by the Lenders
prohibits or restricts or makes impossible the charging of interest based on the
LIBOR Rate and Administrative Agent so notifies Borrower, then until
Administrative Agent notifies Borrower that the circumstances giving rise to
such suspension no longer exist, the "Adjusted LIBOR Rate" for purposes of this
definition shall, from the date Administrative Agent so notifies Borrower until
the Maturity Date of this Agreement, equal the Base Rate plus one half of one
percent (0.50%) per annum.

     "Administrative Agent" means Bank of America in its capacity as
administrative agent under any of the Loan Documents, or any successor
administrative agent.

     "Administrative Agent's Office" means the Administrative Agent's address
and, as appropriate, account as set forth on Schedule 11.02, or such other
address or account as the Administrative Agent may from time to time notify the
Borrower and the Lenders.

     "Administrative Questionnaire" means an Administrative Questionnaire in a
form supplied by the Administrative Agent.

     "Advance" shall have the meaning assigned to such term in Section 2.02(a)
hereof.

     "Advance Date" means the date on which Borrower, pursuant to a Loan Notice,
requests that the Advance be made.

     "Affiliate" means, with respect to any Person, another Person that
directly, or indirectly through one or more intermediaries, Controls or is
Controlled by or is under common Control with the Person specified. "Control"
means the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of a Person, whether through the
ability to exercise voting power, by contract or otherwise. "Controlling" and
"Controlled" have meanings correlative thereto. Without limiting the generality
of the foregoing, a Person shall be deemed to be Controlled by another Person if
such other Person possesses, directly or indirectly, power to vote 5% or more of
the securities having ordinary voting power for the election of directors,
managing general partners or the equivalent.

     "Agent-Related Persons" means the Administrative Agent, together with its
Affiliates (including, in the case of Bank of America in its capacity as the
Administrative Agent, the Arranger), and the officers, directors, employees,
agents and attorneys-in-fact of such Persons and Affiliates.

     "Aggregate Commitments" means a collective reference to the Commitments of
each of the Lenders.

     "Agreement" shall have the meaning assigned to such term in the heading
hereof.

     "Agreement Date" means the date as of which this Agreement is dated, as set
forth in the introductory paragraph hereof.

     "Approved Leases" means a collective reference to those leases listed on
Schedule 1.01(a) attached hereto.

                                       2

<PAGE>

     "Arranger" means Banc of America Securities LLC, in its capacity as sole
lead arranger and sole book manager.

     "Assignment and Assumption" means an Assignment and Assumption
substantially in the form of Exhibit E.

     "Assignment of Leases" means, with respect to each Mortgaged Property, each
of:

          (a) an assignment of leases, rents income, receipts, revenues,
     reserves, insurance proceeds, issues, and profits (including, without
     limitation, minimum rents, additional rents, percentage rents, parking,
     maintenance and deficiency rents) to the Collateral Agent (for the benefit
     of the Secured Parties) with respect to Borrower's Remainder Interests in
     all leases, subleases, tenancies, licenses, occupancy agreements or
     agreements to lease all or any portion of such Mortgaged Property, together
     with any extensions, renewals, amendments, modifications or replacements
     thereof, and any options, rights of first refusal or guarantees of any
     tenant's obligations under any lease now or hereafter in effect with
     respect thereto, in each case in form and substance acceptable to the
     Administrative Agent in its discretion; provided, that, each such
     Assignments of Leases shall, in any case, assign to the Collateral Agent
     any and all of the Borrower's rights to collect or receive any payments
     with respect to the applicable Mortgaged Property and may be combined with
     the applicable Mortgage Instrument for a particular Mortgaged Property; and

          (b) an assignment of leases, rents and/or profits to the Collateral
     Agent (for the benefit of the Secured Parties) with respect to all
     interests held by each Special Guarantor in any Approved Lease and the
     applicable Mortgaged Property associated therewith; provided that each such
     Assignment of Leases shall, subject to the terms of the applicable
     underlying Approved Lease, directly assign to the Collateral Agent the
     following: (a) the Approved Lease and all other leases, subleases,
     tenancies, licenses, occupancy agreements or agreements to lease all or any
     portion of the applicable Mortgaged Property, together with any extensions,
     renewals, amendments, modifications or replacements thereof, and any
     options, rights of first refusal or guarantees of any tenant's obligations
     under any lease now or hereafter in effect with respect to the applicable
     Mortgaged Property; (b) all rents, income, receipts, revenues, reserves,
     issues and profits arising under such Approved Lease and any other lease
     with respect to the applicable Mortgaged Property, including, without
     limitation, minimum rents, additional rents, percentage rents, parking,
     maintenance and deficiency rents with respect to the applicable Mortgaged
     Property; (c) all awards and payments of any kind derived from or relating
     to the Approved Lease or any other lease related to the applicable
     Mortgaged Property including, without limitation, (i) claims for the
     recovery of damages to the applicable Mortgaged Property by proceeds of any
     policy of insurance or otherwise, or for the abatement of any nuisance
     existing thereon, (ii) claims for damages resulting from acts of insolvency
     or bankruptcy or otherwise, (iii) lump sum payments for the cancellation or
     termination of the Approved Lease or any other lease related to the
     applicable Mortgaged Property, the waiver of any term thereof, or the
     exercise of any right of first refusal or option to purchase and (iv) the
     return of any insurance premiums or ad valorem tax payments made in advance
     and subsequently refunded; (d) the proceeds of any casualty, rental or loss
     of rents or other insurance carried by Borrower or any holder of a fee
     interest or leasehold interest on the applicable Mortgaged Property; and
     (e) all security deposits and escrow accounts made by any tenant or
     subtenant under the Approved Lease or any other lease related to the
     applicable Mortgaged Property; provided, that each such Assignment of
     Leases assign to the Collateral Agent any and all of the Special
     Guarantors' rights to collect, hold or receive any payments with respect to
     the applicable Mortgaged Property;

provided, that each of the assignments granted pursuant to clauses (a) and (b)
above may be combined with or separate from the assignments granted pursuant to
the other clause of this definition and/or the applicable Mortgage Instrument
for a particular Mortgaged Property; and "Assignments of Leases" means a
collective reference to each Assignment of Leases executed in connection with
this Agreement.

     "Attorney Costs" means and includes all fees, expenses and disbursements of
any law firm or other external counsel and, without duplication, the allocated
cost of internal legal services and all expenses and disbursements of internal
counsel.

                                       3

<PAGE>

     "Attributable Indebtedness" means, on any date, (a) in respect of any
Capital Lease of any Person, the capitalized amount thereof that would appear on
a balance sheet of such Person prepared as of such date in accordance with GAAP,
and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of
the remaining lease payments under the relevant lease that would appear on a
balance sheet of such Person prepared as of such date in accordance with GAAP if
such lease were accounted for as a Capital Lease.

     "Bank of America" means Bank of America, N.A. and its successors.

     "Bankruptcy Event" means, with respect to any Person, the occurrence of any
of the following: (a) the entry of a decree or order for relief by a court or
governmental agency in an involuntary case under any applicable bankruptcy,
insolvency or other similar law now or hereafter in effect, or the appointment
by a court or governmental agency of a receiver, liquidator, assignee,
custodian, trustee, sequestrator (or similar official) of such Person or for any
substantial part of its Property or the ordering of the winding up or
liquidation of its affairs by a court or governmental agency; or (b) the
commencement against such Person of an involuntary case under any applicable
bankruptcy, insolvency or other similar law now or hereafter in effect, or of
any case, proceeding or other action for the appointment of a receiver,
liquidator, assignee, custodian, trustee, sequestrator (or similar official) of
such Person or for any substantial part of its Property or for the winding up or
liquidation of its affairs, and such involuntary case or other case, proceeding
or other action shall remain undismissed for a period of sixty (60) consecutive
days, or the repossession or seizure by a creditor of such Person of a
substantial part of its Property; or (c) such Person shall commence a voluntary
case under any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or consent to the entry of an order for relief in an
involuntary case under any such law, or consent to the appointment of or the
taking possession by a receiver, liquidator, assignee, creditor in possession,
custodian, trustee, sequestrator (or similar official) of such Person or for any
substantial part of its Property or make any general assignment for the benefit
of creditors; or (d) such Person shall be unable to, or shall admit in writing
its inability to, pay its debts generally as they become due.

     "Base Rate" means for any day a fluctuating rate per annum equal to the
higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest
in effect for such day as publicly announced from time to time by Bank of
America as its "prime rate." The "prime rate" is a rate set by Bank of America
based upon various factors including Bank of America's costs and desired return,
general economic conditions and other factors, and is used as a reference point
for pricing some loans, which may be priced at, above, or below such announced
rate. Any such rate is a general reference rate of interest, may not be related
to any other rate, and may not be the lowest or best rate actually charged by
Bank of America to any customer or a favored rate and may not correspond with
future increases or decreases in interest rates charged by other lenders or
market rates in general, and that Bank of America may make various business or
other loans at rates of interest having no relationship to such rate. Any change
in such rate announced by Bank of America shall take effect at the opening of
business on the day specified in the public announcement of such change. If Bank
of America ceases to exist or to establish or publish a prime rate from which
the Base Rate is then determined, the applicable variable rate from which the
Base Rate is determined thereafter shall be instead the prime rate reported in
The Wall Street Journal (or the average prime rate if a high and a low prime
rate are therein reported), and the Base Rate shall change without notice with
each change in such prime rate as of the date such change is reported.

     "Base Rent" means, for any lease agreement during any period, an amount
equal to (a) the aggregate projected gross rental payments to be made by the
lessee under such lease agreement during such period, less (b) all amounts of
such rental payments allocated to the payment of taxes, utilities, insurance,
maintenance or other costs associated with the applicable real property or
otherwise in the nature of reimbursements to Borrower.

     "Borrower" has the meaning specified in the introductory paragraph hereof.

     "Borrower Security Agreement" means that certain Security Agreement dated
as of the Agreement Date executed by the Borrower in favor of the Collateral
Agent.

     "Business Day" means any day other than a Saturday, Sunday or other day on
which commercial banks are authorized to close under the Laws of, or are in fact
closed in, the state where the Administrative Agent's Office is located.

                                       4

<PAGE>

     "Businesses" means, at any time, a collective reference to the businesses
operated by the Loan Parties at such time.

     "Capital Lease" means, as applied to any Person, any lease of any Property
(whether real, personal or mixed) by that Person as lessee which, in accordance
with GAAP, is required to be accounted for as a capital lease on the balance
sheet of that Person.

     "Capital Stock" means (i) in the case of a corporation, capital stock, (ii)
in the case of an association or business entity, any and all shares, interests,
participations, rights or other equivalents (however designated) of capital
stock, (iii) in the case of a partnership, partnership interests (whether
general or limited), (iv) in the case of a limited liability company, membership
interests and (v) any other interest or participation that confers on a Person
the right to receive a share of the profits and losses of, or distributions of
assets of, the issuing Person.

     "Capitalized Lease Obligation" means Indebtedness represented by
obligations under a lease that is required to be capitalized for financial
reporting purposes in accordance with GAAP, and the amount of such Indebtedness
is the capitalized amount of such obligations determined in accordance with
GAAP.

     "Cash Equivalents" means, as at any date, (a) securities issued or directly
and fully guaranteed or insured by the United States or any agency or
instrumentality thereof (provided that the full faith and credit of the United
States is pledged in support thereof) having maturities of not more than twelve
months from the date of acquisition, (b) Dollar denominated time deposits and
certificates of deposit of (i) any Lender, (ii) any domestic commercial bank of
recognized standing having capital and surplus in excess of $500,000,000 or
(iii) any bank whose short-term commercial paper rating from S&P is at least A-1
or the equivalent thereof or from Moody's is at least P-1 or the equivalent
thereof (any such bank being an "Approved Bank"), in each case with maturities
of not more than 270 days from the date of acquisition, (c) commercial paper and
variable or fixed rate notes issued by any Approved Bank (or by the parent
company thereof) or any variable rate notes issued by, or guaranteed by, any
domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or
P-1 (or the equivalent thereof) or better by Moody's and maturing within six
months of the date of acquisition, (d) repurchase agreements entered into by any
Person with a bank or trust company (including any of the Lenders) or recognized
securities dealer having capital and surplus in excess of $500,000,000 for
direct obligations issued by or fully guaranteed by the United States in which
such Person shall have a perfected first priority security interest (subject to
no other Liens) and having, on the date of purchase thereof, a fair market value
of at least 100% of the amount of the repurchase obligations and (e)
Investments, classified in accordance with GAAP as current assets, in money
market investment programs registered under the Investment Company Act of 1940,
as amended, which are administered by reputable financial institutions having
capital of at least $500,000,000 and the portfolios of which are limited to
Investments of the character described in the foregoing subdivisions (a) through
(d).

     "Change of Control" means the occurrence of any of the following events:
(a) the sale, lease, transfer or other disposition (other than by way of merger
or consolidation), in one or a series of related transactions, of all or
substantially all of the assets of any Loan Party to any "person" or "group"
(within the meaning of Sections 13(d) and 14(d)(2) of the Securities Exchange
Act of 1934), (b) any Loan Party is liquidated or dissolved or adopts a plan of
liquidation or dissolution; (c) the Parent Guarantor shall fail to own directly
100% of the outstanding Capital Stock of the Borrower; or (d) the LP Guarantor
shall fail to own 100% of the outstanding Capital Stock of the Parent Guarantor.

     "Closing Date" means the first date all the conditions precedent in Section
5.01 are satisfied or waived in accordance with Section 5.01.

     "Code" means the Internal Revenue Code of 1986.

     "Collateral" means a collective reference to all real and personal Property
with respect to which Liens in favor of the Collateral Agent for the benefit of
the Secured Parties are purported to be granted pursuant to and in accordance
with the terms of the Collateral Documents.

     "Collateral Agent" means Bank of America, in such capacity under the
Collateral Documents, or its successors and assigns.

                                       5

<PAGE>

     "Collateral Documents" means a collective reference to the Pledge
Agreements, the Borrower Security Agreement, the Mortgage Instruments, the
Assignments of Leases and such other security documents as may be executed and
delivered by the Loan Parties and/or Special Guarantors pursuant to the terms of
this Agreement.

     "Commitment" means, as to each Lender, its obligation to make its Term Loan
to the Borrower pursuant to Section 2.01, in an aggregate principal amount at
any one time outstanding not to exceed the amount set forth opposite such
Lender's name on Schedule 2.01 or in the Assignment and Assumption pursuant to
which such Lender becomes a party hereto, as applicable, as such amount may be
adjusted from time to time in accordance with this Agreement.

     "Compensation Period" has the meaning specified in Section 2.06(c)(ii)

     "Contractual Obligation" means, as to any Person, any provision of any
security issued by such Person or of any agreement, instrument or other
undertaking to which such Person is a party or by which it or any of its
property is bound.

     "Control" has the meaning specified in the definition of "Affiliate" set
forth in this Section 1.01.

     "Debt Issuance" means the issuance by Borrower of any Indebtedness of the
type referred to in clause (a) or (b) of the definition thereof set forth in
this Section 1.01.

     "Debtor Relief Laws" means the Bankruptcy Code of the United States, and
all other liquidation, conservatorship, bankruptcy, assignment for the benefit
of creditors, moratorium, rearrangement, receivership, insolvency,
reorganization, or similar debtor relief Laws of the United States or other
applicable jurisdictions from time to time in effect and affecting the rights of
creditors generally.

     "Default" means any event or condition that constitutes an Event of Default
or that, with the giving of any notice, the passage of time, or both, would be
an Event of Default.

     "Default Rate" means in respect of any principal of any Term Loan or any
other Obligation that is not paid when due (whether at stated maturity, by
acceleration, by optional or mandatory prepayment or otherwise), a rate per
annum equal to four percent (4.0%) plus the Adjusted LIBOR Rate as in effect
from time to time, to the fullest extent permitted by applicable Laws.

     "Defaulting Lender" means any Lender that (a) has failed to fund any
portion of its Term Loan required to be funded by it hereunder within one
Business Day of the date required to be funded by it hereunder, (b) has
otherwise failed to pay over to the Administrative Agent or any other Lender any
other amount required to be paid by it hereunder within one Business Day of the
date when due, unless the subject of a good faith dispute, or (c) has been
deemed insolvent or become the subject of a bankruptcy or insolvency proceeding.

     "Delivered Financial Statements" means a collective reference to the
unaudited consolidated and consolidating balance sheet of the LP Guarantor as of
November 30, 2002 and the related consolidated and consolidating statements of
income or operations, shareholders' equity and cash flows of the LP Guarantor
(in each case, to the extent in existence as of the Closing Date) for the period
commencing on September 10, 2002 and ending as of November 30, 2002, including
any notes with respect thereto.

     "Disposition" or "Dispose" means any disposition of any or all of the
Property (including without limitation the Capital Stock of a Subsidiary) of any
Loan Party or Special Guarantor whether by sale, lease, licensing, transfer or
otherwise, but other than pursuant to any casualty or condemnation event;
provided, however, that the term "Disposition" shall be deemed to exclude any
Equity Issuance.

     "Dollar" and "$" mean lawful money of the United States.

     "Eligible Assignee" has the meaning specified in Section 11.07(g).

                                       6

<PAGE>

     "Eligible Lessee" means (a) Bank of America, N.A. or an Affiliate thereof
that has been approved in writing by the Administrative Agent or (b) a Person
with publicly traded senior debt that is rated AA or better by S&P and that has
been approved in writing by the Administrative Agent, in each case to the extent
such Person is not the subject of any Bankruptcy Event.

     "Engagement Letter" means that certain engagement letter and the attached
summary of terms and conditions entered into by and among Borrower and the
Administrative Agent and dated as of January 3, 2003.

     "Environmental Laws" means any and all Federal, state, local, and foreign
statutes, laws, regulations, ordinances, rules, judgments, orders, decrees,
permits, concessions, grants, franchises, licenses, agreements or governmental
restrictions relating to pollution and the protection of the environment or the
release of any materials into the environment, including those related to
hazardous substances or wastes, air emissions and discharges to waste or public
systems.

     "Environmental Liability" means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines,
penalties or indemnities), of any Loan Party, any of the respective Loan
Parties' Subsidiaries or any Special Guarantor directly or indirectly resulting
from or based upon (a) violation of any Environmental Law, (b) the generation,
use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any
contract, agreement or other consensual arrangement pursuant to which liability
is assumed or imposed with respect to any of the foregoing.

     "ERISA" means the Employee Retirement Income Security Act of 1974.

     "ERISA Affiliate" means any trade or business (whether or not incorporated)
under common control with the Borrower within the meaning of Section 414(b) or
(c) of the Code (and Sections 414(m) and (o) of the Code for purposes of
provisions relating to Section 412 of the Code).

     "ERISA Event" means (a) a Reportable Event with respect to a Pension Plan;
(b) a withdrawal by the Borrower or any ERISA Affiliate from a Pension Plan
subject to Section 4063 of ERISA during a plan year in which it was a
substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation
of operations that is treated as such a withdrawal under Section 4062(e) of
ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA
Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is
in reorganization; (d) the filing of a notice of intent to terminate, the
treatment of a Plan amendment as a termination under Sections 4041 or 4041A of
ERISA, or the commencement of proceedings by the PBGC to terminate a Pension
Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds
under Section 4042 of ERISA for the termination of, or the appointment of a
trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the
imposition of any liability under Title IV of ERISA, other than for PBGC
premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower
or any ERISA Affiliate.

     "Equity Issuance" means any issuance by Borrower to any Person of (a)
shares of its Capital Stock, (b) any shares of its Capital Stock pursuant to the
exercise of options or warrants, (c) any shares of its Capital Stock pursuant to
the conversion of any debt securities to equity or the conversion of any class
equity securities to any other class of equity securities or (d) any options or
warrants relating to its Capital Stock. The term "Equity Issuance" shall not be
deemed to include any Disposition.

     "Event of Default" has the meaning specified in Section 9.01.

     "Federal Funds Rate" means, for any day, the rate per annum equal to the
weighted average of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers on such
day, as published by the Federal Reserve Bank on the Business Day next
succeeding such day; provided that (a) if such day is not a Business Day, the
Federal Funds Rate for such day shall be such rate on such transactions on the
next preceding Business Day as so published on the next succeeding Business Day,
and (b) if no such rate is so published on such next succeeding Business Day,
the Federal Funds Rate for such day shall be the average rate (rounded upward,
if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on
such day on such transactions as determined by the Administrative Agent.

                                       7

<PAGE>

     "FIRREA" means the Financial Institutions Reform, Recovery, and Enforcement
Act of 1989, as amended, and any successor statute thereto, as interpreted by
the rules and regulations thereunder, as amended, including, without limitation,
12 CFR part 34.41 to 34.47.

     "Flood Hazard Property" has the meaning specified in Section 5.01(d)(iv).

     "Foreign Lender" has the meaning specified in Section 11.15(a)(i).

     "FRB" means the Board of Governors of the Federal Reserve System of the
United States.

     "Fully Satisfied" means, with respect to the Obligations as of any date,
that, as of such date, (a) all principal of and interest accrued to such date
which constitute Obligations shall have been irrevocably paid in full in cash,
(b) all fees, expenses and other amounts then due and payable which constitute
Obligations shall have been irrevocably paid in cash and (c) the Commitments
shall have expired or been terminated in full.

     "GAAP" means generally accepted accounting principles in the United States
set forth in the opinions and pronouncements of the Accounting Principles Board
and the American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board or such other
principles as may be approved by a significant segment of the accounting
profession in the United States, that are applicable to the circumstances as of
the date of determination, consistently applied.

     "Governmental Authority" means any nation or government, any state or other
political subdivision thereof, any agency, authority, instrumentality,
regulatory body, court, administrative tribunal, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government.

     "Guarantee" means, as to any Person, any (a) any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation payable or performable by
another Person (the "primary obligor") in any manner, whether directly or
indirectly, and including any obligation of such Person, direct or indirect, (i)
to purchase or pay (or advance or supply funds for the purchase or payment of)
such Indebtedness or other obligation, (ii) to purchase or lease property,
securities or services for the purpose of assuring the obligee in respect of
such Indebtedness or other obligation of the payment or performance of such
Indebtedness or other obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of
income or cash flow of the primary obligor so as to enable the primary obligor
to pay such Indebtedness or other obligation, or (iv) entered into for the
purpose of assuring in any other manner the obligee in respect of such
Indebtedness or other obligation of the payment or performance thereof or to
protect such obligee against loss in respect thereof (in whole or in part), or
(b) any Lien on any assets of such Person securing any Indebtedness or other
obligation of any other Person, whether or not such Indebtedness or other
obligation is assumed by such Person. The amount of any Guarantee shall be
deemed to be an amount equal to the stated or determinable amount of the related
primary obligation, or portion thereof, in respect of which such Guarantee is
made or, if not stated or determinable, the maximum reasonably anticipated
liability in respect thereof as determined by the guaranteeing Person in good
faith. The term "Guarantee" as a verb has a corresponding meaning.

     "Guarantors" shall mean a collective reference to Related Guarantors and
the Special Guarantors; and "Guarantor" means either of them, as applicable.

     "Guaranty" means the Guaranty made by the Guarantors in favor of the
Administrative Agent and the Lenders pursuant to Article IV hereof.

     "Hazardous Materials" means all explosive or radioactive substances or
wastes and all hazardous or toxic substances, wastes or other pollutants,
including petroleum or petroleum distillates, asbestos or asbestos-containing
materials, polychlorinated biphenyls, radon gas, infectious or medical wastes
and all other substances or wastes of any nature regulated pursuant to any
Environmental Law.

                                       8

<PAGE>

     "Indebtedness" means, with respect to any Person, without duplication, (a)
all obligations of such Person for borrowed money, (b) all obligations of such
Person evidenced by bonds, debentures, notes or similar instruments, or upon
which interest payments are customarily made, (c) all obligations of such Person
under conditional sale or other title retention agreements relating to Property
purchased by such Person (other than customary reservations or retentions of
title under agreements with suppliers entered into in the ordinary course of
business), (d) all obligations of such Person issued or assumed as the deferred
purchase price of Property or services purchased by such Person (other than
trade debt incurred in the ordinary course of business and due within six months
of the incurrence thereof) which would appear as liabilities on a balance sheet
of such Person, (e) all obligations of such Person under take-or-pay or similar
arrangements or under commodities agreements, (f) the Attributable Indebtedness
of such Person with respect to Capital Leases and Synthetic Lease Obligations,
(g) all net obligations of such Person under Swap Contracts, (h) the principal
portion of all obligations of such Person as an account party in respect of
letters of credit (other than trade letters of credit) and bankers' acceptances,
including, without duplication, all unreimbursed drafts drawn thereunder (less
the amount of any cash collateral securing any such letters of credit or and
bankers' acceptances), (i) all obligations of such Person to repurchase any
securities issued by such Person at any time prior to the Maturity Date which
repurchase obligations are related to the issuance thereof, including, without
limitation, obligations commonly known as residual equity appreciation potential
shares, (j) the aggregate amount of uncollected accounts receivable of such
Person subject at such time to a sale of receivables (or similar transaction) to
the extent such transaction is effected with recourse to such Person (whether or
not such transaction would be reflected on the balance sheet of such Person in
accordance with GAAP), (k) all Indebtedness of others secured by (or for which
the holder of such Indebtedness has an existing right, contingent or otherwise,
to be secured by) any Lien on, or payable out of the proceeds of production
from, Property owned or acquired by such Person, whether or not the obligations
secured thereby have been assumed, (l) all Guarantees of such Person with
respect to Indebtedness of another Person, (m) the Indebtedness of any
partnership or unincorporated joint venture in which such Person is a general
partner or a joint venturer to the extent such Indebtedness is recourse to such
Person and (n) all Off-Balance Sheet Liabilities of such Person. The amount of
any net obligation under any Swap Contract on any date shall be deemed to be the
Swap Termination Value thereof as of such date.

     "Indemnified Liabilities" has the meaning set forth in Section 11.05.

     "Indemnitees" has the meaning set forth in Section 11.05.

     "Interest Payment Date" means each of (a) the Maturity Date and (b) any
date on which any of the Obligations are accelerated pursuant to Article IX
hereof.

     "Investment" in any Person means (a) any Acquisition of such Person, (b)
any other acquisition of Capital Stock, bonds, notes, debentures, partnership,
joint ventures or other ownership interests or other securities of such other
Person, (c) any deposit with, or advance, loan or other extension of credit to,
such Person (other than deposits made in connection with the purchase of
equipment inventory and supplies in the ordinary course of business) or (d) any
other capital contribution to or investment in such Person, including, without
limitation, any Guarantee (including any support for a letter of credit issued
on behalf of such Person) incurred for the benefit of such Person and any
Disposition to such Person for consideration less than the fair market value of
the Property disposed in such transaction, but excluding any Restricted Payment
to such Person. Investments which are capital contributions or purchases of
Capital Stock which have a right to participate in the profits of the issuer
thereof shall be valued at the amount (or, in the case of any Investment made
with Property other than cash, the book value of such Property) actually
contributed or paid (including cash and non-cash consideration and any
assumption of Indebtedness) to purchase such Capital Stock as of the date of
such contribution or payment and attributable to any Investment made after the
Closing Date. Investments which are loans, advances, extensions of credit or
Guarantees shall be valued at the principal amount of such loan, advance or
extension of credit outstanding as of the date of determination or, as
applicable, the principal amount of the loan or advance outstanding as of the
date of determination actually guaranteed by such Guarantees.

     "Irrevocable Direction" means a letter or other writing from the Borrower,
as beneficiary under the Trust Documents, to each of the lessors under the
Approved Leases (in their capacities as trustees under the Trust Documents)
containing: (a) irrevocable (except with the consent of the Administrative
Agent) instructions to each such lessor to direct the tenants under the Approved
Leases to make payments under the Approved Leases in accordance with
instructions given to such tenants by the Administrative Agent and (b)
irrevocable (except with the consent of the Administrative Agent) instructions
to each such lessor not to take any action under the Trust Documents or
otherwise with respect to the Mortgaged Properties, Approved Leases, or any
payments or other mattes associated therewith

                                       9

<PAGE>

without the express written consent of the Administrative Agent; provided, that
such letter or writing shall be in such form as may be required by the terms of
the Trust Documents and by the lessor(s) as trustee(s) thereunder and shall
otherwise be in form and substance acceptable to the Administrative Agent.

     "IRS" means the United States Internal Revenue Service.

     "Laws" means, collectively, all international, foreign, Federal, state and
local statutes, treaties, rules, guidelines, regulations, ordinances, codes and
administrative or judicial precedents or authorities, including the
interpretation or administration thereof by any Governmental Authority charged
with the enforcement, interpretation or administration thereof, and all
applicable administrative orders, directed duties, requests, licenses,
authorizations and permits of, and agreements with, any Governmental Authority,
in each case whether or not having the force of law.

     "Lenders" means a collective reference to the Persons identified as
"Lenders" on the signature pages hereto, together with any Person that
subsequently becomes a Lender by way of assignment in accordance with the terms
of Section 11.7, together with their respective successors, and "Lender" means
any one of them.

     "Lending Office" means, as to any Lender, the office or offices of such
Lender described as such in such Lender's Administrative Questionnaire, or such
other office or offices as a Lender may from time to time notify the Borrower
and the Administrative Agent.

     "LIBOR Rate" means a fluctuating rate of interest equal to the one month
rate of interest (rounded upwards, if necessary to the nearest 1/100 of 1%)
appearing on Telerate Page 3750 (or any successor page) as the one month London
interbank offered rate for deposits in U.S. Dollars at approximately 11:00 a.m.
(London time) on the second preceding Business Day, as adjusted from time to
time in Administrative Agent's sole discretion for then applicable reserve
requirements, deposit insurance assessment rates and other regulatory costs. If
for any reason such rate is not available, the term "LIBOR Rate" shall mean the
fluctuating rate of interest equal to the one month rate of interest (rounded
upwards, if necessary to the nearest 1/100 of 1%) appearing on Reuters Screen
LIBO Page as the one month London interbank offered rate for deposits in U.S.
Dollars at approximately 11:00 a.m. (London time) on the second preceding
Business Day, as adjusted from time to time in Administrative Agent's sole
discretion for then applicable reserve requirements, deposit insurance
assessment rates and other regulatory costs; provided, however, if more than one
rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the
arithmetic mean of all such rates. "Telerate Page 3750" means the British
Bankers Association Libor Rates (determined as of 11:00 a.m. London time) that
are published by Bridge Information Systems, Inc.

     "Lien" as applied to the property of any Person means: (a) any security
interest, encumbrance, mortgage, deed to secure debt, deed of trust, pledge,
lien, charge, ground lease or lease constituting a Capitalized Lease Obligation,
conditional sale or other title retention agreement, or other security title or
encumbrance of any kind in respect of any property of such Person, or upon the
income or profits therefrom; (b) any arrangement, express or implied, under
which any property of such Person is transferred, sequestered or otherwise
identified for the purpose of subjecting the same to the payment of Indebtedness
or performance of any other obligation in priority to the payment of the
general, unsecured creditors of such Person; and (c) any agreement by such
Person to grant, give or otherwise convey any of the foregoing.

     "Loan Documents" means a collective reference to this Agreement, each Term
Note and the Collateral Documents; and "Loan Document" means any one of them.

     "Loan Notice" means a notice of a request for the Advance pursuant to
Section 2.02(a), which shall be substantially in the form of Exhibit A.

     "Loan Parties" means, collectively, the Borrower and each of the Related
Guarantors; and "Loan Party" means any of them.

     "LP Guarantor" shall have the meaning assigned to such term in the
introductory paragraph hereof.

                                       10

<PAGE>

     "LP Guarantor Pledge Agreement" means the pledge agreement in the form of
Exhibit B-2 dated as of the Closing Date executed by the LP Guarantor in favor
of the Collateral Agent for the benefit of the Secured Parties, as amended,
modified, restated or supplemented from time to time.

     "Material Adverse Effect" means (a) a material adverse change in, or a
material adverse effect upon, the operations, business, properties, liabilities
(actual or contingent), condition (financial or otherwise) or prospects of any
Loan Party or Special Guarantor (whether individually or in the aggregate); (b)
a material impairment of the ability of any Loan Party or Special Guarantor to
perform its obligations under any Loan Document to which it is a party; or (c) a
material adverse effect upon the legality, validity, binding effect or
enforceability against the any Loan Party or Special Guarantor of any Loan
Document to which it is a party.

     "Maturity Date" means the date occurring sixty (60) days following the
Closing Date.

     "Maximum Committed Amount" means an amount equal to TWO HUNDRED MILLION AND
NO/100 DOLLARS ($200,000,000.00).

     "Moody's" means Moody's Investors Service, Inc. and any successor thereto.

     "Mortgage Commitments" shall have the meaning given to such term in Section
5.01(d)(iii).

     "Mortgage Instrument" means, with respect to any Mortgaged Property, each
of:

          (a) a first lien priority mortgage, deed of trust or deed to secure
     debt executed by the Borrower in favor of the Collateral Agent with respect
     to its Remainder Interest in such Mortgaged Property; and

          (b) a first lien priority mortgage, deed of trust or deed to secure
     debt executed by each Special Guarantor holding any interest in such
     Mortgaged Property in favor of the Collateral Agent;

provided, that each Mortgage Instrument shall, as a collective whole, encumber
one hundred percent (100.0%) of the real property ownership interests in the
applicable Mortgaged Property subject only to matters set forth on the Mortgage
Commitments applicable thereto; the mortgages, deeds of trust or deeds to secure
debt granted pursuant to either of clauses (a) or (b) above may be combined with
or separate from the mortgages, deeds of trust or deeds to secure debt granted
pursuant to the other clause; and "Mortgage Instrument" means any of the
mortgages, deeds of trust or deeds to secure debt granted with respect to a
Mortgaged Property pursuant to the terms of this Agreement.

     "Mortgaged Property" means any of the parcels of real property listed on
Schedule 1.01(a) attached hereto; and "Mortgaged Properties" means a collective
reference to each of them.

     "Multiemployer Plan" means any employee benefit plan of the type described
in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate
makes or is obligated to make contributions, or during the preceding five plan
years, has made or been obligated to make contributions.

     "Negative Pledge" means a provision of any agreement (other than this
Agreement or any other Loan Document) that prohibits the creation of any Lien on
any assets of a Person.

     "Note" or "Notes" means the Term Notes, individually or collectively, as
appropriate.

     "Obligations" means all advances to, and debts, liabilities, obligations,
covenants and duties of, any Loan Party and any Special Guarantor arising under
any Loan Document or otherwise with respect to any Term Loan, whether direct or
indirect (including those acquired by assumption), absolute or contingent, due
or to become due, now existing or hereafter arising and including interest and
fees that accrue after the commencement by or against any Loan Party, Special
Guarantor or any Affiliate thereof of any proceeding under any Debtor Relief
Laws naming such Person as the debtor in such proceeding, regardless of whether
such interest and fees are allowed claims in such proceeding. The foregoing
shall also include any Swap Contract of any Loan Party to which a Lender or any
Affiliate of such Lender is a party.

                                       11

<PAGE>

     "Off-Balance Sheet Liabilities" means, with respect to any Person, (a) any
repurchase obligation or liability, contingent or otherwise, of such Person with
respect to any accounts or notes receivable sold, transferred or otherwise
disposed of by such Person, (b) any repurchase obligation or liability,
contingent or otherwise, of such Person with respect to property or assets
leased by such Person as lessee and (c) all obligations, contingent or
otherwise, of such Person under any Synthetic Lease, tax retention operating
lease, off balance sheet loan or similar off balance sheet financing if the
transaction giving rise to such obligation (i) is considered Indebtedness for
borrowed money for tax purposes but is classified as an operating lease, (ii)
does not (and is not required pursuant to GAAP to) appear as a liability on the
balance sheet of such Person, (iii) a transaction pursuant to which a tenant
does not take possession of the leased property, or (iv) any leases treated as a
financing for GAAP or tax purposes, but excluding from the forgoing provisions
of this definition any obligations or liabilities of any such Person as lessee
under any operating lease so long as the terms of such operating lease do not
require any payment by or on behalf of such Person at the scheduled termination
date of such operating lease, pursuant to a required purchase by or on behalf of
such Person of the property or assets subject to such operating lease, or under
any arrangements pursuant to which such Person guarantees or otherwise assures
any other Person of the value of the property or assets subject to such
operating lease.

     "Operating Lease" means, as applied to any Person, any lease (including,
without limitation, leases which may be terminated by the lessee at any time) of
any Property (whether real, personal or mixed) which is not a Capital Lease
other than any such lease in which that Person is the lessor.

     "Organization Documents" means, (a) with respect to any corporation, the
certificate or articles of incorporation and the bylaws (or equivalent or
comparable constitutive documents with respect to any non-U.S. jurisdiction);
(b) with respect to any limited liability company, the certificate or articles
of formation or organization and operating agreement; and (c) with respect to
any partnership, joint venture, trust or other form of business entity, the
partnership, joint venture or other applicable agreement of formation or
organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or
organization of such entity.

     "Outstanding Amount" means with respect to the Term Loans on any date, the
aggregate outstanding principal amount thereof as of such date.

     "Parent Guarantor" shall have the meaning assigned to such term in the
introductory paragraph hereof.

     "Parent Guarantor Pledge Agreement" means the pledge agreement in the form
of Exhibit B-1 dated as of the Closing Date executed by the Parent Guarantor in
favor of the Collateral Agent for the benefit of the Secured Parties, as
amended, modified, restated or supplemented from time to time.

     "Participant" has the meaning specified in Section 11.07(d).

     "PBGC" means the Pension Benefit Guaranty Corporation.

     "Pension Plan" means any "employee pension benefit plan" (as such term is
defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is
subject to Title IV of ERISA and is sponsored or maintained by the Borrower or
any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes
or has an obligation to contribute, or in the case of a multiple employer or
other plan described in Section 4064(a) of ERISA, has made contributions at any
time during the immediately preceding five plan years.

     "Permitted Investments" means, at any time, Investments by the Loan Parties
permitted to exist at such time pursuant to the terms of Section 8.02.

     "Permitted Liens" means, (a) with respect to the Mortgaged Properties,
Approved Leases and any rights or interests therein, Liens identified on the
Mortgage Commitments with respect thereto or as otherwise consented to by the
Administrative Agent in writing; and (b) with respect to Property of the Loan
Parties not covered under clause (a) of this definition, Liens permitted to
exist at such time pursuant to the terms of Section 8.01.

                                       12

<PAGE>

     "Person" means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority
or other entity.

     "Plan" means any "employee benefit plan" (as such term is defined in
Section 3(3) of ERISA) established by the Borrower or, with respect to any such
plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA
Affiliate.

     "Pledge Agreements" means a collective reference to the LP Guarantor Pledge
Agreement and the Parent Guarantor Pledge Agreement.

     "Property" means any interest in any kind of property or asset, whether
real, personal or mixed, or tangible or intangible.

     "Pro Rata Share" means as to each Lender that is not a Defaulting Lender,
with respect to such Lender's Commitment at any time, a fraction (expressed as a
percentage, carried out to the ninth decimal place), the numerator of which is
the amount of the Commitment of such Lender at such time and the denominator of
which is the amount of the Aggregate Commitments of all non-Defaulting Lenders
at such time. The initial Pro Rata Share of each Lender is set forth opposite
the name of such Lender on Schedule 2.01 or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as applicable.

     "Purchase Agreement Assignments" means valid, effective and fully executed
assignments by First States Group, L.P. to the Borrower of all rights, title and
interests of First States Group, L.P. in and to the Purchase Agreements or of
all rights, title and interests purchased by First States Group, L.P. pursuant
to the terms of the Purchase Agreements, as applicable.

     "Purchase Agreements" means a collective reference to (a) the Purchase
Agreement (Current Interests) and (b) the Purchase Agreement (Remainder
Interests); and "Purchase Agreement" mean either of them, as applicable.

     "Purchase Agreement (Current Interests)" means that certain Purchase and
Sale Agreement dated as of December 17, 2002 by and among the 1997-C Owner
Trustee, the 1997-D Owner Trustee, the 1997-C Co-Trustee, the 1997-D Co-Trustee,
RENAT, Inc. (as owner of the beneficial interests under the Trust Agreement
(1997-D) dated as of June 4, 1997 and under the Trust Agreement (1997-C) dated
as of June 4, 1997), Dana Commercial Credit Corporation (the sole stockholder of
Renat, Inc.) and First States Group, L.P

     "Purchase Agreement (Remainder Interests)" means that certain Agreement of
Sale and Purchase dated as of January ___, 2003 by and among REMAN 1997-C, Inc.
(as remainderman under the Trust Agreement 1997-C, referenced in the definition
of the term "Trust Agreement" contained herein), REMAN 1997-D, Inc as
remainderman under the Trust Agreement 1997-D, referenced in the definition of
the term "Trust Agreement" contained herein) and First States Group, L.P

     "Register" has the meaning set forth in Section 11.07(c).

     "Related Guarantors" means a collective reference to the LP Guarantor and
the Parent Guarantor; and "Related Guarantor" means either of them, as
applicable.

     "Remainder Interests" means a collective reference to the Remainders (as
such term is defined in the Purchase Agreement (Remainder Interests)) and all
other rights transferred by the Sellers under the Purchase Agreement (Remainder
Interests).

     "Reportable Event" means any of the events set forth in Section 4043(c) of
ERISA, other than events for which the 30 day notice period has been waived.

     "Required Lenders" means, at any time, Lenders holding in the aggregate at
least fifty-one percent (51%) of the unfunded Commitments (and participations
therein) and the outstanding Term Loan, or (b) if the Commitments have been
terminated, the outstanding Term Loan. The unfunded Commitments of, and the
outstanding Term Loan held or

                                       13

<PAGE>

deemed held by, any Defaulting Lender shall be excluded for purposes of making a
determination of Required Lenders.

     "Responsible Officer" means the chief executive officer, president, vice
president, chief financial officer, treasurer or assistant treasurer of a Loan
Party. Any document delivered hereunder that is signed by a Responsible Officer
of a Loan Party shall be conclusively presumed to have been authorized by all
necessary corporate, partnership and/or other action on the part of such Loan
Party and such Responsible Officer shall be conclusively presumed to have acted
on behalf of such Loan Party.

     "Restricted Payment" means (a) any dividend or other payment or
distribution, direct or indirect, on account of any shares of any class of
Capital Stock of any Loan Party, now or hereafter outstanding (including without
limitation any payment in connection with any dissolution, merger, consolidation
or disposition involving any Loan Party), or to the holders, in their capacity
as such, of any shares of any class of Capital Stock of any Loan Party, now or
hereafter outstanding, (b) any redemption, retirement, sinking fund or similar
payment, purchase or other acquisition for value, direct or indirect, of any
shares of any class of Capital Stock of any Loan Party, now or hereafter
outstanding or (c) any payment made to retire, or to obtain the surrender of,
any outstanding warrants, options or other rights to acquire shares of any class
of Capital Stock of any Loan Party, now or hereafter outstanding.

     "S&P" means Standard & Poor's Ratings Services, a division of The
McGraw-Hill Companies, Inc. and any successor thereto.

     "Sale and Leaseback Transaction" means any arrangement pursuant to which
any Loan Party, directly or indirectly, becomes liable as lessee, guarantor or
other surety with respect to any lease, whether an Operating Lease or a Capital
Lease, of any Property (a) which such Loan Party has sold or transferred (or is
to sell or transfer) to a Person which is not a Loan Party or (b) which such
Loan Party intends to use for substantially the same purpose as any other
Property which has been sold or transferred (or is to be sold or transferred) by
such Loan Party to another Person which is not a Loan Party in connection with
such lease.

     "SEC" means the Securities and Exchange Commission, or any Governmental
Authority succeeding to any of its principal functions.

     "Secured Parties" means a collective reference to each Lender, each
Affiliate of a Lender that enters into a Swap Contract, the Collateral Agent and
the Administrative Agent; and "Secured Party" means any one of them.

     "Solvent" or "Solvency" means, with respect to any Person as of a
particular date, that on such date (a) such Person is able to pay its debts and
other liabilities, contingent obligations and other commitments as they mature
in the ordinary course of business, (b) such Person does not intend to, and does
not believe that it will, incur debts or liabilities beyond such Person's
ability to pay as such debts and liabilities mature in their ordinary course,
(c) such Person is not engaged in a business or a transaction, and is not about
to engage in a business or a transaction, for which such Person's Property would
constitute unreasonably small capital after giving due consideration to the
prevailing practice in the industry in which such Person is engaged or is to
engage, (d) the fair value of the Property of such Person is greater than the
total amount of liabilities, including, without limitation, contingent
liabilities, of such Person and (e) the present fair salable value of the assets
of such Person is not less than the amount that will be required to pay the
probable liability of such Person on its debts as they become absolute and
matured. In computing the amount of contingent liabilities at any time, it is
intended that such liabilities will be computed at the amount which, in light of
all the facts and circumstances existing at such time, represents the amount
that can reasonably be expected to become an actual or matured liability.

     "SPE" means a Person whose Organization Documents and other characteristics
satisfy the SPE Requirements.

     "SPE Requirements" means a collective reference to the requirements and
conditions set forth on Exhibit D attached hereto.

     "Special Guarantors" means a collective reference to the 1997-C Owner
Trustee, the 1997-D Owner Trustee, the 1997-C Co-Trustee and the 1997-D
Co-Trustee, in each case in their capacities as guarantors hereunder; and
"Special Guarantor" means any one of them, as applicable.

                                       14

<PAGE>

     "Subsidiary" of a Person means a corporation, partnership, joint venture,
limited liability company or other business entity of which a majority of the
shares of Capital Stock having ordinary voting power for the election of
directors or other governing body (other than Capital Stock having such power
only by reason of the happening of a contingency) are at the time beneficially
owned, or the management of which is otherwise controlled, directly, or
indirectly through one or more intermediaries, or both, by such Person.

     "Swap Contract" means (a) any and all rate swap transactions, basis swaps,
credit derivative transactions, forward rate transactions, commodity swaps,
commodity options, forward commodity contracts, equity or equity index swaps or
options, bond or bond price or bond index swaps or options or forward bond or
forward bond price or forward bond index transactions, interest rate options,
forward foreign exchange transactions, cap transactions, floor transactions,
collar transactions, currency swap transactions, cross-currency rate swap
transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options
to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions
of any kind, and the related confirmations, which are subject to the terms and
conditions of, or governed by, any form of master agreement published by the
International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master agreement (any such master
agreement, together with any related schedules, a "Master Agreement"), including
any such obligations or liabilities under any Master Agreement.

     "Swap Termination Value" means, in respect of any one or more Swap
Contracts, after taking into account the effect of any legally enforceable
netting agreement relating to such Swap Contracts, (a) for any date on or after
the date such Swap Contracts have been closed out and termination value(s)
determined in accordance therewith, such termination value(s), and (b) for any
date prior to the date referenced in clause (a), the amount(s) determined as the
mark-to-market value(s) for such Swap Contracts, as determined based upon one or
more mid-market or other readily available quotations provided by any recognized
dealer in such Swap Contracts (which may include a Lender or any Affiliate of a
Lender).

     "Synthetic Lease Obligation" means the monetary obligation of a Person
under (a) a so-called synthetic, off-balance sheet or tax retention lease, or
(b) an agreement for the use or possession of property creating obligations that
do not appear on the balance sheet of such Person but which, upon the insolvency
or bankruptcy of such Person, would be characterized as the indebtedness of such
Person (without regard to accounting treatment).

     "Tangible Net Worth" means, for any Person as of a given date, total
stockholder's (or equivalent owner's) equity of such Person, excluding (to the
extent reflected in determining stockholders' (or equivalent owner's) equity of
such Person) (a) accumulated depreciation and amortization and (b) the aggregate
amount of all assets which would be properly classified as intangible assets
under GAAP.

     "Term Loan" and "Term Loans" each has the meaning specified in Section
2.01.

     "Term Note" has the meaning specified in Section 2.01; and "Term Notes"
means any one of them.

     "Threshold Amount" means (a) with respect to the Borrower or the Parent
Guarantor, $1,000,000.00 and (b) with respect to the LP Guarantor $5,000,000.00.

     "TL/TA Ratio" means, as to any Person and as of any date of calculation, an
amount equal to (a) Total Liabilities of such Person, divided by (b) Total
Assets of such Person.

     "Total Assets" means, as to any Person, the total assets of such Person, as
determined in accordance with GAAP.

     "Total Liabilities" means, as to any Person, the total liabilities of such
Person, as determined in accordance with GAAP.

     "Trust Agreements" means a collective reference to (a) the 1997-C Trust
Agreement; (b) the 1997-D Trust Agreement; and (c) and any and all documents,
instruments, agreements and other arrangements issued or delivered pursuant to
or otherwise related to any of the foregoing, including without limitation, the
"Participation Agreements", as

                                       15

<PAGE>

referenced in each of them and the "Operative Documents", as referenced in each
of them (in each case as the same may be amended, modified, restated,
supplemented, extended, renewed or replaced from time to time).

     "Trust Documents" means a collective reference to each of (a) the Trust
Indentures; (b) the Trust Agreements; (c) the Participation Agreements; and (d)
all other related agreements, instruments and documents issued or delivered
thereunder or pursuant thereto, (in each case as the same may be amended,
modified, restated, supplemented, extended, renewed or replaced from time to
time); and "Trust Document" means either of them.

     "Trust Indentures" means a collective reference to (a) that certain
Indenture, Mortgage, Deed of Trust, Deed to Secure Debt, Assignment of Leases
and Rents, Security Agreement and Financing Statement dated as of June 4, 1997
by and among State Street Bank and Trust Company of Connecticut, National
Association (in its capacity as Owner Trustee under the 1997-C Trust Agreement),
as a Grantor, Traci Hopkins (in her capacity as a Co-Trustee under the 1997-C
Trust Agreement), as Grantor, REMAN 1997-C, Inc., as Remainderman and LaSalle
National Bank, as Indenture Trustee, Beneficiary, Mortgagee and Grantee; and (b)
that certain Indenture, Mortgage, Deed of Trust, Deed to Secure Debt, Assignment
of Leases and Rents, Security Agreement and Financing Statement dated as of June
4, 1997 by and among State Street Bank and Trust Company of Connecticut,
National Association (in its capacity as Owner Trustee under the 1997-D Trust
Agreement), as a Grantor, Traci Hopkins (in her capacity as a Co-Trustee under
the 1997-D Trust Agreement), as Grantor, REMAN 1997-D, Inc., as Remainderman and
LaSalle National Bank, as Indenture Trustee, Beneficiary, Mortgagee and Grantee
(in each case as the same may be amended, modified, restated, supplemented,
extended, renewed or replaced from time to time)

     "Unfunded Pension Liability" means the excess of a Pension Plan's benefit
liabilities under Section 4001(a)(16) of ERISA, over the current value of that
Pension Plan's assets, determined in accordance with the assumptions used for
funding the Pension Plan pursuant to Section 412 of the Code for the applicable
plan year.

     "United States" and "U.S." mean the United States of America.

     1.02 Other Interpretive Provisions.

     With reference to this Agreement and each other Loan Document, unless
otherwise specified herein or in such other Loan Document:

          (a) The meanings of defined terms are equally applicable to the
     singular and plural forms of the defined terms.

          (b) (i)   The words "herein," "hereto," "hereof" and "hereunder" and
     words of similar import when used in any Loan Document shall refer to such
     Loan Document as a whole and not to any particular provision thereof.

              (ii)  Article, Section, Exhibit and Schedule references are to
          the Loan Document in which such reference appears.

              (iii) The term "including" is by way of example and not
          limitation.

              (iv)  The term "documents" includes any and all instruments,
          documents, agreements, certificates, notices, reports, financial
          statements and other writings, however evidenced, whether in physical
          or electronic form.

          (c) Section headings herein and in the other Loan Documents are
     included for convenience of reference only and shall not affect the
     interpretation of this Agreement or any other Loan Document.

     1.03 Accounting Terms.

     (a)  Except as otherwise specifically prescribed herein, all accounting
terms not specifically or completely defined herein shall be construed in
conformity with, and all financial data (including financial ratios and other
financial calculations) required to be submitted pursuant to this Agreement
shall be prepared in conformity

                                       16

<PAGE>

with, GAAP applied on a consistent basis, as in effect from time to time,
applied in a manner consistent with that used in preparing the Delivered
Financial Statements; provided, however, that calculations of Attributable
Indebtedness under any Synthetic Lease Obligations or the implied interest
component of any Synthetic Lease Obligations shall be made by the Borrower in
accordance with accepted financial practice and consistent with the terms of
such Synthetic Lease Obligations.

     (b)  If at any time any change in GAAP would affect the computation of any
financial ratio, requirement or calculation set forth in any Loan Document, and
either the Borrower or the Required Lenders shall so request, the Administrative
Agent, the Lenders and the Borrower shall negotiate in good faith to amend such
ratio, requirement or calculation to preserve the original intent thereof in
light of such change in GAAP (subject to the approval of the Required Lenders);
provided that, until so amended, (i) such ratio, requirement or calculation
shall continue to be computed in accordance with GAAP prior to such change
therein and (ii) the Borrower shall provide to the Administrative Agent and the
Lenders financial statements and other documents required under this Agreement
or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to
such change in GAAP.

     1.04 Rounding.

     Any financial ratios required to be maintained by the Borrower pursuant to
this Agreement shall be calculated by dividing the appropriate component by the
other component, carrying the result to one place more than the number of places
by which such ratio is expressed herein and rounding the result up or down to
the nearest number (with a rounding-up if there is no nearest number).

     1.05 References to Agreements and Laws.

     Unless otherwise expressly provided herein, (a) references to Organization
Documents, agreements (including the Loan Documents) and other contractual
instruments shall be deemed to include all subsequent amendments, restatements,
extensions, supplements and other modifications thereto, but only to the extent
that such amendments, restatements, extensions, supplements and other
modifications are not prohibited by any Loan Document; and (b) references to any
Law shall include all statutory and regulatory provisions consolidating,
amending, replacing, supplementing or interpreting such Law.

     1.06 Times of Day.

     Unless otherwise specified, all references herein to times of day shall be
references to Eastern time (daylight or standard, as applicable).

                                   ARTICLE II
                      THE COMMITMENTS AND CREDIT EXTENSIONS

     2.01 Term Loan; Term Note.

     Subject to the terms and conditions set forth herein, each Lender severally
agrees to make a loan (each such loan, a "Term Loan" and, collectively, the
"Term Loans") to the Borrower in an aggregate amount not to exceed the amount of
such Lender's Commitment. Amounts repaid on the Term Loans may not be
reborrowed. The Borrower shall make principal and interest payments on the Term
Loans in accordance with the terms hereof. Each Term Loan shall be evidenced by
a promissory note of the Borrower to the appropriate Lender in substantially the
form of Exhibit C (each a "Term Note").

     2.02 Borrowing Procedures.

     (a)  Notwithstanding anything contained herein to the contrary, (i) the
Borrower shall be entitled to no more than one advance (the "Advance") of the
Term Loans hereunder, (ii) the Advance shall be in an amount equal to or less
than the Maximum Committed Amount and (iii) to the extent the Borrower has not
requested the Advance on or before February 28, 2003, this Note and the Lenders'
respective obligations and commitments to make the Term Loans

                                       17

<PAGE>

shall automatically terminate without notice to the Borrower; provided, however,
that Borrower shall remain responsible for payment of all costs and expenses
incurred by the Administrative Agent in accordance with Sections 5.01(l) and
11.04 hereof and for all applicable fees due and owing pursuant to the terms
hereof. The Borrower shall submit an appropriate Loan Notice to the
Administrative Agent not later than 11:00 A.M. (Charlotte, North Carolina time)
on the Business Day most nearly preceding the date on which it desires to
receive the Advance (which date shall be a Business Day). Such Loan Notice shall
be irrevocable, shall specify the amount of the advance requested and the date
on which it request the Advance to be made and shall contain certifications of
an Responsible Officer of the Borrower stating that each of the conditions set
forth in Section 5.01 hereof for the making of the Advance have been satisfied
as of the date of such requested Advance.

         (b)  Following receipt of a Loan Notice, the Administrative Agent shall
promptly notify each Lender of the amount of its Pro Rata Share of the Advance
requested therein and each Lender shall make an its Term Loan (in an amount not
to exceed such Lender's Commitment) available to the Administrative Agent in
immediately available funds at the Administrative Agent's Office not later than
1:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon
satisfaction of the applicable conditions set forth in Section 5.01, the
Administrative Agent shall make all funds so received available to the Borrower
in like funds as received by the Administrative Agent by wire transfer of such
funds in accordance with instructions provided to (and reasonably acceptable to)
the Administrative Agent by the Borrower.

         2.03 Principal and Interest Payments and Calculation.

         (a)  Principal Payments. Except to the extent accelerated or otherwise
due sooner pursuant to the provisions hereof or of any other Loan Document, the
Borrower shall not be required to make any principal payments on the Term Loans
until the Maturity Date. The entire principal balance of the Term Loans shall be
due and payable as of the Maturity Date. Notwithstanding anything to the
contrary contained herein, to the extent the principal balance of the Term Loans
is accelerated pursuant to the terms of the Loan Documents, the entire
outstanding principal balance of the Term Loans and all other amounts due under
the Loan Documents shall be immediately due and payable as of the date of such
acceleration.

         (b)  Interest.

              (i)  Interest Payment Dates. Borrower shall pay all accrued
         interest on the Term Loans on each Interest Payment Date.

              (ii) Interest Rate and Computation. Subject to the provisions
         of Section 2.03(c), interest shall accrue on the outstanding principal
         balance of the Term Loans at the Adjusted LIBOR Rate. All computations
         of interest and fees hereunder shall be made on the basis of the actual
         number of days elapsed over a year of 360 days. Interest hereunder
         shall be due and payable in accordance with the terms hereof before and
         after judgment, and before and after the commencement of any proceeding
         under any Debtor Relief Law. Interest shall accrue on each Term Loan
         for the day on which the Advance is made, and shall not accrue on the
         Term Loans, or any portion thereof, for the day on which the Term Loans
         or such portion is paid, provided that to the extent any portion of the
         Term Loans is repaid on the same day on which they are made, such
         portion of the Term Loans shall bear interest for one day.

         (c)  Default Rate. If any amount payable by the Borrower under any Loan
Document is not paid when due (without regard to any applicable grace periods),
whether at stated maturity, by acceleration or otherwise, such amount shall
thereafter bear interest at a fluctuating interest rate per annum at all times
equal to the Default Rate to the fullest extent permitted by applicable Laws.
Furthermore, upon the request of the Required Lenders, while any Event of
Default exists, the Borrower shall pay interest on the principal amount of all
outstanding Obligations hereunder at a fluctuating interest rate per annum at
all times equal to the Default Rate to the fullest extent permitted by
applicable Laws. Accrued and unpaid interest on past due amounts (including
interest on past due interest) shall be due and payable upon demand.

         (d)  Maximum Interest Rate. Regardless of any provision of any Loan
Document, if for any reason the effective interest hereunder should exceed the
maximum lawful interest, the effective interest hereunder shall be deemed
reduced to, and shall be, such maximum lawful interest, and (i) the amount which
would be excessive

                                       18

<PAGE>

interest shall be deemed applied to the reduction of the principal amount of the
Term Loans and not to the payment of interest, and (ii) if the Term Loans have
been or are thereby paid in full, the excess shall be returned to the party
paying same, such application to the principal amount of the Term Loans or the
refunding of excess to be a complete settlement and acquittance thereof.

         2.04 Prepayments.

         (a)  Voluntary Prepayments of Loans. The Borrower may, upon notice to
the Administrative Agent, at any time or from time to time voluntarily prepay
the Term Loans in whole or in part without premium or penalty; provided that (i)
such notice must be received by the Administrative Agent not later than 11:00
a.m. on the date which is one (1) Business Day prior to the date of such
prepayment; and (ii) any such prepayment shall be in a principal amount of
$5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the
entire principal amount thereof then outstanding). The Administrative Agent will
promptly notify each Lender of its receipt of each such notice, and of the
amount of such Lender's Pro Rata Share of such prepayment. If such notice is
given by the Borrower, the Borrower shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified
therein. Any prepayment of the Term Loans or any portion thereof shall be
accompanied by all accrued interest on the portion prepaid, together with any
additional amounts required pursuant to Article III hereof. Each such prepayment
shall be applied to the Term Loans of the Lenders in accordance with their
respective Pro Rata Shares.

         (b)  Mandatory Prepayments.

              (i)  Outstanding Principal in Excess of Aggregate Commitments.
         If for any reason the Outstanding Amount at any time exceed the
         Aggregate Commitments then in effect, the Borrower shall immediately
         prepay the Term Loans in an aggregate amount equal to such excess.

              (ii) Application of Mandatory Prepayments. All amounts required
         to be paid pursuant to this Section 2.04(b) shall be applied to Term
         Loans of the Lenders in accordance with their respective Pro Rata
         Shares. All prepayments under this Section 2.04(b) shall be subject to
         Article III, but otherwise without premium or penalty, and shall be
         accompanied by interest on the principal amount prepaid through the
         date of prepayment.

         2.05 Evidence of Debt.

         The Term Loan made by each Lender shall be evidenced by one or more
accounts or records maintained by such Lender and by the Administrative Agent in
the ordinary course of business. The accounts or records maintained by the
Administrative Agent and each Lender shall be conclusive absent manifest error
of the amount of the Term Loans made by the Lenders to the Borrower and the
interest and payments thereon. Any failure to so record or any error in doing so
shall not, however, limit or otherwise affect the obligation of the Borrower
hereunder to pay any amount owing with respect to the Obligations. In the event
of any conflict between the accounts and records maintained by any Lender and
the accounts and records of the Administrative Agent in respect of such matters,
the accounts and records of the Administrative Agent shall control in the
absence of manifest error.

         2.06 Payments Generally.

         (a)  All payments to be made by the Borrower shall be made without
condition or deduction for any counterclaim, defense, recoupment or setoff.
Except as otherwise expressly provided herein, all payments by the Borrower
hereunder shall be made to the Administrative Agent, for the account of the
respective Lenders to which such payment is owed, at the Administrative Agent's
Office in Dollars and in immediately available funds not later than 2:00 p.m. on
the date specified herein. The Administrative Agent will promptly distribute to
each Lender its Pro Rata Share (or other applicable share as provided herein) of
such payment in like funds as received by wire transfer to such Lender's Lending
Office. All payments received by the Administrative Agent after 2:00 p.m. shall
be deemed received on the next succeeding Business Day and any applicable
interest or fee shall continue to accrue.

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<PAGE>

         (b)  If any payment to be made by the Borrower shall come due on a day
other than a Business Day, payment shall be made on the next following Business
Day, and such extension of time shall be reflected in computing interest or
fees, as the case may be.

         (c)  Unless the Borrower or any Lender has notified the Administrative
Agent, prior to the date any payment is required to be made by it to the
Administrative Agent hereunder, that the Borrower or such Lender, as the case
may be, will not make such payment, the Administrative Agent may assume that the
Borrower or such Lender, as the case may be, has timely made such payment and
may (but shall not be so required to), in reliance thereon, make available a
corresponding amount to the Person entitled thereto. If and to the extent that
such payment was not in fact made to the Administrative Agent in immediately
available funds, then:

              (i) if the Borrower failed to make such payment, each Lender
         shall forthwith on demand repay to the Administrative Agent the
         portion of such assumed payment that was made available to such Lender
         in immediately available funds, together with interest thereon in
         respect of each day from and including the date such amount was made
         available by the Administrative Agent to such Lender to the date such
         amount is repaid to the Administrative Agent in immediately available
         funds at the Federal Funds Rate from time to time in effect; and

              (ii) if any Lender failed to make such payment, such Lender shall
         forthwith on demand pay to the Administrative Agent the amount thereof
         in immediately available funds, together with interest thereon for the
         period from the date such amount was made available by the
         Administrative Agent to the Borrower to the date such amount is
         recovered by the Administrative Agent (the "Compensation Period") at a
         rate per annum equal to the Federal Funds Rate from time to time in
         effect. If such Lender pays such amount to the Administrative Agent,
         then such amount shall constitute such Lender's Term Loan included in
         the Advance. If such Lender does not pay such amount forthwith upon
         the Administrative Agent's demand therefor, the Administrative Agent
         may make a demand therefor upon the Borrower, and the Borrower shall
         pay such amount to the Administrative Agent, together with interest
         thereon for the Compensation Period at a rate per annum equal to the
         Adjusted LIBOR Rate. Nothing herein shall be deemed to relieve any
         Lender from its obligation to fulfill its Commitment or to prejudice
         any rights which the Administrative Agent or the Borrower may have
         against any Lender as a result of any default by such Lender
         hereunder.

         A notice of the Administrative Agent to any Lender or the Borrower with
respect to any amount owing under this subsection (c) shall be conclusive,
absent manifest error.

         (d)  If any Lender makes available to the Administrative Agent funds
for any Loan to be made by such Lender as provided in the foregoing provisions
of this Article II, and such funds are not made available to the Borrower by the
Administrative Agent because the conditions precedent set forth in Article V are
not satisfied or waived in accordance with the terms hereof, the Administrative
Agent shall return such funds (in like funds as received from such Lender) to
such Lender, without interest.

         (e)  The obligations of the Lenders hereunder to make their respective
Term Loans are several and not joint. The failure of any Lender to make any Term
Loan on any date required hereunder shall not relieve any other Lender of its
corresponding obligation to do so on such date, and no Lender shall be
responsible for the failure of any other Lender to so make its Term Loan.

         (f)  Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Term Loan in any particular place or manner or to constitute a
representation by any Lender that it has obtained or will obtain the funds for
any Term Loan in any particular place or manner.

         2.07 Sharing of Payments.

         If, other than as expressly provided elsewhere herein, any Lender shall
obtain on account of the Term Loan made by it any payment (whether voluntary,
involuntary, through the exercise of any right of set-off, or otherwise) in
excess of its ratable share (or other share contemplated hereunder) thereof,
such Lender shall immediately (a) notify the Administrative Agent of such fact,
and (b) purchase from the other Lenders such participations in the

                                       20

<PAGE>

Term Loans made by them as shall be necessary to cause such purchasing Lender to
share the excess payment in respect of such Term Loans or such participations,
as the case may be, pro rata with each of them; provided, however, that if all
or any portion of such excess payment is thereafter recovered from the
purchasing Lender under any of the circumstances described in Section 11.06
(including pursuant to any settlement entered into by the purchasing Lender in
its discretion), such purchase shall to that extent be rescinded and each other
Lender shall repay to the purchasing Lender the purchase price paid therefor,
together with an amount equal to such paying Lender's ratable share (according
to the proportion of (i) the amount of such paying Lender's required repayment
to (ii) the total amount so recovered from the purchasing Lender) of any
interest or other amount paid or payable by the purchasing Lender in respect of
the total amount so recovered, without further interest thereon. The Borrower
agrees that any Lender so purchasing a participation from another Lender may, to
the fullest extent permitted by law, exercise all its rights of payment
(including the right of set-off, but subject to Section 11.09) with respect to
such participation as fully as if such Lender were the direct creditor of the
Borrower in the amount of such participation. The Administrative Agent will keep
records (which shall be conclusive and binding in the absence of manifest error)
of participations purchased under this Section and will in each case notify the
Lenders following any such purchases or repayments. Each Lender that purchases a
participation pursuant to this Section shall from and after such purchase have
the right to give all notices, requests, demands, directions and other
communications under this Agreement with respect to the portion of the
Obligations purchased to the same extent as though the purchasing Lender were
the original owner of the Obligations purchased.

                                  ARTICLE III
                     TAXES, YIELD PROTECTION AND ILLEGALITY

         3.01 Taxes.

         (a)  Any and all payments by any Loan Party or Special Guarantor to or
for the account of the Administrative Agent or any Lender under any Loan
Document shall be made free and clear of and without deduction for any and all
present or future taxes, duties, levies, imposts, deductions, assessments, fees,
withholdings or similar charges, and all liabilities with respect thereto,
excluding, in the case of the Administrative Agent and each Lender, taxes
imposed on or measured by its overall net income, and franchise taxes imposed on
it (in lieu of net income taxes), by the jurisdiction (or any political
subdivision thereof) under the Laws of which the Administrative Agent or such
Lender, as the case may be, is organized or maintains a lending office (all such
non-excluded taxes, duties, levies, imposts, deductions, assessments, fees,
withholdings or similar charges, and liabilities being hereinafter referred to
as "Taxes"). If any Loan Party or Special Guarantor shall be required by any
Laws to deduct any Taxes from or in respect of any sum payable under any Loan
Document to the Administrative Agent or any Lender, (i) the sum payable shall be
increased as necessary so that after making all required deductions (including
deductions applicable to additional sums payable under this Section), each of
the Administrative Agent and such Lender receives an amount equal to the sum it
would have received had no such deductions been made, (ii) such Loan Party or
Special Guarantor shall make such deductions, (iii) such Loan Party or Special
Guarantor shall pay the full amount deducted to the relevant taxation authority
or other authority in accordance with applicable Laws, and (iv) within 30 days
after the date of such payment, such Loan Party or Special Guarantor shall
furnish to the Administrative Agent (which shall forward the same to such
Lender) the original or a certified copy of a receipt evidencing payment
thereof.

         (b)  In addition, the Borrower agrees to pay any and all present or
future stamp, court or documentary taxes and any other excise or property taxes
or charges or similar levies which arise from any payment made under any Loan
Document or from the execution, delivery, performance, enforcement or
registration of, or otherwise with respect to, any Loan Document (hereinafter
referred to as "Other Taxes").

         (c)  If the Borrower shall be required to deduct or pay any Taxes or
Other Taxes from or in respect of any sum payable under any Loan Document to the
Administrative Agent or any Lender, the Borrower shall also pay to the
Administrative Agent or to such Lender, as the case may be, at the time interest
is paid, such additional amount that the Administrative Agent or such Lender
specifies is necessary to preserve the after-tax yield (after factoring in all
taxes, including taxes imposed on or measured by net income) that the
Administrative Agent or such Lender would have received if such Taxes or Other
Taxes had not been imposed.

                                       21

<PAGE>

         (d)  The Borrower agrees to indemnify the Administrative Agent and each
Lender for (i) the full amount of Taxes and Other Taxes (including any Taxes or
Other Taxes imposed or asserted by any jurisdiction on amounts payable under
this Section) paid by the Administrative Agent and such Lender, (ii) amounts
payable under Section 3.01(c) and (iii) any liability (including additions to
tax, penalties, interest and expenses) arising therefrom or with respect
thereto, in each case whether or not such Taxes or Other Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. Payment
under this subsection (d) shall be made within 30 days after the date the Lender
or the Administrative Agent makes a demand therefor.

         3.02 Increased Cost and Reduced Return; Capital Adequacy; Reserves on
              Loans.

         (a)  If any Lender determines that as a result of the introduction of
or any change in or in the interpretation of any Law, or such Lender's
ompliance therewith, there shall be any increase in the cost to such Lender of
agreeing to make or making, funding or maintaining the Term Loans or a reduction
in the amount received or receivable by such Lender in connection with any of
the foregoing (excluding for purposes of this subsection (a) any such increased
costs or reduction in amount resulting from (i) Taxes or Other Taxes (as to
which Section 3.01 shall govern), (ii) changes in the basis of taxation of
overall net income or overall gross income by the United States or any foreign
jurisdiction or any political subdivision of either thereof under the Laws of
which such Lender is organized or has its Lending Office, and (iii) reserve
requirements contemplated by Section 3.02(c)), then from time to time upon
demand of such Lender (with a copy of such demand to the Administrative Agent),
the Borrower shall pay to such Lender such additional amounts as will compensate
such Lender for such increased cost or reduction.

         (b)  If any Lender determines that the introduction of any Law
regarding capital adequacy or any change therein or in the interpretation
thereof, or compliance by such Lender (or its Lending Office) therewith, has the
effect of reducing the rate of return on the capital of such Lender or any
corporation controlling such Lender as a consequence of such Lender's
obligations hereunder (taking into consideration its policies with respect to
capital adequacy and such Lender's desired return on capital), then from time to
time upon demand of such Lender (with a copy of such demand to the
Administrative Agent), the Borrower shall pay to such Lender such additional
amounts as will compensate such Lender for such reduction.

         (c)  The Borrower shall pay to each Lender, as long as such Lender
shall be required to maintain reserves with respect to liabilities or assets
consisting of or including Eurocurrency funds or deposits (currently known as
"Eurocurrency liabilities"), additional interest on the unpaid principal amount
of each Term Loan equal to the actual costs of such reserves allocated to such
Term Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive), which shall be due and payable on each date
on which interest is payable on such Term Loan.

         3.03 Funding Losses.

         Upon demand of any Lender (with a copy to the Administrative Agent)
from time to time, the Borrower shall promptly compensate such Lender for and
hold such Lender harmless from any loss, cost or expense incurred by it as a
result of:

              (a) any payment or prepayment of any Term Loan on a day other
         than on the Maturity Date (whether voluntary, mandatory, automatic, by
         reason of acceleration, or otherwise); or

              (b) any failure by the Borrower (for a reason other than the
         failure of such Lender to make a Term Loan) to prepay or borrow any
         Term Loan on the date or in the amount notified by the Borrower;

including any loss of anticipated profits and any loss or expense arising from
the liquidation or reemployment of funds obtained by it to maintain such Term
Loan or from fees payable to terminate the deposits from which such funds were
obtained. The Borrower shall also pay any customary administrative fees charged
by such Lender in connection with the foregoing.

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<PAGE>

         3.04 Matters Applicable to all Requests for Compensation.

         A certificate of the Administrative Agent or any Lender claiming
compensation under this Article III and setting forth the additional amount or
amounts to be paid to it hereunder shall be conclusive in the absence of
manifest error. In determining such amount, the Administrative Agent or such
Lender may use any reasonable averaging and attribution methods.

         3.05 Survival.

         All of the Borrower's obligations under this Article III shall survive
termination of the Aggregate Commitments and repayment of all other Obligations
hereunder.

                                   ARTICLE IV
                                    GUARANTY

         4.01 The Guaranty.

         Each of the Guarantors hereby jointly and severally guarantees to each
Lender, each Affiliate of a Lender that enters into a Swap Contract with the
Borrower, and the Administrative Agent, as primary obligor and not as surety,
the prompt payment of the Obligations in full when due (whether at stated
maturity, as a mandatory prepayment, by acceleration, as a mandatory cash
collateralization or otherwise) strictly in accordance with the terms thereof.
The Guarantors hereby further agree that if any of the Obligations are not paid
in full when due (whether at stated maturity, as a mandatory prepayment, by
acceleration, as a mandatory cash collateralization or otherwise), the
Guarantors will, jointly and severally, promptly pay the same, without any
demand or notice whatsoever, and that in the case of any extension of time of
payment or renewal of any of the Obligations, the same will be promptly paid in
full when due (whether at extended maturity, as a mandatory prepayment, by
acceleration, as a mandatory cash collateralization or otherwise) in accordance
with the terms of such extension or renewal.

         Notwithstanding any provision to the contrary contained herein or in
any other of the Loan Documents or Swap Contracts: (a) the obligations of each
Guarantor under this Agreement and the other Loan Documents shall be limited to
an aggregate amount equal to the largest amount that would not render such
obligations subject to avoidance under the Debtor Relief Laws or any comparable
provisions of any applicable state law; and (b) the obligations and liabilities
of each Special Guarantor under this Agreement and the other Loan Documents
shall be limited to each such Special Guarantor's right, title and interest in
the Mortgaged Properties, the Approved Leases and all proceeds and products
thereof and any other property constituting a portion of the corpus under the
owner trust created pursuant to the terms of the Trust Documents.

         4.02 Obligations Unconditional.

         The obligations of the Guarantors under Section 4.01 are joint and
several, absolute and unconditional, irrespective of the value, genuineness,
validity, regularity or enforceability of any of the Loan Documents or Swap
Contracts, or any other agreement or instrument referred to therein, or any
substitution, release, impairment or exchange of any other guarantee of or
security for any of the Obligations, and, to the fullest extent permitted by
applicable law, irrespective of any other circumstance whatsoever which might
otherwise constitute a legal or equitable discharge or defense of a surety or
guarantor, it being the intent of this Section 4.02 that the obligations of the
Guarantors hereunder shall be absolute and unconditional under any and all
circumstances. Each Guarantor agrees that such Guarantor shall have no right of
subrogation, indemnity, reimbursement or contribution against the Borrower or
any other Guarantor for amounts paid under this Article IV until such time as
the Obligations have been Fully Satisfied. Without limiting the generality of
the foregoing, it is agreed that, to the fullest extent permitted by law, the
occurrence of any one or more of the following shall not alter or impair the
liability of any Guarantor hereunder which shall remain absolute and
unconditional as described above:

              (a) at any time or from time to time, without notice to any
         Guarantor, the time for any performance of or compliance with any of
         the Obligations shall be extended, or such performance or compliance
         shall be waived;

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<PAGE>

                  (b) any of the acts mentioned in any of the provisions of any
         of the Loan Documents, any Swap Contract between Borrower and any
         Lender, or any Affiliate of a Lender, or any other agreement or
         instrument referred to in the Loan Documents or such Swap Contracts
         shall be done or omitted;

                  (c) the maturity of any of the Obligations shall be
         accelerated, or any of the Obligations shall be modified, supplemented
         or amended in any respect, or any right under any of the Loan
         Documents, any Swap Contract between Borrower and any Lender, or any
         Affiliate of a Lender, or any other agreement or instrument referred to
         in the Loan Documents or such Swap Contracts shall be waived or any
         other guarantee of any of the Obligations or any security therefor
         shall be released, impaired or exchanged in whole or in part or
         otherwise dealt with;

                  (d) any Lien granted to, or in favor of, the Administrative
         Agent or any Lender or Lenders as security for any of the Obligations
         shall fail to attach or be perfected; or

                  (e) any of the Obligations shall be determined to be void or
         voidable (including, without limitation, for the benefit of any
         creditor of any Guarantor) or shall be subordinated to the claims of
         any Person (including, without limitation, any creditor of any
         Guarantor).

         With respect to its obligations hereunder, each Guarantor hereby
expressly waives diligence, presentment, demand of payment, protest and all
notices whatsoever, and any requirement that the Administrative Agent or any
Lender exhaust any right, power or remedy or proceed against any Person under
any of the Loan Documents, any Swap Contract between Borrower and any Lender, or
any Affiliate of a Lender, or any other agreement or instrument referred to in
the Loan Documents or such Swap Contracts, or against any other Person under any
other guarantee of, or security for, any of the Obligations.

         4.03     Reinstatement.

         The obligations of the Guarantors under this Article IV shall be
automatically reinstated if and to the extent that for any reason any payment by
or on behalf of any Person in respect of the Obligations is rescinded or must be
otherwise restored by any holder of any of the Obligations, whether as a result
of any proceedings in bankruptcy or reorganization or otherwise, and each
Guarantor agrees that it will indemnify the Administrative Agent and each Lender
on demand for all reasonable costs and expenses (including, without limitation,
fees and expenses of counsel) incurred by the Administrative Agent or such
Lender in connection with such rescission or restoration, including any such
costs and expenses incurred in defending against any claim alleging that such
payment constituted a preference, fraudulent transfer or similar payment under
any bankruptcy, insolvency or similar law.

         4.04     Certain Additional Waivers.

         Each Guarantor further agrees that such Guarantor shall have no right
of recourse to security for the Obligations, except through the exercise of
rights of subrogation pursuant to Section 4.02 and through the exercise of
rights of contribution pursuant to Section 4.06.

         4.05     Remedies.

         The Guarantors agree that, to the fullest extent permitted by law, as
between the Guarantors, on the one hand, and the Administrative Agent and the
Lenders, on the other hand, the Obligations may be declared to be forthwith due
and payable as provided in Section 9.02 (and shall be deemed to have become
automatically due and payable in the circumstances provided in said Section
9.02) for purposes of Section 4.01 notwithstanding any stay, injunction or other
prohibition preventing such declaration (or preventing the Obligations from
becoming automatically due and payable) as against any other Person and that, in
the event of such declaration (or the Obligations being deemed to have become
automatically due and payable), the Obligations (whether or not due and payable
by any other Person) shall forthwith become due and payable by the Guarantors
for purposes of Section 4.01. The Guarantors acknowledge and agree that their
obligations hereunder are secured in accordance with the terms of the Collateral
Documents and that the Lenders may exercise their remedies thereunder in
accordance with the terms thereof.

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<PAGE>

        4.06 Rights of Contribution.

        The Guarantors hereby agree as among themselves that, if any Guarantor
shall make an Excess Payment (as defined below), such Guarantor shall have a
right of contribution from each other Guarantor in an amount equal to such other
Guarantor's Contribution Share (as defined below) of such Excess Payment. The
payment obligations of any Guarantor under this Section 4.06 shall be
subordinate and subject in right of payment to the Obligations until such time
as the Obligations have been Fully Satisfied, and none of the Guarantors shall
exercise any right or remedy under this Section 4.06 against any other Guarantor
until such Obligations have been Fully Satisfied. For purposes of this Section
4.06, (a) "Excess Payment" shall mean the amount paid by any Guarantor in excess
of its Ratable Share of any Guaranteed Obligations; (b) "Ratable Share" shall
mean, for any Guarantor in respect of any payment of Obligations, the ratio
(expressed as a percentage) as of the date of such payment of Guaranteed
Obligations of (i) the amount by which the aggregate present fair salable value
of all of its assets and properties exceeds the amount of all debts and
liabilities of such Guarantor (including contingent, subordinated, unmatured,
and unliquidated liabilities, but excluding the obligations of such Guarantor
hereunder) to (ii) the amount by which the aggregate present fair salable value
of all assets and other properties of all of the Loan Parties and Special
Guarantors (to the extent at risk under the terms of this Agreement) exceeds the
amount of all of the debts and liabilities (including contingent, subordinated,
unmatured, and unliquidated liabilities, but excluding the obligations of the
Loan Parties and Special Guarantors hereunder) of the Loan Parties and Special
Guarantors; provided, however, that, for purposes of calculating the Ratable
Shares of the Guarantors in respect of any payment of Obligations, any Guarantor
that became a Guarantor subsequent to the date of any such payment shall be
deemed to have been a Guarantor on the date of such payment and the financial
information for such Guarantor as of the date such Guarantor became a Guarantor
shall be utilized for such Guarantor in connection with such payment; (c)
"Contribution Share" shall mean, for any Guarantor in respect of any Excess
Payment made by any other Guarantor, the ratio (expressed as a percentage) as of
the date of such Excess Payment of (i) the amount by which the aggregate present
fair salable value of all of its assets and properties exceeds the amount of all
debts and liabilities of such Guarantor (including contingent, subordinated,
unmatured, and unliquidated liabilities, but excluding the obligations of such
Guarantor hereunder) to (ii) the amount by which the aggregate present fair
salable value of all assets and other properties of the Loan Parties and Special
Guarantors (to the extent at risk under this Agreement) other than the maker of
such Excess Payment exceeds the amount of all of the debts and liabilities
(including contingent, subordinated, unmatured, and unliquidated liabilities,
but excluding the obligations of the Loan Parties) of the Loan Parties and
Special Guarantors other than the maker of such Excess Payment; provided,
however, that, for purposes of calculating the Contribution Shares of the
Guarantors in respect of any Excess Payment, any Guarantor that became a
Guarantor subsequent to the date of any such Excess Payment shall be deemed to
have been a Guarantor on the date of such Excess Payment and the financial
information for such Guarantor as of the date such Guarantor became a Guarantor
shall be utilized for such Guarantor in connection with such Excess Payment; and
(d) "Guaranteed Obligations" shall mean the Obligations guaranteed by the
Guarantors pursuant to this Article IV. This Section 4.06 shall not be deemed to
affect any right of subrogation, indemnity, reimbursement or contribution that
any Guarantor may have under Law against the Borrower in respect of any payment
of Guaranteed Obligations.

        4.07 Guarantee of Payment; Continuing Guarantee.

        The guarantee in this Article IV is a guaranty of payment and not of
collection, is a continuing guarantee, and shall apply to all Obligations
whenever arising.

                                   ARTICLE V
                  CONDITIONS PRECEDENT TO CLOSING AND ADVANCE

        5.01 Conditions Precedent.

        The obligation of the Administrative Agent and Lenders to enter into
this Agreement and to make the Advance under the Term Loans shall be subject to
satisfaction of the following conditions (in form and substance reasonably
acceptable to the Administrative Agent) as of the Closing Date (with respect to
the Administrative Agent's and Lenders' entering into this Agreement) and as of
the Advance Date (with respect to the Advance):

             (a) Loan Documents, Organization Documents, Etc. The Administrative
        Agent's receipt of the following, each of which shall be originals or
        facsimiles (followed promptly by originals) unless

                                       25

<PAGE>

         otherwise specified, each properly executed by a Responsible Officer of
         the signing Loan Party, each dated the Closing Date (or, in the case of
         certificates of governmental officials, a recent date before the
         Closing Date) and each in form and substance satisfactory to the
         Administrative Agent and its legal counsel:

                           (i)   executed counterparts of this Agreement;

                           (ii)  Term Notes executed by the Borrower in favor of
                  each Lender and executed counterparts of each of the other
                  Loan Documents;

                           (iii) copies of the Organization Documents of each
                  Loan Party certified to be true and complete as of a recent
                  date by the appropriate Governmental Authority of the state or
                  other jurisdiction of its incorporation or organization, where
                  applicable, and certified by a secretary or assistant
                  secretary of such Loan Party to be true and correct as of the
                  Closing Date;

                           (iv)  such certificates of resolutions or other
                  action, incumbency certificates and/or other certificates of
                  Responsible Officers of each Loan Party as the Administrative
                  Agent may require evidencing the identity, authority and
                  capacity of each Responsible Officer thereof authorized to act
                  as a Responsible Officer in connection with this Agreement and
                  the other Loan Documents to which such Loan Party is a party;
                  and

                           (v)   such documents and certifications as the
                  Administrative Agent may reasonably require to evidence that
                  each of the Loan Parties is duly organized or formed, and is
                  validly existing, in good standing and qualified to engage in
                  business in (A) the jurisdiction of its incorporation or
                  organization and (B) each jurisdiction where its ownership,
                  lease or operation of properties or the conduct of its
                  business requires such qualification, except to the extent
                  that failure to do so could not reasonably be expected to have
                  a Material Adverse Effect.

                  (b)      Opinions of Counsel. The Administrative Agent shall
         have received, in each case dated as of the Closing Date and in form
         and substance reasonably satisfactory to the Administrative Agent:

                           (i)   a legal opinion of Morgan, Lewis & Bockius,
                  general counsel for the Loan Parties;

                           (ii)  a legal opinion of special local counsel for
                  each Loan Party not organized in the State of Delaware; and

                           (iii) a legal opinion of special local counsel for
                  the Loan Parties for each state in which any Mortgaged
                  Property is located.

                  (c)      Personal Property Collateral. The Administrative
                  Agent shall have received:

                           (i)   UCC financing statements for each appropriate
                  jurisdiction as is necessary, in the Administrative Agent's
                  sole discretion, to perfect the Administrative Agent's
                  security interest in the Collateral;

                           (ii)  all certificates evidencing any certificated
                  Capital Stock pledged to the Administrative Agent pursuant to
                  the Security Agreement, together with duly executed in blank,
                  undated stock powers attached thereto;

                           (iii) duly executed notices of grant of security
                  interest in the form required by the Security Agreement as are
                  necessary, in the Administrative Agent's sole discretion, to
                  perfect the Administrative Agent's security interest in the
                  Collateral;

                           (iv)  all instruments and chattel paper in the
                  possession of any of the Loan Parties, together with allonges
                  or assignments as may be necessary or appropriate to perfect
                  the Administrative Agent's security interest in the
                  Collateral;

                                       26

<PAGE>

                           (v)   duly executed consents as are necessary, in the
                  Administrative Agent's sole discretion, to perfect the
                  Administrative Agent's security interest in the Collateral;

                           (vi)  duly executed notices of grant of security
                  interest in the form required by the Security Agreement as are
                  necessary, in the Administrative Agent's sole discretion, to
                  perfect the Administrative Agent's security interest in the
                  Collateral; and

                           (vii) in the case of any personal property Collateral
                  located at a premises leased by a Loan Party, such estoppel
                  letters, consents and waivers from the landlords on such real
                  property as may be required by the Administrative Agent.

                  (d)      Real Property Collateral and Related Matters. The
         Administrative Agent shall have received each of the following:

                           (i)   with respect to each of the Mortgaged
                  Properties, fully executed and notarized (A) Mortgage
                  Instruments, and (B) Assignments of Leases, in each case in
                  recordable form and encumbering the Remainder Interest of the
                  Borrower in such Mortgaged Properties and all interests of the
                  Special Guarantors with respect thereto (which interests,
                  together with the Borrower's Remainder Interests, shall
                  constitute one hundred percent of the ownership interests of
                  each such Mortgaged Property, subject only to those matters
                  set forth on the applicable Mortgage Commitments);

                           (ii)  maps or plats of an as-built survey of the
                  sites of the real property covered by the Mortgage Instruments
                  certified to the Administrative Agent and the title insurance
                  company issuing the commitments referred to in Section
                  5.01(d)(iii) in a manner reasonably satisfactory to each of
                  the Administrative Agent and the applicable title insurance
                  company, dated a date reasonably satisfactory to each of the
                  Administrative Agent and the applicable title insurance
                  company by an independent professional licensed land surveyor,
                  which maps or plats and the surveys on which they are based
                  shall be sufficient to delete any standard printed survey
                  exception contained in the applicable title commitment and be
                  made in accordance with the Minimum Standard Detail
                  Requirements for Land Title Surveys jointly established and
                  adopted by the American Land Title Association and the
                  American Congress on Surveying and Mapping in 1997 with all
                  items from Table A thereof completed, except for Nos. 5 and
                  12;

                           (iii) commitments, in form and substance acceptable
                  to the Administrative Agent, for ALTA mortgagee title
                  insurance policies to be issued by Chicago Title Insurance
                  Company (the "Mortgage Commitments") with respect to each
                  Mortgaged Property, assuring the Administrative Agent that
                  each of the Mortgage Instruments (taken as a whole) creates a
                  valid and enforceable first priority mortgage lien on the
                  applicable Mortgaged Property, free and clear of all defects
                  and encumbrances except Permitted Liens, which Mortgage
                  Commitments shall otherwise be in form and substance
                  reasonably satisfactory to the Administrative Agent and shall
                  include such endorsements as are reasonably requested by the
                  Administrative Agent;

                           (iv)  evidence as to (A) whether any Mortgaged
                  Property is in an area designated by the Federal Emergency
                  Management Agency as having special flood or mud slide hazards
                  (a "Flood Hazard Property") and (B) if any Mortgaged Property
                  is a Flood Hazard Property, (1) whether the community in which
                  such Mortgaged Property is located is participating in the
                  National Flood Insurance Program, (2) the Borrower's written
                  acknowledgment of receipt of written notification from the
                  Administrative Agent (a) as to the fact that such Mortgaged
                  Property is a Flood Hazard Property and (b) as to whether the
                  community in which each such Flood Hazard Property is located
                  is participating in the National Flood Insurance Program and
                  (3) copies of insurance policies or certificates of insurance
                  of the Borrower or the applicable tenant evidencing flood
                  insurance satisfactory to the Administrative Agent and naming
                  the Administrative Agent as sole loss payee on behalf of the
                  Lenders under a standard mortgagee endorsement;

                                       27

<PAGE>

                           (v)    evidence reasonably satisfactory to the
                  Administrative Agent that each of the Mortgaged Properties,
                  and the uses of the Mortgaged Properties, are in compliance in
                  all material respects with all applicable zoning laws (the
                  evidence submitted as to which should include the zoning
                  designation made for each of the Mortgaged Properties, the
                  permitted uses of each such Mortgaged Properties under such
                  zoning designation and, if available, zoning requirements as
                  to parking, lot size, ingress, egress and building setbacks);

                           (vi)   copies of the most recent environmental
                  reports or assessments in the possession of any Loan Party
                  with respect to the environmental condition of each of the
                  Mortgaged Properties and any other earlier or supplemental
                  reports or assessments in the possession of any Loan Party
                  requested by the Administrative Agent in connection therewith;

                           (vii)  evidence that Borrower has obtained one
                  hundred percent (100.0%) of the Remainder Interests applicable
                  to each of the Mortgaged Properties (or will, immediately upon
                  the funding of the Advance, obtain such interests) and that
                  the Special Guarantors own legal title to each such Mortgaged
                  Property for the sole benefit of the Borrower pursuant to the
                  terms of the Trust Documents;

                           (viii) copies of each Approved Lease and all
                  amendments, modifications, supplements or other documents
                  related thereto;

                           (ix)   such consents and agreements, estoppel(s)
                  and/or subordination, non-disturbance and attornment
                  agreement(s) from each tenant under each Approved Lease and
                  from the lessor(s) under each Approved Lease, in each case in
                  form and substance acceptable to the Administrative Agent, as
                  may be required by the Administrative Agent and the Lenders
                  (in their sole discretion) as conditions precedent to the
                  effectiveness of this Agreement or the making of the Advance;
                  and

                           (x)    to the extent required by FIRREA, an appraisal
                  of each Mortgaged Property satisfying the requirements of
                  FIRREA.

                  (e)      Financial Information. Receipt by the Administrative
         Agent of such financial information regarding any Loan Party as may be
         requested by, and in each case in form and substance satisfactory to,
         the Administrative Agent.

                  (f)      Evidence of Insurance. Receipt by the Administrative
         Agent of copies of insurance policies or certificates of insurance of
         the Borrower evidencing liability and casualty insurance meeting the
         requirements set forth in the Loan Documents and the Approved Leases.

                  (g)      Government Consent. Receipt by the Administrative
         Agent of evidence that all governmental, shareholder and material third
         party consents and approvals necessary or desirable in connection with
         the consummation of the transactions described herein and expiration of
         all applicable waiting periods without any action being taken by any
         authority that could restrain, prevent or impose any material adverse
         conditions on the transactions described herein or that could seek or
         threaten any of the foregoing, and no law or regulation shall be
         applicable which in the judgment of the Administrative Agent could have
         such effect.

                  (h)      Officer's Certificates. The Administrative Agent
         shall have received a certificate or certificates executed by a
         Responsible Officer of the Borrower as of the Closing Date/Advance Date
         (as applicable), in form and substance satisfactory to the
         Administrative Agent, stating that (A) the conditions specified in
         Section 5.01 have been satisfied, (B) each of the Loan Parties is in
         compliance with all existing material financial obligations, (C) all
         governmental, shareholder and third party consents and approvals, if
         any, with respect to the Loan Documents and the transactions
         contemplated thereby have been obtained (and attaching copies thereof),
         (D) no action, suit, investigation or proceeding is pending or
         threatened in any court or before any arbitrator or governmental
         instrumentality that purports to affect any Loan Party or any
         transaction contemplated by the Loan Documents, if such action, suit,
         investigation or proceeding could have a Material Adverse Effect, and
         (E) immediately after giving effect to the Transaction, (1) no Default
         or Event of

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<PAGE>

         Default exists, (2) all representations and warranties contained herein
         and in the other Loan Documents are true and correct in all material
         respects and (3) the LP Guarantor will be in compliance with the
         financial covenants set forth in Section 7.17 both immediately prior to
         and immediately following the making of the Advance.

                  (i) Solvency. The Administrative Agent shall have received a
         certificate executed by a Responsible Officer of the Borrower as of the
         Closing Date, in form and substance satisfactory to the Administrative
         Agent, regarding the Solvency of each of the Loan Parties.

                  (j) FR Form U-1. Receipt by the Administrative Agent of a
         statement, in conformity with the requirements of FR Form U-1 referred
         to in Regulation U, that the use of proceeds of the Term Loans will not
         violate Regulate U or X of the FRB.

                  (k) Engagement Letter. On or before the Closing Date, the
         Borrower shall have delivered to the Administrative Agent a fully
         executed version of the Engagement Letter and shall have paid to the
         Administrative Agent all fees required to be paid as of such date.

                  (l) Fees and Expenses. The Borrower shall have paid all
         Attorney Costs of the Administrative Agent to the extent invoiced prior
         to or on the Closing Date/Advance Date (as applicable), plus such
         additional amounts of Attorney Costs as shall constitute its reasonable
         estimate of Attorney Costs incurred or to be incurred by it through the
         closing proceedings (provided that such estimate shall not thereafter
         preclude a final settling of accounts between the Borrower and the
         Administrative Agent). In addition, the Loan Parties shall have paid to
         the Administrative Agent all other fees and expenses relating to the
         preparation, execution and delivery of this Agreement and the other
         Loan Documents which are due and payable on the Closing Date/Advance
         Date (as applicable), including, without limitation, payment to the
         Administrative Agent of consultants' fees, travel expenses, all fees
         and expenses associated with prior transactions entered into or
         contemplated by and between Borrower and the Administrative Agent and
         all other fees and expenses due and then-owing from the Loan Parties to
         the Bank pursuant to the terms hereof.

                  (m) SPE Status. Evidence, satisfactory to the Administrative
         Agent, that each of the Borrower and the Parent Guarantor qualifies as
         a SPE and that the execution and performance by the Loan Parties under
         the Loan Documents shall not affect such status.

                  (n) Other Information. Receipt by the Lenders of such other
         documents, instruments, agreements or information as reasonably
         requested by any Lender, including, but not limited to, information
         regarding litigation, tax, accounting, labor, insurance, pension
         liabilities (actual or contingent), real estate leases, material
         contracts, debt agreements, property ownership and contingent
         liabilities of the Loan Parties.

                  (o) Representations and Warranties. The representations and
         warranties of the Borrower and each other Loan Party and Special
         Guarantor contained in Article VI or any other Loan Document, or which
         are contained in any document furnished at any time under or in
         connection herewith or therewith, shall be true and correct on and as
         of the applicable date (except for those which expressly relate to an
         earlier date).

                  (p) Defaults; Events of Default. No Default or Event of
         Default shall exist and be continuing either prior to or after giving
         effect to the closing with respect to this Agreement or the Advance, as
         applicable.

                  (q) Bankruptcy Events. There shall not have occurred a
         Bankruptcy Event with respect to any Loan Party or any Special
         Guarantor.

                  (r) Material Adverse Effect. No event, circumstance, or
         condition shall exist or shall have occurred and be continuing which
         has or could reasonably be expected to have a Material Adverse Effect.

                  (s) Direct Payment to Account. Borrower, as holder of the
         beneficiary interests under the Trust Documents, shall have delivered
         an Irrevocable Direction to each lessor under the Approved Leases. Each
         of the lessors under each Approved Lease shall have directed each of
         the tenants under the applicable Approved Lease to deposit all payments
         under or with respect to such Approved Lease in accordance with
         instructions

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<PAGE>

         provided by the Administrative Agent. Each tenant under the Approved
         Lease shall have executed an acknowledgement and consent (in form and
         substance acceptable to the Administrative Agent) agreeing, among
         other things, to make payments under the applicable Approved Lease(s)
         only into an account specified by the Administrative Agent.

                  (t) Request for Advance. With respect to the Advance Date, the
         Administrative Agent shall have received a Loan Notice in accordance
         with the requirements hereof and directing payment of the funds
         borrowed under the Advance to the applicable sellers under the Purchase
         Agreements and as may be otherwise required to effectuate the repayment
         of the Indebtedness and obligations and the cancellation and release of
         the security interests and other Liens referenced in Sections
         5.01(v)(i) and (ii).

                  (u) Satisfaction of Purchase Agreement Conditions Precedent;
         Assignments of Purchase Agreement Rights. All conditions precedent set
         forth in the Purchase Agreements shall have been fully satisfied except
         to the extent (i) communicated in writing to the Administrative Agent
         and (ii) acceptable to the Administrative Agent in its sole discretion
         and Administrative Agent shall have received evidence of same and the
         Administrative Agent shall have received copies of the Purchase
         Agreement Assignments in form and substance acceptable to the
         Administrative Agent.

                  (v) Termination of Trust Agreement Indebtedness and Security;
         Applicable Consents. The Administrative Agent shall have received
         evidence satisfactory to it in its sole discretion that (i) all
         Indebtedness and security interests created by or in connection with
         the Trust Documents or any documents related thereto shall, by payment
         of the Advance, together with other funds supplied by Borrower or its
         Affiliates, to the sellers under the Purchase Agreements in accordance
         with the Loan Notice referenced in clause (t) above, be terminated,
         released and cancelled (as applicable); which evidence may, at the
         option of the Administrative Agent, include such consents,
         acknowledgements and agreements from the grantors, remaindermen,
         beneficiaries, mortgagees and/or grantees under the Trust Documents as
         may be required by the Administrative Agent; (ii) all other
         Indebtedness and other obligations in any way secured by any Lien on
         the Mortgaged Properties or the Approved Leases (or any payments, funds
         or proceeds related thereto) shall, on or prior to the Advance Date, be
         terminated, released and cancelled (as applicable); (iii) the only
         lessors under the Approved Leases shall, as of the Advance Date, be one
         or more of the Special Guarantors and (iv) the Borrower will, as of the
         making of the Advance, own all Remainder Interests with respect to the
         Mortgaged Properties and own one hundred percent (100.0%) of the
         beneficial interests under the Trust Documents.

                                   ARTICLE VI
                         REPRESENTATIONS AND WARRANTIES

         The Loan Parties (and, where expressly noted, the Special Guarantors)
represent and warrant to the Administrative Agent and the Lenders that:

         6.01     Existence, Qualification and Power; Compliance with Laws.

         Each Loan Party (a) is duly organized or formed, validly existing and
in good standing under the Laws of the jurisdiction of its incorporation or
organization, (b) has all requisite power and authority and all requisite
governmental licenses, authorizations, consents and approvals to (i) own its
assets and carry on its business and (ii) execute, deliver and perform its
obligations under the Loan Documents to which it is a party and (c) is duly
qualified and is licensed and in good standing under the Laws of each
jurisdiction where its ownership, lease or operation of properties or the
conduct of its business requires such qualification or license; except in each
case referred to in clause (b)(i) or (c), to the extent that failure to do so
could not reasonably be expected to have a Material Adverse Effect. Each Special
Guarantor has all requisite power and authority and all requisite governmental
licenses, authorizations, consents and approvals to execute, deliver and perform
its obligations under the Loan Documents to which it is a party.

                                       30

<PAGE>

         6.02   Authorization; No Contravention.

         The execution, delivery and performance by each Loan Party and each
Special Guarantor of each Loan Document to which such Person is party, have been
duly authorized by all necessary corporate or other organizational action, and
do not and will not (a) contravene the terms of any of such Person's
Organization Documents (as applicable); (b) conflict with or result in any
breach or contravention of, or the creation of any Lien under, (i) any
Contractual Obligation to which such Person is a party or (ii) any order,
injunction, writ or decree of any Governmental Authority or any arbitral award
to which such Person or its property is subject; or (c) violate any Law
(including, without limitation, Regulation U or Regulation X issued by the FRB).

         6.03   Governmental Authorization; Other Consents.

         No approval, consent, exemption, authorization, or other action by, or
notice to, or filing with, any Governmental Authority or any other Person is
necessary or required in connection with the execution, delivery or performance
by, or enforcement against, any Loan Party or any Special Guarantor of this
Agreement or any other Loan Document, except for (a) consents, authorizations,
notices and filings described in Schedule 6.03, all of which have been obtained
or made or have the status described in such Schedule 6.03 and (b) filings to
perfect the Liens created by the Collateral Documents.

         6.04   Binding Effect.

         This Agreement has been, and each other Loan Document, when delivered
hereunder, will have been, duly executed and delivered by each Loan Party and
each Special Guarantor that is party thereto. This Agreement constitutes, and
each other Loan Document when so delivered will constitute, a legal, valid and
binding obligation of such Loan Party or Special Guarantor (as applicable),
enforceable against each Loan Party and each Special Guarantor that is party
thereto in accordance with its terms except as enforceability may be limited by
applicable Debtor Relief Laws and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law).

         6.05   Financial Statements; No Material Adverse Effect.

         (a)    The Delivered Financial Statements (i) were prepared in
accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein; (ii) fairly present the financial
condition of the LP Guarantor as of the date thereof and their results of
operations for the period covered thereby in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly
noted therein; and (iii) show all material indebtedness and other liabilities,
direct or contingent, of the LP Guarantor as of the date thereof, including
liabilities for taxes, material commitments and Indebtedness. Schedule 6.05 sets
forth all material indebtedness and other liabilities, direct or contingent, of
the LP Guarantor as of the date of such financial statements, including
liabilities for taxes, material commitments and Indebtedness. Neither the
Borrower nor the Parent Guarantor has any indebtedness or other liabilities,
direct or contingent, as of the date of this Agreement as of the Agreement Date
other than under the Loan Documents.

         (b)    During the period from November 30, 2002 to and including the
Closing Date, there has been no sale, transfer or other disposition by any Loan
Party of any material part of the business or Property of a Loan Party and no
purchase or other acquisition by either of them of any business or property
(including any Capital Stock of any other Person) material in relation to the
consolidated financial condition of either of the Loan Parties, in each case,
which is not reflected in the foregoing financial statements or in the notes
thereto and has not otherwise been disclosed in writing to the Lenders on or
prior to the Closing Date.

         (c)    The financial information provided pursuant to Section 7.01 has
been prepared in accordance with GAAP except as otherwise noted therein and
approved by the Administrative Agent.

         (d)    Since September 10, 2002, there has been no event or
 circumstance, either individually or in the aggregate, that has had or could
reasonably be expected to have a Material Adverse Effect.

                                       31

<PAGE>

         6.06     Litigation.

         There are no actions, suits, proceedings, claims or disputes pending
or, to the knowledge of the Loan Parties after due and diligent investigation,
threatened or contemplated, at law, in equity, in arbitration or before any
Governmental Authority, by or against any Loan Party or against any of its
properties or revenues that (a) purport to affect or pertain to this Agreement
or any other Loan Document, or any of the transactions contemplated hereby or
(b) either individually or in the aggregate, if determined adversely, could
reasonably be expected to have a Material Adverse Effect.

         6.07     No Default.

         No Loan Party or Special Guarantor is in default under or with respect
to any Contractual Obligation that could, either individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. No Default
has occurred and is continuing or would result from the consummation of the
transactions contemplated by this Agreement or any other Loan Document. No
Special Guarantor has violated any material terms or conditions set forth in any
Trust Document.

         6.08     Ownership of Property; Liens.

         The Borrower owns (or shall, as of the making of the Advance, own) all
Remainder Interests with respect to the Mortgaged Properties and own one hundred
percent (100.0%) of the beneficial interests under the Trust Documents. The
Borrower's Remainder Interests in the Mortgaged Properties represent all real
property interests of the Borrower. The Borrower has no rights or interests in
any real or personal property except its Remainder Interests in the Mortgaged
Properties, its beneficial interests under the Trust Documents and property
appurtenant to either. All such Property of the Borrower is subject to no Liens,
other than Permitted Liens. Each Loan Party has good record and marketable title
in fee simple to, or valid leasehold interests in, all real property necessary
or used in the ordinary conduct of its business, except for such defects in
title as could not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect. The Special Guarantors hold legal title to the
Mortgaged Properties pursuant to the Trust Documents subject to no Liens other
than the beneficial interests of the Borrower and as otherwise reflected on the
Mortgage Commitments. All lessors under the Approved Leases are Special
Guarantors.

         6.09     Environmental Compliance.

         Except as disclosed and described in Schedule 6.09 attached hereto:

                  (a) Each of the Mortgaged Properties and, to the knowledge of
         the Loan Parties, all operations thereon are in compliance with all
         applicable Environmental Laws, there is no violation of any
         Environmental Law with respect to the Mortgaged Properties or the
         Businesses, and there are no conditions relating to the Mortgaged
         Properties or the Businesses that could give rise to liability under
         any applicable Environmental Laws.

                  (b) None of the Mortgaged Properties contains, or has
         previously contained, any Hazardous Materials at, on or under the
         Mortgaged Properties in amounts or concentrations that constitute or
         constituted a violation of, or could give rise to liability under,
         Environmental Laws.

                  (c) No Loan Party has received any written or verbal notice
         of, or inquiry from any Governmental Authority regarding, any
         violation, alleged violation, non-compliance, liability or potential
         liability regarding environmental matters or compliance with
         Environmental Laws with regard to any of the Mortgaged Properties or
         the Businesses, nor does any Responsible Officer of any Loan Party have
         knowledge or reason to believe that any such notice will be received or
         is being threatened.

                  (d) Hazardous Materials have not been transported or disposed
         of from the Mortgaged Properties, or generated, treated, stored or
         disposed of at, on or under any of the Mortgaged Properties or any
         other location, in each case by or on behalf of any Loan Party in
         violation of, or in a manner that could give rise to liability under,
         any applicable Environmental Law.

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<PAGE>

                  (e) No judicial proceeding or governmental or administrative
         action is pending or, to the best knowledge of the Responsible Officers
         of the Loan Parties, threatened, under any Environmental Law to which
         any Loan Party is or will be named as a party, nor are there any
         consent decrees or other decrees, consent orders, administrative orders
         or other orders, or other administrative or judicial requirements
         outstanding under any Environmental Law with respect to the Loan
         Parties, the Mortgaged Properties or the Businesses.

                  (f) To the knowledge of the Loan Parties, there has been no
         release, or threat of release, of Hazardous Materials at or from the
         Mortgaged Properties, or arising from or related to the operations
         (including, without limitation, disposal) of any Loan Party in
         connection with the Mortgaged Properties or otherwise in connection
         with the Businesses, in violation of or in amounts or in a manner that
         could give rise to liability under Environmental Laws.

         6.10     Insurance.

         The Mortgaged Properties are insured by either the Borrower or the
applicable tenant with financially sound and reputable insurance companies not
Affiliates of the Borrower or the applicable tenant under the subject Approved
Lease, in such amounts, with such deductibles and covering such risks as are
customarily carried by companies engaged in similar businesses and owning
similar properties in localities where such Mortgaged Properties are located.
The present insurance coverage with respect to the Mortgaged Properties is
outlined as to carrier, policy number, expiration date, type and amount on
Schedule 6.10.

         6.11     Taxes.

         Each of the Loan Parties and Special Guarantors have filed all Federal,
state and other material tax returns and reports required to be filed, and have
paid all Federal, state and other material taxes, assessments, fees and other
governmental charges levied or imposed upon them or their properties, income or
assets otherwise due and payable, except those which are being contested in good
faith by appropriate proceedings diligently conducted and for which adequate
reserves have been provided in accordance with GAAP. There is no proposed tax
assessment against the Borrower that would, if made, have a Material Adverse
Effect.

         6.12     ERISA Compliance.

         (a)      Each Plan is in compliance in all material respects with the
applicable provisions of ERISA, the Code and other Federal or state Laws. Each
Plan that is intended to qualify under Section 401(a) of the Code has received a
favorable determination letter from the IRS or an application for such a letter
is currently being processed by the IRS with respect thereto and, to the best
knowledge of the Loan Parties, nothing has occurred which would prevent, or
cause the loss of, such qualification. Each Loan Party and each ERISA Affiliate
have made all required contributions to each Plan subject to Section 412 of the
Code, and no application for a funding waiver or an extension of any
amortization period pursuant to Section 412 of the Code has been made with
respect to any Plan.

         (b)      There are no pending or, to the best knowledge of the Loan
Parties, threatened claims, actions or lawsuits, or action by any Governmental
Authority, with respect to any Plan that could be reasonably be expected to have
a Material Adverse Effect. There has been no prohibited transaction or violation
of the fiduciary responsibility rules with respect to any Plan that has resulted
or could reasonably be expected to result in a Material Adverse Effect.

         (c)      (i) No ERISA Event has occurred or is reasonably expected to
occur; (ii) no Pension Plan has any Unfunded Pension Liability; (iii) no Loan
Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any
liability under Title IV of ERISA with respect to any Pension Plan (other than
premiums due and not delinquent under Section 4007 of ERISA); (iv) no Loan Party
nor any ERISA Affiliate has incurred, or reasonably expects to incur, any
liability (and no event has occurred which, with the giving of notice under
Section 4219 of ERISA, would result in such liability) under Sections 4201 or
4243 of ERISA with respect to a Multiemployer Plan; and (v) no Loan Party nor
any ERISA Affiliate has engaged in a transaction that could be subject to
Sections 4069 or 4212(c) of ERISA.

                                       33

<PAGE>

         6.13     Subsidiaries; Capital Stock.

         The corporate capital and ownership structure of the Loan Parties as of
the Closing Date is as described in Schedule 6.13. The Borrower has no
Subsidiaries, whether direct or indirect and owns no Capital Stock of any other
Person. Each of the Parent Guarantor and the Borrower is an SPE. The Parent
Guarantor has no Subsidiaries except for the Borrower. The Parent Guarantor owns
no Property other than the Capital Stock of the Borrower, owns 100% of the
outstanding Capital Stock of the Borrower and holds such Capital Stock subject
to no Liens. The LP Guarantor owns 100% of the outstanding Capital Stock of the
Parent Guarantor and holds such Capital Stock subject to no Liens. The
outstanding Capital Stock of the Parent Guarantor is validly issued, fully paid
and non-assessable and is owned directly by the LP Guarantor, free and clear of
all Liens (other than those arising under or contemplated in connection with the
Credit Documents). The outstanding Capital Stock of the Borrower is validly
issued, fully paid and non-assessable and is owned directly by the Parent
Guarantor, free and clear of all Liens (other than those arising under or
contemplated in connection with the Credit Documents). Neither the Borrower nor
the Parent Guarantor has any outstanding securities convertible into or
exchangeable for its Capital Stock and has no outstanding rights to subscribe
for or to purchase or any options for the purchase of, or any agreements
providing for the issuance (contingent or otherwise) of, or any calls,
commitments or claims of any character relating to its Capital Stock. There is
no certificated Capital Stock of either the Borrower or the Parent Guarantor.

         6.14     Margin Regulations; Investment Company Act; Public Utility
Holding Company Act.

         (a)      The Borrower is not engaged and will not engage, principally
or as one of its important activities, in the business of purchasing or carrying
margin stock (within the meaning of Regulation U issued by the FRB), or
extending credit for the purpose of purchasing or carrying margin stock.

         (b)      No Loan Party (i) is a "holding company," or a "subsidiary
company" of a "holding company," or an "affiliate" of a "holding company" or of
a "subsidiary company" of a "holding company," within the meaning of the Public
Utility Holding Company Act of 1935, (ii) is or is required to be registered as
an "investment company" under the Investment Company Act of 1940 or (iii) is
subject to regulation under any other Law which limits its ability to incur
Indebtedness.

         6.15     Disclosure.

         Each Loan Party has disclosed to the Administrative Agent and the
Lenders all agreements, instruments and corporate or other restrictions to which
it (and, in the case of the LP Guarantor, its Subsidiaries) is subject, and all
other matters known to it, that, individually or in the aggregate, could
reasonably be expected to result in a Material Adverse Effect. All written
information, reports and other papers and data (excluding financial projections)
furnished to the Administrative Agent or any Lender by, on behalf of, or at the
direction of, the Loan Parties were, at the time the same were so furnished,
complete and correct in all material respects, or, in the case of financial
statements, present fairly, in all material respects and in accordance with GAAP
consistently applied throughout the periods involved, the financial position of
the Persons involved as at the date thereof and the results of operations for
such periods. All financial projections prepared by or on behalf of the Loan
Parties that have been or may hereafter be made available to the Administrative
Agent or any Lender were or will be prepared in good faith based on reasonable
assumptions. No fact is known to any Loan Party which has had, or may in the
future have a Material Adverse Effect which has not been set forth in the
financial statements delivered in connection with Section 7.01) or in such
information, reports or other papers or data or otherwise disclosed in writing
to the Administrative Agent and the Lenders prior to the Closing Date. Further,
neither this Agreement nor any financial statements delivered to the Lenders nor
any other document, certificate or statement furnished to the Lenders by or on
behalf of any Loan Party in connection with the transactions contemplated hereby
contains any untrue statement of a material fact or omits to state a material
fact necessary in order to make the statements contained therein or herein not
misleading.

         6.16     Compliance with Laws.

         Each Loan Party and each Special Guarantor is in compliance in all
material respects with the requirements of all Laws and all orders, writs,
injunctions and decrees applicable to it or to its properties, except in such
instances in which (a) such requirement of Law or order, writ, injunction or
decree is being contested in good faith by

                                       34

<PAGE>

appropriate proceedings diligently conducted or (b) the failure to comply
therewith, either individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect.

         6.17     Solvency.

         Each of the Loan Parties are Solvent.

         6.18     Investments; Indebtedness.

         All Investments of the Borrower are Permitted Investments and all
Indebtedness of the Borrower is Indebtedness that is permitted pursuant to
Section 8.03 hereof. The Parent Guarantor has no Investments except its
ownership interests in the Capital Stock of the Borrower.

         6.19     Business Locations.

         Set forth on Schedule 6.19 is the chief executive office, jurisdiction
of incorporation or formation and principal place of business of each Loan
Party.

         6.20     Brokers' Fees.

         No Loan Party has any obligation to any Person in respect of any
finder's, broker's, investment banking or other similar fee in connection with
any of the transactions contemplated under the Loan Documents.

         6.21     Labor Matters.

         There are no collective bargaining agreements or Multiemployer Plans
covering the employees of any Loan Party as of the Closing Date.

         6.22     Nature of Business.

         The Borrower is engaged solely in the business of owning the Remainder
interests in the Mortgaged Properties and the beneficial interests under the
Trust Documents and activities appurtenant thereto. The LP Guarantor is engaged
solely in the business of purchasing, owning and selling real estate properties
and the Capital Stock of Persons owning or having interests (direct or indirect)
in such properties and such other activities as may be reasonably related to the
foregoing. The Parent Guarantor's sole business consists of the ownership of the
Capital Stock of the Borrower.

         6.23     Representations and Warranties from Other Loan Documents.

         Each of the representations and warranties made by the Loan Parties and
the Special Guarantors in any of the other Loan Documents is true and correct in
all material respects.

         6.24     Affiliate Transactions.

         Except as set forth on Schedule 6.24 attached hereto or as otherwise
approved by the Administrative Agent in writing, no Loan Party is a party to or
bound by any agreement or arrangement (whether oral or written) to which any
Subsidiary or Affiliate of any Loan Party is a party.

         6.25     Contractual Obligations.

         Set forth on Schedule 6.25 attached hereto is a list of all existing
Contractual Obligations of the Borrower.

         6.26     Survival of Representations and Warranties, Etc.

         All statements contained in any certificate, financial statement or
other instrument delivered by or on behalf of the Loan Parties or the Special
Guarantors to the Administrative Agent or any Lender pursuant to or in
connection with this Agreement or any of the other Loan Documents (including,
but not limited to, any such statement made in

                                       35

<PAGE>

or in connection with any amendment thereto or any statement contained in any
certificate, financial statement or other instrument delivered by or on behalf
of the Loan Parties or the Special Guarantors prior to the Closing Date and
delivered to the Administrative Agent or any Lender in connection with closing
the transactions contemplated hereby) shall constitute representations and
warranties made by the Borrower under this Agreement. All representations and
warranties made under this Agreement and the other Loan Documents shall be
deemed to be made at the Agreement Date, the Closing Date and the Advance Date,
except to the extent that such representations and warranties expressly relate
solely to an earlier date (in which case such representations and warranties
shall have been true and accurate on and as of such earlier date) and except for
changes in factual circumstances specifically permitted hereunder. All such
representations and warranties shall survive the effectiveness of this
Agreement, the execution and delivery of the Loan Documents and the making of
the Term Loans.

                                   ARTICLE VII
                              AFFIRMATIVE COVENANTS

         For so long as this Agreement is in effect, unless the Required Lenders
(or, if required pursuant to Section 11.01, all of the Lenders) shall otherwise
consent in the manner set forth in Section 11.01, each of the Loan Parties, as
applicable, and, where expressly noted, the Special Guarantors, shall comply
with the following covenants:

         7.01     Financial Statements.

         Each of the Loan Parties shall deliver to the Administrative Agent and
each Lender, in form and detail satisfactory to the Administrative Agent,
promptly following the request of the Administrative Agent therefor, any
financial statements, certificates of public accountants, financial reports or
other information related to any of the foregoing, to the business, financial or
corporate affairs of any of the Loan Parties, or any of the Loan Parties'
compliance with the terms of the Loan Documents, in each case to the extent such
statements or information are in existence as of the date of such request and in
the possession of any Loan Party.

         7.02     Certificates; Other Information.

         Each Loan Party (as applicable) shall deliver to the Administrative
Agent and each Lender, in form and detail satisfactory to the Administrative
Agent:

         (a)      promptly after the same are available, copies of each annual
report, proxy or financial statement or other report or communication sent to
the equityholders of the LP Guarantor, and copies of all annual, regular,
periodic and special reports and registration statements which any Loan Party
may file or be required to file with the SEC under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or to a holder of any Indebtedness owed by any
Loan Party in its capacity as such a holder and not otherwise required to be
delivered to the Administrative Agent pursuant hereto; and

         (b)      upon the request of the Administrative Agent, all reports and
written information to and from the United States Environmental Protection
Agency, or any state or local agency responsible for environmental matters, the
United States Occupational Health and Safety Administration, or any state or
local agency responsible for health and safety matters, or any successor
agencies or authorities concerning environmental, health or safety matters.

         7.03     Notices and Information.

         Each of the Loan Parties (as applicable) shall:

         (a)      Promptly notify the Administrative Agent and each Lender of
the occurrence of any Default or any existing circumstances or conditions known
to it which could be reasonably expected to cause an Approved Lease to cease to
meet the requirements and conditions set forth herein (including, without
limitation, Sections 7.16 and 8.13) within the immediately following calendar
year.

         (b)      Promptly notify the Administrative Agent and each Lender of
any matter (including, without limitation, (i) the breach or non-performance of,
or any default under, a Contractual Obligation of the Borrower;

                                       36

<PAGE>

(ii) any dispute, litigation, investigation, proceeding or suspension between
the Borrower and any Governmental Authority; or (iii) the commencement of, or
any material development in, any litigation or proceeding affecting the
Borrower, including pursuant to any applicable Environmental Laws) that has
resulted or could reasonably be expected to result in a Material Adverse Effect.

         (c)      Promptly notify the Administrative Agent and each Lender of
the occurrence of any ERISA Event.

         (d)      Promptly notify the Administrative Agent and each Lender of
any change in the chief executive officer, chief operating officer or chief
financial officer of any Loan Party or any material change in accounting
policies or financial reporting practices by the Borrower.

         Each notice pursuant to this Section 7.03(a) through (d) shall be
accompanied by a statement of a Responsible Officer of the Borrower setting
forth details of the occurrence referred to therein and stating what action the
Borrower has taken and proposes to take with respect thereto. Each notice
pursuant to Section 7.03(a) shall describe with particularity any and all
provisions of this Agreement and any other Loan Document that have been
breached.

         7.04     Payment of Obligations.

         Each of the Loan Parties shall pay and discharge as the same shall
become due and payable, all its obligations and liabilities, including (a) all
tax liabilities, assessments and governmental charges or levies upon it or its
properties or assets, unless the same are being contested in good faith by
appropriate proceedings diligently conducted and adequate reserves in accordance
with GAAP are being maintained by such Person; (b) all lawful claims which, if
unpaid, would by law become a Lien (other than a Permitted Lien) upon its
property; and (c) all material Indebtedness, as and when due and payable, but
subject to any subordination provisions contained in any instrument or agreement
evidencing such Indebtedness.

         7.05     Preservation of Existence, Franchises, SPE Status, Etc

         (a)      Each of the Loan Parties shall:

                  (i)   Preserve, renew and maintain in full force and effect
         its legal existence and good standing under the Laws of the
         jurisdiction of its organization;

                  (ii)  take all reasonable action to maintain all rights,
         privileges, permits, licenses and franchises necessary or desirable in
         the normal conduct of its business; and

                  (iii) take all action required to preserve and maintain the
         Borrower's and the Parent Guarantor's status as SPEs.

         (b)      Each Special Guarantor shall take all reasonable action to
maintain its legal existence and all rights, privileges, permits, licenses and
franchises necessary to continue to fulfill its obligations under the Trust
Documents.

         7.06     Maintenance of Properties.

         Each of the Loan Parties shall:

         (a)      Maintain, preserve and protect all of its material properties
and equipment necessary in the operation of its business in good working order
and condition, ordinary wear and tear excepted; and

         (b)      make all necessary repairs thereto and renewals and
replacements thereof; and

         (c)      use the standard of care typical in the industry in the
operation and maintenance of its facilities.

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         7.07     Maintenance of Insurance.

         The Borrower shall maintain (or cause the applicable tenant to
maintain) in full force and effect insurance (including worker's compensation
insurance, liability insurance and casualty insurance) with respect to each
Mortgaged Property in such amounts, covering such risks and liabilities and with
such deductibles or self-insurance retentions as are in accordance with normal
industry practice.

         7.08     Compliance with Laws.

         Each of the Loan Parties and each of the Special Guarantors shall
comply with the requirements of all Laws and all orders, writs, injunctions and
decrees applicable to it or to its business or property, except in such
instances in which (a) such requirement of Law or order, writ, injunction or
decree is being contested in good faith by appropriate proceedings diligently
conducted; or (b) the failure to comply therewith could not reasonably be
expected to have a Material Adverse Effect.

         7.09     Books and Records.

         Each Loan Party shall:

         (a)      Maintain proper books of record and account, in which full,
true and correct entries in conformity with GAAP consistently applied shall be
made of all financial transactions and matters involving the assets and business
of such Loan Party; and

         (b)      maintain such books of record and account in material
conformity with all applicable requirements of any Governmental Authority having
regulatory jurisdiction over such Loan Party.

         7.10     Inspection Rights.

         The Borrower shall permit representatives and independent contractors
of the Administrative Agent and each Lender to visit and inspect any of its
properties, to examine its corporate, financial and operating records, and make
copies thereof or abstracts therefrom, and to discuss its affairs, finances and
accounts with its directors, officers, and independent public accountants, all
at the expense of the Borrower and at such reasonable times during normal
business hours and as often as may be reasonably desired, upon reasonable
advance notice to the Borrower; provided, however, that when an Event of Default
exists the Administrative Agent or any Lender (or any of their respective
representatives or independent contractors) may do any of the foregoing at the
expense of the Borrower at any time during normal business hours and without
advance notice.

         7.11     Use of Proceeds; Type of Purchase Agreement Transactions.

         The Borrower shall use the proceeds of the Term Loans solely for the
purpose of (a) making payments required under the Purchase Agreements and of
repurchasing, repaying and canceling all Indebtedness and other obligations of
the grantors and remainderman under each of the notes, bonds or other
instruments issued under or in connection with the Trust Agreements and the
Trust Documents and causing the termination of all security interests created by
or related thereto (including those created pursuant to any mortgages, deeds of
trust, deeds to secure debt, assignments of leases or similar security
documents); and (b) for the purpose of repurchasing, repaying and canceling all
other Indebtedness and other obligations in any way secured by any Lien on the
Mortgaged Properties or the Approved Leases (or any payments, funds or proceeds
related thereto) shall, on or prior to the Advance Date, be terminated, released
and cancelled (as applicable). The transaction under the Purchase Agreement
(Current Interests) shall be structured as an "Interest Purchase" (as opposed to
an "Asset Purchase" or "Share Purchase").

         7.12     Payments from Approved Leases.

         To the extent any payments made pursuant to any Approved Lease are
received by any Loan Party, such Person hereby agrees that it shall immediately
notify the Administrative Agent of same and deposit such payments only into an
account specified by the Administrative Agent in the form received but with
proper endorsement, if necessary. The

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<PAGE>

Administrative Agent shall have the absolute right to offset and apply any
amounts held in any account holding payments from the Approved Leases at any
time during the continuation of a Default or Event of Default.

         7.13     Pledged Assets.

         Each of the Loan Parties (as applicable) shall, at all times:

         (a)      subject the Remainder Interests of the Borrower and all rights
and interests held by the Special Guarantors with respect to the Mortgaged
Properties to first priority Liens in favor of the Collateral Agent to secure
the Obligations pursuant to the terms and conditions of the Collateral
Documents, subject to Permitted Liens and deliver such additional documentation
as the Administrative Agent may reasonably request in connection with the
foregoing, all in form, content and scope reasonably satisfactory to the
Administrative Agent;

         (b)      cause 100% of the issued and outstanding Capital Stock of the
Borrower and the Parent Guarantor to be subject to a first priority, perfected
Lien in favor of the Collateral Agent for the benefit of the Secured Parties
pursuant to the terms and conditions of the Collateral Documents or such other
security documents as the Administrative Agent shall reasonably request; and

         (c)      deliver such other documentation as the Administrative Agent
may reasonably request in connection with the foregoing, including, without
limitation, appropriate UCC-1 financing statements, real estate title insurance
policies, surveys, environmental reports, landlord's waivers, certified
resolutions and other organizational and authorizing documents of such Person,
favorable opinions of counsel to such Person (which shall cover, among other
things, the legality, validity, binding effect and enforceability of the
documentation referred to above and the perfection of the Administrative Agent's
liens thereunder) and other items of the types required to be delivered pursuant
to the terms of this Agreement, all in form, content and scope reasonably
satisfactory to the Administrative Agent.

         7.14     Further Assurances.

         Each of the Loan Parties and Special Guarantors (as applicable) shall,
from time to time, at the expense of the Borrower, promptly execute, deliver,
file and/or record all further instruments and documents, and take all further
action, that may be necessary or desirable, or that the Administrative Agent or
Collateral Agent may reasonably request (including, without limitation, the
procurement of landlord consents with respect to the assignment of the
Borrower's interests in each of the Mortgaged Properties if the Mortgage
Instruments or Assignments of Leases are recorded in accordance with Section
7.15), in order to (a) properly evidence the Borrower's Indebtedness hereunder
or under any Loan Document or (b) perfect, continue and protect the assignment
and security interest granted or purported to be granted hereby or pursuant to
any Loan Document and to enable the Administrative Agent and/or Collateral Agent
to exercise and enforce their rights and remedies hereunder and under any other
Loan Document with respect to any Collateral. The applicable Loan Part(y/ies)
shall promptly deliver to the Collateral Agent a copy of each such instrument
and evidence of its proper filing or recording, as necessary.

         7.15     Status of Mortgaged Properties; Recording of Collateral
Documents.

         (a)      No Loan Party or Special Guarantor shall, at any time, take,
approve of or consent to any action (including, without limitation, any sale or
other disposition of any interest of the Borrower or the Special Guarnators)
that in any manner interferes with or could interfere with, the interests,
rights and remedies of the Secured Parties created by any Mortgage Instruments
or any Assignments of Leases executed in connection with this Agreement.

         (b)      No Loan Party or Special Guarantor shall, at any time, shall
permit any Mortgaged Property to be a Flood Hazard Property (except to the
extent the Borrower has provided the Administrative Agent with evidence,
satisfactory to the Administrative Agent, that it has obtained, or caused to be
obtained, proper flood insurance coverage with respect to such Mortgaged
Property).

                                       39

<PAGE>

         (c)      The applicable parties shall, at all times, shall have
delivered to the Administrative Agent fully executed and notarized (i) Mortgage
Instruments and (ii) Assignments of Leases, with respect to each Mortgaged
Property and such Mortgage Instruments and Assignments of Leases shall, at all
times, constitute first priority Liens with respect to the Remainder Interests
of the Borrower and all rights and interests held by the Special Guarantors in
connection with the Mortgaged Properties.

         (d)      The Mortgage Instruments and Assignments of Leases delivered
by the Borrower and the Special Guarantors to the Administrative Agent in
connection with the Mortgaged Properties shall not be recorded by the
Administrative Agent or any Secured Party unless: (i) an Event of Default exists
under this Credit Agreement and (ii) the Required Lenders vote to record or
cause to be recorded such Mortgage Instruments and Assignments of Leases. Upon
the satisfaction of the conditions set forth in clauses (i) and (ii) above, the
Administrative Agent shall record, shall direct the Borrower and/or the
applicable Special Guarnator(s) to record, or shall otherwise cause to be
recorded each of the Mortgage Instruments and Assignments of Leases held
pursuant to the terms hereof and may obtain or cause to be obtained any title
policies (including, without limitation, title policies issued in connection
with the Mortgage Commitments), updates or endorsements it deems necessary.

         (e)      The Borrower shall immediately pay to the Administrative
Agent, in addition to all other amounts due hereunder, all filing/recording fees
and expenses and all fees and expenses associated with the procurement of title
policies or endorsements (including, without limitation and with respect to
each, any administrative expenses or attorneys' fees) incurred by the
Administrative Agent or any Secured Party at any time in connection with any
filing and/or recording of any Collateral Document (including, without
limitation, the filing/recording of any Mortgage Instruments and/or Assignments
of Leases).

The Borrower hereby acknowledges and agrees that in the event the Administrative
Agent files and/or records any Mortgage Instruments pursuant to Sections 7.15(c)
and (d) above, such fees and expenses may be substantial in nature and that its
obligations pursuant to Sections 7.15(d) and (e) shall endure regardless of the
amount of such fees and expenses. Notwithstanding anything to the contrary
contained herein, the Assignments of Leases executed by the Borrower with
respect to the Mortgaged Properties may be included in any applicable Mortgage
Instrument with respect to such Mortgaged Properties and need not be located in
a separate document.

         7.16     Approved Leases.

         Each of the Loan Parties shall cause each Approved Lease, at all times,
to be a lease of a parcel of Mortgaged Property (exclusive of furniture,
fixtures and equipment) located in the United States which satisfies all of the
following requirements: (a) each tenant under such lease shall be an Eligible
Lessee; (b) the Borrower shall own the Remainder Interests in and the current
beneficial interests with respect to the underlying Mortgaged Property and the
Special Guarantors, collectively, shall hold legal title to the underlying
Mortgaged Property under the Trust Documents; (c) neither such Mortgaged
Property nor any interest therein of the Borrower or the Special Guarantors,
shall be subject to (i) any Lien other than Permitted Liens of the types
described in clauses (a) through (c) of the definition thereof or (ii) any
Negative Pledge (other than as provided in this Agreement); (d) no required
rental payment or other payment due under such lease is more than seven (7) days
past due; and (e) the Collateral Agent shall have received an Assignment of
Leases with respect to such Approved Lease.

         7.17     Financial Covenants.

         The LP Guarantor shall, at all times:

         (a)      maintain a Tangible Net Worth equal to greater than
$325,000,000.00; and

         (b)      maintain a TL/TA Ratio that is less than or equal to 0.85.

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<PAGE>

                                  ARTICLE VIII
                          ADDITIONAL NEGATIVE COVENANTS

         For so long as this Agreement is in effect, unless the Required Lenders
(or, if required pursuant to Section 11.01, all of the Lenders) shall otherwise
consent in the manner set forth in Section 11.01, each of the Loan Parties, as
applicable, and, where expressly noted, the Special Guarantors, shall comply
with the following covenants:

         8.01     Liens.

         No Loan Party shall create, incur, assume or suffer to exist any Lien
upon any of the Borrower's property, assets or revenues, whether now owned or
hereafter acquired, other than the following:

                  (a)   Liens pursuant to any Loan Document;

                  (b)   Liens (other than Liens imposed under ERISA) for taxes,
         assessments or governmental charges or levies not yet due or which are
         being contested in good faith and by appropriate proceedings diligently
         conducted, if adequate reserves with respect thereto are maintained on
         the books of the applicable Person in accordance with GAAP;

                  (c)   Liens of carriers, warehousemen, mechanics, materialmen
         and suppliers and other Liens imposed by law or pursuant to customary
         reservations or retentions of title arising in the ordinary course of
         business, provided that such Liens (i) secure only amounts not yet due
         and payable or, if due and payable, are unfiled and no other action has
         been taken to enforce the same or are being contested in good faith by
         appropriate proceedings for which adequate reserves determined in
         accordance with GAAP have been established and (ii) do not secure, in
         the aggregate, an amount in excess of $1,000,000.00;

                  (d)   pledges or deposits in the ordinary course of business
         in connection with workers' compensation, unemployment insurance and
         other social security legislation, other than any Lien imposed by
         ERISA; provided, that such Liens do not secure, in the aggregate, an
         amount in excess of $1,000,000.00;

                  (e)   deposits to secure the performance of bids, trade
         contracts and leases (other than Indebtedness), statutory obligations,
         surety bonds (other than bonds related to judgments or litigation),
         performance bonds and other obligations of a like nature incurred in
         the ordinary course of business; provided, that such Liens do not
         secure, in the aggregate, an amount in excess of $1,000,000.00;

                  (f)   easements, rights-of-way, restrictions and other similar
         encumbrances affecting real property which, in the aggregate, are not
         substantial in amount, and which do not in any case materially detract
         from the value of the property subject thereto or materially interfere
         with the ordinary conduct of the business of the Borrower;

                  (g)   Liens securing judgments for the payment of money not
         constituting an Event of Default under Section 9.01(g) or securing
         appeal or other surety bonds related to such judgments; and

                  (h)   Liens of sellers of goods to the Borrower arising under
         Article 2 of the Uniform Commercial Code or similar provisions of
         applicable law in the ordinary course of business, covering only the
         goods sold and securing only the unpaid purchase price for such goods
         and related expenses; provided, that such Liens do not secure, in the
         aggregate, an amount in excess of $1,000,000.00.

         8.02     Investments.

         Neither the Borrower nor the Parent Guarantor shall make any
Investments, except Investments held by the Borrower or Parent Guarantor in the
form of Cash Equivalents.

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<PAGE>

         8.03     Indebtedness.

         Neither the Borrower nor the Parent Guarantor shall create, incur,
assume or suffer to exist any Indebtedness, except:

                  (a)   Indebtedness under the Loan Documents;

                  (b)   obligations (contingent or otherwise) of the Borrower
         existing or arising under any Swap Contract, provided that (i) such
         obligations are (or were) entered into by Borrower in the ordinary
         course of business for the purpose of directly mitigating risks
         associated with liabilities, commitments, investments, assets, or
         property held or reasonably anticipated by Borrower, or changes in the
         value of securities issued by such Person, and not for purposes of
         speculation or taking a "market view;" and (ii) such Swap Contract does
         not contain any provision exonerating the non-defaulting party from its
         obligation to make payments on outstanding transactions to the
         defaulting party;

                  (c)   Indebtedness of the Borrower in the form of trade
         payables incurred in the ordinary course of business; provided, that
         such Indebtedness shall not, in the aggregate, exceed an amount equal
         to $1,000,000.00; and

                  (d)   Guaranty Obligations with respect to Indebtedness
         permitted pursuant to this Section 8.03.

Notwithstanding the foregoing, neither the Borrower nor the Parent Guarantor
shall create, incur or assume any Indebtedness after the Closing Date if
immediately prior to the creation, incurring or assumption thereof, or
immediately thereafter and after giving effect thereto, a Default or Event of
Default is or would be in existence, including without limitation, a Default or
Event of Default resulting from a violation of any of the covenants contained in
this Section 8.03.

         8.04     Fundamental Changes; Dispositions.

         Neither the Borrower nor the Parent Guarantor shall, in any case,
merge, dissolve, liquidate, consolidate with or into another Person, or Dispose
of any of its rights or interests with respect to the Mortgaged Properties,
Approved Leases or its other Property to or in favor of any Person, except to
the extent expressly permitted by the Administrative Agent in writing. LP
Guarantor shall not, merge, dissolve, liquidate, consolidate with or into
another Person, or Dispose of (whether in one transaction or in a series of
transactions) all or substantially all of its assets (whether now owned or
hereafter acquired) to or in favor of any Person. LP Guarantor shall not make
any Disposition unless (a) the consideration paid in connection therewith shall
be cash or Cash Equivalents and shall be in an amount not less than the fair
market value of the Property disposed of, (b) such transaction does not involve
the sale or other disposition of an equity interest in the Parent Guarantor or
Borrower. No Special Guarantor shall Dispose of any of its rights or interests
with respect to the Mortgaged Properties, Approved Leases or other Property held
in trust by it under the Trust Documents.

         8.05     Restricted Payments; Equity Issuances; Debt Issuances.

         Borrower shall not (a) declare or make, directly or indirectly, any
Restricted Payment, or incur any obligation (contingent or otherwise) to do so;
or (b) conduct or declare any Equity Issuance or Debt Issuance.

         8.06     Change in Nature of Business.

         No Loan Party shall engage in any material line of business
substantially different from those lines of business conducted by such Person on
the date hereof or any business substantially related or incidental thereto.

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<PAGE>

         8.07 Transactions with Affiliates and Insiders.

         Neither the Borrower nor the Parent Guarantor shall enter into or
permit to exist (except to the extent listed on Schedule 6.24 or otherwise
approved by the Administrative Agent) any transaction or series of transactions
with any of its officers, directors, or Affiliates.

         8.08 Contractual Obligations; Sale and Leasback Agreements.

         (a)  Neither the Borrower nor the Parent Guarantor shall enter into any
Sale and Leaseback Transaction or enter into any Contractual Obligations except
to the extent approved by the Administrative Agent in writing or, with respect
to Contractual Obligations, to the extent such Contractual Obligations are
directly related to the operation of the Borrower's or Parent Guarantor's (as
applicable) Businesses, are entered into in the ordinary course of the
Borrower's or Parent Guarantor's (as applicable) business and are not otherwise
prohibited pursuant to the terms of this Agreement or any other Loan Document.

         (b)  Notwithstanding the provisions contained in clause (a) of this
Section 8.08, neither the Borrower nor the Parent Guarantor shall enter into any
Contractual Obligation (other than the Loan Documents and the Approved Leases)
that encumbers, prohibits or restricts the ability of Borrower or Parent
Guarantor (as applicable) to (i) pay dividends or make any other distributions
to the LP Guarantor on its Capital Stock or with respect to any other interest
or participation in, or measured by, its profits, (ii) pay any Indebtedness or
other obligation owed to any Person, (iii) sell, lease or transfer any of its
Property to any Person, (iv) pledge its Property pursuant to the Loan Documents
or any renewals, refinancings, exchanges, refundings or extension thereof, or
(v) act as the borrower pursuant to the Loan Documents or any renewals,
refinancings, exchanges, refundings or extension thereof, except, in each case,
in connection with any Permitted Lien or any document or instrument governing
any Permitted Lien, provided that any such restriction contained therein relates
only to the asset or assets subject to such Permitted Lien. Further, neither the
Borrower nor the Parent Guarantor shall enter into any Contractual Obligation
that prohibits or otherwise restricts the existence of any Lien upon any of its
Property in favor of Collateral Agent for the benefit of the Secured Parties for
the purpose of securing the Obligations, whether now owned or hereafter
acquired, or requiring the grant of any security for any obligation if such
Property is given as security for the Obligations, except, in each case, in
connection with any Permitted Lien or any document or instrument governing any
Permitted Lien, provided that any such restriction contained therein relates
only to the asset or assets subject to such Permitted Lien.

         8.09 Use of Proceeds.

         Borrower shall not use the proceeds of any Term Loan, whether directly
or indirectly, and whether immediately, incidentally or ultimately, to purchase
or carry margin stock (within the meaning of Regulation U of the FRB) or to
extend credit to others for the purpose of purchasing or carrying margin stock
or to refund indebtedness originally incurred for such purpose.

         8.10 Subsidiaries; Ownership/Certification of Capital Stock.

         Neither the Borrower nor the Parent Guarantor shall create any
Subsidiary or acquire or otherwise obtain any interest in any entity that would
qualify as a Subsidiary and shall not otherwise purchase, hold or otherwise have
an interest in any Capital Stock of any other Person (except, in the case of the
Parent Guarantor, the Borrower). No Loan Party shall permit the Capital Stock of
either the Borrower or the Parent Guarantor to be put into certificated form.

         8.11 Prepayment of Other Indebtedness, Etc.

         Neither the Borrower nor the Parent Guarantor shall (a) amend or modify
any of the terms of any of its Indebtedness, or (b) make (or give any notice
with respect thereto) any voluntary or optional payment or prepayment or
redemption or acquisition for value of (including without limitation, by way of
depositing money or securities with the trustee with respect thereto before due
for the purpose of paying when due), refund, refinance or exchange of any of its
Indebtedness (except Indebtedness under the Loan Documents).

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         8.12 Organization Documents; Fiscal Year.

         No Loan Party shall (a) amend, modify or change its Organization
Documents in a manner adverse to the Lenders or (b) change its fiscal year.

         8.13 Status of Approved Leases and Mortgaged Properties.

         Borrower shall not (and shall not cause or permit any lessor under any
Approved Lease to), without the prior written approval of the Administrative
Agent, (a) permit any of the parties to or material terms or conditions of
(including the amount of Base Rent payable and the dates of payment thereof) any
of the Approved Leases to change during the term of this Agreement; (b) deliver
any notices to any Person under any Approved Lease which permits, approves,
consents to or otherwise allows or provides for the allowance of the termination
of such Approved Lease with respect to any Mortgaged Property or any portion
thereof; (c) permit to occur any "Terminating Events" or "Terminations" under
any Approved Lease, except as scheduled in such Approved Lease; (d) elect,
pursuant to the terms of the applicable Approved Lease, to retain or dispose of
any portion of any Mortgaged Property that is no longer subject to an Approved
Lease or to accept or reject (or cause or permit any lessor under any Approved
Lease to accept or reject) any offer of the applicable lessee to purchase any
Mortgaged Property pursuant to the terms of an Approved Lease; (e) request,
exercise, exercise any rights or remedies permitting it to require or otherwise
demand, accept (except as specifically required pursuant to the applicable
Approved Lease) or reject payment of any "Stipulated Loss Value" or other
amounts payable in connection with the termination of any Approved Lease; (f)
permit any payments made by any lessee under an Approved Lease to be paid in any
manner other than as directed by the Administrative Agent or to be made in any
manner which prevents such payments from constituting cash collateral subject to
a perfected security interest in favor of the Collateral Agent or the
Administrative Agent; or (g) otherwise exercise any rights or remedies which
under the Approved Leases or any documents related thereto which could result in
a decrease in any basic rental payments under any Approved Lease.

         8.14 Operating Lease Obligations.

         Neither the Borrower nor the Parent Guarantor shall enter into, assume
or permit to exist any obligations for the payment of rental under Operating
Leases.

                                   ARTICLE IX
                         EVENTS OF DEFAULT AND REMEDIES

         9.01 Events of Default.

         Any of the following shall constitute an Event of Default:

              (a) Non-Payment. Any Loan Party or Special Guarantor fails to pay
         (i) when and as required to be paid herein, any amount of principal of
         any Term Loan, or (ii) within three days after the same becomes due,
         any interest on any Term Loan, any commitment or other fee due
         hereunder or any other amount payable hereunder or under any other Loan
         Document; or

              (b) Specific Covenants. Any Loan Party or Special Guarantor fails
         to perform or observe any term, covenant or agreement contained in any
         of Section 7.01, 7.02, 7.03, 7.05, 7.07, 7.11, 7.12, 7.13, 7.14, 7.15,
         7.16, 7.17 or Article VIII; or

              (c) Other Defaults. Any Loan Party or Special Guarantor fails to
         perform or observe any other covenant or agreement (not specified in
         subsection (a) or (b) above) contained in any Loan Document on its part
         to be performed or observed and such failure continues for 10 days; or

              (d) Representations and Warranties. Any representation, warranty,
         certification or statement of fact made or deemed made by or on behalf
         of the Borrower, any other Loan Party or any Special

                                       44

<PAGE>

         Guarantor herein, in any other Loan Document, or in any document
         delivered in connection herewith or therewith shall be incorrect or
         misleading in any material respect when made or deemed made; or

                  (e) Cross-Default. (i) Any Loan Party or Special Guarantor (as
         applicable) (A) fails to perform or observe (beyond the applicable
         grace period with respect thereto, if any) any Contractual Obligation
         if such failure could reasonably be expected to have a Material Adverse
         Effect, (B) fails to make any payment when due (whether by scheduled
         maturity, required prepayment, acceleration, demand, or otherwise) in
         respect of any Indebtedness or Guarantee (other than Indebtedness
         hereunder and Indebtedness under Swap Contracts) having an aggregate
         principal amount (including undrawn committed or available amounts and
         including amounts owing to all creditors under any combined or
         syndicated credit arrangement) in excess of $5,000,000.00, or (C) fails
         to observe or perform any other agreement or condition relating to any
         such Indebtedness or Guarantee or contained in any instrument or
         agreement evidencing, securing or relating thereto, or any other event
         occurs, the effect of which default or other event is to cause, or to
         permit the holder or holders of such Indebtedness or the beneficiary or
         beneficiaries of such Guarantee (or a trustee or agent on behalf of
         such holder or holders or beneficiary or beneficiaries) to cause, with
         the giving of notice if required, such Indebtedness to be demanded or
         to become due or to be repurchased, prepaid, defeased or redeemed
         (automatically or otherwise), or an offer to repurchase, prepay,
         defease or redeem such Indebtedness to be made, prior to its stated
         maturity, or such Guarantee to become payable or cash collateral in
         respect thereof to be demanded; (ii) there occurs under any Swap
         Contract with the Borrower an Early Termination Date (as defined in
         such Swap Contract) resulting from (A) any event of default under such
         Swap Contract as to which the Borrower is the Defaulting Party (as
         defined in such Swap Contract) or (B) any Termination Event (as so
         defined) under such Swap Contract as to which the Borrower is an
         Affected Party (as so defined); or

                  (f) Insolvency Proceedings, Etc. Any Loan Party is subject to
         a Bankruptcy Event; or

                  (g) Judgments. There is entered (i) against the Borrower or
         the Parent Guarantor (A) any one or more final judgments or orders for
         the payment of money in an aggregate amount exceeding the Threshold
         Amount (to the extent not covered by independent third-party insurance
         as to which the insurer does not dispute coverage), or (B) any one or
         more non-monetary final judgments that have, or could reasonably be
         expected to have, individually or in the aggregate, a Material Adverse
         Effect and, in either case, (1) enforcement proceedings are commenced
         by any creditor upon such judgment or order, or (2) there is a period
         of 10 consecutive days during which a stay of enforcement of such
         judgment, by reason of a pending appeal or otherwise, is not in effect
         or (ii) against the LP Guarantor (A) any one or more final judgments or
         orders for the payment of money in an aggregate amount exceeding the
         Threshold Amount (to the extent not covered by independent third-party
         insurance as to which the insurer does not dispute coverage), or (B)
         any one or more non-monetary final judgments that have, or could
         reasonably be expected to have, individually or in the aggregate, a
         Material Adverse Effect and, in either case, (1) enforcement
         proceedings are commenced by any creditor upon such judgment or order,
         or (2) there is a period of 10 consecutive days during which a stay of
         enforcement of such judgment, by reason of a pending appeal or
         otherwise, is not in effect; or

                  (h) ERISA. (i) An ERISA Event occurs with respect to a Pension
         Plan or Multiemployer Plan which has resulted or could reasonably be
         expected to result in liability of the Borrower under Title IV of ERISA
         to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate
         amount in excess of the Threshold Amount, or (ii) the Borrower or any
         ERISA Affiliate fails to pay when due, after the expiration of any
         applicable grace period, any installment payment with respect to its
         withdrawal liability under Section 4201 of ERISA under a Multiemployer
         Plan in an aggregate amount in excess of the Threshold Amount; or

                  (i) Invalidity of Loan Documents; Guarantees. (i) Any Loan
         Document, at any time after its execution and delivery and for any
         reason other than as expressly permitted hereunder or satisfaction in
         full of all the Obligations, ceases to be in full force and effect; or
         any Loan Party or any other Person contests in any manner the validity
         or enforceability of any Loan Document; or any Loan Party denies that
         it has any or further liability or obligation under any Loan Document,
         or purports to revoke, terminate or rescind any Loan Document; or (ii)
         the Guaranty given by any Guarantor hereunder or any provision thereof
         shall

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<PAGE>

         cease to be in full force and effect, or any Guarantor hereunder or any
         Person acting by or on behalf of such Guarantor shall deny or disaffirm
         such Guarantor's obligations under its Guaranty, or any Guarantor shall
         default in the due performance or observance of any term, covenant or
         agreement on its part to be performed or observed pursuant to its
         Guaranty; or

              (j) Change of Control. There occurs any Change of Control; or

              (k) Trust Document Default. There occurs any default or event of
         default under the terms and conditions of the Trust Documents.

         9.02 Remedies Upon Event of Default.

         If any Event of Default occurs and is continuing, the Administrative
Agent shall, at the request of, or may, with the consent of, the Required
Lenders, take any or all of the following actions:

              (a) declare the commitment of each Lender to make the Term Loans
         to be terminated, whereupon such commitments and obligation shall be
         terminated;

              (b) declare the unpaid principal amount of all outstanding Term
         Loans, all interest accrued and unpaid thereon, and all other amounts
         owing or payable hereunder or under any other Loan Document to be
         immediately due and payable, without presentment, demand, protest or
         other notice of any kind, all of which are hereby expressly waived by
         the Borrower; and

              (c) exercise on behalf of itself and the Lenders all rights and
         remedies available to it and the Lenders under the Loan Documents
         (including, without limitation, the recordation of the Mortgage
         Instruments and Assignment of Leases pursuant to Section 7.15 hereof)
         or applicable Law;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to the Borrower under the Bankruptcy Code of the
United States, the obligation of each Lender to make Term Loans and the unpaid
principal amount of all outstanding Term Loans and all interest and other
amounts as aforesaid shall automatically become due and payable, in each case
without further act of the Administrative Agent or any Lender.

         9.03 Application of Funds.

         After the acceleration of the Obligations as provided for in Section
9.02(b) (or after the Term Loans have automatically become immediately due and
payable as set forth in the proviso to Section 9.02), any amounts received on
account of the Obligations shall be applied by the Administrative Agent in the
following order:

         First, to payment of that portion of the Obligations constituting fees,
indemnities, expenses and other amounts (including Attorney Costs and amounts
payable under Article III) payable to the Administrative Agent in its capacity
as such;

         Second, to payment of that portion of the Obligations constituting
fees, indemnities and other amounts (other than principal and interest) payable
to the Lenders (including Attorney Costs and amounts payable under Article III),
ratably among them in proportion to the amounts described in this clause Second
payable to them;

         Third, to payment of that portion of the Obligations constituting
accrued and unpaid interest on the Term Loans, ratably among the Lenders in
proportion to the respective amounts described in this clause Third payable to
them;

         Fourth, to payment of that portion of the Obligations constituting
unpaid principal of the Term Loans ratably among the Lenders in proportion to
the respective amounts described in this clause Fourth held by them;

         Fifth, to payment of that portion of the Obligations constituting
unpaid principal under Swap Contracts between the Borrower and any Lender of
Affiliate of any Lender, ratably among the Lenders (or their Affiliates, as
applicable) in proportion to the respective amounts described in this clause
Fifth held by them; and

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<PAGE>

         Last, the balance, if any, after all of the Obligations have been
indefeasibly paid in full, to the Borrower or as otherwise required by Law.

                                    ARTICLE X
                              ADMINISTRATIVE AGENT

         10.01 Appointment and Authorization of Administrative Agent.

         Each Lender hereby irrevocably appoints, designates and authorizes the
Administrative Agent to take such action on its behalf under the provisions of
this Agreement and each other Loan Document and to exercise such powers and
perform such duties as are expressly delegated to it by the terms of this
Agreement or any other Loan Document, together with such powers as are
reasonably incidental thereto. Notwithstanding any provision to the contrary
contained elsewhere herein or in any other Loan Document, the Administrative
Agent shall not have any duties or responsibilities, except those expressly set
forth herein, nor shall the Administrative Agent have or be deemed to have any
fiduciary relationship with any Lender or participant, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Loan Document or otherwise exist against the
Administrative Agent. Without limiting the generality of the foregoing sentence,
the use of the term "agent" herein and in the other Loan Documents with
reference to the Administrative Agent is not intended to connote any fiduciary
or other implied (or express) obligations arising under agency doctrine of any
applicable Law. Instead, such term is used merely as a matter of market custom,
and is intended to create or reflect only an administrative relationship between
independent contracting parties.

         10.02 Delegation of Duties.

         The Administrative Agent may execute any of its duties under this
Agreement or any other Loan Document by or through agents, employees or
attorneys-in-fact and shall be entitled to advice of counsel and other
consultants or experts concerning all matters pertaining to such duties. The
Administrative Agent shall not be responsible for the negligence or misconduct
of any agent or attorney-in-fact that it selects in the absence of gross
negligence or willful misconduct.

         10.03 Liability of Administrative Agent.

         No Agent-Related Person shall (a) be liable for any action taken or
omitted to be taken by any of them under or in connection with this Agreement or
any other Loan Document or the transactions contemplated hereby (except for its
own gross negligence or willful misconduct in connection with its duties
expressly set forth herein), or (b) be responsible in any manner to any Lender
or participant for any recital, statement, representation or warranty made by
any Loan Party, Special Guarantor or any officer of any of them, contained
herein or in any other Loan Document, or in any certificate, report, statement
or other document referred to or provided for in, or received by the
Administrative Agent under or in connection with, this Agreement or any other
Loan Document, or the validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or any other Loan Document, or for any failure of
any Loan Party, Special Guarantor or any other party to any Loan Document to
perform its obligations hereunder or thereunder. No Agent-Related Person shall
be under any obligation to any Lender or participant to ascertain or to inquire
as to the observance or performance of any of the agreements contained in, or
conditions of, this Agreement or any other Loan Document, or to inspect the
properties, books or records of any Loan Party or any Affiliate thereof.

         10.04 Reliance by Administrative Agent.

         (a) The Administrative Agent shall be entitled to rely, and shall be
fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, consent, certificate, affidavit, letter,
telegram, facsimile, telex or telephone message, electronic mail message,
statement or other document or conversation believed by it to be genuine and
correct and to have been signed, sent or made by the proper Person or Persons,
and upon advice and statements of legal counsel (including counsel to any Loan
Party or any Special Guarantor), independent accountants and other experts
selected by the Administrative Agent. The Administrative Agent shall be fully
justified in failing or refusing to take any action under any Loan Document
unless it shall first

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<PAGE>

receive such advice or concurrence of the Required Lenders as it deems
appropriate and, if it so requests, it shall first be indemnified to its
satisfaction by the Lenders against any and all liability and expense which may
be incurred by it by reason of taking or continuing to take any such action. The
Administrative Agent shall in all cases be fully protected in acting, or in
refraining from acting, under this Agreement or any other Loan Document in
accordance with a request or consent of the Required Lenders (or such greater
number of Lenders as may be expressly required hereby in any instance) and such
request and any action taken or failure to act pursuant thereto shall be binding
upon all the Lenders.

         (b) For purposes of determining compliance with the conditions
specified in Section 5.01, each Lender that has signed this Agreement shall be
deemed to have consented to, approved or accepted or to be satisfied with, each
document or other matter required thereunder to be consented to or approved by
or acceptable or satisfactory to a Lender unless the Administrative Agent shall
have received notice from such Lender prior to the proposed Closing Date/Advance
Date (as applicable) specifying its objection thereto.

         10.05 Notice of Default.

         The Administrative Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default, except with respect to defaults in the
payment of principal, interest and fees required to be paid to the
Administrative Agent for the account of the Lenders, unless the Administrative
Agent shall have received written notice from a Lender or the Borrower referring
to this Agreement, describing such Default and stating that such notice is a
"notice of default." The Administrative Agent will notify the Lenders of its
receipt of any such notice. The Administrative Agent shall take such action with
respect to such Default as may be directed by the Required Lenders in accordance
with Article IX; provided, however, that unless and until the Administrative
Agent has received any such direction, the Administrative Agent may (but shall
not be obligated to) take such action, or refrain from taking such action, with
respect to such Default as it shall deem advisable or in the best interest of
the Lenders.

         10.06 Credit Decision; Disclosure of Information by Administrative
               Agent.

         Each Lender acknowledges that no Agent-Related Person has made any
representation or warranty to it, and that no act by the Administrative Agent
hereafter taken, including any consent to and acceptance of any assignment or
review of the affairs of any Loan Party, any Special Guarantor or any officer of
any of them, shall be deemed to constitute any representation or warranty by any
Agent-Related Person to any Lender as to any matter, including whether
Agent-Related Persons have disclosed material information in their possession.
Each Lender represents to the Administrative Agent that it has, independently
and without reliance upon any Agent-Related Person and based on such documents
and information as it has deemed appropriate, made its own appraisal of and
investigation into the business, prospects, operations, property, financial and
other condition and creditworthiness of the Loan Parties, Special Guarantors and
their respective Subsidiaries, and all applicable bank or other regulatory Laws
relating to the transactions contemplated hereby, and made its own decision to
enter into this Agreement and to extend credit to the Borrower hereunder. Each
Lender also represents that it will, independently and without reliance upon any
Agent-Related Person and based on such documents and information as it shall
deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement and
the other Loan Documents, and to make such investigations as it deems necessary
to inform itself as to the business, prospects, operations, property, financial
and other condition and creditworthiness of the Borrower, the other Loan Parties
and the Special Guarantors. Except for notices, reports and other documents
expressly required to be furnished to the Lenders by the Administrative Agent
herein, the Administrative Agent shall not have any duty or responsibility to
provide any Lender with any credit or other information concerning the business,
prospects, operations, property, financial and other condition or
creditworthiness of any of the Loan Parties, Special Guarantors or any of their
respective Affiliates which may come into the possession of any Agent-Related
Person.

         10.07 Indemnification of Administrative Agent.

         Whether or not the transactions contemplated hereby are consummated,
the Lenders shall indemnify upon demand each Agent-Related Person (to the extent
not reimbursed by or on behalf of any Loan Party or Special Guarantor and
without limiting the obligation of any Loan Party or Special Guarantor to do
so), pro rata, and hold harmless each Agent-Related Person from and against any
and all Indemnified Liabilities incurred by it; provided,

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<PAGE>

however, that no Lender shall be liable for the payment to any Agent-Related
Person of any portion of such Indemnified Liabilities to the extent determined
in a final, nonappealable judgment by a court of competent jurisdiction to have
resulted from such Agent-Related Person's own gross negligence or willful
misconduct; provided, however, that no action taken in accordance with the
directions of the Required Lenders shall be deemed to constitute gross
negligence or willful misconduct for purposes of this Section. Without
limitation of the foregoing, each Lender shall reimburse the Administrative
Agent upon demand for its ratable share of any costs or out-of-pocket expenses
(including Attorney Costs) incurred by the Administrative Agent in connection
with the preparation, execution, delivery, administration, modification,
amendment or enforcement (whether through negotiations, legal proceedings or
otherwise) of, or legal advice in respect of rights or responsibilities under,
this Agreement, any other Loan Document, or any document contemplated by or
referred to herein, to the extent that the Administrative Agent is not
reimbursed for such expenses by or on behalf of the Borrower. The undertaking in
this Section shall survive termination of the Aggregate Commitments, the payment
of all other Obligations and the resignation of the Administrative Agent.

         10.08 Administrative Agent in its Individual Capacity.

         Bank of America and its Affiliates may make loans to, issue letters of
credit for the account of, accept deposits from, acquire equity interests in and
generally engage in any kind of banking, trust, financial advisory, underwriting
or other business with each of the Loan Parties, Special Guarnators and their
respective Affiliates as though Bank of America were not the Administrative
Agent hereunder and without notice to or consent of the Lenders. The Lenders
acknowledge that, pursuant to such activities, Bank of America or its Affiliates
may receive information regarding any Loan Party, any Special Guarantor or any
affiliates of any of them (including information that may be subject to
confidentiality obligations in favor of such Loan Party, Special Guarantor or
such Affiliate) and acknowledge that the Administrative Agent shall be under no
obligation to provide such information to them. With respect to its Term Loan,
Bank of America shall have the same rights and powers under this Agreement as
any other Lender and may exercise such rights and powers as though it were not
the Administrative Agent, and the terms "Lender" and "Lenders" include Bank of
America in its individual capacity.

         10.09 Successor Administrative Agent.

         The Administrative Agent may resign as Administrative Agent upon 30
days' notice to the Lenders. If the Administrative Agent resigns under this
Agreement, the Required Lenders shall appoint from among the Lenders a successor
administrative agent for the Lenders, which successor administrative agent shall
be consented to by the Borrower at all times other than during the existence of
an Event of Default (which consent of the Borrower shall not be unreasonably
withheld or delayed). If no successor administrative agent is appointed prior to
the effective date of the resignation of the Administrative Agent, the
Administrative Agent may appoint, after consulting with the Lenders and the
Borrower, a successor administrative agent from among the Lenders. Upon the
acceptance of its appointment as successor administrative agent hereunder, the
Person acting as such successor administrative agent shall succeed to all the
rights, powers and duties of the retiring Administrative Agent and the term
"Administrative Agent" shall mean such successor administrative agent, and the
retiring Administrative Agent's appointment, powers and duties as Administrative
Agent shall be terminated without any other or further act or deed on the part
of such retiring Administrative Agent or any other Lender. After any retiring
Administrative Agent's resignation hereunder as Administrative Agent, the
provisions of this Article X and Sections 11.04 and 11.05 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was
Administrative Agent under this Agreement. If no successor administrative agent
has accepted appointment as Administrative Agent by the date which is 30 days
following a retiring Administrative Agent's notice of resignation, the retiring
Administrative Agent's resignation shall nevertheless thereupon become effective
and the Lenders shall perform all of the duties of the Administrative Agent
hereunder until such time, if any, as the Required Lenders appoint a successor
agent as provided for above.

         10.10 Administrative Agent May File Proofs of Claim.

         In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to any Loan Party or Special Guarantor, the
Administrative Agent (irrespective of whether the principal of any Term Loan
shall then be due and payable as herein expressed or by declaration or otherwise
and irrespective of whether the Administrative Agent shall have

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<PAGE>

made any demand on the Borrower) shall be entitled and empowered, by
intervention in such proceeding or otherwise

               (a) to file and prove a claim for the whole amount of the
         principal and interest owing and unpaid in respect of the Term Loans
         and all other Obligations that are owing and unpaid and to file such
         other documents as may be necessary or advisable in order to have the
         claims of the Lenders and the Administrative Agent (including any claim
         for the reasonable compensation, expenses, disbursements and advances
         of the Lenders and the Administrative Agent and their respective agents
         and counsel and all other amounts due the Lenders and the
         Administrative Agent under Sections 2.03(i) and (j), 2.08 and 11.04)
         allowed in such judicial proceeding; and

               (b) to collect and receive any monies or other property payable
         or deliverable on any such claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by
each Lender to make such payments to the Administrative Agent and, in the event
that the Administrative Agent shall consent to the making of such payments
directly to the Lenders, to pay to the Administrative Agent any amount due for
the reasonable compensation, expenses, disbursements and advances of the
Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Sections 2.08 and 11.04.

         Nothing contained herein shall be deemed to authorize the
Administrative Agent to authorize or consent to or accept or adopt on behalf of
any Lender any plan of reorganization, arrangement, adjustment or composition
affecting the Obligations or the rights of any Lender or to authorize the
Administrative Agent to vote in respect of the claim of any Lender in any such
proceeding.

         10.11 Collateral and Guaranty Matters.

         The Lenders irrevocably authorize the Administrative Agent, at its
         option and in its discretion,

               (a) to release any Lien on any property granted to or held by the
         Administrative Agent under any Loan Document (i) upon termination of
         the Aggregate Commitments and payment in full of all Obligations (other
         than contingent indemnification obligations) or (ii) subject to Section
         11.01, if approved, authorized or ratified in writing by the Required
         Lenders; and

               (b) to subordinate any Lien on any Property granted to or held by
         the Administrative Agent under any Loan Document to the holder of any
         Lien on such Property that is permitted by Section 8.01(h).

         Upon request by the Administrative Agent at any time, the Required
Lenders will confirm in writing the Administrative Agent's authority to release
or subordinate its interest in particular types or items of Property pursuant to
this Section 10.11.

         10.12 Other Agents; Arrangers and Managers.

         None of the Lenders or other Persons identified on the facing page or
signature pages of this Agreement as a "syndication agent," "documentation
agent," "co-agent," "book manager," "lead manager," "arranger," "lead arranger"
or "co-arranger" shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than, in the case of such
Lenders, those applicable to all Lenders as such. Without limiting the
foregoing, none of the Lenders or other Persons so identified shall have or be
deemed to have any fiduciary relationship with any Lender. Each Lender
acknowledges that it has not relied, and will not rely, on any of the Lenders or
other Persons so identified in deciding to enter into this Agreement or in
taking or not taking action hereunder.

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                                   ARTICLE XI
                                  MISCELLANEOUS

         11.01 Amendments, Etc.

         No amendment or waiver of any provision of this Agreement or any other
Loan Document, and no consent to any departure by the Borrower or any other Loan
Party or Special Guarantor therefrom, shall be effective unless in writing
signed by the Required Lenders and the Borrower or the applicable Loan Party or
Special Guarantor, as the case may be, and acknowledged by the Administrative
Agent, and each such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given; provided, however, that
no such amendment, waiver or consent shall:

               (a) extend or increase the Commitment of any Lender (or reinstate
         any Commitment terminated pursuant to Section 9.02) without the written
         consent of such Lender (it being understood and agreed that a waiver of
         any condition precedent set forth in Section 5.02 or of any Default or
         Event of Default or mandatory reduction in the Commitments shall not
         constitute a change in the terms of any Commitment of any Lender);

               (b) postpone any date fixed by this Agreement or any other Loan
         Document for any payment (excluding mandatory prepayments) of
         principal, interest, fees or other amounts due to the Lenders (or any
         of them) hereunder or under any other Loan Document without the written
         consent of each Lender directly affected thereby;

               (c) reduce the principal of, or the rate of interest specified
         herein on, any Term Loan or any fees or other amounts payable hereunder
         or under any other Loan Document without the written consent of each
         Lender directly affected thereby; provided, however, that only the
         consent of the Required Lenders shall be necessary to amend the
         definition of "Default Rate" or to waive any obligation of the Borrower
         to pay interest at the Default Rate;

               (d) change Section 2.07 or Section 9.03 in a manner that would
         alter the pro rata sharing of payments required thereby without the
         written consent of each Lender;

               (e) change any provision of this Section or the definition of
         "Required Lenders" or any other provision hereof specifying the number
         or percentage of Lenders required to amend, waive or otherwise modify
         any rights hereunder or make any determination or grant any consent
         hereunder, without the written consent of each Lender;

               (f) except as the result of or in connection with a Disposition
         not prohibited by Section 8.05, release all or substantially all of the
         Collateral without the written consent of each Lender;

               (g) except as the result of or in connection with a dissolution,
         merger or disposition of a Loan Party not prohibited by Section 8.06,
         release the Borrower or substantially all of the other Loan Parties or
         Special Guarantors from its or their obligations under the Loan
         Documents without the written consent of each Lender; and, provided
         further, that no amendment, waiver or consent shall, unless in writing
         and signed by the Administrative Agent in addition to the Lenders
         required above, affect the rights or duties of the Administrative Agent
         under this Agreement or any other Loan Document.

         Notwithstanding anything to the contrary herein, no Defaulting Lender
shall have any right to approve or disapprove any amendment, waiver or consent
hereunder, except that the Commitment of such Lender may not be increased or
extended without the consent of such Lender.

         Notwithstanding the fact that the consent of all the Lenders is
required in certain circumstances as set forth above, (x) each Lender is
entitled to vote as such Lender sees fit on any bankruptcy reorganization plan
that affects the Term Loans, and each Lender acknowledges that the provisions of
Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent
provisions set forth herein and (y) the Required Lenders shall determine whether
or not to allow a

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<PAGE>

Loan Party to use cash collateral in the context of a bankruptcy or insolvency
proceeding and such determination shall be binding on all of the Lenders.

       11.02  Notices and Other Communications; Facsimile Copies.

       (a)    General. Unless otherwise expressly provided herein, all notices
and other communications provided for hereunder shall be in writing (including
by facsimile transmission). All such written notices shall be mailed, faxed or
delivered to the applicable address, facsimile number or (subject to subsection
(c) below) electronic mail address, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the
applicable telephone number, as follows:

              (i)    if to the Borrower or the Administrative Agent, to the
       address, facsimile number, electronic mail address or telephone number
       specified for such Person on Schedule 11.02 or to such other address,
       facsimile number, electronic mail address or telephone number as shall be
       designated by such party in a notice to the other parties; and

              (ii)   if to any other Lender, to the address, facsimile number,
       electronic mail address or telephone number specified in its
       Administrative Questionnaire or to such other address, facsimile number,
       electronic mail address or telephone number as shall be designated by
       such party in a notice to the Borrower and the Administrative Agent.

       All such notices and other communications shall be deemed to be given or
made upon the earlier to occur of (i) actual receipt by the relevant party
hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on
behalf of the relevant party hereto; (B) if delivered by mail, four Business
Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile,
when sent and receipt has been confirmed by telephone; and (D) if delivered by
electronic mail (which form of delivery is subject to the provisions of
subsection (c) below), when delivered; provided, however, that notices and other
communications to the Administrative Agent pursuant to Article II shall not be
effective until actually received by such Person. In no event shall a voicemail
message be effective as a notice, communication or confirmation hereunder.

       (b)    Effectiveness of Facsimile Documents and Signatures. Loan
Documents may be transmitted and/or signed by facsimile. The effectiveness of
any such documents and signatures shall, subject to applicable Law, have the
same force and effect as manually-signed originals and shall be binding on all
Loan Parties, all Special Guarantors, the Administrative Agent and the Lenders.
The Administrative Agent may also require that any such documents and signatures
be confirmed by a manually-signed original thereof; provided, however, that the
failure to request or deliver the same shall not limit the effectiveness of any
facsimile document or signature.

       (c)    Limited Use of Electronic Mail. Electronic mail and Internet and
intranet websites may be used only to distribute routine communications, such as
financial statements and other information as provided in Section 7.02, and to
distribute Loan Documents for execution by the parties thereto, and may not be
used for any other purpose.

       (d)    Reliance by Administrative Agent and Lenders. The Administrative
Agent and the Lenders shall be entitled to rely and act upon any notices
(including telephonic Loan Notices) purportedly given by or on behalf of the
Borrower even if (i) such notices were not made in a manner specified herein,
were incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the recipient,
varied from any confirmation thereof. The Borrower shall indemnify each
Agent-Related Person and each Lender from all losses, costs, expenses and
liabilities resulting from the reliance by such Person on each notice
purportedly given by or on behalf of the Borrower. All telephonic notices to and
other communications with the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such
recording.

       11.03  No Waiver; Cumulative Remedies.

       No failure by any Lender or the Administrative Agent to exercise, and no
delay by any such Person in exercising, any right, remedy, power or privilege
hereunder shall operate as a waiver thereof; nor shall any single or

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<PAGE>

partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy,
power or privilege. The rights, remedies, powers and privileges herein provided
are cumulative and not exclusive of any rights, remedies, powers and privileges
provided by law.

       11.04  Attorney Costs, Expenses and Taxes.

       The Loan Parties and Special Guarantors jointly and severally agree (a)
to pay or reimburse the Administrative Agent for all costs and expenses incurred
in connection with the development, preparation, negotiation and execution of
this Agreement and the other Loan Documents and any amendment, waiver, consent
or other modification of the provisions hereof and thereof (whether or not the
transactions contemplated hereby or thereby are consummated), and the
consummation and administration of the transactions contemplated hereby and
thereby, including all Attorney Costs, and (b) to pay or reimburse the
Administrative Agent and each Lender for all costs and expenses incurred in
connection with the enforcement, attempted enforcement, or preservation of any
rights or remedies under this Agreement or the other Loan Documents (including
all such costs and expenses incurred during any "workout" or restructuring in
respect of the Obligations and during any legal proceeding, including any
proceeding under any Debtor Relief Law), including all Attorney Costs. The
foregoing costs and expenses shall include all search, filing, recording, title
insurance and appraisal charges and fees and taxes related thereto, and other
out-of-pocket expenses incurred by the Administrative Agent and the cost of
independent public accountants and other outside experts retained by the
Administrative Agent or any Lender. All amounts due under this Section 11.04
shall be payable within ten Business Days after demand therefor. The agreements
in this Section shall survive the termination of the Aggregate Commitments and
repayment of all other Obligations.

       11.05  Indemnification by the Borrower.

       Whether or not the transactions contemplated hereby are consummated, the
Loan Parties and Special Guarantors jointly and severally shall indemnify and
hold harmless each Agent-Related Person, each Lender and their respective
Affiliates, directors, officers, employees, counsel, agents and
attorneys-in-fact (collectively the "Indemnitees") from and against any and all
liabilities, obligations, losses, damages, penalties, claims, demands, actions,
judgments, suits, costs, expenses and disbursements (including Attorney Costs)
of any kind or nature whatsoever which may at any time be imposed on, incurred
by or asserted against any such Indemnitee in any way relating to or arising out
of or in connection with (a) the execution, delivery, enforcement, performance
or administration of any Loan Document or any other agreement, letter or
instrument delivered in connection with the transactions contemplated thereby or
the consummation of the transactions contemplated thereby, (b) any Commitment,
Term Loan or the use or proposed use of the proceeds therefrom, (c) any actual
or alleged presence or release of Hazardous Materials on or from any property
currently or formerly owned or operated by the Borrower, any other Loan Party or
Special Guarantor, or any Environmental Liability related in any way to the
Borrower, any other Loan Party or Special Guarantor, or (d) any actual or
prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether based on contract, tort or any other theory (including
any investigation of, preparation for, or defense of any pending or threatened
claim, investigation, litigation or proceeding) and regardless of whether any
Indemnitee is a party thereto (all the foregoing, collectively, the "Indemnified
Liabilities"), in all cases, whether or not caused by or arising, in whole or in
part, out of the negligence of the Indemnitee; provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such
liabilities, obligations, losses, damages, penalties, claims, demands, actions,
judgments, suits, costs, expenses or disbursements are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from
the gross negligence or willful misconduct of such Indemnitee. No Indemnitee
shall be liable for any damages arising from the use by others of any
information or other materials obtained through IntraLinks or other similar
information transmission systems in connection with this Agreement, nor shall
any Indemnitee have any liability for any indirect or consequential damages
relating to this Agreement or any other Loan Document or arising out of its
activities in connection herewith or therewith (whether before or after the
Closing Date). All amounts due under this Section 11.05 shall be payable within
ten Business Days after demand therefor. The agreements in this Section shall
survive the resignation of the Administrative Agent, the replacement of any
Lender, the termination of the Aggregate Commitments and the repayment,
satisfaction or discharge of all the other Obligations.

                                       53

<PAGE>

       11.06  Payments Set Aside.

       To the extent that any payment by or on behalf of any Loan Party or
Special Guarantor is made to the Administrative Agent or any Lender, or the
Administrative Agent or any Lender exercises its right of set-off, and such
payment or the proceeds of such set-off or any part thereof is subsequently
invalidated, declared to be fraudulent or preferential, set aside or required
(including pursuant to any settlement entered into by the Administrative Agent
or such Lender in its discretion) to be repaid to a trustee, receiver or any
other party, in connection with any proceeding under any Debtor Relief Law or
otherwise, then (a) to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied shall be revived and continued in
full force and effect as if such payment had not been made or such set-off had
not occurred, and (b) each Lender severally agrees to pay to the Administrative
Agent upon demand its applicable share of any amount so recovered from or repaid
by the Administrative Agent, plus interest thereon from the date of such demand
to the date such payment is made at a rate per annum equal to the Federal Funds
Rate from time to time in effect.

       11.07  Successors and Assigns.

       (a)    The provisions of this Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and assigns
permitted hereby, except that the Borrower may not assign or otherwise transfer
any of its rights or obligations hereunder without the prior written consent of
each Lender and no Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an Eligible Assignee in accordance with the
provisions of subsection (b) of this Section, (ii) by way of participation in
accordance with the provisions of subsection (d) of this Section, or (iii) by
way of pledge or assignment of a security interest subject to the restrictions
of subsection (f) or (h) of this Section (and any other attempted assignment or
transfer by any party hereto shall be null and void). Nothing in this Agreement,
expressed or implied, shall be construed to confer upon any Person (other than
the parties hereto, their respective successors and assigns permitted hereby,
Participants to the extent provided in subsection (d) of this Section and, to
the extent expressly contemplated hereby, the Indemnitees) any legal or
equitable right, remedy or claim under or by reason of this Agreement.

       (b)    Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Commitment and the Term Loan at the time
owing to it); provided that (i) except in the case of an assignment of the
entire remaining amount of the assigning Lender's Commitment and the Term Loan
at the time owing to it or in the case of an assignment to a Lender or an
Affiliate of a Lender or an Approved Fund (as defined in subsection (g) of this
Section) with respect to a Lender, the aggregate amount of the Commitment (which
for this purpose includes any Term Loan outstanding thereunder) subject to each
such assignment, determined as of the date the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent or, if
"Trade Date" is specified in the Assignment and Assumption, as of the Trade
Date, shall not be less than $2,500,000.00 unless each of the Administrative
Agent and, so long as no Event of Default has occurred and is continuing, the
Borrower otherwise consents (each such consent not to be unreasonably withheld
or delayed); (ii) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender's rights and obligations under
this Agreement with respect to the Term Loan or the Commitment assigned; (iii)
any assignment of a Commitment must be approved by the Administrative Agent
unless the Person that is the proposed assignee is itself a Lender (whether or
not the proposed assignee would otherwise qualify as an Eligible Assignee); and
(iv) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing
and recordation fee of $3,500.00. Subject to acceptance and recording thereof by
the Administrative Agent pursuant to subsection (c) of this Section, from and
after the effective date specified in each Assignment and Assumption, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the
extent of the interest assigned by such Assignment and Assumption, have the
rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such
Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning
Lender's rights and obligations under this Agreement, such Lender shall cease to
be a party hereto but shall continue to be entitled to the benefits of Sections
3.01, 3.04, 3.05, 11.04 and 11.05 with respect to facts and circumstances
occurring prior to the effective date of such assignment). Upon request, the
Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under
this Agreement that does not comply with this subsection shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with subsection (d) of this Section.

                                       54

<PAGE>

       (c)    The Administrative Agent, acting solely for this purpose as an
agent of the Borrower, shall maintain at the Administrative Agent's Office a
copy of each Assignment and Assumption delivered to it and a register for the
recordation of the names and addresses of the Lenders, and the Commitments of,
and principal amounts of the Term Loans owing to, each Lender pursuant to the
terms hereof from time to time (the "Register"). The entries in the Register
shall be conclusive, and the Borrower, the Administrative Agent and the Lenders
may treat each Person whose name is recorded in the Register pursuant to the
terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for
inspection by the Borrower and any Lender, at any reasonable time and from time
to time upon reasonable prior notice.

       (d)    Any Lender may at any time, without the consent of, or notice to,
the Borrower or the Administrative Agent, sell participations to any Person
(other than a natural person or the Borrower or any of the Borrower's Affiliates
or Subsidiaries) (each, a "Participant") in all or a portion of such Lender's
rights and/or obligations under this Agreement (including all or a portion of
its Commitment and/or the Term Loans owing to it); provided that (i) such
Lender's obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii) the Borrower, the Administrative Agent
and the other Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender's rights and obligations under this
Agreement. Any agreement or instrument pursuant to which a Lender sells such a
participation shall provide that such Lender shall retain the sole right to
enforce this Agreement and to approve any amendment, modification or waiver of
any provision of this Agreement; provided that such agreement or instrument may
provide that such Lender will not, without the consent of the Participant, agree
to any amendment, waiver or other modification described in the first proviso to
Section 11.01 that directly affects such Participant. Subject to subsection (e)
of this Section, the Borrower agrees that each Participant shall be entitled to
the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to subsection (b) of
this Section. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 11.09 as though it were a Lender, provided
such Participant agrees to be subject to Section 2.12 as though it were a
Lender.

       (e)    A Participant shall not be entitled to receive any greater payment
under Section 3.01 or 3.04 than the applicable Lender would have been entitled
to receive with respect to the participation sold to such Participant, unless
the sale of the participation to such Participant is made with the Borrower's
prior written consent. A Participant that would be a Foreign Lender if it were a
Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower
is notified of the participation sold to such Participant and such Participant
agrees, for the benefit of the Borrower, to comply with Section 11.15 as though
it were a Lender.

       (f)    Any Lender may at any time pledge or assign a security interest in
all or any portion of its rights under this Agreement (including under its Note,
if any) to secure obligations of such Lender, including any pledge or assignment
to secure obligations to a Federal Reserve Bank; provided that no such pledge or
assignment shall release such Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto.

       (g)    As used herein, the following terms have the following meanings:

              "Eligible Assignee" means (a) a Lender; (b) an Affiliate of a
       Lender; (c) an Approved Fund; and (d) any other Person (other than a
       natural person) approved by (i) the Administrative Agent and (ii) unless
       an Event of Default has occurred and is continuing, the Borrower (each
       such approval not to be unreasonably withheld or delayed); provided that
       notwithstanding the foregoing, "Eligible Assignee" shall not include the
       Borrower or any of the Borrower's Affiliates or Subsidiaries.

              "Fund" means any Person (other than a natural person) that is (or
       will be) engaged in making, purchasing, holding or otherwise investing in
       commercial loans and similar extensions of credit in the ordinary course
       of its business.

              "Approved Fund" means any Fund that is administered or managed by
       (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an
       Affiliate of an entity that administers or manages a Lender.

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<PAGE>

       (h)    Notwithstanding anything to the contrary contained herein, any
Lender that is a Fund may create a security interest in all or any portion of
the Term Loan owing to it and the Note, if any, held by it to the trustee for
holders of obligations owed, or securities issued, by such Fund as security for
such obligations or securities, provided that unless and until such trustee
actually becomes a Lender in compliance with the other provisions of this
Section 11.07, (i) no such pledge shall release the pledging Lender from any of
its obligations under the Loan Documents and (ii) such trustee shall not be
entitled to exercise any of the rights of a Lender under the Loan Documents even
though such trustee may have acquired ownership rights with respect to the
pledged interest through foreclosure or otherwise.

       11.08  Confidentiality.

       Each of the Administrative Agent and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information
may be disclosed (a) to its and its Affiliates' directors, officers, employees
and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of
the confidential nature of such Information and instructed to keep such
Information confidential); (b) to the extent requested by any regulatory
authority; (c) to the extent required by applicable laws or regulations or by
any subpoena or similar legal process; (d) to any other party to this Agreement;
(e) in connection with the exercise of any remedies hereunder or any suit,
action or proceeding relating to this Agreement or the enforcement of rights
hereunder; (f) subject to an agreement containing provisions substantially the
same as those of this Section, to (i) any Eligible Assignee of or Participant
in, or any prospective Eligible Assignee of or Participant in, any of its rights
or obligations under this Agreement or (ii) any direct or indirect contractual
counterparty or prospective counterparty (or such contractual counterparty's or
prospective counterparty's professional advisor) to any credit derivative
transaction relating to obligations of the Loan Parties; (g) with the consent of
the Borrower; (h) to the extent such Information (i) becomes publicly available
other than as a result of a breach of this Section or (ii) becomes available to
the Administrative Agent or any Lender on a nonconfidential basis from a source
other than the Borrower; or (i) to the National Association of Insurance
Commissioners or any other similar organization. In addition, the Administrative
Agent and the Lenders may disclose the existence of this Agreement and
information about this Agreement to market data collectors, similar service
providers to the lending industry, and service providers to the Administrative
Agent and the Lenders in connection with the administration and management of
this Agreement, the other Loan Documents, the Commitments, and the Term Loans.
For the purposes of this Section, "Information" means all information received
from any Loan Party or Special Guarantor relating to any Loan Party, or Special
Guarantor or their respective businesses, other than any such information that
is available to the Administrative Agent or any Lender on a nonconfidential
basis prior to disclosure by any Loan Party; provided that, in the case of
information received from a Loan Party or Special Guarantor after the date
hereof, such information is clearly identified in writing at the time of
delivery as confidential. Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of
care to maintain the confidentiality of such Information as such Person would
accord to its own confidential information.

       11.09  Set-off.

       In addition to any rights and remedies of the Lenders provided by law,
upon the occurrence and during the continuance of any Event of Default, each
Lender is authorized at any time and from time to time, without prior notice to
the Borrower, any other Loan Party or any Special Guarantor, any such notice
being waived by the Borrower (on its own behalf and on behalf of each Loan Party
and each Special Guarantor) to the fullest extent permitted by law, to set off
and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held by, and other indebtedness at any time owing by, such
Lender to or for the credit or the account of the respective Loan Parties
against any and all Obligations owing to such Lender hereunder or under any
other Loan Document, now or hereafter existing, to the extent such Obligations
are due and owing at such time (whether as scheduled or as a result of any
acceleration of such Obligations pursuant to the terms of this Agreement);
provided, however, that no Lender shall be permitted, pursuant to this Section,
to set off any amounts under or with respect to rental payments under any
Approved Lease unless and until such payments have been made into the account
specified in accordance with Section 5.01(s). Each Lender agrees promptly to
notify the Borrower and the Administrative Agent after any such set-off and
application made by such Lender; provided, however, that the failure to give
such notice shall not affect the validity of such set-off and application.

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<PAGE>

       11.10  Interest Rate Limitation.

       Notwithstanding anything to the contrary contained in any Loan Document,
the interest paid or agreed to be paid under the Loan Documents shall not exceed
the maximum rate of non-usurious interest permitted by applicable Law (the
"Maximum Rate"). If the Administrative Agent or any Lender shall receive
interest in an amount that exceeds the Maximum Rate, the excess interest shall
be applied to the principal of the Term Loans or, if it exceeds such unpaid
principal, refunded to the Borrower. In determining whether the interest
contracted for, charged, or received by the Administrative Agent or a Lender
exceeds the Maximum Rate, such Person may, to the extent permitted by applicable
Law, (a) characterize any payment that is not principal as an expense, fee, or
premium rather than interest, (b) exclude voluntary prepayments and the effects
thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal
parts the total amount of interest throughout the contemplated term of the
Obligations hereunder.

       11.11  Counterparts.

       This Agreement may be executed in one or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.

       11.12  Integration.

       This Agreement, together with the other Loan Documents, comprises the
complete and integrated agreement of the parties on the subject matter hereof
and thereof and supersedes all prior agreements, written or oral, on such
subject matter. In the event of any conflict between the provisions of this
Agreement and those of any other Loan Document, the provisions of this Agreement
shall control; provided that the inclusion of supplemental rights or remedies in
favor of the Administrative Agent or the Lenders in any other Loan Document
shall not be deemed a conflict with this Agreement. Each Loan Document was
drafted with the joint participation of the respective parties thereto and shall
be construed neither against nor in favor of any party, but rather in accordance
with the fair meaning thereof.

       11.13  Survival of Representations and Warranties.

       All representations and warranties made hereunder and in any other Loan
Document or other document delivered pursuant hereto or thereto or in connection
herewith or therewith shall survive the execution and delivery hereof and
thereof. Such representations and warranties have been or will be relied upon by
the Administrative Agent and each Lender, regardless of any investigation made
by the Administrative Agent or any Lender or on their behalf and notwithstanding
that the Administrative Agent or any Lender may have had notice or knowledge of
any Default at the time of the Advance, and shall continue in full force and
effect as long as any Term Loan or any other Obligation hereunder shall remain
unpaid or unsatisfied.

       11.14  Severability.

       If any provision of this Agreement or the other Loan Documents is held to
be illegal, invalid or unenforceable, (a) the legality, validity and
enforceability of the remaining provisions of this Agreement and the other Loan
Documents shall not be affected or impaired thereby and (b) the parties shall
endeavor in good faith negotiations to replace the illegal, invalid or
unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the illegal, invalid or unenforceable
provisions. The invalidity of a provision in a particular jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction.

       11.15  Tax Forms.

       (a)    (i)  Each Lender that is not a "United States person" within the
meaning of Section 7701(a)(30) of the Code (a "Foreign Lender") shall deliver to
the Administrative Agent, prior to receipt of any payment subject to withholding
under the Code (or upon accepting an assignment of an interest herein), two duly
signed completed copies of either IRS Form W-8BEN or any successor thereto
(relating to such Foreign Lender

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<PAGE>

and entitling it to an exemption from, or reduction of, withholding tax on all
payments to be made to such Foreign Lender by the Borrower pursuant to this
Agreement) or IRS Form W-8ECI or any successor thereto (relating to all payments
to be made to such Foreign Lender by the Borrower pursuant to this Agreement) or
such other evidence satisfactory to the Borrower and the Administrative Agent
that such Foreign Lender is entitled to an exemption from, or reduction of, U.S.
withholding tax, including any exemption pursuant to Section 881(c) of the Code.
Thereafter and from time to time, each such Foreign Lender shall (A) promptly
submit to the Administrative Agent such additional duly completed and signed
copies of one of such forms (or such successor forms as shall be adopted from
time to time by the relevant United States taxing authorities) as may then be
available under then current United States laws and regulations to avoid, or
such evidence as is satisfactory to the Borrower and the Administrative Agent of
any available exemption from or reduction of, United States withholding taxes in
respect of all payments to be made to such Foreign Lender by the Borrower
pursuant to this Agreement, (B) promptly notify the Administrative Agent of any
change in circumstances which would modify or render invalid any claimed
exemption or reduction, and (C) take such steps as shall not be materially
disadvantageous to it, in the reasonable judgment of such Lender, and as may be
reasonably necessary (including the re-designation of its Lending Office) to
avoid any requirement of applicable Laws that the Borrower make any deduction or
withholding for taxes from amounts payable to such Foreign Lender.

              (iii)  Each Foreign Lender, to the extent it does not act or
       ceases to act for its own account with respect to any portion of any sums
       paid or payable to such Lender under any of the Loan Documents (for
       example, in the case of a typical participation by such Lender), shall
       deliver to the Administrative Agent on the date when such Foreign Lender
       ceases to act for its own account with respect to any portion of any such
       sums paid or payable, and at such other times as may be necessary in the
       determination of the Administrative Agent (in the reasonable exercise of
       its discretion), (A) two duly signed completed copies of the forms or
       statements required to be provided by such Lender as set forth above, to
       establish the portion of any such sums paid or payable with respect to
       which such Lender acts for its own account that is not subject to U.S.
       withholding tax, and (B) two duly signed completed copies of IRS Form
       W-8IMY (or any successor thereto), together with any information such
       Lender chooses to transmit with such form, and any other certificate or
       statement of exemption required under the Code, to establish that such
       Lender is not acting for its own account with respect to a portion of any
       such sums payable to such Lender.

              (iv)   The Borrower shall not be required to pay any additional
       amount to any Foreign Lender under Section 3.01 (A) with respect to any
       Taxes required to be deducted or withheld on the basis of the
       information, certificates or statements of exemption such Lender
       transmits with an IRS Form W-8IMY pursuant to this Section 11.15(a) or
       (B) if such Lender shall have failed to satisfy the foregoing provisions
       of this Section 11.15(a); provided that if such Lender shall have
       satisfied the requirement of this Section 11.15(a) on the date such
       Lender became a Lender or ceased to act for its own account with respect
       to any payment under any of the Loan Documents, nothing in this Section
       11.15(a) shall relieve the Borrower of its obligation to pay any amounts
       pursuant to Section 3.01 in the event that, as a result of any change in
       any applicable law, treaty or governmental rule, regulation or order, or
       any change in the interpretation, administration or application thereof,
       such Lender is no longer properly entitled to deliver forms, certificates
       or other evidence at a subsequent date establishing the fact that such
       Lender or other Person for the account of which such Lender receives any
       sums payable under any of the Loan Documents is not subject to
       withholding or is subject to withholding at a reduced rate.

              (v)    The Administrative Agent may, without reduction, withhold
       any Taxes required to be deducted and withheld from any payment under any
       of the Loan Documents with respect to which the Borrower is not required
       to pay additional amounts under this Section 11.15(a).

       (b)    Upon the request of the Administrative Agent, each Lender that is
a "United States person" within the meaning of Section 7701(a)(30) of the Code
shall deliver to the Administrative Agent two duly signed completed copies of
IRS Form W-9. If such Lender fails to deliver such forms, then the
Administrative Agent may withhold from any interest payment to such Lender an
amount equivalent to the applicable back-up withholding tax imposed by the Code,
without reduction.

       (c)    If any Governmental Authority asserts that the Administrative
Agent did not properly withhold or backup withhold, as the case may be, any tax
or other amount from payments made to or for the account of any

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<PAGE>

Lender, such Lender shall indemnify the Administrative Agent therefor, including
all penalties and interest, any taxes imposed by any jurisdiction on the amounts
payable to the Administrative Agent under this Section, and costs and expenses
(including Attorney Costs) of the Administrative Agent. The obligation of the
Lenders under this Section shall survive the termination of the Aggregate
Commitments, repayment of all other Obligations hereunder and the resignation of
the Administrative Agent.

       11.16  Reserved.

       11.17  Governing Law.

       (a)    THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, the LAW OF THE STATE OF NEW YORK applicable to agreements made and to be
performed entirely within such State; PROVIDED THAT THE ADMINISTRATIVE Agent AND
EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

       (b)    ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN ANY STATE OR FEDERAL COURTS SITTING IN
THE MIDDLE DISTRICT OF NORTH CAROLINA OR IN NEW YORK, NEW YORK, AND BY EXECUTION
AND DELIVERY OF THIS AGREEMENT, THE BORROWER, THE ADMINISTRATIVE Agent AND EACH
LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE
JURISDICTION OF THOSE COURTS. THE BORROWER, THE ADMINISTRATIVE Agent AND EACH
LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING
OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION
IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWER,
THE ADMINISTRATIVE Agent AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS,
COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY
THE LAW OF SUCH STATE.

       11.18  Waiver of Right to Trial by Jury.

       EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL
BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN
DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS
OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE
TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY
HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF
ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO
THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH
ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE
WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

       11.19  ENTIRE AGREEMENT.

       THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

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<PAGE>

                                                     [SIGNATURE PAGE TO BRIDGE
                                                     CREDIT AGREEMENT DATED AS
                                                     OF JANUARY ___, 2003]

       IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the date first above written.

                                   BORROWER:

                                   FIRST STATES INVESTORS 3500, LLC,
                                   a Delaware limited liability company

                                   By: FIRST STATES INVESTORS 3500A, LLC, a
                                       Delaware limited liability company, its
                                       sole Member

                                       By: _____________________________________
                                       Name:____________________________________
                                       Title:___________________________________

                                   RELATED GUARANTORS:

                                   FIRST STATES INVESTORS 3500A, LLC, a Delaware
                                   limited liability company

                                   By: FIRST STATES GROUP, L.P.,
                                       a Delaware limited partnership,
                                       its sole Member

                                       By: _____________________________________
                                       Name:____________________________________
                                       Title:___________________________________

                                   FIRST STATES GROUP, L.P.,
                                   a Delaware limited partnership

                                       By: FIRST STATES GROUP, LLC,
                                           a Delaware limited liability company,
                                           its general partner

                                       By: _____________________________________
                                       Name: ___________________________________
                                       Title: __________________________________

<PAGE>

                                                   [SIGNATURE PAGE TO BRIDGE
                                                   CREDIT AGREEMENT  DATED AS OF
                                                   JANUARY ___, 2003]

                                     SPECIAL GUARANTORS:

                                     STATE STREET BANK AND TRUST COMPANY OF
                                     CONNECTICUT, NATIONAL ASSOCIATION,
                                     a national banking association, not in its
                                     individual capacity, but solely as Owner
                                     Trustee under the 1997-C Trust Agreement
                                     referenced herein, as a Special Guarantor,

                                     By:________________________________________
                                     Name:______________________________________
                                     Title:_____________________________________

                                     STATE STREET BANK AND TRUST COMPANY OF
                                     CONNECTICUT, NATIONAL ASSOCIATION,
                                     a national banking association, not in its
                                     individual capacity, but solely as Owner
                                     Trustee under the 1997-D Trust Agreement
                                     referenced herein, as a Special Guarantor,

                                     By: _______________________________________
                                     Name: _____________________________________
                                     Title: ____________________________________

                                     _____________________________________
                                     PATRICK THEBADO, as successor Co-Trustee to
                                     Dori Anne Seakas, as successor Co-Trustee
                                     to Traci Hopkins, not in her individual
                                     capacity, but solely as Co-Trustee under
                                     the 1997-C Trust Agreement, as a Special
                                     Guarantor.

                                     _____________________________________
                                     PATRICK THEBADO, as successor Co-Trustee to
                                     Dori Anne Seakas, as successor Co-Trustee
                                     to Traci Hopkins, not in her individual
                                     capacity, but solely as Co-Trustee under
                                     the 1997-C Trust Agreement, as a Special
                                     Guarantor.

<PAGE>

                                                    [SIGNATURE PAGE TO BRIDGE
                                                    CREDIT AGREEMENT DATED AS OF
                                                    JANUARY ___, 2003]

                                  BANK OF AMERICA, N.A., as
                                  Administrative Agent and as the sole Lender as
                                  of the Agreement Date

                                  By: __________________________
                                  Name:_________________________
                                  Title:________________________

<PAGE>

                                                    [SIGNATURE PAGE TO BRIDGE
                                                    CREDIT AGREEMENT DATED AS OF
                                                    JANUARY ___,2003]

                                   BANC OF AMERICA SECURITIES LLC, as Sole Lead
                                   Arranger and Book Manager

                                   By:________________________________
                                   Name:______________________________
                                   Title:_____________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]