Terms and Provisions of Notes Sample Clauses

Terms and Provisions of Notes. The Notes shall be governed by all of the terms and provisions of the Base Indenture, as supplemented by this First Supplemental Indenture, and in particular, the following provisions shall be terms of the Notes: (a) The Notes will be issued only in fully registered form, without coupons, in denominations of $2,000 of principal amount and any higher integral multiple of $1,000. Each Note shall be dated the date of its authentication and shall bear interest from the date specified on the face of the form of Note attached as Exhibit A hereto. (b) All payments of principal, premium, if any, and interest in respect of the Global Notes will be made by the Operating Partnership in immediately available funds to the Depository or its nominee, as the case may be, as the Holder of each of the Global Notes. The notes will mature on June 15, 2023. The notes will bear interest from and after June 9, 2015 at a rate of 5.625% per annum. Interest on the Notes will be payable semi-annually in cash on each June 15 and December 15, commencing December 15, 2015 (each, an “Interest Payment Date”), to the persons who are registered Holders at the close of business on June 1 and December 1 immediately preceding the applicable Interest Payment Date (each, a “Regular Record Date”). Interest on the notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including June 9, 2015. (c) There shall be no sinking fund payments for the Notes. (d) The Operating Partnership initially appoints DTC to act as Depository with respect to the Global Notes. (e) The Operating Partnership may, from time to time, without the consent of the Holders of the Notes, increase the principal amount of the Notes by issuing additional Notes in the future on the same terms and conditions, except for any difference in the issue price, issue date, interest accrued prior to the issue date of the additional Notes, and, if applicable, the first Interest Payment Date and the initial interest accrual date, and with the same CUSIP number as the existing Notes so long as such additional Notes are fungible for U.S. federal income tax purposes with the existing Notes.