Fourth Amended and Restated Note Sample Contracts

EXHIBIT 10.49 FOURTH AMENDED AND RESTATED NOTE
Fourth Amended and Restated Note • March 24th, 2003 • Ramco Gershenson Properties Trust • Real estate investment trusts • Michigan

FOR VALUE RECEIVED, the undersigned RAMCO-GERSHENSON PROPERTIES, L.P., a Delaware limited partnership, hereby promises to pay to FLEET NATIONAL BANK, a national banking association, or order, in accordance with the terms of that certain Fourth Amended and Restated Master Revolving Credit Agreement dated as of December 30, 2002 (the "Credit Agreement"), as from time to time in effect, among the undersigned, Fleet National Bank, for itself and as Agent, and such other Banks as may be from time to time named therein, to the extent not sooner paid, on or before the Maturity Date, the principal sum of THIRTY-FIVE MILLION AND NO/100 DOLLARS ($35,000,000.00), or such amount as may be advanced by the payee hereof under the Credit Agreement with daily interest from the date hereof, computed as provided in the Credit Agreement, on the principal amount hereof from time to time unpaid, at a rate per annum on each portion of the principal amount which shall at all times be equal to the rate of inte