The Issuer may, at its option, redeem the Notes, in whole, at any time, or in part, from time to time, prior to July 15, 2020, at a redemption price equal to the sum of:

Section # No Mandatory Redemption; Optional Redemption.

Redemption. The Redemption Right provided to the holders of OP Units under [Section 8.6] hereof shall not apply with respect to LTIP Units unless and until they are converted to OP Units as provided in clause (v) below and [Section 4.7].

Redemption. The Redemption Right provided to the holders of Common Unit under Section 8.6 shall not apply with respect to Vested LTIP Units unless and until they are converted to Common Units as provided in Section 4.7.

Redemption. Any redemption made pursuant to the terms of the Subordinated Note shall be made on a pro rata basis, and, for purposes of a redemption processed through DTC, in accordance with its rules and procedures, as a “Pro Rata Pass-Through Distribution of Principal.”

“Optional Redemption”: A redemption of the Notes in accordance with [Section 9.2].

Section # Optional Redemption.

“Optional Redemption”: A redemption of the Secured Notes in accordance with Section 9.2.

In the event of any Optional Redemption, the Issuer shall, at least fifteen (15) Business Days prior to the Redemption Date, notify the Trustee in writing of such Redemption Date, the applicable Record Date, the principal amount of Secured Notes to be redeemed on such Redemption Date and the applicable Redemption Prices. The failure to effect any Optional Redemption shall not constitute an Event of Default.

Optional. The Borrower may, upon notice to the Administrative Agent, from time to time terminate (in whole or in part) the unused portion of the aggregate Commitments; provided that any such notice shall be received by the Administrative Agent not later than 12:00 noon five Business Days prior to the date of termination or reduction. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the unused portion of the aggregate Commitments under this [Section 2.04]. Any reduction of the aggregate Commitments shall be applied to the Commitment of each Lender in according to its Applicable Percentage. All fees accrued until the effective date of any termination shall be paid on the effective date of such termination.