EXHIBIT 10.5
FORM OF SWINGLINE
NOTE
$20,000,000
November 21,
2006
FOR VALUE RECEIVED, the undersigned,
U-STORE-IT, L.P., a limited partnership formed under the laws of
the State of Delaware (the “Borrower”), hereby promises
to pay to the order of WACHOVIA BANK, NATIONAL ASSOCIATION (the
“Swingline Lender”) at its address at One Wachovia
Center, 301 South College Street, Charlotte, North Carolina 28288,
or at such other address as may be specified in writing by the
Swingline Lender to the Borrower, the principal sum of TWENTY
MILLION AND NO/100 DOLLARS ($20,000,000) (or such lesser amount as
shall equal the aggregate unpaid principal amount of Swingline
Loans made by the Swingline Lender to the Borrower under the Credit
Agreement), on the dates and in the principal amounts provided in
the Credit Agreement, and to pay interest on the unpaid principal
amount owing hereunder, at the rates and on the dates provided in
the Credit Agreement.
The date and amount of each Swingline
Loan, and each payment made on account of the principal thereof,
shall be recorded by the Swingline Lender on its books and, prior
to any transfer of this Note, endorsed by the Swingline Lender on
the schedule attached hereto or any continuation thereof, provided
that the failure of the Swingline Lender to make any such
recordation or endors
