EXHIBIT 10.4
FORM OF REVOLVING
NOTE
$_
, 200
FOR VALUE RECEIVED, the undersigned,
U-STORE-IT, L.P., a limited partnership formed under the laws of
the State of Delaware (the “Borrower”), hereby promises
to pay to the order of _
(the “Lender”), in care of Wachovia Bank, National
Association, as Agent (the “Agent”) at Wachovia Bank,
National Association, One Wachovia Center, 301 South College
Street, Charlotte, North Carolina 28288, or at such other address
as may be specified in writing by the Agent to the Borrower, the
principal sum of _
AND _ / 100 DOLLARS ($
) (or such lesser amount as shall equal the aggregate unpaid
principal amount of Revolving Loans made by the Lender to the
Borrower under the Credit Agreement (as herein defined)), 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 Revolving
Loan made by the Lender to the Borrower, and each payment made on
account of the principal thereof, shall be recorded by the Lender
on its books and, prior to any transfer of this Note, endorsed by
the Lender on the schedule attached hereto or any continuation
thereof, provided that the failure
