Common use of Optional Redemption upon Equity Offerings Clause in Contracts

Optional Redemption upon Equity Offerings. At any time prior to May 1, 2017, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May 1February 15, 20172024, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 90 days of the consummation of any such Equity Offering), up to 3540% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 104.500% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6560% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May October 1, 20172016, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50105.750%, plus accrued and unpaid interest and Additional Amounts, if any, to but not including, the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May 1, 2017[ ], the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, [ ]% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May March 1, 20172019, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50106.375%, plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May April 1, 20172027, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 90 days of the consummation of any such Equity Offering), up to 3540% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price Redemption Price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 106.500% plus accrued and unpaid interest to interest, if any, up to, but not includingexcluding, the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6560% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time on or prior to May 1April 15, 20172018, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 105.00% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May October 1, 20172022, the Issuers ESH REIT may redeem, on any one or more occasions, with all or a portion of the net cash proceeds ESH REIT Attributable Proceeds of one or more Equity Offerings (within 60 90 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 104.625% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes (excluding any additional Notes) must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May 1, 20172018, the Issuers ESH REIT may redeem, on any one or more occasions, with all or a portion of the net cash proceeds ESH REIT Attributable Proceeds of one or more Equity Offerings (within 60 90 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 105.25% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes (excluding any additional Notes) must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May 1July 15, 20172025, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 90 days of the consummation of any such Equity Offering), up to 3540% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price Redemption Price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 107.250% plus accrued and unpaid interest to interest, if any, up to, but not includingexcluding, the Redemption Date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6560% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May 1October 15, 20172022, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 days of the consummation of any such Equity Offering), up to 3540% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 104.750% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 6560% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May 1, 20172014, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 106.875% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May 1April 15, 20172016, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 105.00% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.

Optional Redemption upon Equity Offerings. At any time prior to May 1February 15, 20172015, the Issuers may redeem, on any one or more occasions, with all or a portion of the net cash proceeds of one or more Equity Offerings (within 60 days of the consummation of any such Equity Offering), up to 35% of the aggregate principal amount of the Notes (including any Additional Notes) at a redemption price (expressed as a percentage of the aggregate principal amount of the Notes so redeemed) equal to 105.50%, 106.375% plus accrued and unpaid interest to but not including, the Redemption Date (subject to the right of Holders holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Notes must remain outstanding immediately after each such redemption.