Exhibit 10.2





Exhibit 10.2




LINE NOTE




			
	 	 	 
	$                            
	 	July
 ___, 2011






FOR VALUE RECEIVED, BIOMED REALTY, L.P., a Maryland limited partnership (“Borrower”), promises
to pay to the order of                                          (“Bank”) the principal amount of
                                         AND NO/100 DOLLARS ($                    ), or such lesser aggregate amount of
Advances as may be made and outstanding pursuant to Bank’s Commitment under the Credit Agreement
hereinafter described, payable as hereinafter set forth but excluding Competitive Bid Advances and
Swing Loans, each of which is evidenced by a separate promissory note. Borrower promises to pay
interest on the principal amount hereof remaining unpaid from time to time from the date hereof
until the date of payment in full, payable as hereinafter set forth.



Reference is made to the Unsecured Credit Agreement of even date herewith among Borrower,
Administrative Agent and the Banks (as it may have been or may hereafter be amended, amended and
restated, modified, supplemented or renewed from time to time, the “Credit Agreement”). Terms
defined in the Credit Agreement and not otherwise defined herein are used herein with the meanings
ascribed to those terms in the Credit Agreement. This is one of the Line Notes referred to in the
Credit Agreement, and any holder hereof is entitled to all of the rights, remedies, benefits and
privileges provided for in the Credit Agreement. The Credit Agreement, among other things,
contains provisions for acceleration of the maturity hereof upon the happening of certain stated
events upon the terms and conditions therein specified.



The principal indebtedness evidenced by this Note shall be payable and prepayable as provided
in the Credit Agreement and in any event on the Maturity Date (which shall be July 13, 2015,
subject to extension as provided in Section 2.10 of the Credit Agreement).



Interest shall be payable on the outstanding daily unpaid principal amount of each Advance
outstanding hereunder from the date such Advance was made until payment in full, and shall accrue
and be payable at the rates and on the dates set forth in the Credit Agreement both before and
after default and before and after maturity and judgment.



The amount of each payment hereunder shall be made to Bank at Administrative Agent’s office
(as designated by Administrative Agent from time to time), for the account of Bank, in Dollars and
in immediately available funds not later than 2:00 p.m., Cleveland time, on the day of payment
(which must be a Banking Day). All payments received after 2:00 p.m., Cleveland time, on any
Banking Day, shall be deemed received on the next succeeding Banking Day. Bank shall keep a record
of Advances made by it and payments of principal with respect to this Note, and such record shall
be presumptive evidence of the principal amount owing under this Note, absent manifest error.



Without limiting any applicable provisions of the Credit Agreement, Borrower hereby promises
to pay all costs and expenses of any holder hereof incurred in collecting Borrower’s obligations
hereunder or in enforcing or attempting to enforce any of holder’s rights hereunder, including
reasonable attorneys’ fees, whether or not an action is filed in connection therewith.


 


 









 





Borrower hereby waives presentment, demand for payment, dishonor, notice of dishonor, protest,
notice of protest, and any other notice or formality, to the fullest extent permitted by applicable
Laws.



Assignment of this Note is subject to the consent of certain parties pursuant to Section 11.8
of the Credit Agreement.



This Note shall be delivered to and accepted by Bank in the State of New York, and shall be
governed by, and construed and enforced in accordance with, the internal Laws thereof without
regard to the choice of law provisions thereof.



	 	 	 	 	 
	 	“Borrower”



BIOMED REALTY, L.P., a Maryland limited partnership

 	 
	 	By:  	BioMed Realty Trust, Inc., its sole general Partner
 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title: