Document:

Form of 5.125% SeniorNote due 2011

 Exhibit 4.2 
  
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), 55 WATER STREET, NEW YORK, NEW YORK, TO THE OPERATING PARTNERSHIP (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  
 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING SET FORTH IN THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF DTC OR A NOMINEE OF DTC.
THIS NOTE IS EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN DTC OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC OR ANOTHER
NOMINEE OF DTC OR BY DTC OR ITS NOMINEE TO A SUCCESSOR DEPOSITORY OR ITS NOMINEE. 
  

				
	 Registered No. 001
	  	 	 
	 	  	$	200,000,000
	 CUSIP No. 14441UAA9
	  	 	 

  
 CARRAMERICA REALTY
OPERATING PARTNERSHIP, L.P. 
  
 5.125% SENIOR NOTE DUE 2011

  
 CARRAMERICA REALTY OPERATING PARTNERSHIP, L.P., a limited
partnership duly organized and existing under the laws of the State of Delaware (herein referred to as the “Operating Partnership” which term shall include any successor entity under the Indenture hereinafter referred to), for value
received, hereby promises to pay to Cede & Co. or registered assigns, upon presentation, the principal sum of Two Hundred Million Dollars on September 1, 2011 and to pay interest on the outstanding principal amount thereon from August 23, 2004
or from the immediately preceding Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on March 1 and September 1 in each year, commencing March 1, 2005 at the rate of 5.125% per annum, until the
entire principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note is
registered at the close of business on the Regular Record Date for such interest which shall be the February 15 or August 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so
punctually paid or duly provided 

 for shall forthwith cease to be payable to the Holder on such Regular Record Date, and may either be paid to the Person
in whose name this Note is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Notes not more than 15 days and not less
than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such
exchange, all as more fully provided in the Indenture. Payment of the principal of and interest on this Note will be made at the office or agency maintained for that purpose in the City of New York, New York, or elsewhere as provided in the
Indenture, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Operating Partnership payments of principal and
interest on the Notes (other than payments of principal and interest due at Maturity) may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 
  
 Notes of this series are one of a duly authorized issue of securities of the
Operating Partnership (herein called the “Notes”), issued and to be issued in one or more series under an Indenture, dated as of June 23, 2004 (the “Indenture”), among the Operating Partnership, as primary obligor, and
CarrAmerica Realty Corporation and CarrAmerica Realty, L.P., as guarantors (herein called the “Guarantors”), and U.S. Bank Trust National Association, as trustee (herein called the “Trustee,” which term includes any successor
trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Operating Partnership, the
Guarantors, the Trustee and the Holders of the Notes and of the terms upon which the Notes are authenticated and delivered. This Note is one of the series designated therein. 
  
 Notes of this series may be redeemed at any time at the option of the Operating Partnership, in whole or in part, in
accordance with the terms of Article Eleven of the Indenture, at a redemption price equal to the sum of (i) the principal amount of the Notes being redeemed plus accrued interest thereon to the Redemption Date and (ii) the Make-Whole Amount, if any,
with respect to such Notes. 
  
 As used herein, 
  
 “Make-Whole Amount” means, in connection with any optional
redemption, the excess, if any, of (i) the aggregate present value as of the date of the redemption of each dollar of principal being redeemed and the amount of interest (exclusive of interest accrued to the date of redemption) that would have been
payable in respect of the dollar if the redemption had not been made, determined by discounting the principal and interest at the Reinvestment Rate (determined on the third Business Day preceding the date the notice of redemption is given) from the

  

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 respective dates on which the principal and interest would have been payable if the redemption had not been made to the
date of redemption, over (ii) the aggregate principal amount of the Notes being redeemed or paid. 
  
 “Reinvestment Rate” means 0.20% plus the arithmetic mean of the yields under the heading “Week Ending” published in the most recent
Statistical Release under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the remaining life to maturity of the Notes, as of the payment date of the principal being redeemed. If
no maturity exactly corresponds to such maturity, yields for the two published maturities most closely corresponding to the maturity shall be calculated pursuant to the immediately preceding sentence and the Reinvestment Rate shall be interpolated
or extrapolated from those yields on a straight-line basis, rounding each of the relevant periods to the nearest month. For purposes of calculating the Reinvestment Rate, the most recent Statistical Release published prior to the date of
determination of the Make-Whole Amount shall be used. 
  
 “Statistical Release” means the statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which reports yields on
actively traded United States government securities adjusted to constant maturities or, if such statistical release is not published at the time of any determination under the Indenture, then such other reasonably comparable index which shall be
designated by the Operating Partnership. 
  
 The Indenture
contains provisions for defeasance at any time of (a) the entire indebtedness of the Operating Partnership on this Note and (b) certain restrictive covenants and the related defaults and Events of Default applicable to the Operating Partnership, in
each case, upon compliance by the Operating Partnership with certain conditions set forth in the Indenture, which provisions apply to this Note. 
  
 If an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes may be declared due and payable in the manner
and with the effect provided in the Indenture. 
  
 As provided in
and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless (i)
such Holder shall have previously given written notice to the Trustee of a continuing Event of Default with respect to the Notes, (ii) the Holders of not less than 25% in principal amount of the Notes of this series at the time Outstanding shall
have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee, (iii) such Holder shall have offered the Trustee indemnity reasonably satisfactory to the Trustee against the costs,
expenses and liabilities to be incurred on compliance with such request, (iv) the Trustee shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity and 
  

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 (v) during such 60-day period, the Trustee shall not have received from the Holders of a majority in principal amount of
Notes of this series at the time Outstanding a direction inconsistent with such request. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any payment of principal hereof or any interest on or
after the respective due dates expressed herein. 
  
 The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Operating Partnership and the rights of the Holders of the Notes of each series to be affected under the Indenture
at any time by the Operating Partnership and the Trustee with the consent of the Holders of not less than a majority in principal amount of the Outstanding Notes of each series of Notes then Outstanding affected thereby. The Indenture also contains
provisions permitting the Holders of not less than a majority in principal amount of the Notes of each series at the time Outstanding, on behalf of the Holders of all Notes of such series, to waive compliance by the Operating Partnership with
certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 
  
 No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair (i) the
obligation of the Operating Partnership, which is absolute and unconditional, to pay the principal of (and Make-Whole Amount, if any) and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed, or (ii) the
obligations of the Guarantors, which are unconditional, in respect of the Guaranteed Obligations. 
  
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security Register, upon
surrender of this Note for registration of transfer at the office or agency of the Operating Partnership in any Place of Payment where the principal of (and Make-Whole Amount, if any) and interest on this Note are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Operating Partnership and the Security Registrar duly executed by the Holder hereof or his or her attorney duly authorized in writing, and thereupon one or more new Notes of
this series, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
  
 The Notes of this series are issuable only in registered form in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture
and subject to certain limitations therein set forth, Notes of this series are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder surrendering the same.

  

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 No service charge shall be made for any such registration of transfer or exchange, but the Operating
Partnership may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
  
 Prior to due presentment of this Note for registration of transfer, the Operating Partnership, the Guarantors, the Trustee and any agent of the Operating
Partnership or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Operating Partnership, the Trustee nor any such agent shall be affected
by notice to the contrary. 
  
 No recourse under or upon any
obligation, covenant or agreement contained in the Indenture or in this Note, or because of any indebtedness evidenced hereby or thereby, shall be had against any promoter, as such, or against any past, present or future stockholder, officer or
director, as such, of the Operating Partnership or any Guarantor or of any successor thereof, either directly or through the Operating Partnership or any Guarantor or any successor thereof, under any rule of law, statute or constitutional provision
or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance of this Note by the Holder thereof and as part of the consideration for the issue
of the Notes of this series. 
  
 All capitalized terms used but
not otherwise defined in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
  
 THE INDENTURE AND THE NOTES, INCLUDING THIS NOTE, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
  
 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Operating Partnership has caused a “CUSIP” number to be printed on the Notes of this series as a convenience to the Holders of such Notes. No representation is made as to the correctness or accuracy of such
CUSIP number as printed on the Notes, and reliance may be placed only on the other identification numbers printed hereon. 
  
 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual signature, this Note shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose. 
  

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 IN WITNESS WHEREOF, CARRAMERICA REALTY OPERATING PARTNERSHIP, L.P. has caused this instrument to be duly
executed this 23rd day of August 2004. 
  

					
	 CARRAMERICA REALTY OPERATING
 PARTNERHIP, L.P.

		
	 By:
	 	 CarrAmerica Realty Corporation,
 its general partner

			
	 	 	By:	 	 
	 	 	Name:	 	 Stephen E. Riffee

	 	 	Title:	 	 Chief Financial Officer and Treasurer

	
	 CARRAMERICA REALTY CORPORATION,
 as Guarantor

		
	 By:
	 	 
	 Name:
	 	 Stephen E. Riffee

	 Title:
	 	 Chief Financial Officer and Treasurer

  

									
	 CARRAMERICA REALTY, L.P., as Guarantor

		
	 By:
	 	 Carramerica Realty GP Holdings, LLC,
 its general partner

			
	 	 	By:	 	 CarrAmerica Realty Operating

	 	 	 	 	 Partnership, L.P.,
 its sole and managing
member

				
	 	 	 	 	 By:
	 	 CarrAmerica Realty Corporation,
 its general partner

					
	 	 	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 Name:
	 	 Stephen E. Riffee

	 	 	 	 	 	 	 Title:
	 	Chief Financial Officer and Treasurer

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 
  
 This is one of the Notes of the series designated therein referred to in the
within-mentioned Indenture. 
  

			
	 U.S. BANK TRUST NATIONAL ASSOCIATION,
 as Trustee

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

 ASSIGNMENT FORM 
  

FOR VALUE RECEIVED, the undersigned hereby 
 sells, assigns and transfers unto 

	
	PLEASE INSERT SOCIAL
	SECURITY OR OTHER IDENTIFYING
	 NUMBER OF ASSIGNEE

	
	

  
 _______________________________________________________ 
 (Please Print or Typewrite Name and Address including 
 Zip Code of Assignee) 
  
 __________________________________________ 
 the within Note of CarrAmerica
Realty Operating Partnership, L.P.and hereby does irrevocably constitute and appoint 
  
 __________________________________________ Attorney to transfer said Note on the books of the within-named Operating Partnership with full power of substitution in the premises. 
  
 Dated:___________ ____________________________________ 
  
                             ______________________________________ 
  
 NOTICE: The signature to this assignment must correspond with the name as it appears on the
first page of the within Note in every particular, without alteration or enlargement or any change whatever. 
  
 __________________________________________ 
  

 8Form of Guarantee by CarrAmerica Realty Corporation

 Exhibit 4.3 
  

GUARANTEE 
  
 CarrAmerica Realty Corporation, a Maryland corporation (herein referred to as the “Guarantor,” which term includes any successor Guarantor under
the senior indenture dated as of June 23, 2004 (the “Indenture”) between CarrAmerica Realty Operating Partnership, L.P. (the “Operating Partnership”), CarrAmerica Realty, L.P., the Guarantor and U.S. Bank Trust National
Association, as the trustee (the “Trustee”), referred to in the Note upon which this notation is endorsed), (i) has unconditionally guaranteed that (a) the principal of, interest and premium, if any, on the 5.125% Senior Notes due 2011
(the “Notes”) will be promptly paid in full when due, subject to any applicable grace period, whether at stated maturity, by acceleration or otherwise and interest on the overdue principal of, and interest on interest, to the extent
lawful, and premium, if any, on the Notes and all other obligations of the Operating Partnership to the Holders (as defined in the Indenture) or the Trustee under the Indenture or the Notes will be promptly paid in full, all in accordance with the
terms set forth in the Indenture and Notes; and (b) in case of any extension of time of payment or renewal of the Notes or of any such other obligations, the same will be promptly paid in full when due in accordance with the terms of the extension
or renewal, subject to any applicable grace period, whether at stated maturity, by acceleration or otherwise, (ii) has agreed to pay any and all costs and expenses (including reasonable attorneys’ fees) incurred by the Trustee or any Holder in
enforcing any rights under this guarantee; provided, however, that this guarantee is limited as to the Guarantor to the extent necessary not to constitute a fraudulent conveyance or fraudulent transfer. 
  
 No stockholder, officer, director, or incorporator, as such, past, present or
future, of any Guarantor shall have any personal liability under this guarantee by reason of his or its status as such stockholder, officer, director or incorporator. 
  
 This guarantee shall be binding upon the undersigned and, to the extent provided in the Indenture, its successors and
assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party
shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions hereof. 
  
 This guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Note upon which this guarantee is noted
shall have been executed by the Trustee under the Indenture by the manual signature of one of its authorized officers. 

 IN WITNESS WHEREOF, the Guarantor has caused this guarantee to be duly executed by its authorized
officer. 
  
 Dated: August 23, 2004 
  

			
	CARRAMERICA REALTY CORPORATION
		
	 By:
	 	

	 Name:
	 	 Stephen E. Riffee

	 Title:
	 	 Chief Financial Officer

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