Unless this Security 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 Company (as defined below) or its agent for registration of transfer,...
Exhibit 4.2
Unless this Security is presented by an authorized representative of The Depository Trust
Company, a New York corporation (“DTC”), 00 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx, to the Company (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 Security is a Global Security 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 Security is
exchangeable for Securities 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 | PRINCIPAL AMOUNT | |||||||
| CUSIP No.: 202218 AH 6 | $150,000,000.00 (subject to revision as set forth below) | |||||||
COMMERCIAL NET LEASE REALTY, INC.
6.15% NOTE DUE 2015
COMMERCIAL NET LEASE REALTY, INC., a corporation duly organized and existing under the laws of
the State of Maryland (herein referred to as the “Company” which term shall include any successor
corporation 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 ONE HUNDRED FIFTY
MILLION AND 00/100THS DOLLARS ($150,000,000.00), as may be revised by the Schedule of Increases or
Decreases in Global Security attached hereto, on December 15, 2015 and to pay interest on the
outstanding principal amount thereon from November 17, 2005, or from the immediately preceding
Interest Payment Date to which interest has been paid or duly provided for, semi-annually in
arrears on June 15 and December 15 in each year, commencing December 15, 2005, at the rate of 6.15%
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 Security is registered at the close of
business on the Regular Record Date for such interest which shall be the June 1 or December 1
(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
Security 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
Securities not more than 15 days and not less than 10 days prior to such Special Record Date,
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or may be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities 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 Security will be made at the office or agency maintained for that purpose in the
City of Charlotte, North Carolina, 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 Company payments of
principal and interest on the 6.15% Notes (other than payments of principal and interest due at
Maturity) may be made (i) by check mailed to the address of the Person entitled thereto as such
address shall appear in the Security Register or (ii) by wire transfer to an account of the Person
entitled thereto located within the United States, provided, that such Person owns 6.15% Notes in
an aggregate principal amount of at least $1,000,000 and such Person makes a written request
therefor for the appropriate Interest Payment Date.
Securities of this series are one of a duly authorized issue of securities of the Company
(herein called the “Securities”), issued and to be issued in one or more series under an Indenture,
dated as of March 25, 1998 (as so supplemented, herein called the “Indenture”), between the Company
and Wachovia Bank, National Association, as successor trustee to First Union National Bank (herein
called the “Trustee,” which term includes any successor trustee under the Indenture), to which
Indenture and all indentures supplemental thereto, including, the Sixth Supplemental Indenture
thereto, dated November 17, 2005 between the Company and the Trustee, reference is hereby made for
a statement of the respective rights, limitations of rights, duties and immunities thereunder of
the Company, the Trustee and the Holders of the Securities and of the terms upon which the
Securities are authenticated and delivered. This Security is one of the series designated in the
first page thereof, initially limited in aggregate principal amount to $150,000,000,
provided, that the Company may, without the consent of the Holders of the Outstanding 6.15%
Notes, “reopen” this series of Securities so as to increase the aggregate principal amount of 6.15%
Notes Outstanding in compliance with the procedures set forth in the Indenture, including Sections
3.1 and 3.3 thereof, so long as any such additional notes have the same tenor and terms (including,
without limitation, rights to receive accrued and unpaid interest) as the 6.15% Notes then
Outstanding.
Securities of this series may be redeemed at any time at the option of the Company, in whole
or in part, upon notice of not more than 60 nor less than 30 days prior to the Redemption Date, at
a redemption price equal to the sum of (i) the principal amount of the Securities being redeemed
plus accrued interest thereon to the Redemption Date and (ii) the Make-Whole Amount, if any, with
respect to such Securities.
The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of
the Company on this Security and (b) certain restrictive covenants and the related defaults and
Events of Default applicable to the Company, in each case, upon compliance by the Company with
certain conditions set forth in the Indenture, which provisions apply to this Security.
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If an Event of Default with respect to the Securities shall occur and be continuing, the
principal of the Securities 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 Security
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 such Holder shall
have previously given written notice to the Trustee of a continuing Event of Default with respect
to the Securities, the Holders of not less than 25% in principal amount of the Securities 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 as Trustee and offered the Trustee reasonable
indemnity and the Trustee shall not have received from the Holders of a majority in principal
amount of Securities of this series at the time Outstanding a direction inconsistent with such
request, and shall have failed to institute any such proceeding, for 60 days after receipt of such
notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by
the Holder of this Security 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 Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of not less than a majority in principal amount of the
Outstanding Securities of each series of Securities then Outstanding affected thereby. The
Indenture also contains provisions permitting the Holders of specified percentages in principal
amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all
Securities of such series, to waive compliance by the Company 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 Security shall be conclusive and binding upon such Holder and upon
all future Holders of this Security and of any Security 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 Security.
No reference herein to the Indenture and no provision of this Security or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay
the principal of (and Make-Whole Amount, if any) and interest on this Security at the times, place
and rate, and in the coin or currency, herein prescribed.
As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any Place of Payment where
the principal of (and Make-Whole Amount, if any) and interest on this Security are payable, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company
and the Security Registrar duly executed by the Holder hereof or his attorney duly authorized in
writing, and thereupon one or more new Securities of this series, of authorized denominations and
for the same aggregate principal amount, will be issued to the designated transferee or
transferees.
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The Securities of this series are issuable only in registered form without coupons in
denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and
subject to certain limitations therein set forth, Securities of this series are exchangeable for a
like aggregate principal amount of Securities of this series of a different authorized
denomination, as requested by the Holder surrendering the same.
This 6.15% Note is a Global Security. As provided in and subject to the provisions of the
Indenture, definitive Securities shall be issued to all owners of beneficial interests in a Global
Security in exchange for such interests if: (1) the depositary with respect to the 6.15% Notes
(which shall initially be DTC) notifies the Company that it is unwilling or unable to continue as
depositary for such Global Security or the depositary ceases to be a clearing agency registered
under the Exchange Act, at a time when the depositary is required to be so registered in order to
act as depositary, and in each case a successor depositary is not appointed by the Company within
90 days of such notice; (2) an Event of Default has occurred and is continuing and the Security
Registrar has received a request from the depositary or (3) the Company executes and delivers to
the Trustee and Security Registrar an Officers’ Certificate stating that such Global Security shall
be so exchangeable. In connection with the exchange of an entire Global Security for definitive
Securities pursuant to this paragraph, such Global Security shall be deemed to be surrendered to
the Trustee for cancellation, and the Company shall execute and the Trustee shall authenticate and
deliver, to each beneficial owner identified by the depositary in exchange for its beneficial
interest in such Global Security, an equal aggregate principal amount of definitive Securities of
authorized denominations.
No service charge shall be made for any such registration of transfer or exchange, but the
Company 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 Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, 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 Security, or because of any indebtedness evidenced hereby or thereby, shall be had against
any promoter, as such, or against any past, present or future shareholder, officer or director, as
such, of the Company or of any successor, either directly or through the Company or any successor,
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 Security by the Holder thereof and as part of the consideration
for the issue of the Securities of this series.
All capitalized terms used in this Security which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.
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THE INDENTURE AND THE SECURITIES, INCLUDING THIS SECURITY, 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 Company has caused “CUSIP” numbers to be printed on the Securities of this series
as a convenience to the Holders of such Securities. No representation is made as to the
correctness or accuracy of such CUSIP numbers as printed on the Securities, 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 Security 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, COMMERCIAL NET LEASE REALTY, INC. has caused this instrument to be duly
executed under its corporate seal.
Dated: November 17, 2005
| COMMERCIAL NET LEASE REALTY, INC. |
||||
| [SEAL] | By: | |||
| Xxxxx X. Xxxxxxx | ||||
| Executive Vice President, Chief Financial Officer, Assistant Secretary and Treasurer |
||||
Attest:
|
||
Secretary
|
TRUSTEE’S CERTIFICATE OF AUTHENTICATION:
This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.
| WACHOVIA BANK, NATIONAL ASSOCIATION, | ||||||
| as Trustee | ||||||
Dated: November 17, 2005
|
By: | |||||
| Authorized Signatory | ||||||
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ASSIGNMENT FORM
FOR VALUE RECEIVED, the undersigned hereby
Sells, assigns and transfers unto
Sells, assigns and transfers unto
PLEASE INSERT SOCIAL
SECURITY OR OTHER IDENTIFYING
NUMBER OF ASSIGNEE
SECURITY OR OTHER IDENTIFYING
NUMBER OF ASSIGNEE
(Please Print or Typewrite Name and Address including
Zip Code of Assignee)
the within Security of Commercial Net Lease Realty, Inc. and hereby does irrevocably constitute and
appoint
Attorney to transfer said Security on the books of the
within-named Company 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 Security in every particular, without alteration or enlargement or any change
whatever.
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SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY
The following increases or decreases in this Global Security have been made:
| Amount of | Amount of | ||||||||||
| Decrease in | Increase in | Principal Amount of | Signature of | ||||||||
| Principal Amount | Principal Amount | this Global Security | Authorized Officer | ||||||||
| of this Global | of this Global | Following Such | of Trustee or | ||||||||
| Date | Security | Security | Increase or Decrease | Custodian |
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