Subsidiary Guarantors' Notation of Guarantee under Indenture for Bond Offering

Summary

This agreement is a guarantee by several subsidiary companies, including HPL Holdings GP, L.L.C. and others, ensuring the full and unconditional payment of principal, premium, interest, and other amounts due on securities issued by the Partnership. The guarantee is made to the holders of the securities and the trustee, as detailed in Article X of the Indenture. The subsidiaries are legally bound to cover these payments if the Partnership fails to do so, providing additional security for investors in the bond offering.

EX-10.46 6 dex1046.htm NOTION OF GUARANTEE Notion of Guarantee

Exhibit 10.46

NOTATION OF GUARANTEE

Each of the Subsidiary Guarantors set forth below (which term includes any successor Person under the Indenture), has fully, unconditionally and absolutely guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture, the due and punctual payment of the principal of, and premium, if any, and interest on the Securities and all other amounts due and payable under the Indenture and the Securities by the Partnership.

The obligations of the Subsidiary Guarantors to the Holders of Securities and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article X of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee.


SUBSIDIARY GUARANTORS:

HPL HOLDINGS GP, L.L.C.

By:	/s/ H. Michael Krimbill
	H. Michael Krimbill
	President and Chief Financial Officer

HP HOUSTON HOLDINGS, L.P.

By:	HPL HOLDINGS GP, L.L.C.,
	its general partner

	By:	/s/ H. Michael Krimbill
		H. Michael Krimbill
		President and Chief Financial Officer

HPL CONSOLIDATION LP

By:	HPL HOLDINGS GP, L.L.C.,
	its general partner

	By:	/s/ H. Michael Krimbill
		H. Michael Krimbill
		President and Chief Financial Officer

Notation of Guarantee—Bond Offering


HPL STORAGE GP, LLC

By:	/s/ H. Michael Krimbill
	H. Michael Krimbill
	President and Chief Financial Officer

HPL ASSET HOLDINGS, LP

By:	HPL STORAGE GP, LLC,
	its general partner

	By:	/s/ H. Michael Krimbill
		H. Michael Krimbill
		President and Chief Financial Officer

HPL LEASECO, LP

By:	HPL STORAGE GP, LLC,
	its general partner

	By:	/s/ H. Michael Krimbill
		H. Michael Krimbill
		President and Chief Financial Officer

HPL GP, LLC

By:	/s/ H. Michael Krimbill
	H. Michael Krimbill
	President and Chief Financial Officer

HOUSTON PIPE LINE COMPANY, LP

By:	HPL GP, LLC,
	its general partner

	By:	/s/ H. Michael Krimbill
		H. Michael Krimbill
		President and Chief Financial Officer


HPL RESOURCES COMPANY, LP

By:	HPL GP, LLC,
	its general partner

	By:	/s/ H. Michael Krimbill
		H. Michael Krimbill
		President and Chief Financial Officer

HPL GAS MARKETING, LP

By:	HPL GP, LLC,
	its general partner

	By:	/s/ H. Michael Krimbill
		H. Michael Krimbill
		President and Chief Financial Officer

HPL HOUSTON PIPE LINE COMPANY, LLC

By:	/s/ H. Michael Krimbill
	H. Michael Krimbill
	President and Chief Financial Officer