risks and uncertainties with respect to the actual quantities of petroleum products and crude oil shipped on our pipelines and/or terminalled in our terminals

EX-4.9 2 c96322exv4w9.htm EXHIBIT 4.9 Exhibit 4.9
Exhibit 4.9
SIXTH SUPPLEMENTAL INDENTURE
Sixth Supplemental Indenture (this “Sixth Supplemental Indenture”), dated as of December 15, 2009, among Roadrunner Pipeline, L.L.C., a Delaware limited liability company (the “Guaranteeing Subsidiary”), Holly Energy Partners, L.P., a Delaware limited partnership (“Holly Energy Partners”), and Holly Energy Finance Corp. (“Finance Corp.” and, together with Holly Energy Partners, the “Issuers”), the other Guarantors (as defined in the Indenture referred to below) and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”).
W I T N E S S E T H
WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of February 28, 2005 providing for the issuance of 61/4% Senior Notes due 2015 (the “Notes”), a First Supplemental Indenture, dated as of March 10, 2005, providing for the addition of HEP Fin-Tex/Trust River, L.P., a Texas limited partnership, as a Guarantor under the Indenture, a Second Supplemental Indenture, dated as of April 27, 2005, providing for the correction of the redemption prices tables in the Indenture and the form of Note, a Third Supplemental Indenture, dated as of June 11, 2009, providing for the addition of Lovington-Artesia, L.L.C., a Delaware limited liability company, as a Guarantor under the Indenture, a Fourth Supplemental Indenture, dated as of June 29, 2009, providing for the addition of HEP SLC, L.L.C., a Delaware limited liability company, as a Guarantor under the Indenture, and a Fifth Supplemental Indenture dated as of July 13, 2009, providing for the addition of HEP Tulsa LLC, a Delaware limited liability company, as a Guarantor under the Indenture;
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and
WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Sixth Supplemental Indenture.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 10 thereof.

 

 


 

3. No Recourse Against Others. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Issuers or any Guaranteeing Subsidiary under the Notes, any Note Guarantees, the Indenture or this Sixth Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy.
4. NEW YORK LAW TO GOVERN. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SIXTH SUPPLEMENTAL INDENTURE.
5. Counterparts. The parties may sign any number of copies of this Sixth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
6. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.
7. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Sixth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Issuers.
[Remainder of Page Intentionally Left Blank]

 

2


 

IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental Indenture to be duly executed and attested, all as of the date first above written.
                     
    GUARANTEEING SUBSIDIARY:    
 
                   
    ROADRUNNER PIPELINE, L.L.C., a Delaware limited liability company    
 
                   
    By:   Holly Energy Partners — Operating, L.P.,    
        a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics GP, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
        By:   Holly Energy Partners, L.P., a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics Holdings, L.P., a Delaware limited partnership, its General Partner    
 
                   
        By:   Holly Logistic Services, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
 
          By:        
 
             
 
Bruce R. Shaw
   
 
              Senior Vice President and    
 
              Chief Financial Officer    

 

S-1


 

                     
    ISSUERS:    
 
                   
    HOLLY ENERGY PARTNERS, L.P.    
 
                   
    By:   HEP Logistic Holdings, L.P.,
its general partner
   
 
                   
        By:   Holly Logistic Services, L.L.C.,
its general partner
   
 
                   
 
          By:        
 
             
 
Bruce R. Shaw
   
 
              Senior Vice President and    
 
              Chief Financial Officer    
 
                   
    HOLLY ENERGY FINANCE CORP.    
 
                   
 
  By:                
             
        Bruce R. Shaw
Vice President and Chief Financial Officer
   

 

S-2


 

                     
    OTHER GUARANTORS:    
 
                   
    HEP LOGISTICS GP, L.L.C., a Delaware limited liability company    
 
                   
    By:   Holly Energy Partners, L.P., a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics Holdings, L.P., a Delaware limited partnership, its General Partner    
 
                   
        By:   Holly Logistic Services, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
 
          By:        
 
             
 
Bruce R. Shaw
   
 
              Senior Vice President and    
 
              Chief Financial Officer    
 
                   
    HOLLY ENERGY PARTNERS-OPERATING,
L.P., a Delaware limited partnership
   
 
                   
    By:   HEP Logistics GP, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
        By:   Holly Energy Partners, L.P., a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics Holdings, L.P., a Delaware limited partnership, its General Partner    
 
                   
        By:   Holly Logistic Services, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
 
          By:        
 
             
 
Bruce R. Shaw
Senior Vice President and
   
 
              Chief Financial Officer    

 

S-3


 

                     
    HEP PIPELINE GP, L.L.C., a Delaware limited liability company    
 
                   
    HEP REFINING GP, L.L.C., a Delaware limited liability company    
 
                   
    HEP MOUNTAIN HOME, L.L.C., a Delaware limited liability company    
 
                   
    HEP PIPELINE, L.L.C., a Delaware limited liability company    
 
                   
    HEP REFINING, L.L.C., a Delaware limited liability company    
 
                   
    HEP WOODS CROSS, L.L.C., a Delaware limited liability company    
 
                   
    LOVINGTON-ARTESIA, L.L.C., a Delaware limited liability company    
 
                   
    HEP SLC, LLC, a Delaware limited liability company    
 
                   
    HEP TULSA LLC, a Delaware limited liability company    
 
                   
    Each by:   Holly Energy Partners—Operating, L.P., a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics GP, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
        By:   Holly Energy Partners, L.P., a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics Holdings, L.P., a Delaware limited partnership, its General Partner    
 
                   
        By:   Holly Logistic Services, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
 
          By:        
 
             
 
Bruce R. Shaw
   
 
              Senior Vice President and    
 
              Chief Financial Officer    

 

S-4


 

                     
    HEP FIN-TEX/TRUST RIVER, L.P., a Texas limited partnership    
 
                   
    HEP NAVAJO SOUTHERN, L.P., a Delaware limited partnership    
 
                   
    HEP PIPELINE ASSETS, LIMITED PARTNERSHIP, a Delaware limited partnership    
 
                   
    Each by:   HEP Pipeline GP, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
        By:   Holly Energy Partners—Operating, L.P., a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics GP, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
        By:   Holly Energy Partners, L.P., a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics Holdings, L.P., a Delaware limited partnership, its General Partner    
 
                   
        By:   Holly Logistic Services, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
 
          By:        
 
             
 
Bruce R. Shaw
   
 
              Senior Vice President and    
 
              Chief Financial Officer    

 

S-5


 

                     
    HEP REFINING ASSETS, L.P., a Delaware limited partnership    
 
                   
    By:   HEP Refining GP, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
        By:   Holly Energy Partners—Operating, L.P., a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics GP, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
        By:   Holly Energy Partners, L.P., a Delaware limited partnership, its Sole Member    
 
                   
        By:   HEP Logistics Holdings, L.P., a Delaware limited partnership, its General Partner    
 
                   
        By:   Holly Logistic Services, L.L.C., a Delaware limited liability company, its General Partner    
 
                   
 
          By:        
 
             
 
Bruce R. Shaw
Senior Vice President and
   
 
              Chief Financial Officer    

 

S-6


 

         
  U.S. BANK NATIONAL ASSOCIATION,
as Trustee
 
 
  By:      
    Seth Dodson   
    Vice President   
 

 

S-7