Third Supplemental Indenture

Contract Categories: Business Finance - Indenture Agreements
EX-4.2 4 h41300exv4w2.htm THIRD SUPPLEMENTAL INDENTURE exv4w2
 

Exhibit 4.2
     This THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of November 15, 2006, is among Plains All American Pipeline, L.P., a Delaware limited partnership (“Plains”), Pacific Energy Finance Corporation, a Delaware corporation (“Finance Corp”), each of the parties identified under the caption “Guarantors” on the signature pages hereto (the “Guarantors”) and Wells Fargo Bank, National Association, a national association, as Trustee.
RECITALS
     WHEREAS, Pacific Energy Partners, L.P., a Delaware limited partnership (the “Company”), Finance Corp (together with the Company, the “Issuers”), the initial Guarantors and the Trustee entered into an Indenture, dated as of June 16, 2004 (the “Indenture”), pursuant to which the Issuers have issued $250 million in aggregate principal amount of 7 1/8% Senior Notes due 2014 (the “Notes”);
     WHEREAS, the Issuers, the initial Guarantors and the Trustee entered into a First Supplemental Indenture, dated as of March 3, 2005, to effect certain amendments to the Indenture;
     WHEREAS, the Issuers, the initial Guarantors and the Trustee entered into a Second Supplemental Indenture, dated as of September 23, 2005, to effect certain amendments to the Indenture;
     WHEREAS, the Company has merged with and into Plains on November 15, 2006, and Plains is the survivor of such merger;
     WHEREAS, Section 9.01(c) of the Indenture provides that the Issuers, the Guarantors and the Trustee may amend or supplement the Indenture in order to comply with Section 5.01 thereof, without the consent of the Holders of the Notes;
     WHEREAS, Section 9.01(g) of the Indenture provides that the Issuers, the Guarantors and the Trustee may amend or supplement the Indenture in order to comply with Section 4.13 thereof, without the consent of the Holders of the Notes;
     WHEREAS, all acts and things prescribed by the Indenture, by law and by the Certificate of Incorporation and the Bylaws (or comparable constituent documents) of Plains, Finance Corp, the Guarantors and of the Trustee necessary to make this Supplemental Indenture a valid instrument legally binding on Plains, Finance Corp, the Guarantors and the Trustee, in accordance with its terms, have been duly done and performed;
     NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the above premises, Plains, Finance Corp, the Guarantors and the Trustee covenant and agree for the equal and proportionate benefit of the respective Holders of the Notes as follows:

 


 

ARTICLE I
     Section 1.01. This Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes.
     Section 1.02. This Supplemental Indenture shall become effective immediately upon its execution and delivery by each of Plains, Finance Corp, the Guarantors and the Trustee.
ARTICLE II
     Section 2.01. From this date, in accordance with Section 5.01 and by executing this Supplemental Indenture, Plains unconditionally assumes all of the obligations of the Company under the Indenture and under the Notes.
     Section 2.02. From this date, in accordance with Section 4.13 and by executing this Supplemental Indenture, the Guarantors whose signatures appear below are subject to the provisions of the Indenture to the extent provided for in Article 10 thereunder.
ARTICLE III
     Section 3.01. Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms with all capitalized terms used herein without definition having the same respective meanings ascribed to them as in the Indenture.
     Section 3.02. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto.
     Section 3.03. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
     Section 3.04. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement.
[NEXT PAGE IS SIGNATURE PAGE]

2


 

     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first written above.
         
  PLAINS ALL AMERICAN PIPELINE, L.P.
 
 
  By:   Plains AAP, L.P.,
its General Partner  
 
         
  By:   Plains All American GP LLC,
its General Partner  
 
     
  By:   /s/ Al Swanson   
    Al Swanson   
    Vice President - Finance and Treasurer   
         
  PACIFIC ENERGY FINANCE CORPORATION
 
 
  By:   /s/ Al Swanson   
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  GUARANTORS:
 
PACIFIC ATLANTIC TERMINALS LLC

 
 
  By:   /s/ Al Swanson   
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  PACIFIC ENERGY GROUP LLC
 
 
  By:   /s/ Al Swanson   
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
[Signature Page to Third Supplemental Indenture]

 


 

         
  PEG CANADA GP LLC
 
 
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  PEG CANADA, L.P.
 
 
  By:   PEG Canada GP LLC,
its general partner  
 
         
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
         
  ROCKY MOUNTAIN PIPELINE SYSTEM LLC
 
 
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  RANCH PIPELINE LLC
 
 
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  PACIFIC MARKETING AND TRANSPORTATION LLC
 
 
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
[Signature Page to Third Supplemental Indenture]

 


 

         
  PACIFIC L.A. MARINE TERMINAL LLC
 
 
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  RANGELAND PIPELINE COMPANY
 
 
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  AURORA PIPELINE COMPANY LTD.
 
 
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  RANGELAND PIPELINE PARTNERSHIP
 
 
  By:   Rangeland Pipeline Company,
its managing partner  
 
         
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
[Signature Page to Third Supplemental Indenture]

 


 

         
  RANGELAND NORTHERN PIPELINE COMPANY
 
 
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  RANGELAND MARKETING COMPANY
 
 
  By:    /s/ Al Swanson  
    Name:   Al Swanson   
    Title:   Vice President - Finance and Treasurer   
 
  PLAINS MARKETING, L.P.
 
 
  By:   Plains Marketing GP Inc.,
its general partner  
 
         
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
         
  PLAINS PIPELINE, L.P.
 
 
  By:   Plains Marketing GP Inc.,
its general partner  
 
         
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
[Signature Page to Third Supplemental Indenture]

 


 

         
  PLAINS MARKETING GP INC.
 
 
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
  PLAINS MARKETING CANADA LLC
 
 
  By:   Plains Marketing, L.P.,
its sole member  
 
         
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
         
  PLAINS MARKETING CANADA, L.P.
 
 
  By:   PMC (Nova Scotia) Company,
its general partner  
 
         
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
         
  PMC (NOVA SCOTIA) COMPANY
 
 
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
[Signature Page to Third Supplemental Indenture]

 


 

         
  BASIN HOLDINGS GP LLC
 
 
  By:   Plains Pipeline, L.P.,
its sole member  
 
         
     
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
         
  BASIN PIPELINE HOLDINGS, L.P.
 
 
  By:   Basin Holdings GP LLC,
its general partner  
 
         
  By:   Plains Pipeline, L.P.,
its sole member  
 
     
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
         
  RANCHO HOLDINGS GP LLC
 
 
  By:   Plains Pipeline, L.P.,
its sole member  
 
         
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
[Signature Page to Third Supplemental Indenture]

 


 

         
  RANCHO PIPELINE HOLDINGS, L.P.
 
 
  By:   Rancho Holdings GP LLC,
its general partner  
 
         
  By:   Plains Pipeline, L.P.,
its sole member  
 
     
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
         
  PLAINS LPG SERVICES GP LLC
 
 
  By:   Plains Marketing, L.P.,
its sole member  
 
         
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
         
  PLAINS LPG SERVICES, L.P.
 
 
  By:   Plains LPG Services GP LLC,
its general partner  
 
         
  By:   Plains Marketing, L.P.,
its sole member  
 
     
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
[Signature Page to Third Supplemental Indenture]

 


 

         
  LONE STAR TRUCKING, LLC
 
 
  By:   Plains LPG Services, L.P.,
its sole member  
 
         
  By:   Plains LPG Services GP LLC,
its general partner  
 
     
  By:   Plains Marketing, L.P.,
its sole member  
 
     
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
         
  PLAINS MARKETING INTERNATIONAL GP LLC
 
 
  By:   Plains Marketing, L.P.,
its sole member  
 
         
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
[Signature Page to Third Supplemental Indenture]

 


 

         
  PLAINS MARKETING INTERNATIONAL, L.P.
 
 
  By:   Plains Marketing International GP LLC,
its general partner  
 
         
  By:   Plains Marketing, L.P.,
its sole member  
 
     
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
         
  PLAINS LPG MARKETING, L.P.
 
 
  By:   Plains LPG Services GP LLC,
its general partner  
 
         
  By:   Plains Marketing, L.P.,
its sole member  
 
     
  By:   Plains Marketing GP Inc.,
its general partner  
 
     
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
         
  PAA FINANCE CORP.
 
 
  By:    /s/ Al Swanson  
    Al Swanson   
    Vice President and Treasurer   
 
[Signature Page to Third Supplemental Indenture]

 


 

         
  WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
 
 
  By:    /s/ Maddy Hall  
    Name:    Maddy Hall  
    Title   Assistant Vice President
 
[Signature Page to Third Supplemental Indenture]