Waiver Agreement by Quicksilver Gas Services GP LLC Regarding Omnibus Agreement Obligations (November 19, 2009)
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Summary
Quicksilver Gas Services GP LLC, as the general partner of Quicksilver Gas Services LP, has agreed to waive Quicksilver Resources Inc.'s obligation under a previous Omnibus Agreement to provide notice or offer to sell the Hill County Dry System asset to the partnership group. This waiver means Quicksilver is no longer required to follow the original process for this specific asset. The waiver is effective as of November 19, 2009.
EX-10.1 2 ex10_1.htm WAIVER, DATED NOVEMBER 19, 2009, BY QUICKSILVER GAS SERVICES GP LLC ex10_1.htm
Exhibit 10.1
WAIVER
November 19, 2009
Reference is hereby made to that certain Omnibus Agreement, dated as of August 10, 2007 (the “Omnibus Agreement”), by and among Quicksilver Resources Inc., a Delaware corporation (“Quicksilver”), Quicksilver Gas Services LP, a Delaware limited partnership (the “MLP”), and Quicksilver Gas Services GP LLC, a Delaware limited liability company and the general partner of the MLP (the “General Partner”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Omnibus Agreement.
The General Partner, intending to be legally bound hereby, waives the obligation of Quicksilver set forth in Section 2.3(a)(i) of the Omnibus Agreement to provide a Commencement Notice with respect to, or otherwise offer to sell to a Partnership Group Member, the Hill County Dry System (one of the “Retained Assets” listed on Schedule A to the Omnibus Agreement).
QUICKSILVER GAS SERVICES GP LLC | ||
By: | /s/ Philip Cook | |
Name: | Philip Cook | |
Title: | Senior Vice President – Chief Financial Officer | |
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