SECOND SUPPLEMENTAL INDENTURE
EX-4.2 5 h48040exv4w2.htm SECOND SUPPLEMENTAL INDENTURE exv4w2
Exhibit 4.2
SECOND SUPPLEMENTAL INDENTURE
SECOND SUPPLEMENTAL INDENTURE (this Supplemental Indenture) dated as of June 30, 2007, among TEPPCO Partners, L.P., a Delaware limited partnership (the Partnership), TE Products Pipeline Company, Limited Partnership, a Texas limited partnership (formerly a Delaware limited partnership, TE Products), TCTM, L.P., a Delaware limited partnership (TCTM), TEPPCO Midstream Companies, L.P., a Texas limited partnership (formerly a Delaware limited partnership, TEPPCO Midstream), Val Verde Gas Gathering Company, L.P., a Delaware limited partnership (Val Verde, and together with TE Products, TCTM and TEPPCO Midstream, the Existing Subsidiary Guarantors), TE Products Pipeline Company, LLC, a Texas limited liability company, TEPPCO Midstream Companies, LLC, a Texas limited liability company (together with TE Products Pipeline Company, LLC, the New Subsidiary Guarantors), and The Bank of New York Trust Company, N.A., as trustee under the Indenture referred to below (in such capacity, the Trustee).
WITNESSETH:
WHEREAS, the Partnership and the Existing Subsidiary Guarantors have heretofore executed and delivered to the Trustee an Indenture dated as of May 14, 2007 (the Original Indenture), providing for the Partnerships issuance, from time to time, of its Debt Securities in one or more series unlimited as to principal amount, and the Guarantees by each of the Subsidiary Guarantors of the Debt Securities;
WHEREAS, the Partnership and the Existing Subsidiary Guarantors have heretofore executed and delivered to the Trustee a First Supplemental Indenture dated as of May 18, 2007 (the First Supplemental Indenture, and together with the Original Indenture, the Indenture), providing for the Partnerships issuance of the initial series of its Debt Securities under the Indenture, such series known as the Partnerships 7.000% Fixed/Floating Rate Junior Subordinated Notes due 2067 (the 2067 Notes);
WHEREAS, Section 9.01(h) of the Indenture authorizes the Partnership, the Subsidiary Guarantors and the Trustee, from time to time and at any time, and without the consent of the Holders, to enter into one or more indentures supplemental to the Indenture to add Subsidiary Guarantors with respect to any or all Debt Securities;
WHEREAS, the New Subsidiary Guarantors are Subsidiaries of the Partnership and the Partnership desires to cause each New Subsidiary Guarantor, and each New Subsidiary Guarantor desires to become, a Subsidiary Guarantor with respect to the 2067 Notes;
WHEREAS, Section 9.01 of the Indenture authorizes the Trustee to join with the Partnership and the Subsidiary Guarantors in the execution of this Supplemental Indenture for the purpose of adding a Subsidiary Guarantor, and further provides that any such supplemental indenture may be executed by the Partnership, the Subsidiary Guarantors and the Trustee without the consent of the Holders of any Debt Securities at the time Outstanding; and
WHEREAS, all things necessary have been done to make the Guarantee of the 2067 Notes by each New Subsidiary Guarantor the valid obligation of such New Subsidiary Guarantor and to make this Supplemental Indenture a valid agreement of the Partnership, the Existing Subsidiary Guarantors and the New Subsidiary Guarantors, in accordance with their respective terms;
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Partnership, the Existing Subsidiary Guarantors, the New Subsidiary Guarantors and the Trustee mutually covenant and agree for the equal and proportionate benefit of the Holders of the 2067 Notes as follows:
1. Capitalized Terms. Capitalized terms used herein and not defined herein shall have the meaning ascribed to them in the Indenture.
2. Agreement to Guarantee. Each New Subsidiary Guarantor hereby agrees, jointly and severally with all other Subsidiary Guarantors, fully, unconditionally and absolutely to guarantee, to the extent set forth in the Indenture and subject to the provisions of the Indenture, the due and punctual payment of the principal of, and the premium, if any, and interest on, the 2067 Notes and all other amounts due and payable by the Partnership under the Indenture and the 2067 Notes, and to be bound by all other provisions of the Indenture applicable to Subsidiary Guarantors. Further, each New Subsidiary Guarantor acknowledges and agrees that its obligations to the Holders of the 2067 Notes and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article XIV of the Indenture, and reference is hereby made to the Indenture for the precise terms of the Guarantee.
3. No Recourse Against Others. The General Partner, the Persons who formed the General Partner and the General Partners directors, officers, employees, incorporators and members, as such, shall have no liability for any obligations of the Partnership or the Subsidiary Guarantors under the 2067 Notes, the Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. By accepting a 2067 Note, each Holder waived and released all such liability. Such waiver and release are a part of the consideration for issuance of the 2067 Notes.
4. NEW YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEES PROVIDED FOR HEREIN SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
5. Counterparts. The parties may sign any number of counterparts of this Supplemental Indenture, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument.
6. Effect of Headings. The headings herein are for convenience only and shall not affect the construction hereof.
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IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed and delivered, all as of the date first above written.
TEPPCO Partners, L.P. | ||||
By | Texas Eastern Products Pipeline Company, LLC, | |||
Its General Partner | ||||
By: | /s/ William G. Manias | |||
William G. Manias | ||||
Vice President and Chief Financial Officer | ||||
TE Products Pipeline Company, Limited Partnership | ||||
By | TEPPCO GP, Inc., | |||
Its General Partner | ||||
By: | /s/ William G. Manias | |||
William G. Manias | ||||
Vice President and Chief Financial Officer | ||||
TCTM, L.P. | ||||
By | TEPPCO GP, Inc., | |||
Its General Partner | ||||
By: | /s/ William G. Manias | |||
William G. Manias | ||||
Vice President and Chief Financial Officer | ||||
TEPPCO Midstream Companies, L.P. | ||||
By | TEPPCO GP, Inc., | |||
Its General Partner | ||||
By: | /s/ William G. Manias | |||
William G. Manias | ||||
Vice President and Chief Financial Officer |
Signature Page to Second Supplemental Indenture
Val Verde Gas Gathering Company, L.P. | ||||
By | TEPPCO NGL Pipelines, LLC, | |||
Its General Partner | ||||
By: | /s/ William G. Manias | |||
William G. Manias | ||||
Vice President and Chief Financial Officer | ||||
TE Products Pipeline Company, LLC | ||||
By | TEPPCO GP, Inc., | |||
Its Manager | ||||
By: | /s/ William G. Manias | |||
William G. Manias | ||||
Vice President and Chief Financial Officer | ||||
TEPPCO Midstream Companies, LLC | ||||
By | TEPPCO GP, Inc., | |||
Its Manager | ||||
By: | /s/ William G. Manias | |||
William G. Manias | ||||
Vice President and Chief Financial Officer | ||||
The Bank of New York Trust Company, N.A. as Trustee | ||||
By: | /s/ Alma Marcella Burgess | |||
Alma Marcella Burgess | ||||
Assistant Vice President |
Signature page to Second Supplemental Indenture