EXHIBIT 10.6
EXECUTION COPY
THE XXXXXXXX COMPANIES, INC.
MULTIYEAR CREDIT AGREEMENT
AMENDMENT
Dated as of March 28, 2903
This AMENDMENT, dated as of March 28, 2003 (this "Agreement"),
under the First Amended and Restated Credit Agreement dated October 31, 2002, as
modified by the Consent and Waiver dated as of January 22, 2003 (such agreement,
as amended or otherwise modified, being referred to herein as the "Credit
Agreement"), among The Xxxxxxxx Companies, Inc., a Delaware corporation ('TWC"),
Northwest Pipeline Corporation, a Delaware corporation (t4WP"), Transcontinental
Gas Pipe Line Corporation, a Delaware corporation ("TGPL"), and Texas Gas
Transmission Corporation, a Delaware corporation ('TGT"); TWC, NWP, TGPL and TGT
each a 'Borrower" and collectively, the 'Borrowers"), the financial institutions
and other Persons from time to time party thereto (the "Banks"), JPMorgan Chase
Bank (f/k/a The Chase Manhattan Bank) and Commerzbank AG, as Co- Syndication
Agents, Credit Lyonnais New York Branch, as Documentation Agent, and Citicorp
USA, Inc., as agent (the "Agent"). Capitalized terms used without definition in
this Agreement shall have the meanings provided in the Credit Agreement.
W I T N E S S E T H:
WHEREAS, the Borrowers intend to consummate those certain
asset dispositions as described on Schedule I attached hereto (the "Asset
Dispositions");
WHEREAS, the Borrowers have requested that the Banks agree to
(i) amend the Credit Agreement to permit the Asset Dispositions and provide
certain amendments to the Credit Agreement in connection with the Asset
Dispositions and (ii) amend the requirements of the Credit Agreement with
respect to the security interest to be granted in the Refinery located in Alaska
on terms and conditions as set forth herein (the "Alaska Security Interest")
WHEREAS, the Banks are willing to grant the requests of the
Borrowers and agree to provide certain amendments to the Credit Agreement as
hereinafter set forth;
NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, and subject to the
terms and conditions hereof, the parties hereto agree as follows:
SECTION 1. Amendment of Credit Agreement. Subject to the
occurrence of the Effective Date, the Credit Agreement is amended as follows:
(i) Section 1.01 of the Credit Agreement is hereby
amended by inserting the following definition in proper alphabetical
order:
2
'''Amendment Asset Disposition' means those asset dispositions
described in items 19 through 26 in Schedule VII hereto."
(ii) Section 2.04(c) of the Credit Agreement IS hereby
amended by:
(a) inserting the words "any Amendment Asset
Disposition," after the words in the parenthetical of clause (iii) thereof
"(other than the Refineries in Alaska and Memphis and the assets related
thereto,"; and
(b) deleting the word "of' at the beginning of clause
(iv) thereof, inserting the word "of' at the end of clause (iv) thereof and by
adding to the end thereof a new clause (v):
"(v) any Amendment Asset Disposition";
(iii) Section 2.04(c)(B) of the Credit Agreement is hereby
amended by deleting the word "and" at the end of clause (3) thereof, inserting
the word "and" at the end of clause (4) thereof and by adding to the end thereof
a new clause (5):
"(5) 70% of any Net Cash Proceeds arising from an asset
disposition referred to in clause (v) above shall be held in
the Collateral Account (as defined in the Collateral Trust
Agreement) by the Collateral Trustee as Collateral Account
Collateral (as defined in the Collateral Trust Agreement), and
the balance of the Net Cash Proceeds from such Asset
Dispositions shall be retained by TWC or its Subsidiaries.
Notwithstanding anything in the Collateral Trust Agreement or
this Agreement to the contrary, TWC shall not be permitted to
deliver a Release Notice (as defined in the Collateral Trust
Agreement) with respect to the release of any Net Cash
Proceeds deposited into the Collateral Account pursuant to
this clause (B)(5) without obtaining the prior written consent
of all of the Banks.";
(iv) Section 5 .02(b)(i) of the Credit Agreement is
deleted in its entirety and replaced with the following new Section 5 .02(b)(i):
"(i) In the case of TWC, permit the ratio of (A) the aggregate
amount of Consolidated Debt of TWC and its Consolidated
Subsidiaries to (B) the sum of the Consolidated Net Worth of
TWC plus the aggregate amount of Consolidated Debt of TWC and
its Consolidated Subsidiaries to exceed at any time (x) on or
before December 30, 2002, 0.70 to 1.00, (y) after December 30,
2002 and on or before June 30, 2003, 0.68 to 1.00 and (z)
after June 30, 2003, 0.65 to 1.00.";
(v) Schedule VII of the Credit Agreement is amended by
inserting Schedule 1 hereto in proper numerical order after item 17 therein;
(vi) Schedule X of the Credit Agreement is deleted in its
entirety and replaced with Schedule X hereto; and
(vii) Section 5.01(e) of the Credit Agreement, is amended
with respect to the Refinery (and the assets related thereto) in Alaska to limit
the Borrowers' obligation to cause an Acceptable Security Interest to be granted
thereover to: (a) Liens already granted and (b) Liens covering the Alaska
3
refinery facility operated by Xxxxxxxx Alaska Petroleum, Inc. in North Pole,
Alaska including the land leased from The State of Alaska, Department of Natural
Resources, Division of Mining, Lands & Water, Northern Regional Office ('DNR")
pursuant to that certain lease agreement #ADL50824 between The State of Alaska,
Department of Natural Resources, Division of Lands (predecessor-in- interest to
the DNR) and the Energy Company of Alaska (predecessor- in-interest to Xxxxxxxx
Alaska Petroleum, Inc.), dated October 22, 1970, as amended by that certain
Amendment to Lease Agreement #ADL50824 by the DNR, dated December 1, 1998, and
as may otherwise be amended, modified or replaced. Except as is expressly noted
in the preceding sentence, the terms and conditions set out in Section 5.01(e)
of the Credit Agreement shall remain in full force and effect.
SECTION 2. Conditions to Effectiveness. The provisions of
Section 1 of this Agreement shall become effective as of the date first above
written (the "Effective Date") when, and only when, the Agent shall have
received confirmation of each of the following, each in form and substance
satisfactory to the Agent:
(i) Execution of Counterparts. The Agent shall have
received counterparts of this Agreement duly executed by each of the
Borrowers and the Banks party hereto. For the avoidance of doubt,
subject to the satisfaction of the other conditions in this Section 3,
receipt by the Agent of executed counterparts of this Agreement by (a)
the Majority Banks, for Section 1(iv), (vi) and (vii) of this Agreement
and the TGT Asset Disposition (as defined in Schedule 1 hereto) and (b)
all Banks for Section 1(i) through (iii) and (v) (except with regard to
the TGT Asset Disposition) shall be sufficient consent in accordance
with the provisions of Section 8.01 of the Credit Agreement.
(ii) Payment of Fees and Expenses. The Agent shall have
determined that an amendment fee of 0.125% of the Commitment of each
approving Majority Bank hereto that delivers a duly executed
counterpart of this Agreement by no later than 5:00 pm (New York time)
March 28, 2003, and all agency, trustee, custodial, filing service,
legal and other fees and disbursements incurred and invoiced through
the day immediately prior to the Effective Date, including all fees of
the Collateral Trustee and the Agent and their respective counsel,
shall have been paid in full by the Borrowers.
(iii) No Default. No Default shall have occurred and be
continuing, other than a Default that shall be cured by the
effectiveness hereof.
(iv) Payment of Advances. Solely with respect to the TGT Asset
Disposition (as defined on Schedule 1 hereto), the Agent shall have
received confirmation that all principal, interest and all other
outstanding amounts of any Advance to TUT shall have been repaid in
full.
SECTION 3. Confirmation of Representations and Warranties.
Each of the Borrowers hereby represents and warrants, on and as of the date
hereof, that the representations and warranties contained in the Credit
Agreement are correct and true in all material respects on and as of the date
hereof, before and after giving effect to this Agreement, as though made on and
as of the date hereof, other than any such representations or warranties that,
by their terms, refer to a specific date.
SECTION 4. Reference to and Effect on the Transaction
Documents. (a) On and after the effectiveness of this Agreement, each reference
in the Credit Agreement to "hereunder", "hereof' or words of like import
referring to the Credit Agreement, and each reference in the other transaction
4
documents to the "Credit Agreement", "thereunder", "thereof' or words of like
import referring to the Credit Agreement, shall mean and be a reference to the
Credit Agreement as modified by this Agreement.
(b) On and after the TGT Asset Disposition, (i) each reference
in any provision, schedule or exhibit ,in the Credit Agreement to "TGT"
and "Texas Gas Transmission Corporation" shall be removed therefrom,
(ii) any provision, schedule or exhibit in the Credit Agreement, to the
extent such provision, schedule or exhibit, applies or relates to "TGT"
or "Texas Gas Transmission Corporation", shall be of no applicability
or effect and (iii) the obligations of the Banks to make Advances to
TGT and the Banks' Commitments to TGT shall terminate.
(c) The execution, delivery and effectiveness of this
Agreement shall not, except as expressly provided herein, operate as a
waiver of any right, power or remedy of any Bank or the Agent under any
of the transaction documents, nor constitute a waiver of any provision
of any of the transaction documents.
SECTION 5. Execution in Counterparts. This Agreement may be
executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute but one and the same
agreement. Delivery of an executed counterpart of a signature page to this
Agreement by telecopier shall be effective as delivery of a manually executed
counterpart of this Agreement.
SECTION 6. Governing Law. This Agreement shall be governed by,
and construed in accordance with, the laws of the State of New York, and shall
be subject to the jurisdictional and service provisions of the Credit Agreement,
as if this were a part OF the Credit Agreement.
SECTION 7. Entire Agreement; Modification This Agreement
constitutes the entire agreement of the parties hereto with respect to the
subject matter hereof, there being no other agreements or understandings, oral,
written or otherwise, respecting such subject matter, any such agreement or
understanding being superseded hereby, shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns, and
may not be amended, extended or otherwise modified, except in a writing executed
in whole or in counterparts by each party hereto.
[Signatures follow.]
IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed by their respective officers thereunto duly authorized,
as of the date first above written.
CITICORP USA, INC., as Agent and as Bank
By: /s/ Xxxx X. Xxxxx
----------------------------------------
Name: Xxxx X. Xxxxx
Title: Vice President
XX XXXXXX XXXXX BANK,
As Co-Syndication Agent and as Bank
By: /s/ Xxxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President
COMMERZBANK AG,
As Co-Syndication Agent and as Bank
By: /s/ Xxxxx X Xxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Senior Vice President & Manager
By: /s/ Xxxxx X. Xxxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxxx
Title: Senior Vice President
CREDIT LYONNAIS NEW YORK BRANCH,
As Documentation Agent and as Bank
By: /s/ Xxxxxxx Xxxxxxxx
----------------------------------------
Name: Xxxxxxx Xxxxxxxx
Title: Senior Vice President
THE BANK OF NOVA SCOTIA, as Bank
By: /s/ M. D. Xxxxx
----------------------------------------
Name: M. D. Xxxxx
Title: Agent
BANK OF AMERICA, N.A., as Bank
By: /s/ Xxxxxx X. Xxx
----------------------------------------
Name: Xxxxxx X. Xxx
Title: Managing Director
BANK ONE, N.A. (Main Office - Chicago) as
Bank
By: /s/ Xxxxx Xxxxxxxx
----------------------------------------
Name: Xxxxx Xxxxxxxx
Title: Vice President
NATIONAL WESTMINSTER BANK PLC,
As Bank
By: /s/ Xxxxxxx Xxxxx
----------------------------------------
Name: Xxxxxxx Xxxxx
Title: Senior Vice President
ABN AMRO BANK, N.V., as Bank
By: /s/ Xxxxx Xxxx
----------------------------------------
Name: Xxxxx Xxxx
Title: Group Vice President
By: /s/ Xxxxx X. Xxxxx, Xx.
----------------------------------------
Name: Xxxxx X. Xxxxx, Xx.
Title: Group Vice President
BANK OF MONTREAL, as Bank
By: /s/ XxxxXxx Xxxxx
----------------------------------------
Name: XxxxXxx Xxxxx
Title: Director
THE BANK OF NEW YORK, as Bank
By: /s/ Xxxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Vice President
BARCLAYS BANK PLC, as Bank
By: /s/ Xxxxxxxx X. Xxxx
----------------------------------------
Name: Xxxxxxxx X. Xxxx
Title: Director
Loan Transaction Management
CIBC INC., as Bank
By: /s/ Xxxxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxxxx X. Xxxxxx
Title: Executive Director
CREDIT SUISSEE FIRST BOSTON, as Bank
By: /s/ Xxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Director
By: /s/ Xxx X. Halitt
----------------------------------------
Name: Xxx X. Halitt
Title: Associate
ROYAL BANK OF CANADA, as Bank
By: /s/ Xxxxx Xxxxxx
----------------------------------------
Name: Xxxxx Xxxxxx
Title: Senior Manager
THE BANK OF TOKYO MITSUBISHI, LTD.,
HOUSTON AGENCY, as Bank
By: /s/ X. Xxxxxxxxx
----------------------------------------
Name: X. Xxxxxxxxx
Title: VP & Manager
By: /s/ J. Fort
----------------------------------------
Name: J. Fort
Title: Vice President
FLEET NATIONAL BANK
(f/k/a BANK BOSTON, N.A.), as Bank
By: /s/ Xxxxxxx X. Xxxx
----------------------------------------
Name: Xxxxxxx X. Xxxx
Title: Authorized Officer
SOCIETE GENERALE, Southwest Agency, as
Bank
By: /s/ J. Xxxxxxx XxXxxxxx, Xx.
----------------------------------------
Name: J. Xxxxxxx XxXxxxxx, Xx.
Title: Managing Director
TORONTO DOMINION (TEXAS), INC., as
Bank
By: /s/ Xxxx Xxxx
----------------------------------------
Name: Xxxx Xxxx
Title: Vice President
UBS AG, STAMFORD BRANCH, as Bank
By: /s/ Xxxxx Xxxxx
----------------------------------------
Name: Xxxxx Xxxxx
Title: Recovery Management
By: /s/ Xxxxx X. Xxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxx
Title: Recovery Management
XXXXX FARGO BANK TEXAS, N.A.,
as Bank
By: /s/ J. Xxxx Xxxxxxxxx
----------------------------------------
Name: J. Xxxx Xxxxxxxxx
Title: Vice President
WESTLB AG, NEW YORK BRANCH,
as Bank
By: /s/ Xxxxxxxxx Xxxxxxxxxx
----------------------------------------
Name: Xxxxxxxxx Xxxxxxxxxx
Title: Managing Director
Credit Department
By: /s/ Xxxxxx X. Xxxxxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxxxxx
Title: Director
CREDIT AGRICOLE INDOSUEZ, as Bank
By: /s/ Xxxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Vice President
By: /s/ Xxxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Vice President
SUNTRUST BANK, as Bank
By: /s/ J. Xxxxx Xxxxxxx
----------------------------------------
Name: J. Xxxxx Xxxxxxx
Title: Vice President
ARAB BANKING CORPORATION (B.S.C.),
As Bank
By: /s/ Xxxxxx X. Xxxxxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxxxxx
Title: Deputy General Manager
By: /s/ Xxxxxxx X. Xxxxxxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxxxxxx
Title: VP Head of Credit
BANK OF CHINA NEW YORK BRANCH
March 20, 2003
CONFIDENTIAL
Via Telecopier (000) 000-0000
Citicorp USA, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: The Xxxxxxxx Companies, Inc. Account Officer
Re: Amendment, dated as of March 28, 2003 (the "Amendment"), under the
First Amended and Restated Credit Agreement, dated as of October
31, 2002, as modified by the Consent and Waiver dated as of
January 22, 2003 (as so modified, the "Credit Agreement"), among
The Xxxxxxxx Companies, Inc., Northwest Pipeline Corporation,
Transcontinental Gas Pipe Line Corporation, and Texas Gas
Transmission Corporation, as Borrowers, the Banks named therein,
JPMorgan Chase Bank, and Commerzbank AG, as Co-Syndication Agents,
Credit Lyonnais New York Branch, as Documentation Agent, and
Citicorp USA, Inc., as Agent
Ladies and Gentlemen:
We have notified you that, first, we do not believe we have an
obligation to make Advances under the Credit Agreement and, second, the
Amendment cannot be adopted without our consent. Since, at this time, we
continue to believe that we have no obligation to fund Advances under the Credit
Agreement given the material adverse changes at The Xxxxxxxx Companies, Inc.
and, moreover, since we do not consent to the Credit Agreement, we will not
execute and deliver the proposed Amendment as presented to us at this time.
Nonetheless, we are aware of the Borrowers' and our position as
to the need to obtain the releases and to amend the Credit Agreement to permit
the transactions contemplated by the Amendment. Therefore, reserving our rights
and positions set our prior notices to the Agent, we hereby agree and consent to
those pc Amendment that would not otherwise become effective unless our
agreement received.
Very truly yours,
BANK OF CHINA
By: /s/ Xxxxxxx Xxxxxx Xxxxx
----------------------------------------
Name: Xxxxxxx Xxxxxx Xxxxx
Title: Chief Loan Officer
cc: BY MAIL AND TELECOPIER (7I3-654-2849)
Citicorp North America, Inc.
0000 Xxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx Xxxxx 00000
Attention: The Xxxxxxxx Companies, Inc., Account Officer
BANK OF OKLAHOMA, N.A., as Bank
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Senior Vice President
BNP PARIBAS, HOUSTON AGENCY, as Bank
By: /s/ Xxxxx Xxxxxxxx
----------------------------------------
Name: Xxxxx Xxxxxxxx
Title: Director
By: /s/ Xxxx X. Xxx
----------------------------------------
Name: Xxxx X. Xxx
Title: Director
DZ BANK AG DEUTSCHE ZENTRAL-
GENOSSENSCHAFTSBANK, NEW YORK
BRANCH, as Bank
By: /s/ Xxxxxxx X. Xxxx
----------------------------------------
Name: Xxxxxxx X. Xxxx
Title: Vice President
By: /s/ Xxxxx X. X'Xxxxxx
----------------------------------------
Name: Xxxxx X. X'Xxxxxx
Title: Vice President
KBC BANK N.V., as Bank
By: /s/ Xxxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Vice President
By: /s/ Xxxx Xxxxxx
----------------------------------------
Name: Xxxx Xxxxxx
Title: Vice President
MIZUHO CORPORATION BANK, LIMITED, NEW
YORK BRANCH, as Bank
By: /s/ Xxxx Xxxxxxx
----------------------------------------
Name: Xxxx Xxxxxxx
Title: SVP & Department Head
WACHOVIA BANK, NATIONAL
ASSOCIATION, as Bank
By: /s/ Xxxxx X. Xxxxxxxxx
----------------------------------------
Name: Xxxxx X. Xxxxxxxxx
Title: Vice President
COMMERCE BANK, N.A., as Bank
By: /s/ Xxxxxx XxXxxxxx
----------------------------------------
Name: Xxxxxx XxXxxxxx
Title: Senior Vice President
March 28, 2003
CONFIDENTIAL
Via Telecopier (000) 000-0000
Citicorp USA, Inc.
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: The Xxxxxxxx Companies, Inc. Account Officer
Re: Amendment, dated as of March 28, 2003 (the "Amendment"), under the
First Amended and Restated Credit Agreement dated October 31, 2002, as
modified by the Consent and Waiver dated as of January 22, 2003, among
The Xxxxxxxx Companies, Inc., Northwest Pipeline Corporation,
Transcontinental Gas Pipe Line Corporation, and Texas Gas Transmission
Corporation, as Borrowers, the Banks named therein, JPMorgan Chase
Bank, and Commerzbank AG, as Co-Syndication Agents, Credit Lyonnais New
York Branch, as Documentation Agent, and Citicorp USA, Inc., as Agent
(the "Credit Agreement")
Ladies and Gentlemen:
We have notified you that, first, we do not believe we have an
obligation at this time to make Advances to The Xxxxxxxx Companies, Inc. under
the predecessor to the Credit Agreement given the material adverse changes at
The Xxxxxxxx Companies, Inc. and, second, we did not execute and deliver the
Credit Agreement Nonetheless, we are aware of the Borrowers' and your position
as to the need to obtain the releases described in the Amendment in order (i) to
amend the Credit Agreement to permit the asset dispositions as contemplated by
the Amendment; and (ii) to amend the Credit Agreement to permit the other
modifications contemplated by the Amendment. Therefore, reserving our rights and
positions set forth in our prior notices to the Agent, we hereby consent to
those provisions of the Amendment that would not otherwise become effective
unless our consent is received.
Very truly yours,
RZB FINANCE, LLC
By: /s/ Xxxx X. Xxxxxxx
----------------------------------------
Name: Xxxx X. Xxxxxxx
Title: Group Vice President
By: /s/ Xxxxxxxxx Xxxxx
----------------------------------------
Name: Xxxxxxxxx Xxxxx
Title: Assistant Vice President
Cc: BY MAIL AND TELECOPIER (713-654-2849)
Citicorp North America, Inc.
0000 Xxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Attention: The Xxxxxxxx Companies, Inc., Account Officer
SUMITOMO MITSUI BANKING
CORPORATION, as Bank
By: /s/ Xxx X. Xxxxxxxxx
----------------------------------------
Name: Xxx X. Xxxxxxxxx
Title: Senior Vice President
Acknowledged and Agreed:
THE XXXXXXXX COMPANIES, INC.
By: /s/ Xxxxx X. Xxxx
--------------------------------
Name: Xxxxx X. Xxxx
Title:
TEXAS GAS TRANSMISSION CORPORATION
By: /s/ Xxxxx X. Xxxx
--------------------------------------------------
Name: Xxxxx X. Xxxx
Title:
TRANSCONTINENTAL GAS PIPE LINE CORPORATION
By: /s/ Xxxxx X. Xxxx
--------------------------------------------------
Name: Xxxxx X. Xxxx
Title:
NORTHWEST PIEPLIE CORPORATION
By: /s/ Xxxxx X. Xxxx
--------------------------------------------------
Name: Xxxxx X. Xxxx
Title:
SCHEDULE I
ASSET DISPOSITIONS
18. Texas Gas Transmission Corporation
- Equity Interests and assets of Texas Gas Transmission Corporation
(the "TGT Asset Disposition')
19. MLP (Collateral)
- Equity Interests and assets of Xxxxxxxx XX LLC, WEG GP, LLC and the MLP
including, notwithstanding item 16 of Schedule VII, the Class B Units
in the MLP
20. Liquid Pipelines (Collateral)
- Equity Interests and assets of Rio Grande Pipeline Company
- Equity Interests and assets of West Texas LPG Pipeline Limited
Partnership
- Equity Interests and assets of Tn-States NGL Pipeline, L.L.C.
- Equity Interests and assets of WJLPRISE Pipeline Company, L.L.C.
21. North High Island Package (Collateral)
Black Marlin Pipeline System
- Equity Interests and assets of Black Marlin Pipeline Company
- High Island X-0 Xxxxxxxxx Xxxxxxx
Xxxxx Xxxx Xxxxxx
- Xxxx Xxxxxx 199 Gathering Lateral
- High Island 169 to 109 Gathering Lateral and the platform at High
Island 157
- HI-BOL Pipeline extending approximately from HI-Block A-22 to HI-Block
98
- West Cameron 61 Gathering Lateral
Xxxxxxx Xxxxxxx and Station 44
- Xxxxxxx Xxxxxxx and Xxxxxxx Bayou Gas Processing Plants and Separation
and Dehydration Facilities at Station 44
22. All rights and related interests owned by TWC or any Subsidiary of TWC in
the Xxxxxxxxxx Gas Processing Plant (Collateral)
23. All of the assets of and related interests owned by TWC or any Subsidiary
of TWC in the Sulphur Mines Storage Facilities in Calcasieu Parish,
Louisiana, including, without limitation, contracts related to these assets
between Xxxxxxxx Midstream Natural Gas Liquids, Inc. and various third
parties (Collateral)
24. All rights to and related interests owned by TWC or any Subsidiary of TWC,
in the contracts related to the Geismar, Louisiana olefins facility and
pipelines, including, without limitation, contracts
related to these assets between EMT, Xxxxxxxx Midstream Natural Gas Liquids,
Inc. and Xxxxxxxx Midstream Marketing & Risk Management, respectively and
individually, and various third parties, and all rights to and related
interests owned by TWC or any Subsidiary of TWC in the contracts related to
olefins storage in Mont Belvieu, Texas, including, without limitation,
contracts related to these assets between EMT and various third parties
(Collateral)
25. All of the assets of Wiljet, L.L.C. and all of the Equity Interests of
Wiljet, L.L.C. owned by TWC or any Subsidiary of TWC, and all of TWC's an!
Subsidiaries' of TWC interest in and assets related to the 00 Xxxxx
x Xxxxxx, Xxxxxxx, Xxxxxxx 00000 terminal located in Phoenix and
commonly known as the "57th Avenue Terminal" currently leased to Wiljet,
L.L.C. (Collateral)
26. All assets related to TWC's or its Subsidiaries' domestic crude oil
gathering, blending and marketing business (the "Gathering and Marketing
Business"), including, without limitation, all rights to and related
interests owned by TWC or a Subsidiary in the Terrebonne (a.k.a. Bayou
Black) Pipeline and all contracts related to the Gathering and Marketing
Business (Collateral)
Schedule X
COMMITMENTS
TWC NWP TGPL TGT
Banks Commitment Commitment Commitment Commitment
--------------- --------------- --------------- ---------------
Mizuho Corporate Bank, Ltd. $ 35,500,000.00 $ 35,500,000.00 $ 35,500,000.00 $ 17,750,000.00
The Bank of Nova Scotia 17,083,333.33 17,083,333.33 17,083,333.33 8,541,666.67
Bank of America, NA. 17,083,333.33 17,083,333.33 17,083,333.33 8,541,666.67
Bank One, N.A. 17,083,333.33 17,083,333.33 17,083,333.33 8,541,666.67
JPMorgan Chase Bank (f/k/a The
Chase Manhattan) 17,083,333.33 17,083,333.33 17,083,333.33 8,541,666.67
Citicorp USA, Inc. 17,083,333.33 17,083,333.33 17,083,333.33 8,541,666.67
Commerzbank AG 17,083,333.33 17,083,333.33 17,083,333.33 8,541,666.67
Credit Lyonnais New York Branch 17,083,333.33 17,083,333.33 17,083,333.33 8,541,666.67
National Westminster Bank PLC 17,083,333.33 17,083,333.33 17,083,333.33 8,541,666.67
ABN Amro Bank N.Y. 14,000,000.00 14,000,000.00 14,000,000.00 7,000,000.00
Bank of Montreal 14,000,000.00 14,000,000.00 14,000,000.00 7,000,000.00
The Bank of New York 14,000,000.00 14,000,000.00 14,000,000.00 7,000,000.00
Barclays Bank PLC 14,000,000.00 14,000,000.00 14,000,000.00 7,000,000.00
CIBC Inc. 14,000,000.00 14,000,000.00 14,000,000.00 7,000,000.00
Credit Suisse First Boston 14,000,000.00 14,000,000.00 14,000,000.00 7,000,000.00
Royal Bank of Canada 14,000,000.00 14,000,000.00 14,000,000.00 7,000,000.00
The Bank of Xxxxx.Xxxxxxxxxx, Ltd. 11,833,333.33 11,833,333.33 11,833,333.33 5,916,666.67
Fleet National Bank 11,833,333.33 11,833,333.33 11,833,333.33 5,916,666.67
Societe Generale 11,833,333.33 11,833,333.33 11,833,333.33 5,916,666.67
Toronto Dominion (Texas) Inc. 11,833,333.33 11,833,333.33 11,833,333.33 5,916,666.67
UBS AG, Stamford Branch 11,833,333.33 11,833,333.33 11,833,333.33 5,916,666.67
xxxxx Fargo Bank Texas, N.A. 11,833,333.33 11,833,333.33 11,833,333.33 5,916,666.67
WestLB AG, New York Branch 11,833,333.33 11,833,333.33 11,833,333.33 5,916,666.67
Credit Agricole Indosuez 6,583,333.34 6,583,333.34 6,583,333.34 3,291,666.64
Wachovia Bank, National Association 4,285,714.42 4,285,714.42 4,285,714.42 2,142,857.20
Arab Banking Corporation (B.S.C.) 4,125,000.00 4,125,000.00 4,125,000.00 2,062,500.00
Bank of China 4,125,000.00 4,125,000.00 4,125,000.00 2,062,500.00
Bank of Oklahoma, NA. 4,125,000.00 4,125,000.00 4,125,000.00 2,062,500.00
BNP Paribas 4,125,000.00 4,125,000.00 4,125,000.00 2,062,500.00
DZ Bank AG 4,125,000.00 4,125,000.00 4,125,000.00 2,062,500.00
KBC Bank NV. 4,125,000.00 4,125,000.00 4,125,000.00 2,062,500.00
Sumitomo Mitsui Banking
Corporation 4,125,000.00 4,125,000.00 4,125,000.00 2,062,500.00
RZB Finance, LLC 2,479,166.68 2,479,166.68 2,479,166.68 1,239,583.33
Commerce Bank, NA. 2,479,166.68 2,479,166.68 2,479,166.68 1,239,583.33
Suntrust Bank 2,297,618.93 2,297,618.93 2,297,618.93 1,148,809.45
TOTAL $400,000,000.00 $400,000,000.00 $400,000,000.00 $200,000,000.00
