Administrative Services Agreement

Waiver of Provisions of the Conflicts Policies and Procedures of the Third Amended and Restated Administrative Services Agreement

Exhibit 10.56

 

WAIVER OF PROVISIONS OF THE

CONFLICTS POLICIES AND PROCEDURES OF THE
THIRD AMENDED AND RESTATED
ADMINISTRATIVE SERVICES AGREEMENT

 

Effective as of February 13, 2006, each of the undersigned hereby waive the provisions of the Conflicts Policies and Procedures to the Third Amended and Restated Administrative Services Agreement dated August 15, 2005, to the extent that they prohibit or restrict (i) a majority of the members of the boards of directors any of Texas Eastern Products Pipeline Company, LLC, EPE Holdings, LLC and Enterprise Products GP, LLC (the “Affected Entities”) being non-independent directors or (ii) any person from serving as a director of more than one of the boards of directors of the Affected Entities, with respect to the election, whether prior to, on or after the date hereof, as a director of, and/or a member (including a chairman) of a committee of the boards of directors of, more than one of the Affected Entities, of Richard S. Snell, Dan L. Duncan, Robert G. Phillips, Michael A. Creel, W. Randall Fowler and/or Richard H. Bachmann.

 



 

IN WITNESS WHEREOF, the undersigned have caused this waiver to be duly executed by their respective authorized officers as of February 24, 2006, to be effective as of February 13, 2006.

 

 

EPCO, INC. (formerly known as Enterprise
Products Company, a Texas corporation)

 

 

 

 

 

By:

/s/ RICHARD H. BACHMANN

 

 

 

Richard H. Bachmann

 

 

Executive Vice President and

 

 

Chief Legal Officer

 

 

 

 

 

ENTERPRISE GP HOLDINGS L.P.

 

 

 

EPE HOLDINGS, LLC,

 

Individually and as Sole General Partner of

 

Enterprise GP Holdings L.P.

 

 

 

 

 

By:

/s/ W. RANDALL FOWLER

 

 

 

W. Randall Fowler

 

 

Senior Vice President and

 

 

Chief Financial Officer

 

 

 

 

 

ENTERPRISE PRODUCTS PARTNERS L.P.

 

 

 

ENTERPRISE PRODUCTS OPERATING L.P.

 

 

 

ENTERPRISE PRODUCTS GP, LLC,

 

Individually and as Sole General Partner of

 

Enterprise Products Partners L.P., and

 

 

 

ENTERPRISE PRODUCTS OLPGP, INC.,

 

Individually and as Sole General Partner of

 

Enterprise Products Operating L.P.

 

 

 

 

 

By:

/s/ W. RANDALL FOWLER

 

 

 

W. Randall Fowler

 

 

Senior Vice President and Treasurer

 

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TEPPCO PARTNERS, L.P.

 

 

 

TEXAS EASTERN PRODUCTS PIPELINE
COMPANY, LLC
,

 

Individually and as Sole General Partner of
TEPPCO Partners, L.P.

 

 

 

 

 

By:

/s/ WILLIAM G. MANIAS

 

 

 

William G. Manias

 

 

Vice President and Chief Financial Officer

 

 

 

 

 

TE PRODUCTS PIPELINE COMPANY,
LIMITED PARTNERSHIP

 

 

 

TEPPCO MIDSTREAM COMPANIES, L.P.

 

 

 

TCTM, L.P.

 

 

 

TEPPCO GP, Inc.,

 

Individually and as Sole General Partner of
TE Products Pipeline Company, Limited
Partnership, TEPPCO Midstream Companies, L.P.
and TCTM, L.P.

 

 

 

 

 

By:

/s/ WILLIAM G. MANIAS

 

 

 

William G. Manias

 

 

Vice President and Chief Financial Officer

 

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