SECOND AMENDMENT
Exhibit 10.1
Execution Copy
SECOND AMENDMENT
THIS SECOND AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is entered into as of the 29th day of June, 2006 by and among each
of the persons listed on the signature pages hereof as banks (the “Banks”), Crosstex
Energy, L.P., a Delaware limited partnership (the “Borrower”), and Bank of America, N.A.,
as administrative agent (the “Administrative Agent”).
ARTICLE I
BACKGROUND
A. The Banks, the Administrative Agent and the Borrower are parties to that certain Fourth
Amended and Restated Credit Agreement dated as of November 1, 2005, as amended by the First
Amendment dated as of February 24, 2006 (the “Credit Agreement”). Terms defined in the
Credit Agreement and not otherwise defined herein have the same respective meanings when used
herein.
B. Crosstex Energy Services, L.P., a Delaware limited partnership and Subsidiary of the
Borrower (“CESL”), intends to acquire all of the membership interests of Chief Midstream
Holdings LLC, a Texas limited liability company (“Holdings”), (the “Chief
Acquisition”) pursuant to the Membership Interest Purchase and Sale Agreement dated as of May
1, 2006 among the various parties listed therein as “sellers” (collectively, the “Seller”),
Holdings, Chief Resources LLC and CESL (the “Chief Purchase and Sale Agreement”), and all
other agreements, instruments or documents executed in connection therewith or otherwise related to
the Chief Acquisition (collectively, the “Chief Acquisition Documents”). Holdings, Chief
Midstream LLC, a Texas limited liability company, Eagle Mountain Gas Partners LLC, a Texas limited
liability company, and Eagle Mountain Pipeline Company, L.P., a Texas limited partnership, are
referred to herein as the “Chief Acquired Companies”).
C. The Borrower has requested, and the Banks have agreed, to (1) consent to the Chief
Acquisition, (2) increase the aggregate amount of the Commitments to $1,000,000,000 and (3) make
certain other amendments to the Credit Agreement.
ARTICLE II
AGREEMENT
NOW THEREFORE, in consideration of the covenants, conditions and agreements hereafter set
forth, and for other good and valuable consideration, the receipt and adequacy of which are all
hereby acknowledged, the Borrower and the Banks hereto covenant and agree as follows:
Section 2.01. Amendments. The Credit Agreement is hereby amended as follows:
(a) Schedule 1 to the Credit Agreement is hereby deleted in its entirety and Schedule 1
attached hereto is hereby substituted therefor.
(b) The definition of “Acquisition Adjustment Period” is hereby amended in its
entirety as follows:
“Acquisition Adjustment Period” means at any time after the Second
Amendment Effective Date, any period of three consecutive fiscal quarters
commencing on the first day of the fiscal quarter during which the Borrower or any
of its Subsidiaries consummates any Acquisition (other than the Chief Acquisition)
in which the purchase price therefor exceeds $50,000,000 (whether such purchase
price is paid in cash, by the assumption of Debt of the Person or assets so
acquired, or otherwise) and ending on the last day of the third fiscal quarter
following such date.
(c) The definition of “Applicable Margin” is hereby amended in its entirety as
follows:
“Applicable Margin” means, as of any date of determination, the
following percentages determined as a function of the Leverage Ratio for the
Borrower and its Subsidiaries on a Consolidated basis:
Eurodollar Rate | Reference Rate | Commitment | Letter of | |||||
Leverage Ratio | Advances | Advances | Fees | Credit Fees | ||||
³ 3.25 |
1.75% | 0.25% | 0.375% | 1.75% | ||||
³ 2.75 and
< 3.25 |
1.50% | 0.00% | 0.300% | 1.50% | ||||
³ 2.25 and
< 2.75 |
1.25% | 0.00% | 0.250% | 1.25% | ||||
< 2.25 |
1.00% | 0.00% | 0.200% | 1.00% |
The foregoing ratio shall be determined from the Financial Statements of the
Borrower and its Subsidiaries most recently delivered pursuant to Section 5.01(c)
or Section 5.01(d) and certified to by a Responsible Officer in accordance with
such Sections. Any change in the Applicable Margin shall be effective upon the
date of delivery of the financial statements pursuant to Section 5.01(c) or
Section 5.01(d), as the case may
be, and receipt by the Administrative Agent of the compliance certificate required
by such Sections. Notwithstanding the foregoing, if at any time during an
Acquisition Adjustment Period, the Leverage Ratio is greater than 4.25 to 1.00,
then the Applicable Margin shall be, with respect to Eurodollar Rate Advances,
2.00% and with respect to Reference Rate Advances, 0.50%.
(d) | The definition of “Closing Leverage Period” is hereby deleted. | ||
(e) | The definition of “Termination Date” is hereby amended in its entirety as follows: |
“Termination Date” means the earlier of (a) June 29, 2011, (b) the
acceleration of the maturity of the Advances and the termination of the Banks’
obligations to provide Advances pursuant to Article VII and (c) the termination of
all of the Commitments pursuant to Section 2.03.
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(f) The following new definitions are hereby added to Section 1.01 of the Credit Agreement in
appropriate alphabetical order:
“Chief Acquisition” means the acquisition of Chief Midstream Holdings
LLC, a Texas limited liability company, pursuant to the Chief Purchase and Sale
Agreement.
“Chief Acquisition Documents” means the Chief Purchase and Sale
Agreement and all other agreements, instruments or documents executed in
connection therewith or otherwise related to the Chief Acquisition.
“Chief Purchase and Sale Agreement” means the Membership Interest
Purchase and Sale Agreement dated as of May 1, 2006 among the various parties
listed therein as “sellers”, Chief Midstream Holdings LLC, Chief Resources LLC
and Crosstex Energy Services, L.P.
“Second Amendment” means the Second Amendment dated as of June 29,
2006 among the Borrower, the Banks and the Administrative Agent.
“Second Amendment Effective Date” means the date on which the Second
Amendment to this Agreement becomes effective.
(g) Section 5.01(d) of the Credit Agreement is hereby amended by replacing the “and” before
subsection (i)(B) thereof with “, “ and adding after “6.13 and 6.14” the following:
and (C) a representation and warranty that the Borrower is in compliance
with Section 5.14 to be included in the certificate described in subsection (A)
above
(h) Section 5.15(a) of the Credit Agreement is hereby amended in its entirety as follows:
(a) Within 90 days following the Second Amendment Effective Date, the
Borrower and the Guarantors shall execute such Mortgages and other Security
Documents as the Collateral Agent may reasonably require to perfect Liens on all
material pipeline, gas gathering and processing assets of the Borrower and the
Guarantors acquired in connection with the Chief Acquisition. In connection with
the execution and delivery of such Mortgages and other Security Documents, the
Borrower and the Guarantors shall deliver to the Collateral Agent such other
documents, certificates, opinions and agreements as the Collateral Agent may
reasonably request.
(i) Section 6.02(j) of the Credit Agreement is hereby amended in its entirety as follows:
(j) Debt under the Note Agreement in an aggregate principal amount not to
exceed $510,000,000; and
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(j) Section 6.14 of the Credit Agreement is hereby amended in its entirety as follows:
Section 6.14. Leverage Ratio. The Borrower shall not, as of the end
of any fiscal quarter, permit the Leverage Ratio for the Borrower and its
Subsidiaries on a Consolidated basis to be greater than (i) 5.25 to 1.00 for any
fiscal quarter ending during the period commencing on the Second Amendment
Effective Date and ending June 30, 2007, (ii) 4.75 to 1.00 for any fiscal quarter
ending during the period commencing on July 1, 2007 and ending on December 31,
2007 and (iii) 4.25 to 1.00 for any fiscal quarter ending thereafter; provided,
however, that during an Acquisition Adjustment Period, the Leverage Ratio shall
not be greater than 5.25 to 1.00.
(k) Section 6.17 of the Credit Agreement is hereby amended in its entirety as follows:
Section 6.17. Note Agreement. The Borrower may not make any optional
or scheduled payments or prepayments on account of principal (whether by
redemption, purchase, retirement, defeasance, set-off or otherwise) in respect of
the Private Notes prior to the Termination Date, other than scheduled principal
payments. The Borrower shall not amend, supplement or otherwise modify the terms
of the Note Agreement without the prior written consent of the Majority Banks,
which consent will not be unreasonably withheld, which has the effect of (a)
increasing the outstanding principal amount of the Note Obligations above
$510,000,000, (b) increasing the rate of interest except with respect to
imposing the default rate as provided for in the Note Agreement on the date hereof
or any fees charged on the Note Obligations or (c) any other provision of the Note
Agreement if such amendment, modification or supplement would be materially
adverse to the interests of the Banks without the prior written consent of the
Majority Banks.
Section 2.02. Consent and Waiver. The Banks hereby consent to the Chief Acquisition,
and waive any and all Defaults or Events of Default arising as a result of, or which may have
heretofore arisen under the Credit Agreement or any of the Credit Documents resulting from, the
execution and/or delivery of any agreements relating to, or performance or consummation of any of
the transactions contemplated in connection with, the Chief Acquisition. This waiver is limited to
the extent described herein and shall not be construed to be a consent to or a waiver of any other
actions prohibited by the Credit Agreement or any other Credit Document. The Administrative Agent
and each of the Banks reserves the right to exercise any rights and remedies available to it in
connection with any future defaults with respect to the Credit Agreement or any other provision of
any Credit Document, including, without limitation, Sections 6.03 and 6.06 of the Credit Agreement.
Section 2.03. Conditions Precedent. This Amendment shall become effective as of the
date first set forth above when:
(a) the Administrative Agent (or the Collateral Agent, as appropriate) shall have received all
of the following, each dated the date hereof, in form and substance satisfactory to the
Administrative Agent and in the number of originals requested by the Administrative Agent:
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(i) this Amendment, duly executed by the Borrower, the Guarantors, the Banks and the
Administrative Agent;
(ii) a Note executed by the Borrower payable to the order of each Bank requesting a
Note in the amount of its Commitment;
(iii) an executed copy of an amendment to the Note Agreement in form and substance
satisfactory to the Administrative Agent, permitting the transactions contemplated hereby
and by the other Credit Documents (the “Amendment to Note Agreement”);
(iv) a certificate dated as of the Second Amendment Effective Date from a Responsible
Officer stating that after giving effect to the consent and waiver set forth in Section
2.02 hereof (A) all representations and warranties of the Borrower set forth in this
Agreement and each of the other Credit Documents to which it is a party are true and
correct in all material respects; (B) no Default has occurred and is continuing; and (C)
the conditions in this Section 2.03 have been met or waived;
(v) a certificate dated as of the Second Amendment Effective Date from the Chief
Financial Officer of the Borrower as to Solvency of the Borrower
and its Subsidiaries on a consolidated basis after giving effect to the Chief
Acquisition;
(vi) a certificate of the secretary or assistant secretary of the Ultimate General
Partner certifying as of the Second Amendment Effective Date to (A) the existence of the
Borrower and the General Partner, (B) the Borrower Partnership Agreement, (C) the General
Partner’s organizational documents, (D) the Ultimate General Partner’s organizational
documents, (E) the resolutions of the Ultimate General Partner approving the Chief
Acquisition, this Amendment and the other Credit Documents executed and delivered on or
before the date of such certificate, and (F) all documents evidencing other necessary
corporate, partnership or limited liability company action and governmental approvals, if
any, with respect to this Amendment and the other Credit Documents executed and delivered
on or before the date of such certificate;
(vii) certificates of good standing and existence for the Borrower, the General
Partner and the Ultimate General Partner from the applicable state in which the Borrower,
the General Partner and the Ultimate General Partner is organized;
(viii) a favorable opinion of Xxxxx Xxxxx L.L.P., outside Texas counsel to the
Borrower and the Guarantors;
(ix) copies of the Chief Purchase and Sale Agreement together with the exhibits and
schedules thereto certified by a Responsible Officer as being true and correct copies of
such documents as of the date hereof; and
(x) such other documents, governmental certificates, agreements and lien searches as
the Administrative Agent may reasonably request.
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(b) No Material Adverse Effect. Since December 31, 2005, there shall not have
occurred (i) any event, development, or circumstance that has caused or could reasonably be
expected to cause a material adverse effect on (x) the condition (financial or otherwise), results
of operation, assets, liabilities, management, prospects or value of the Borrower and its
Subsidiaries, taken as a whole, (y) the validity or enforceability of this Agreement or any of the
Credit Documents or (z) the rights and remedies of the Administrative Agent or the Banks under this
Agreement or any of the Credit Documents, (ii) any event, development, or circumstance that has
caused or could reasonably be expected to cause a material adverse condition or material adverse
change that calls into question in any material respect the Projections (as defined below) or any
of the material assumptions on which such Projections were prepared, or (iii) any change, effect,
event or occurrence with respect to the financial condition, properties, assets or operations of
the Chief Acquired Companies that is material and adverse to the Chief Acquired Companies, taken as
a whole, provided that in determining whether such a change, effect, event or occurrence has
occurred, the following shall not be considered: changes, effects, events and occurrences relating
to (A) the natural gas pipeline, treating and processing industry generally (including the price of
natural gas and the costs
associated with the drilling and/or production of natural gas), (B) any general market,
economic, financial or political conditions, or outbreak or hostilities or war, in the United
States, or (C) the transactions contemplated by the Chief Purchase and Sale Agreement; provided,
however, that to be excluded under subsection (B) above, such condition may not disproportionately
affect, as compared to others in such industry, any of the Chief Acquired Companies, or their
respective businesses, assets, properties, results of operation or condition (financial or
otherwise). Neither the Administrative Agent nor the Banks shall have become aware after April 28,
2006 of any information or other matter affecting the Borrower, the Chief Acquisition or the
transactions contemplated by this Agreement that is inconsistent in a material and adverse manner
with any such information or other matter disclosed in writing to the Banks prior to the date
hereof.
(c) No Default. No Default shall have occurred and be continuing or would result from
the making of the Borrowing in connection with the Chief Acquisition or application of the proceeds
therefrom.
(d) Representations and Warranties. The representations and warranties of the
Borrower and the Guarantors contained in Section 2.04 hereof and in each of the other Credit
Documents executed and delivered on or before the Second Amendment Effective Date and after giving
effect to the consent and waiver set forth in Section 2.02 hereof shall be true and correct in all
material respects on and as of the Second Amendment Effective Date both before and after giving
effect to the Borrowing in connection with the Chief Acquisition and to the application of the
proceeds from the Borrowing in connection with the Chief Acquisition, as though made on and as of
such date, other than any such representations or warranties that, by their terms refer to a
specific date.
(e) No Material Litigation. No action, suit, investigation or proceeding shall be
pending or, to the knowledge of the Borrower, threatened in any court or before any arbitrator or
governmental authority that (i) could reasonably be expected to have a Material Adverse Effect or
(ii) relates to the Chief Acquisition.
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(f) Payment of Fees and Expenses. The Borrower shall have paid the fees required by
the letter dated as of April 28, 2006 from Bank of America and the Lead Arranger to the Borrower
and all costs and expenses that have been invoiced and are payable pursuant to Section 9.04 of the
Credit Agreement.
(g) Financial Information. The Administrative Agent shall have received financial
projections of the Borrower and its Subsidiaries for the fiscal years 2006 through 2010 and
incorporating the Advances provided for herein and the Chief Acquisition (the
“Projections”).
(h) Note Agreement. All of the conditions precedent to the effectiveness of the
Amendment to Note Agreement shall have been met or waived on or prior to the Second Amendment
Effective Date.
(i) Due Diligence. The Administrative Agent shall have received such financial,
business and other information regarding the Chief Acquisition as the Administrative Agent shall
have reasonably requested, including, without limitation, information as to possible contingent
liabilities, tax matters, collective bargaining agreements and other arrangements with employees,
and the financial statements and Projections referred to in Section 2.03(k).
(j) Equity Issuance Proceeds. The Borrower shall have received Equity Issuance
Proceeds in immediately available funds in amount equal to at least $250,000,000.
(k) Chief Acquisition.
(i) The terms and conditions of the Chief Acquisition Documents shall be in form and substance
satisfactory to the Administrative Agent and the Banks (it being agreed that the Chief Acquisition
Documents that have been delivered to the Administrative Agent are satisfactory).
(ii) Except as otherwise disclosed in writing and acceptable to the Administrative Agent, the
Chief Acquisition Documents shall be in full force and effect and no material term or condition
thereof shall have been amended, modified or waived in writing after the execution thereof, unless
such amendment, modification or waiver could not reasonably be expected to be materially adverse to
the interests of the Borrower or the Banks.
(iii) The Chief Acquisition shall, substantially concurrently with the effectiveness of this
Amendment have been consummated by the Borrower, and all other conditions to the Chief Acquisition
as set forth in the Chief Acquisition Documents shall have been satisfied or waived in form and
substance satisfactory to the Administrative Agent, unless such waiver could not reasonably be
expected to be materially adverse to the interests of the Borrower or the Banks.
(l) Consents. The Borrower shall have received all necessary or, in the discretion of
the Arranger, advisable, third-party consents or agreements required for the consummation of the
Chief Acquisition.
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For purposes of determining compliance with the conditions specified in this Section 2.03,
each Bank that has signed this Amendment shall be deemed to have consented to, approved or accepted
or to be satisfied with, each document or other matter required thereunder to be consented to or
approved by or acceptable or satisfactory to a Bank unless the Administrative Agent shall have
received notice from such Bank prior to the proposed Second Amendment Effective Date specifying its
objection thereto.
Section 2.04. Representations and Warranties. The Borrower represents and warrants to
the Banks and the Administrative Agent as set forth below:
(a) The execution, delivery and performance by the Borrower of this Amendment are within the
Borrower’s legal powers, have been duly authorized by all
necessary partnership action and do not (i) contravene the Borrower Partnership Agreement,
(ii) violate any applicable Governmental Rule, the violation of which could reasonably be expected
to have a Material Adverse Effect, (iii) conflict with or result in the breach of, or constitute a
default under, any loan agreement, indenture, mortgage, deed of trust or lease, or any other
contract or instrument binding on or affecting the Borrower or any Subsidiary or any of their
respective properties, the conflict, breach or default of which could reasonably be expected to
have a Material Adverse Effect, or (iv) result in or require the creation or imposition of any Lien
upon or with respect to any of the properties of the Borrower, other than Liens permitted by the
Credit Agreement.
(b) No Governmental Action is required for the due execution, delivery or performance by the
Borrower of this Amendment.
(c) Assuming due execution and delivery by the Banks and the Administrative Agent, this
Amendment constitutes legal, valid and binding obligations of the Borrower, enforceable against the
Borrower in accordance with its terms, except as the enforceability thereof may be limited by
bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors’
rights generally or by general principles of equity (regardless of whether such enforceability is
considered in any proceeding in law or in equity).
(d) The execution, delivery and performance of this Amendment do not adversely affect the
enforceability of any Lien of the Security Documents.
(e) The quarterly and annual financial statements most recently delivered to the Banks
pursuant to Sections 5.01(c) and (d) of the Credit Agreement fairly present the Consolidated
financial condition of the Borrower and its Subsidiaries as of the respective dates thereof and the
Consolidated results of the operations of the Borrower and its Subsidiaries for the respective
fiscal periods ended on such dates, all in accordance with GAAP applied on a consistent basis
(subject to normal year-end audit adjustments and the absence of footnotes in the case of the
quarterly financial statements). Since December 31, 2005, no Material Adverse Effect has occurred.
The Borrower and its Subsidiaries have no material contingent liabilities except as disclosed in
such financial statements or the notes thereto.
(f) There is no pending or, to the knowledge of the Borrower, threatened action or proceeding
affecting the Borrower or any Subsidiary before any Governmental Person, referee or arbitrator that
could reasonably be expected to have a Material Adverse Effect.
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(g) After giving effect to the consent and waiver in Section 2.02 hereof, no event has
occurred and is continuing, or would result from the effectiveness of this Amendment, which
constitutes a Default.
Section 2.05. Reference to and Effect on the Credit Agreement.
(a) On and after the Second Amendment Effective Date each reference in the Credit Agreement to
“this Agreement,” “hereunder,” “hereof,” “herein” or words of like
import shall mean and be a reference to the Credit Agreement, and each reference in the other
Credit Documents to “the Credit Agreement,” “thereunder,” “thereof,” “therein” or words of like
import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as
amended by this Amendment.
(b) Except as specifically amended above, the Credit Agreement and the other Credit Documents
shall remain in full force and effect and are hereby ratified and confirmed. Without limiting the
generality of the foregoing, the Security Documents and all of the Collateral described therein do
and shall continue to secure the payment of all obligations stated to be secured thereby under the
Credit Documents.
(c) Except as expressly set forth herein, the execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent
or any Bank under any of the Credit Documents or constitute a waiver of any provision of any of the
Credit Documents.
Section 2.06. Execution in Counterparts. This Amendment may be executed in any number
of counterparts and by the parties hereto in separate counterparts, each which when so executed and
delivered shall be deemed to be an original and all of which when taken together shall constitute
but one and the same instrument. Delivery of an executed counterpart of a signature page to this
Amendment by telecopier shall be effective as delivery of an originally executed counterpart of
this Amendment.
Section 2.07. Governing Law; Binding Effect. This Amendment shall be governed by, and
construed and enforced in accordance with, the laws of the State of Texas, and shall be binding
upon the Borrower, the Administrative Agent, each Bank and their respective successors and assigns.
Section 2.08. Costs and Expenses. The Borrower agrees to pay on demand all costs and
expenses of the Administrative Agent in connection with the preparation, execution and delivery of
this Amendment and the other instruments and documents to be delivered hereunder, including the
reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect
thereto and with respect to advising the Administrative Agent as to its rights and responsibilities
hereunder and thereunder.
[Remainder of this page blank; signature page follows]
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Executed as of the 29th day of June, 2006.
CROSSTEX ENERGY, L.P. |
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By: | Crosstex Energy GP, L.P., General Partner |
By: | Crosstex Energy GP, LLC, General Partner |
By: | /s/ Xxxxx X. Xxxxxxx | |||
Xxxxx X. Xxxxxxx | ||||
Vice President - Finance | ||||
Each of the undersigned, as guarantors under the Second Amended and Restated Subsidiary Guaranty
dated as of November 1, 2005 (the “Guaranty”), hereby (a) consents to this Amendment, and
(b) confirms and agrees that the Guaranty is and shall continue to be in full force and effect and
is ratified and confirmed in all respects, except that, on and after the effective date of the
Amendment each reference in the Guaranty to “the Credit Agreement,” “thereunder,” “thereof,”
“therein” or any other expression of like import referring to the Credit Agreement shall mean and
be a reference to the Credit Agreement as modified by this Amendment.
CROSSTEX ENERGY SERVICES, L.P. |
By: | Crosstex Operating GP, LLC, its general partner |
By: | /s/ Xxxxx X. Xxxxxxx | |||
Xxxxx X. Xxxxxxx | ||||
Vice President - Finance |
CROSSTEX OPERATING GP, LLC CROSSTEX ENERGY SERVICES GP, LLC CROSSTEX LIG, LLC CROSSTEX TUSCALOOSA, LLC CROSSTEX LIG LIQUIDS, LLC CROSSTEX PIPELINE, LLC CROSSTEX PROCESSING SERVICES, LLC CROSSTEX PELICAN, LLC |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Xxxxx X. Xxxxxxx | ||||
Vice President - Finance |
CROSSTEX ACQUISITION MANAGEMENT, L.P. CROSSTEX MISSISSIPPI PIPELINE, L.P. CROSSTEX SEMINOLE GAS, L.P. CROSSTEX ALABAMA GATHERING SYSTEM, L.P. CROSSTEX MISSISSIPPI INDUSTRIAL GAS SALES, L.P. CROSSTEX GULF COAST TRANSMISSION LTD. CROSSTEX GULF COAST MARKETING LTD. CROSSTEX CCNG GATHERING LTD. CROSSTEX CCNG PROCESSING LTD. CROSSTEX CCNG TRANSMISSION LTD. CROSSTEX TREATING SERVICES, L.P. CROSSTEX NORTH TEXAS PIPELINE, L.P. CROSSTEX NORTH TEXAS GATHERING, L.P. CROSSTEX NGL MARKETING, L.P. CROSSTEX NGL PIPELINE, L.P. |
By: | Crosstex Energy Services GP, LLC, general partner of each above limited partnership |
By: | /s/ Xxxxx X. Xxxxxxx | |||
Xxxxx X. Xxxxxxx | ||||
Vice President - Finance |
CROSSTEX PIPELINE PARTNERS, LTD. |
By: | Crosstex Pipeline, LLC, its general partner |
By: | /s/ Xxxxx X. Xxxxxxx | |||
Xxxxx X. Xxxxxxx | ||||
Vice President - Finance |
SABINE PASS PLANT FACILITY JOINT VENTURE |
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By: | Crosstex Processing Services, LLC, as general partner, and |
By: | Crosstex Pelican, LLC, as general partner |
By: | /s/ Xxxxx X. Xxxxxxx | |||
Xxxxx X. Xxxxxxx | ||||
Vice President - Finance |
BANK OF AMERICA, N.A., as Administrative Agent and Collateral Agent |
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By: | /s/ Xxxxxxx X. Xxxxxxx | |||
Xxxxxxx X. Xxxxxxx | ||||
Assistant Vice President | ||||
BANK OF AMERICA, N.A., as a Bank and an Issuing Bank |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Xxxxxxx X. Xxxxxx | ||||
Vice President | ||||
UNION BANK OF CALIFORNIA, N.A. |
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By: | /s/ Xxxxxxxx Xxxx | |||
Name: | Xxxxxxxx Xxxx | |||
Title: | Vice President |
SUNTRUST BANK |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Vice President |
BMO CAPITAL MARKETS |
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By: | /s/ Xxxxx Xxxxxxx | |||
Name: | Xxxxx Xxxxxxx | |||
Title: | Vice President |
WACHOVIA BANK, NATIONAL ASSOCIATION |
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By: | /s/ Xxxxxx Xxxxxx | |||
Name: | Xxxxxx Xxxxxx | |||
Title: | Vice President |
BAYERISCHE HYPO-UND VEREINSBANK AG, NEW YORK BRANCH |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Director | |||
By: | /s/ Xxxxxx Xxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxx | |||
Title: | Associate Director |
BNP PARIBAS |
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By: | /s/ J. Onichuk | |||
Name: | X. Xxxxxxxx | |||
Title: | Director | |||
By: | /s/ Xxxxx Xxxxxxxx | |||
Name: | Xxxxx Xxxxxxxx | |||
Title: | Director | |||
CITIBANK, N.A. |
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By: | /s/ Xxxxx X. Xxxx | |||
Name: | Xxxxx X. Xxxx | |||
Title: | Attorney-in-fact | |||
BANK OF NOVA SCOTIA |
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By: | /s/ M. D. Xxxxx | |||
Name: | M. D. Xxxxx | |||
Title: | Agent | |||
SCOTIABANC INC. |
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By: | /s/ Xxxx Xxxx Xxxxx | |||
Name: | Xxxx Xxxx Xxxxx | |||
Title: | Director | |||
ROYAL BANK OF CANADA |
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By: | /s/ Xxx X. XxXxxxxxxxx | |||
Name: | Xxx X. XxXxxxxxxxx | |||
Title: | Authorized Signatory | |||
U.S. BANK NATIONAL ASSOCIATION |
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By: | /s/ Xxxxx X. Xxxxxxx | |||
Name: | Xxxxx X. Xxxxxxx | |||
Title: | Vice President | |||
FORTIS CAPITAL CORP. |
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By: | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | Managing Director | |||
By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | Senior Vice President | |||
GUARANTY BANK |
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By: | /s/ Xxx X. Xxxxxxxx | |||
Name: | Xxx X. Xxxxxxxx | |||
Title: | Senior Vice President | |||
JPMORGAN CHASE BANK N.A. |
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By: | /s/ Xxxx Xxxxxxxxx | |||
Name: | Xxxx Xxxxxxxxx | |||
Title: | Associate | |||
NATEXIS BANQUES POPULAIRES |
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By: | /s/ Xxxxx X. Xxxxxxx, III | |||
Name: | Xxxxx X. Xxxxxxx, III | |||
Title: | vice President / Manager | |||
By: | /s/ Xxxxxx Xxxxx | |||
Name: | Xxxxxx Xxxxx | |||
Title: | Vice President | |||
XXXXX FARGO BANK, N.A. |
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By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Vice President | |||
KEY BANK, N.A. |
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By: | /s/ Xxxxxx Xxxxx | |||
Name: | Xxxxxx Xxxxx | |||
Title: | Senior Vice President | |||
COMERICA BANK |
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By: | /s/ Xxxxx X. Xxxxxx | |||
Name: | Xxxxx X. Xxxxxx | |||
Title: | Vice President | |||
SUMITOMO MITSUI BANKING CORPORATION |
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By: | /s/ Xxxxx Xxxx | |||
Name: | Xxxxx Xxxx | |||
Title: | Senior Vice President | |||
SOCIÉTÉ GÉNÉRALE |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Director | |||
STERLING BANK |
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By: | /s/ Xxxx X. Xxxxxx | |||
Name: | Xxxx X. Xxxxxx | |||
Title: | Senior Vice President | |||
COMPASS BANK |
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By: | /s/ Xxxxxx X. Xxxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxxx | |||
Title: | Executive Vice President | |||
BANK OF SCOTLAND |
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By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Assistant Vice President | |||
MIZUHO CORPORATE BANK, LTD. |
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By: | /s/ Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxx Xxxxxxx | |||
Title: | Deputy General Manager | |||
NATIONAL CITY BANK |
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By: | /s/ Xxxxxxx Xxxxx | |||
Name: | Xxxxxxx Xxxxx | |||
Title: | Vice President | |||
SCHEDULE 1
COMMITMENTS
Bank | Commitment | |||
Bank of America, N.A. |
$ | 57,600,000 | ||
Union Bank of California, N.A. |
$ | 57,600,000 | ||
SunTrust Bank |
$ | 57,600,000 | ||
Wachovia Bank, National Association |
$ | 57,600,000 | ||
BMO Capital Markets |
$ | 57,600,000 | ||
Bayerische Hypo- und Vereinsbank AG, New York Branch |
$ | 45,000,000 | ||
Bank of Nova Scotia |
$ | 21,000,000 | ||
ScotiaBanc Inc. |
$ | 24,000,000 | ||
Royal Bank of Canada |
$ | 45,000,000 | ||
Citibank, N.A. |
$ | 45,000,000 | ||
Fortis Capital Corp. |
$ | 40,000,000 | ||
JPMorgan Chase Bank, N.A. |
$ | 40,000,000 | ||
BNP Paribas |
$ | 40,000,000 | ||
Sumitomo Mitsui Banking Corporation |
$ | 36,000,000 | ||
Xxxxx Fargo Bank, N.A. |
$ | 36,000,000 | ||
Key Bank, N.A. |
$ | 36,000,000 | ||
Bank of Scotland |
$ | 36,000,000 | ||
Mizuho Corporate Bank, Ltd. |
$ | 36,000,000 | ||
Guaranty Bank |
$ | 36,000,000 | ||
Natexis Banques Populaires |
$ | 36,000,000 | ||
U.S. Bank National Association |
$ | 30,000,000 | ||
Comerica Bank |
$ | 30,000,000 | ||
Société Générale |
$ | 30,000,000 | ||
Sterling Bank |
$ | 25,000,000 | ||
Compass Bank |
$ | 25,000,000 | ||
National City Bank |
$ | 20,000,000 | ||
$ | 1,000,000,000 |