Contract
Exhibit
3.7
FIRST
AMENDMENT
TO
THE
FIFTH
AMENDED AND RESTATED
OF
ENTERPRISE
PRODUCTS GP, LLC
This First Amendment dated November 6,
2008 to the Fifth Amended and Restated Limited Liability Company Agreement (this
“Amendment”) of Enterprise Products GP, LLC (“EPD GP”), dated November 7, 2007,
is executed by Enterprise GP Holdings L.P. (“EPE”). Capitalized terms
used but not defined in this Amendment shall have the meaning set forth in the
Limited Liability Company Agreement of EPD GP dated November 7, 2007 (the “LLC
Agreement”).
RECITALS
WHEREAS, EPE Holdings, LLC (the
“Company”) owns a 0.01% general partner interest in and is the sole general
partner of EPE;
WHEREAS, EPE is the sole member of EPD
GP;
WHEREAS, EPD GP owns a 2% general
partnership interest in Enterprise Products Partners L.P., a Delaware limited
partnership (“EPD LP”), and is the sole general partner of EPD LP;
WHEREAS, the Company, in its capacity
as general partner of EPE, has determined that it is advisable to amend the LLC
Agreement.
NOW, THEREFORE, in consideration of the
agreements and obligations set forth herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged and
intending to be legally bound, EPE hereby agrees as follows:
AGREEMENT
1. Section
6.06(i) of the LLC Agreement shall be deleted and restated in its entirety as
follows:
(i) No
amendment, modification or repeal of this Section 6.06 or any provision hereof
shall in any manner terminate, reduce or impair either the right of any past,
present or future Indemnitee to receive indemnification (including expense
advancement as provided by Section 6.06(b)) from the Company or the obligation
of the Company to indemnify, or advance the expenses of, any such Indemnitee
under and in accordance with the provisions of this Section 6.06 as in effect
immediately prior to such amendment, modification or repeal with respect to
claims arising from or relating to matters occurring, in whole or in part, prior
to such amendment, modification or repeal, regardless of when such claims may be
asserted, and provided such Person became an Indemnitee hereunder prior to such
amendment, modification or repeal.
2. Except
as otherwise expressly provided by this Amendment, all of the terms, conditions
and provisions of the LLC Agreement shall remain the same. This Amendment shall
be governed by and construed under the laws of the State of Delaware as applied
to agreements entered into solely between residents of, and to be performed
entirely within, such state.
[Signature Page
Follows]
IN WITNESS WHEREOF, the undersigned has
executed this Amendment to Limited Liability Company Agreement as of November 6,
2008.
ENTERPRISE
GP HOLDINGS L.P.
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(Sole
Member of Enterprise Products GP, LLC)
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By: EPE
Holdings, LLC, its general partner
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By:
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/s/
W. Xxxxxxx Xxxxxx
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Name:
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W.
Xxxxxxx Xxxxxx
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Title:
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Executive
Vice President and Chief Financial Officer
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