Contract
Exhibit 10.21
EXECUTION VERSION
AMENDMENT NO. 3 dated as of July 9, 2015 (this “Amendment”), to the Revolving Credit Agreement, dated as of March 6, 2015 (as amended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”), among XXXX MIDSTREAM PARTNERS LP, a Delaware limited partnership, the LENDERS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as administrative agent.
Pursuant to the Credit Agreement, the Lenders have agreed to extend credit to the Borrower on the terms and subject to the conditions set forth therein.
Amendment No. 1, dated as of April 14, 2015 (the “First Amendment”), to the Credit Agreement extended, from April 30, 2015 to July 29, 2015, the date by which the conditions of Section 4.02 must be satisfied in order for the obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit to become effective.
Pursuant to Amendment No. 2, dated as of June 30, 2015, to the Credit Agreement, certain Lenders (the “Second Amendment Consenting Lenders”) agreed to amend the “Change of Control” definition set forth in the Credit Agreement and to certain related amendments.
The Borrower has requested an amendment to the Credit Agreement to further extend the date by which the conditions of Section 4.02 must be satisfied in order for the obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit to become effective.
Each of the Lenders and the Issuing Banks is willing to agree to such amendment on the terms and subject to the conditions set forth herein.
X.X. Xxxxxx Securities LLC has been appointed to act as sole bookrunner and sole lead arranger for this Amendment (in such capacity, the “Amendment Arranger”).
Each capitalized term used and not otherwise defined herein shall have the meaning assigned to such term in the Credit Agreement.
Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows:
SECTION 1. Amendment. The final paragraph of Section 4.02 of the Credit Agreement is hereby amended to replace the date “July 29, 2015” with the date “October 30, 2015”.
SECTION 2. Ticking Fees. The Ticking Fees (as defined in the First Amendment) that shall have accrued pursuant to the First Amendment from May 1, 2015 through the earliest of (a) the Availability Date, (b) the date of termination of the Commitments and (c) July 29, 2015 shall be due and payable in arrears on the earliest of (i) the Availability
Date, (ii) the date of termination of the Commitments and (iii) July 29, 2015. In the event that (A) the Availability Date shall not have occurred and (B) Commitments shall not have been terminated, in each case, on or prior to July 29, 2015, then the Ticking Fees shall continue to accrue from July 29, 2015 until the earlier of (1) the Availability Date and (2) the date of termination of the Commitments, and shall be due and payable in arrears on such earlier date. All Ticking Fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
SECTION 3. Effectiveness. This Amendment shall become effective as of the first date on which:
(a) The Administrative Agent shall have executed this Amendment and shall have received from the Borrower and each of the Lenders and the Issuing Banks either (i) a counterpart of this Amendment signed on behalf of such party or (ii) evidence satisfactory to the Administrative Agent (which may include a facsimile or electronic transmission) that such party has signed a counterpart of this Amendment.
(b) The Borrower shall have paid to the Administrative Agent, for the account of each Lender that is also a Second Amendment Consenting Lender, the fees required to be paid on the Amendment Effective Date separately agreed with the Amendment Arranger in connection with this Amendment.
(c) The Administrative Agent and the Amendment Arranger shall have received, for their own accounts, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses (including fees, charges and disbursements of counsel) required to be reimbursed or paid by the Borrower under the Credit Agreement.
SECTION 4. Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Issuing Banks or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle the Borrower to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.
SECTION 5. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Amendment.
SECTION 6. Governing Law. This Amendment shall be construed in accordance with and governed by the law of the State of New York.
SECTION 7. Headings. Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written.
HESS MIDSTREAM PARTNERS LP, | ||||||
by | XXXX MIDSTREAM PARTNERS GP LLC, its General Partner | |||||
by | /s/ Xxxxxxxx X. Xxxxx | |||||
Name: | Xxxxxxxx X. Xxxxx | |||||
Title: | Chief Financial Officer |
JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent, an Issuing Bank and a Swingline Lender, | ||||||
by | /s/ Xxxxx Xxxxxx | |||||
Name: | Xxxxx Xxxxxx | |||||
Title: | Vice President |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: Bank of America, N.A. | ||||||
by | /s/ Xxxxx Xxxxxx | |||||
Name: | Xxxxx Xxxxxx | |||||
Title: | Director |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
CITIBANK, N.A. | ||||
/s/ Xxxxxxx Xxxxxxx | ||||
Name: | Xxxxxxx Xxxxxxx | |||
Title: | Vice President |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: Xxxxx Fargo Bank, NA | ||||||
by | /s/ Xxxxxxx X. Xxxxxxxx | |||||
Name: | Xxxxxxx X. Xxxxxxxx | |||||
Title: | Managing Director |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: Xxxxxxx Sachs Bank USA | ||||||
by | /s/ Xxxxxxxx Xxxxxxx | |||||
Name: | Xxxxxxxx Xxxxxxx | |||||
Title: | Authorized Signatory |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: Xxxxxx Xxxxxxx Bank, N.A. | ||||||
by | /s/ Xxxxxxx Xxxxxxx | |||||
Name: | Xxxxxxx Xxxxxxx | |||||
Title: | Authorized Signatory |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: THE BANK OF NOVA SCOTIA | ||||||
by | /s/ Xxxx Xxxxxxx | |||||
Name: | Xxxx Xxxxxxx | |||||
Title: | Director |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: The Bank of Tokyo-Mitsubishi UFJ, Ltd. | ||||||
by | /s/ Xxxxx Xxxxxx | |||||
Name: | Xxxxx Xxxxxx | |||||
Title: | Vice President |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
BNP Paribas: | ||||
by | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | Director | |||
by | /s/ Nicolas Anberree | |||
Name: | Nicolas Anberree | |||
Title: | Vice President |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
DNB Capital LLC,
as a Lender; | ||||||
by | /s/ Xxxx Xxxxx | |||||
Name: | Xxxx Xxxxx | |||||
Title: | First Vice President | |||||
by | /s/ Asulv Xxxxx | |||||
Name: | Asulv Xxxxx | |||||
Title: | First Vice President |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: HSBC BANK USA, NATIONAL ASSOCIATION | ||||||
by | /s/ Xxxxxxx X. Xxxxxxx | |||||
Name: | Xxxxxxx X. Xxxxxxx | |||||
Title: | Director |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: Sumitomo Mitsui Banking Corporation | ||||||
by | /s/ Xxxxx X. Xxxxxxxxx | |||||
Name: | Xxxxx X. Xxxxxxxxx | |||||
Title: | Managing Director |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH | ||||||
by | /s/ Xxxxxxxx Xxxxxx | |||||
Name: | Xxxxxxxx Xxxxxx | |||||
Title: | Managing Director | |||||
For any Lender requiring a second signature block: | ||||||
by | /s/ Xxxxxxxx Xxxxxxx | |||||
Name: | Xxxxxxxx Xxxxxxx | |||||
Title: | Director |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: Credit Agricole Corporate and Investment Bank | ||||||
by | /s/ Xxxxxxx Xxxxxx | |||||
Name: | Xxxxxxx Xxxxxx | |||||
Title: | Managing Director | |||||
For any Lender requiring a second signature block: | ||||||
by | /s/ Xxxxx Xxxxxxxxxx | |||||
Name: | Xxxxx Xxxxxxxxxx | |||||
Title: | Managing Director |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: ING CAPITAL LLC | ||||||
by | /s/ Xxxxxx XxXxxxx | |||||
Name: | Xxxxxx XxXxxxx | |||||
Title: | Managing Director | |||||
For any Lender requiring a second signature block: | ||||||
by | /s/ Xxxx Xxxxxxxx | |||||
Name: | Xxxx Xxxxxxxx | |||||
Title: | Director |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: Intesa Sanpaolo S.p.A. | ||||||
by | /s/ Xxxx Xxxxxx | |||||
Name: | Xxxx Xxxxxx | |||||
Title: | VP | |||||
For any Lender requiring a second signature block: | ||||||
by | /s/ Franco Di Mario | |||||
Name: | Franco Di Mario | |||||
Title: | FVP and Head of Credit |
SIGNATURE PAGE TO
AMENDMENT NO. 3 TO THE
REVOLVING CREDIT AGREEMENT OF
XXXX MIDSTREAM PARTNERS LP
Name of Institution: Mizuho Bank, Ltd. | ||||||
by | /s/ Xxxx Mo | |||||
Name: | Xxxx Mo | |||||
Title: | Authorized Signatory |