EXHIBIT 3.B.1
FOURTH AMENDMENT
TO THE
SECOND AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
OF
GULFTERRA ENERGY PARTNERS, L.P.
This Fourth Amendment (this "AMENDMENT") dated and effective July 23, 2003
(the "AMENDMENT DATE"), to the Second Amended and Restated Agreement of Limited
Partnership of GulfTerra Energy Partners, L.P., amended and restated effective
as of August 31, 2000 (as in effect on this Amendment Date, including any
exhibits thereto, the "PARTNERSHIP AGREEMENT"), is entered into by and among
GulfTerra Energy Company, L.L.C., a Delaware limited liability company, as the
General Partner, and the Limited Partners.
INTRODUCTION
A. The Partnership desires to continue in existence until the
termination of the Partnership in accordance with the provisions of Article XIV
of the Partnership Agreement.
B. As a result, it is necessary or desirable to amend the
Partnership Agreement.
AGREEMENT
In consideration of the covenants, conditions and agreements contained
herein, pursuant to Section 15.1 of the Partnership Agreement, the Partnership
Agreement is hereby amended as set forth herein.
1. CAPITALIZED TERMS. Any capitalized term that is not defined in this
Amendment shall have the meaning ascribed to that term by the Partnership
Agreement.
2. AMENDMENTS.
A. Section 1.5 of the Partnership Agreement is hereby deleted in its
entirety and replaced with the following:
"1.5 Term. The Partnership commenced upon the filing of the
Certificate of Limited Partnership in accordance with the Delaware
Act and shall continue in existence until the termination of the
Partnership in accordance with the provisions of Article XIV."
3. MISCELLANEOUS.
A. PRONOUNS AND PLURALS. Whenever the context may require, any
pronoun used in this Amendment shall include the corresponding masculine,
feminine or neuter forms, and the singular form of nouns, pronouns and verbs
shall include the plural and vice-versa.
B. BINDING EFFECT. This Amendment shall be binding upon and inure
to the benefit of the parties hereto and their heirs, executors,
administrators, successors, legal representatives and permitted assigns.
C. INTEGRATION. This Amendment constitutes the entire agreement
among the parties hereto pertaining to the subject matter hereof and
supersedes all prior agreements and understandings pertaining thereto.
D. COUNTERPARTS. This Amendment may be executed in counterparts, all
of which together shall constitute an agreement binding on all of the parties
hereto, notwithstanding that all such parties are not signatories to the
original or the same counterpart. Each party shall become bound by this
Amendment immediately upon affixing its signature hereto or, in the case of a
Person acquiring a Unit, upon executing and delivering a Transfer Application as
described in the Partnership Agreement, independently of the signature of any
other party.
E. APPLICABLE LAW. This Amendment shall be construed in accordance
with and governed by the laws of the State of Delaware, without regard to the
principles of conflicts of law.
F. INVALIDITY OF PROVISIONS. If any provision of this Amendment is
or becomes invalid, illegal or unenforceable in any respect the validity,
legality and enforceability of the remaining provisions contained herein
shall not be affected thereby.
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of
the Amendment Date.
GENERAL PARTNER
GULFTERRA ENERGY COMPANY, L.L.C.
By: /s/ D. Xxxx Xxxxxx
-------------------------------
D. Xxxx Xxxxxx
Senior Vice President and
Chief Operating Officer
LIMITED PARTNERS
All Limited Partners now and hereafter
admitted as limited partners of the
Partnership, pursuant to Powers of Attorney
now and hereafter executed in favor of, and
granted and delivered to, the General
Partner.
By: GULFTERRA ENERGY COMPANY, L.L.C.,
as attorney-in-fact for all Limited
Partners pursuant to Powers of Attorney
granted pursuant to Section 1.4 of the
Partnership Agreement.
By: /s/ D. Xxxx Xxxxxx
--------------------------------
D. Xxxx Xxxxxx
Senior Vice President and
Chief Operating Officer
[Signature Page]
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