REGISTRATION RIGHTS AGREEMENT
Exhibit 4.3
Execution Version
Execution Version
Dated as of April 1, 2011
Among
CRESTWOOD MIDSTREAM FINANCE CORPORATION,
THE GUARANTORS LISTED ON SCHEDULE I HERETO
and
UBS SECURITIES LLC,
BNP PARIBAS SECURITIES CORP.,
RBC CAPITAL MARKETS, LLC,
and
RBS SECURITIES INC.
as the Initial Purchasers
7.75% Senior Notes due 2019
TABLE OF CONTENTS
1.
|
Definitions | 3 | ||||
2.
|
Exchange Offer | 7 | ||||
3.
|
Shelf Registration | 10 | ||||
4.
|
Special Interest | 12 | ||||
5.
|
Registration Procedures | 13 | ||||
6.
|
Registration Expenses | 20 | ||||
7.
|
Indemnification And Contribution | 21 | ||||
8.
|
Rule 144A | 25 | ||||
9.
|
Underwritten Registrations | 25 | ||||
10.
|
Miscellaneous | 25 |
This Registration Rights Agreement (this “Agreement”) is dated as of April 1, 2011, among
Crestwood Midstream Partners LP, a limited partnership organized under the laws of Delaware (the
“Company”), Crestwood Midstream Finance Corporation, a Delaware corporation (together with the
Company, the “Issuers”), the guarantors listed on Schedule I hereto (the “Guarantors”) and UBS
Securities LLC, BNP Paribas Securities Corp., RBC Capital Markets, LLC and RBS Securities Inc., as
the initial purchasers (the “Initial Purchasers”).
This Agreement is entered into in connection with the Purchase Agreement, dated as of March
25, 2011 (the “Purchase Agreement”), by and among the Issuers, the Guarantors and the Initial
Purchasers, which provides for, among other things, the sale by the Issuers to the Initial
Purchasers of $200,000,000 aggregate principal amount of the Issuers’ 7.75% Senior Notes due 2019
(the “Notes”). The Notes are issued under an indenture, dated as of the date hereof (as amended or
supplemented from time to time, the “Indenture”), among the Issuers, the Guarantors and The Bank of
New York Mellon Trust Company, N.A. as trustee (the “Trustee”). Pursuant to the Purchase Agreement
and the Indenture, the Guarantors are required to guarantee (collectively, the “Guarantees”) the
Issuers’ obligations under the Notes and the Indenture. References to the “Securities” shall mean,
collectively, the Notes and, when issued, the Guarantees. In order to induce the Initial Purchasers
to enter into the Purchase Agreement, the Issuers have agreed to provide the registration rights
set forth in this Agreement for the benefit of the Initial Purchasers and any subsequent holder or
holders of the Securities. The execution and delivery of this Agreement is a condition to the
Initial Purchasers’ obligations under the Purchase Agreement.
The parties hereby agree as follows:
1. DEFINITIONS
As used in this Agreement, the following terms shall have the following meanings:
Advice: See the last paragraph of Section 5 hereof.
Agreement: See the introductory paragraphs hereto.
Applicable Period: See Section 2(b) hereof.
Business Day: Shall have the meaning ascribed to such term in Rule 14d-1 under the
Exchange Act.
Company: See the introductory paragraphs hereto.
Effectiveness
Date: With respect to any Shelf Registration Statement, the 30th day
after the Filing Date with respect thereto; provided, however, that if the Effectiveness Date would
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otherwise fall on a day that is not a Business Day, then the Effectiveness Date shall be the
next succeeding Business Day.
Effectiveness Period: See Section 3(a) hereof.
Event Date: See Section 4(b) hereof.
Exchange Act: The Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC promulgated thereunder.
Exchange Date: See Section 2(a) hereof.
Exchange Notes: See Section 2(a) hereof.
Exchange Offer: See Section 2(a) hereof.
Exchange Offer Registration Statement: See Section 2(a) hereof.
Exchange Securities: See Section 2(a) hereof.
Filing Date: The 30th day after the delivery of a Shelf Notice as required pursuant to
Section 2(c) hereof but no earlier than the 451st day after the Issue Date; provided, however, that
if the Filing Date would otherwise fall on a day that is not a Business Day, then the Filing Date
shall be the next succeeding Business Day.
FINRA: See Section 5(r) hereof.
Freely
Tradable: With respect to a Security, a Security that at any time of
determination (i) may be sold to the public in accordance with Rule 144 by a person that is not an
“affiliate” (as defined in Rule 144 under the Securities Act) of the Issuers where no conditions of
Rule 144 are then applicable (other than the holding period requirement in paragraph (d) of Rule
144 so long as such holding period requirement is satisfied at such time of determination), (ii)
with respect to which the Issuers have enabled the applicable Holders that are not affiliates to
have any restrictive legends relating to the Securities Act removed and (iii) bears an unrestricted
CUSIP number.
Guarantees: See the introductory paragraphs hereto.
Guarantors: See the introductory paragraphs hereto.
Holder: Any holder of a Registrable Security or Registrable Securities.
Indenture: See the introductory paragraphs hereto.
Information: See Section 5(n) hereof.
Initial Purchasers: See the introductory paragraphs hereto.
Initial Shelf Registration: See Section 3(a) hereof.
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Inspectors: See Section 5(n) hereof.
Issue Date: April 1, 2011, the date of original issuance of the Notes.
Issuers: See the introductory paragraphs hereto.
New Guarantees: See Section 2(a) hereof.
Notes: See the introductory paragraphs hereto.
Participant: See Section 7(a) hereof.
Participating Broker-Dealer: See Section 2(b) hereof.
Person: An individual, trustee, corporation, partnership, limited liability company,
joint stock company, trust, unincorporated association, union, business association, firm or other
legal entity.
Private Exchange: See Section 2(b) hereof.
Private Exchange Notes: See Section 2(b) hereof.
Prospectus: The prospectus included in any Registration Statement (including, without
limitation, any prospectus subject to completion and a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in
reliance upon Rule 430A under the Securities Act and any term sheet filed pursuant to Rule 433
under the Securities Act), as amended or supplemented by any prospectus supplement, and all other
amendments and supplements to the Prospectus, including post-effective amendments, and all
materials incorporated by reference or deemed to be incorporated by reference in such Prospectus.
Purchase Agreement: See the introductory paragraphs hereto.
Records: See Section 5(n) hereof.
Registrable Securities: Each Security upon its original issuance and at all times
subsequent thereto, each Exchange Security as to which Section 2(c)(3)(B)(ii) hereof is applicable
upon original issuance and at all times subsequent thereto and each Private Exchange Note (and the
related Guarantees) upon original issuance thereof and at all times subsequent thereto, until, in
each case, the earliest to occur of (i) a Registration Statement (other than, with respect to any
Exchange Securities as to which Section 2(c)(3)(B)(ii) hereof is applicable, the Exchange Offer
Registration Statement) covering such Security, Exchange Security or Private Exchange Note (and the
related Guarantees) has been declared effective by the SEC and such Security, Exchange Security or
such Private Exchange Note (and the related Guarantees), as the case may be, has been disposed of
in accordance with such effective Registration Statement, (ii) such Security has been
exchanged pursuant to the Exchange Offer for an Exchange Security or Exchange Securities that may
be resold without restriction under state and federal securities laws, (iii) such Security,
Exchange Security or Private Exchange Note (and the related
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Guarantees), as the case may be, ceases to be outstanding for purposes of the Indenture or
(iv) the date on which such Security, Exchange Security or Private Exchange Note (and the related
Guarantees), as the case may be, is Freely Tradeable.
Registration Default: See Section 4(a) hereof.
Registration Statement: Any registration statement of the Issuers that covers any of
the Securities, the Exchange Securities or the Private Exchange Notes (and the related guarantees)
filed with the SEC under the Securities Act, including, in each case, the Prospectus, amendments
and supplements to such registration statement, including post-effective amendments, all exhibits,
and all material incorporated by reference or deemed to be incorporated by reference in such
registration statement.
Rule 144: Rule 144 (as amended or replaced) under the Securities Act.
Rule 144A: Rule 144A (as amended or replaced) under the Securities Act.
Rule 405: Rule 405 (as amended or replaced) under the Securities Act.
Rule 415: Rule 415 (as amended or replaced) under the Securities Act.
Rule 424: Rule 424 (as amended or replaced) under the Securities Act.
SEC: The U.S. Securities and Exchange Commission.
Securities: See the introductory paragraphs hereto.
Securities Act: The Securities Act of 1933, as amended, and the rules and regulations
of the SEC promulgated thereunder.
Shelf Notice: See Section 2(c) hereof.
Shelf Registration: See Section 3(b) hereof.
Shelf Registration Statement: Any Registration Statement relating to a Shelf
Registration.
Shelf Suspension Period: See Section 3(a) hereof.
Special Interest: See Section 4(a) hereof.
Subsequent Shelf Registration: See Section 3(b) hereof.
TIA: The Trust Indenture Act of 1939, as amended.
Trustee: The trustee under the Indenture and the trustee under any indenture (if
different) governing the Exchange Securities and Private Exchange Notes (and the related
Guarantees).
Underwritten registration or underwritten offering: A registration in which securities
of the Issuers are sold to an underwriter for reoffering to the public. Except as otherwise
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specifically provided, all references in this Agreement to acts, laws, statutes, rules,
regulations, releases, forms, no-action letters and other regulatory requirements (collectively,
the “Regulatory Requirements”) shall be deemed to refer also to any amendments thereto and all
subsequent Regulatory Requirements adopted as a replacement thereto having substantially the same
effect therewith; provided that Rule 144 shall not be deemed to amend or replace Rule 144A.
2. Exchange Offer
(a) Unless the Exchange Offer would violate applicable law or any applicable interpretation of
the staff of the SEC, or there are no Registrable Securities outstanding, the Issuers shall use
their commercially reasonable efforts to file with the SEC a Registration Statement (the “Exchange
Offer Registration Statement”) on an appropriate registration form with respect to a registered
offer (the “Exchange Offer”) to exchange any and all of the Registrable Securities for a like
aggregate principal amount of debt securities of the Issuers (the “Exchange Notes”), guaranteed, to
the extent applicable, on an senior basis by the Guarantors (the “New Guarantees” and, together
with the Exchange Notes, the “Exchange Securities”), that are identical in all material respects to
the Notes, as applicable, except that (i) the Exchange Notes shall contain no restrictive legend
thereon, (ii) interest thereon shall accrue from the last date on which interest was paid on such
Notes or, if no such interest has been paid, from the Issue Date and (iii) the Exchange Securities
shall be entitled to the benefits of an indenture or a trust indenture which is identical in all
material respects to the Indenture (other than such changes to the Indenture or any such identical
trust indenture as are necessary to comply with the TIA) and which, in either case, has been
qualified under the TIA. The Exchange Offer shall comply with all applicable tender offer rules and
regulations under the Exchange Act and other applicable laws. The Issuers shall use their
commercially reasonable efforts to (x) prepare and file with the SEC the Exchange Offer
Registration Statement with respect to the Exchange Offer; (y) keep the Exchange Offer open for at
least 20 Business Days (or longer if required by applicable law) after the date that notice of the
Exchange Offer is mailed to Holders; and (z) consummate the Exchange Offer not later than 400 days
following the Issue Date (or if such 400th day is not a Business Day, the next succeeding Business
Day) (the “Exchange Date”); provided, however, that the Issuers shall not be required to file,
commence or consummate such Exchange Offer if all of the Securities held by Holders eligible to
participate in such Exchange Offer are Freely Tradable on or before the Exchange Date.
Each Holder (including, without limitation, each Participating Broker-Dealer) that
participates in the Exchange Offer, as a condition to participation in the Exchange Offer, will be
required to represent to the Issuers in writing (which may be contained in the applicable letter of
transmittal) that: (i) any Exchange Securities acquired in exchange for Registrable Securities
tendered are being acquired in the ordinary course of business of the Person receiving such
Exchange Securities, whether or not such recipient is such Holder itself; (ii) at the time of the
commencement or consummation of the Exchange Offer neither such Holder nor, to the actual knowledge
of such Holder, any other Person receiving Exchange Securities from such Holder has an arrangement
or understanding with any Person to participate in the distribution (within the meaning of the
Securities Act) of the Exchange Securities in violation of the Securities Act; (iii) neither the
Holder nor, to the actual knowledge of such Holder, any other Person receiving Exchange Securities
from such Holder is or has been an “affiliate” (as defined in Rule 405) of the Issuers or, if it is
an affiliate of the Issuers, it will comply with the registration and prospectus
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delivery requirements of the Securities Act to the extent applicable and will provide
information to be included in the Shelf Registration Statement in accordance with Section 5 hereof
in order to have their Securities included in the Shelf Registration Statement and benefit from the
provisions regarding Special Interest in Section 4 hereof; (iv) if such Holder is not a
broker-dealer, neither such Holder nor, to the actual knowledge of such Holder, any other Person
receiving Exchange Securities from such Holder is engaging or intends to engage in a distribution
of the Exchange Securities; and (v) if such Holder is a Participating Broker-Dealer, such Holder
has acquired the Registrable Securities for its own account in exchange for Securities that were
acquired as a result of trading activities and that it will comply with the applicable provisions
of the Securities Act (including, but not limited to, the prospectus delivery requirements
thereunder).
Upon consummation of the Exchange Offer in accordance with this Section 2, the provisions of
this Agreement shall continue to apply, mutatis mutandis, solely with respect to Registrable
Securities that are Private Exchange Notes (and the related Guarantees), Exchange Securities as to
which Section 2(c)(3)(B)(ii) is applicable and Exchange Securities held by the Participating
Broker-Dealers, and the Issuers shall have no further obligation to register Registrable Securities
(other than Private Exchange Notes (and the related Guarantees) and Exchange Securities as to which
clause 2(c)(3)(B)(ii) hereof applies) pursuant to Section 3 hereof.
No securities other than the Exchange Securities shall be included in the Exchange Offer
Registration Statement.
(b) The Issuers shall include within the Prospectus contained in the Exchange Offer
Registration Statement a section entitled “Plan of Distribution,” which shall contain a summary
statement of the positions taken or policies made by the staff of the SEC with respect to the
potential “underwriter” status of any broker-dealer that is the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act) of Exchange Notes received by such broker-dealer in the Exchange
Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly
disseminated by the staff of the SEC or such positions or policies represent the prevailing views
of the staff of the SEC. Such “Plan of Distribution” section shall also expressly permit, to the
extent permitted by applicable policies and regulations of the SEC, the use of the Prospectus by
all Participating Broker-Dealers, and include a statement describing the means by which
Participating Broker-Dealers may resell the Exchange Securities in compliance with the Securities
Act.
The Issuers shall use their commercially reasonable efforts to keep the Exchange Offer
Registration Statement effective and to amend and supplement the Prospectus contained therein in
order to permit such Prospectus to be lawfully delivered by all Persons (including Participating
Broker-Dealers) subject to the prospectus delivery requirements of the Securities Act for such
period of time as is necessary to comply with applicable law in connection with any resale of the
Exchange Securities; provided, however, that such period shall not be required to exceed 90 days,
or such longer period if extended pursuant to the last paragraph of Section 5 hereof (the
“Applicable Period”).
If, prior to consummation of the Exchange Offer, the Initial Purchasers hold any Notes
acquired by them that have the status of an unsold allotment in the initial distribution, the
Issuers,
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upon the request of the Initial Purchasers, shall simultaneously with the delivery of the
Exchange Notes issue and deliver to the Initial Purchasers, in exchange (the “Private Exchange”)
for such Notes held by any such Holder, a like principal amount of notes (the “Private Exchange
Notes”) of the Issuers, guaranteed by the Guarantors, that are identical in all material respects
to the Exchange Notes except for the placement of a restrictive legend on such Private Exchange
Notes. The Private Exchange Notes shall be issued pursuant to the same indenture as the Exchange
Notes and bear the same CUSIP number as the Exchange Notes if permitted by the CUSIP Service
Bureau.
In connection with the Exchange Offer, the Issuers will
(1) mail, or cause to be mailed, to each Holder of record entitled to participate in the
Exchange Offer a copy of the Prospectus forming part of the Exchange Offer Registration Statement,
together with an appropriate letter of transmittal and related documents;
(2) use its respective commercially reasonable efforts to keep the Exchange Offer open for not
less than 20 Business Days from the date that notice of the Exchange Offer is mailed to Holders (or
longer if required by applicable law);
(3) utilize the services of a depositary for the Exchange Offer with an address in the Borough
of Manhattan, The City of New York or in Wilmington, Delaware, which may be the Trustee or an
affiliate thereof;
(4) permit Holders to withdraw tendered Notes at any time prior to the close of business, New
York time, on the last Business Day on which the Exchange Offer remains open; and
(5) otherwise comply in all material respects with all laws, rules and regulations applicable
to the Exchange Offer.
As soon as practicable after the close of the Exchange Offer and any Private Exchange the
Issuers shall:
(1) accept for exchange all Registrable Securities validly tendered and not validly withdrawn
pursuant to the Exchange Offer and any Private Exchange;
(2) deliver to the Trustee for cancellation all Registrable Securities so accepted for
exchange; and
(3) cause the Trustee to authenticate and deliver promptly to each Holder of Notes, Exchange
Notes or Private Exchange Notes, as the case may be, equal in principal amount to the Notes of such
Holder so accepted for exchange; provided that, in the case of any Notes held in global form by a
depositary, authentication and delivery to such depositary of one or more replacement Notes in
global form in an equivalent principal amount thereto for the account of such Holders in accordance
with the Indenture shall satisfy such authentication and delivery requirement.
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The Exchange Offer and the Private Exchange shall not be subject to any conditions, other than
that (i) the Exchange Offer or Private Exchange, as the case may be, does not violate applicable
law or any applicable interpretation of the staff of the SEC; (ii) no action or proceeding shall
have been instituted or threatened in any court or by any governmental agency which might
materially impair the ability of the Issuers to proceed with the Exchange Offer or the Private
Exchange, and no material adverse development shall have occurred in any existing action or
proceeding with respect to the Issuers; and (iii) all governmental approvals shall have been
obtained, which approvals the Issuers deem necessary for the consummation of the Exchange Offer or
Private Exchange.
The Exchange Securities and the Private Exchange Notes (and related guarantees) shall be
issued under (i) the Indenture or (ii) an indenture identical in all material respects to the
Indenture and which, in either case, has been qualified under the TIA or is exempt from such
qualification and shall provide that the Exchange Securities shall not be subject to the transfer
restrictions set forth in the Indenture. The Indenture or such indenture shall provide that the
Exchange Notes, the Private Exchange Notes and the Notes shall vote and consent together on all
matters as one class and that none of the Exchange Notes, the Private Exchange Notes or the Notes
will have the right to vote or consent as a separate class on any matter.
(c) If (1) because of any change in law or in currently prevailing interpretations of the
staff of the SEC, the Issuers are not permitted to effect the Exchange Offer, (2) the Exchange
Offer is not consummated by the Exchange Date and all Securities are not Freely Tradeable prior to
such time or (3) at any time prior to the Exchange Date: (A) the Initial Purchasers request from
the Issuers with respect to Registrable Securities held by them that are not eligible to
participate or be exchanged for Exchange Securities in the Exchange Offer, (B) with respect to any
Holder of Registrable Securities, such Holder notifies the Issuers that (i) such Holder is
prohibited by applicable law or SEC policy from participating in the Exchange Offer, (ii) such
Holder may not resell the Exchange Securities acquired by it in the Exchange Offer to the public
without delivering a prospectus and that the Prospectus contained in the Registration Statement is
not appropriate or available for such resales by such Holder, or (iii) such Holder is a
broker-dealer and holds Registrable Securities acquired directly from the Issuers or one of their
affiliates or (C) in the case of any Initial Purchaser, such Initial Purchaser notifies the Issuers
it will not receive Freely Tradable Exchange Securities in exchange for Registrable Securities
constituting any portion of such Initial Purchaser’s unsold allotment, then, in the case of each of
clauses (1) through (3) of this sentence, the Issuers shall promptly deliver to the Trustee with a
copy to the registrar (to deliver to the Holders) written notice thereof (the “Shelf Notice”) and
shall file a Shelf Registration pursuant to Section 3 hereof.
(d) Notwithstanding anything in this Section 2 to the contrary, the requirements to file and
the requirements to consummate the Exchange Offer pursuant to this Section 2 shall terminate at
such time as all the Securities held by Holders eligible to participate in any such Exchange Offer
are Freely Tradable.
3. Shelf Registration
If at any time a Shelf Notice is delivered as contemplated by Section 2(c) hereof, then:
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(a) Shelf Registration. The Issuers shall use their commercially reasonable efforts
to file with the SEC a Registration Statement for an offering to be made on a continuous basis
pursuant to Rule 415 covering all of the Registrable Securities (the “Initial Shelf Registration”)
within 30 days of the Shelf Notice but no earlier than 45 days after the Issue Date. The Initial
Shelf Registration shall be on any appropriate form permitting registration of such Registrable
Securities for resale by Holders in the manner or manners designated by them (including, without
limitation, one or more underwritten offerings). The Issuers shall not permit any securities other
than the Registrable Securities and the Guarantees to be included in the Initial Shelf Registration
or any Subsequent Shelf Registration (as defined below).
The Issuers shall use their commercially reasonable efforts to cause the Shelf Registration to
be declared effective under the Securities Act on or prior to the Effectiveness Date and to keep
the Initial Shelf Registration continuously effective under the Securities Act from the date on
which the Shelf Registration is declared effective by the SEC until the expiration of the one-year
period referred to in Rule 144 applicable to securities held by non-affiliates under the Securities
Act (or shorter period that will terminate when all the Registrable Securities covered by such
Shelf Registration have been sold pursuant to such Shelf Registration or are Freely Tradable (the
“Effectiveness Period”); provided, however, that the Effectiveness Period in respect of the Initial
Shelf Registration shall be extended to the extent required to permit dealers to comply with the
applicable prospectus delivery requirements of Rule 174 under the Securities Act and as otherwise
provided herein. Notwithstanding anything to the contrary in this Agreement, at any time, the
Issuers may delay the filing of any Initial Shelf Registration Statement or delay or suspend the
effectiveness thereof, for a reasonable period of time, but not in excess of 60 consecutive days or
more than one (1) time during any calendar year (each, a “Shelf Suspension Period”), if the board
of directors or applicable governing body of the Issuers determines reasonably and in good faith
that the filing of any such Initial Shelf Registration Statement or the continuing effectiveness
thereof would require the disclosure of non-public material information that, in the reasonable
judgment of the board of directors or applicable governing body of the Issuers, would be
detrimental to the Issuers if so disclosed or would otherwise materially adversely affect a
financing, acquisition, disposition, merger or other material transaction or if such action is
required by applicable law.
(b) Withdrawal of Stop Orders; Subsequent Shelf Registrations. If the Initial Shelf
Registration or any Subsequent Shelf Registration ceases to be effective for any reason at any time
during the Effectiveness Period (other than because of the sale of all of the Securities registered
thereunder), the Issuers shall use their commercially reasonable efforts to obtain the prompt
withdrawal of any order suspending the effectiveness thereof, and in any event shall file an
additional Shelf Registration Statement pursuant to Rule 415 covering all of the Registrable
Securities covered by and not sold under the Initial Shelf Registration or an earlier Subsequent
Shelf Registration (each, a “Subsequent Shelf Registration”). If a Subsequent Shelf Registration
is filed, the Issuers shall use their commercially reasonable efforts to cause the Subsequent Shelf
Registration to be declared effective under the Securities Act as soon as practicable after such
filing and to keep such subsequent Shelf Registration continuously effective for a period equal to
the number of days in the Effectiveness Period less the aggregate number of days during which the
Initial Shelf Registration or any Subsequent Shelf Registration was previously continuously
effective. As used herein the term “Shelf Registration” means the Initial Shelf Registration and
any Subsequent Shelf Registration.
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(c) Supplements and Amendments. The Issuers shall promptly supplement and amend the
Shelf Registration if required by the rules, regulations or instructions applicable to the
registration form used for such Shelf Registration, if required by the Securities Act, or if
reasonably requested by the Holders of a majority in aggregate principal amount of the Registrable
Securities (or their counsel) covered by such Registration Statement with respect to the
information included therein with respect to one or more of such Holders, or, if reasonably
requested by any underwriter of such Registrable Securities, with respect to the information
included therein with respect to such underwriter.
(d) Notwithstanding anything in this Section 3 to the contrary, the requirements to file a
Registration Statement for a Shelf Registration and to have such Shelf Registration become and
remain effective shall terminate at such time as all Securities eligible to be included in such a
Shelf Registration pursuant to Section 2(c) are Freely Tradable.
4. Special Interest
(a) The Issuers and the Initial Purchasers agree that the Holders will suffer damages if the
Issuers fail to fulfill their obligations under Section 2 or Section 3 hereof and that it would not
be feasible to ascertain the extent of such damages with precision. Accordingly, the Issuers agree
to pay, jointly and severally, as liquidated damages, additional interest on the Notes (“Special
Interest”) if any of the Securities are not Freely Tradable by the Exchange Date and either (i) the
Exchange Offer has not been consummated, (ii) any Shelf Registration, if required hereby, has not
been declared effective by the SEC or (iii) any Registration Statement required by Section 2 or 3
of this Agreement has been declared effective but ceases to be effective at any time at which it is
required to be effective under this Agreement (each such event referred to in clauses (i) through
(iii), a “Registration Default”). The Special Interest shall accrue on the principal amount of the
Notes at a rate of 0.25% per annum during the 90-day period immediately following the occurrence of
any Registration Default (which rate will be increased by an additional 0.25% per annum for each
subsequent 90-day period that such Special Interest continues to accrue, provided that the rate at
which such Special Interest accrues may in no event exceed 1.00% per annum) (such Special Interest
to be calculated by the Issuers); provided, however, that at the earlier of (i) the cure of all
Registration Defaults relating to the particular Registrable Securities or (ii) the particular
Registrable Securities having become Freely Tradable, the interest rate borne by the relevant
Registrable Securities will be reduced to the original interest rate borne by such Registrable
Securities. Notwithstanding any other provisions of this Section 4, the Issuers shall not be
obligated to pay Special Interest provided in Section 4(a)(ii) during a Shelf Suspension Period
permitted by Section 3(a) hereof. The provisions for Special Interest will be the only monetary
remedy available to holders under this Agreement.
(b) The Issuers shall notify the Trustee and the paying agent within five business days after
each and every date on which an event occurs in respect of which Special Interest is required to be
paid (an “Event Date”). Any amounts of Special Interest due pursuant to clause (a) of this Section
4 will be payable in cash semiannually on each April 1 and October 1 (to the holders of record on
the March 15 and September 15 immediately preceding such dates), commencing the first such date
occurring after any such Special Interest commences to accrue. The amount of Special Interest will
be determined by the Issuers by multiplying the applicable Special Interest rate by the principal
amount of the Registrable Securities, multiplied by a
12
fraction, the numerator of which is the number of days such Special Interest rate was
applicable during such period (determined on the basis of a 360 day year comprised of twelve 30-day
months and, in the case of a partial month, the actual number of days elapsed), and the denominator
of which is 360.
5. Registration Procedures
In connection with the filing of any Registration Statement pursuant to Section 2 or 3 hereof,
the Issuers and the Guarantors shall effect such registrations to permit the sale of the securities
covered thereby in accordance with the intended method or methods of disposition thereof, and
pursuant thereto and in connection with any Registration Statement filed by the Issuers hereunder
the Issuers and the Guarantors shall:
(a) Prepare and file with the SEC (prior to the applicable Filing Date in the case of a Shelf
Registration), a Registration Statement or Registration Statements as prescribed by Section 2 or 3
hereof, and use their commercially reasonable efforts to cause each such Registration Statement to
become effective and remain effective as provided herein; provided, however, that if (1) such
filing is pursuant to Section 3 hereof or (2) a Prospectus contained in the Exchange Offer
Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the
Applicable Period relating thereto from whom the Issuers have received prior written notice that it
will be a Participating Broker-Dealer in the Exchange Offer, before filing any Registration
Statement or Prospectus or any amendments or supplements thereto, the Issuers shall furnish to and
afford counsel for the Holders of the Registrable Securities covered by such Registration Statement
(with respect to a Registration Statement filed pursuant to Section 3 hereof) or counsel for such
Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be,
and counsel to the managing underwriters, if any, a reasonable opportunity to review copies of all
such documents (including copies of any documents to be incorporated by reference therein and all
exhibits thereto) proposed to be filed (in each case, at least three Business Days prior to such
filing). The Issuers shall not file any Registration Statement or Prospectus or any amendments or
supplements thereto if the Holders of a majority in aggregate principal amount of the Registrable
Securities covered by such Registration Statement, their counsel or the managing underwriters, if
any, shall reasonably object.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf
Registration Statement or Exchange Offer Registration Statement, as the case may be, as may be
necessary to keep such Registration Statement continuously effective for the Effectiveness Period,
the Applicable Period or until consummation of the Exchange Offer, as the case may be; cause the
related Prospectus to be supplemented by any prospectus supplement required by applicable law, and
as so supplemented to be filed pursuant to Rule 424; and comply with the provisions of the
Securities Act and the Exchange Act applicable to it with respect to the disposition of all
securities covered by such Registration Statement as so amended or in such Prospectus as so
supplemented and with respect to the subsequent resale of any securities being sold by a
Participating Broker-Dealer covered by any such Prospectus in all material respects. The Issuers
shall be deemed not to have used their commercially reasonable efforts to keep a Registration
Statement effective if they voluntarily take any action that is reasonably expected to result in
selling Holders of the Registrable Securities covered thereby or Participating Broker-
13
Dealers seeking to sell Exchange Securities not being able to sell such Registrable Securities
or such Exchange Securities during that period unless such action is required by applicable law or
permitted by this Agreement.
(c) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period relating thereto from whom the Issuers have
received written notice that it will be a Participating Broker-Dealer in the Exchange Offer, notify
the selling Holders of Registrable Securities (with respect to a Registration Statement filed
pursuant to Section 3 hereof), or each such Participating Broker-Dealer (with respect to any such
Registration Statement), as the case may be, their counsel and the managing underwriters, if any,
promptly (but in any event within three Business Days), and confirm such notice in writing, (i)
when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and,
with respect to a Registration Statement or any post-effective amendment, when the same has become
effective under the Securities Act (including in such notice a written statement that any Holder
may, upon request, obtain, at the sole expense of the Issuers, one conformed copy of such
Registration Statement or post-effective amendment including financial statements and schedules,
documents incorporated or deemed to be incorporated by reference and exhibits), (ii) of the
issuance by the SEC of any stop order suspending the effectiveness of a Registration Statement or
of any order preventing or suspending the use of any preliminary prospectus or the initiation of
any proceedings for that purpose, (iii) if at any time when a Prospectus is required by the
Securities Act to be delivered in connection with sales of the Registrable Securities or resales of
Exchange Securities by Participating Broker-Dealers the representations and warranties of the
Issuers contained in any agreement (including any underwriting agreement) contemplated by Section
5(m) hereof cease to be true and correct, (iv) of the receipt by the Issuers of any notification
with respect to the suspension of the qualification or exemption from qualification of a
Registration Statement or any of the Registrable Securities or the Exchange Securities to be sold
by any Participating Broker-Dealer for offer or sale in any jurisdiction, or the initiation or
threatening of any proceeding for such purpose, (v) of the happening of any event, the existence of
any condition or any information becoming known that makes any statement made in such Registration
Statement or related Prospectus or any document incorporated or deemed to be incorporated therein
by reference untrue in any material respect or that requires the making of any changes in or
amendments or supplements to such Registration Statement, Prospectus or documents so that, in the
case of the Registration Statement, it will not contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to make the statements
therein not misleading, and that in the case of the Prospectus, it will not contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading and (vi) of the Issuers’ determination that a post-effective amendment to a
Registration Statement would be appropriate.
(d) Use their commercially reasonable efforts to prevent the issuance of any order suspending
the effectiveness of a Registration Statement or of any order preventing or suspending the use of a
Prospectus or suspending the qualification (or exemption from qualification) of any of the
Registrable Securities or the Exchange Securities to be sold by any Participating Broker-Dealer,
for sale in any jurisdiction.
14
(e) If a Shelf Registration is filed pursuant to Section 3 and if requested during the
Effectiveness Period by the managing underwriter, if any, or the Holders of a majority in aggregate
principal amount of the Registrable Securities being sold in connection with an underwritten
offering, (i) as promptly as practicable incorporate in a prospectus supplement or post-effective
amendment such information as the managing underwriter, if any, such Holders or counsel for either
of them reasonably request to be included therein, (ii) make all required filings of such
prospectus supplement or such post-effective amendment as soon as practicable after the Issuers
have received notification of the matters to be incorporated in such prospectus supplement or
post-effective amendment and (iii) supplement or make amendments to such Registration Statement.
(f) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period, furnish to each selling Holder of
Registrable Securities (with respect to a Registration Statement filed pursuant to Section 3
hereof) and to each such Participating Broker-Dealer who so requests (with respect to any such
Registration Statement) and to their respective counsel and each managing underwriter, if any, at
the sole expense of the Issuers, one conformed copy of the Registration Statement or Registration
Statements and each post-effective amendment thereto, including financial statements and schedules,
and, if requested, all documents incorporated or deemed to be incorporated therein by reference and
all exhibits.
(g) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period, deliver to each selling Holder of
Registrable Securities (with respect to a Registration Statement filed pursuant to Section 3
hereof), or each such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, their respective counsel, and the underwriters, if any, at the sole
expense of the Issuers, as many copies of the Prospectus or Prospectuses (including each form of
preliminary prospectus) and each amendment or supplement thereto and any documents incorporated by
reference therein as such Persons may reasonably request; and, subject to the last paragraph of
this Section 5, the Issuers hereby consent to the use of such Prospectus and each amendment or
supplement thereto by each of the selling Holders of Registrable Securities or each such
Participating Broker-Dealer, as the case may be, and the underwriters or agents, if any, and
dealers, if any, in connection with the offering and sale of the Registrable Securities covered by,
or the sale by Participating Broker-Dealers of the Exchange Securities pursuant to, such Prospectus
and any amendment or supplement thereto.
(h) Prior to any public offering of Registrable Securities or any delivery of a Prospectus
contained in the Exchange Offer Registration Statement by any Participating Broker-Dealer who seeks
to sell Exchange Securities during the Applicable Period, use their commercially reasonable efforts
to register or qualify, and to cooperate with the selling Holders of Registrable Securities or each
such Participating Broker-Dealer, as the case may be, the managing underwriter or underwriters, if
any, and their respective counsel in connection with the registration or qualification (or
exemption from such registration or qualification) of such
15
Registrable Securities for offer and sale under the securities or Blue Sky laws of such
jurisdictions within the United States as any selling Holder, Participating Broker-Dealer, or the
managing underwriter or underwriters reasonably request in writing; provided, however, that where
Exchange Securities held by Participating Broker-Dealers or Registrable Securities are offered
other than through an underwritten offering, the Issuers agree to cause their counsel to perform
Blue Sky investigations and file registrations and qualifications required to be filed pursuant to
this Section 5(h), keep each such registration or qualification (or exemption therefrom) effective
during the period such Registration Statement is required to be kept effective and do any and all
other acts or things necessary or advisable to enable the disposition in such jurisdictions of the
Exchange Securities held by Participating Broker-Dealers or the Registrable Securities covered by
the applicable Registration Statement; provided, however, that the Issuers shall not be required to
(A) qualify generally to do business in any jurisdiction where it is not then so qualified, (B)
take any action that would subject it to general service of process in any such jurisdiction where
it is not then so subject or (C) subject itself to taxation in excess of a nominal dollar amount in
any such jurisdiction where it is not then so subject.
(i) If a Shelf Registration is filed pursuant to Section 3 hereof, cooperate with the selling
Holders of Registrable Securities and the managing underwriter, if any, to facilitate the timely
preparation and delivery of certificates representing Registrable Securities to be sold, which
certificates shall not bear any restrictive legends and shall be in a form eligible for deposit
with The Depository Trust Company; and enable such Registrable Securities to be in such
denominations (subject to applicable requirements contained in the Indenture) and registered in
such names as the managing underwriter, if any, or Holders may request.
(j) Use their commercially reasonable efforts to cause the Registrable Securities covered by
the Registration Statement to be registered with or approved by such other U.S. governmental
agencies or authorities as may be necessary to enable the seller or sellers thereof or the
underwriter or underwriters, if any, to consummate the disposition of such Registrable Securities,
except as may be required solely as a consequence of the nature of such selling Holder’s business,
in which case the Issuers will cooperate in all respects with the filing of such Registration
Statement and the granting of such approvals.
(k) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period, upon the occurrence of any event
contemplated by paragraph 5(c)(v) or 5(c)(vi) hereof, use their commercially reasonable efforts to
prepare and (subject to Section 5(a) hereof) file with the SEC, at the sole expense of the Issuers,
a supplement or post-effective amendment to the Registration Statement or a supplement to the
related Prospectus or any document incorporated therein by reference, or file any other required
document so that, as thereafter delivered to the purchasers of the Registrable Securities being
sold thereunder (with respect to a Registration Statement filed pursuant to Section 3 hereof) or to
the purchasers of the Exchange Securities to whom such Prospectus will be delivered by a
Participating Broker-Dealer (with respect to any such Registration Statement), any such Prospectus
will not contain an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading.
16
(l) Prior to the effective date of the first Registration Statement relating to the
Registrable Securities, (i) provide the Trustee with certificates for the Registrable Securities in
a form eligible for deposit with The Depository Trust Company and (ii) provide a CUSIP number for
the Registrable Securities.
(m) In connection with any underwritten offering of Registrable Securities pursuant to a Shelf
Registration, enter into an underwriting agreement as is customary in underwritten offerings of
debt securities similar to the Securities (including, without limitation, a customary condition to
the obligations of the underwriters that the underwriters shall have received “cold comfort”
letters and updates thereof in form, scope and substance reasonably satisfactory to the managing
underwriter, if any, from the independent registered public accountants of the Issuers (and, if
necessary, any other independent registered public accountants of the Issuers, or of any business
acquired by the Issuers, for which financial statements and financial data are, or are required to
be, included or incorporated by reference in the Registration Statement), addressed to each of the
underwriters, such letters to be in customary form and covering matters of the type customarily
covered in “cold comfort” letters in connection with underwritten offerings of debt securities
similar to the Securities), and take all such other actions as are reasonably requested by the
managing underwriter, if any, in order to expedite or facilitate the registration or the
disposition of such Registrable Securities and, in such connection, (i) make such representations
and warranties to, and covenants with, the underwriters with respect to the business of the Issuers
(including any acquired business, properties or entity, if applicable), and the Registration
Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference
therein, in each case, as are customarily made by issuers to underwriters in underwritten offerings
of debt securities similar to the Securities, and confirm the same in writing if and when
requested; (ii) obtain the written opinions of counsel to the Issuers, and written updates thereof
in form, scope and substance reasonably satisfactory to the managing underwriter, if any, addressed
to the underwriters covering the matters customarily covered in opinions reasonably requested in
underwritten offerings; and (iii) if an underwriting agreement is entered into, the same shall
contain indemnification provisions and procedures no less favorable to the sellers and
underwriters, if any, than those set forth in Section 7 hereof (or such other provisions and
procedures reasonably acceptable to Holders of a majority in aggregate principal amount of
Registrable Securities covered by such Registration Statement and the managing underwriter or
underwriters or agents, if any). The above shall be done at each closing under such underwriting
agreement, or as and to the extent required thereunder.
(n) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period, make available for inspection by any Initial
Purchaser, any selling Holder of such Registrable Securities being sold (with respect to a
Registration Statement filed pursuant to Section 3 hereof), or each such Participating
Broker-Dealer, as the case may be, any underwriter participating in any such disposition of
Registrable Securities, if any, and any attorney, accountant or other agent retained by any such
selling Holder or each such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, or underwriter (any such Initial Purchasers, Holders, Participating
Broker-Dealers, underwriters, attorneys, accountants or agents, collectively, the “Inspectors”),
upon written request, at the offices where normally kept, during reasonable business hours and in a
17
reasonable manner, all pertinent financial and other records, pertinent corporate documents
and instruments of the Issuers and subsidiaries of the Issuers (collectively, the “Records”), as
shall be reasonably necessary to enable them to exercise any applicable due diligence
responsibilities, and cause the officers, directors and employees of the Issuers and any of their
subsidiaries to supply all information (“Information”) reasonably requested by any such Inspector
in connection with such due diligence responsibilities. Each Inspector shall agree in writing that
it will keep the Records and Information confidential, to use the Records and Information only for
due diligence purposes, to abstain from using the Records and Information as the basis for any
market transactions in Securities of the Issuers and that it will not disclose any of the Records
or Information that the Issuers determine, in good faith, to be confidential and notifies the
Inspectors in writing are confidential unless (i) the disclosure of such Records or Information is
necessary to avoid or correct a misstatement or omission in such Registration Statement or
Prospectus, (ii) the release of such Records or Information is ordered pursuant to a subpoena or
other order from a court of competent jurisdiction, (iii) disclosure of such Records or Information
is necessary or advisable, in the opinion of counsel for any Inspector, in connection with any
action, claim, suit or proceeding, directly or indirectly, involving or potentially involving such
Inspector and arising out of, based upon, relating to, or involving this Agreement or the Purchase
Agreement, or any transactions contemplated hereby or thereby or arising hereunder or thereunder or
(iv) the information in such Records or Information has been made generally available to the public
other than by an Inspector or an “affiliate” (as defined in Rule 405) thereof; provided, however,
that prior notice shall be provided as soon as practicable to the Issuers of the potential
disclosure of any information by such Inspector pursuant to clause (ii) or (iii) of this sentence
to permit the Issuers to obtain a protective order (or waive the provisions of this paragraph (n))
and that such Inspector shall take such actions as are reasonably necessary to protect the
confidentiality of such information (if practicable) to the extent such action is otherwise not
inconsistent with, an impairment of or in derogation of the rights and interests of the Holder or
any Inspector.
(o) Provide an indenture trustee for the Registrable Securities or the Exchange Securities, as
the case may be, and cause the Indenture or the trust indenture provided for in Section 2(a)
hereof, as the case may be, to be qualified under the TIA not later than the effective date of the
first Registration Statement relating to the Registrable Securities; and in connection therewith,
cooperate with the trustee under any such indenture and the Holders of the Registrable Securities,
to effect such changes (if any) to such indenture as may be required for such indenture to be so
qualified in accordance with the terms of the TIA; and execute, and use its commercially reasonable
efforts to cause such trustee to execute, all documents as may be required to effect such changes,
and all other forms and documents required to be filed with the SEC to enable such indenture to be
so qualified in a timely manner.
(p) Comply with Section 4.03 of the Indenture.
(q) Upon consummation of the Exchange Offer or a Private Exchange, obtain an opinion of
counsel to the Issuers, in a form customary for underwritten transactions, addressed to the Trustee
for the benefit of all Holders of Registrable Securities participating in the Exchange Offer or the
Private Exchange, as the case may be, that the Exchange Securities or Private Exchange Notes, as
the case may be, the related guarantees and the related indenture constitute legal, valid and
binding obligations of the Issuers, enforceable against the Issuers in accordance
18
with their respective terms, subject to customary exceptions and qualifications. If the
Exchange Offer or a Private Exchange is to be consummated, upon delivery of the Registrable
Securities by Holders to the Issuers (or to such other Person as directed by the Issuers), in
exchange for the Exchange Securities or the Private Exchange Notes (and the related guarantees), as
the case may be, the Issuers shall xxxx, or cause to be marked, on such Registrable Securities that
such Registrable Securities are being cancelled in exchange for the Exchange Securities or the
Private Exchange Notes (and the related guarantees), as the case may be; in no event shall such
Registrable Securities be marked as paid or otherwise satisfied.
(r) Use commercially reasonable efforts to cooperate with each seller of Registrable
Securities covered by any Registration Statement and each underwriter, if any, participating in the
disposition of such Registrable Securities and their respective counsel in connection with any
filings required to be made with the Financial Industry Regulatory Authority, Inc. (“FINRA”).
(s) Use its respective commercially reasonable efforts to take all other steps reasonably
necessary to effect the registration of the Exchange Securities and/or Registrable Securities
covered by a Registration Statement contemplated hereby.
The Issuers may require each seller of Registrable Securities as to which any registration is
being effected to furnish to the Issuers such information regarding such seller and the
distribution of such Registrable Securities as the Issuers may, from time to time, reasonably
request. The Issuers may exclude from such registration the Registrable Securities of any seller so
long as such seller fails to furnish such information within a reasonable time after receiving such
request. Each seller as to which any Shelf Registration is being effected agrees to furnish
promptly to the Issuers all information required to be disclosed in order to make the information
previously furnished to the Issuers by such seller not materially misleading.
If any such Registration Statement refers to any Holder by name or otherwise as the holder of
any securities of the Issuers, then such Holder shall have the right to require (i) the insertion
therein of language, in form and substance reasonably satisfactory to such Holder, to the effect
that the holding by such Holder of such securities is not to be construed as a recommendation by
such Holder of the investment quality of the securities covered thereby and that such holding does
not imply that such Holder will assist in meeting any future financial requirements of the Issuers
or (ii) in the event that such reference to such Holder by name or otherwise is not required by the
Securities Act or any similar federal statute then in force, the deletion of the reference to such
Holder in any amendment or supplement to the Registration Statement filed or prepared subsequent to
the time that such reference ceases to be required.
Each Holder of Registrable Securities and each Participating Broker-Dealer agrees by its
acquisition of such Registrable Securities or Exchange Securities to be sold by such Participating
Broker-Dealer, as the case may be, that, upon actual receipt of any notice from the Issuers of the
happening of any event of the kind described in Section 5(c)(ii), 5(c)(iv), 5(c)(v) or 5(c)(vi)
hereof, such Holder will forthwith discontinue disposition of such Registrable Securities covered
by such Registration Statement or Prospectus or Exchange Securities to be sold by such Holder or
Participating Broker-Dealer, as the case may be, until such Holder’s or Participating
Broker-Dealer’s receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 5(k) hereof, or until it is advised in writing (the “Advice”) by the Issuers that the use
of
19
the applicable Prospectus may be resumed, and has received copies of any amendments or
supplements thereto. In the event that the Issuers shall give any such notice, each of the
Applicable Period and the Effectiveness Period shall be extended by the number of days during such
periods from and including the date of the giving of such notice to and including the date when
each seller of Registrable Securities covered by such Registration Statement or Exchange Securities
to be sold by such Participating Broker-Dealer, as the case may be, shall have received (x) the
copies of the supplemented or amended Prospectus contemplated by Section 5(k) hereof or (y) the
Advice.
6. Registration Expenses
All fees and expenses incident to the performance of or compliance with this Agreement by the
Issuers of their obligations under Sections 2, 3, 5 and 8 shall be borne by the Issuers, whether or
not the Exchange Offer Registration Statement or any Shelf Registration Statement is filed or
becomes effective or the Exchange Offer is consummated, including, without limitation, (i) all
registration and filing fees (including, without limitation, (A) fees with respect to filings
required to be made with FINRA in connection with an underwritten offering and (B) fees and
expenses of compliance with state securities or Blue Sky laws (including, without limitation,
reasonable fees and disbursements of counsel in connection with Blue Sky qualifications of the
Registrable Securities or Exchange Securities and determination of the eligibility of the
Registrable Securities or Exchange Securities for investment under the laws of such jurisdictions
in the United States (x) where the holders of Registrable Securities are located, in the case of
the Exchange Securities or (y) as provided in Section 5(h) hereof, in the case of Registrable
Securities or Exchange Securities to be sold by a Participating Broker-Dealer during the Applicable
Period)), (ii) printing expenses, including, without limitation, printing all Registration
Statements, underwriting agreements, indentures and prospectuses if the printing of prospectuses is
requested by the managing underwriter, if any, by the Holders of a majority in aggregate principal
amount of the Registrable Securities included in any Registration Statement or in respect of
Registrable Securities or Exchange Securities to be sold by any Participating Broker-Dealer during
the Applicable Period, as the case may be, and any other documents necessary in order to comply
with this Agreement (iii) fees and expenses of the Trustee, any exchange agent and their counsel,
(iv) fees and disbursements of counsel for the Issuers and, in the case of a Shelf Registration,
reasonable fees and disbursements of one special counsel for all of the sellers of Registrable
Securities selected by the Holder of a majority in aggregate principal amount of Registrable
Securities covered by such Shelf Registration (which counsel shall be reasonably satisfactory to
the Issuers) exclusive of any counsel retained pursuant to Section 7 hereof), (v) fees and
disbursements of all independent registered public accountants referred to in Section 5(m) hereof
(including, without limitation, the expenses of any “cold comfort” letters required by or incident
to such performance), (vi) rating agency fees, if any, and any fees associated with making the
Registrable Securities or Exchange Securities eligible for trading through The Depository Trust
Company, (vii) Securities Act liability insurance, if the Issuers desire such insurance, (viii)
fees and expenses of all other Persons retained by the Issuers, (ix) internal expenses of the
Issuers (including, without limitation, all salaries and expenses of officers and employees of the
Issuers performing legal or accounting duties), (x) the expense of any annual audit, (xi) any fees
and expenses incurred in connection with the listing of the securities to be registered on any
securities exchange, and the obtaining of a rating of the securities, in each case, if applicable
and (xii) the expenses relating to word processing and distributing all Registration
20
Statements, underwriting agreements, indentures and any other documents necessary in order to
comply with this Agreement.
7. Indemnification And Contribution
(a) The Issuers and the Guarantors, jointly and severally, agree to indemnify and hold
harmless each Holder of Registrable Securities and each Participating Broker-Dealer selling
Exchange Securities during the Applicable Period, and each Person, if any, who controls any such
Persons or its affiliates within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act (each, a “Participant”) against any losses, claims, damages or liabilities, joint
or several, to which any Participant may become subject under the Securities Act, the Exchange Act
or otherwise, insofar as any such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon:
(i) any untrue statement or alleged untrue statement of any material fact contained in any
Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if the
Issuers shall have furnished any amendments or supplements thereto) or any preliminary prospectus;
or
(ii) the omission or alleged omission to state, in any Registration Statement (or any
amendment thereto) or Prospectus (as amended or supplemented if the Issuers shall have furnished
any amendments or supplements thereto) or any preliminary prospectus or any other document or any
amendment or supplement thereto, a material fact required to be stated therein or necessary to make
the statements therein not misleading, except, in each case, insofar as such losses, claims,
damages or liabilities are arising out of or based upon any untrue statement or omission or alleged
untrue statement or omission made in reliance upon and in conformity with any information relating
to any Initial Purchaser or any Holder furnished to the Issuers in writing through the Initial
Purchasers or any selling Holder expressly for use therein; and agree (subject to the limitations
set forth in this sentence) to reimburse, as incurred, the Participant for any reasonable legal or
other expenses incurred by the Participant in connection with investigating, defending against or
appearing as a third-party witness in connection with any such loss, claim, damage, liability or
action; provided, however, neither the Issuers nor the Guarantors will be liable in any such case
to the extent that any such loss, claim, damage or liability arises out of or is based upon any
untrue statement or alleged untrue statement or omission or alleged omission made in any
Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if the
Issuers shall have furnished any amendments or supplements thereto) or any preliminary prospectus
or any amendment or supplement thereto in reliance upon and in conformity with written information
relating to any Participant furnished to the Issuers by such Participant specifically for use
therein. The indemnity provided for in this Section 7 will be in addition to any liability that the
Issuers may otherwise have to the indemnified parties. The Issuers and the Guarantors shall not be
liable under this Section 7 to any indemnified party regarding any settlement or compromise or
consent to the entry of any judgment with respect to any pending or threatened claim, action, suit
or proceeding in respect of which indemnification or contribution may be sought hereunder (whether
or not the indemnified parties are actual or potential parties to such claim or action) unless such
settlement, compromise or consent is consented to by the Issuers and the Guarantors, which consent
shall not be unreasonably withheld.
21
(b) Each Participant, severally and not jointly, agrees to indemnify and hold harmless the
Issuers, the Guarantors, their respective directors (or equivalent), their respective officers who
sign any Registration Statement and each person, if any, who controls the Issuers within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act against any losses,
claims, damages or liabilities to which the Issuers, the Guarantors or any such director, officer
or controlling person may become subject under the Securities Act, the Exchange Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of
or are based upon (i) any untrue statement or alleged untrue statement of any material fact
contained in any Registration Statement or Prospectus, any amendment or supplement thereto, or any
preliminary prospectus or (ii) the omission or the alleged omission to state therein a material
fact necessary to make the statements therein not misleading, in each case to the extent, but only
to the extent, that such untrue statement or alleged untrue statement or omission or alleged
omission was made in reliance upon and in conformity with written information concerning such
Participant, furnished to the Issuers by or on behalf of such Participant, specifically for use
therein; and subject to the limitation set forth immediately preceding this clause, will reimburse,
as incurred, any reasonable legal or other expenses incurred by the Issuers, the Guarantors or any
such director, officer or controlling person in connection with investigating or defending against
or appearing as a third party witness in connection with any such loss, claim, damage, liability or
action in respect thereof. The indemnity provided for in this Section 7 will be in addition to any
liability that the Participants may otherwise have to the indemnified parties. The Participants
shall not be liable under this Section 7 to any indemnified party regarding any settlement or
compromise or consent to the entry of any judgment with respect to any pending or threatened claim,
action, suit or proceeding in respect of which indemnification or contribution may be sought
hereunder (whether or not the indemnified parties are actual or potential parties to such claim or
action) unless such settlement, compromise or consent is consented to by the Participants, which
consent shall not be unreasonably withheld. The Issuers and the Guarantors shall not, without the
prior written consent of such Participant, effect any settlement or compromise of any pending or
threatened proceeding in respect of which such Participant is or could have been a party, or
indemnity could have been sought hereunder by such Participant, unless such settlement (A) includes
an unconditional written release of such Participant, in form and substance reasonably satisfactory
to such Participant, from all liability on claims that are the subject matter of such proceeding
and (B) does not include any statement as to an admission of fault, culpability or failure to act
by or on behalf of such Participant.
(c) Promptly after receipt by an indemnified party under this Section 7 of notice of the
commencement of any action, such indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify the indemnifying party of the
commencement thereof in writing; but the omission to so notify the indemnifying party (i) will not
relieve it from any liability under paragraph (a) or (b) above unless and to the extent such
indemnifying party did not otherwise learn of such action and such failure results in the
forfeiture by the indemnifying party of substantial rights and defenses and (ii) will not, in any
event, relieve the indemnifying party from any obligations to any indemnified party other than the
indemnification obligation provided in paragraphs (a) and (b) above. The indemnifying party shall
be entitled to appoint counsel (including local counsel) of the indemnifying party’s choice at the
indemnifying party’s expense to represent the indemnified party in any action for which
indemnification is sought (in which case the indemnifying party shall not thereafter be
22
responsible for the fees and expenses of any separate counsel, other than local counsel if not
appointed by the indemnifying party, retained by the indemnified party or parties except as set
forth below); provided, however, that such counsel shall be reasonably satisfactory to the
indemnified party. Notwithstanding the indemnifying party’s election to appoint counsel (including
local counsel) to represent the indemnified party in an action, the indemnified party shall have
the right to employ separate counsel (including local counsel), and the indemnifying party shall
bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel
chosen by the indemnifying party to represent the indemnified party would present such counsel with
a conflict of interest (based on the advice of counsel to the indemnified person); (ii) such action
includes both the indemnified party and the indemnifying party and the indemnified party shall have
reasonably concluded (based on the advice of counsel to the indemnified person) that there may be
legal defenses available to it and/or other indemnified parties that are different from or
additional to those available to the indemnifying party; (iii) the indemnifying party shall not
have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified
party within a reasonable time after notice of the institution of such action; or (iv) the
indemnifying party shall authorize the indemnified party to employ separate counsel at the expense
of the indemnifying party. It is understood and agreed that the indemnifying person shall not, in
connection with any proceeding or separate but related or substantially similar proceedings in the
same jurisdiction arising out of the same general allegations or circumstances, be liable for the
reasonable fees and expenses of more than one separate firm (in addition to any local counsel)
representing the indemnified parties under paragraph (a) or paragraph (b) of this Section 7, as the
case may be, who are parties to such action or actions. Any such separate firm for any Participants
shall be designated in writing by Participants who sold a majority in interest of the Registrable
Securities and Exchange Securities sold by all such Participants in the case of paragraph (a) of
this Section 7 or the Issuers in the case of paragraph (b) of this Section 7. In the event that any
Participants are indemnified persons collectively entitled, in connection with a proceeding or
separate but related or substantially similar proceedings in a single jurisdiction, to the payment
of fees and expenses of a single separate firm under this Section 7(c), and any such Participants
cannot agree to a mutually acceptable separate firm to act as counsel thereto, then such separate
firm for all such Indemnified Persons shall be designated in writing by Participants who sold a
majority in interest of the Registrable Securities and Exchange Securities sold by all such
Participants. An indemnifying party will not, without the prior written consent of the indemnified
parties, settle or compromise or consent to the entry of any judgment with respect to any pending
or threatened claim, action, suit or proceeding in respect of which indemnification or contribution
may be sought hereunder (whether or not the indemnified parties are actual or potential parties to
such claim or action) unless such settlement, compromise or consent includes an unconditional
release of each indemnified party from all liability arising out of such claim, action, suit or
proceeding and does not include any statement as to, or any admission of, fault, culpability or
failure to act by or on behalf of any indemnified party. All fees and expenses that are
reimbursable pursuant to this paragraph (c) shall be reimbursed as they are incurred.
(d) After notice from the indemnifying party to such indemnified party of its election so to
assume the defense thereof and approval by such indemnified party of counsel appointed to defend
such action, the indemnifying party will not be liable to such indemnified party under this Section
7 for any legal or other expenses, other than reasonable costs of investigation, subsequently
incurred by such indemnified party in connection with the defense thereof, unless (i) the
indemnified party shall have employed separate counsel in accordance with the third
23
sentence of paragraph (c) of this Section 7 or (ii) the indemnifying party has authorized in
writing the employment of counsel for the indemnified party at the expense of the indemnifying
party. After such notice from the indemnifying party to such indemnified party, the indemnifying
party will not be liable for the costs and expenses of any settlement of such action effected by
such indemnified party without the prior written consent of the indemnifying party (which consent
shall not be unreasonably withheld), unless such indemnified party waived in writing its rights
under this Section 7, in which case the indemnified party may effect such a settlement without such
consent.
(e) In circumstances in which the indemnity agreement provided for in the preceding paragraphs
of this Section 7 is unavailable to, or insufficient to hold harmless, an indemnified party in
respect of any losses, claims, damages or liabilities (or actions in respect thereof) (other than
by virtue of the failure of an indemnified party to notify the indemnifying party of its right to
indemnification pursuant to paragraph (a) or (b) of this Section 7, where such failure materially
prejudices the indemnifying party (through the forfeiture of substantial rights or defenses)), each
indemnifying party, in order to provide for just and equitable contribution, shall contribute to
the amount paid or payable by such indemnified party as a result of such losses, claims, damages or
liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect (i) the
relative benefits received by the indemnifying party or parties on the one hand and the indemnified
party on the other from the offering of the Securities or (ii) if the allocation provided by the
foregoing clause (i) is not permitted by applicable law, not only such relative benefits but also
the relative fault of the indemnifying party or parties on the one hand and the indemnified party
on the other in connection with the statements or omissions or alleged statements or omissions that
resulted in such losses, claims, damages or liabilities (or actions in respect thereof). The
relative benefits received by the Issuers and the Guarantors on the one hand and such Participant
on the other shall be deemed to be in the same proportion that the total net proceeds from the
offering (before deducting expenses) of the Securities received by the Issuers bear to the total
discounts and commissions received by such Participant in connection with the sale of the
Securities (or if such Participant did not receive discounts or commissions, the value or receiving
the Securities). The relative fault of the parties shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by the Issuers on the one
hand, or the Participants on the other, the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission or alleged statement
or omission, and any other equitable considerations appropriate in the circumstances. The parties
agree that it would not be equitable if the amount of such contribution were determined by pro rata
or per capita allocation or by any other method of allocation that does not take into account the
equitable considerations referred to in the first sentence of this paragraph (e). Notwithstanding
any other provision of this paragraph (e), no Participant shall be obligated to make contributions
hereunder that in the aggregate exceed the total discounts, commissions and other compensation or
net proceeds on the sale of Securities received by such Participant in connection with the sale of
the Securities, less the aggregate amount of any damages that such Participant has otherwise been
required to pay by reason of the untrue or alleged untrue statements or the omissions or alleged
omissions to state a material fact, and no person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any
person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph (e),
each person, if any, who controls a Participant within the
24
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act shall have the
same rights to contribution as the Participants, and each director and officer of the Issuers and
the Guarantors and each person, if any, who controls the Issuers and the Guarantors within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, shall have the same
rights to contribution as the Issuers.
8. Rule 144A
The Company covenants and agrees that it will use commercially reasonable efforts to file the
reports required to be filed by it under the Securities Act and the Exchange Act and the rules and
regulations adopted by the SEC thereunder in a timely manner in accordance with the requirements of
the Securities Act and the Exchange Act and, if at any time the Company is not required to file
such reports, the Issuers will, upon the request of any Holder or beneficial owner of Registrable
Securities, make available such information necessary to permit sales pursuant to Rule 144A. The
Issuers further covenant and agree, for so long as any Registrable Securities remain outstanding
that it will take such further action as any Holder of Registrable Securities may reasonably
request, all to the extent required from time to time to enable such holder to sell Registrable
Securities without registration under the Securities Act within the limitation of the exemptions
provided by Rule 144A unless the Issuers are then subject to Section 13 or 15(d) of the Exchange
Act and reports filed thereunder satisfy the information requirements of Rule 144A then in effect.
9. Underwritten Registrations
The Issuers shall not be required to assist in an underwritten offering unless requested by
the Holders of a majority in aggregate principal amount of the Registrable Securities. If any of
the Registrable Securities covered by any Shelf Registration are to be sold in an underwritten
offering, the underwriters and managers that will manage the offering will be selected by the
Holders of a majority in aggregate principal amount of such Registrable Securities included in such
offering and shall be reasonably acceptable to the Issuers. No Holder of Registrable Securities
may participate in any underwritten registration hereunder unless such Holder (a) agrees to sell
such Holder’s Registrable Securities on the basis provided in any underwriting arrangements
approved by the Persons entitled hereunder to approve such arrangements and (b) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other
documents required under the terms of such underwriting arrangements.
10. Miscellaneous
(a) No Inconsistent Agreements. The Issuers have not as of the date hereof, and the
Issuers shall not, after the date of this Agreement, enter into any agreement with respect to any
of its securities that is inconsistent with the rights granted to the Holders of Registrable
Securities in this Agreement (other than the registration rights agreement entered into pursuant to
the Class C Unit Purchase Agreement dated as of February 18, 2011, by and between the Company and
Frontier Gas Services, LLC) or otherwise conflicts with the provisions hereof. The rights granted
to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights
granted to the holders of the Issuers’ other issued and outstanding securities under any such
agreements. The Issuers will not enter into any agreement with respect to any of its
25
securities which will grant to any Person “piggy-back” registration rights with respect to any
Registration Statement.
(b) Adjustments Affecting Registrable Securities. The Issuers shall not, directly or
indirectly, take any action with respect to the Registrable Securities as a class that would
adversely affect the ability of the Holders of Registrable Securities to include such Registrable
Securities in a registration undertaken pursuant to this Agreement.
(c) Amendments and Waivers. The provisions of this Agreement may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not
be given, otherwise than with the prior written consent of (i) the Issuers and (ii) (a) the Holders
of not less than a majority in aggregate principal amount of the then outstanding Registrable
Securities and (b) in circumstances that would adversely affect the Participating Broker-Dealers,
the Participating Broker-Dealers holding not less than a majority in aggregate principal amount of
the Exchange Notes held by all Participating Broker-Dealers; provided, however, that Section 7 and
this Section 10(c) may not be amended, modified or supplemented without the prior written consent
of each Holder and each Participating Broker-Dealer (including any person who was a Holder or
Participating Broker-Dealer of Registrable Securities or Exchange Securities, as the case may be,
disposed of pursuant to any Registration Statement) affected by any such amendment, modification or
supplement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof
with respect to a matter that relates exclusively to the rights of Holders of Registrable
Securities whose securities are being sold pursuant to a Registration Statement and that does not
directly or indirectly affect, impair, limit or compromise the rights of other Holders of
Registrable Securities may be given by Holders of at least a majority in aggregate principal amount
of the Registrable Securities being sold pursuant to such Registration Statement.
(d) Notices. All notices and other communications (including, without limitation, any
notices or other communications to the Trustee and the registrar, paying agent and transfer agent)
provided for or permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, next-day air courier or facsimile:
(i) if to a Holder of the Registrable Securities or any Participating Broker-Dealer, at the
most current address of such Holder or Participating Broker-Dealer, as the case may be, set forth
on the records of the registrar under the Indenture, with a copy in like manner to the Initial
Purchasers as follows:
UBS Securities LLC
000 Xxxxxxxxxx Xxxxxxxxx
Xxxxxxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: High Yield Syndicate Department
000 Xxxxxxxxxx Xxxxxxxxx
Xxxxxxxx, XX 00000
Facsimile No.: (000) 000-0000
Attention: High Yield Syndicate Department
26
with a copy to:
Xxxxxx & Xxxxxxx, LLP
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxx Xxxxxxxxxx
000 Xxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxx Xxxxxxxxxx
(ii) if to the Initial Purchasers, at the address specified in this Section 10(d)(i);
(iii) if to the Issuers, at the address as follows:
Crestwood Midstream Partners LP
000 Xxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Facsimile No.: (000) 000-0000
Attention: General Counsel
000 Xxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Facsimile No.: (000) 000-0000
Attention: General Counsel
with a copy to:
Xxxxxxx Xxxxxxx & Xxxxxxxx LLP
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx X. Xxxxxx III
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile No.: (000) 000-0000
Attention: Xxxxxx X. Xxxxxx III
All such notices and communications shall be deemed to have been duly given: when delivered by
hand, if personally delivered; five Business Days after being deposited in the mail, postage
prepaid, if mailed; one Business Day after being timely delivered to a next-day air courier; and
upon written confirmation, if sent by facsimile.
Copies of all such notices, demands or other communications shall be concurrently delivered by
the Person giving the same to the Trustee or the registrar, paying agent and/or the transfer agent
at the respective addresses and in the manner specified in such Indenture.
(e) Successors and Assigns. This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of each of the parties hereto, the Holders and the
Participating Broker-Dealers; provided, however, that nothing herein shall be deemed to permit any
assignment, transfer or other disposition of Registrable Securities in violation of the terms of
the Purchase Agreement or the Indenture.
(f) Counterparts. This Agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed shall be deemed to be
an original and all of which taken together shall constitute one and the same agreement.
(g) Headings. The headings in this Agreement are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof.
(h) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF
27
NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED ENTIRELY WITHIN THE STATE OF NEW YORK.
EACH OF THE PARTIES HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS
AGREEMENT.
(i) Severability. If any term, provision, covenant or restriction of this Agreement is
held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in
full force and effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an alternative means to achieve the same or
substantially the same result as that contemplated by such term, provision, covenant or
restriction. It is hereby stipulated and declared to be the intention of the parties that they
would have executed the remaining terms, provisions, covenants and restrictions without including
any of such that may be hereafter declared invalid, illegal, void or unenforceable.
(j) Notes Held by the Issuer or its Affiliates. Whenever the consent or approval of
Holders of a specified percentage of Registrable Securities is required hereunder, Registrable
Securities held by the Issuer or its affiliates (as such term is defined in Rule 405 under the
Securities Act) shall not be counted in determining whether such consent or approval was given by
the Holders of such required percentage.
(k) Third-Party Beneficiaries. Holders of Registrable Securities and Participating
Broker-Dealers are intended third-party beneficiaries of this Agreement, and this Agreement may be
enforced by such Persons.
(l) Entire Agreement. This Agreement, together with the Purchase Agreement and the
Indenture, is intended by the parties as a final and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein and therein
and any and all prior oral or written agreements, representations, or warranties, contracts,
understandings, correspondence, conversations and memoranda between the Holders on the one hand and
the Issuers on the other, or between or among any agents, representatives, parents, subsidiaries,
affiliates, predecessors in interest or successors in interest with respect to the subject matter
hereof and thereof are merged herein and replaced hereby.
28
IN WITNESS WHEREOF, the parities have executed this Agreement as of the date first written
above.
CRESTWOOD MIDSTREAM PARTNERS LP By Crestwood Gas Services GP LLC, its general partner |
||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Senior Vice President and Chief Financial Officer | |||
CRESTWOOD MIDSTREAM FINANCE CORPORATION |
||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Senior Vice President and Chief Financial Officer | |||
GUARANTORS | CRESTWOOD GAS SERVICES OPERATING LLC CRESTWOOD GAS SERVICES OPERATING GP LLC CRESTWOOD PIPELINE LLC CRESTWOOD PANHANDLE PIPELINE LLC CRESTWOOD ARKANSAS PIPELINE LLC CRESTWOOD NEW MEXICO PIPELINE LLC |
|||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Senior Vice President and Chief Financial Officer | |||
COWTOWN GAS PROCESSING PARTNERS L.P. COWTOWN PIPELINE PARTNERS L.P. By Crestwood Gas Services Operating GP LLC, its general partner |
||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Senior Vice President and Chief Financial Officer | |||
[Signature Page to Registration Rights Agreement]
The foregoing Agreement is hereby confirmed and accepted as of the date first above written. UBS Securities LLC BNP Paribas Securities Corp. RBC Capital Markets, LLC RBS Securities Inc. |
||||
By: | UBS Securities LLC | |||
By: | /s/ Xxxxxxx Xxxxxxxx | |||
Name: | Xxxxxxx Xxxxxxxx | |||
Title: | Director | |||
By: | /s/ Xxxx Xxxxx | |||
Name: | Xxxx Xxxxx | |||
Title: | Director | |||
For itself and the other several
Initial Purchasers.
[Signature Page to Registration Rights Agreement]
SCHEDULE I
THE GUARANTORS
CRESTWOOD GAS SERVICES OPERATING LLC
CRESTWOOD GAS SERVICES OPERATING GP LLC
COWTOWN GAS PROCESSING PARTNERS L.P.
COWTOWN PIPELINE PARTNERS L.P.
CRESTWOOD NEW MEXICO PIPELINE LLC
CRESTWOOD PIPELINE LLC
CRESTWOOD PANHANDLE PIPELINE LLC
CRESTWOOD ARKANSAS PIPELINE LLC
CRESTWOOD GAS SERVICES OPERATING GP LLC
COWTOWN GAS PROCESSING PARTNERS L.P.
COWTOWN PIPELINE PARTNERS L.P.
CRESTWOOD NEW MEXICO PIPELINE LLC
CRESTWOOD PIPELINE LLC
CRESTWOOD PANHANDLE PIPELINE LLC
CRESTWOOD ARKANSAS PIPELINE LLC