EXHIBIT 4.10
WESTERN GAS RESOURCES, INC.,
As Issuer,
THE SUBSIDIARY GUARANTORS
Named on Schedule I hereto
AND
CHASE BANK OF TEXAS, NATIONAL ASSOCIATION,
As Trustee
FIRST SUPPLEMENTAL INDENTURE
Dated as of October 19, 1999
Supplementing the Indenture,
Dated as of June 15, 1999, among
Western Gas Resources, Inc., the
Guarantors named therein and
Chase Bank of Texas, National Association,
as Trustee
$155,000,000
10% SENIOR SUBORDINATED NOTES DUE 2009
THIS FIRST SUPPLEMENTAL INDENTURE, dated as of October 19, 1999 (the "First
Supplemental Indenture"), is by and among (i) WESTERN GAS RESOURCES, INC., a
Delaware corporation (the "Company"), as issuer of the 10% Senior Subordinated
Notes due 2009 (the ,'Notes"), (ii) each of the Subsidiaries of the Company set
forth on Schedule I hereto and each of the Company's Subsidiaries which becomes
a guarantor of the Notes in compliance with Section 9.16 of the Original
Indenture referred to herein in which such Subsidiary agrees to be bound by the
terms of the Original Indenture, as guarantors of the Company's obligations
under the Original Indenture and the Notes (each, a "Guarantor"), and (iii)
Chase Bank of Texas, National Association, as trustee (the "Trustee").
WHEREAS, the Company, the Guarantors as of June 15, 1999 (the "Issue Date")
and the Trustee heretofore executed and delivered an Indenture, dated as of June
15, 1999 (the "Original Indenture"); and
WHEREAS, pursuant to the Original Indenture the Company issued and the
Trustee authenticated and delivered $155 million aggregate principal amount of
the Notes, which Notes were guaranteed by each of the Company's Subsidiaries set
forth in clause (1) of the definition of "Guarantors" in the Original Indenture;
and
WHEREAS, on August 4, 1999, the Company's subsidiary, MGTC, Inc., a Wyoming
Corporation ("MGTC"), a Restricted Subsidiary (as defined in the Original
Indenture), obtained approval from the Wyoming Public Service Commission to
execute guarantees in respect of the Company's obligations under certain Senior
Debt (as defined in the Original Indenture) of the Company; and as a result of
such approval, MGTC's guarantees under such Senior Debt, were issued; and
WHEREAS, Section 9.16 of the Original Indenture provides that each
Restricted Subsidiary of the Company be a Guarantor for so long as such
Restricted Subsidiary has outstanding any Guarantees with respect to the Senior
Debt; and
WHEREAS, Section 12.08 of the Original Indenture provides that each domestic
Subsidiary which is required to become a Guarantor pursuant to Section 9.16
thereof shall promptly execute and deliver to the Trustee a supplemental
indenture pursuant to which such Subsidiary shall become a Guarantor thereunder;
and
WHEREAS, this First Supplemental Indenture has been duly authorized by all
necessary corporate action on the part of the Company and the Guarantors.
NOW, THEREFORE, the Company, the Guarantors listed on Schedule I hereto and
the Trustee agree as follows for the equal and ratable benefit of each other and
the Holders of the Notes:
ARTICLE I
ADDITION OF GUARANTORS
SECTION 1.1. Addition of Guarantor. MGTC hereby expressly agrees to issue a
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Subsidiary Guarantee and to be bound as, and assume the obligations of, a
Guarantor under the Original Indenture.
SECTION 1.2. Trustee's Acceptance. The Trustee hereby accepts this First
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Supplemental Indenture and agrees to perform the same under the terms and
conditions set forth in the Original Indenture.
ARTICLE II
MISCELLANEOUS
SECTION 2.1. Effect of Supplemental Indenture. Upon the execution and
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delivery of this First Supplemental Indenture by the Company, the Guarantors
listed in Schedule I hereto and the Trustee, the Original Indenture shall be
supplemented in accordance herewith, and this First Supplemental Indenture shall
form a part of the Original Indenture for all purposes, and every Holder of
Notes heretofore or hereafter authenticated and delivered under the Original
Indenture shall be bound thereby.
SECTION 2.2. Original Indenture Remains in Full Force and Effect. Except as
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supplemented hereby, all provisions in the Original Indenture shall remain full
force and effect.
SECTION 2.3. Original Indenture and Supplemental Indenture Construed
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Together. This First Supplemental Indenture is an indenture supplemental to and
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in implementation of the Original Indenture, and the Original Indenture and this
First Supplemental Indenture shall henceforth be read and construed together.
SECTION 2.4. Confirmation and Preservation of Original Indenture. The
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Original Indenture as supplemented by this First Supplemental Indenture is in
all respects confirmed and preserved.
SECTION 2.5. Conflict with Trust Indenture Act. If any provision of this
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First Supplemental Indenture limits, qualifies or conflicts with a provision
which is required to be included in this First Supplemental Indenture by the
Trust Indenture Act of 1939 (the "TIA"), the latter provision shall control. If
any provision of this First Supplemental Indenture modifies or excludes any
provision of the TIA that may be so modified or excluded, the latter provision
shall be deemed to apply to the Original Indenture as so modified or to be
excluded by this First Supplemental Indenture, as the case may be.
SECTION 2.6. Severability. In case any provision in this First Supplemental
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Indenture shall be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or
impaired thereby.
SECTION 2.7. Terms Defined in the Original Indenture. All capitalized terms
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not otherwise defined herein shall have the meanings ascribed to them in the
Original Indenture.
SECTION 2.8. Headings. The Article and Section headings of this First
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Supplemental Indenture are for convenience only and shall not affect the
construction hereof.
SECTION 2.9. Benefits of First Supplemental Indenture, etc. Nothing in this
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First Supplemental Indenture or the Notes, express or implied, shall give to any
Person, other than the parties hereto and thereto and their successors hereunder
and thereunder and the Holders, any benefit or any legal or equitable right,
remedy or claim under the Original Indenture or this First Supplemental
Indenture.
SECTION 2.10. Successors and Assions. All covenants and agreements in this
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First Supplemental Indenture by the Company and the Guarantors in this First
Supplemental Indenture and the Notes, as applicable, shall bind their successors
and assigns, whether so expressed or not. All agreements of the Trustee in this
First Supplemental Indenture shall bind its successors.
SECTION 2.11. Trustee Not Responsible for Recitals. The recitals contained
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herein shall be taken as the statements of the Company and the Guarantors, and
the Trustee assumes no responsibility for their correctness. The Trustee shall
have no liability for the validity or sufficiency of this First Supplemental
Indenture.
SECTION 2.12. Certain Duties and Responsibilities of the Trustee. In
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entering into this First Supplemental Indenture, the Trustee shall be entitled
to the benefit of every provision of the Original Indenture relating to the
conduct or affecting the liability or affording protection to the Trustee,
whether or not elsewhere herein so provided.
SECTION 2.13. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE
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GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
(WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PRINCIPLES THEREOF).
SECTION 2.14. No Recourse Against Others. No director, officer, employee,
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incorporator or stockholder of the Company or any Guarantor, as such, shall have
any liability for any obligations of the Company or the Guarantors under the
Notes, the Original Indenture, this First Supplemental Indenture, the Subsidiary
Guarantees, or for any claim based on, in respect of, or by reason of, such
obligations or their creation. Each Holder of Notes by accepting a Note waives
and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes. The waiver may not be effective to
waive liabilities under the federal securities laws, and it is the view of the
Cormmission that such a waiver is against public policy.
SECTION 2.15. MultiPle Oriainals. The parties may sign any number of copies
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of this First Supplemental Indenture. Each signed copy shall be an original, but
all of them together represent the same agreement. One signed copy is enough to
prove this First Supplemental Indenture. The First Supplemental Indenture may be
executed in any number of counterparts, each of which shall be deemed an
original, but all such counterparts shall together constitute but one and the
same instrument.
IN WITNESS WHEREOF, the parties have caused this First Supplemental
Indenture to be duly executed as of the date first written above.
WESTERN GAS RESOURCES, INC.
By: ____________________________
Name: Xxxxxxx X. Xxxxxxx
Title: Vice President-Finance
CHASE BANK OF TEXAS, NATIONAL
ASSOCIATION, as Trustee
By: ____________________________
Name: Xxxxx X. Xxxxx
Title: Vice President & Trust Officer
GUARANTORS:
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XXXXX OIL & GAS COMPANY,INC.
MGTC, INC.
MIGC, INC.
MOUNTAIN GAS RESOURCES, INC.
PINNACLE GAS TREATING, INC.
WESTERN GAS RESOURCES-TEXAS, INC.
WESTERN GAS RESOURCES-OKLAHOMA, INC.
WESTERN GAS WYOMING, L.L.C.
By: ______________________________
Name: Xxxx X. Xxxxxx
Title: Executive Vice President
Schedule I
Guarantors
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Name of Subsidiary
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XXXXX OIL & GAS COMPANY, INC.
MGTC, INC.
MIGC, INC.
MOUNTAIN GAS RESOURCES, INC.
PINNACLE GAS TREATING, INC.
WESTERN GAS RESOURCES - TEXAS, INC.
WESTERN GAS RESOURCES - OKLAHOMA, INC.
WESTERN GAS WYOMING, L.L.C.
