SECOND SUPPLEMENTAL INDENTURE
Exhibit 4.2
SECOND SUPPLEMENTAL INDENTURE
SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of June 30, 2007, among
TEPPCO Partners, L.P., a Delaware limited partnership (the “Partnership”), TE Products Pipeline
Company, Limited Partnership, a Texas limited partnership (formerly a Delaware limited partnership,
“TE Products”), TCTM, L.P., a Delaware limited partnership (“TCTM”), TEPPCO Midstream Companies,
L.P., a Texas limited partnership (formerly a Delaware limited partnership, “TEPPCO Midstream”),
Val Verde Gas Gathering Company, L.P., a Delaware limited partnership (“Val Verde”, and together
with TE Products, TCTM and TEPPCO Midstream, the “Existing Subsidiary Guarantors”), TE Products
Pipeline Company, LLC, a Texas limited liability company, TEPPCO Midstream Companies, LLC, a Texas
limited liability company (together with TE Products Pipeline Company, LLC, the “New Subsidiary
Guarantors”), and The Bank of New York Trust Company, N.A., as trustee under the Indenture referred
to below (in such capacity, the “Trustee”).
WITNESSETH:
WHEREAS, the Partnership and the Existing Subsidiary Guarantors have heretofore executed and
delivered to the Trustee an Indenture dated as of May 14, 2007 (the “Original Indenture”),
providing for the Partnership’s issuance, from time to time, of its Debt Securities in one or more
series unlimited as to principal amount, and the Guarantees by each of the Subsidiary Guarantors of
the Debt Securities;
WHEREAS, the Partnership and the Existing Subsidiary Guarantors have heretofore executed and
delivered to the Trustee a First Supplemental Indenture dated as of May 18, 2007 (the “First
Supplemental Indenture,” and together with the Original Indenture, the “Indenture”), providing for
the Partnership’s issuance of the initial series of its Debt Securities under the Indenture, such
series known as the Partnership’s 7.000% Fixed/Floating Rate Junior Subordinated Notes due 2067
(the “2067 Notes”);
WHEREAS, Section 9.01(h) of the Indenture authorizes the Partnership, the Subsidiary
Guarantors and the Trustee, from time to time and at any time, and without the consent of the
Holders, to enter into one or more indentures supplemental to the Indenture to add Subsidiary
Guarantors with respect to any or all Debt Securities;
WHEREAS, the New Subsidiary Guarantors are Subsidiaries of the Partnership and the Partnership
desires to cause each New Subsidiary Guarantor, and each New Subsidiary Guarantor desires to
become, a Subsidiary Guarantor with respect to the 2067 Notes;
WHEREAS, Section 9.01 of the Indenture authorizes the Trustee to join with the Partnership and
the Subsidiary Guarantors in the execution of this Supplemental Indenture for the purpose of adding
a Subsidiary Guarantor, and further provides that any such supplemental indenture may be executed
by the Partnership, the Subsidiary Guarantors and the Trustee without the consent of the Holders of
any Debt Securities at the time Outstanding; and
WHEREAS, all things necessary have been done to make the Guarantee of the 2067 Notes by each
New Subsidiary Guarantor the valid obligation of such New Subsidiary Guarantor and to make this
Supplemental Indenture a valid agreement of the Partnership, the Existing Subsidiary Guarantors and
the New Subsidiary Guarantors, in accordance with their respective terms;
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Partnership, the Existing
Subsidiary Guarantors, the New Subsidiary Guarantors and the Trustee mutually covenant and agree
for the equal and proportionate benefit of the Holders of the 2067 Notes as follows:
1. Capitalized Terms. Capitalized terms used herein and not defined herein shall have the
meaning ascribed to them in the Indenture.
2. Agreement to Guarantee. Each New Subsidiary Guarantor hereby agrees, jointly and severally
with all other Subsidiary Guarantors, fully, unconditionally and absolutely to guarantee, to the
extent set forth in the Indenture and subject to the provisions of the Indenture, the due and
punctual payment of the principal of, and the premium, if any, and interest on, the 2067 Notes and
all other amounts due and payable by the Partnership under the Indenture and the 2067 Notes, and to
be bound by all other provisions of the Indenture applicable to Subsidiary Guarantors. Further,
each New Subsidiary Guarantor acknowledges and agrees that its obligations to the Holders of the
2067 Notes and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth
in Article XIV of the Indenture, and reference is hereby made to the Indenture for the precise
terms of the Guarantee.
3. No Recourse Against Others. The General Partner, the Persons who formed the General
Partner and the General Partner’s directors, officers, employees, incorporators and members, as
such, shall have no liability for any obligations of the Partnership or the Subsidiary Guarantors
under the 2067 Notes, the Guarantees, the Indenture or this Supplemental Indenture or for any claim
based on, in respect of, or by reason of, such obligations or their creation. By accepting a 2067
Note, each Holder waived and released all such liability. Such waiver and release are a part of
the consideration for issuance of the 2067 Notes.
4. NEW YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE AND THE GUARANTEES PROVIDED FOR HEREIN
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
5. Counterparts. The parties may sign any number of counterparts of this Supplemental
Indenture, each of which shall be an original; but such counterparts shall together constitute but
one and the same instrument.
6. Effect of Headings. The headings herein are for convenience only and shall not affect the
construction hereof.
[Remainder of page intentionally left blank; signature pages follow]
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IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed
and delivered, all as of the date first above written.
TEPPCO Partners, L.P. | ||||
By | Texas Eastern Products Pipeline Company, LLC, | |||
Its General Partner | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Xxxxxxx X. Xxxxxx | ||||
Vice President and Chief Financial Officer | ||||
TE Products Pipeline Company, Limited Partnership | ||||
By | TEPPCO GP, Inc., | |||
Its General Partner | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Xxxxxxx X. Xxxxxx | ||||
Vice President and Chief Financial Officer | ||||
TCTM, L.P. | ||||
By | TEPPCO GP, Inc., | |||
Its General Partner | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Xxxxxxx X. Xxxxxx | ||||
Vice President and Chief Financial Officer | ||||
TEPPCO Midstream Companies, L.P. | ||||
By | TEPPCO GP, Inc., | |||
Its General Partner | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Xxxxxxx X. Xxxxxx | ||||
Vice President and Chief Financial Officer |
Signature Page to Second Supplemental Indenture
Val Verde Gas Gathering Company, L.P. | ||||
By | TEPPCO NGL Pipelines, LLC, | |||
Its General Partner | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Xxxxxxx X. Xxxxxx | ||||
Vice President and Chief Financial Officer | ||||
TE Products Pipeline Company, LLC | ||||
By | TEPPCO GP, Inc., | |||
Its Manager | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Xxxxxxx X. Xxxxxx | ||||
Vice President and Chief Financial Officer | ||||
TEPPCO Midstream Companies, LLC | ||||
By | TEPPCO GP, Inc., | |||
Its Manager | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Xxxxxxx X. Xxxxxx | ||||
Vice President and Chief Financial Officer | ||||
The Bank of New York Trust Company, N.A. as Trustee |
||||
By: | /s/ Xxxx Xxxxxxxx Xxxxxxx | |||
Xxxx Xxxxxxxx Xxxxxxx | ||||
Assistant Vice President |
Signature page to Second Supplemental Indenture