AMENDMENT NO. 2 TO THE SECOND AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF BRIGHTVIEW PARENT, L.P. June 27, 2018
Exhibit 4.2
AMENDMENT NO. 2
TO THE
SECOND AMENDED AND RESTATED
OF BRIGHTVIEW PARENT, L.P.
June 27, 2018
This AMENDMENT NO. 2 (“Amendment No. 2”) to the Second Amended and Restated Limited Partnership Agreement, dated as of June 30, 2014 (the “Agreement”) of BrightView Parent, L.P., a Delaware limited partnership (the “Partnership”), as amended by Amendment No. 1 to the Second Amended and Restated Limited Partnership Agreement of BrightView Parent, L.P., dated as of July 6, 2016, is made as of the date first written above by BrightView GP I, LLC, a Delaware limited liability company (formerly known as Xxxxxxxx XX, LLC), as general partner of the Partnership (the “General Partner”). Capitalized terms used herein and not otherwise defined shall have the meanings given to them in the Agreement.
WHEREAS, BrightView Holdings, Inc., a Delaware corporation and wholly-owned subsidiary of the Partnership (“BrightView Holdings”), is undertaking an Initial Public Offering and shall be deemed the IPO Corporation under the Agreement;
1. Amendment to Article X. The Agreement is hereby amended by adding a Section 10.7 to read as follows:
“Section 10.7. Continuation of Rights of Limited Partners Following an Initial Public Offering.
(a) The Agreement shall survive each of (i) an IPO Conversion undertaken pursuant to Section 4.6 of the Agreement and (ii) the dissolution, winding-up and termination of the Partnership pursuant to Section 13.1 of the Agreement (the “Dissolution”), subject to the terms and conditions set forth in the Agreement and this Section 10.7.
(b) At the IPO Effective Date, the IPO Corporation shall become a party to the Agreement by execution of Amendment No. 2.
(c) All references to the “Partnership” in the Surviving Provisions shall be deemed to refer to the IPO Corporation.
(d) All references to the “General Partner” in the Surviving Provisions shall be deemed to refer to the board of directors of the IPO Corporation.
(e) All references to a “Limited Partner” or the “Limited Partners” in the Surviving Provisions shall also be deemed to reference a “Stockholder” or the “Stockholders,” respectively.
(f) In connection with, and effective upon, the IPO Effective Date, other than the Surviving Provisions, all other Articles and Sections in the Agreement shall terminate and
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shall have no further effect; provided however that the General Partner shall have the authority to provide for the prompt completion of each of the IPO Conversion, the Initial Public Offering and the Dissolution and shall enjoy all of the powers, rights and privileges of the General Partner in furtherance of such actions, as if no such amendments shall have be made or become effective.”
2. Definitions. The following definitions shall be added in proper alphabetical order:
(a) “Amendment No. 2” means the Amendment No. 2 to the Agreement, dated June 27, 2018 by BrightView GP I, LLC, as general partner of the Partnership.
(b) “IPO Effective Date” means the time at which a registration statement of the IPO Corporation relating to an Initial Public Offering has been declared effective by the SEC.
(c) “Stockholders” means any Person a party to the Agreement following the IPO Effective Date (other than the IPO Corporation).
(d) “Surviving Provisions” means Articles I, IV (excluding Section 4.4) and XV and Sections 10.4, 10.5, 10.6, 16.2, 16.3, 16.4, 16.5, 16.6, 16.7, 16.10, 16.11 and 16.12 of the Agreement and any additional provisions necessary to give effect to the foregoing Articles and Sections (including any definition applied to such Article or Section).
3. Ratification and Confirmation of the Agreement. Except as so modified pursuant to this Amendment No. 2, the Agreement is hereby ratified and confirmed in all respects, the other terms and provisions of the Agreement shall not be affected by this Amendment No. 2, and the Agreement shall continue in full force and effect as amended hereby, notwithstanding the subsequent Dissolution.
4. Governing Law. This Amendment No. 2 shall be construed in accordance with and governed by the Act and the other laws of the State of Delaware, without giving effect to the provisions, policies or principles thereof relating to choice or conflict of laws.
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GENERAL PARTNER: | ||
BrightView GP I, LLC | ||
By: | /s/ Xxxxxxxx X. Xxxxxxxxx | |
Name: Xxxxxxxx X. Xxxxxxxxx | ||
Title: Assistant Secretary |
BrightView Holdings, Inc., a Delaware corporation, hereby agrees to become a party to the Agreement, as modified by this Amendment No. 2, and otherwise agrees to be bound in accordance with this Amendment No. 2.
BrightView Holdings, Inc. | ||
By: | /s/ Xxxxxxxx X. Xxxxxxxxx | |
Name: | Xxxxxxxx X. Xxxxxxxxx | |
Title: | Executive Vice President, Chief Legal Officer and Corporate Secretary |
[Signature Page to Amendment No. 2 to Second A&R LPA of BrightView Parent L.P.]