EQUITY PURCHASE AGREEMENT BY AND AMONG WESTLAKE CHEMICAL PARTNERS LP WESTLAKE CHEMICAL OPCO LP AND WPT LLC DATED AS OF APRIL 29, 2015Equity Purchase Agreement • April 30th, 2015 • Westlake Chemical Partners LP • Industrial organic chemicals
This Equity Purchase Agreement (this “Agreement”) is entered into and dated April 29, 2015 (the “Execution Date”), by and among Westlake Chemical Partners LP, a Delaware limited partnership (the “Partnership”), Westlake Chemical OpCo LP, a Delaware limited partnership (“OpCo”), and WPT LLC, a Delaware limited liability company (“Westlake”). Each of the above named entities may be referred to herein individually as a “Party” and collectively as the “Parties.”
SENIOR UNSECURED REVOLVING CREDIT AGREEMENT dated as of April 29, 2015 between Westlake Chemical Partners LP as Borrower and Westlake Chemical Finance Corporation as LenderSenior Unsecured Revolving Credit Agreement • April 30th, 2015 • Westlake Chemical Partners LP • Industrial organic chemicals • New York
Effective as of the beginning of each Interest Period, the Applicable Margin shall be adjusted upward or downward, as applicable, to the respective percentages shown in the table above based on the Consolidated Leverage Ratio as of the end of the fiscal quarter ending immediately prior to such Interest Period. For purposes hereof, any such adjustment in the respective amounts of the Applicable Margin, whether upward or downward, shall be determined based on the
