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CONTRIBUTION AND EXCHANGE AGREEMENT

Contribution Agreement

CONTRIBUTION AND EXCHANGE AGREEMENT You are currently viewing:
This Contribution Agreement involves

EL PASO PIPELINE PARTNERS, L.P. | Colorado Interstate Gas Company | EL PASO CORPORATION | El Paso Noric Investments III, LLC | EL PASO PIPELINE GP COMPANY, LLC | EL PASO PIPELINE LP HOLDINGS, LLC | El Paso Pipeline Partners Operating Company, LLC | El Paso Pipeline Partners, LP | EL PASO SNG HOLDING COMPANY, LLC | EPPP CIG GP Holdings, LLC | EPPP SNG GP Holdings, LLC | Southern Natural Gas Company

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Title: CONTRIBUTION AND EXCHANGE AGREEMENT
Governing Law: Texas     Date: 9/23/2008
Industry: NATGAS     Law Firm: Andrews Kurth;Akin Gump     Sector: UTILIT

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Exhibit 2.1

 

 

 

CONTRIBUTION AND EXCHANGE AGREEMENT

 

 

BY AND AMONG

 

 

EL PASO CORPORATION

 

EL PASO NORIC INVESTMENTS III, L.L.C.

 

COLORADO INTERSTATE GAS COMPANY

 

EL PASO SNG HOLDING COMPANY, L.L.C.

 

SOUTHERN NATURAL GAS COMPANY

 

EPPP SNG GP HOLDINGS, L.L.C.

 

EPPP CIG GP HOLDINGS, L.L.C.

 

EL PASO PIPELINE GP COMPANY, L.L.C.

 

EL PASO PIPELINE LP HOLDINGS, L.L.C.

 

EL PASO PIPELINE PARTNERS, L.P.

 

AND

 

EL PASO PIPELINE PARTNERS OPERATING COMPANY, L.L.C.

 

 

 

 

 

 

 

 

September 17, 2008

 

 

 

 


 

 

TABLE OF CONTENTS

 

 

 

ARTICLE 1 DEFINITIONS                                                                                                                                         

 

1.1

Definitions 

 

 

 

1.2

Construction 

 

 

 

ARTICLE 2 CONTRIBUTION AND CLOSING                                                                                                         

 

2.1

Contribution 

 

 

 

2.2

Consideration 

 

 

2.3

Closing and Closing Deliveries 

 

 

 

2.4

Aggregate Consideration Adjustment 

 

     

 

ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF THE CONTRIBUTING PARTIES                                              

 

3.1

Organization 

 

 

 

3.2

Authority and Approval 

 

 

3.3

No Conflict; Consents 

 

 

 

3.4

Capitalization; Title to Subject Interest 

 

 

3.5

Financial Statements; Internal Controls; Undisclosed Liabilities 

 

 

 

3.6

Title to Assets 

 

 

3.7

Litigation; Laws and Regulations 

 

 

 

3.8

No Adverse Changes 

 

 

3.9

Taxes 

 

 

 

3.10

Environmental Matters 

 

 

3.11

Licenses; Permits 

 

 

 

3.12

Contracts 

 

 

3.13

Employees and Employee Benefits 

 

 

 

3.14

Transactions with Affiliates 

 

 

3.15

Regulation 

 

 

 

3.16

Brokerage Arrangements 

 

 

3.17

Investment Intent 

 

 

 

3.18

Waivers and Disclaimers 

 

 

3.19

SEC Reports 

 

 

 

ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF THE PARTNERSHIP PARTIES                                                      

 

4.1

Organization and Existence 

 

 

 

4.2

Authority and Approval 

 

 

4.3

No Conflict; Consents 

 

 

 

4.4

Brokerage Arrangements 

 

 

4.5

Litigation 

 

 

 

4.6

Valid Issuance; Listing; Authorization; Private Placement 

 

 

4.7

SEC Reports 

 

 

 

4.8

Waivers and Disclaimers 

 

 

 

ARTICLE 5 ADDITIONAL AGREEMENTS, COVENANTS, RIGHTS AND OBLIGATIONS                                                      

 

5.1

Operation of CIG and SNG 

 

 

 

5.2

Supplemental Disclosure 

 

 

5.3

Access to Books and Records 

 

 

 

5.4

Cooperation; Further Assurances 

 

 

5.5

Admission of Partnership as Partner 

 

 

 

5.6

Cash Pooling Transactions 

 

 

5.7

Growth Capital; Debt Balance 

 

 

 

ARTICLE 6 CONDITIONS TO CLOSING                                                                                                                     

 

6.1

Conditions to the Obligation of the Partnership Parties 

 

 

 

6.2

Conditions to the Obligation of the Contributing Parties 

 

 

 

ARTICLE 7 TAX MATTERS                                                                                                                                        

 

7.1

Liability for Taxes 

 

 

 

7.2

Tax Returns. 

 

 

7.3

Tax Treatment of Indemnity Payments 

 

 

 

7.4

Transfer Taxes 

 

 

7.5

Survival 

 

 

 

7.6

Conflict 

 

 

 

ARTICLE 8 TERMINATION                                                                                                                                        

 

8.1

Events of Termination 

 

 

 

8.2

Effect of Termination 

 

 

 

ARTICLE 9 INDEMNIFICATION UPON CLOSING                                                                                                           

 

9.1

Indemnification of the Partnership Parties 

 

 

 

9.2

Indemnification of the Contributing Parties, SNG and CIG                                              

 

9.3

Tax Indemnification 

 

 

 

9.4

Survival 

 

 

9.5

Demands 

 

 

 

9.6

Right to Contest and Defend 

 

 

9.7

Cooperation 

 

 

 

9.8

Right to Participate 

 

 

9.9

Payment of Damages 

 

 

 

9.10

Limitations on Indemnification 

 

 

9.11

Sole Remedy 

 

 

 

ARTICLE 10 MISCELLANEOUS                                                                                                                                 

 

10.1

Expenses 

 

 

 

10.2

Notices 

 

 

10.3

Governing Law 

 

 

 

10.4

Public Statements 

 

 

10.5

Entire Agreement; Amendments and Waivers 

 

 

 

10.6

Conflicting Provisions 

 

 

10.7

Binding Effect and Assignment 

 

 

 

10.8

Severability 

 

 

10.9