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FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

Note Purchase Agreement

FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT | Document Parties: ENERGY TRANSFER PARTNERS, L.P. You are currently viewing:
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ENERGY TRANSFER PARTNERS, L.P.

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Title: FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT
Governing Law: New York     Date: 8/10/2009
Industry: Oil and Gas Operations     Law Firm: Winston Strawn     Sector: Energy

FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT, Parties: energy transfer partners  l.p.
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Exhibit 10.6

FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

As of May 24, 2001                

To Each of the Purchasers

Named in the Supplemental

Purchaser Schedule Attached Hereto

Ladies and Gentlemen:

Reference is made to that certain Note Purchase Agreement dated as of August 10, 2000 between the Company and each of the Initial Purchasers named in the Initial Purchaser Schedule attached thereto (the “Agreement” ). Terms used but not defined herein shall have the respective meanings set forth in the Agreement.

As contemplated in Section 2B of the Agreement, the Company agrees with you as follows:

A. Subsequent Series of Notes. The Company will create Subsequent Series of Notes to be called the “Series G Notes” , “Series H Notes” and “Series I Notes” , respectively (collectively, the “Subsequent Notes” ).

(i) Said Series G Notes will be dated the date of issue; will bear interest from such date at the rate of 7.21% per annum, payable quarterly on the 15th day of each February, May, August and November in each year (commencing August 15, 2001) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on May 15, 2008; and will be substantially in the form attached to the Agreement as Exhibit A-7 with the appropriate insertions to reflect the terms and provisions set forth above.

(ii) Said Series H Notes will be dated the date of issue; will bear interest from such date at the rate of 7.89% per annum, payable quarterly on the 15th day of each February, May, August and November in each year (commencing August 15, 2001) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on May 15, 2016; and will be substantially in the form attached to the Agreement as Exhibit A-7 with the appropriate insertions to reflect the terms and provisions set forth above.


(iii) Said Series I Notes will be dated the date of issue; will bear interest from such date at the rate of 7.99% per annum, payable quarterly on the 15th day of each February, May, August and November in each year (commencing August 15, 2001) until the principal amount thereof shall become due and payable and shall bear interest on overdue principal (including any overdue optional prepayment of principal) and premium, if any, and, to the extent permitted by law, on any overdue installment of interest at the rate specified therein after the date due for payment, whether by acceleration or otherwise, until paid; will be expressed to mature on May 15, 2013; and will be substantially in the form attached to the Agreement as Exhibit A-7 with the appropriate insertions to reflect the terms and provisions set forth above.

B. Purchase and Sale of Series G Notes, Series H Notes and Series I Notes. The Company hereby agrees to sell to each Supplemental Purchaser set forth on the Supplemental Purchaser Schedule attached hereto (collectively, the “Supplemental Purchasers” ) and, subject to the terms and conditions in the Agreement and herein set forth, each Supplemental Purchaser agrees to purchase from the Company the aggregate principal amount of the Series G Notes, Series H Notes or Series I Notes set opposite each Supplemental Purchaser’s name in the Supplemental Purchaser Schedule at 100% of the aggregate principal amount. The sale of the Series G Notes, Series H Notes and Series I Notes shall take place at the offices of Winston & Strawn, 35 West Wacker Drive, Chicago, Illinois 60601 at 10:00 a.m. Chicago time, at a closing (the “Supplemental Closing” ) on May 24, 2001, or such other date as shall be agreed upon by the Company and each Supplemental Purchaser. At the Supplemental Closing the Company will deliver to each Supplemental Purchaser one or more Series G Notes, Series H Notes or Series I Notes, as the case may be, registered in such Supplemental Purchaser’s name (or in the name of its nominee), evidencing the aggregate principal amount of Series G Notes, Series H Notes or Series I Notes to be purchased by said Supplemental Purchaser and in the denomination or denominations specified with respect to such Supplemental Purchaser in the Supplemental Purchaser Schedule attached hereto against payment of the purchase price thereof by transfer of immediately available funds for credit to the Company’s account on the date of the Supplemental Closing (the “Supplemental Closing Date” ) (as specified in a notice to each Supplemental Purchaser at least three Business Days prior to the Supplemental Closing Date).

C. Conditions of Supplemental Closing. The obligation of each Supplemental Purchaser to purchase and pay for the Series G Notes, Series H Notes or Series I Notes to be purchased by such purchaser hereunder on the Supplemental Closing Date is subject to the satisfaction, on or before such Supplemental Closing Date, of the conditions set forth in Section 3 of the Agreement.

D. Prepayments. The Subsequent Notes shall be subject to prepayment only (a) pursuant to the required prepayments, if any, specified in clause (x) below, and in Section 4C of the Agreement; and (b) pursuant to the optional prepayments permitted by Section 4B of the Agreement.


 

(x)

Required Prepayments; Maturity.

 

 

(i)

Series G Notes. Until the Series G Notes shall be paid in full, the Company shall apply to the prepayment of the Series G Notes, without premium, the designated amounts of principal set forth below (or, if less, the principal amount of the Series G Notes as shall at the time be outstanding) on May 15 in each of the years set forth below, together with interest thereon to the prepayment dates, provided , however , that if the Company shall prepay all or any portion of the Notes pursuant to Section 4B or 4C, or acquire any Series G Notes pursuant to the provisions of Section 4H, each of the principal amount payable at maturity and the principal amount of each required prepayment of the Series G Notes becoming due under this clause (x) on and after the date of such prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of the Series G Notes is reduced as a result of such prepayment or acquisition:

 

PRINCIPAL AMOUNT TO BE PREPAID

  

YEAR OF
PREPAYMENT

$5,300,000

  

2004

$5,300,000

  

2005

$5,300,000

  

2006

$5,300,000

  

2007

$5,300,000

  

2008

The remaining outstanding principal amount of the Series G Notes, together with all interest accrued on the Series G Notes shall become due and payable on May 15, 2008.

 

 

(ii)

Series H Notes . Until the Series H Notes shall be paid in full, the Company shall apply to the prepayment of the Series H Notes, without premium, the designated amounts of principal set forth below (or, if less, the principal amount of the Series H Notes as shall at the time be outstanding) on May 15 in each of the years set forth below, together with interest thereon to the prepayment dates, provided , however , that if the Company shall prepay all or any portion of the Notes pursuant to Section 4B or 4C, or acquire any Series H Notes pursuant to the provisions of Section 4H, each of the principal amount payable at maturity and the principal amount of each required prepayment of the Series H Notes becoming due under this clause (x) on and after the date of such prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of the Series H Notes is reduced as a result of such prepayment or acquisition:

 

PRINCIPAL AMOUNT TO BE PREPAID

  

YEAR OF
PREPAYMENT

$2,500,000

  

2006

$2,500,000

  

2007

$2,500,000

  

2008

$2,500,000

  

2009

$2,500,000

  

2010

$2,500,000

  

2011

$2,500,000

  

2012

$2,500,000

  

2013

$2,500,000

  

2014

$2,500,000

  

2015

$2,500,000

  

2016


The remaining outstanding principal amount of the Series H Notes, together with all interest accrued on the Series H Notes shall become due and payable on May 15, 2016.

 

 

(iii)

Series I Notes . The Series I Notes are not subject to required prepayments prior to their maturity date. The outstanding principal amount of the Series I Notes, together with all interest accrued on the Series I Notes shall become due and payable on May 15, 2013.

 

 

(y)

Optional and Contingent Prepayments . As provided in Sections 4B and 4C of the Agreement.

E. Subsequent Notes Issued under and Pursuant to Agreement. Except as specifically provided above, the Subsequent Notes shall be deemed to be issued under, to be subject to and to have the benefit of all of the terms and provisions of the Agreement as the same may from time to time be amended and supplemented in the manner provided therein.

F. Waiver and Consent regarding certain Sections of Agreement . By its purchase and acceptance of any of the Series G Notes, Series H Notes or Series I Notes, each Supplemental Purchaser shall be deemed to have consented to the acquisition by the Company of certain of the assets of Earth America Company (the “Acquisition” ) for a purchase price, payable in cash and/or earn out options, in an amount not to exceed $29,000,000 and the operation by the Company of the business acquired in the Acquisition, which operation shall include, without limitation, selling (at the Company’s discretion) certain assets purchased in the Acquisition and providing financial support therefor (the activities described above referred to herein, collectively, as the “Acquisition Transactions” ), and each Supplemental Purchaser shall be deemed to have (i) waived the restrictions set forth in Section 6E(v)(iii) and Section 6G of the Agreement to the extent necessary to permit the Company to make Investments from time to time in respect of the Acquisition Transactions and sell certain assets acquired in connection therewith and (ii) consented and agreed that (x) no portion of such Investments shall be counted for purposes of computing the aggregate amounts of Investments under Section 6E(v)(iii) and (y) no sales of such assets shall be counted for purposes of computing the aggregate amounts of Asset Sales under Section 6G.


The execution hereof by the Supplemental Purchasers shall constitute a contract among the Company and the Supplemental Purchasers for the uses and purposes hereinabove set forth. By their acceptance hereof, each of the Supplemental Purchasers shall also be deemed to have accepted and agreed to the terms and provisions of the Agreement, as in effect on the date hereof.

 

HERITAGE OPERATING, L.P.

By Heritage Holdings, Inc., General Partner

By

 

/s/ Larry J. Dagley

Its:

 

Vice President and Chief Financial Officer

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

JOHN HANCOCK LIFE INSURANCE COMPANY

By:

 

 

Name:

 

Title:

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

JOHN HANCOCK VARIABLE LIFE INSURANCE COMPANY

By:

 

 

Name:

 

Title:

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

MELLON BANK, N.A., solely in its capacity as Trustee for the Bell Atlantic Master Trust (as directed by John Hancock Life Insurance Company), and not in its individual capacity

 

By:

 

 

Name:

 

Title:

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

INVESTORS PARTNER LIFE INSURANCE COMPANY

By:

 

 

Name:

 

Title:

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

GENERAL ELECTRIC CAPITAL ASSURANCE COMPANY

By:

 

 

Name:

 

Title:

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

METROPOLITAN LIFE INSURANCE COMPANY

By:

 

 

Name:

 

Title:

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

CONNECTICUT GENERAL LIFE INSURANCE COMPANY

By:

 

 

Name:

 

Title:

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY

By:

 

 

Name:

 

Title:

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

C.M. LIFE INSURANCE COMPANY

By:

 

 

Name:

 

Title:

 


SIGNATURE PAGE TO THE FIRST SUPPLEMENTAL NOTE PURCHASE AGREEMENT

 

The foregoing Agreement is hereby accepted as of the date first above written.

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

By:

 

 

Name:

 

Title:

 


SUPPLEMENTAL PURCHASER SCHEDULE

 

Name of Purchaser

  

Series and Principal Amount
of Notes being Purchased

 

JOHN HANCOCK LIFE INSURANCE COMPANY

  

Series

  

Principal Amount

 

(1)    

  

All payments on account of the Notes or other obligations in accordance with the provisions thereof shall be made by bank wire transfer of immediately available funds for credit, not later than 12 noon, Boston time, to:

 

Fleet Boston

ABA No. 011000390

Boston, Massachusetts 02110

Account of: John Hancock Life Insurance Company

Private Placement Collection Account

Account No. 541-55417

On Order of: Heritage Operating, L.P.

  PPN Number: [Insert]

7.89% Series H Senior Secured Notes due May 15, 2016 in the aggregate principal amount of $27,500,000 and payable to John Hancock Life Insurance Company

  

H

  

$

 

$

9,250,000

 

2,000,000

1  

 

  

(2)

  

Contemporaneous with the above wire transfer, advice setting forth:

 

(a) the full name, interest rate and maturity date of the Notes or other obligations;

 

(b) allocation of payment between principal and interest and any special payment; and

 

(c) name and address of Bank (or Trustee) from which wire transfer was sent shall be delivered or faxed AND mailed to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Investment Accounting

Division, B-3

Fax: (617) 572-0628

  

  

 

1

John Hancock Life Insurance Company is requesting two (2) Series H Senior Secured Notes of $9,250,000 and $2,000,000.


(3)

  

All notices with respect to prepayments, both scheduled and unscheduled, whether partial or in full, and notice of maturity shall be delivered or faxed AND mailed to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Investment Accounting

Division, B-3

Fax: (617) 572-0628

  

  

(4)

  

All other communications which shall include, but not be limited to, financial statements and certificates of compliance with financial covenants, shall be delivered or faxed AND mailed to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Bond and Corporate Finance Group, T-57

Fax: (617) 572-1605

  

  

(5)

  

A copy of any notices relating to change in issuer’s name, address or principal place of business or location of collateral and a copy of any legal opinions shall be delivered or faxed AND mailed to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Investment Law Division, T-30

Fax: (617) 572-9269

  

  

(6)

  

Tax I.D. No.: 04-1414660

  

  

(7)

  

All Notes are to be sent for receipt the day after the closing to:

 

John Hancock Life Insurance Company

200 Clarendon Street., T-30

Boston, Massachusetts 02117

Attention: Amy S. Weed, Esq.

  

  


(8)

  

Promptly after the closing (but no later than one week thereafter), one (1) fully executed original counterpart of the Purchase Agreement (i.e. Note Purchase Agreement, Securities Purchase Agreement, Loan Agreement, Participation Agreement, etc.) is to be sent to:

  

  

  

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Investment Law Paralegal Unit, T-30

  

  

(9)

  

Promptly after the closing (but no later than 2 months thereafter) we require one (1) set of original closing documents AND five (5) sets of conformed copies of the principal operative documents are to be sent to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Investment Law Paralegal Unit, T-30

 

  

  

  

Note : If more than one Hancock or advisory account is participating in this transaction, the requirements set forth in (9) only need to be fulfilled once (i.e., please don’t send 5 conformed copies for each participating account) except where otherwise noted.

  

  


Name of Purchaser

  

Series and Principal Amount
of Notes being Purchased

JOHN HANCOCK VARIABLE LIFE INSURANCE COMPANY

  

Series

  

Principal Amount

(1)

  

All payments on account of the Notes or other obligations in accordance with the provisions thereof shall be made by bank wire transfer of immediately available funds for credit, not later than 12 noon, Boston time, to:

 

Fleet Boston ABA No. 011000390

Boston, Massachusetts 02110

  

H

  

$

1,500,000

  

Account of:

  

John Hancock Life Insurance Company

  

  

  

  

Private Placement Collection Account

  

  

  

Account No.

  

541-55417

  

  

  

On Order of:

  

Heritage Operating, L.P.

PPN Number: [insert]

  

  

  

7.89% Series H Senior Secured Notes due May 15, 2016 in the aggregate principal amount of $27,500,000 and payable to John Hancock Variable Life Insurance Company

  

  

(2)

  

Contemporaneous with the above wire transfer, advice setting forth:

 

(a) the full name, interest rate and maturity date of the Notes or other obligations;

 

(b) allocation of payment between principal and interest and any special payment; and

 

(c) name and address of Bank (or Trustee) from which wire transfer was sent shall be delivered or faxed AND mailed to:

 

John Hancock Variable Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Investment Accounting

Division, B-3

Fax: (617) 572-0628

  

  


(3)

  

All notices with respect to prepayments, both scheduled and unscheduled, whether partial or in full, and notice of maturity shall be delivered or faxed AND mailed to:

 

John Hancock Variable Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Investment Accounting

Division B-3

Fax: (617) 572-0628

  

  

(4)

  

All other communications which shall include, but not be limited to, financial statements and certificates of compliance with financial covenants, shall be delivered or faxed AND mailed to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Bond and Corporate Finance Group, T-57

Fax: (617) 572-1605

  

  

(5)

  

A copy of any notices relating to change in issuer’s name, address or principal place of business or location of collateral and a copy of any legal opinions shall be delivered or faxed AND mailed to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Investment Law Division, T-30

Fax: (617) 572-9269

  

  

(6)

  

Tax I.D. No.: 04-2664016

  

  

(7)

  

All Notes are to be sent for receipt the day after the closing to:

 

John Hancock Life Insurance Company

200 Clarendon Street., T-30

Boston, Massachusetts 02117

Attn: Amy S. Weed, Esq.

  

  


(8)

 

Promptly after the closing (but no later than one week thereafter), one (1) fully executed original counterpart of the Purchase Agreement (i.e. Note Purchase Agreement, Securities Purchase Agreement, Loan Agreement, Participation Agreement, etc.) is to be sent to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attn: Investment Law Paralegal Unit, T-30

  

  

(9)

 

Promptly after the closing (but no later than 2 months thereafter) we require one (1) set of original closing documents AND five (5) sets of conformed copies of the principal operative documents are to be sent to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Investment Law Paralegal Unit, T-30

  

  

 

Note : If more than one Hancock or advisory account is participating in this transaction, the requirements set forth in (9) only need to be fulfilled once (i.e., please don’t send 5 conformed copies for each participating account) except where otherwise noted.

  

  


Name of Purchaser

  

Series and Principal Amount
of Notes being Purchased

MELLON BANK, N.A., TRUSTEE FOR THE BELL ATLANTIC MASTER TRUST

  

Series

  

Principal Amount

(1)

  

All payments on account of the Notes or other obligations in accordance with the provisions thereof shall be made by bank wire transfer of immediately available funds for credit, not later than 12 noon, Boston time, to:

  

H

  

$

2,000,000

  

Boston Safe Deposit and Trust Company

ABA No. 011001234

Account No: DDA: 125261

Ref: Bell Atlantic Master Trust:

NYXF 1783332

7.89% Series H Senior Secured Notes due May 15, 2016 in the aggregate principal amount of $27,500,000 and payable to Mellon Bank, N.A., as Trustee for the Bell Atlantic Master Trust

  

  

(2)

  

Contemporaneous with the above wire transfer, advice setting forth:

 

(a) the full name, interest rate and maturity date of the Notes or other obligations;

 

(b) allocation of payment between principal, interest and any special payment; and

 

(c) name and address of Bank (or Trustee) from which wire transfer was sent, shall be delivered or faxed AND mailed to:

 

Mellon Bank, N.A.

Three Mellon Bank Center, Room 153-3610

Pittsburgh, Pennsylvania 15259-0001

Attention: Principal & Interest Unit

Fax: (412) 236-0120

  

  


(3)

  

All notices with respect to prepayments, both scheduled and unscheduled, whether partial or in full, and notice of maturity shall be delivered or faxed AND mailed to:

 

Mellon Bank, N.A.

Three Mellon Bank Center, Room 153-3610

Pittsburgh, Pennsylvania 15259-0001

Attention: Principal & Interest Unit

Fax: (412) 236-0120

  

  

(4)

  

All other communications which shall include, but not be limited to, financial statements and certificates of compliance with financial covenants, shall be delivered or faxed AND mailed to:

 

John Hancock Life Insurance Company

200 Clarendon Street

Boston, Massachusetts 02117

Attention: Bond and Corporate Finance

Group, T-57

Fax: (617) 572-1605

  

  

 
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