Exhibit 10(d)

 
FIRST AMENDMENT
 
This FIRST AMENDMENT dated as of June __, 2008 (this “First Amendment”) to the
AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 29, 2007 (the “Credit
Agreement”) among TRUNKLINE LNG HOLDINGS LLC, a Delaware limited liability
company (the “Borrower”), PANHANDLE EASTERN PIPE LINE COMPANY, LP, a Delaware
limited partnership (“Panhandle Eastern”), CROSSCOUNTRY CITRUS, LLC, a Delaware
limited liability company (“CCC”), the financial institutions parties thereto as
Banks (collectively, the “Banks” and, individually, a “Bank”); BAYERISCHE HYPO-
UND VEREINSBANK AG, NEW YORK BRANCH (“HVB”), in its capacity as administrative
agent (together with its successors and assigns in such capacity, the
“Administrative Agent”) for the Banks, Bank of America, N.A. as the Syndication
Agent, JP Morgan Chase Bank, N.A., Bayerische Landesbank, New York Branch and
Mizuho Corporate Bank Ltd, as the Co-Document Agents and UniCredit Markets &
Investment Bank acting through HVB and Banc of America Securities LLC as the
joint lead arrangers and joint book managers.
 
RECITALS:
 
WHEREAS, the Borrower, Administrative Agent and the Majority Banks wish to amend
the Credit Agreement as set forth herein;
 
NOW, THEREFORE, in consideration of the premises and the agreements, provisions
and covenants herein contained, the parties hereto agree as follows:
 
ARTICLE 1. DEFINITIONS
 
1.1. Definitions.  Terms used but not otherwise defined shall have the meanings
given to such terms in the Credit Agreement.
 
ARTICLE 2. AMENDMENTS
 
2.1. Prepayments.  Section 2.5(b) of the Credit Agreement is hereby amended by
adding the following text at the end of the last sentence thereof, before the
period (“.”):
 
; provided further that Borrower shall receive a credit against any mandatory
prepayments due under this Section 2.5(b) in the amount of, and any such
mandatory prepayments shall be reduced by, the aggregate amount of voluntary
prepayments made by Borrower pursuant to Section 2.5(a) hereof prior to the due
date of any such mandatory prepayments, until such voluntary prepayments have
been fully credited for such purpose.

2.2. Financial Statements and Information.  Section 5.1 of the Credit Agreement
is hereby amended by adding the following text after subsection 5.01(c) as a new
subsection 5.01(d):
 
(d)           as soon as available, and in any event within 60 days after the
end of each quarterly accounting period in each fiscal year of the Borrower, a
reconciliation of its voluntary and mandatory prepayments through the end of
such period, substantially in the form of the attached Form of Prepayment
Certificate attached as Exhibit C;
 

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and existing subsections 5.01(d) and 5.01(e) shall change to subsections (e) and
(f).  Upon the execution of this First Amendment the Form of Prepayment
Certificate attached hereto as Exhibit C shall become Exhibit C to the Credit
Agreement.  
 
ARTICLE 3. AMENDMENT TO INTER-COMPANY NOTE
 
The Administrative Agent and the Majority Banks hereby consent and agree, for
the purposes of Section 7.11 of the Credit Agreement, to the amendment of the
Inter-Company Note in the executed form attached hereto as Exhibit D.  Upon the
execution of this First Amendment Exhibit D hereto shall become Exhibit D to the
Credit Agreement, and the Inter-Company Note as so amended shall become
effective as of the date of effectiveness of this First Amendment pursuant to
Article 4 hereof.
 
ARTICLE 4. CONDITIONS TO EFFECTIVENESS
 
The effectiveness of this First Amendment shall be subject to the satisfaction
of each of the following conditions precedent:
 
4.1. Execution.  The Administrative Agent shall have executed this First
Amendment and the Borrower and representatives of the Majority Banks shall have
delivered to the Administrative Agent duly executed counterparts of this First
Amendment.
 
4.2. Representations and Warranties.  The Borrower shall have confirmed to the
Administrative Agent by its signature below that (a) all representations and
warranties made by each Loan Party shall be true and correct as of the effective
date of this First Amendment (unless such representation or warranty release
solely to an earlier date, in which case it shall have been true and correct as
of such earlier date); and (b) no Default or Event of Default has occurred and
is continuing as of the effective date of this First Amendment.
 
ARTICLE 5. MISCELLANEOUS
 
5.1. Execution of the Amendment.  This Amendment is executed and shall be
construed as a First Amendment to the Credit Agreement and as provided in the
Credit Agreement this First Amendment forms a part thereof as amended hereby in
full force and execution.
 
5.2. Ratification.  Each of the Loan Documents shall continue to be in full
force and effect and are hereby ratified in all respects.
 
5.3. No Waiver.  This First Amendment is made in amendment and modification of,
but not extinguishment of, the obligations set forth in the Credit Agreement and
the other Loan Documents, and except as specifically modified pursuant to the
terms of this First Amendment, the terms and conditions of the Credit Agreement
and the other Loan Documents remain in full force and effect.  Nothing herein
shall limit in any way the rights and remedies of the Administrative Agent and
the Banks under the Credit Agreement and the other Loan Documents. The
execution, delivery and performance by the Administrative Agent and the other
parties hereto of this First Amendment shall not constitute a waiver,
forbearance or other indulgence with respect to any Default or Event of Default
(except as expressly set forth in Article 3 above) now existing or hereafter
arising.
 

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5.4. Severability.  In case any provision in or obligation hereunder shall be
invalid, illegal or unenforceable in any jurisdiction, the validity, legality
and enforceability of the remaining provisions or obligations, or of such
provision or obligation in any other jurisdiction, shall not in any way be
affected or impaired thereby.
 
5.5. Headings.  Section headings herein are included herein for convenience of
reference only and shall not constitute a part hereof for any other purpose or
be given any substantive effect.
 
5.6. APPLICABLE LAW.  THIS FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF
LAWS PRINCIPLES THEREOF.
 
5.7. Counterparts; Electronic Transmission of Signatures.  This First Amendment
may be signed in separate counterparts, each of which when taken together shall
constitute but one and the same instrument.  The parties agree that this First
Agreement will be considered signed by a party when such party’s signature is
delivered by facsimile or electronic mail transmission to the
counterparty.  Such facsimile or electronic mail signature shall be treated in
all respects as having the same effect as an original signature.
 

 
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NEWY1\8247440.5
 
 

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IN WITNESS WHEREOF, the parties hereto, by their respective officers thereunto
duly authorized, have executed this Agreement on the dates set forth below to be
effective as of the date all signature pages are executed and delivered.
 

 
TRUNKLINE LNG HOLDINGS LLC
as Borrower
 
 
By:
  _______________________________  
Name:
   
Title:
   
 
PANHANDLE EASTERN PIPE LINE COMPANY, LP
as a Guarantor
 
 
By:
  _______________________________  
Name:
   
Title:
   
 
CROSSCOUNTRY CITRUS, LLC
as a Guarantor
 
 
By:
______________________________  
Name:
   
Title:
       

[Signature Page to the First Amendment]
 

NEWY1\8247440.5
 
 

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BAYERISCHE HYPO- UND VEREINSBANK AG, NEW YORK BRANCH
as a Bank and as the Administrative Agent for the Banks
 
 
By:
  __________________________________  
Name:
   
Title:
   
 
By:
 
 ______________________________
 
Name:
   
Title:
 

[Signature Page to the First Amendment]
 

NEWY1\8247440.5
 
 

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BANK OF AMERICA, N.A.,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
       

[Signature Page to the First Amendment]
 

 

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JPMORGAN CHASE BANK, N.A.,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
   

[Signature Page to the First Amendment]
 
 

 

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BAYERISCHE LANDESBANK, NEW YORK BRANCH,
as a Bank
 
 
By: __________________________________
 
Name: 
 
Title: 
     
By: __________________________________
 
Name:  
 
Title: 

 

 

 

 

 

 

 

 

 

 

 

 

 
[Signature Page to the First Amendment]
 

 

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CALYON NEW YORK BRANCH,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
     
By: ___________________________________
 
Name:
 
Title:

 
 
 
 
 
 
 
 
 
 
[Signature Page to the First Amendment]
 
 
 

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MIZUHO CORPORATE BANK, LTD.,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
   

 

 

 

 

 

 

 

 

 

 

 

 

 

 
[Signature Page to the First Amendment]
 
 
 

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MALAYAN BANKING BERHAD, NEW YORK BRANCH,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
   

 

 

 

[Signature Page to the First Amendment]
 

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SUNTRUST BANK,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
   

[Signature Page to the First Amendment]
 

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
   

[Signature Page to the First Amendment]
 

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NATIONAL BANK OF EGYPT, NEW YORK BRANCH,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
   

[Signature Page to the First Amendment]
 

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WELLS FARGO BANK, N.A.,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
   

[Signature Page to the First Amendment]
 

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UMB BANK, N.A.,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
   

[Signature Page to the First Amendment]
 

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TAIPEI FUBON COMMERCIAL BANK CO., LTD.,
as a Bank
 
 
By: ___________________________________
 
Name:
 
Title:
   

[Signature Page to the First Amendment]
 

NEWY1\8247440.5
 
 

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Exhibit C
 
Trunkline LNG Holdings LLC
                   
Quarterly Certificate of Voluntary and Mandatory Prepayments
             
Delivered in compliance with Section 5.1 of the Amended and Restated Credit
Agreement dated as of June 29, 2007
                           
Fiscal Quarter Ending:
 
6/30/2008
9/30/2008
12/31/2008
3/31/2009
6/30/2009
9/30/2009
12/31/2009
3/31/2010
6/30/2010
                     
Voluntary Prepayment Credit balance
                   
     at beginning of quarter
                                         
Voluntary Prepayments made
                   
     during the quarter
                                         
Mandatory Prepayment requirement
                   
     per Section 2.5 b.
                                         
Amount of Mandatory Prepayment
                   
     paid in the quarter
                                         
Amount of Mandatory Prepayment offset
                   
     against Voluntary Prepayment Credit
                                                               
Voluntary Prepayment Credit balance
                   
     at end of quarter
                                                               
Fiscal Quarter Ending:
 
9/30/2010
12/31/2010
3/31/2011
6/30/2011
9/30/2011
12/31/2011
3/31/2012
6/30/2012
                       
Voluntary Prepayment Credit balance
                   
     at beginning of quarter
                                         
Voluntary Prepayments made
                   
     during the quarter
                                         
Mandatory Prepayment requirement
                   
     per Section 2.5 b.
                                         
Amount of Mandatory Prepayment
                   
     paid in the quarter
                                         
Amount of Mandatory Prepayment offset
                   
     against Voluntary Prepayment Credit
                                         
Voluntary Prepayment Credit balance
                   
     at end of quarter
                   

NEWY1\8247440.5
 
 

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