Exhibit 10.1

 

THIRD AMENDMENT TO CREDIT AGREEMENT

 

THIS THIRD AMENDMENT TO CREDIT AGREEMENT (this “Third Amendment”) is made and
entered into as of January 23, 2008, by and among BUCKEYE PARTNERS, L.P., a
Delaware limited partnership (the “Borrower”), the Lenders (as defined below)
party hereto, and SUNTRUST BANK, in its capacity as administrative agent for the
Lenders (the “Administrative Agent”).

 

WITNESSETH:

 

WHEREAS, the Borrower, the several banks and other financial institutions party
thereto (collectively, the “Lenders”) and the Administrative Agent are parties
to that certain Credit Agreement, dated as of November 13, 2006 (as amended,
supplemented and modified from time to time, the “Credit Agreement”; capitalized
terms used herein and not otherwise defined shall have the meanings assigned to
such terms in the Credit Agreement as amended hereby), pursuant to which the
Lenders have made certain financial accommodations available to the Borrower;
and

 

WHEREAS, Farm & Home Oil Company, a Pennsylvania corporation (“F&H Inc.”) is a
party to that certain Amended and Restated Loan and Security Agreement, dated as
of December 22, 2006 as amended through the date hereof (the “F&H Facility”),
among F&H Inc., Univest National Bank and Trust Co., as agent thereunder, and
certain other parties thereto, pursuant to which F&H Inc. (a) has Debt
outstanding and (b) has granted Liens against certain of its assets; and

 

WHEREAS, Buckeye Energy Holdings LLC, a Delaware limited liability company and a
Restricted Subsidiary of the Borrower (“BEH”), and certain other parties entered
into a Purchase Agreement, dated as of December 21, 2007 (the “Purchase
Agreement”), pursuant to which, among other things and subject to certain
conditions, F&H Inc. will merge with and into Farm & Home Oil Company LLC, a
Pennsylvania limited liability company (“F&H”), with F&H surviving such merger,
and BEH will purchase all of the outstanding member interests in F&H; and

 

WHEREAS, the Borrower has requested that the Lenders and the Administrative
Agent amend certain provisions of the Credit Agreement to permit BEH, Buckeye
Energy Services LLC, a Delaware limited liability company and a Restricted
Subsidiary of the Borrower (“BES”), and, after consummation of the transactions
contemplated by the Purchase Agreement, F&H, to incur certain Debt and Liens,
including the F&H Facility and related Liens, and any supplements or
refinancings thereof, and to make certain other changes to the Credit Agreement
all on the terms set forth herein, and subject to the terms and conditions
hereof, the Lenders are willing to do so;

 

NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt
of all of which are acknowledged, the Borrower, the Lenders and the
Administrative Agent agree as follows:

 

--------------------------------------------------------------------------------

 

1.                                       Amendments.

 

(a)                                  Section 1.01 of the Credit Agreement is
hereby amended by adding the following new definitions of “BEH”, “BES”, “F&H”,
“F&H Closing”, “F&H Inc.”, “Hedged Eligible Inventory”, “Intermediate
Investments”, “Intermediate Loans”, “Marketing Loans”, “Marketing Loan
Documents”, “Third Amendment” and “Third Amendment Closing Date” in the
appropriate alphabetical order and by replacing the definition of “Funded Debt”
in its entirety with the following:

 

“BEH” shall mean Buckeye Energy Holdings LLC, a Delaware limited liability
company and a Restricted Subsidiary of the Borrower.

 

“BES” shall mean Buckeye Energy Services LLC, a Delaware limited liability
company and a Restricted Subsidiary of the Borrower.

 

“F&H” shall mean Farm & Home Oil Company LLC, a Pennsylvania limited liability
company and a Restricted Subsidiary of the Borrower.

 

“F&H Closing” shall mean the consummation of the transactions contemplated by
that certain Purchase Agreement dated as of December 21, 2007, among BEH and
certain other parties, pursuant to which, among other things and subject to
certain conditions, F&H Inc. will merge with and into F&H, with F&H surviving
such merger, and BEH will purchase all of the membership interests in F&H.

 

“F&H Inc.” shall mean Farm & Home Oil Company, a Pennsylvania corporation and
the predecessor to F&H.

 

 “Funded Debt” shall mean for any Person, Debt of such Person and its
Consolidated Subsidiaries (other than the type described in subsection (xiii) of
the definition of Debt), less all obligations of such Person and its
Consolidated Subsidiaries to pay the deferred purchase price of Property or
services obtained in the ordinary course of business, in each case as determined
on a consolidated basis in accordance with GAAP; provided, however, that for the
purposes of calculating the Funded Debt Ratio, Funded Debt will exclude (to the
extent otherwise included in Funded Debt) (i) an amount of Hybrid Securities not
to exceed 15% of Consolidated Total Capitalization, (ii) the lesser of (a) 90%
of the value of the Hedged Eligible Inventory of the Marketing Entities plus 70%
of the outstanding accounts receivable of the Marketing Entities (so long as
such accounts receivable have no more than 30-day terms and are not more than 30
days past due), or (b) the amount outstanding under the Marketing Loans,
(iii) performance bonds issued by, and letter of credit reimbursement
obligations incurred by, any Marketing Entities (and guarantees thereof by the
Borrower) with respect to fuel tax liabilities of the Marketing Entities and
obligations of the Marketing Entities under

 

--------------------------------------------------------------------------------

 

product purchase and/or supply agreements, in an aggregate amount not to exceed
$50,000,000 and (iv) Intermediate Loans in an aggregate amount not to exceed
$5,000,000.

 

“Hedged Eligible Inventory” shall mean Petroleum Products with respect to which
the value has been effectively hedged on a net hedge basis for delivery within
the next 180 days by either (i) a NYMEX contract or an over-the-counter
contract, which hedging contract may be subject to Liens securing the Marketing
Loans, or (ii) a contract for physical delivery to an investment-grade
counterparty or other counterparty that is reasonably acceptable to the
Administrative Agent; provided, however, that Petroleum Products that would
constitute Hedged Eligible Inventory except that such inventory has been hedged
for delivery within the next 365 days but more than 180 days out (the “Long Term
Hedged Inventory”) shall be included as Hedged Eligible Inventory to the extent
such Long Term Hedged Inventory does not exceed 10% of the total Hedged Eligible
Inventory.

 

“Intermediate Investments” shall mean loans and advances made by one or more of
the Marketing Entities to retail distributors of transportation fuels in
connection with the Intermediate Loans.

 

“Intermediate Loans” shall mean Debt incurred by the Marketing Entities and owed
to major oil companies to, among other things, make Intermediate Investments.

 

“Marketing Entities” shall mean, collectively, BEH, BES, F&H and their
Subsidiaries.

 

“Marketing Loans” shall mean Debt in the aggregate principal amount of up to
$250,000,000 incurred by one or more of the Marketing Entities to finance
working capital and for general corporate purposes (either through assumption of
the F&H Facility (as defined in the Third Amendment) and/or through one or more
new credit facilities).  For the avoidance of doubt, the Marketing Loans shall
be non-recourse to the Borrower and all of its Subsidiaries other than the
Marketing Entities.

 

“Marketing Loan Documents” shall mean the credit agreements and related
documents governing the Marketing Loans.

 

“Petroleum Products” means crude oil, condensate, natural gas, natural gas
liquids (NGL’s), liquefied petroleum gases (LPG’s), refined petroleum products,
bio-fuels or any blend thereof.

 

 “Third Amendment” shall mean that certain Third Amendment to Credit Agreement,
dated as of the Third Amendment Closing Date, by and among the Borrower and
certain of the lenders party thereto.

 

--------------------------------------------------------------------------------

 

“Third Amendment Closing Date” shall mean January 23, 2008.

 

(b)                                 Section 8.01 of the Credit Agreement is
hereby amended by adding the following as new subsections (i), (j) and (k):

 

(i)                                     Marketing Entities Hedging Report. 
Promptly and no later than 15 days after the end of each fiscal month of the
Borrower, a report describing the hedging agreements to which the Marketing
Entities are parties, including the following information: (a) the type of
product, (b) volume, (c) location, (d) schedule of inventory hedges in place
(with counterparties and maturity dates) and (e) such other detailed information
regarding such hedges as reasonably requested by the Administrative Agent.

 

(j)                                     Marketing Entities Receivables Report.  
Promptly and no later than 15 days after the end of each fiscal month of the
Borrower, an accounts receivables aging report for the Marketing Entities.

 

(k)                                  Marketing Entities Borrowing Base
Reporting.  As soon as available and in any event within the time periods
required thereunder, copies of any borrowing base reporting required under the
Marketing Loan Documents and any other reports related thereto that the
Administrative Agent may reasonably request.

 

(C)                                  SECTION 9.01 OF THE CREDIT AGREEMENT IS
HEREBY AMENDED BY DELETING THE WORD “AND” FROM THE END OF SUBSECTION (H), BY
REMOVING THE PERIOD AND ADDING A SEMICOLON AT THE END OF SUBSECTION (I) AND BY
ADDING THE FOLLOWING SUBSECTIONS (J), (K), (L) AND (M) TO SUCH SECTION:

 

(j)  The Marketing Loans;

 

(k)  From and after the F&H Closing, Intermediate Loans in an aggregate amount
not to exceed $5,000,000 at any one time outstanding;

 

(l)  From and after the F&H Closing, equipment lease obligations incurred by the
Marketing Entities in an aggregate amount not to exceed $5,000,000 at any one
time; and

 

(m)  From and after the F&H Closing, performance bonds in an aggregate amount
not to exceed $50,000,000 issued by the Marketing Entities in the ordinary
course of business, and guarantees thereof by the Borrower.

 

(d)                                 Section 9.02 of the Credit Agreement is
hereby amended by deleting the word “and” from the end of subsection (d), by
removing the period and adding a semicolon at the end of subsection (e) and by
adding the following subsections (f), (g) and (h) to such Section:

 

--------------------------------------------------------------------------------

 

(f)                                    Liens solely on the assets of the
Marketing Entities securing the Marketing Loans;

 

(g)                                 Liens on the Intermediate Investments
securing the Intermediate Loans permitted under Section 9.01(k); and

 

(h)                                 Liens securing Debt of the Marketing
Entities permitted under Section 9.01(l); provided,  that any such Lien shall
not extend to any Property other than the Property whose acquisition is financed
by such Debt.

 

(e)                                  Section 9.03 of the Credit Agreement is
hereby amended by deleting subsections (g) and (h) thereof and replacing such
subsections in their entirety with the following new subsections (g) and (h),
adding a “; and” at the end of subsection (i), and adding a new subsection
(j) to such Section:

 

(g)                                 investments, loans or extensions of credit
made in or to the Borrower or any Restricted Subsidiary;

 

(h)                                 investments, loans or extensions of credit
in or to any Person (other than the Borrower or any Restricted Subsidiary) not
to exceed $100,000,000 in the aggregate at any time outstanding;

 

(j)                                     the Intermediate Investments.

 

(f)  Section 9.07 is hereby amended by replacing such section in its entirety
with the following:

 

Section 9.07. Restrictive Agreements.

 

The Borrower will not, and will not permit any Restricted Subsidiary to,
directly or indirectly, enter into, incur or permit to exist any agreement that
prohibits, restricts or imposes any condition upon the ability of any such
Restricted Subsidiary to declare or pay dividends or distributions to holders of
its equity interests, to make or repay loans or advances to the Borrower or any
other Restricted Subsidiary, to guarantee Debt of the Borrower or any other such
Restricted Subsidiary or to transfer any of its property or assets to the
Borrower or any such Restricted Subsidiary; provided, that (A) the foregoing
shall not apply to restrictions or conditions imposed by law, this Agreement or
any other Loan Document, the Note Agreements, the Indenture (in the case of the
Note Agreements and the Indenture, as in effect on the date hereof), any Hybrid
Securities, or to the extent such restrictions or conditions apply only to the
Marketing Entities, the Marketing Loan Documents, and (B) the foregoing shall
not apply to customary restrictions and conditions contained in agreements
relating to the sale of any Restricted Subsidiary of the Borrower pending such
sale, provided such restrictions and conditions

 

--------------------------------------------------------------------------------

 

apply only to the Restricted Subsidiary that is sold and such sale is permitted
hereunder.

 

(f)  Section 9.16 is hereby amended by replacing such section in its entirety
with the following:

 

Section 9.16. Transactions with Affiliates.

 

The Borrower will not, and will not cause or permit any Guarantor or any
Restricted Subsidiary to enter into any transaction, including, without
limitation, any purchase, sale, lease or exchange of Property or the rendering
of any service, with any Affiliate unless such transactions (i) are otherwise
permitted under this Agreement, (ii) are solely between or among the Restricted
Subsidiaries or the Borrower and one or more Restricted Subsidiaries or
(iii) are in the ordinary course of its business and are upon fair and
reasonable terms no less favorable to it than it would obtain in a comparable
arm’s length transaction with a Person not an Affiliate; provided, however, that
the foregoing shall not prohibit or prevent the Borrower, any Guarantor or any
Restricted Subsidiary from performing under any agreement in effect on the date
hereof.

 

(g)                                 Exhibit D-1 of the Credit Agreement is
hereby amended by replacing such Exhibit in its entirety with the
Exhibit D-1 attached hereto.

 

(h)                                 Schedule 7.14 of the Credit Agreement is
hereby amended by replacing such Schedule in its entirety with the Schedule 7.14
attached hereto.

 

(i)                                     Schedule 7.22 of the Credit Agreement is
hereby amended by replacing such Schedule in its entirety with the Schedule 7.22
attached hereto.

 

2.                                       Conditions to Effectiveness of this
Third Amendment. Notwithstanding any other provision of this Third Amendment and
without affecting in any manner the rights of the Lenders hereunder, it is
understood and agreed that this Third Amendment shall not become effective, and
the Borrower shall have no rights under this Third Amendment, until the
Administrative Agent shall have received (i) reimbursement or payment of its
costs and expenses incurred in connection with the preparation, execution and
delivery of this Third Amendment, including, without limitation, the reasonable
fees and out-of-pocket expenses of outside counsel for the Administrative Agent
with respect thereto and (ii) executed counterparts to this Third Amendment from
the Borrower, the Guarantors and the Required Lenders as well as additional
promissory notes, and other loan documents as the Administrative Agent may
reasonably request.

 

3.                                       Representations and Warranties.  To
induce the Lenders and the Administrative Agent to enter into this Third
Amendment, each of the Borrower, the General Partner and the Guarantors
(collectively, the “Loan Parties”) hereby represents and warrants to the Lenders
and the Administrative Agent that:

 

--------------------------------------------------------------------------------

 

(a)                                  The execution and delivery by such Loan
Party of this Third Amendment and the performance of this Third Amendment and
the Credit Agreement as amended hereby (i) are within such Loan Party’s power
and authority; (ii) have been duly authorized by all necessary partnership,
limited liability company, partner and/or member action; (iii) are not in
contravention of any provision of such Loan Party’s certificate of formation,
certificate of partnership, partnership agreement, operating agreement or other
organizational documents; (iv) do not violate any law or regulation, or any
order or decree of any Governmental Authority; (v) do not conflict with or
result in the breach or termination of, constitute a default under or accelerate
any performance required by, any indenture, mortgage, deed of trust, lease,
agreement or other instrument to which such Loan Party or any of its
Subsidiaries is a party or by which such Loan Party or any such Subsidiary or
any of their respective property is bound; (vi) do not result in the creation or
imposition of any Lien upon any of the property of such Loan Party or any of its
Subsidiaries; and (vii) do not require the consent or approval of any
Governmental Authority or any other Person;

 

(b)                                 This Third Amendment has been duly executed
and delivered for the benefit of or on behalf of each Loan Party and constitutes
a legal, valid and binding obligation of each Loan Party, enforceable against
such Loan Party in accordance with its terms except as the enforceability hereof
may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance,
moratorium and other similar laws of general application relating to or
affecting creditors’ rights and general principles of equity; and

 

(c)                                  After giving effect to this Third
Amendment, the representations and warranties contained in the Credit Agreement
and the other Loan Documents are true and correct in all material respects, and
no Default or Event of Default has occurred and is continuing as of the Third
Amendment Closing Date.

 

4.                                       Reaffirmations and Acknowledgments.

 

Each Guarantor consents to the execution and delivery by the Borrower of this
Third Amendment and jointly and severally ratifies and confirms the terms of its
Guaranty with respect to the Debt now or hereafter outstanding under the Credit
Agreement as amended hereby and all promissory notes issued thereunder. Each
Guarantor acknowledges that, notwithstanding anything to the contrary contained
herein or in any other document evidencing any Debt of the Borrower to the
Lenders or any other obligation of the Borrower, or any actions now or hereafter
taken by the Lenders with respect to any obligation of the Borrower, its
Guaranty (i) is and shall continue to be a primary obligation of such Guarantor,
(ii) is and shall continue to be an absolute, unconditional, joint and several,
continuing and irrevocable guaranty of payment, and (iii) is and shall continue
to be in full force and effect in accordance with its terms.  Nothing contained
herein to the contrary shall release, discharge, modify, change or affect the
original liability of the Guarantors under the Guaranties.

 

5.                                       Effect of Amendment.  Except as set
forth expressly herein, all terms of the Credit Agreement, as amended hereby,
and the other Loan Documents shall be and

 

--------------------------------------------------------------------------------

 

remain in full force and effect and shall constitute the legal, valid, binding
and enforceable obligations of the Borrower to the Lenders and the
Administrative Agent.  The execution, delivery and effectiveness of this Third
Amendment shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of the Lenders under the Credit Agreement, nor
constitute a waiver of any provision of the Credit Agreement.  This Third
Amendment shall constitute a Loan Document for all purposes of the Credit
Agreement.

 

6.                                       Governing Law.   This Third Amendment
shall be governed by, and construed in accordance with, the internal laws of the
State of New York and all applicable federal laws of the United States of
America.

 

7.                                       No Novation.  This Third Amendment is
not intended by the parties to be, and shall not be construed to be, a novation
of the Credit Agreement or an accord and satisfaction in regard thereto.

 

8.                                       Counterparts.  This Third Amendment may
be executed by one or more of the parties hereto in any number of separate
counterparts, each of which shall be deemed an original and all of which, taken
together, shall be deemed to constitute one and the same instrument.  Delivery
of an executed counterpart of this Third Amendment by facsimile transmission or
by electronic mail in pdf form shall be as effective as delivery of a manually
executed counterpart hereof.

 

9.                                       Costs and Expenses.  The Borrower
agrees to pay on demand all reasonable costs and expenses of the Administrative
Agent in connection with the preparation, execution and delivery of this Third
Amendment, including, without limitation, the reasonable fees and out-of-pocket
expenses of outside counsel for the Administrative Agent with respect thereto.

 

10.                                 Binding Nature.  This Third Amendment shall
be binding upon and inure to the benefit of the parties hereto, their respective
successors, successors-in-titles, and assigns.

 

11.                                 Entire Understanding.  This Third Amendment
sets forth the entire understanding of the parties with respect to the matters
set forth herein, and shall supersede any prior negotiations or agreements,
whether written or oral, with respect thereto.

 

[Signature Pages To Follow]

 

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.

 

 

BORROWER:

BUCKEYE PARTNERS, L.P.

 

 

 

 

 

By:

Buckeye GP LLC, its general partner

 

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

     Name: Vance E. Powers

 

 

       Title: Acting Chief Financial Officer

 

 

 

 

 

 

 

 

GUARANTORS:     BUCKEYE PIPE LINE
COMPANY, L.P.

 

 

 

 

 

By

MAINLINE L.P.

 

 

 

its General Partner

 

 

 

 

 

 

 

By

MAINLINE GP, INC.

 

 

 

 

its General Partner

 

 

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

BUCKEYE PIPE LINE HOLDINGS, L.P.

 

 

 

 

 

By

MAINLINE L.P.

 

 

 

its General Partner

 

 

 

 

 

 

 

By

MAINLINE GP, INC.

 

 

 

 

its General Partner

 

 

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

BUCKEYE GULF COAST HOLDINGS I, LLC

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

--------------------------------------------------------------------------------

 

 

BUCKEYE GULF COAST HOLDINGS II, LLC

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

BUCKEYE GULF COAST PIPE LINES, L.P.

 

 

 

 

 

By

BUCKEYE GULF COAST HOLDINGS I, LLC

 

 

 

its General Partner

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

 

 

BUCKEYE TERMINALS, LLC

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

NORCO PIPE LINE COMPANY, LLC

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

EVERGLADES PIPE LINE COMPANY, L.P.

 

 

 

 

 

By

MAINLINE L.P.

 

 

 

its General Partner

 

 

 

 

 

 

 

By

MAINLINE GP, INC.

 

 

 

 

its General Partner

 

 

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

--------------------------------------------------------------------------------

 

 

WOOD RIVER PIPE LINES LLC

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

BUCKEYE PIPE LINE TRANSPORTATION LLC

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

BUCKEYE TEXAS PIPE LINE COMPANY, L.P.

 

 

 

 

 

By

BUCKEYE GULF COAST HOLDINGS I, LLC

 

 

 

its General Partner

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

BUCKEYE NGL PIPE LINES LLC

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

 

 

 

FERRYSBURG TERMINAL, LLC

 

 

 

 

 

 

 

By:

/s/ Vance E. Powers

 

 

 

 

   Name: Vance E. Powers

 

 

 

 

   Title:   Acting Chief Financial Officer

 

 

--------------------------------------------------------------------------------

 

LENDER, ISSUING BANK

 

 

AND AGENT:

SUNTRUST BANK

 

 

 

 

 

By:

/s/ Carmen J. Malizia

 

 

 

Name: Carmen J. Malizia

 

 

 

Title: Vice President

 

 

--------------------------------------------------------------------------------

 

 

BANK OF AMERICA, N.A.

 

 

 

 

 

By:

/s/ Adam H. Fey

 

 

 

Name: Adam H. Fey

 

 

 

Title: Vice President

 

 

--------------------------------------------------------------------------------

 

 

CITIBANK, N.A.

 

 

 

 

 

By:

/s/ Todd J. Mogil

 

 

 

Name: Todd J. Mogil

 

 

 

Title:   Attorney-in-fact

 

 

--------------------------------------------------------------------------------

 

 

BNP PARIBAS

 

 

 

 

 

By:

/s/ Mark A. Cox

 

 

 

Name: Mark A. Cox

 

 

 

Title:   Managing Director

 

 

 

 

 

 

 

 

BNP PARIBAS

 

 

 

 

 

By:

/s/ Richard Hawthorne

 

 

 

Name: Richard Hawthorne

 

 

 

Title:  Vice President

 

 

--------------------------------------------------------------------------------

 

 

JPMORGAN CHASE BANK, N.A.

 

 

 

 

 

By:

/s/ Kenneth J. Fatur

 

 

 

Name: Kenneth J. Fatur

 

 

 

Title:   Senior Vice President

 

 

--------------------------------------------------------------------------------

 

 

WACHOVIA BANK, NATIONAL ASSOCIATION

 

 

 

 

 

By:

/s/ Paul Pritchett

 

 

 

Name: Paul Pritchett

 

 

 

Title:   Vice President

 

 

--------------------------------------------------------------------------------

 

 

DEUTSCHE BANK AG NEW YORK BRANCH

 

 

 

 

 

By:

/s/ Marcus Tarkington

 

 

 

Name: Marcus Tarkington

 

 

 

Title:   Director

 

 

 

 

 

 

 

 

By:

/s/ Rainer Meier

 

 

 

Name: Rainer Meier

 

 

 

Title:   Vice President

 

 

--------------------------------------------------------------------------------

 

 

THE ROYAL BANK OF SCOTLAND plc

 

 

 

 

 

By:

/s/ John Preece

 

 

 

Name: John Preece

 

 

 

Title:  Vice President

 

 

--------------------------------------------------------------------------------

 

 

THE BANK OF TOKYO-MITSUBISHI UFJ,

 

 

LTD., HOUSTON AGENCY

 

 

 

 

 

By:

/s/ Kelton Glasscock

 

 

 

Name: Kelton Glasscock

 

 

 

Title:  Vice President & Manager

 

 

--------------------------------------------------------------------------------

 

 

MORGAN STANLEY BANK

 

 

 

 

 

By:

/s/ Daniel Twenge

 

 

 

Name: Daniel Twenge

 

 

 

Title:  Authorized Signatory

 

 

--------------------------------------------------------------------------------

 

 

WELLS FARGO BANK, N.A.

 

 

 

 

 

By:

/s/ Sushim R. Shah

 

 

 

Name: Sushim R. Shah

 

 

 

Title: VP and Senior Relationship Manager

 

 

--------------------------------------------------------------------------------

 

 

UBS LOAN FINANCE LLC

 

 

 

 

 

By:

/s/ Irja R. Otsa

 

 

 

Name: Irja R. Otsa

 

 

 

Title:   Associate Director

 

 

 

 

 

By:

/s/ Mary E. Evans

 

 

 

Name: Mary E. Evans

 

 

 

Title:   Associate Director

 

 

--------------------------------------------------------------------------------

 

 

MERRILL LYNCH BANK USA

 

 

 

 

 

By:

/s/ Derek Befus

 

 

 

Name: Derek Befus

 

 

 

Title:  Vice President

 

 

--------------------------------------------------------------------------------

 

 

WILLIAM STREET CREDIT CORPORATION

 

 

 

 

 

By:

/s/ Mark Walton

 

 

 

Name: Mark Walton

 

 

 

Title: Assistant Vice-President

 

 

--------------------------------------------------------------------------------

 

 

LEHMAN BROTHERS BANK, FSB

 

 

 

 

 

By:

/s/ Janine Shugan

 

 

 

Name: Janine Shugan

 

 

 

Title:   Authorized Signatory

 

 

--------------------------------------------------------------------------------

 

EXHIBIT D-1

 

RESTRICTED SUBSIDIARIES

AS OF THE DATE HEREOF

 

Buckeye Pipe Line Company, L.P.

Buckeye Pipe Line Holdings, L.P.

Buckeye Gulf Coast Holdings I, LLC

Buckeye Gulf Coast Holdings II, LLC

Buckeye Gulf Coast Pipe Lines, L.P.

Buckeye Terminals, LLC

NORCO Pipe Line Company, LLC

Everglades Pipe Line Company, L.P.

Laurel Pipe Line Company, L.P.

Wood River Pipe Lines LLC

Buckeye Pipe Line Transportation LLC

Buckeye Texas Pipe Line Company, L.P.

Buckeye NGL Pipe Lines LLC

Ferrysburg Terminal, LLC

Buckeye Gas Storage LLC

Lodi Gas Storage, L.L.C.

Lodi Development, L.L.C.

WesPac Pipelines – Reno, LLC

Buckeye Energy Holdings LLC

Buckeye Energy Services LLC

Buckeye Mexico Holdings LLC

Farm & Home Oil Company*

 

--------------------------------------------------------------------------------

* This entity will become a Restricted Subsidiary upon the F&H Closing.

 

--------------------------------------------------------------------------------