Exhibit 10.1

 

EXECUTION VERSION

 

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED SENIOR SECURED CREDIT FACILITY

 

THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED SENIOR SECURED CREDIT
FACILITY (this “Agreement”) is dated as of December 14, 2017, among
TRANSMONTAIGNE OPERATING COMPANY L.P. (the “Borrower”), each of the Lenders (as
defined below) party hereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION, in its
capacity as administrative agent for the Lenders (the “Agent”).

 

W I T N E S S E T H :

 

WHEREAS, the Borrower, certain banks and other lenders party thereto (the
“Lenders”), and the Agent executed and delivered that certain Third Amended and
Restated Senior Secured Credit Facility dated as of March 13, 2017 (as amended,
restated, modified, or supplemented from time to time, the “Credit Agreement”);

 

WHEREAS, pursuant to Section 2.2(c)(ii) of the Credit Agreement, the Borrower
has requested that those existing Lenders listed on Exhibit A attached hereto
increase their respective Revolving Credit Commitments by the amounts set forth
on Exhibit A (such Lenders, the “Increasing Lenders”) and, subject to the terms
and conditions hereof, the Agent and such Increasing Lenders have agreed to such
increased Revolving Credit Commitments; and

 

WHEREAS, in connection with the foregoing, the Borrower has requested and,
subject to the terms and conditions hereof, the Agent and the Lenders party
hereto have agreed to make certain amendments to the Credit Agreement as more
fully described below.

 

NOW, THEREFORE, for and in consideration of the above premises and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by the parties hereto, each of the parties hereto hereby covenant
and agree as follows:

 

1.                                      Definitions.  Unless otherwise
specifically defined herein, each term used herein which is defined in the
Credit Agreement shall have the meaning assigned to such term in the Credit
Agreement.  Each reference to “hereof,” “hereunder,” “herein,” and “hereby” and
each other similar reference and each reference to “this Agreement” and each
other similar reference contained in the Credit Agreement shall from and after
the First Amendment Effective Date refer to the Credit Agreement as amended
hereby.  “First Amendment Effective Date” means the date on which each of the
conditions precedent set forth in Section 5 below has been satisfied.

 

2.                                      Revolving Credit Commitment Increase. 
Subject to the satisfaction of the conditions precedent set forth in Section 5
below, each Increasing Lender hereby agrees that its Revolving Credit Commitment
shall be increased by the amount specified on Exhibit A attached hereto with
respect to such Increasing Lender.

 

3.                                      Reallocation.  Concurrently with the
First Amendment Effective Date, to the extent necessary in order for each
Lender’s Revolving Loans to be in accordance with its share of the Revolving
Credit Committed Amount, each Lender shall sell to or purchase from, as
applicable, each other Lender an amount necessary to place the aggregate
outstanding amount of

 

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such Lender’s Revolving Loans in proportion to its share of the Revolving Credit
Committed Amount in light of the increase and reallocation of the Revolving
Credit Commitments hereunder (with the Borrower being liable for any
indemnification payments required pursuant to Section 4.10 of the Credit
Agreement).  Each such purchase and sale shall be at par and deemed consummated
pursuant to the terms and conditions set forth in the form of Assignment and
Assumption.

 

4.                                      Amendments to Credit Agreement.  Subject
to the satisfaction of the conditions precedent set forth in Section 5 below:

 

(a)                                 The following definition shall be inserted
in Section 1.1 of the Credit Agreement in appropriate alphabetical order:

 

“First Amendment Effective Date” means the date on which each of the conditions
precedent set forth in Section 5 of that certain First Amendment to Third
Amended and Restated Senior Secured Credit Facility dated as of December 14,
2017, by and among the Borrower, each of the Lenders party thereto, and the
Agent, has been satisfied.

 

(b)                                 Subsection (A) of Section 2.2(c)(ii) is
hereby amended by replacing the text “$850,000,000” in the fifth line thereof
with “$1,100,000,000”.

 

(c)                                  Schedule 1.1A of the Credit Agreement is
hereby replaced in its entirety with Schedule 1.1A attached hereto as Exhibit B.

 

5.                                      Conditions Precedent. This Agreement
shall become effective only upon satisfaction of each of the following
conditions precedent:

 

(a)                                 The Agent shall have received each of the
following, each in form and substance reasonably satisfactory to the Agent:

 

(i)                                     counterparts of this Agreement duly
executed by the Borrower, the Required Lenders (as determined immediately prior
to time that each of the other conditions precedent in this Section 5 have been
satisfied), the Increasing Lenders, and the Agent;

 

(ii)                                  counterparts of the Consent and
Reaffirmation of the Guarantors attached hereto duly executed by each of the
Guarantors;

 

(iii)                               duly executed Revolving Notes, to the extent
requested by any Increasing Lender;

 

(iv)                              a duly executed loan certificate for the
Borrower and each of the Guarantors, dated as of the First Amendment Effective
Date, including a certificate of incumbency with respect to two or more
authorized signatories of such Person, together with the following items: (A) a
true, correct and complete copy of the Certificate (or Articles) of
Incorporation, bylaws (or operating agreement), or other organizational or
governing documents of such Person as in effect on the First Amendment Effective

 

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Date, (B) a good standing certificate for such Person certified as of a recent
date by the appropriate Governmental Authorities of the state or other
jurisdiction of incorporation or organization and (C) a true, complete and
correct copy of the resolutions of the board of directors, managers or similar
governing body of such Person authorizing such Person to execute, deliver and
perform this Agreement;

 

(v)                                 a duly executed certificate or certificates
of TransMontaigne Partners L.P. stating that (i) all governmental, shareholder
and third party consents and approvals, if any, necessary in connection with
respect to this Agreement and the transactions contemplated thereby have been
obtained, (ii) no action, suit, investigation or proceeding is pending or
threatened in any court or before any arbitrator or governmental instrumentality
that purports to affect any Credit Party or any transaction contemplated hereby,
if such action, suit, investigation or proceeding could reasonably be expected
to have a Material Adverse Effect and (iii) on the First Amendment Effective
Date, (A) no Default or Event of Default exists or will exist immediately after
giving effect to the transactions contemplated hereby, (B) all representations
and warranties contained herein and in the other Credit Documents are true and
correct in all material respects, (C) the Borrower is in compliance with the
financial covenants set forth in Article VIII of the Credit Agreement both
before and immediately after giving effect to the transactions contemplated
hereby, (D) all documents and certificates delivered pursuant to this Section 5
are true and correct and in force and effect as of the First Amendment Effective
Date, and (E) each of the conditions set forth in this Section 5 has been
satisfied.

 

(vi)                              a duly executed Solvency Certificate; and

 

(vii)                           legal opinions of counsel to the Credit Parties
addressed to each Lender and the Agent and dated as of the First Amendment
Effective Date in form and substance reasonably satisfactory to the Agent.

 

(b)                                 the Borrower shall have paid to the Agent
all fees and expenses due and payable under the Credit Agreement (including the
fees of counsel to the extent invoiced at least one Business Day prior to the
First Amendment Effective Date) and in connection with this Agreement,
including, without limitation the fees set forth in that certain Engagement
Letter dated as of November 21, 2017, by and between Borrower and Wells Fargo
Securities, LLC.

 

(c)                                  the Agent and each Increasing Lender shall
have received, at least three Business Days prior to the First Amendment
Effective Date, all documentation and other information required by regulatory
authorities under applicable “know your customer” and Anti-Money Laundering
Laws, including, without limitation, the USA Patriot Act, to the extent
requested at least five Business Days prior to the First Amendment Effective
Date.

 

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(d)                                 delivery of all flood hazard determination
certifications, acknowledgements and evidence of flood insurance and other
flood-related documentation with respect to any Mortgaged Real Estate as
required by Flood Insurance Regulations and as otherwise reasonably required by
the Agent.

 

(e)                                  delivery of such documents, instruments,
agreements, certificates, and information as the Agent shall have reasonably
requested.

 

6.                                      Effect of Agreement.  Except as set
forth expressly hereinabove, all terms of the Credit Agreement and the other
Credit Documents shall be and remain in full force and effect, and shall
constitute the legal, valid, binding, and enforceable obligations of the
Borrower and the other Credit Parties party thereto.

 

7.                                      No Novation or Mutual Departure.  The
Borrower expressly acknowledges and agrees that (i) there has not been, and this
Agreement does not constitute or establish, a novation with respect to the
Credit Agreement or any of the Credit Documents, or a mutual departure from the
strict terms, provisions, and conditions thereof other than with respect to the
amendments in Sections 2 through 4 above, and (ii) nothing in this Agreement
shall affect or limit the Agent’s or any Lender’s right to demand payment of
liabilities owing from the Borrower or any other Credit Party to the Agent and
the Lenders under, or to demand strict performance of the terms, provisions and
conditions of, the Credit Agreement and the other Credit Documents, to exercise
any and all rights, powers and remedies under the Credit Agreement or the other
Credit Documents or at law or in equity, or to do any and all of the foregoing,
immediately at any time after the occurrence of a Default or an Event of Default
under the Credit Agreement or the other Credit Documents.

 

8.                                      Ratification and Restatement.  The
Borrower hereby (i) restates, ratifies, and reaffirms each and every term,
covenant, and condition set forth in the Credit Agreement and the other Credit
Documents to which it is a party, as of the date hereof and the First Amendment
Effective Date, in each case, after giving effect hereto and (ii) restates and
renews each and every representation and warranty heretofore made by it in the
Credit Agreement and the other Credit Documents as fully as if made on the date
hereof and the First Amendment Effective Date and with specific reference to
this Agreement and any other Credit Documents executed or delivered in
connection herewith (except with respect to representations and warranties made
as of an expressed date, in which case such representations and warranties shall
be true and correct as of such date).  This Agreement constitutes a Credit
Document.

 

9.                                      No Default.  To induce the Agent and the
Lenders to enter into this Agreement and to continue to make advances pursuant
to the Credit Agreement (subject to the terms and conditions hereof), the
Borrower hereby acknowledges and agrees that, as of the date hereof and the
First Amendment Effective Date, and, in each case, after giving effect to the
terms hereof, there exists (i) no Default or Event of Default and (ii) no right
of offset, defense, counterclaim, claim, or objection in favor of the Borrower
arising out of or with respect to any of the Loans or other obligations of the
Borrower owed to the Lenders under the Credit Agreement or any Credit Document.

 

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10.                               Release.  In consideration of the amendments
contained herein, the Borrower hereby waives and releases each of the Lenders,
the Agent and the Issuing Bank from any and all claims and defenses, known or
unknown as of the date hereof and as of the First Amendment Effective Date, with
respect to the Credit Agreement and the other Credit Documents and the
transactions contemplated thereby.

 

11.                               Counterparts.  This Agreement may be executed
in any number of counterparts and by different parties hereto in separate
counterparts and transmitted by facsimile to the other parties, each of which
when so executed and delivered by facsimile shall be deemed to be an original
and all of which counterparts, taken together, shall constitute but one and the
same instrument.  This Agreement may be executed by each party on separate
copies, which copies, when combined so as to include the signatures of all
parties, shall constitute a single counterpart of this Agreement.

 

12.                               Fax or Other Transmission.  Delivery by one or
more parties hereto of an executed counterpart of this Agreement via e-mail,
facsimile, telecopy, or other electronic method of transmission pursuant to
which the signature of such party can be seen (including, without limitation,
Adobe Corporation’s Portable Document Format) shall have the same force and
effect as the delivery of an original executed counterpart of this Agreement. 
Any party delivering an executed counterpart of this Agreement by facsimile or
other electronic method of transmission shall also deliver an original executed
counterpart, but the failure to do so shall not affect the validity,
enforceability or binding effect of this Agreement.

 

13.                               Section References.  Section titles and
references used in this Agreement shall be without substantive meaning or
content of any kind whatsoever and are not a part of the agreements among the
parties hereto evidenced hereby.

 

14.                               Recitals Incorporated Herein.  The preamble
and the recitals to this Agreement are hereby incorporated herein by this
reference.

 

15.                               Post-Closing Covenant.  The Credit Parties
shall cause each of the actions set forth in Exhibit C hereto to be taken on or
before the date set forth in such exhibit for such action (or such later date as
the Agent may agree in writing in its reasonable discretion).  The failure of
any Credit Party to comply with this Section 15 shall constitute an Event of
Default under the Credit Agreement.

 

16.                               Further Assurances.  The Borrower agrees to
take such further actions as the Agent shall reasonably request in connection
herewith to evidence the agreements herein contained.

 

17.                               Severability.  Any provision of this Agreement
which is prohibited or unenforceable shall be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions
hereof in that jurisdiction or affecting the validity or enforceability of such
provision in any other jurisdiction.

 

18.                               Governing Law; Jury Trial; Submission to
Jurisdiction.  This Agreement shall be governed by and construed and interpreted
in accordance with the laws of the State of New

 

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York.  Sections 14.2 and 14.3 of the Credit Agreement shall apply as if set
forth in full herein modified mutatis mutandis.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by its duly authorized officer as of the day and year first above
written.

 

 

BORROWER:

 

 

 

TRANSMONTAIGNE OPERATING COMPANY L.P.

 

 

 

By:

TransMontaigne Operating GP L.L.C., its sole general partner

 

 

 

 

 

 

By:

/s/ Robert T. Fuller

 

 

Name:

Robert T. Fuller

 

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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AGENT AND LENDERS:

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Agent and as a Lender

 

 

 

 

 

By:

/s/ Jacob L. Osterman

 

Name:

Jacob L. Osterman

 

Title:

Director

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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U.S. Bank National Association,
as a Lender

 

 

 

 

 

By:

/s/ John C. Lozano

 

 

Name:

John C. Lozano

 

 

Title:

Vice President

 

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SIGNATURE PAGE TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG TRANSMONTAIGNE OPERATING COMPANY
L.P., EACH LENDER PARTY HERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT

 

 

 

Name of Institution: Cadence Bank, N.A.
as a Lender

 

 

 

 

 

By:

/s/ David Anderson

 

 

Name:

David Anderson

 

 

Title:

Senior Vice President

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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SIGNATURE PAGE TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG TRANSMONTAIGNE OPERATING COMPANY
L.P., EACH LENDER PARTY HERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT

 

 

 

The Huntington National Bank,
as a Lender

 

 

 

 

 

By:

/s/ Christopher Renyi

 

 

Name:

Christopher Renyi

 

 

Title:

Senior Vice President

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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SIGNATURE PAGE TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG TRANSMONTAIGNE OPERATING COMPANY
L.P., EACH LENDER PARTY HERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT

 

 

 

Name of Institution: ROYAL BANK OF CANADA,
as a Lender

 

 

 

 

 

By:

/s/ Jason S. York

 

 

Name:

Jason S. York

 

 

Title:

Authorized Signatory

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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SIGNATURE PAGE TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG TRANSMONTAIGNE OPERATING COMPANY
L.P., EACH LENDER PARTY HERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT

 

 

 

Name of Institution: Bank of America, N.A.,
as a Lender

 

 

 

 

 

By:

/s/ Michael Clayborne

 

 

Name:

Michael Clayborne

 

 

Title:

Director

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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Citizens Bank, N.A.,
as a Lender

 

 

 

 

 

By:

/s/ David Baron

 

 

Name:

David Baron

 

 

Title:

Vice President

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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SIGNATURE PAGE TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG TRANSMONTAIGNE OPERATING COMPANY
L.P., EACH LENDER PARTY HERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT

 

 

 

Name of Institution: MUFG Union Bank, N.A.,

 

as a Lender

 

 

 

 

 

By:

/s/ Anastasiya Haurylenia

 

 

Name:

Anastasiya Haurylenia

 

 

Title:

Vice President

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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SIGNATURE PAGE TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG TRANSMONTAIGNE OPERATING COMPANY
L.P., EACH LENDER PARTY HERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT

 

 

 

Name of Institution: ZB, N.A. dba Amegy Bank,

 

as a Lender

 

 

 

 

 

 

By:

/s/ Ronnie Causey

 

 

Name: Ronnie Causey

 

 

Title: Vice President

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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SIGNATURE PAGE TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG TRANSMONTAIGNE OPERATING COMPANY
L.P., EACH LENDER PARTY HERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT

 

 

 

Name of Institution: BNP Paribas,

 

as a Lender

 

 

 

 

 

By:

/s/ Joe Onischuk

 

 

Name: Joe Onischuk

 

 

Title: Managing Director

 

 

 

 

 

By:

/s/ Mark Renaud

 

 

Name: Mark Renaud

 

 

Title: Managing Director

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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ABN AMRO CAPITAL USA LLC,

 

as a Lender

 

 

 

By:

/s/ Darrell Holley

 

 

Name: Darrell Holley

 

 

Title: Managing Director

 

 

 

 

 

 

 

By:

/s/ Anna C. Ferreira

 

 

Name: Anna C. Ferreira

 

 

Title: Vice-President

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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CIT BANK, N.A.

 

as a Lender

 

 

 

 

 

By:

/s/ Stewart McLeod

 

 

Name: Stewart McLeod

 

 

Title: Director

 

[TMP -  First Amendment to Third Amended and Restated Senior Secured Credit
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COMERICA BANK,

 

as a Lender

 

 

 

 

 

By:

/s/ Cassandra M. Lucas

 

 

Name: Cassandra M. Lucas

 

 

Title: Portfolio Manager

 

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Citibank, N.A.,

 

as a Lender

 

 

 

 

 

By:

/s/ Thomas Benavides

 

 

Name: Thomas Benavides

 

 

Title: Director

 

[TMP - First Amendment to Third Amended and Restated Senior Secured Credit
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SIGNATURE PAGE TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG TRANSMONTAIGNE OPERATING COMPANY
L.P., EACH LENDER PARTY HERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT

 

 

 

Name of Institution: CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender

 

 

 

 

 

By:

/s/ Nupur Kumar

 

 

Name: Nupur Kumar

 

 

Title: Authorized Signatory

 

 

 

 

 

By:

/s/ Andrew Griffin

 

 

Name: Andrew Griffin

 

 

Title: Authorized Signatory

 

[TMP - First Amendment to Third Amended and Restated Senior Secured Credit
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Compass Bank,

 

as a Lender

 

 

 

 

 

 

 

By:

/s/ Mark H. Wolf

 

 

Name: Mark H. Wolf

 

 

Title: Senior Vice President

 

[TMP - First Amendment to Third Amended and Restated Senior Secured Credit
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SIGNATURE PAGE TO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT
AGREEMENT, DATED AS OF THE DATE HEREOF, AMONG TRANSMONTAIGNE OPERATING COMPANY
L.P., EACH LENDER PARTY HERETO AND WELLS FARGO BANK, NATIONAL ASSOCIATION, AS
ADMINISTRATIVE AGENT

 

 

 

PNC BANK, NATIONAL ASSOCIATION,
as a Lender

 

 

 

 

 

 

 

By:

/s/ Kyle T. Helfrich

 

 

Name: Kyle T. Helfrich

 

 

Title: Vice President

 

[TMP - First Amendment to Third Amended and Restated Senior Secured Credit
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BMO HARRIS BANK N.A.,

 

as a Lender

 

 

 

 

 

 

 

By:

/s/ Matthew Davis

 

 

Name: Matthew Davis

 

 

Title: Vice President

 

[TMP - First Amendment to Third Amended and Restated Senior Secured Credit
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CONSENT AND REAFFIRMATION

 

Each of the undersigned (i) acknowledges receipt of the foregoing First
Amendment to Third Amended and Restated Senior Secured Credit Facility (the
“Agreement”), (ii) consents to the execution and delivery of the Agreement by
the parties thereto, and (iii) reaffirms all of its obligations and covenants
under that certain Second Amended and Restated Full Recourse Guaranty Agreement,
dated as of March 13, 2017 (as amended, restated, supplemented, or otherwise
modified from time to time, the “Guaranty Agreement”), executed by it, or later
joined by it, and agrees that none of such obligations and covenants shall be
limited by the execution and delivery of the Agreement.

 

Each of the undersigned confirms and reaffirms, as of the date hereof, (a) its
guarantee of the Obligations (including, without limitation, the increase in
Revolving Credit Commitments) under the Guaranty Agreement, and (b) its grant of
Liens on the Collateral to secure the Obligations (including, without
limitation, the Obligations with respect to the increase in Revolving Credit
Commitments) pursuant to the Security Documents.

 

As of the date hereof, each of the undersigned hereby represents and warrants
that the representations and warranties of such Credit Party set forth in the
Guaranty Agreement and the Security Agreement to which such Credit Party is a
party, are true and correct in all material respects.

 

This Consent and Reaffirmation may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which
counterparts, taken together, shall constitute but one and the same instrument. 
Capitalized terms used in this Consent and Reaffirmation without definition
shall have the respective meanings ascribed thereto in the Agreement.

 

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December 14, 2017:

 

 

 

 

 

 

TRANSMONTAIGNE PARTNERS L.P., a
Delaware limited partnership

 

 

 

 

By: TransMontaigne GP L.L.C., its sole general partner

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

 

 

 

TRANSMONTAIGNE OPERATING COMPANY L.P.,
a Delaware limited partnership

 

 

 

 

By: TransMontaigne Operating GP L.L.C., its
sole general partner

 

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

 

 

 

TRANSMONTAIGNE OPERATING GP L.L.C.,

 

a Delaware limited liability company

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

 

 

 

 

 

 

TRANSMONTAIGNE TERMINALS L.L.C.,
a Delaware limited liability company

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

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RAZORBACK L.L.C.,

 

a Delaware limited liability company

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

 

 

 

TPME L.L.C.,

 

a Delaware limited liability company

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

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TPSI TERMINALS L.L.C.,

 

a Delaware limited liability company

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

 

 

 

TLP FINANCE CORP.,

 

a Delaware corporation

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

 

 

 

TLP OPERATING FINANCE CORP.,

 

a Delaware corporation

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

 

 

 

TRANSMONTAIGNE PRODUCTS COMPANY L.L.C.,
a Delaware limited liability company

 

 

 

 

By:

/s/ Robert T. Fuller

 

Name:

Robert T. Fuller

 

Title:

Executive Vice President, Chief Financial Officer, Chief Accounting Officer and
Treasurer

 

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

 

 

EXHIBIT A

 

REVOLVING CREDIT COMMITMENT INCREASES

 

Increasing Lender

 

Additional
Revolving Credit
Commitment

 

Aggregate Revolving
Credit Commitment

Wells Fargo Bank, National Association

 

$

12,500,000

 

$

67,500,000

US Bank

 

$

12,500,000

 

$

67,500,000

ABN AMRO

 

$

25,000,000

 

$

55,000,000

Bank of America

 

$

15,000,000

 

$

55,000,000

BMO

 

$

25,000,000

 

$

55,000,000

Citibank, N.A.

 

$

15,000,000

 

$

55,000,000

PNC

 

$

25,000,000

 

$

55,000,000

Royal Bank of Canada

 

$

15,000,000

 

$

55,000,000

MUFG

 

$

15,000,000

 

$

55,000,000

BNP Paribas

 

$

10,000,000

 

$

40,000,000

Cadence Bank, N.A.

 

$

10,000,000

 

$

40,000,000

Comerica Bank

 

$

10,000,000

 

$

40,000,000

BBVA Compass

 

$

10,000,000

 

$

40,000,000

Credit Suisse

 

$

10,000,000

 

$

40,000,000

ZB, N.A. dba Amegy Bank

 

$

10,000,000

 

$

40,000,000

CIT

 

$

10,000,000

 

$

30,000,000

Citizens

 

$

10,000,000

 

$

30,000,000

The Huntington National Bank

 

$

10,000,000

 

$

30,000,000

Total:

 

$

250,000,000

 

$

850,000,000

 

 

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EXHIBIT B

 

SCHEDULE 1.1A TO THE CREDIT AGREEMENT

 

LENDERS

 

Lender

 

Revolving Credit
Commitment

 

Revolving Credit
Commitment
Percentage

 

Wells Fargo Bank, National Association

 

$

67,500,000

 

7.94

%

US Bank

 

$

67,500,000

 

7.94

%

ABN AMRO

 

$

55,000,000

 

6.47

%

Bank of America

 

$

55,000,000

 

6.47

%

BMO

 

$

55,000,000

 

6.47

%

Citibank, N.A.

 

$

55,000,000

 

6.47

%

PNC

 

$

55,000,000

 

6.47

%

Royal Bank of Canada

 

$

55,000,000

 

6.47

%

MUFG

 

$

55,000,000

 

6.47

%

BNP Paribas

 

$

40,000,000

 

4.71

%

Cadence Bank, N.A.

 

$

40,000,000

 

4.71

%

Comerica Bank

 

$

40,000,000

 

4.71

%

BBVA Compass

 

$

40,000,000

 

4.71

%

Credit Suisse

 

$

40,000,000

 

4.71

%

ZB, N.A. dba Amegy Bank

 

$

40,000,000

 

4.71

%

CIT

 

$

30,000,000

 

3.53

%

Citizens

 

$

30,000,000

 

3.53

%

The Huntington National Bank

 

$

30,000,000

 

3.53

%

Total:

 

$

850,000,000

 

100

%

 

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EXHIBIT C

 

POST-CLOSING COVENANT

 

Within 90 days after the First Amendment Effective Date (or such later date as
the Agent may agree in writing in its reasonable discretion), the Credit Parties
shall have delivered to the Agent a Mortgage or amendments to any existing
Mortgage, as applicable, and all other Real Property Documentation (or updates
thereto with respect to existing Real Property Documentation) requested by the
Agent for each parcel or tract of the Real Estate owned by any Credit Party as
of the First Amendment Effective Date other than for Excluded Real Estate;
provided, however, that the amounts of the Mortgagee Policies designated on
Schedule 6.19 of the Credit Agreement shall be subject to adjustment as
reasonably required by the Agent.  Notwithstanding the foregoing, Landlord
Agreements (except those Landlord Agreements being pursued pursuant to
Section 7.22 of the Credit Agreement, which Landlord Agreements are currently
under review by the parties thereto), fixture filings, boundary surveys and
environmental reports described in subsections (c), (h), (i) and (j) of the
definition of “Real Property Documentation” shall not be required with respect
to any Mortgaged Real Estate that as of the First Amendment Effective Date
secure the Credit Agreement; provided, however, that the Credit Parties will
provide such surveys and environmental reports for such Mortgaged Real Estate at
the request of the Agent in order for the Agent to comply with flood laws and
regulations.

 

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