Document:

exv10w1

Exhibit 10.1

Execution Copy 

CUSIP NO. ________

REVOLVING CREDIT AGREEMENT

dated as of

September 7, 2011

among

ENTERPRISE PRODUCTS OPERATING LLC

as Borrower

CANADIAN ENTERPRISE GAS PRODUCTS, LTD.

as Canadian Borrower

The Lenders Party Hereto

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

THE ROYAL BANK OF SCOTLAND PLC, MIZUHO CORPORATE BANK, LTD. and

THE BANK OF NOVA SCOTIA,

as Co-Syndication Agents

JPMORGAN CHASE BANK, N.A. and BARCLAYS BANK PLC,

as Co-Documentation Agents

 

WELLS FARGO SECURITIES, LLC,

RBS SECURITIES INC., MIZUHO CORPORATE BANK, LTD. and THE BANK OF NOVA
 SCOTIA,

as Joint Lead Arrangers and Joint Book Runners

$3,500,000,000 5-Year Revolving Credit Facility

 

 

TABLE OF CONTENTS

	 	 	 	 	 

	ARTICLE I Definitions
	 	 	1	 
	 
	SECTION 1.01. Defined Terms
	 	 	1	 
	SECTION 1.02. Classification of Loans and Borrowings
	 	 	21	 
	SECTION 1.03. Terms Generally
	 	 	21	 
	SECTION 1.04. Accounting Terms; GAAP
	 	 	21	 
	 
	ARTICLE II The Credits
	 	 	22	 
	 
	SECTION 2.01. Commitments
	 	 	22	 
	SECTION 2.02. Loans and Borrowings
	 	 	22	 
	SECTION 2.03. Requests for Revolving Borrowings
	 	 	23	 
	SECTION 2.04. Reserved
	 	 	24	 
	SECTION 2.05. Swingline Loans
	 	 	24	 
	SECTION 2.06. Letters of Credit
	 	 	25	 
	SECTION 2.07. Funding of Borrowings
	 	 	30	 
	SECTION 2.08. Interest Elections
	 	 	30	 
	SECTION 2.09. Termination and Reduction of Commitments
	 	 	32	 
	SECTION 2.10. Repayment of Loans; Evidence of Debt
	 	 	32	 
	SECTION 2.11. Prepayment of Loans
	 	 	33	 
	SECTION 2.12. Fees
	 	 	33	 
	SECTION 2.13. Interest
	 	 	34	 
	SECTION 2.14. Alternate Rate of Interest
	 	 	36	 
	SECTION 2.15. Illegality; Increased Costs
	 	 	36	 
	SECTION 2.16. Break Funding Payments
	 	 	38	 
	SECTION 2.17. Taxes
	 	 	38	 
	SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	 	 	40	 
	SECTION 2.19. Mitigation Obligations; Replacement of Lenders
	 	 	41	 
	SECTION 2.20. Separateness
	 	 	42	 
	SECTION 2.21. Defaulting Lenders
	 	 	43	 
	SECTION 2.22. Judgment Currency
	 	 	45	 
	 
	ARTICLE III Representations and Warranties
	 	 	45	 
	 
	SECTION 3.01. Organization; Powers
	 	 	45	 
	SECTION 3.02. Authorization; Enforceability
	 	 	46	 
	SECTION 3.03. Governmental Approvals; No Conflicts
	 	 	46	 
	SECTION 3.04. Financial Condition
	 	 	46	 
	SECTION 3.05. Litigation and Environmental Matters
	 	 	46	 
	SECTION 3.06. Compliance with Laws
	 	 	47	 
	SECTION 3.07. Investment Company Status
	 	 	47	 
	SECTION 3.08. Taxes
	 	 	47	 
	SECTION 3.09. ERISA
	 	 	47	 
	SECTION 3.10. Disclosure
	 	 	47	 
	SECTION 3.11. Subsidiaries
	 	 	47	 
	SECTION 3.12. Margin Securities
	 	 	48	 
	 
	ARTICLE IV Conditions
	 	 	48	 
	 
	SECTION 4.01. Effective Date
	 	 	48	 

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	SECTION 4.02. Each Credit Event
	 	 	49	 
	 
	ARTICLE V Affirmative Covenants
	 	 	50	 
	 
	SECTION 5.01. Financial Statements and Other Information
	 	 	50	 
	SECTION 5.02. Notices of Material Events
	 	 	51	 
	SECTION 5.03. Existence; Conduct of Business
	 	 	51	 
	SECTION 5.04. Maintenance of Properties; Insurance
	 	 	51	 
	SECTION 5.05. Books and Records; Inspection Rights
	 	 	51	 
	SECTION 5.06. Compliance with Laws
	 	 	51	 
	SECTION 5.07. Use of Proceeds and Letters of Credit
	 	 	52	 
	SECTION 5.08. Environmental Matters
	 	 	52	 
	SECTION 5.09. ERISA Information
	 	 	52	 
	SECTION 5.10. Taxes
	 	 	52	 
	 
	ARTICLE VI Negative Covenants
	 	 	53	 
	 
	SECTION 6.01. Indebtedness
	 	 	53	 
	SECTION 6.02. Liens
	 	 	53	 
	SECTION 6.03. Fundamental Changes
	 	 	53	 
	SECTION 6.04. Investment Restriction
	 	 	53	 
	SECTION 6.05. Restricted Payments
	 	 	54	 
	SECTION 6.06. Restrictive Agreements
	 	 	54	 
	SECTION 6.07. Financial Condition Covenants
	 	 	55	 
	 
	ARTICLE VII Events of Default
	 	 	56	 
	 
	ARTICLE VIII The Administrative Agent
	 	 	59	 
	 
	ARTICLE IX Miscellaneous
	 	 	61	 
	 
	SECTION 9.01. Notices
	 	 	61	 
	SECTION 9.02. Waivers; Amendments
	 	 	63	 
	SECTION 9.03. Expenses; Indemnity; Damage Waiver
	 	 	64	 
	SECTION 9.04. Successors and Assigns
	 	 	65	 
	SECTION 9.05. Survival
	 	 	68	 
	SECTION 9.06. Counterparts; Integration; Effectiveness
	 	 	68	 
	SECTION 9.07. Severability
	 	 	68	 
	SECTION 9.08. Right of Setoff
	 	 	69	 
	SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process
	 	 	69	 
	SECTION 9.10. Waiver of Jury Trial
	 	 	70	 
	SECTION 9.11. Headings
	 	 	70	 
	SECTION 9.12. Confidentiality
	 	 	70	 
	SECTION 9.13. Interest Rate Limitation
	 	 	70	 
	SECTION 9.14. Liability of Manager
	 	 	71	 
	SECTION 9.15. USA Patriot Act Notice
	 	 	71	 
	SECTION 9.16. No Advisory or Fiduciary Responsibility
	 	 	71	 
	SECTION 9.17. Existing Credit Facility
	 	 	72	 

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	SCHEDULES:	 	 	 	 
	Schedule 1.01 — Existing Letters of Credit
	 	 	 	 
	Schedule 2.01 — Commitments
	 	 	 	 
	Schedule 3.05 — Disclosed Matters
	 	 	 	 
	Schedule 3.11 — Subsidiaries
	 	 	 	 
	Schedule 6.06 — Existing Restrictions
	 	 	 	 

	 	 	 	 	 
	EXHIBITS:	 	 	 	 
	Exhibit A — Form of Assignment and Acceptance
	 	 	 	 
	Exhibit B — Form of Borrowing Request
	 	 	 	 
	Exhibit C — Form of Interest Election Request
	 	 	 	 
	Exhibit D-1 — Form of Opinion of Christopher S. Wade,
in-house counsel for Borrower, CEGP and EPD
	 	 	 	 
	Exhibit D-2 — Form of Opinion of Locke Lord Bissell & Liddell LLP,
Borrower’s, CEGP’s and EPD’s Counsel
	 	 	 	 
	Exhibit D-3 — Form of Opinion of Bennett Jones LLP,
Special Canadian Counsel to CEGP
	 	 	 	 
	Exhibit E — Form of Compliance Certificate
	 	 	 	 
	Exhibit F-1 — Form of Revolving Loan Note
	 	 	 	 
	Exhibit F-2 — Form of Swingline Loan Note
	 	 	 	 

iii 

 

     REVOLVING CREDIT AGREEMENT dated as of September 7, 2011, among ENTERPRISE PRODUCTS OPERATING
LLC, a Texas limited liability company; CANADIAN ENTERPRISE GAS PRODUCTS, LTD., an Alberta
corporation, the LENDERS party hereto; WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative
Agent, Issuing Bank and Swingline Lender; THE ROYAL BANK OF SCOTLAND PLC, MIZUHO CORPORATE BANK,
LTD. and THE BANK OF NOVA SCOTIA, as Co-Syndication Agents; and JPMORGAN CHASE BANK, N.A. and
BARCLAYS BANK PLC, as Co-Documentation Agents.

W I T N E S S E T H

     In consideration of the mutual covenants and agreements contained herein and in consideration
of the Loans which may hereafter be made by Lenders to Borrower and CEGP and the Letters of Credit
which may be made available by Issuing Bank to Borrower and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

ARTICLE I

Definitions

     SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the
meanings specified below:

     “ABR”, when used in reference to any Loan or Borrowing, refers to a Loan, or Loans, in
the case of a Borrowing, which bear interest at a rate determined by reference to the Alternate
Base Rate.

     “Administrative Agent” means Wells Fargo Bank, National Association, in its capacity
as administrative agent for the Lenders hereunder.

     “Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Administrative Agent.

     “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

     “Agreement” means this Revolving Credit Agreement dated September 7, 2011, among
Enterprise Products Operating LLC, a Texas limited liability company; Canadian Enterprise Gas
Products, Ltd., an Alberta corporation; the Lenders party hereto; Wells Fargo Bank, National
Association, as Administrative Agent, Issuing Bank and Swingline Lender; and the Co-Syndication
Agents and Co-Documentation Agents; as amended, extended or otherwise modified from time to time.

     “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of
(a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such
day plus 1/2 of 1%, and (c) the LIBO Market Index Rate in effect on such day plus 1%. Any change in
the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective

1

 

Rate or the LIBO Market Index Rate shall be effective from and including the effective date of such
change in the Prime Rate, the Federal Funds Effective Rate or the LIBO Market Index Rate,
respectively.

     “Applicable Percentage” means, with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment. If the Commitments have terminated or
expired, the Applicable Percentages shall be determined based upon the Commitments most recently in
effect, giving effect to any assignments.

     “Applicable Rate” means, for any day, with respect to any Eurodollar Revolving Loan,
or with respect to the facility fees payable hereunder, as the case may be (subject to the
immediately following paragraph of this defined term), the applicable rate per annum set forth
below under the caption “Eurodollar Spread”, “ABR Spread” or “Facility Fee Rate”, as the case may
be, based upon the ratings by Moody’s, S&P and/or Fitch, respectively, applicable on such date to
the Index Debt:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Index Debt Ratings:	 	Eurodollar	 	 	 	 	 	 	Facility Fee	 
	(Moody’s/S&P/Fitch)	 	Spread	 	 	ABR Spread	 	 	Rate	 
	Category 1 ≥ Baa1/BBB+/BBB+
	 	 	1.075	%	 	 	0.075	%	 	 	0.175	%
	Category 2 Baa2/BBB/BBB
	 	 	1.300	%	 	 	0.300	%	 	 	0.200	%
	Category 3 Baa3/BBB-/BBB-
	 	 	1.375	%	 	 	0.375	%	 	 	0.250	%
	Category 4 Ba1/BB+/BB+
	 	 	1.450	%	 	 	0.450	%	 	 	0.300	%
	Category 5 ≤ Ba2/BB/BB
	 	 	1.650	%	 	 	0.650	%	 	 	0.350	%

     For purposes of the foregoing, (i) if only one of Moody’s, S&P and Fitch shall have in effect
a rating for the Index Debt (other than by reason of a change in the rating system of, or
unavailability of a ratings by, such rating agencies, as referred to in the last sentence of this
paragraph), or if only two of Moody’s, S&P and Fitch shall have in effect a rating for the Index
Debt, and such ratings fall within the same Category, then the other two rating agencies, or other
rating agency, shall be deemed to have established a rating in the same Category as such agency or
agencies; (ii) if only two of Moody’s, S&P and Fitch shall have in effect a rating for the Index
Debt (other than by reason of a change in the rating system of, or unavailability of ratings by,
such rating agencies, as referred to in the last sentence of this paragraph), and such ratings
shall fall within different Categories, the Applicable Rate shall be based on the higher of the two
ratings; (iii) if each of Moody’s, S&P and Fitch shall have in effect a rating for the Index Debt,
and such ratings shall fall within different Categories, the Applicable Rate shall be based on (x)
the majority rating, if two of such ratings fall within the same Category, or (y) the middle
rating, if all three of such ratings fall within different Categories, (iv) if the ratings
established or deemed to have been established by Moody’s, S&P and/or Fitch for the Index Debt
shall be
changed (other than as a result of a change in the rating system of Moody’s, S&P or Fitch),
such change shall be effective as of the date on which it is first announced by the applicable
rating agency. Each change in the Applicable Rate shall apply during the period commencing on the
effective date of such change and ending on the date immediately preceding the effective date of

2

 

the next such change. If the rating system of Moody’s, S&P or Fitch shall change, or if any such
rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower
and the Lenders shall negotiate in good faith to amend this definition to reflect such changed
rating system or the unavailability of ratings from such rating agency and, pending the
effectiveness of any such amendment, the Applicable Rate shall be determined by reference to the
rating most recently in effect prior to such change or cessation.

     “Assignment and Acceptance” means an assignment and acceptance entered into by a
Lender and an assignee (with the consent of any party whose consent is required by Section 9.04),
and accepted by the Administrative Agent, substantially in the form of Exhibit A or any other form
approved by the Administrative Agent.

     “Attributable Indebtedness” with respect to any Sale/Leaseback Transaction, means, as
at the time of determination, the present value (discounted at the rate set forth or implicit in
the terms of the lease included in such transaction) of the total obligations of the lessee for
rental payments (other than amounts required to be paid on account of property taxes, maintenance,
repairs, insurance, assessments, utilities, operating and labor costs and other items that do not
constitute payments for property rights) during the remaining term of the lease included in such
Sale/Leaseback Transaction (including any period for which such lease has been extended). In the
case of any lease that is terminable by the lessee upon the payment of a penalty or other
termination payment, such amount shall be the lesser of the amount determined assuming termination
upon the first date such lease may be terminated (in which case the amount shall also include the
amount of the penalty or termination payment, but no rent shall be considered as required to be
paid under such lease subsequent to the first date upon which it may be so terminated) or the
amount determined assuming no such termination.

     “Availability Period” means the period from and including the Effective Date to but
excluding the earlier of the Maturity Date and the date of termination of the Commitments.

     “Board” means the Board of Governors of the Federal Reserve System of the United
States of America.

     “Borrower” means Enterprise Products Operating LLC, a Texas limited liability company.

     “Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued
on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in
effect, or (b) a Swingline Loan.

     “Borrowing Request” means a request by the Borrower for a Revolving Borrowing in
accordance with Section 2.03, and being in the form of attached Exhibit B.

     “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed;
provided that, when used in connection with a Eurodollar Loan, the term
“Business Day” shall
also exclude any day on which banks are not open for dealings in dollar deposits in the London
interbank market.

3

 

     “CEGP” means Canadian Enterprise Gas Products, Ltd., an Alberta corporation and a
wholly-owned Subsidiary of the Borrower.

     “CEGP Exposure” means, with respect to all Lenders at any time, the sum of the
outstanding principal amount of all Lenders’ Revolving Loans to CEGP, plus all Lenders’ Swingline
Exposure with respect to outstanding Swing Line Loans to CEGP at such time.

     “CEGP Sublimit” means $25,000,000.

     “CERCLA” means the Comprehensive Environmental, Response, Compensation, and Liability
Act of 1980, as amended.

     “Change in Control” means the occurrence of any of the following events:

     (i) Continuing Directors cease for any reason to constitute collectively a majority of
the members of the board of directors of Manager or Enterprise GP then in office;

     (ii) any Person or related Persons constituting a group (as such term is used in Rule
13d-5 under the Securities Exchange Act of 1934, as amended) obtains direct or indirect
beneficial ownership interest in the Manager or Enterprise GP greater than the direct or
indirect beneficial ownership interests of EPCO and its Affiliates in the Manager or
Enterprise GP; or

     (iii) Manager and EPD shall cease to own, directly or indirectly, all of the Equity
Interests (including all securities which are convertible into Equity Interests) of
Borrower.

As used herein, “Continuing Director” means any member of the board of directors of Manager
or Enterprise GP, respectively, who (x) is a member of such board of directors as of the date
hereof, or (y) was nominated for election or elected to such board of directors with the approval
of a majority of the Continuing Directors who were members of such board at the time of such
nomination or election.

     “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.15(b), by any lending
office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any
request, guideline or directive (whether or not having the force of law) of any Governmental
Authority made or issued after the date of this Agreement; provided that notwithstanding
anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act
and all requests, rules, guidelines or directives thereunder or issued in connection therewith and
(y) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or
the United States regulatory authorities, in each case pursuant to Basel III,
shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted,
promulgated or issued.

4

 

     “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

     “Code” means the Internal Revenue Code of 1986, as amended from time to time.

     “Commercial Operation Date” means the date on which a Material Project is
substantially complete and commercially operable.

     “Commitment” means, with respect to each Lender, the commitment of such Lender to make
Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder,
expressed as an amount representing the maximum aggregate amount of such Lender’s Exposure
hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b)
reduced or increased from time to time pursuant to Section 2.01 or assignments by or to such Lender
pursuant to Section 9.04. The initial amount of each Lender’s Commitment is set forth on Schedule
2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its
Commitment, as applicable. The initial aggregate amount of the Lenders’ Commitments is
$3,500,000,000.

     “Common Units” means the common units of limited partner interests in EPD.

     “Company Agreement” means the Company Agreement of the Borrower dated as of June 30,
2007 between Manager and EPD, as members, substantially in the form provided to the Lenders, as
such Company Agreement may be amended, modified and supplemented from time to time.

     “Consolidated EBITDA” means for any period, the sum of (a) the consolidated net income
of the Borrower and its consolidated Subsidiaries (excluding Project Finance Subsidiaries) for such
period plus, to the extent deducted in determining consolidated net income for such period, the
aggregate amount of (i) Consolidated Interest Expense, (ii) income or gross receipts tax (or
franchise tax or margin tax in the nature of an income or gross receipts tax) expense, (iii)
depreciation and amortization expense, and (iv) non-cash charges, minus (b) equity in
earnings from unconsolidated subsidiaries of the Borrower to the extent included therein,
plus (c) the amount of cash dividends or distributions payable with respect to such period
by a Project Finance Subsidiary or an unconsolidated subsidiary which are actually received by the
Borrower or a Subsidiary (other than a Project Finance Subsidiary) during such period or on or
prior to the date the financial statements with respect to such period referred to in Section 5.01
are required to be delivered by the Borrower, plus (d) the amount of all payments during
such period on leases of the type referred to in clause (d) of the definition herein of
Indebtedness and the amount of all payments during such period under other off-balance sheet loans
and financings of the type referred to in such clause (d), minus (e) the amount of any cash
dividends, repayments of loans or advances, releases or discharges of guarantees or other
obligations or other transfers of property or returns of capital previously received by the
Borrower or a Subsidiary (other than a Project Finance Subsidiary) from a Project Finance
Subsidiary that during such period were either (x) recovered pursuant to recourse provisions with
respect to a Project Financing at such Project Finance Subsidiary or (y) reinvested by the Borrower
or a Subsidiary in such Project Finance Subsidiary, minus (f) non-cash gains.

5

 

     “Consolidated Indebtedness” means for any date, the Indebtedness of the Borrower and
its consolidated Subsidiaries (excluding Project Finance Subsidiaries) including, without
duplication, guaranties of funded debt, determined on a consolidated basis as of such date.

     “Consolidated Interest Expense” means for any period, the interest expense of the
Borrower and its consolidated Subsidiaries (excluding Project Finance Subsidiaries), determined on
a consolidated basis for such period.

     “Consolidated Net Tangible Assets” means, at any date of determination, the total
amount of assets of EPD and its consolidated subsidiaries after deducting therefrom:

     (a) all current liabilities (excluding (A) any current liabilities that by their terms are
extendable or renewable at the option of the obligor thereon to a time more than 12 months after
the time as of which the amount thereof is being computed, and (B) current maturities of long-term
debt); and

     (b) the value (net of any applicable reserves) of all goodwill, trade names, trademarks,
patents and other like intangible assets, all as set forth, or on a pro forma basis would be set
forth, on the consolidated balance sheet of EPD and its consolidated subsidiaries for EPD’s most
recently completed fiscal quarter, prepared in accordance with GAAP.

     “Consolidated Net Worth” means as to any Person, at any date of determination, the sum
of (i) preferred stock (if any), (ii) an amount equal to (a) the face amount of outstanding Hybrid
Securities not in excess of 15% of Consolidated Total Capitalization times (b) sixty-two
and one-half percent (62.5%), (iii) par value of common stock, (iv) capital in excess of par value
of common stock, (v) limited liability company capital or equity, and (vi) retained earnings, less
treasury stock (if any), of such Person, all as determined on a consolidated basis.

     “Consolidated Total Capitalization” means the sum of (i) Consolidated Indebtedness and
(ii) Borrower’s Consolidated Net Worth.

     “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

     “Debt Coverage Ratio” means the ratio of Consolidated Indebtedness to Consolidated
EBITDA.

     “Default” means any event or condition which constitutes an Event of Default or which
upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.

     “Defaulting Lender” means, subject to Section 2.21(b), any Lender that (a) has failed
to perform any of its funding obligations hereunder, including in respect of its Revolving Loans or
participations in respect of Letters of Credit or Swingline Loans, within three Business Days of
the date required to be funded by it hereunder, (b) has notified the Borrower, or the
Administrative Agent that it does not intend to comply with its funding obligations or has made a
public statement to that effect with respect to its funding obligations hereunder or generally
under other agreements in which it commits to extend credit and has not retracted such statement

6

 

or announcement, (c) has failed, within three Business Days after written request by the
Administrative Agent or the Borrower, to confirm in writing that it will comply with its funding
obligations; provided that any such Lender shall cease to be a Defaulting Lender under this
clause (c) upon receipt of such confirmation by the Administrative Agent, or (d) has, or has a
direct or indirect parent company that has, other than via an Undisclosed Administration (i) become
the subject of a proceeding under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law, (ii) had a receiver, conservator, trustee, administrator, assignee for
the benefit of creditors or similar Person charged with reorganization or liquidation of its
business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated
its consent to, approval of or acquiescence in any such proceeding or appointment; provided
that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of
any equity interest in that Lender or any direct or indirect parent company thereof, or the
exercise of control over such Lender or direct or indirect parent company thereof, by a
Governmental Authority so long as such ownership interest does not result in or provide such Lender
with immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Lender (or such Governmental
Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such
Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under
any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest
error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.21(b)) upon
delivery of written notice of such determination to the Borrower, the Issuing Bank and the
Swingline Lender. As used herein, “Undisclosed Administration” means in relation to a
Lender the appointment of an administrator, provisional liquidator, conservator, receiver, trustee,
custodian or other similar official by a supervisory authority or regulator under or based on the
law in the country where such Lender is subject to home jurisdiction supervision if applicable law
requires that such appointment is not to be publicly disclosed.

     “DEP” means Duncan Energy Partners L.P., a Delaware limited partnership.

     “Disclosed Matters” means the actions, suits and proceedings and the environmental
matters disclosed in Schedule 3.05.

     “dollars” or “$” refers to lawful money of the United States of America.

     “Effective Date” means the date on or prior to September 30, 2011 specified in the
notice referred to in the last sentence of Section 4.01.

     “Enterprise GP” means Enterprise Products Holdings LLC, a Delaware limited liability
company, the general partner of EPD.

     “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders,
decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into
by any Governmental Authority, relating in any way to the environment, preservation or reclamation
of natural resources, the management, release or threatened release of any Hazardous Material or to
health and safety matters.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of

7

 

any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing.

     “EPCO” means Enterprise Products Company, a Texas corporation.

     “EPD” means Enterprise Products Partners L.P., a Delaware limited partnership, any
legal successor entity thereto, or any other Person that is the “Guarantor” as defined in the March
15, 2000 Indenture or any replacement or supplemental indenture.

     “EPD Guaranty Agreement” means an agreement in form and substance satisfactory to the
Administrative Agent by EPD and Borrower guaranteeing, unconditionally, payment of any principal of
or interest on the Loans, any reimbursement obligations in respect of any LC Disbursement or any
other amount payable under this Agreement by the Borrower (with respect to EPD) and/or CEGP (with
respect to both EPD and Borrower), when and as the same shall become due and payable.

     “Equity Interest” means shares of the capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or other equity interests
in any Person, or any warrants, options or other rights to acquire such interests.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time.

     “ERISA Affiliate” means any trade or business (whether or not incorporated) that,
together with the Borrower is treated as a single employer under Section 414(b) or (c) of the Code
or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

     “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day
notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding
deficiency” as defined in Section 412 of the Code or Section 302 of ERISA, whether or not waived;
(c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application
for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the
Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to
the termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate from the PBGC
or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to
appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or
Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the
receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is,
or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

8

 

     “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of
the Board, as in effect from time to time.

     “Eurodollar”, when used in reference to any Loan or Borrowing, refers to a Loan, or
Loans, in the case of a Borrowing, which bear interest at a rate determined by reference to the
LIBO Rate.

     “Eurodollar Rate Reserve Percentage” of any Lender for any Interest Period for each
Revolving Eurodollar Borrowing means the reserve percentage applicable during such Interest Period
(or if more than one such percentage shall be so applicable, the daily average of such percentages
for those days in such Interest Period during which any such percentage shall be so applicable)
under regulations issued from time to time by the Board for determining the maximum reserve
requirement (including, without limitation, any emergency, supplemental or other marginal reserve
requirement) for such Lender with respect to liabilities or assets consisting of or including
Eurocurrency Liabilities having a term equal to such Interest Period.

     “Event of Default” has the meaning assigned to such term in Article VII.

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the
Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of
the Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income
by the United States of America, by any state thereof or the District of Columbia or by the
jurisdiction under the laws of which such recipient is organized or in which its principal office
is located or, in the case of any Lender, in which its applicable lending office is located or
where it is resident or carrying on business, (b) any branch profits taxes imposed by the United
States of America, any state thereof or the District of Columbia or any similar tax imposed by any
other jurisdiction in which the Administrative Agent, such Lender or such other recipient is
located, (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the
Borrower under Section 2.19(b)), any United States withholding tax that is imposed on amounts
payable to such Foreign Lender at the time such Foreign Lender becomes a party to this Agreement
(or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply
with Section 2.17(e), except to the extent that such Foreign Lender (or its assignor, if any) was
entitled, at the time of designation of a new lending office (or assignment), to receive additional
amounts from the Borrower or CEGP with respect to such withholding tax pursuant to Section 2.17(a),
and (d) any withholding tax that is imposed under the provisions of the Income Tax Act (Canada) on
amounts paid or payable to any Person that is attributable to such Person not dealing at arm’s
length (within the meaning of the Income Tax Act (Canada)) with the person making such payment.
Notwithstanding anything to the contrary contained in this definition (except clause (d)),
“Excluded Taxes” shall not include any withholding tax imposed at any time on payments made by or
on behalf of CEGP to any Lender hereunder or under any other Loan Document, provided that
such Lender shall have complied with Section 2.17(e).

     “Existing Credit Facility” means the revolving credit facility of the Borrower under
that certain Amended and Restated Revolving Credit Agreement dated as of November 19, 2007, among
the Borrower, Wells Fargo Bank, National Association, as administrative agent, and the lenders
party thereto, together with any and all amendments and supplements thereto.

9

 

     “Existing DEP Credit Facilities” means (i) the revolving credit and term loan
facilities of DEP under that certain Revolving Credit and Term Loan Agreement dated October 25,
2010, among DEP, the lenders party thereto and Wells Fargo Bank, National Association,
successor-in-interest to Wachovia Bank, National Association, as administrative agent, and (y) the
term loan facility of DEP under that certain Term Loan Agreement dated April 18, 2008 among DEP,
the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent,
together in each case with any and all amendments and supplements thereto.

     “Existing Letters of Credit” means the outstanding letters of credit issued by Wells
Fargo Bank, National Association, for the account of the Borrower under the Existing Credit
Facility or the Existing DEP Facilities prior to the Effective Date and listed on Schedule 1.01.

     “Exposure” means, with respect to any Lender at any time, the sum of the outstanding
principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at
such time.

     “FATCA” means the Foreign Account Tax Compliance Act, sections 1471 through 1474 of
the Code and any regulations or official interpretations thereof (other than for purposes of
Section 2.17(e), as such Code sections, regulations and official interpretations are in effect as
of the date of this Agreement).

     “Federal Funds Effective Rate” means, for any day, the weighted average of the rates
on overnight Federal funds transactions with members of the Federal Reserve System arranged by
Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank
of New York, or, if such rate is not so published for any day that is a Business Day, the average
of the quotations for such day for such transactions received by the Administrative Agent from
three Federal funds brokers of recognized standing selected by it.

     “Financial Officer” means the chief financial officer, principal accounting officer,
treasurer or controller of the Manager on behalf of the Borrower.

     “Fitch” means Fitch, Inc.

     “Foreign Lender” means any Lender that (i) as to the Borrower, is organized under the
laws of a jurisdiction other than the United States of America, any state thereof or the District
of Columbia, and (ii) with respect to CEGP, is organized under the Laws of a jurisdiction other
than Canada or any province thereof (including in each case such a Lender when acting in the
capacity of the Issuing Bank).

     “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect
to the Issuing Bank, such Defaulting Lender’s LC Exposure other than LC Exposure as to which such
Defaulting Lender’s participation obligation has been reallocated to other Lenders or secured by
cash collateral in accordance with the terms hereof, and (b) with respect to the Swingline Lender,
such Defaulting Lender’s Swingline Exposure other than Swingline Exposure as to which such
Defaulting Lender’s participation obligation has been reallocated to other Lenders or secured by
cash collateral in accordance with the terms hereof.

     “GAAP” means generally accepted accounting principles in the United States of America.

10

 

     “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government.

     “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature, in each case
regulated pursuant to any Environmental Law.

     “Hedging Agreement” means a financial instrument or security which is used as a cash
flow or fair value hedge to manage the risk associated with a change in interest rates, foreign
currency exchange rates or commodity prices.

     “Hybrid Securities” means any trust preferred securities, or deferrable interest
subordinated debt with a maturity of at least 20 years, which provides for the optional or
mandatory deferral of interest or distributions, issued by the Borrower, or any business trusts,
limited liability companies, limited partnerships or similar entities (i) substantially all of the
common equity, general partner or similar interests of which are owned (either directly or
indirectly through one or more wholly owned Subsidiaries) at all times by the Borrower or any of
its Subsidiaries, (ii) that have been formed for the purpose of issuing hybrid securities or
deferrable interest subordinated debt, and (iii) substantially all the assets of which consist of
(A) subordinated debt of the Borrower or a Subsidiary of the Borrower, and (B) payments made from
time to time on the subordinated debt.

     “Indebtedness” of any Person means, without duplication, (a) all obligations of such
Person for the repayment of money borrowed which are or should be shown on a balance sheet as debt
in accordance with GAAP, (b) obligations of such Person as lessee under leases which, in accordance
with GAAP, are capital leases, (c) guaranties of such Person of payment or collection of any
obligations described in clauses (a) and (b) of other Persons; and (d) all obligations of such
Person under any synthetic lease, tax retention operating lease, off-balance sheet loan or similar
off-balance sheet financing if the obligation under such synthetic lease, tax retention operating
lease, off-balance sheet loan or similar off-balance sheet financing, as the case may be, is
considered indebtedness for borrowed money for tax purposes but is classified as an operating lease
in accordance with GAAP; provided, that (i) clauses (a) and (b) include, in the case of
obligations of the Borrower or any Subsidiary, only such obligations as are or should be shown as
debt or capital lease liabilities on a consolidated balance sheet of the Borrower in accordance
with GAAP, (ii) clause (c) includes, in the case of guaranties granted by the Borrower or any
Subsidiary, only such guaranties of obligations of another Person that are or should be shown as
debt or capital lease liabilities on a consolidated balance sheet of such Person in accordance with
GAAP, and (iii) the liability of any Person as a general partner of a partnership for Indebtedness
of such partnership, if such partnership is not a Subsidiary of such Person, shall not constitute
Indebtedness.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

11

 

     “Index Debt” means senior, unsecured, non-credit enhanced (except for any guaranty by
EPD) Indebtedness of the Borrower.

     “Information Memorandum” means the Confidential Information Memorandum dated August,
2011 relating to the Borrower and the Transactions.

     “Interest Election Request” means a request by the Borrower to convert or continue a
Revolving Borrowing in accordance with Section 2.08, and being in the form of attached Exhibit C.

     “Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline
Loan), the last day of each March, June, September and December, (b) with respect to any Eurodollar
Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part
and, in the case of a Eurodollar Borrowing with an Interest Period of more than three (3) months’
duration, each day that occurs an integral multiple of three (3) months after the first day of such
Interest Period, and (c) with respect to any Swingline Loan, the day that such Loan is required to
be repaid.

     “Interest Period” means with respect to any Eurodollar Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day in the
calendar month that is one, two, three or six months (or, if available to all Lenders, 12 months)
thereafter, as the Borrower may elect; provided, that (i) if any Interest Period
would end on a day other than a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless, in the case of a Eurodollar Borrowing only, such next succeeding
Business Day would fall in the next calendar month, in which case such Interest Period shall end on
the next preceding Business Day and (ii) any Interest Period pertaining to a Eurodollar Borrowing
that commences on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the last calendar month of such Interest Period) shall end on the
last Business Day of the last calendar month of such Interest Period. For purposes of this
definition, the date of a Borrowing initially shall be the date on which such Borrowing is made
and, in the case of a Revolving Borrowing, thereafter shall be the effective date of the most
recent conversion or continuation of such Borrowing.

     “Issuing Bank” means Wells Fargo Bank, National Association, in its capacity as the
issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section
2.06(i); provided, that, for purposes of the Existing Letters of Credit, the term
“Issuing Bank” shall mean Wells Fargo Bank, National Association, in its capacity as issuer of the
Existing Letters of Credit under the Existing Credit Facility. The Issuing Bank may arrange for
one or more Letters of Credit to be issued by Affiliates of the Issuing Bank if the Borrower (in
its sole discretion) approves such arrangement in writing, in which case the term “Issuing Bank”
shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.
Administrative Agent may, with the consent of the Borrower and the Lender in question, appoint any
Lender hereunder as Issuing Bank in place of or in addition to Wells Fargo Bank, National
Association.

     “LC Disbursement” means a payment made by the Issuing Bank pursuant to a Letter of
Credit.

12

 

     “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all
outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements
that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of
any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.

     “Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall
have become a party hereto pursuant to an Assignment and Acceptance or pursuant to Section 2.01(b),
other than any such Person that ceases to be a party hereto pursuant to an Assignment and
Acceptance or pursuant to Section 2.01(c). Unless the context otherwise requires, the term
“Lenders” includes the Swingline Lender.

     “Letter of Credit” means, collectively, the Existing Letters of Credit and any letter
of credit issued pursuant to this Agreement.

     “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period,
(a) the rate per annum appearing at Reuters Reference LIBOR01 page (or on any successor thereto or
substitute therefor provided by Reuters, providing rate quotations comparable to those currently
provided on such page, as determined by the Administrative Agent from time to time for purposes of
providing quotations of interest rates applicable to dollar deposits in the London interbank
market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of
such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest
Period; (b) if for any reason the rate specified in clause (a) of this definition does not so
appear at Reuters Reference LIBOR01 page (or any successor thereto or substitute therefor provided
by Reuters), the rate per annum appearing on Bloomberg Financial Markets Service (or any successor
thereto) as the London interbank offered rate for deposits in dollars at approximately 11:00 a.m.,
London time, two Business Days prior to the commencement of such Interest Period for a maturity
comparable to such Interest Period; and (c) if the rate specified in clause (a) of this definition
does not so appear at Reuters Reference LIBOR01 page (or any successor thereto or substitute
therefor provided by Reuters) and if no rate specified in clause (b) of this definition so appears
on Bloomberg Financial Markets Service (or any successor thereto), the average of the interest
rates per annum at which dollar deposits of $5,000,000 and for a maturity comparable to such
Interest Period are offered by the respective principal London offices of the Reference Banks in
immediately available funds in the London interbank market at approximately 11:00 a.m., London
time, two Business Days prior to the commencement of such Interest Period.

     “LIBO Market Index Rate” means, for any day, with respect to any LMIR Borrowing or
LMIR Loan, or any determination of the Alternate Base Rate pursuant to clause (c) of the definition
thereof: (a) the rate per annum appearing at Reuters Reference LIBOR01 page (or on any successor
thereto or substitute therefor provided by Reuters, providing rate quotations comparable to those
currently provided on such page, as determined by the Administrative Agent (or, as to Swingline
Loans, the Swingline Lender) from time to time for purposes of providing quotations of interest
rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m.,
London time for such day, provided, if such day is not a Business Day, the immediately preceding
Business Day, as the rate for dollar deposits with a one-month maturity; (b) if for any reason the
rate specified in clause (a) of this definition does not so appear at Reuters Reference LIBOR01
page (or any successor thereto or substitute therefor provided by Reuters), the rate per annum
appearing on Bloomberg Financial Markets Service (or any

13

 

successor thereto) as the London interbank offered rate for deposits in dollars at
approximately 11:00 a.m., London time, for such day, provided, if such day is not a Business Day,
the immediately preceding Business Day, for a one-month maturity; and (c) if the rate specified in
clause (a) of this definition does not so appear at Reuters Reference LIBOR01 page (or any
successor thereto or substitute therefor provided by Reuters) and if no rate specified in clause
(b) of this definition so appears on Bloomberg Financial Markets Service (or any successor
thereto), the average of the interest rates per annum at which dollar deposits of $5,000,000 and
for a one-month maturity are offered by the respective principal London offices of the Reference
Banks in immediately available funds in the London interbank market at approximately 11:00 a.m.,
London time, for such day.

     “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement relating to such asset and (c) in the case of securities, any purchase option,
call or similar right of a third party with respect to such securities. For avoidance of doubt,
operating leases are not “Liens”.

     “LMIR”, when used in reference to any Loan or Borrowing, refers to a Loan, or Loans,
in the case of a Borrowing, which bear interest at a rate determined by reference to the LIBO
Market Index Rate.

     “Loans” means the loans made by the Lenders to the Borrower pursuant to this
Agreement.

     “Manager” means Enterprise Products OLPGP, Inc., a Delaware corporation.

     “March 15, 2000 Indenture” means that certain Indenture dated as of March 15, 2000,
among the Borrower, EPD and Wells Fargo Bank, National Association, successor-in-interest to
Wachovia Bank, National Association, f/k/a First Union National Bank, as Trustee.

     “Material Adverse Change” means a material adverse change, from that in effect on
December 31, 2010, in the financial condition or results of operations of the Borrower and its
consolidated Subsidiaries taken as a whole, as indicated in the most recent quarterly or annual
financial statements, except as otherwise disclosed in the Borrower’s and/or EPD’s filings with the
SEC prior to the date hereof.

     “Material Adverse Effect” means a material adverse effect on the financial condition
or results of operations of the Borrower and its consolidated Subsidiaries taken as a whole, as
indicated in the most recent quarterly or annual financial statements.

     “Material Indebtedness” means Indebtedness (other than the Loans and Letters of
Credit), of any one or more of the Borrower and its Subsidiaries (other than Project Finance
Subsidiaries) in an aggregate principal amount exceeding $100,000,000.

     “Material Project” means the construction or expansion of any capital project of the
Borrower or any of its Subsidiaries, the aggregate capital cost of which exceeds $50,000,000.

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     “Material Project EBITDA Adjustments” shall mean, with respect to each Material
Project:

     (A) prior to the Commercial Operation Date of a Material Project (but including the fiscal
quarter in which such Commercial Operation Date occurs), a percentage (based on the then-current
completion percentage of such Material Project) of an amount to be approved by the Administrative
Agent as the projected Consolidated EBITDA of Borrower and its Subsidiaries attributable to such
Material Project for the first 12-month period following the scheduled Commercial Operation Date of
such Material Project (such amount to be determined based on customer contracts or tariff-based
customers relating to such Material Project, the creditworthiness of the other parties to such
contracts or such tariff-based customers, and projected revenues from such contracts, tariffs,
capital costs and expenses, scheduled Commercial Operation Date, oil and gas reserve and production
estimates, commodity price assumptions and other factors deemed appropriate by Administrative
Agent), which may, at the Borrower’s option, be added to actual Consolidated EBITDA for the
Borrower and its Subsidiaries for the fiscal quarter in which construction of such Material Project
commences and for each fiscal quarter thereafter until the Commercial Operation Date of such
Material Project (including the fiscal quarter in which such Commercial Operation Date occurs, but
net of any actual Consolidated EBITDA of the Borrower and its Subsidiaries attributable to such
Material Project following such Commercial Operation Date); provided that if the actual
Commercial Operation Date does not occur by the scheduled Commercial Operation Date, then the
foregoing amount shall be reduced, for quarters ending after the scheduled Commercial Operation
Date to (but excluding) the first full quarter after its Commercial Operation Date, by the
following percentage amounts depending on the period of delay (based on the period of actual delay
or then-estimated delay, whichever is longer): (i) 90 days or less, 0%, (ii) longer than 90 days,
but not more than 180 days, 25%, (iii) longer than 180 days but not more than 270 days, 50%, and
(iv) longer than 270 days, 100%; and

     (B) beginning with the first full fiscal quarter following the Commercial Operation Date of a
Material Project and for the two immediately succeeding fiscal quarters, an amount to be approved
by the Administrative Agent as the projected Consolidated EBITDA of Borrower and its Subsidiaries
attributable to such Material Project (determined in the same manner as set forth in clause (A)
above) for the balance of the four full fiscal quarter period following such Commercial Operation
Date, which may, at the Borrower’s option, be added to actual Consolidated EBITDA for the Borrower
and its Subsidiaries for such fiscal quarters.

     Notwithstanding the foregoing:

     (i) no such additions shall be allowed with respect to any Material Project unless:

     (a) not later than 30 days prior to the delivery of any certificate required by the
terms and provisions of Section 5.01(e) to the extent Material Project EBITDA Adjustments
will be made to Consolidated EBITDA in determining compliance with Section 6.07, the
Borrower shall have delivered to the Administrative Agent written pro forma projections of
Consolidated EBITDA of the Borrower and its Subsidiaries attributable to such Material
Project and

     (b) prior to the date such certificate is required to be delivered, the Administrative
Agent shall have approved (such approval not to be unreasonably

15

 

withheld) such projections and shall have received such other information and
documentation as the Administrative Agent may reasonably request, all in form and substance
satisfactory to the Administrative Agent, and

     (ii) the aggregate amount of all Material Project EBITDA Adjustments during any period shall
be limited to 15% of the total actual Consolidated EBITDA of the Borrower and its Subsidiaries for
such period (which total actual Consolidated EBITDA shall be determined without including any
Material Project EBITDA Adjustments).

     “Material Subsidiary” means each Subsidiary of the Borrower that, as of the last day
of the fiscal year of the Borrower most recently ended prior to the relevant determination of
Material Subsidiaries, has a net worth determined in accordance with GAAP that is greater than 10%
of the Consolidated Net Worth of the Borrower as of such day.

     “Maturity Date” means the fifth anniversary of the Effective Date, as may be extended
pursuant to Section 2.01(c).

     “Moody’s” means Moody’s Investors Service, Inc.

     “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of
ERISA.

     “Notes” means any promissory notes issued by the Borrower or CEGP pursuant to Section
2.10(e)

     “Other Taxes” means any and all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any payment made hereunder
or from the execution, delivery or registration of, or otherwise with respect to, this Agreement.

     “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
and any successor entity performing similar functions.

     “Permitted Liens” means:

     (a) liens upon rights-of-way for pipeline purposes;

     (b) any statutory or governmental lien or lien arising by operation of law, or any mechanics’,
repairmen’s, materialmen’s, suppliers’, carriers’, landlords’, warehousemen’s or similar lien
incurred in the ordinary course of business which is not yet due or which is being contested in
good faith by appropriate proceedings and any undetermined lien which is incidental to
construction, development, improvement or repair; or any right reserved to, or vested in, any
municipality or public authority by the terms of any right, power, franchise, grant, license,
permit or by any provision of law, to purchase or recapture or to designate a purchaser of, any
property;

     (c) liens for taxes, assessments, charges and levies which are (i) for the then current year,
(ii) not at the time delinquent, or (iii) delinquent but the validity or amount of which is being
contested at the time by the Borrower, any Subsidiary or EPD in good faith by appropriate
proceedings;

16

 

     (d) liens of, or to secure performance of, leases, other than capital leases, or any lien
securing industrial development, pollution control or similar revenue bonds;

     (e) any lien upon property or assets acquired or sold by the Borrower, any Subsidiary or EPD
resulting from the exercise of any rights arising out of defaults on receivables;

     (f) any lien in favor of the Borrower, any Subsidiary or EPD; or any lien upon any property or
assets of the Borrower, any Subsidiary or EPD permitted under the March 15, 2000 Indenture, or any
replacement indenture containing similar terms and conditions with respect thereto;

     (g) any lien in favor of the United States of America or any state thereof, or any department,
agency or instrumentality or political subdivision of the United States of America or any state
thereof, to secure partial, progress, advance, or other payments pursuant to any contract or
statute, or any debt incurred by the Borrower, any Subsidiary or EPD for the purpose of financing
all or any part of the purchase price of, or the cost of constructing, developing, repairing or
improving, the property or assets subject to such lien;

     (h) any lien incurred in the ordinary course of business in connection with workmen’s
compensation, unemployment insurance, temporary disability, social security, retiree health or
similar laws or regulations or to secure obligations imposed by statute or governmental
regulations;

     (i) liens in favor of any Person to secure obligations under provisions of any letters of
credit, bank guarantees, bonds or surety obligations required or requested by any governmental
authority in connection with any contract or statute; or any lien upon or deposits of any assets to
secure performance of bids, trade contracts, leases or statutory obligations;

     (j) any lien upon any property or assets created at the time of acquisition of such property
or assets by the Borrower, any Subsidiary or EPD or within one year after such time to secure all
or a portion of the purchase price for such property or assets or debt incurred to finance such
purchase price, whether such debt was incurred prior to, at the time of or within one year after
the date of such acquisition; or any lien upon any property or assets to secure all or part of the
cost of construction, development, repair or improvements thereon or to secure debt incurred prior
to, at the time of, or within one year after completion of such construction, development, repair
or improvements or the commencement of full operations thereof (whichever is later), to provide
funds for any such purpose;

     (k) any lien upon any property or assets (i) existing thereon at the time of the acquisition
thereof by the Borrower, any Subsidiary or EPD, (ii) existing thereon at the time such Person
becomes a Subsidiary by acquisition, merger or otherwise, or (iii) acquired by any Person after the
time such Person becomes a Subsidiary by acquisition, merger or otherwise, to the extent such lien
is created by security documents existing at the time such Person becomes a Subsidiary and not
added to such security documents in contemplation thereof;

     (l) liens imposed by law or order as a result of any proceeding before any court or regulatory
body that is being contested in good faith, and liens which secure a judgment or other
court-ordered award or settlement as to which the Borrower, the applicable Subsidiary or EPD has
not exhausted its appellate rights;

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     (m) any extension, renewal, refinancing, refunding or replacement (or successive extensions,
renewals, refinancing, refunding or replacements) of liens, in whole or in part, referred to in
clauses (a) through (l) above; provided, however, that any such extension, renewal, refinancing,
refunding or replacement lien shall be limited to the property or assets covered by the lien
extended, renewed, refinanced, refunded or replaced and that the obligations secured by any such
extension, renewal, refinancing, refunding or replacement lien shall be in an amount not greater
than the amount of the obligations secured by the lien extended, renewed, refinanced, refunded or
replaced and any expenses of the Borrower, its Subsidiaries and EPD (including any premium)
incurred in connection with such extension, renewal, refinancing, refunding or replacement; or

     (n) any lien resulting from the deposit of moneys or evidence of indebtedness in trust for the
purpose of defeasing debt of the Borrower, any Subsidiary or EPD;.

     “Permitted Sale/Leaseback Transactions” means any Sale/Leaseback Transaction:

     (a) which occurs within one year from the date of completion of the acquisition of the
Principal Property subject thereto or the date of the completion of construction, development or
substantial repair or improvement, or commencement of full operations on such Principal Property,
whichever is later; or

     (b) involves a lease for a period, including renewals, of not more than three years; or

     (c) the Borrower, any Subsidiary or EPD would be entitled to incur Indebtedness, in a
principal amount equal to the Attributable Indebtedness with respect to such Sale/Leaseback
Transaction, secured by a Lien on the property subject to such Sale/Leaseback Transaction pursuant
to Section 6.02 without equally and ratably securing the Indebtedness under this Agreement pursuant
to such Section; or

     (d) the Borrower, any Subsidiary or EPD, within a one-year period after such Sale-Leaseback
Transaction, applies or causes to be applied an amount not less than the Attributable Indebtedness
from such Sale-Leaseback Transaction to (a) the prepayment, repayment, redemption, reduction or
retirement of any Indebtedness of the Borrower, any Subsidiary or EPD that is not subordinated to
the Indebtedness under this Agreement, or (b) the expenditure or expenditures for Principal
Property used or to be used in the ordinary course of business of the Borrower, its Subsidiaries or
EPD.

Notwithstanding the foregoing provisions of this definition, any Sale-Leaseback Transaction not
covered by clauses (a) through (d), inclusive, of this definition, shall nonetheless be a Permitted
Sale/Leaseback Transaction if the Attributable Indebtedness from such Sale-Leaseback Transaction,
together with the aggregate principal amount of outstanding Indebtedness (other than Indebtedness
under this Agreement and Indebtedness under the March 15, 2000 Indenture) secured by Liens other
than Permitted Liens upon Principal Properties, does not exceed 10% of Consolidated Net Tangible
Assets.

     “Person” means any natural person, corporation, limited liability company, trust,
joint venture, association, company, partnership, Governmental Authority or other entity.

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     “Plan” means any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA,
and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated,
would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of
ERISA.

     “Prime Rate” means the rate of interest per annum publicly announced from time to time
by Wells Fargo Bank, National Association as its prime rate in effect. Each change in the Prime
Rate shall be effective from and including the date such change is publicly announced as being
effective.

     “Principal Property” means whether owned or leased on the date hereof or thereafter
acquired:

     (a) any pipeline assets of the Borrower, any Subsidiary or EPD, including any related
facilities employed in the transportation, distribution, storage or marketing of refined petroleum
products, natural gas liquids, and petrochemicals, that are located in the United States of America
or any territory or political subdivision thereof; and

     (b) any processing or manufacturing plant or terminal owned or leased by the Borrower, any
Subsidiary or EPD that is located in the United States or any territory or political subdivision
thereof;

     except, in the case of either of the foregoing clauses (a) or (b):

     (i) any such assets consisting of inventories, furniture, office fixtures and equipment
(including data processing equipment), vehicles and equipment used on, or useful with,
vehicles; and

     (ii) any such assets, plant or terminal which, in the opinion of the Board of Directors
(as defined in the March 15, 2000 Indenture), is not material in relation to the activities
of the Borrower or of EPD and its subsidiaries taken as a whole.

     “Program” means the buy-back program initiated by EPD whereby EPD or the Borrower may
after September 30, 2007 buy back up to the greater of (i) 2,000,000 publicly held Common Units or
(ii) the number of publicly held Common Units the aggregate purchase price of which is $80,000,000.

     “Project Financing” means Indebtedness incurred by a Project Finance Subsidiary to
finance the acquisition or construction of any asset or project which Indebtedness does not permit
or provide for recourse against the Borrower or any of its Subsidiaries (other than any Project
Finance Subsidiary) and other than recourse that consists of rights to recover dividends paid by
such Project Finance Subsidiary.

     “Project Finance Subsidiaries” means a Subsidiary that is (A) created principally to
(i) construct or acquire any asset or project that will be or is financed solely with Project
Financing for such asset or project, related equity investments and any loans to, or capital
contributions in, such Subsidiary that are not prohibited hereby, (ii) own an Equity Interest in a

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Project Finance
Subsidiary, and/or (iii) own an interest in any such asset or project and (B) designated as a
Project Finance Subsidiary by the Borrower in writing to Administrative Agent.

     “Reference Banks” means Wells Fargo Bank, National Association and JPMorgan Chase
Bank, N.A.

     “Register” has the meaning set forth in Section 9.04(c).

     “Related Parties” means, with respect to any specified Person, such Person’s
Affiliates and the respective directors, officers, employees, agents and advisors of such Person
and such Person’s Affiliates.

     “Required Lenders” means, at any time, Lenders having Exposures and unused Commitments
representing more than 50% of the sum of the total Exposures and unused Commitments at such time.

     “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any class of Equity Interests of the Borrower, or any
payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any Equity Interests of EPD or the Borrower or any option, warrant or other right to
acquire any Equity Interests of EPD or the Borrower.

     “Revolving Loan” means a Loan made pursuant to Section 2.03.

     “Sale/Leaseback Transaction” means any arrangement with any Person providing for the
leasing, under a lease that is not a capital lease under GAAP, by the Borrower, or a Subsidiary
(other than a Project Finance Subsidiary) or EPD of any Principal Property, which property has been
or is to be sold or transferred by the Borrower, such Subsidiary or EPD to such Person in
contemplation of such leasing.

     “S&P” means Standard & Poor’s Ratings Services, a division of McGraw Hill Companies,
Inc.

     “SEC” has the meaning set forth in Section 5.01(a).

     “Subsidiary” means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity of which
securities or other ownership interests representing more than 50% of the equity or more than 50%
of the ordinary voting power or, in the case of a partnership, more than 50% of the general
partnership interests, are, as of such date, owned, controlled or held by the parent and one or
more subsidiaries of the parent.

     “Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall
be its Applicable Percentage of the total Swingline Exposure at such time.

     “Swingline Lender” means Wells Fargo Bank, National Association, in its capacity as
lender of Swingline Loans hereunder.

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     “Swingline Loan” means a Loan made pursuant to Section 2.05.

     “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, charges or withholdings imposed by any Governmental Authority.

     “Transactions” means the execution, delivery and performance by the Borrower of this
Agreement, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of
Credit hereunder.

     “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
LIBO Rate or the Alternate Base Rate.

     “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA.

     SECTION 1.02. Classification of Loans and Borrowings. For purposes of this
Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or
by Type (e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar
Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a
“Revolving Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type
(e.g., a “Eurodollar Revolving Borrowing”).

     SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally
to the singular and plural forms of the terms defined. Whenever the context may require, any
pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as
from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person
shall be construed to include such Person’s successors and assigns, (c) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (d) all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights.

     SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with (i) except for
purposes of Section 6.07, GAAP, as in effect from time to time; provided that, if
the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any
provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or
in the application thereof on the operation of such provision (or if the Administrative Agent
notifies the Borrower that the
Required Lenders request an amendment to any provision hereof

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for such purpose), regardless of
whether any such notice is given before or after such change in GAAP or in the application thereof,
then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith; and (ii) for purposes of Section 6.07, GAAP, as in effect
on June 30, 2011.

ARTICLE II

The Credits

     SECTION 2.01. Commitments. (a) Subject to the terms and conditions set forth
herein, each Lender agrees to make Revolving Loans in Dollars to the Borrower and CEGP (subject to
the CEGP Sublimit) from time to time during the Availability Period in an aggregate principal
amount that will not result in (i) such Lender’s Exposure exceeding such Lender’s Commitment, (ii)
the sum of the total Exposures exceeding the total Commitments or (iii) with respect to Revolving
Loans to be made to CEGP, the CEGP Exposure exceeding the CEGP Sublimit. Within the foregoing
limits and subject to the terms and conditions set forth herein, the Borrower and CEGP (subject to
the CEGP Sublimit) may borrow, prepay and reborrow Revolving Loans.

     (b) The Borrower shall have the right, without the consent of the Lenders but with the prior
approval of the Administrative Agent, not to be unreasonably withheld, to cause from time to time
an increase in the total Commitments of the Lenders by adding to this Agreement one or more
additional Lenders or by allowing one or more Lenders to increase their respective Commitments;
provided however (i) no Event of Default shall have occurred hereunder which is
continuing, (ii) no such increase shall cause the aggregate Commitments hereunder to exceed
$4,000,000,000, and (iii) no Lender’s Commitment shall be increased without such Lender’s consent.

     (c) The Borrower may make up to two (2) requests for a one-year extension of the Maturity Date
by delivering a written request for same to the Administrative Agent no earlier than 30 days prior
to the first anniversary of the Effective Date and no later than 30 days prior to the Maturity Date
(or previously extended Maturity Date pursuant hereto). Any such extension shall be effective if
(i) consented to by Required Lenders within thirty (30) days after such request, (ii) on the
Maturity Date as it existed immediately before such extension (A) the Commitments of the dissenting
Lenders are terminated (which termination shall be effective automatically), (B) all amounts owing
to such dissenting Lenders are paid in full (which payments shall not be subject to Section 2.11),
and (C) the total Commitments are permanently reduced by an amount equal to such dissenting
Lenders’ Commitments so terminated, except to the extent that the Commitments of the dissenting
Lenders are replaced pursuant to Section 2.19(b) and/or one or more Lenders agree(s) to increase
their respective Commitment(s), (iii) all conditions precedent for a Borrowing set forth in Section
4.02 have been satisfied, and (iv) the
Borrower does not withdraw its request for such extension before the Maturity Date (or
previously extended Maturity Date pursuant hereto).

     SECTION 2.02. Loans and Borrowings. (a) Each Revolving Loan shall be made as part
of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their
respective Commitments. The failure of any Lender to make any Loan required to be made by it shall
not relieve any other Lender of its obligations hereunder; provided that the

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Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s
failure to make Loans as required.

     (b) Subject to Section 2.14, each Revolving Borrowing shall be comprised entirely of ABR Loans
or Eurodollar Loans as the Borrower may request in accordance herewith. Each Swingline Loan shall
(i) prior to the acquisition by any Lender of a participation therein pursuant to Section 2.05(c),
be an LMIR Loan, and (ii) upon and following the acquisition by any Lender of a participation
therein, be an ABR Loan. Each Lender at its option may make any Eurodollar Loan (or, as to Loans
to CEGP, any Loan) by causing any domestic or foreign branch or Affiliate of such Lender to make
such Loan; provided that any exercise of such option shall not affect the
obligation of the Borrower or CEGP to repay such Loan in accordance with the terms of this
Agreement.

     (c) At the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less
than $5,000,000. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in
an aggregate amount that is an integral multiple of $500,000 and not less than $1,000,000;
provided that an ABR Revolving Borrowing may be in an aggregate amount that is
equal to the entire unused balance of the total Commitments or that is required to finance the
reimbursement of an LC Disbursement as contemplated by Section 2.06(e). Each Swingline Loan shall
be in an amount that is an integral multiple of $500,000 and not less than $5,000,000. Borrowings
of more than one Type and Class may be outstanding at the same time; provided that
there shall not at any time be more than a total of twelve Eurodollar Revolving Borrowings
outstanding.

     (d) Notwithstanding any other provision of this Agreement, neither the Borrower nor CEGP shall
be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period
requested with respect thereto would end after the Maturity Date.

     SECTION 2.03. Requests for Revolving Borrowings. To request a Revolving Borrowing,
the Borrower, for itself or on behalf of CEGP, shall notify the Administrative Agent of such
request by telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York
City time, three Business Days before the date of the proposed Borrowing or (b) in the case of an
ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed
Borrowing; provided that any such notice of an ABR Revolving Borrowing to finance
the reimbursement of an LC Disbursement as contemplated by Section 2.06(e) may be given not later
than 10:00 a.m., New York City time, on the date of the proposed Borrowing. In connection with the
foregoing, CEGP hereby irrevocably appoints the Borrower as its agent for purposes of requesting
Revolving Borrowings hereunder in the name of CEGP. Each such telephonic Borrowing Request shall
be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative
Agent of a written Borrowing Request signed by the
Borrower. Each such telephonic and written Borrowing Request shall specify the following
information in compliance with Section 2.02:

     (i) the aggregate amount of the requested Borrowing;

     (ii) the date of such Borrowing, which shall be a Business Day;

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     (iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing;

     (iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the term
“Interest Period”; and

     (v) whether such Borrowing is for the account of the Borrower or CEGP, and the location
and number of the Borrower’s or CEGP’s account to which funds are to be disbursed, which
shall comply with the requirements of Section 2.07.

If no election as to the Type of Revolving Borrowing is specified, then the requested Revolving
Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any
requested Eurodollar Revolving Borrowing, then the Borrower or CEGP, as applicable, shall be deemed
to have selected an Interest Period of one month’s duration. Promptly following receipt of a
Borrowing Request in accordance with this Section, the Administrative Agent shall advise each
Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the
requested Borrowing.

     SECTION 2.04. Reserved.

     SECTION 2.05. Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans to the Borrower and CEGP (subject to
the CEGP Sublimit) from time to time during the Availability Period, in an aggregate principal
amount at any time outstanding that will not result in (i) the aggregate principal amount of
outstanding Swingline Loans exceeding $100,000,000, (ii) the sum of the total Exposures exceeding
the total Commitments or (iii) with respect to Swingline Loans to CEGP, the CEGP Exposure exceeding
the CEGP Sublimit; provided that the Swingline Lender shall not be required to make
a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and
subject to the terms and conditions set forth herein, the Borrower and CEGP (subject to the CEGP
Sublimit) may borrow, prepay and reborrow Swingline Loans.

     (b) To request a Swingline Loan, the Borrower, for itself or on behalf of CEGP, shall notify
the Administrative Agent of such request by telephone (confirmed by telecopy), not later than 12:00
noon, New York City time, on the day of a proposed Swingline Loan. In connection with the
foregoing, CEGP hereby irrevocably appoints the Borrower as its agent for purposes of requesting
Swingline Loans hereunder in the name of CEGP. Each such notice shall be irrevocable and shall
specify the requested date (which shall be a Business Day), whether such Swingline Loan is for the
Borrower or CEGP, and amount of the requested Swingline Loan. The Administrative Agent will
promptly advise the Swingline Lender of any such notice received from the Borrower. The Swingline
Lender shall make each Swingline Loan available to the
Borrower or CEGP, as applicable, by means of a credit to the general deposit account of the
Borrower or CEGP, as applicable, with the Swingline Lender (or, in the case of a Swingline Loan
made to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e), by
remittance to the Issuing Bank) by 3:00 p.m., New York City time, on the requested date of such
Swingline Loan.

     (c) The Swingline Lender may by written notice given to the Administrative Agent not later
than 10:00 a.m., New York City time, on any Business Day require the Lenders to

24

 

acquire
participations on such Business Day in all or a portion of the Swingline Loans outstanding. Such
notice shall specify the aggregate amount of Swingline Loans in which the Lenders will participate.
Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each
Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or
Swingline Loans, as the case may be. Each Lender hereby absolutely and unconditionally agrees,
upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of
the Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or Swingline
Loans, as the case may be. Each Lender acknowledges and agrees that its obligation to acquire
participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and
shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a
Default or reduction or termination of the Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever. Each Lender shall comply with
its obligation under this paragraph by wire transfer of immediately available funds, in the same
manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07
shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the
Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from
the Lenders. The Administrative Agent shall notify the Borrower of any participations in any
Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such
Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any
amounts received by the Swingline Lender from the Borrower or CEGP (or other party on behalf of the
Borrower or CEGP) in respect of a Swingline Loan after receipt by the Swingline Lender of the
proceeds of a sale of participations therein shall be promptly remitted to the Administrative
Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the
Administrative Agent to the Lenders that shall have made their payments pursuant to this paragraph
and to the Swingline Lender, as their interests may appear. The purchase of participations in a
Swingline Loan pursuant to this paragraph shall not relieve the Borrower or CEGP of any default in
the payment thereof.

     (d) At any time that there shall exist a Defaulting Lender, the Borrower or CEGP, as
applicable, shall, if the full amount of the Fronting Exposure with respect to such Defaulting
Lender has not been reallocated pursuant to Section 2.21(a)(iv), deliver to the Swingline Lender
cash collateral in an amount equal to 102% of such unallocated Fronting Exposure to secure such
unallocated Fronting Exposure with respect to such Defaulting Lender’s Swingline Exposure as
required pursuant to Section 2.06(j).

     SECTION 2.06. Letters of Credit. (a) General. Subject to the terms and
conditions set forth herein, the Borrower may request the issuance of Letters of Credit for its own
account, for and on behalf of itself or any Subsidiary, in a form reasonably acceptable to the
Administrative Agent and the Issuing Bank, at
any time and from time to time during the Availability Period. In the event of any
inconsistency between the terms and conditions of this Agreement and the terms and conditions of
any form of letter of credit application or other agreement submitted by the Borrower to, or
entered into by the Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and
conditions of this Agreement shall control. The Borrower unconditionally and irrevocably agrees
that, in connection with any Letter of Credit issued for the account of any Subsidiary as provided
in the first sentence of this paragraph, it will be fully responsible for the reimbursement of LC
Disbursements, the payment of interest thereon and the payment of fees

25

 

due under Section 2.12(b) to
the same extent as if it were the sole account party in respect of such Letter of Credit.

     (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter
of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication,
if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the
Administrative Agent three Business Days (or such shorter period as may be acceptable to the
Issuing Bank) in advance of the requested date of issuance, amendment, renewal or extension) a
notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be
amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension
(which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall
comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and
address of the beneficiary thereof and such other information as shall be necessary to prepare,
amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also
shall submit a letter of credit application on the Issuing Bank’s standard form in connection with
any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or
extended if and only if (and upon issuance, amendment, renewal or extension of each Letter of
Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such
issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $500,000,000 and
(ii) the sum of the total Exposures shall not exceed the total Commitments; provided, in no
event shall any Issuing Bank be required to issue any Letter of Credit at any time a Lender is a
Defaulting Lender, unless (i) the actual or potential Fronting Exposure with respect to such
Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that
Letter of Credit and all other LC Exposure as to which the Issuing Bank has actual or potential
Fronting Exposure, has been fully reallocated pursuant to Section 2.21(a)(iv) or cash
collateralized pursuant to Section 2.06(j), or (ii) the Issuing Bank has entered into other
arrangements satisfactory to the Issuing Bank (in its sole discretion) with the Borrower or such
Defaulting Lender to eliminate such actual or potential Fronting Exposure, as the Issuing Bank may
elect in its sole discretion.

     (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the earlier of (i) the date one year after the date of the issuance of such Letter of
Credit (or, in the case of any renewal or extension thereof, one year after such renewal or
extension) and (ii) the date that is five Business Days prior to the Maturity Date;
provided, if the Borrower so requests, the Issuing Bank may, in its sole and absolute
discretion, agree to issue a Letter of Credit that has automatic renewal provisions (each, an
“Auto-Renewal Letter of Credit”); provided that any such Auto-Renewal Letter of
Credit must permit the Issuing Bank to prevent any such renewal at least once in each twelve-month
period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to
the beneficiary thereof not later than (A) thirty (30) days before the end of such twelve-month
period, or (B) such later date to be
agreed upon at the time such Letter of Credit is issued (the “Nonrenewal Notice
Date”). Once an Auto-Renewal Letter of Credit has been issued, the Lenders shall be deemed to
have authorized (but may not require) the Issuing Bank to permit the renewal of such Letter of
Credit at any time prior to the date set forth in clause (ii) of this Section 2.06(c); provided
that the expiry date of such Letter of Credit complies with clause (ii) of this Section 2.06(c).

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     (d) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the
Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Lender, and each Lender hereby
acquires from the Issuing Bank, a participation in such Letter of Credit equal to such Lender’s
Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit.
In consideration and in furtherance of the foregoing, each Lender hereby absolutely and
unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank,
such Lender’s Applicable Percentage of each LC Disbursement made by the Issuing Bank and not
reimbursed by the Borrower on the date due as provided in paragraph (e) of this Section, or of any
reimbursement payment required to be refunded to the Borrower for any reason. Each Lender
acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in
respect of Letters of Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or
the occurrence and continuance of a Default or reduction or termination of the Commitments, and
that each such payment shall be made without any offset, abatement, withholding or reduction
whatsoever.

     (e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a
Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative
Agent an amount equal to such LC Disbursement not later than 12:00 noon, New York City time, on the
date that such LC Disbursement is made, if the Borrower shall have received notice of such LC
Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been
received by the Borrower prior to such time on such date, then not later than 12:00 noon, New York
City time, on the Business Day immediately following the day that the Borrower receives such
notice; provided that the Borrower may, subject to the conditions to borrowing set
forth herein, request in accordance with Section 2.03 or 2.05 that such payment be financed with an
ABR Revolving Borrowing or Swingline Loan in an equivalent amount and, to the extent so financed,
the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting
ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to make such payment when due or
request financing of such payment, the Administrative Agent shall notify each Lender of the
applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such
Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender
shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the
Borrower in the same manner as provided in Section 2.07 with respect to Loans made by such Lender
(and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the
Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amounts so
received by it from the Lenders. Promptly following receipt by the Administrative Agent of any
payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute
such payment to the Issuing Bank or, to the extent that Lenders have made payments pursuant to this
paragraph to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their
interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse the
Issuing Bank for any LC
Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as
contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its
obligation to reimburse such LC Disbursement.

     (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements
with respect to Letters of Credit as provided in paragraph (e) of this Section shall be absolute,

27

c

 

unconditional and irrevocable, and shall be performed strictly in accordance with the terms of
this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of
validity or enforceability of any Letter of Credit or this Agreement, or any term or provision
therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged,
fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any
respect, (iii) payment by the Issuing Bank under a Letter of Credit against presentation of a draft
or other document that does not comply with the terms of such Letter of Credit, or (iv) any other
event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but
for the provisions of this Section, constitute a legal or equitable discharge of, or provide a
right of setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent,
the Lenders nor the Issuing Bank, nor any of their Related Parties, shall have any liability or
responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit
or any payment or failure to make any payment thereunder (irrespective of any of the circumstances
referred to in the preceding sentence), or any error, omission, interruption, loss or delay in
transmission or delivery of any draft, notice or other communication under or relating to any
Letter of Credit (including any document required to make a drawing thereunder), any error in
interpretation of technical terms or any consequence arising from causes beyond the control of the
Issuing Bank; provided that the foregoing shall not be construed to excuse the
Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to
consequential damages, claims in respect of which are hereby waived by the Borrower to the extent
permitted by applicable law) suffered by the Borrower that are caused by the Issuing Bank’s failure
to exercise care when determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of
gross negligence or willful misconduct on the part of the Issuing Bank (as finally determined by a
court of competent jurisdiction), the Issuing Bank shall be deemed to have exercised care in each
such determination. In furtherance of the foregoing and without limiting the generality thereof,
the parties agree that, with respect to documents presented which appear on their face to be in
substantial compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole
discretion, either accept and make payment upon such documents without responsibility for further
investigation, regardless of any notice or information to the contrary, or refuse to accept and
make payment upon such documents if such documents are not in strict compliance with the terms of
such Letter of Credit.

     (g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt
thereof, examine all documents purporting to represent a demand for payment under a Letter of
Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by
telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made
or will make an LC Disbursement thereunder; provided that any failure to give or
delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the
Issuing Bank and the Lenders with respect to any such LC Disbursement.

     (h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then,
unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement
is made, the unpaid amount thereof shall bear interest, for each day from and including the date
such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC
Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided
that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to
paragraph (e) of this Section, then Section 2.13(c) shall apply. Interest accrued

28

 

pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest
accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section to
reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.

     (i) Replacement of the Issuing Bank. The Issuing Bank may be replaced at any time by
written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the
successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement
of the Issuing Bank. At the time any such replacement shall become effective, the Borrower shall
pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section
2.12(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank
shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to
Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank”
shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor
and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing
Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have
all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of
Credit issued by it prior to such replacement, but shall not be required to issue additional
Letters of Credit.

     (j) Cash Collateralization. If any Event of Default shall occur and be continuing and
if the maturity of the Loans has been accelerated pursuant to Article VII, on the Business Day that
the Borrower receives notice from the Administrative Agent upon written request of the Required
Lenders demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall
deposit in an account with the Administrative Agent, in the name of the Administrative Agent and
for the benefit of the Lenders, an amount in cash equal to the LC Exposure as of such date plus any
accrued and unpaid interest thereon; provided that the obligation to deposit such
cash collateral shall become effective immediately, and such deposit shall become immediately due
and payable, without demand or other notice of any kind, upon the occurrence of any Event of
Default with respect to the Borrower described in clause (h) or (i) of Article VII. In addition,
at any time that there shall exist a Defaulting Lender, if the Fronting Exposure with respect to
such Defaulting Lender has not been fully reallocated pursuant to Section 2.21(a)(iv), immediately
upon the request of the Administrative Agent, the Issuing Bank or the Swingline Lender with respect
to any such unallocated Fronting Exposure, the Borrower shall deposit in an account with the
Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders,
an amount in cash equal to 102% of such unallocated Fronting Exposure. Such deposit shall be held
by the Administrative Agent as collateral for the payment and performance of the obligations of the
Borrower and CEGP under this Agreement. The Administrative Agent shall have exclusive dominion and
control, including the exclusive right of withdrawal, over such account. Other than any interest
earned on the investment of such deposits, which investments shall be made at the option and sole
discretion of the Administrative Agent and at the Borrower’s and CEGP’s risk and expense, such
deposits shall not bear interest. Interest or profits, if any, on such investments shall
accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to
reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed (or, as to
cash collateral with respect to Fronting Exposure relating to a Defaulting Lender’s Swingline
Exposure, to reimburse the Swingline Lender for Swingline Loans which have not been repaid) and, to
the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of
the Borrower and

29

 

CEGP for the LC Exposure (or such Fronting Exposure) at such time or, if the maturity of the Loans
has been accelerated (but subject to the consent of Lenders with LC Exposure representing greater
than 51% of the total LC Exposure), be applied to satisfy other obligations of the Borrower and
CEGP under this Agreement. If the Borrower is required to provide an amount of cash collateral
hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not
applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events
of Default have been cured or waived.

     SECTION 2.07. Funding of Borrowings. (a) Each Lender shall make each Loan to be
made by it hereunder on the proposed date thereof by wire transfer of immediately available funds
by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently
designated by it for such purpose by notice to the Lenders; provided that Swingline
Loans shall be made as provided in Section 2.05. The Administrative Agent will make such Loans
available to the Borrower or CEGP, as applicable, by promptly crediting the amounts so received, in
like funds, to an account of Borrower or CEGP designated by the Borrower in the applicable
Borrowing Request; provided that ABR Revolving Loans made to finance the
reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be remitted by the
Administrative Agent to the Issuing Bank.

     (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date, or with respect to an ABR Loan, prior to 12:30 p.m., New York City time on the date,
of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
share of such Borrowing, the Administrative Agent may assume that such Lender has made such share
available on such date in accordance with paragraph (a) of this Section and may, in reliance upon
such assumption, make available to the Borrower or CEGP, as applicable, a corresponding amount. In
such event, if a Lender has not in fact made its share of the applicable Borrowing available to the
Administrative Agent, then the applicable Lender and the Borrower and CEGP severally agree to pay
to the Administrative Agent forthwith on demand such corresponding amount with interest thereon,
for each day from and including the date such amount is made available to the Borrower or CEGP, as
the case may be, to but excluding the date of payment to the Administrative Agent, at (i) in the
case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in
the case of the Borrower or CEGP, the interest rate applicable to such Borrowing. If such Lender
pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan
included in such Borrowing.

     SECTION 2.08. Interest Elections. (a) Each Revolving Borrowing initially shall be
of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar
Revolving Borrowing, shall have an initial Interest Period as specified in such Borrowing Request.
Thereafter, the Borrower, for itself or on behalf of CEGP, may elect to convert such Borrowing to a
different Type or to continue such Borrowing and, in the case of a Eurodollar Revolving Borrowing,
may elect Interest Periods therefor, all as provided in this Section. In connection with the
foregoing, CEGP hereby irrevocably appoints the Borrower as its agent for purposes of electing to
convert or continue Borrowings made to CEGP and the Interest Period therefor hereunder in the name
of CEGP. The Borrower, for itself or on behalf of CEGP, may elect different options with respect
to different portions of the affected Borrowing, in which case each such portion shall be allocated
ratably among the Lenders holding the Loans comprising

30

 

such Borrowing, and the Loans comprising each such portion shall be considered a separate
Borrowing. This Section shall not apply to Swingline Borrowings, which may not be converted or
continued.

     (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative
Agent of such election by telephone by the time that a Borrowing Request would be required under
Section 2.03 if the Borrower, for itself or on behalf of CEGP, were requesting a Revolving
Borrowing of the Type resulting from such election to be made on the effective date of such
election. Each such telephonic Interest Election Request shall be irrevocable and shall be
confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest
Election Request signed by the Borrower.

     (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02:

     (i) the Borrowing, including whether such Borrowing is to the Borrower or CEGP, to
which such Interest Election Request applies and, if different options are being elected
with respect to different portions thereof, the portions thereof to be allocated to each
resulting Borrowing (in which case the information to be specified pursuant to clauses (iii)
and (iv) below shall be specified for each resulting Borrowing);

     (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

     (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar
Borrowing; and

     (iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be
applicable thereto after giving effect to such election, which shall be a period
contemplated by the definition of the term “Interest Period”.

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an
Interest Period, then the Borrower or CEGP, as the case may be, shall be deemed to have selected an
Interest Period of one month’s duration, in the case of a Eurodollar Borrowing.

     (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall
advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

     (e) If the Borrower fails to deliver a timely Interest Election Request with respect to a
Eurodollar Revolving Borrowing prior to the end of the Interest Period applicable thereto, then,
unless such Borrowing is repaid as provided herein, at the end of such Interest Period such
Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof,
if an Event of Default has occurred and is continuing and the Administrative Agent, at the request
of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is
continuing (i) no outstanding Revolving Borrowing may be converted to or continued as a Eurodollar
Borrowing and (ii) unless repaid, each Eurodollar Revolving Borrowing shall be converted to an ABR
Borrowing at the end of the Interest Period applicable thereto.

31

 

     SECTION 2.09. Termination and Reduction of Commitments. (a) Unless previously
terminated, the Commitments shall terminate on the Maturity Date.

     (b) The Borrower may at any time terminate, or from time to time reduce, the Commitments;
provided that (i) each reduction of the Commitments shall be in an amount that is
an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not
terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the
Loans in accordance with Section 2.11, the sum of the total Exposures would exceed the total
Commitments.

     (c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce
the Commitments under paragraph (b) of this Section at least three Business Days prior to the
effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the
Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section
shall be irrevocable; provided that a notice of termination of the Commitments
delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other
credit facilities, in which case such notice may be revoked by the Borrower (by notice to the
Administrative Agent on or prior to the specified effective date) if such condition is not
satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of
the Commitments shall be made ratably among the Lenders in accordance with their respective
Commitments.

     SECTION 2.10. Repayment of Loans; Evidence of Debt. (a) The Borrower and CEGP hereby
unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the
then unpaid principal amount of each of its respective Revolving Loans on the Maturity Date, and
(ii) to the Swingline Lender the then unpaid principal amount of each of its respective Swingline
Loans on the earlier of the Maturity Date and a date that is not more than fourteen days after such
Swingline Loan is made; provided that on each date that a Revolving Borrowing is
made, the Borrower and CEGP shall repay all of their respective Swingline Loans then outstanding.

     (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower and CEGP to such Lender resulting from each Loan made
by such Lender, including the amounts of principal and interest payable and paid to such Lender
from time to time hereunder.

     (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, whether such Loan is made to the Borrower or CEGP, the Class and Type
thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest
due and payable or to become due and payable from the Borrower or CEGP, as applicable, to each
Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for
the account of the Lenders and each Lender’s share thereof.

     (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence of the existence and amounts of the
obligations recorded therein; provided that the failure of any Lender or the
Administrative Agent to maintain such accounts or any error therein shall not in any manner affect
the obligation of the Borrower or CEGP to repay the Loans made to it in accordance with the terms
of this Agreement.

32

 

     (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such
event, each of the Borrower and CEGP shall prepare, execute and deliver to such Lender a promissory
note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its
registered assigns) and substantially in the form of (i) with respect to Revolving Loans, in the
form of revolving loan note attached hereto as Exhibit F-1, and (ii) with respect to Swingline
Loans, in the form of swingline loan note attached hereto as Exhibit F-2. Thereafter, the Loans
evidenced by such promissory note and interest thereon shall at all times (including after
assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form
payable to the order of the payee named therein (or, if such promissory note is a registered note,
to such payee and its registered assigns).

     SECTION 2.11. Prepayment of Loans. (a) The Borrower and CEGP shall have the right
at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior
notice in accordance with paragraph (b) of this Section.

     (b) The Borrower, for itself or on behalf of CEGP, shall notify the Administrative Agent (and,
in the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by
telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Revolving
Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of
prepayment, (ii) in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00
a.m., New York City time, on the date of prepayment or (iii) in the case of prepayment of a
Swingline Loan, not later than 12:00 noon, New York City time, on the date of prepayment. Each
such notice shall be irrevocable and shall specify the prepayment date and the principal amount of
each Borrowing or portion thereof to be prepaid, and whether such Borrowing is to the Borrower or
CEGP; provided that, if a notice of prepayment is given in connection with a
conditional notice of termination of the Commitments as contemplated by Section 2.09, then such
notice of prepayment may be revoked if such notice of termination is revoked in accordance with
Section 2.09. Promptly following receipt of any such notice relating to a Revolving Borrowing, the
Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of
any Revolving Borrowing shall be in an amount that is an integral multiple of $1,000,000 and not
less than $1,000,000 in the case of an ABR Revolving Borrowing, or $3,000,000 in the case of a
Eurodollar Revolving Borrowing. Each prepayment of a Revolving Borrowing shall be applied ratably
to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued
interest to the extent required by Section 2.13 and any breakfunding payments due under Section
2.16.

     SECTION 2.12. Fees. (a) The Borrower agrees to pay to the Administrative Agent for
the account of each Lender a facility fee, which shall accrue at the Applicable Rate on the daily
amount of the Commitment of such Lender (whether used or unused) during the period from and
including the Effective Date to but excluding the date on which such Commitment terminates;
provided that, if such Lender continues to have any Exposure after its Commitment
terminates, then such facility fee shall continue to accrue on the daily amount of such Lender’s
Exposure from and including the date on which its Commitment terminates to but excluding the date
on which such Lender ceases to have any Exposure. Accrued facility fees shall be payable in
arrears on the last day of March, June, September and December of each year and on the date on
which the Commitments terminate, commencing on the first such date to occur after the date hereof;
provided that any facility fees accruing after the date on which the Commitments
terminate shall be payable on demand. All facility fees shall be computed on the basis of a year

33

 

of 360 days and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day).

     (b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender
a participation fee with respect to its participations in Letters of Credit, which shall accrue at
the same Applicable Rate as interest on Eurodollar Revolving Loans on the average daily amount of
such Lender’s LC Exposure to the Borrower (excluding any portion thereof attributable to
unreimbursed LC Disbursements) during the period from and including the Effective Date to but
excluding the date on which such Lender ceases to have any such LC Exposure, and (ii) to the
Issuing Bank a fronting fee, at a rate agreed to between the Borrower and the Issuing Bank, which
shall accrue on the average daily amount of the LC Exposure to the Borrower (excluding any portion
thereof attributable to unreimbursed LC Disbursements) during the period from and including the
Effective Date to but excluding the date on which there ceases to be any such LC Exposure, as well
as the Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension
of any Letter of Credit issued for it or processing of drawings thereunder. Participation fees and
fronting fees accrued through and including the last day of March, June, September and December of
each year shall be payable quarterly on the third Business Day following the last day of March,
June, September and December of each year, commencing on the first such date to occur after the
Effective Date; provided that all such fees shall be payable on the date on which
the Commitments terminate and any such fees accruing after the date on which the Commitments
terminate shall be payable on demand. Any other fees payable to the Issuing Bank pursuant to this
paragraph shall be payable within 10 days after demand. All participation fees and fronting fees
shall be computed on the basis of a year of 360 days and shall be payable for the actual number of
days elapsed (including the first day but excluding the last day).

     (c) The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable
in the amounts and at the times separately agreed upon between the Borrower and the Administrative
Agent.

     (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds,
to the Administrative Agent (or to the Issuing Bank, in the case of fees payable to it) for
distribution, in the case of facility fees and participation fees, to the Lenders. Fees paid shall
not be refundable under any circumstances.

     (e) If any Lender shall become a Defaulting Lender, then no facility fee under subsection (a)
of this Section 2.12 with respect to any unfunded portion of such Lender’s Commitment, nor any
letter of credit fee under subsection (b) of this Section 2.12 shall accrue for the account of such
Lender from and after the date upon which such Lender shall have become a Defaulting Lender until
such time as such Lender is no longer a Defaulting Lender.

     SECTION 2.13. Interest. (a) The Loans comprising each ABR Borrowing shall bear
interest on each day at the Alternate Base Rate for such day plus an amount equal to the “ABR
Spread” set forth in the pricing grid set forth in the defined term “Applicable Rate” that would be
applicable to ABR Revolving Loans on such day. The Loans comprising each Swingline Loan shall (i)
prior to the acquisition by any Lender of a participation therein pursuant to Section 2.05(c), bear
interest on each day at the LIBO Market Index Rate for such day plus an amount equal to the
“Eurodollar Spread” set forth in the pricing grid set forth in the defined term “Applicable Rate”
that would be applicable to Eurodollar Revolving Loans on such day, and (ii)

34

 

upon and following the acquisition by any Lender of a participation therein, bear interest on each
day at the Alternate Base Rate for such day plus an amount equal to the “ABR Spread” set forth in
the pricing grid set forth in the defined term “Applicable Rate” that would be applicable to ABR
Revolving Loans on such day.

     (b) The Loans comprising each Eurodollar Borrowing shall bear interest in the case of a
Eurodollar Revolving Loan, at the LIBO Rate for the Interest Period in effect for such Borrowing
plus the Applicable Rate.

     (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by the Borrower or CEGP hereunder is not paid when due, whether at stated
maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as
before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2%
plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this
Section or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as
provided in paragraph (a) of this Section.

     (d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and, in the case of Revolving Loans, upon termination of the Commitments;
provided that (i) interest accrued pursuant to paragraph (c) of this Section shall
be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a
prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest
on the principal amount repaid or prepaid shall be payable on the date of such repayment or
prepayment and (iii) in the event of any conversion of any Eurodollar Revolving Loan prior to the
end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the
effective date of such conversion.

     (e) All interest determined by reference to the LIBO Rate or clauses (b) or (c) of the
definition of “Alternate Base Rate” shall be computed on the basis of a year of 360 days, and all
other interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year),
and in each case shall be payable for the actual number of days elapsed (including the first day
but excluding the last day). The applicable Alternate Base Rate or LIBO Rate shall be determined
by the Administrative Agent, and such determination shall be conclusive absent manifest error. For
the purposes of the Interest Act (Canada), if applicable (i) whenever a rate of interest or fee
rate hereunder is calculated on the basis of a year (the “deemed year”) that contains fewer days
than the actual number of days in the calendar year of calculation, such rate of interest or fee
rate shall be expressed as a yearly rate by multiplying such rate of interest or fee rate by the
actual number of days in the calendar year of calculation and dividing it by the number of days in
the deemed year, (ii) the principle of deemed reinvestment of interest shall not apply to any
interest calculation hereunder, and (iii) the rates of interest stipulated herein are intended to
be nominal rates and not effective rates or yields.

     (f) The Borrower and CEGP shall pay to each Lender, so long as such Lender shall be required
under regulations of the Board to maintain reserves with respect to liabilities or assets
consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal
amount of each Borrowing of such Lender by the Borrower or CEGP, as applicable, during such periods
as such Borrowing is a Revolving Eurodollar Borrowing, from the date of such Borrowing until such
principal amount is paid in full, at an interest rate per annum equal at all times to the remainder
obtained by subtracting (i) the LIBO Rate for the Interest Period in

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effect for such Revolving Eurodollar Borrowing from (ii) the rate obtained by dividing such LIBO
Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for
such Interest Period. Such additional interest shall be determined by such Lender. The Borrower
or CEGP shall from time to time, within 15 days after demand (which demand shall be accompanied by
a certificate comporting with the requirements set forth in Section 2.15(d)) by such Lender (with a
copy of such demand and certificate to the Administrative Agent) pay to the Lender giving such
notice such additional interest; provided, however, that neither the Borrower nor
CEGP shall be required to pay to such Lender any portion of such additional interest that accrued
more than 90 days prior to any such demand, unless such additional interest was not determinable on
the date that is 90 days prior to such demand.

     SECTION 2.14. Alternate Rate of Interest. If prior to the commencement of any
Interest Period for a Eurodollar Borrowing:

     (a) the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for ascertaining the LIBO
Rate, as applicable, for such Interest Period; or

     (b) the Administrative Agent is advised by the Required Lenders that the LIBO Rate for
such Interest Period will not adequately and fairly reflect the cost to such Lenders of
making or maintaining their Loans included in such Borrowing for such Interest Period;

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by
telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent
notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer
exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing
to, or continuation of any Revolving Borrowing as, a Eurodollar Borrowing shall be ineffective, and
(ii) if any Borrowing Request requests a Eurodollar Revolving Borrowing, such Borrowing shall be
made as an ABR Borrowing; provided that if the circumstances giving rise to such
notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted.

     SECTION 2.15. Illegality; Increased Costs. (a) If any Change in Law shall make it
unlawful or impossible for any Lender to make, maintain or fund its Eurodollar Loans, such Lender
shall so notify the Administrative Agent. Upon receipt of such notice, the Administrative Agent
shall immediately give notice thereof to the other Lenders and to the Borrower, whereupon until
such Lender notifies the Borrower and the Administrative Agent that the circumstances giving rise
to such suspension no longer exist, the obligation of such Lender to make Eurodollar Loans shall be
suspended. If such Lender shall determine that it may not lawfully continue to maintain and fund
any of its outstanding Eurodollar Loans to maturity and shall so specify in such notice, the
Borrower or CEGP, as applicable, shall immediately prepay (which prepayment shall not be subject to
Section 2.11) in full the then outstanding principal amount of such Eurodollar Loans owing by it,
together with the accrued interest thereon.

     (b) If any Change in Law shall:

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     (i) impose, modify or deem applicable any reserve, special deposit or similar
requirement against assets of, deposits with or for the account of, or credit extended by,
any Lender (except any such reserve requirement reflected in Section 2.13(f)) or the Issuing
Bank; or

     (ii) impose on any Lender or the Issuing Bank or the London interbank market any other
condition affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of
Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to
increase the cost to such Lender or the Issuing Bank of participating in, issuing or maintaining
any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or
the Issuing Bank hereunder (whether of principal, interest or otherwise), then the Borrower or
CEGP, as appropriate, will pay to such Lender or the Issuing Bank, as the case may be, such
additional amount or amounts as will compensate such Lender or the Issuing Bank, as the case may
be, for such additional costs incurred or reduction suffered.

     (c) If any Lender or the Issuing Bank determines that any Change in Law regarding capital
requirements has or would have the effect of reducing the rate of return on such Lender’s or the
Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if
any, as a consequence of this Agreement or the Loans made by, or participations in Letters of
Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below
that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company
could have achieved but for such Change in Law (taking into consideration such Lender’s or the
Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company
with respect to capital adequacy), then from time to time the Borrower and CEGP, as applicable,
will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts
as will compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding
company for any such reduction suffered.

     (d) A certificate of a Lender or the Issuing Bank setting forth, in reasonable detail showing
the computation thereof, the amount or amounts necessary to compensate such Lender or the Issuing
Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this
Section shall be delivered to the Borrower and shall be conclusive absent manifest error. Such
certificate shall further certify that such Lender or the Issuing Bank is making similar demands of
its other similarly situated borrowers. The Borrower or CEGP, as applicable, shall pay such Lender
or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within
10 days after receipt thereof, if such certificate complies herewith.

     (e) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or the Issuing Bank’s right
to demand such compensation; provided that neither the Borrower nor CEGP shall be
required to compensate a Lender or the Issuing Bank pursuant to this Section for any increased
costs or reductions incurred more than 90 days prior to the date that such Lender or the Issuing
Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased
costs or reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation
therefor; provided further that, if the Change in Law giving rise to such increased
costs or reductions is retroactive, then the 90-day period referred to above shall be

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extended to include the period of retroactive effect thereof (to the extent that such period of
retroactive effect is not already included in such 90-day period).

     SECTION 2.16. Break Funding Payments. In the event of (a) the payment of any
principal of any Eurodollar Loan other than on the last day of an Interest Period applicable
thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan
other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow,
convert, continue or prepay any Revolving Loan on the date specified in any notice delivered
pursuant hereto (regardless of whether such notice may be revoked under Section 2.11(b) and is
revoked in accordance therewith), or (d) the assignment of any Eurodollar Loan other than on the
last day of the Interest Period applicable thereto as a result of a request by the Borrower or CEGP
pursuant to Section 2.19, then, in any such event, the Borrower or CEGP, as appropriate, shall
compensate each Lender for the loss, cost and expense (excluding loss of anticipated profits)
attributable to such event. A certificate of any Lender setting forth, in reasonable detail
showing the computation thereof, any amount or amounts that such Lender is entitled to receive
pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest
error. The Borrower or CEGP, as the case may be, shall pay such Lender the amount shown as due on
any such certificate within 10 days after receipt thereof, if such certificate complies herewith.

     SECTION 2.17. Taxes. (a) Any and all payments by or on account of any obligation of
the Borrower or CEGP hereunder shall be made free and clear of and without deduction for any
Indemnified Taxes or Other Taxes; provided that if the Borrower or CEGP shall be
required to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum
payable shall be increased as necessary so that after making all required deductions (including
deductions applicable to additional sums payable under this Section) the Administrative Agent, any
Lender or Issuing Bank (as the case may be) receives an amount equal to the sum it would have
received had no such deductions been made, (ii) the Borrower or CEGP, as applicable, shall make
such deductions and (iii) the Borrower or CEGP, as applicable, shall pay the full amount deducted
to the relevant Governmental Authority in accordance with applicable law.

     (b) In addition, the Borrower and CEGP shall pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

     (c) The Borrower and CEGP shall indemnify the Administrative Agent, each Lender and the
Issuing Bank, within 10 days after written demand therefor, for the full amount of any Indemnified
Taxes or Other Taxes paid by the Administrative Agent, such Lender or the Issuing Bank, as the case
may be, on or with respect to any payment by or on account of any obligation of the Borrower or
CEGP respectively hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or
attributable to amounts payable under this Section) and any penalties, interest and reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority;
provided that neither the Borrower nor CEGP shall be required to indemnify or
reimburse the Administrative Agent, the Issuing Bank or a Lender pursuant to this Section for any
Indemnified Taxes or Other Taxes imposed or asserted more than 90 days prior to the date that the
Administrative Agent, the Issuing Bank or such Lender notifies the Borrower of the Indemnified
Taxes or Other Taxes imposed or asserted and of the Administrative Agent’s, the Issuing Bank’s or
such Lender’s intention to claim compensation therefor; provided further that, if
the Indemnified Taxes or Other Taxes imposed or asserted giving rise to such claims are
retroactive, then the 90-day period referred to above shall be extended to include the period of

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retroactive effect thereof (to the extent that such period of retroactive effect is not already
included in such 90-day period). A certificate setting forth, in reasonable detail showing the
computation thereof, the amount of such payment or liability delivered to the Borrower by a Lender
or the Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or
the Issuing Bank, shall be conclusive absent manifest error.

     (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the
Borrower or CEGP to a Governmental Authority, the Borrower or CEGP, as appropriate, shall deliver
to the Administrative Agent the original or a certified copy of a receipt issued by such
Governmental Authority evidencing such payment, a copy of the return reporting such payment or
other evidence of such payment reasonably satisfactory to the Administrative Agent.

     (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which the Borrower or CEGP is located, or any treaty to which
such jurisdiction is a party, with respect to payments under this Agreement shall deliver to the
Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable
law, such properly completed and executed documentation prescribed by applicable law or reasonably
requested by the Borrower as will permit such payments to be made without withholding or at such
reduced rate. In addition, any Lender, if requested by the Borrower or the Administrative Agent,
shall update or supplement any documentation previously delivered pursuant to this Section 2.17(e)
as reasonably requested by the Borrower or the Administrative Agent. If a payment made to a Lender
under this Agreement would not be subject (in whole or in part) to U.S. federal withholding tax
imposed by FATCA if such Lender were to comply with the applicable reporting or disclosure
requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender shall deliver to the Borrower and Administrative Agent, at the time or
times prescribed by law and at such time or times reasonably requested by the Borrower or
Administrative Agent, such documentation or certifications prescribed by applicable law (including
as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation or
certifications reasonably requested by the Borrower or Administrative Agent as may be necessary for
the Borrower or Administrative Agent to comply with its obligations to withhold or report under
FATCA, to determine that such Lender has complied with such Lender’s obligations under FATCA or to
determine the amount (if any) to deduct and withhold from such payment. Solely for purposes of
this Section 2.17(e), “FATCA” shall include any amendments, regulations or official interpretations
thereof issued after the date of this Agreement. Each Foreign Lender shall promptly notify the
Borrower and the Administrative Agent at any time it determines that it is no longer in a position
to provide any previously delivered form, certificate or other item to the Borrower (or any other
form of certification adopted by the U.S. taxing authorities for such purpose).

     (f) Should any Lender, the Administrative Agent or the Issuing Bank during the term of this
Agreement ever receive any refund, credit or deduction from any taxing authority to which such
Lender, the Administrative Agent or the Issuing Bank would not be entitled but for the payment by
the Borrower or CEGP of Taxes (it being understood that the decision as to whether or not to claim,
and if claimed, as to the amount of any such refund, credit or deduction shall be made by such
Lender, the Administrative Agent or the Issuing Bank in its sole discretion), such Lender, the
Administrative Agent or the Issuing Bank, as the case may be, thereupon shall repay to the Borrower
or CEGP, as applicable, an amount with respect to such

39

 

refund, credit or deduction equal to any net reduction in Taxes actually obtained by such Lender,
the Administrative Agent or the Issuing Bank, as the case may be, and determined by such Lender,
the Administrative Agent or the Issuing Bank, as the case may be, to be attributable to such
refund, credit or deduction.

     (g) Except for a request by the Borrower under Section 2.19(b), no Foreign Lender shall be
entitled to the benefits of Sections 2.17(a) or 2.17(c) if withholding tax is imposed on amounts
payable to such Foreign Lender at the time such Foreign Lender becomes a party to this Agreement or
designates a new lending office.

     SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) The
Borrower and CEGP shall make each payment required to be made by it hereunder (whether of
principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section
2.15, 2.16 or 2.17, or otherwise) prior to 1:00 p.m., New York City time, on the date when due, in
immediately available funds, without set-off or counterclaim. Any amounts received after such time
on any date may, in the discretion of the Administrative Agent, be deemed to have been received on
the next succeeding Business Day for purposes of calculating interest thereon. All such payments
shall be made to the Administrative Agent at its offices at 301 South College Street, Charlotte,
North Carolina 28288-0608, except payments to be made directly to the Issuing Bank or Swingline
Lender as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17
and 9.03 shall be made directly to the Persons entitled thereto; provided, if any Lender
shall become a Defaulting Lender, from and after the date upon which such Lender shall have become
a Defaulting Lender, any payment made on account of principal of or interest on the Revolving Loans
shall be applied as set forth in Section 2.21(a)(ii), provided, further, that the
application of such payments in accordance herewith shall not constitute an Event of Default or a
Default, and no payment of principal of or interest on the Revolving Loans of such Defaulting
Lender shall be considered to be overdue, if, had such payments been applied without regard hereto,
no such Event of Default or Default would have occurred and no such payment of principal of or
interest on the Revolving Loans of such Defaulting Lender would have been overdue. The
Administrative Agent shall distribute any such payments received by it for the account of any other
Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder
shall be due on a day that is not a Business Day, the date for payment shall be extended to the
next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon
shall be payable for the period of such extension. All payments hereunder shall be made in
Dollars.

     (b) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then
due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due
hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest
and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed
LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with
the amounts of principal and unreimbursed LC Disbursements then due to such parties.

     (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment (other than any payment to a dissenting Lender pursuant to Section 2.01(c)) in
respect of any principal of or interest on any of its Revolving Loans or participations in LC
Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater

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proportion of the aggregate amount of its Revolving Loans and participations in LC Disbursements
and Swingline Loans and accrued interest thereon than the proportion received by any other Lender,
then the Lender receiving such greater proportion shall purchase (for cash at face value)
participations in the Revolving Loans and participations in LC Disbursements and Swingline Loans of
other Lenders to the extent necessary so that the benefit of all such payments shall be shared by
the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on
their respective Revolving Loans and participations in LC Disbursements and Swingline Loans;
provided that (i) if any such participations are purchased and all or any portion
of the payment giving rise thereto is recovered, such participations shall be rescinded and the
purchase price restored to the extent of such recovery, without interest, and (ii) the provisions
of this paragraph shall not be construed to apply to any payment made by the Borrower or CEGP
pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a
Lender as consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements to any assignee or participant, other than to the Borrower, CEGP
or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply).
The Borrower and CEGP consent to the foregoing and agree, to the extent they may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against the Borrower or CEGP rights of set-off and counterclaim with
respect to such participation as fully as if such Lender were a direct creditor of the Borrower or
CEGP in the amount of such participation.

     (d) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Administrative Agent for the account of the Lenders or the
Issuing Bank hereunder that the Borrower or CEGP will not make such payment, the Administrative
Agent may assume that the Borrower or CEGP, as the case may be, has made such payment on such date
in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the
Issuing Bank, as the case may be, the amount due. In such event, if the Borrower or CEGP has not
in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be,
severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed
to such Lender or Issuing Bank with interest thereon, for each day from and including the date such
amount is distributed to it to but excluding the date of payment to the Administrative Agent, at
the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent
in accordance with banking industry rules on interbank compensation.

     (e) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.05(c), 2.06(d) or (e), 2.07(b) or 2.18(d), then the Administrative Agent may, in its discretion
(notwithstanding any contrary provision hereof), apply any amounts thereafter received by the
Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such
Sections until all such unsatisfied obligations are fully paid.

     SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.15 or Section 2.13(f), or if the Borrower or CEGP is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate a
different lending office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in the

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judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to Section 2.13(f), 2.15 or 2.17, as the case may be, in the future and (ii) would
not subject such Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender in connection with any such designation or assignment. Subject to
the foregoing, Lenders agree to use reasonable efforts to select lending offices which will
minimize taxes and other costs and expenses for the Borrower.

     (b) If any Lender requests compensation under Section 2.13(f) or Section 2.15, or if the
Borrower is required to pay any additional amount to any Lender or any Governmental Authority for
the account of any Lender pursuant to Section 2.17, or if any Lender refuses to consent to an
extension pursuant to Section 2.01(c), or if any Lender is a Defaulting Lender, then the Borrower
may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent,
require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in Section 9.04), all its interests, rights and obligations under this
Agreement to an assignee that shall assume such obligations at par (which assignee may be another
Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall
have received the prior written consent of the Administrative Agent (and, if a Commitment is being
assigned, the Issuing Bank and Swingline Lender), which consent shall not unreasonably be withheld,
(ii) such Lender shall have received payment of an amount equal to the outstanding principal of its
Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued
fees and all other amounts payable to it hereunder, from the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Borrower or CEGP, as appropriate (in
the case of all other amounts) and (iii) in the case of any such assignment resulting from a claim
for compensation under Section 2.13(f) or Section 2.15 or payments required to be made pursuant to
Section 2.17, such assignment will result in a reduction in such compensation or payments. A
Lender shall not be required to make any such assignment and delegation if, prior thereto, as a
result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require
such assignment and delegation cease to apply. If any Lender refuses to assign and delegate all
its interests, rights and obligations under this Agreement after the Borrower or CEGP has required
such Lender to do so as a result of a claim for compensation under Section 2.13(f) or Section 2.15
or payments required to be made pursuant to Section 2.17, such Lender shall not be entitled to
receive such compensation or required payments.

     SECTION 2.20. Separateness. The Lenders acknowledge and affirm (i) their reliance on
the separateness of EPD, Enterprise GP, Borrower, CEGP and Manager from each other and from other
Persons, including EPCO, EPCO Holdings, Inc. (“Finco”), Duncan Family Interests, Inc. (“DFI”), DFI
GP Holdings L.P. (“DFI GP”) and DFI Holdings, LLC (“DFI Holdings”), (ii) that other creditors of
the Borrower, CEGP, Manager, EPD or Enterprise GP have likely advanced funds to such Persons in
reliance upon the separateness of the Borrower, CEGP, Manager, EPD and Enterprise GP from each
other and from other Persons, including EPCO, Finco, DFI, DFI GP and DFI Holdings, (iii) that each
of the Borrower, CEGP, Manager, EPD and Enterprise GP have assets and liabilities that are separate
from those of each other and from other Persons, including EPCO, Finco, DFI, DFI GP and DFI
Holdings, (iv) that the Loans and other obligations owing under this Agreement, the Notes and
documents related hereto or thereto have not been guaranteed by Manager, Enterprise GP, EPCO,
Finco, DFI, DFI GP or DFI Holdings, and (v) that, except as other Persons may expressly assume or
guarantee this

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Agreement, the Notes or any documents related hereto or thereto or any of the Loans or other
obligations thereunder, the Lenders shall look solely to the Borrower and CEGP, as the case may be,
and, pursuant to the EPD Guaranty Agreement, EPD, and their respective property and assets, and any
property pledged as collateral with respect hereto or thereto, for the repayment of any amounts
payable pursuant hereto or thereto and for satisfaction of any obligations owing to the Lenders
hereunder or thereunder and that neither Enterprise GP nor Manager is personally liable to the
Lenders for any amounts payable or any liability hereunder or thereunder.

     SECTION 2.21. Defaulting Lenders.

     (a) Adjustments. Notwithstanding anything to the contrary contained in this
Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no
longer a Defaulting Lender, to the extent permitted by applicable law:

     (i) Waivers and Amendments. That Defaulting Lender’s right to approve or
disapprove any amendment, waiver or consent with respect to this Agreement shall be
restricted as set forth in Section 9.02(b).

     (ii) Reallocation of Payments. Any payment of principal, interest, fees or
other amounts received by the Administrative Agent for the account of that Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise,
and including any amounts made available to the Administrative Agent by that Defaulting
Lender pursuant to Section 9.08), shall be applied at such time or times as may be
determined by the Administrative Agent as follows: first, to the payment of any amounts
owing by that Defaulting Lender to the Administrative Agent hereunder; second, to the
payment on a pro rata basis of any amounts owing by that Defaulting Lender to the Issuing
Banks or Swingline Lender hereunder; third, to be held as cash collateral, if any cash
collateral is required to be delivered pursuant to Section 2.06(j) with respect to any
Fronting Exposure of such Defaulting Lender not fully reallocated pursuant to clause (iv)
below, for future funding obligations of that Defaulting Lender as to its participation in
any Swingline Loan or Letter of Credit; fourth, as the Borrower may request (so long as no
Default or Event of Default exists), to the funding of any Revolving Loan in respect of
which that Defaulting Lender has failed to fund its portion thereof as required by this
Agreement, as determined by the Administrative Agent; fifth, if so determined by the
Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account
and released in order to satisfy obligations of that Defaulting Lender to fund Revolving
Loans under this Agreement; sixth, to the payment of any amounts then owing to the Lenders,
the Issuing Bank or Swingline Lender as a result of any judgment of a court of competent
jurisdiction obtained by any Lender, the Issuing Bank or Swingline Lender against that
Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under
this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of
any amounts then owing to the Borrower as a result of any judgment of a court of competent
jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that
Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that
Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided
that if (x) such payment is a payment of the principal amount of any Revolving Loans or LC
Disbursements in respect of which that Defaulting Lender has not fully funded its
appropriate share and (y) such Revolving Loans or LC Disbursements were made at a time when
the conditions set forth in Section 4.02 were

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satisfied or waived, such payment shall be applied solely to pay the Revolving Loans of, and
LC Disbursements owed to, all non-Defaulting Lenders on a pro rata basis prior to being
applied to the payment of any Revolving Loans of, or LC Disbursements owed to, that
Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a
Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or
to post cash collateral pursuant to this section shall be deemed paid to and redirected by
that Defaulting Lender, and each Lender irrevocably consents hereto. Upon making any
payment to the Administrative Agent or any Issuing Bank for the account of a Defaulting
Lender, the Borrower’s obligation to pay such amount to such Defaulting Lender shall be
fully discharged and such Defaulting Lender shall have no recourse to the Borrower for the
payment of such amount.

     (iii) Certain Fees. That Defaulting Lender shall not be entitled to receive
any facility fees with respect to its undrawn Commitment pursuant to Section 2.12(a) or fees
with respect to its participation in Letters of Credit pursuant to Section 2.12(b) for any
period during which that Lender is a Defaulting Lender (and the Borrower shall not be
required to pay any such fee that otherwise would have been required to have been paid to
that Defaulting Lender).

     (iv) Reallocation of Applicable Percentages to Reduce Fronting Exposure.
During any period in which there is a Defaulting Lender, for purposes of computing the
amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund
participations in Letters of Credit or Swingline Loans pursuant to Section 2.05(c) and
2.06(d), the “Applicable Percentage” of each non-Defaulting Lender shall be computed without
giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such
reallocation shall be given effect only if, at the date the applicable Lender becomes a
Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation
of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of
Credit and Swingline Loans shall not exceed the positive difference, if any, of (1) the
Commitment of that non-Defaulting Lender minus (2) the Exposure of that
non-Defaulting Lender. Upon any such reallocation, all fees payable pursuant to Section
2.12(b) with respect to Lenders’ participations in Letters of Credit shall be payable in
accordance with such Lenders’ reallocated Applicable Percentages with respect thereto.

     (b) Defaulting Lender Cure. If the Borrower, the Administrative Agent, Swingline
Lender and the Issuing Banks agree in writing in their sole discretion that a Defaulting Lender
should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the
parties hereto, whereupon as of the effective date specified in such notice and subject to any
conditions set forth therein (which may include arrangements with respect to any cash collateral),
that Lender will, to the extent applicable, purchase that portion of outstanding Revolving Loans of
the other Lenders or take such other actions as the Administrative Agent may determine to be
necessary to cause the Revolving Loans and funded and unfunded participations in Letters of Credit
and Swingline Loans to be held on a pro rata basis by the Lenders in accordance with their
Applicable Percentages (without giving effect to clause (a)(iv) above), whereupon that Lender will
cease to be a Defaulting Lender; provided that no adjustments will be made retroactively
with respect to fees accrued or payments made by or on behalf of the Borrower or CEGP while that
Lender was a Defaulting Lender; and provided, further, that except to the extent
otherwise

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expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will
constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender.

     SECTION 2.22. Judgment Currency. CEGP’s obligation hereunder to make all payments in
Dollars shall not be discharged or satisfied by any tender or recovery pursuant to any judgment
expressed in or converted into Canadian dollars, except to the extent that such tender or recovery
results in the effective receipt by the Administrative Agent, the Issuing Bank or such Lender Bank
to whom such obligation is owed of the full amount of the Dollars expressed to be payable
hereunder. If for the purpose of obtaining or enforcing judgment against CEGP in any Canadian
court or in any Canadian jurisdiction, it becomes necessary to convert into or from Canadian
dollars an amount due in Dollars, the conversion shall be made on the basis of the rate of exchange
prevailing on the Business Day preceding the date such judgment is give, and in any event CEGP
shall be obligated to pay any deficiency with respect thereto as provided herein. For the
foregoing purposes, “rate of exchange” means the rate at which the Administrative Agent, in
accordance with normal banking procedures, is able on the relevant date to purchase Dollars with
Canadian dollars, after deducting any costs of exchange. If the Administrative Agent, the Issuing
Bank or any Lender receives any payment or payments on account of any obligation of CEGP hereunder
pursuant to any judgment or order in Canadian dollars, and the amount of Dollars which the
Administrative Agent is able to purchase on the Business Day next following such receipt with such
Canadian dollar payment in accordance with its normal procedures and after deducting any costs of
exchange is less than the amount of Dollars due in respect of such obligation immediately prior to
such judgment or order, then CEGP shall upon demand, and CEGP hereby agrees to, indemnify the
Administrative Agent, the Issuing Bank, or such Lender, as the case may be, and save each such
Person harmless from and against any loss, cost or expense arising out of or in connection with
such deficiency. If the amount of Dollars so purchased is greater than the sum originally due to
the Administrative Agent, the Issuing Bank or such Lender, as the case may be, the Administrative
Agent, the Issuing Bank or such Lender, as the case may be, agrees to return the amount of any
excess to CEGP (or to any other Person who may be entitled thereto under applicable law). The
foregoing agreement of indemnity shall constitute an obligation separate and independent from all
other obligations contained in this Agreement, shall give rise to a separate and independent cause
of action, shall apply irrespective of any indulgence granted by the Administrative Agent, the
Issuing Bank or any Lender from time to time, and shall continue in full force and effect
notwithstanding any judgment or order for a liquidated sum in respect of an amount due hereunder or
under any judgment or order.

ARTICLE III 
Representations and Warranties

     The Borrower represents and warrants to the Lenders that:

     SECTION 3.01. Organization; Powers. Each of the Borrower and its Subsidiaries is
duly formed, validly existing and (if applicable) in good standing (except, with respect to
Subsidiaries other than Material Subsidiaries, where the failure to be in good standing,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect) under the laws of the jurisdiction of its organization, has all requisite power and
authority to carry on its business in all material respects as now conducted and, except where the
failure to

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do so, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect, is qualified to do business in, and (if applicable) is in good standing in, every
jurisdiction where such qualification is required.

     SECTION 3.02. Authorization; Enforceability. The Transactions are within the
Borrower’s limited liability company powers and CEGP’s corporate powers and have been duly
authorized by all necessary limited liability company and corporate and, if required, member
action. This Agreement has been duly executed and delivered by the Borrower and CEGP and
constitutes a legal, valid and binding obligation of the Borrower and CEGP, enforceable against the
Borrower and CEGP in accordance with its terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally and subject to
general principles of equity, regardless of whether considered in a proceeding in equity or at law.

     SECTION 3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except such as have been obtained or made and are in full force and effect
as of the Effective Date, other than filings after the Effective Date in the ordinary course of
business, (b) will not violate any law or regulation applicable to the Borrower or CEGP or the
limited partnership agreement, charter, by-laws or other organizational documents of the Borrower
or any of its Subsidiaries or any order of any Governmental Authority to which the Borrower or any
of its Subsidiaries is subject, (c) will not violate or result in a default under any material
indenture, agreement or other instrument binding upon the Borrower or any of its Subsidiaries or
its assets, or (except for the Existing Credit Facility) give rise to a right thereunder to require
any payment to be made by the Borrower or any of its Subsidiaries and (d) will not result in the
creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries that is
prohibited hereby.

     SECTION 3.04. Financial Condition. The Borrower has heretofore furnished to the
Lenders the consolidated balance sheets of the Borrower and its consolidated Subsidiaries and the
related consolidated statements of income, equity and cash flow of the Borrower and its
consolidated Subsidiaries (i) as of and for the fiscal year ended December 31, 2010, such
consolidated financial statements audited by an independent accounting firm of national standing,
and (ii) as of and for the fiscal quarter and the portion of the fiscal year ended June 30, 2011,
unaudited and certified by a Financial Officer. Such financial statements present fairly, in all
material respects, the financial position and results of operations and cash flows of the Borrower
and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP,
subject to year-end audit adjustments and the absence of footnotes in the case of the statements
referred to in clause (ii) above.

     SECTION 3.05. Litigation and Environmental Matters. (a) There are no actions, suits
or proceedings by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of the Borrower, threatened in writing against or affecting the Borrower or any of its
Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and
that, if adversely determined, could reasonably be expected, individually or in the aggregate, to
result in a Material Adverse Effect (other than the Disclosed Matters) or (ii) that involve this
Agreement or the Transactions.

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     (b) Except for the Disclosed Matters and except with respect to any other matters that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect, neither the Borrower nor any of its Subsidiaries (i) has failed to comply with any
Environmental Law or to obtain, maintain or comply with any permit, license or other approval
required under any Environmental Law, (ii) has become subject to any Environmental Liability,
(iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of
any basis for any Environmental Liability.

     (c) Since the date of this Agreement, there has been no change in the status of the Disclosed
Matters that, individually or in the aggregate, has resulted in a Material Adverse Effect.

     SECTION 3.06. Compliance with Laws. Each of the Borrower and its Subsidiaries is in
compliance with all laws, regulations and orders of any Governmental Authority applicable to it or
its property, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is
continuing.

     SECTION 3.07. Investment Company Status. Neither the Borrower nor any of its
Subsidiaries is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act of 1940.

     SECTION 3.08. Taxes. Each of the Borrower and its Subsidiaries has timely filed or
caused to be filed all Tax returns and reports required to have been filed and has paid or caused
to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in
good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as applicable,
has set aside on its books adequate reserves or (b) to the extent that the failure to do so could
not reasonably be expected to result in a Material Adverse Effect.

     SECTION 3.09. ERISA. No ERISA Event has occurred or is reasonably expected to occur
that, when taken together with all other such ERISA Events for which liability is reasonably
expected to occur, could reasonably be expected to result in a Material Adverse Effect.

     SECTION 3.10. Disclosure. Neither the Information Memorandum nor any of the other
reports, financial statements, certificates or other information furnished by or on behalf of the
Borrower to the Administrative Agent or any Lender in connection with the negotiation of this
Agreement (as modified or supplemented by other information so furnished) contains any material
misstatement of fact or omits to state any material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading; provided
that, with respect to projected financial information, the Borrower represents only that
such information was prepared in good faith based upon assumptions believed to be reasonable at the
time.

     SECTION 3.11. Subsidiaries. As of the Effective Date, the Borrower has no
Subsidiaries other than those listed on Schedule 3.11. As of the Effective Date, Schedule 3.11
sets forth the jurisdiction of incorporation or organization of each such Subsidiary, the
percentage of the Borrower’s ownership of the outstanding Equity Interests of each Subsidiary

47

 

directly owned by the Borrower, and the percentage of each Subsidiary’s ownership of the
outstanding Equity Interests of each other Subsidiary.

     SECTION 3.12. Margin Securities. Neither the Borrower nor CEGP nor any other
Subsidiary is engaged principally, or as one of its important activities, in the business of
extending credit for the purpose of purchasing or carrying margin stock (within the meaning of
Regulations U or X of the Board of Governors of the Federal Reserve System), and no part of the
proceeds of any Loan will be used to purchase or carry any margin stock in violation of said
Regulations U or X or to extend credit to others for the purpose of purchasing or carrying margin
stock in violation of said Regulations U or X.

ARTICLE IV 
Conditions

     SECTION 4.01. Effective Date. The obligations of the Lenders to make Loans and of
the Issuing Bank to issue Letters of Credit hereunder shall not become effective until the
Effective Date which is scheduled to occur when each of the following conditions is satisfied:

     (a) The Administrative Agent (or its counsel) shall have received from each party hereto
either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence
satisfactory to the Administrative Agent (which may include telecopy transmission of a signed
signature page of this Agreement) that such party has signed a counterpart of this Agreement.

     (b) The Administrative Agent shall have received favorable written opinions (addressed to the
Administrative Agent and the Lenders and dated the Effective Date) of Christopher S. Wade, in-house
counsel for Borrower, CEGP and EPD, Locke Lord Bissell & Liddell LLP, counsel for Borrower, CEGP
and EPD, and Bennett Jones LLP, special Canadian counsel for CEGP, substantially in the forms of
Exhibits D-1, D-2 and D-3.

     (c) The Administrative Agent shall have received such documents and certificates as the
Administrative Agent or its counsel may reasonably request relating to (1) the organization and
existence of the Borrower, CEGP and EPD, (2) the authorization of the Transactions and any other
legal matters relating to the Borrower, CEGP, this Agreement or the Transactions, all in form and
substance reasonably satisfactory to the Administrative Agent and its counsel, and (3) with respect
to EPD, the authorization of the EPD Guaranty Agreement and any other legal matters relating to
EPD.

     (d) The Administrative Agent shall have received the EPD Guaranty Agreement dated as of the
date hereof, duly and validly executed by EPD and the Borrower.

     (e) The Administrative Agent shall have received each promissory note requested by a Lender
pursuant to Section 2.10(e), each duly completed and executed by the Borrower and CEGP.

     (f) The Administrative Agent shall have received a certificate, dated the Effective Date and
signed by the President, an Executive Vice President or a Financial Officer, confirming compliance
with the conditions set forth in paragraphs (a) and (b) of Section 4.02.

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     (g) The Administrative Agent and Arrangers shall have received all fees and other amounts due
and payable to or on behalf of the Administrative Agent, any Arranger or any Lender on or prior to
the Effective Date, including, to the extent invoiced five (5) Business Days prior to closing,
reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the
Borrower hereunder.

     (h) As of the Effective Date, no Material Adverse Change exists.

     (i) The Lenders shall have received (i) the audited financial statements for the Borrower and
its Subsidiaries for the period ended December 31, 2010, and (ii) the unaudited financial
statements for the Borrower and its Subsidiaries and EPD’s Form 10-Q for the fiscal quarter ending
June 30, 2011.

     (j) All necessary governmental and third-party approvals, if any, required to be obtained by
the Borrower or CEGP in connection with the Transactions and the acquisition of all of the
outstanding partnership interests in DEP and otherwise referred to herein shall have been obtained
and remain in effect (except where failure to obtain such approvals will not have a Material
Adverse Effect), and all applicable waiting periods shall have expired without any action being
taken by any applicable authority.

     (k) All obligations and indebtedness under the Existing Credit Facility shall be
contemporaneously refinanced pursuant hereto and the Existing Credit Facility shall have been
terminated and replaced hereby.

     (l) The Borrower shall have consummated (or shall contemporaneously consummate) its direct or
indirect acquisition of all of the outstanding partnership interests in DEP, and in connection
therewith all obligations and indebtedness under the Existing DEP Credit Facilities shall have been
paid in full and the Existing DEP Credit Facilities shall have been terminated.

The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such
notice shall be conclusive and binding.

     SECTION 4.02. Each Credit Event. The obligation of each Lender to make a Loan on the
occasion of any Borrowing (exclusive of continuations and conversions of a Borrowing), and of the
Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction
of the following conditions:

     (a) The representations and warranties of the Borrower and CEGP set forth in this Agreement
shall be true and correct in all material respects (except that any representation and warranty
that is qualified by materiality shall be true and correct in all respects) on and as of the date
of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of
Credit, as applicable, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they were true and correct in all material respects as of
such earlier date.

     (b) At the time of and immediately after giving effect to such Borrowing or the issuance,
amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have
occurred and be continuing.

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Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be
deemed to constitute a representation and warranty by the Borrower on the date thereof as to the
matters specified in paragraphs (a) and (b) of this Section.

ARTICLE V 
Affirmative Covenants

     Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower
covenants and agrees with the Lenders that:

     SECTION 5.01. Financial Statements and Other Information. The Borrower will furnish,
or cause to be furnished, to the Administrative Agent and each Lender:

     (a) within 15 days after filing same with the Securities and Exchange Commission
(“SEC”), copies of each annual report on Form 10-K, quarterly report on Form 10-Q and
report on Form 8-K (or any successor or substitute forms) that EPD is required to file with the SEC
pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, and any
successor statute (the “Exchange Act”);

     (b) within 15 days after filing same with the SEC, copies of each annual report on Form 10-K,
quarterly report on Form 10-Q and report on Form 8-K (or any successor or substitute forms) that
the Borrower is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act;

     (c) if the Borrower is not subject to the requirements of Section 13 or 15(d) of the Exchange
Act and EPD owns direct subsidiaries (other than the Borrower and its Subsidiaries), promptly after
becoming available and in any event within 105 days after the close of each fiscal year of the
Borrower (i) the audited consolidated balance sheets of the Borrower and its consolidated
Subsidiaries as at the end of such year and (ii) the audited consolidated statements of income,
equity and cash flow of the Borrower and its consolidated Subsidiaries for such year setting forth
in each case in comparative form the corresponding figures for the preceding fiscal year, which
report shall be to the effect that such statements have been prepared in accordance with GAAP;

     (d) if the Borrower is not subject to Section 13 or 15(d) of the Exchange Act and EPD owns
direct subsidiaries (other than the Borrower and its Subsidiaries), promptly after their becoming
available and in any event within 60 days after the close of each of the first three fiscal
quarters of each fiscal year of the Borrower, (i) the unaudited consolidated balance sheets of the
Borrower and its consolidated Subsidiaries as at the end of such quarter and (ii) the unaudited
consolidated statements of income, equity and cash flow of the Borrower for such quarter, setting
forth in each case in comparative form the corresponding figures for the preceding fiscal year, all
of the foregoing certified by a Financial Officer to have been prepared in accordance with GAAP
subject to normal changes resulting from year-end adjustment and accompanied by a written
discussion of the financial performance and operating results, including the major assets, of the
Borrower for such quarter; and

50

 

     (e) within 60 days after the end of each fiscal quarter of each fiscal year of the Borrower,
a certificate of a Financial Officer substantially in the form of Exhibit E (i) certifying as to
whether a Default has occurred that is then continuing and, if a Default has occurred that is then
continuing, specifying the details thereof and any action taken or proposed to be taken with
respect thereto, and (ii) setting forth in reasonable detail calculations demonstrating compliance
with Section 6.07.

     SECTION 5.02. Notices of Material Events. The Borrower will furnish to the
Administrative Agent and each Lender prompt written notice of the following:

     (a) the occurrence of any Event of Default; and

     (b) any other development that results in, or could reasonably be expected to result in, a
Material Adverse Effect.

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer
or other executive officer of the Borrower or the Manager on behalf of the Borrower setting forth
the details of the event or development requiring such notice and any action taken or proposed to
be taken with respect thereto.

     SECTION 5.03. Existence; Conduct of Business. The Borrower will do or cause to be
done all things necessary to preserve, renew and keep in full force and effect its legal existence
and the rights, licenses, permits, privileges and franchises material to the conduct of its
business; provided that the foregoing shall not prohibit any merger, amalgamation,
consolidation, liquidation or dissolution not prohibited under Section 6.03.

     SECTION 5.04. Maintenance of Properties; Insurance. The Borrower will, and will
cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of
its business in good working order and condition, ordinary wear and tear excepted, and
(b) maintain, with financially sound and reputable insurance companies, insurance in such amounts
and against such risks as are customarily maintained by companies engaged in the same or similar
businesses operating in the same or similar locations.

     SECTION 5.05. Books and Records; Inspection Rights. The Borrower will, and will
cause each of its Subsidiaries to, keep in accordance with GAAP proper books of record and account
in which full, true and correct entries are made in all material respects of all dealings and
transactions in relation to its business and activities. The Borrower will, and will cause each of
its Subsidiaries to, permit any representatives designated by the Administrative Agent or any
Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make
extracts from its books and records, and to discuss its affairs, finances and condition with its
officers and independent accountants, all at such reasonable times and as often as reasonably
requested.

     SECTION 5.06. Compliance with Laws. The Borrower will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority
applicable to it or its property, except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect.

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     SECTION 5.07. Use of Proceeds and Letters of Credit. The proceeds of the Loans will
be used only (a) for the refinancing of the Indebtedness under the Existing Credit Facility and
refinancing of letters of credit thereunder, repayment of the Indebtedness under the Existing DEP
Credit Facilities, and for payment of transaction expenses related to the Transactions, (b) as a
backstop for commercial paper, and (c) for working capital, capital expenditures, acquisitions and
other company purposes. Letters of Credit will be used for the Borrower’s and its Subsidiaries’
company purposes. No part of the proceeds of any Loan will be used, whether directly or
indirectly, for any purpose that entails a violation of any of the Regulations of the Board,
including Regulations U and X.

     SECTION 5.08. Environmental Matters. The Borrower has established and implemented,
or will establish and implement, and will cause each of its Subsidiaries to establish and
implement, such procedures as may be necessary to assure that (except for any failure of the
following that, individually or in the aggregate, does not have a Material Adverse Effect): (i) all
property of the Borrower and its Subsidiaries and the operations conducted thereon are in
compliance with and do not violate the requirements of any Environmental Laws, (ii) no oil or solid
wastes are disposed of or otherwise released on or to any property owned by the Borrower or its
Subsidiaries except in compliance with Environmental Laws, (iii) no Hazardous Materials will be
released on or to any such property in a quantity equal to or exceeding that quantity which
requires reporting pursuant to Section 103 of CERCLA, and (iv) no oil or Hazardous Materials is
released on or to any such property so as to pose an imminent and substantial endangerment to
public health or welfare or the environment.

     SECTION 5.09 ERISA Information. The Borrower will furnish to the Administrative
Agent:

     (a) within 15 Business Days after the institution of or the withdrawal or partial
withdrawal by the Borrower, any Subsidiary or any ERISA Affiliate from any Multiemployer
Plan which would cause the Borrower, any Subsidiary or any ERISA Affiliate to incur
withdrawal liability in excess of $100,000,000 (in the aggregate for all such withdrawals),
a written notice thereof signed by an executive officer of the Borrower stating the
applicable details; and

     (b) within 15 Business Days after an officer of the Borrower becomes aware of any
material action at law or at equity brought against the Borrower, any of its Subsidiaries,
any ERISA Affiliate, or any fiduciary of a Plan in connection with the administration of any
Plan or the investment of assets thereunder, a written notice signed by an executive officer
of the Borrower specifying the nature thereof and what action the Borrower is taking or
proposes to take with respect thereto.

     SECTION 5.10 Taxes. The Borrower will, and will cause each of its Subsidiaries to,
pay and discharge, or cause to be paid and discharged, promptly or make, or cause to be made,
timely deposit of all taxes (including Federal Insurance Contribution Act payments and withholding
taxes), assessments and governmental charges or levies imposed upon the Borrower or any Subsidiary
or upon the income or any property of the Borrower or any Subsidiary; provided,
however, that neither the Borrower nor any Subsidiary shall be required to pay any such
tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall
currently be contested in good faith by appropriate proceedings diligently conducted by or on
behalf of the Borrower or its Subsidiary, and if the Borrower or its Subsidiary shall have set up
reserves

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therefor adequate under GAAP or if no Material Adverse Effect shall be occasioned by all such
failures in the aggregate.

ARTICLE VI 
Negative Covenants

     Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired
or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and
agrees with the Lenders that:

     SECTION 6.01. Reserved.

     SECTION 6.02. Liens. The Borrower shall not, and shall not permit any Subsidiary
(other than Project Finance Subsidiaries) or EPD to, create, assume, incur or suffer to exist any
Lien, other than a Permitted Lien, on any Principal Property or upon any Equity Interests of the
Borrower or any Subsidiary (other than Project Finance Subsidiaries) owning or leasing any
Principal Property, now owned or hereafter acquired by the Borrower or such Subsidiary to secure
any Indebtedness of the Borrower, EPD or any other Person (other than the Indebtedness under this
Agreement), without in any such case making effective provision whereby any and all Indebtedness
under this Agreement then outstanding will be secured by a Lien equally and ratably with, or prior
to, such Indebtedness for so long as such Indebtedness shall be so secured. Notwithstanding the
foregoing, the Borrower may, and may permit any Subsidiary (other than a Project Finance
Subsidiary) and EPD to, create, assume, incur or suffer to exist any Lien upon any Principal
Property to secure Indebtedness of the Borrower, EPD or any other Person (other than the
Indebtedness under this Agreement), other than a Permitted Lien without securing the Indebtedness
under this Agreement, provided that the aggregate principal amount of all Indebtedness then
outstanding secured by such Lien and all similar Liens together with the aggregate amount of
Attributable Indebtedness deemed to be outstanding in respect of all Sale/Leaseback Transactions
(exclusive of any Permitted Sale/Leaseback Transactions), does not exceed 10% of Consolidated Net
Tangible Assets.

     SECTION 6.03. Fundamental Changes. The Borrower will not merge into or consolidate
with any other Person, or permit any other Person to merge into or consolidate with it, or sell,
transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or
substantially all of its assets, or all or substantially all of the Equity Interests of any of its
Subsidiaries (other than Project Finance Subsidiaries) (in each case, whether now owned or
hereafter acquired), or liquidate or dissolve, except that, if at the time thereof and immediately
after giving effect thereto no Default shall have occurred and be continuing (i) any Person may
merge into or consolidate with the Borrower in a transaction in which the Borrower is the surviving
entity, (ii) any Subsidiary of the Borrower may be merged into, amalgamated with or consolidated
with another Subsidiary, change its jurisdiction of organization, or change the type of business
entity in which it conducts its business, and (iii) Borrower may sell or otherwise dispose of all
or any portion of the Equity Interests of any of its Subsidiaries.

     SECTION 6.04. Investment Restriction. Neither the Borrower nor any Subsidiary (other
than a Project Finance Subsidiary) will make or suffer to exist investments in Project Finance
Subsidiaries, in the aggregate at any one time outstanding, in excess of the sum of (i) the amount

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of investments existing as of the Effective Date in Project Finance Subsidiaries, (ii)
$150,000,000, and (iii) the amount of any portion of the investments permitted by this Section 6.04
repaid to the Borrower or any Subsidiary as a dividend, repayment of a loan or advance, release or
discharge of a guarantee or other obligation or other transfer of property or return of capital, as
the case may be, occurring after the Effective Date. Computation of the amount of any investment
shall be made without any adjustment for increases or decreases in value, or write-ups, write-downs
or write-offs with respect to such investment or interest or other earnings on such investment.

     SECTION 6.05. Restricted Payments. The Borrower will not, and will not permit any of
its Subsidiaries (other than Project Finance Subsidiaries) to, declare or make, or agree to pay or
make, directly or indirectly, any Restricted Payment, except as long as no Event of Default has
occurred and is continuing or would result therefrom, (i) the Borrower and the Subsidiaries may
make Restricted Payments necessary to fund the Program, (ii) the Borrower may make Restricted
Payments from Available Cash (as defined in the Company Agreement) from Operating Surplus (as
defined in the Company Agreement) cumulative from January 1, 1999 through the date of such
Restricted Payment, (iii) any Subsidiary may buy back any of its own Equity Interests, and (iv) the
Borrower and its Subsidiaries may make payments or other distributions to officers, directors or
employees with respect to the exercise by any such Persons of options, warrants or other rights to
acquire Equity Interests in EPD, the Borrower or such Subsidiary issued pursuant to an employment,
equity award, equity option or equity appreciation agreement or plans entered into by EPD, the
Borrower or such Subsidiary in the ordinary course of business; provided, that even
if an Event of Default shall have occurred and is continuing, no Subsidiary shall be prohibited
from upstreaming dividends or other payments to the Borrower or any Subsidiary (which is not a
Project Finance Subsidiary) or making, in the case of any Subsidiary that is not wholly-owned
(directly or indirectly) by the Borrower, ratable dividends or payments, as the case may be, to the
other owners of Equity Interests in such Subsidiary.

     SECTION 6.06. Restrictive Agreements. The Borrower will not, and will not permit any
of its Subsidiaries (other than Project Finance Subsidiaries) to, directly or indirectly, enter
into, incur or permit to exist any agreement or other arrangement with any Person, other than the
Lenders pursuant hereto, which prohibits, restricts or imposes any conditions upon the ability of
any Subsidiary (other than Project Finance Subsidiaries) to (a) pay dividends or make other
distributions or pay any Indebtedness owed to the Borrower or any Subsidiary, or (b) make
subordinate loans or advances to or make other investments in the Borrower or any Subsidiary in
each case, other than restrictions or conditions contained in, or existing by reasons of, any
agreement or instrument (i) existing on the date hereof and identified on Schedule 6.06, (ii)
relating to property existing at the time of the acquisition thereof, so long as the restriction or
condition relates only to the property so acquired, (iii) relating to any Indebtedness of, or
otherwise to, any Subsidiary at the time such Subsidiary was merged, amalgamated or consolidated
with or into, or acquired by, the Borrower or a Subsidiary or became a Subsidiary and not created
in contemplation thereof, (iv) effecting a renewal, extension, refinancing, refund or replacement
(or successive extensions, renewals, refinancings, refunds or replacements) of Indebtedness issued
under an agreement referred to in clauses (i) through (iii) above, so long as the restrictions and
conditions contained in any such renewal, extension, refinancing, refund or replacement agreement,
taken as a whole, are not materially more restrictive than the restrictions and conditions
contained in the original agreement, as determined in good faith by the board of directors of the
Manager, (v) constituting customary provisions restricting subletting or

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assignment of any leases of the Borrower or any Subsidiary or provisions in agreements that
restrict the assignment of such agreement or any rights thereunder, (vi) constituting restrictions
on the sale or other disposition of any property securing Indebtedness as a result of a Lien on
such property permitted hereunder, (vii) constituting any temporary encumbrance or restriction with
respect to a Subsidiary under an agreement that has been entered into for the disposition of all or
substantially all of the outstanding Equity Interests of or assets of such Subsidiary,
provided that such disposition is otherwise permitted hereunder, (viii) constituting
customary restrictions on cash, other deposits or assets imposed by customers and other persons
under contracts entered into in the ordinary course of business, (ix) constituting provisions
contained in agreements or instruments relating to Indebtedness that prohibit the transfer of all
or substantially all of the assets of the obligor under that agreement or instrument unless the
transferee assumes the obligations of the obligor under such agreement or instrument or such assets
may be transferred subject to such prohibition, (x) constituting a requirement that a certain
amount of Indebtedness be maintained between a Subsidiary and the Borrower or another Subsidiary,
(xi) constituting any restriction or condition with respect to property under an agreement that has
been entered into for the disposition of such property, provided that such disposition is
otherwise permitted hereunder, (xii) constituting any restriction or condition with respect to
property under a charter, lease or other agreement that has been entered into for the employment of
such property or (xiii) that is a Hybrid Security or an indenture, document, agreement or security
entered into or issued in connection with a Hybrid Security or otherwise constituting a restriction
or condition on the payment of dividends or distributions by an issuer of a Hybrid Security.

     SECTION 6.07 Financial Condition Covenant.

     Ratio of Consolidated Indebtedness to Consolidated EBITDA. The Borrower shall not
permit its Debt Coverage Ratio in each case for the four full fiscal quarters most recently ended
to exceed:

5.00 to 1.00 as of the last day of any fiscal quarter;

provided, following a Specified Acquisition (defined below), such ratio shall not exceed

5.50 to 1.00 as of the last day of (i) the fiscal quarter in which the Specified Acquisition
occurred (the “Acquisition Quarter”), and (ii) the two fiscal quarters following the
Acquisition Quarter.

As used herein, “Specified Acquisition” means, at the election of Borrower, one or more
acquisitions of assets or entities or operating lines or divisions in any rolling 12-month period
for an aggregate purchase price of not less than $100,000,000; provided, in the event the
Debt Coverage Ratio exceeds 5.00 to 1.00 at the end of any fiscal quarter in which one or more
acquisitions otherwise qualifying as a Specified Acquisition but for Borrower’s failure to so elect
shall have occurred, Borrower shall be deemed to have so elected a Specified Acquisition with
respect thereto; provided, further, following the election (or deemed election) of
a Specified Acquisition, Borrower may not elect (or be deemed to have elected) a subsequent
Specified Acquisition unless, at the time of such subsequent election, the Debt Coverage Ratio does
not exceed 5.00 to 1.00.

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For purposes of calculating such ratio the Project Finance Subsidiaries shall be disregarded;
however, such exclusion does not apply to, and there shall be included in such calculation, the
amount of cash dividends or distributions payable with respect to such a period by a Project
Finance Subsidiary which are actually received by the Borrower or a Subsidiary (other than a
Project Finance Subsidiary) on or prior to the date the financial statements with respect to such
period referred to in Section 5.01 are required to be delivered by Borrower. For purposes of this
Section 6.07, if during any period of four fiscal quarters the Borrower or any Subsidiary acquires
any Person (or any interest in any Person) or all or substantially all of the assets of any Person,
the EBITDA attributable to such assets or an amount equal to the percentage of ownership of the
Borrower or a Subsidiary, as the case may be, in such Person times the EBITDA of such Person, for
such period determined on a pro forma basis (which determination, in each case, shall be subject to
approval of the Administrative Agent, not to be unreasonably withheld) may be included as
Consolidated EBITDA for such period as if such acquisition occurred on the first day of such four
fiscal quarter period; provided that during the portion of such period that follows
such acquisition, the computation in respect of the EBITDA of such Person or such assets, as the
case may be, shall be made on the basis of actual (rather than pro forma) results.

In addition, for purposes of this Section 6.07, Hybrid Securities up to an aggregate amount of 15%
of Consolidated Total Capitalization shall be excluded from Consolidated Indebtedness and
Consolidated EBITDA may include, at Borrower’s option, any Material Project EBITDA Adjustments as
provided in the definition thereof.

ARTICLE VII 
Events of Default

     If any of the following events (“Events of Default”) shall occur:

     (a) the Borrower or CEGP shall fail to pay any principal of any Loan or any reimbursement
obligation in respect of any LC Disbursement when and as the same shall become due and payable,
whether at the due date thereof or at a date fixed for prepayment thereof or otherwise;

     (b) the Borrower or CEGP shall fail to pay any interest on any Loan or any fee or any other
amount (other than an amount referred to in clause (a) of this Article) payable under this
Agreement, when and as the same shall become due and payable, and such failure shall continue
unremedied for a period of five (5) Business Days;

     (c) any representation or warranty made or deemed made by or on behalf of the Borrower, EPD,
CEGP or any other Subsidiary of the Borrower in or in connection with this Agreement or any
amendment or modification hereof or waiver hereunder, or in any report, certificate, financial
statement or other document furnished pursuant to or in connection with this Agreement or any
amendment or modification hereof or waiver hereunder, shall prove to have been incorrect in any
material respect when made or deemed made and such materiality is continuing;

     (d) the Borrower or CEGP shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.02, 5.03 (with respect to the Borrower’s or CEGP’s existence) or 5.07 or in
Article VI;

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     (e) the Borrower or CEGP shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those specified in clause (a), (b) or (d) of this Article),
and such failure shall continue unremedied for a period of 30 days after written notice thereof
from the Administrative Agent to the Borrower (which notice will be given at the request of any
Lender);

     (f) the Borrower, CEGP or any Material Subsidiary (other than Project Finance Subsidiaries)
shall (i) fail to pay (A) any principal of or premium or interest on any Material Indebtedness of
the Borrower, CEGP or such Material Subsidiary (as the case may be), or (B) aggregate net
obligations under one or more Hedging Agreements (excluding amounts the validity of which are being
contested in good faith by appropriate proceedings, if necessary, and for which adequate reserves
with respect thereto are maintained on the books of the Borrower, CEGP or such Material Subsidiary
(as the case may be)) in excess of $100,000,000, in each case when the same becomes due and payable
(whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such
failure shall continue after the applicable grace period, if any, specified in the agreement or
instrument relating to such Material Indebtedness or such Hedging Agreements; or (ii) default in
the observance or performance of any covenant or obligation contained in any agreement or
instrument relating to any such Material Indebtedness that in substance is customarily considered a
default in loan documents (in each case, other than a failure to pay specified in clause (i) of
this subsection (f)) and such default shall continue after the applicable grace period, if any,
specified in such agreement or instrument, if the effect thereof is to accelerate the maturity of
such Material Indebtedness or require such Material Indebtedness to be prepaid prior to the stated
maturity thereof; for the avoidance of doubt the parties acknowledge and agree that any payment
required to be made under a guaranty of payment or collection described in clause (c) of the
definition of Indebtedness shall be due and payable at the time such payment is due and payable
under the terms of such guaranty (taking into account any applicable grace period) and such payment
shall be deemed not to have been accelerated or required to be prepaid prior to its stated maturity
as a result of the obligation guaranteed having become due;

     (g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
seeking (i) liquidation, reorganization or other relief in respect of the Borrower, CEGP or any
Material Subsidiary (other than Project Finance Subsidiaries) or its debts, or of a substantial
part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or
similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for the Borrower, CEGP or any Material Subsidiary
(other than Project Finance Subsidiaries) or for a substantial part of its assets, and, in any such
case, such proceeding or petition shall continue undismissed for 60 days or an order or decree
approving or ordering any of the foregoing shall be entered;

     (h) the Borrower, CEGP or any Material Subsidiary (other than Project Finance Subsidiaries)
shall (i) voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail
to contest in a timely and appropriate manner, any proceeding or petition described in clause (h)
of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for the Borrower, CEGP or any Material Subsidiary
(other than Project Finance Subsidiaries) or for a substantial part of its assets, (iv) file

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an answer admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose
of effecting any of the foregoing;

     (i) the Borrower, CEGP or any Material Subsidiary (other than Project Finance Subsidiaries)
shall become unable, admit in writing its inability or fail generally to pay its debts as they
become due;

     (j) one or more judgments for the payment of money in an aggregate uninsured amount equal to
or greater than $100,000,000 shall be rendered against the Borrower, CEGP or any Material
Subsidiary (other than Project Finance Subsidiaries) or any combination thereof and the same shall
remain undischarged for a period of 30 consecutive days during which execution shall not be
effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy
upon any assets of the Borrower, CEGP or any such Material Subsidiary to enforce any such judgment;

     (k) an ERISA Event shall have occurred that, when taken together with all other ERISA Events
that have occurred, could reasonably be expected to result in liability of the Borrower and its
Subsidiaries in an aggregate amount exceeding $100,000,000 for all periods;

     (l) EPD takes, suffers or permits to exist any of the events or conditions referred to in
clauses (g), (h), (i) or (j) of this Article or if the section of the EPD Guaranty Agreement that
contains the payment obligation shall for any reason cease to be valid and binding on EPD or if EPD
shall so state in writing;

     (m) the Manager or Enterprise GP takes, suffers or permits to exist any of the events or
conditions referred to in clauses (g), (h) or (i) of this Article; or

     (o) a Change in Control shall occur;

then, and in every such event (other than an event with respect to the Borrower described in clause
(g) or (h) of this Article), and at any time thereafter during the continuance of such event, the
Administrative Agent at the request of the Required Lenders shall, by notice to the Borrower, take
either or both of the following actions, at the same or different times: (i) terminate the
Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans
then outstanding to be due and payable in whole (or in part, in which case any principal not so
declared to be due and payable may thereafter be declared to be due and payable), and thereupon the
principal of the Loans so declared to be due and payable, together with accrued interest thereon
and all fees and other obligations of the Borrower and CEGP accrued hereunder, shall become due
and payable immediately, without presentment, demand, protest or other notice of any kind, all of
which are hereby waived by the Borrower and CEGP; and in case of any event with respect to the
Borrower described in clause (g) or (h) of this Article, the Commitments shall automatically
terminate and the principal of the Loans then outstanding, together with accrued interest thereon
and all fees and other obligations of the Borrower and CEGP accrued hereunder, shall automatically
become due and payable, without presentment, demand, protest or other notice of any kind, all of
which are hereby waived by the Borrower and CEGP.

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ARTICLE VIII 
The Administrative Agent

     Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent
as its agent and authorizes the Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to the Administrative Agent by the terms hereof, together
with such actions and powers as are reasonably incidental thereto.

     The bank serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not the
Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and
generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate
thereof as if it were not the Administrative Agent hereunder.

     The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein. Without limiting the generality of the foregoing, (a) the Administrative Agent shall
not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby that the Administrative Agent is required to exercise in writing by
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under
the circumstances as provided in Section 9.02), and (c) except as expressly set forth herein, the
Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure
to disclose, any information relating to the Borrower or any of its Subsidiaries that is
communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in
any capacity. The Administrative Agent shall not be liable to the Lenders for any action taken or
not taken by it with the consent or at the request of the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 9.02) or in the absence of its own gross negligence or willful misconduct. The
Administrative Agent shall be deemed not to have knowledge of any Default unless and until written
notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with this Agreement,
(ii) the contents of any certificate, report or other document delivered hereunder or in connection
herewith, (iii) the performance or observance of any of the covenants, agreements or other terms or
conditions set forth herein, (iv) the validity, enforceability, effectiveness or genuineness of
this Agreement or any other agreement, instrument or document, or (v) the satisfaction of any
condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent.

     The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing believed by it to be genuine and to have been signed or sent by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to be made by the proper Person, and shall not incur any liability for relying
thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the
Borrower), independent accountants and other experts selected by it, and shall not be liable for

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any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts.

     The Administrative Agent may perform any and all its duties and exercise its rights and powers
by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative
Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers
through their respective Related Parties. The exculpatory provisions of the preceding paragraphs
shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any
such sub-agent, and shall apply to their respective activities in connection with the syndication
of the credit facilities provided for herein as well as activities as Administrative Agent.
Anything herein to the contrary notwithstanding, neither the Administrative Agent, the
Co-Syndication Agents, the Co-Documentation Agents, the Joint Lead Arrangers nor the Joint Book
Runners listed on the cover page hereof shall have any powers, duties or responsibilities under
this Agreement, the Notes or any documents related hereto or thereto, except in its capacity, as
applicable, as Administrative Agent, Issuing Bank, Swingline Lender or a Lender hereunder.

     Subject to the appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the
Issuing Bank and the Borrower. Upon any such resignation, the Required Lenders shall have the
right, with the Borrower’s approval (which will not be unreasonably withheld), to appoint another
Lender as successor. If no successor shall have been so appointed by the Required Lenders and
shall have accepted such appointment within 30 days after the retiring Administrative Agent gives
notice of its resignation, then the retiring Administrative Agent may, with the Borrower’s approval
(which will not be unreasonably withheld or delayed, and the Borrower’s approval shall not be
required if an Event of Default has occurred which is continuing), on behalf of the Lenders and the
Issuing Bank, appoint a successor Administrative Agent which shall be a bank with an office in New
York, New York, or an Affiliate of any such bank and such bank, or its Affiliate, as applicable,
shall have capital and surplus equal to or greater than $500,000,000. Upon the acceptance of its
appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Administrative
Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations
hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same
as those payable to its predecessor unless otherwise agreed between the Borrower and such
successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article
and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent,
its sub-agents and their respective Related Parties in respect of any actions taken or omitted to
be taken by any of them while it was acting as Administrative Agent.

     Each Lender acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it shall from time to time
deem appropriate, continue to make its own decisions in taking or not taking action under or based
upon this Agreement, any related agreement or any document furnished hereunder or thereunder.

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ARTICLE IX 
Miscellaneous

     SECTION 9.01. Notices. Except in the case of notices and other communications
expressly permitted to be given by telephone, and except as provided in Section 9.01(f), all
notices and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as
follows:

     (a) if to the Borrower or CEGP, to it at 1100 Louisiana Street, 10th Floor,
Houston, Texas 77002, Attention of Treasurer (Telecopy No. 713/381-8200), and in connection
therewith, CEGP hereby irrevocably appoints the Borrower as its agent for purposes of receiving
any notice, demand, consent, acknowledgement, direction, certification or other communication to be
delivered by the Administrative Agent, the Issuing Bank or the Swingline Lender to CEGP under this
Agreement, and the parties hereto agree that any such notice, demand, consent, acknowledgement,
direction, certification or other communication delivered to the Borrower in accordance with the
terms of this Agreement shall constitute delivery to, and shall be deemed to have been delivered
to, CEGP;

     (b) if to the Administrative Agent, to Wells Fargo Bank, National Association, 1525 West W.T.
Harris Blvd. Mail Code: D1109-019, Charlotte, NC 28262, Attention: Syndication Agency Services,
Telephone No.: (704) 590-2706, Telecopy No.: (704) 590-2790, E-mail:
agencyservices.requests@wellsfargo.com, with a copy to Wells Fargo Energy Group, 1000
Louisiana, 9th Floor, Houston, TX 77002, MAC T0002-090, Attention Mark Oberreuter
(Telecopy No. 713/319-1679);

     (c) if to the Issuing Bank, to Wells Fargo Bank, National Association, 1525 West W.T. Harris
Blvd. Mail Code: D1109-019, Charlotte, NC 28262, Attention: Syndication Agency Services,
Telephone No.: (704) 590-2706, Telecopy No.: (704) 590-2790, E-mail:
agencyservices.requests@wellsfargo.com, with a copy to Wells Fargo Energy Group, 1000
Louisiana, 9th Floor, Houston, TX 77002, MAC T0002-090, Attention Mark Oberreuter
(Telecopy No. 713/319-1679);

     (d) if to the Swingline Lender, to Wells Fargo Bank, National Association, 1525 West W.T.
Harris Blvd. Mail Code: D1109-019, Charlotte, NC 28262, Attention: Syndication Agency Services,
Telephone No.: (704) 590-2706, Telecopy No.: (704) 590-2790, E-mail:
agencyservices.requests@wellsfargo.com, with a copy to Wells Fargo Energy Group, 1000
Louisiana, 9th Floor, Houston, TX 77002, MAC T0002-090, Attention Mark Oberreuter
(Telecopy No. 713/319-1679);

     (e) if to any other Lender, to it at its address (or telecopy number) of record with the
Administrative Agent, which Administrative Agent shall provide to the Borrower or any Lender upon
request from time to time; and

     (f) The Borrower will have the option to provide to the Administrative Agent all information,
documents and other materials that it is obligated to furnish to the Administrative Agent pursuant
to this Agreement or any other document executed in connection herewith, including, without
limitation, all notices, requests, financial statements, financial and other

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reports, certificates and other information materials, but excluding any such communication that
(i) relates to a request for a new, or a conversion of an existing, Borrowing or other extension of
credit (including any election of an interest rate or Interest Period relating thereto) or relates
to the issuance, amendment, renewal or extension of any Letter of Credit, (ii) relates to the
payment of any principal or other amount due under this Agreement prior to the scheduled date
therefor, (iii) provides notice of any Default or Event of Default, or (iv) other than the
requirements set forth in Sections 3.04, 4.01(i) and 5.01, is required to be delivered to satisfy
any condition precedent to the effectiveness of this Agreement and/or any Borrowing, any issuance,
amendment, renewal or extension of any Letter of Credit or any other extension of credit hereunder
(all such non-excluded communications being referred to herein collectively as
“Communications”), by transmitting the Communications in an electronic/soft medium in a
format acceptable to the Administrative Agent. The Borrower further agrees that the Administrative
Agent may make the Communications available to the Lenders and the Issuing Bank by posting the
Communications on SyndTrak or a substantially similar electronic transmission system (the
“Platform”). The Borrower acknowledges that the distribution of material through an
electronic medium is not necessarily secure and that there are confidentiality and other risks
associated with such distribution. The Platform is provided “as is” and “as available”. The
Agent Parties (as defined below) do not warrant the accuracy or completeness of the Communications,
or the adequacy of the Platform and expressly disclaim liability for errors or omissions in the
Communications. No warranty of any kind, express, implied or statutory, including, without
limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of
third party rights or freedom from viruses or other code defects, is made by the Agent Parties in
connection with the Communications or the Platform. In no event shall the Administrative Agent or
any of its affiliates or any of their respective officers, directors, employees, agents, advisors
or representatives (collectively, “Agent Parties”) have any liability to the Borrower, any Lender
or any other Person or entity for damages of any kind, including, without limitation, direct or
indirect, special, incidental or consequential damages, losses or expenses (whether in tort,
contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of
Communications through the internet, except to the extent the liability of any Agent Party is found
in a final non-appealable judgment by a court of competent jurisdiction to have resulted primarily
from such Agent Party’s gross negligence or willful misconduct. The Administrative Agent
agrees that the receipt of the Communications by the Administrative Agent at its e-mail address as
specified by the Administrative Agent from time to time shall constitute effective delivery of the
Communications to the Administrative Agent for purposes of this Agreement and any other documents
executed in connection herewith. Each of the Issuing Bank and the Lenders agrees that notice to it
(as provided in the next sentence) specifying that the Communications have been posted to the
Platform shall constitute effective delivery of the Communications to the Issuing Bank or Lender,
as the case may be, for purposes of this Agreement and any other documents executed in connection
herewith. Each of the Issuing Bank and the Lenders agrees (i) to notify the Administrative Agent
in writing (including by electronic communication) from time to time of the Issuing Bank’s or
Lender’s, as the case may be, e-mail address to which the foregoing notice may be sent by
electronic transmission, and (ii) that the foregoing notice may be sent to such e-mail address.
Nothing herein shall prejudice the right of the Administrative Agent or any Lender to give any
notice or other communication pursuant hereto or any other document executed in connection herewith
in any other manner specified herein or therein.

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Any party hereto may change its address or telecopy number for notices and other communications
hereunder by notice to the other parties hereto. All notices and other communications given to any
party hereto in accordance with the provisions of this Agreement shall be deemed to have been given
on the date of receipt.

     SECTION 9.02. Waivers; Amendments. (a) No failure or delay by the Administrative
Agent, the Issuing Bank or any Lender in exercising any right or power hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of
the Administrative Agent, the Issuing Bank and the Lenders hereunder are cumulative and are not
exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of
this Agreement or consent to any departure by the Borrower therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver
or consent shall be effective only in the specific instance and for the purpose for which given.
Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of
Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative
Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time.

     (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to an agreement or agreements in writing entered into by the Borrower, CEGP and the
Required Lenders or by the Borrower, CEGP and the Administrative Agent with the consent of the
Required Lenders; provided that no such agreement shall (i) increase or extend the
Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal
amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees
payable hereunder, without the written consent of each Lender affected thereby, (iii) postpone the
scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any interest
thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment,
or postpone the scheduled date of expiration of any Commitment, without the written consent of each
Lender affected thereby, (iv) change Section 2.18(b) or (c) in a manner that would alter the pro
rata sharing of payments required thereby, without the written consent of each Lender, (v) release
EPD or the Borrower from any of its monetary obligations under the EPD Guaranty Agreement without
the written consent of each Lender, or (vi) change any of the provisions of this Section or the
definition of “Required Lenders” or any other provision hereof specifying the number or percentage
of Lenders required to waive, amend or modify any rights hereunder or make any determination or
grant any consent hereunder, without the written consent of each Lender; provided further
that no such agreement shall amend, modify or otherwise affect the rights or duties of the
Administrative Agent, the Issuing Bank or the Swingline Lender hereunder without the prior written
consent of the Administrative Agent, the Issuing Bank or the Swingline Lender, as the case may be.
Notwithstanding anything to the contrary herein, the Commitment and outstanding Loans of a
Defaulting Lender shall be disregarded for all purposes of any determination of whether the
requisite Lenders have taken or may take any action hereunder, and any amendment, waiver or consent
which by its terms requires the consent of all Lenders or each affected Lender may be effected with
the consent of the applicable Lenders other than Defaulting Lenders, except that (x) the Commitment
of any Defaulting Lender may not be increased or extended, nor may the Maturity Date be extended,
nor may the outstanding principal of any Loan owed to such

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Defaulting Lender be forgiven without the consent of such Defaulting Lender, (y) any waiver,
amendment or modification requiring the consent of all Lenders or each affected Lender that by its
terms affects any Defaulting Lender more adversely than other affected Lenders shall require the
consent of such Defaulting Lender and (z) any amendment to the immediately preceding clause (x) or
(y) shall require the consent of all Lenders, including the Defaulting Lenders.

     SECTION 9.03. Expenses; Indemnity; Damage Waiver. (a) The Borrower shall pay
(i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates,
including the reasonable fees, charges and disbursements of one law firm as counsel for the
Administrative Agent, in connection with the syndication (prior to the Effective Date) of the
credit facilities provided for herein, the preparation and administration of this Agreement or any
amendments, modifications or waivers of the provisions hereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses
incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of
any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses
reasonably incurred during the existence of an Event of Default by the Administrative Agent, the
Issuing Bank or any Lender, including the fees, charges and disbursements of any counsel for the
Administrative Agent, the Issuing Bank or any Lender, in connection with the enforcement or
protection of its rights in connection with this Agreement, including its rights under this
Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all
such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect
of such Loans or Letters of Credit.

     (b) The Borrower shall indemnify the Administrative Agent, the Issuing Bank and each Lender,
and each Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and related expenses, including the fees, charges and disbursements of any
counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement or any agreement
or instrument contemplated hereby, the performance by the parties hereto of their respective
obligations hereunder or the consummation of the Transactions or any other transactions
contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom
(including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit
if the documents presented in connection with such demand do not strictly comply with the terms of
such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on
or from any property owned or operated by the Borrower or any of its Subsidiaries, or any
Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any
actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory and regardless of whether any
Indemnitee is a party thereto; provided that such indemnity shall not, as to any
Indemnitee, be available (x) to the extent that such losses, claims, damages, liabilities or
related expenses resulted from the gross negligence or willful misconduct of such Indemnitee or any
Related Party of such Indemnitee, or (y) in connection with disputes among or between the
Administrative Agent, Lenders, Issuing Bank and/or their respective Related Parties.

     (c) To the extent that the Borrower fails to pay any amount required to be paid by it to the
Administrative Agent, the Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to the Administrative Agent, the Issuing

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Bank or the Swingline Lender, as the case may be, such Lender’s Applicable Percentage (determined
as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such
unpaid amount; provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related expense, as the case may be, was incurred by or asserted against the
Administrative Agent, the Issuing Bank or the Swingline Lender in its capacity as such.

     (d) To the extent permitted by applicable law, neither the Borrower nor CEGP shall assert, and
hereby waives, any claim against any Indemnitee, on any theory of liability, for indirect, special,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated
hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof.

     (e) All amounts due under this Section shall be payable not later than 30 days after written
demand therefor, such demand to be in reasonable detail setting forth the basis for and method of
calculation of such amounts.

     SECTION 9.04. Successors and Assigns. (a) The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of
Credit), except that neither the Borrower nor CEGP may assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of each Lender (and any attempted
assignment or transfer by the Borrower or CEGP without such consent shall be null and void).
Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person
(other than the parties hereto, their respective successors and assigns permitted hereby (including
any Affiliate of the Issuing Bank that issues any Letter of Credit) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank and
the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

     (b) Any Lender may assign to one or more assignees (other than the Borrower, EPD, CEGP, any of
their Affiliates or a Defaulting Lender) all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans at the time owing to it);
provided that (i) except in the case of an assignment to a Lender or an Affiliate of a
Lender, each of the Borrower and the Administrative Agent (and, in the case of an assignment of all
or a portion of a Commitment or any Lender’s obligations in respect of its LC Exposure or Swingline
Exposure, the Issuing Bank and the Swingline Lender) must give their prior written consent to such
assignment (which consent shall not be unreasonably withheld or delayed), (ii) except in the case
of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining
amount of the assigning Lender’s Commitment, the amount of the Commitment of the assigning Lender
subject to each such assignment (determined as of the date the Assignment and Acceptance with
respect to such assignment is delivered to the Administrative Agent) shall not be less than
$5,000,000 unless each of the Borrower and the Administrative Agent otherwise consent, (iii) each
partial assignment shall result in the assignor retaining a Commitment of not less than $10,000,000
and shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and
obligations under this Agreement, (iv) the parties (other than the Borrower) to each assignment
shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a
processing and

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recordation fee of $3,500, (v) the assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire and (vi) no assignment to a foreign bank shall
be made hereunder unless, at the time of such assignment, there is no withholding tax applicable
with respect to such foreign bank for which the Borrower or CEGP would be or become responsible
under Section 2.17; and provided further that any consent of the Borrower otherwise
required under this paragraph shall not be required if an Event of Default has occurred and is
continuing. Subject to acceptance and recording thereof pursuant to paragraph (d) of this Section,
from and after the effective date specified in each Assignment and Acceptance the assignee
thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment
and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance,
be released from its obligations under this Agreement (and, in the case of an Assignment and
Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 2.15, 2.16, 2.17 and 9.03 as to matters occurring on or prior to date of assignment). Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not
comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender
of a participation in such rights and obligations in accordance with paragraph (e) of this Section.

     (c) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices in The City of New York, the address of which shall be made
available to any party to this Agreement upon request: a copy of each Assignment and Acceptance
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitment of, and principal amount of the Loans and LC Disbursements owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent, the
Issuing Bank and the Lenders may treat each Person whose name is recorded in the Register pursuant
to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary. In addition, the Administrative Agent shall maintain on the Register
information regarding the designation, and revocation of designation, of any Lender as a Defaulting
Lender. The Register shall be available for inspection by the Borrower, the Issuing Bank and any
Lender, at any reasonable time and from time to time upon reasonable prior notice.

     (d) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning
Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee
shall already be a Lender hereunder), the processing and recordation fee referred to in
paragraph (b) of this Section and any written consent to such assignment required by paragraph (b)
of this Section, the Administrative Agent shall accept such Assignment and Acceptance and record
the information contained therein in the Register. No assignment shall be effective for purposes
of this Agreement unless it has been recorded in the Register as provided in this paragraph.

     (e) Any Lender may, without the consent of the Borrower, the Administrative Agent, the Issuing
Bank or the Swingline Lender, sell participations to one or more banks or other entities, other
than a Defaulting Lender (a “Participant”) in all or a portion of such Lender’s rights and
obligations under this Agreement (including all or a portion of its Commitment and

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the Loans owing to it); provided that (i) such Lender’s obligations under this
Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative
Agent, the Issuing Bank and the other Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement
or instrument pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and to approve any amendment, modification or
waiver of any provision of this Agreement; provided that such agreement or
instrument may provide that such Lender will not, without the consent of the Participant, agree to
any amendment, modification or waiver described in the first proviso to Section 9.02(b) that
affects such Participant. Each Lender that sells a participation shall, acting solely for this
purpose as an agent of the Borrower, maintain a register on which it enters the name and address of
each Participant and the principal amounts (and stated interest) of each Participant’s interest in
the Loans or other obligations under the Loan Documents (the “Participant Register”);
provided that no Lender shall have any obligation to disclose all or any portion of the
Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any commitments, loans, letters of credit or its other obligations under
any Loan Document) to any Person except to the extent that such disclosure is necessary to
establish that such commitment, loan, letter of credit or other obligation is in registered form
under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the
Participant Register shall be conclusive absent manifest error, and such Lender shall treat each
Person whose name is recorded in the Participant Register as the owner of such participation for
all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of
doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no
responsibility for maintaining a Participant Register.

     (f) A Participant shall not be entitled to receive any greater payment under Section 2.15 or
2.17 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.17 unless the Borrower is notified
of the participation sold to such Participant and such Participant agrees, for the benefit of the
Borrower, to comply with Section 2.17(e) as though it were a Lender and has zero withholding at the
time of participation.

     (g) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender to a Federal Reserve Bank or
any central bank having jurisdiction over such Lender, and this Section shall not apply to any such
pledge or assignment of a security interest; provided that no such pledge or
assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto.

     (h) In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment shall be effective unless and until, in addition to the other
conditions thereto set forth herein, the parties to the assignment shall make such additional
payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof
as appropriate (which may be outright payment, purchases by the assignee of participations or
subparticipations, or other compensating actions, including funding, with the

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consent of the Borrower and the Administrative Agent, the applicable pro rata share of Revolving
Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable
assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment
liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder
(and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of
all Revolving Loans and participations in Letters of Credit and Swingline Loans in accordance with
its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of
rights and obligations of any Defaulting Lender hereunder shall become effective under applicable
Law without compliance with the provisions of this paragraph, then the assignee of such interest
shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance
occurs.

     SECTION 9.05. Survival. All covenants, agreements, representations and warranties
made by the Borrower herein and in the certificates or other instruments delivered in connection
with or pursuant to this Agreement shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of this Agreement and the making of any
Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other
party or on its behalf and notwithstanding that the Administrative Agent, the Issuing Bank or any
Lender may have had notice or knowledge of any Default or incorrect representation or warranty at
the time any credit is extended hereunder, and shall continue in full force and effect as long as
the principal of or any accrued interest on any Loan or any fee or any other amount payable under
this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the
Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 9.03
and Article VIII shall survive and remain in full force and effect regardless of the consummation
of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination
of the Letters of Credit and the Commitments or the termination of this Agreement or any provision
hereof.

     SECTION 9.06. Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single
contract. This Agreement and any separate letter agreements with respect to fees payable to the
Administrative Agent constitute the entire contract among the parties relating to the subject
matter hereof and supersede any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof. This Agreement shall become effective on the Effective
Date, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. Delivery of an executed counterpart of a signature page of this
Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this
Agreement.

     SECTION 9.07. Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
Without limiting the foregoing provisions of this Section, if and to the extent that the
enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited
by bankruptcy, insolvency, receivership or similar law, as determined in good faith by the
Administrative Agent,

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the Issuing Bank or the Swingline Lender, as applicable, then such provisions shall be deemed to be
in effect only to the extent not so limited.

     SECTION 9.08. Right of Setoff. If an Event of Default shall have occurred and be
continuing and acceleration of the Loans shall have occurred under Article VII, each Lender and
each of its Affiliates is hereby authorized at any time and from time to time, to the fullest
extent permitted by law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final) at any time held and other obligations at any time owing by such
Lender or Affiliate to or for the credit or the account of the Borrower or CEGP against any of and
all the obligations of the Borrower or CEGP now or hereafter existing under this Agreement held by
such Lender, irrespective of whether or not such Lender shall have made any demand under this
Agreement and although such obligations may be unmatured; provided, that in the event that
any Defaulting Lender shall exercise any such right of setoff granted hereunder, (x) all amounts so
set off shall be paid over immediately to the Administrative Agent for further application in
accordance with the provisions of Section 2.18 and, pending such payment, shall be segregated by
such Defaulting Lender from its other funds and deemed held in trust for the benefit of the
Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the
Administrative Agent a statement describing in reasonable detail the obligations under this
Agreement owing to such Defaulting Lender as to which it exercised such right of setoff. The
rights of each Lender under this Section are in addition to other rights and remedies (including
other rights of setoff) which such Lender may have.

     SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This
Agreement shall be construed in accordance with and governed by the law of the State of New York.

     (b) Each of the Borrower and CEGP hereby irrevocably and unconditionally submits, for itself
and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York
sitting in New York County and of the United States District Court of the Southern District of New
York, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement, or for recognition or enforcement of any judgment, and each of the
parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such
action or proceeding may be heard and determined in such New York State or, to the extent permitted
by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right
that the Administrative Agent, the Issuing Bank or any Lender may otherwise have to bring any
action or proceeding relating to this Agreement against the Borrower or CEGP or their respective
properties in the courts of any jurisdiction.

     (c) Each of the Borrower and CEGP hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection which it may now or hereafter
have to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement in any court referred to in paragraph (b) of this Section. Each of the parties hereto
hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient
forum to the maintenance of such action or proceeding in any such court.

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     (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.01. Nothing in this Agreement will affect the right of any party
to this Agreement to serve process in any other manner permitted by law.

     SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION.

     SECTION 9.11. Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect
the construction of, or be taken into consideration in interpreting, this Agreement.

     SECTION 9.12. Confidentiality. Each of the Administrative Agent, the Co-Syndication
Agents, the Co-Documentation Agents, and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its and its
Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and
other advisors (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information
confidential), (b) to the extent requested by any regulatory authority, (c) to the extent required
by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other
party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit,
action or proceeding relating to this Agreement or the enforcement of rights hereunder, (f) subject
to an agreement containing provisions substantially the same as those of this Section, to any
assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights
or obligations under this Agreement (including any pledgee or assignee permitted under Section
9.04(g)), (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes
publicly available other than as a result of a breach of this Section or (ii) becomes available to
the Administrative Agent, Co-Syndication Agents, the Co-Documentation Agents or any Lender on a
nonconfidential basis from a source other than the Borrower and its Related Parties. For the
purposes of this Section, “Information” means all information received from the Borrower relating
to the Borrower or its business, other than any such information that is available to the
Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower.

     SECTION 9.13. Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges
and other amounts which are treated as interest on such Loan under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be
contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance
with applicable law, the rate of interest payable in respect of such Loan hereunder,

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together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to
the extent lawful, the interest and Charges that would have been payable in respect of such Loan
but were not payable as a result of the operation of this Section shall be cumulated and the
interest and Charges payable to such Lender in respect of other Loans or periods shall be increased
(but not above the Maximum Rate therefor) until such cumulated amount, together (to the extent
lawful) with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall
have been received by such Lender. In no event shall the aggregate “interest” (as defined in
section 347 of the Criminal Code (Canada)) payable by CEGP under this Agreement, the Notes or any
other document or instrument executed in connection with this Agreement or the Notes exceed the
maximum effective annual rate of interest on the “credit advanced” (as defined in that section)
permitted under that section and, if any payment, collection or demand pursuant to this Agreement
in respect of “interest” (as defined in that section) is determined to be contrary to the
provisions of that section, such payment, collection or demand shall be deemed to have been made by
mutual mistake of CEGP, the Administrative Agent and Lenders and the amount of such excess payment
or collection shall be refunded to CEGP. For purposes of any Notes made by CEGP, the effective
annual rate of interest shall be determined in accordance with generally accepted actuarial
practices and principles over the term applicable thereto on the basis of annual compounding of the
lawfully permitted rate of interest and, in the event of dispute, a certificate of a Fellow of the
Canadian Institute of Actuaries appointed by Administrative Agent shall be prima facie evidence,
for the purposes of such determination.

     SECTION 9.14. Liability of Manager. It is hereby understood and agreed that Manager
shall have no personal liability, as a member of the Borrower or otherwise, for the payment of any
amount owing or to be owing hereunder.

     SECTION 9.15. USA Patriot Act Notice. Each Lender and Agent (for itself and not on
behalf of any Lender) hereby notifies Borrower that pursuant to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2003)) (the “Act”), it is
required to obtain, verify and record information that identifies Borrower and CEGP, which
information includes the name and address of Borrower and CEGP and other information that will
allow such Lender or the Agent, as applicable, to identify Borrower and CEGP in accordance with the
Act. The Borrower shall, following a request by the Agent or any Lender, provide all documentation
and other information that the Agent or such Lender reasonably requests in order to comply with its
ongoing obligations under applicable “know your customer” and anti-money laundering rules and
regulations, including the Act.

     SECTION 9.16. No Advisory or Fiduciary Responsibility. In connection with all
aspects of each transaction contemplated hereby (including in connection with any amendment, waiver
or other modification hereof or of any other loan document executed or delivered in connection
herewith), each of Borrower and CEGP acknowledges and agrees, and acknowledges its Affiliates’
understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by
Administrative Agent, arrangers and Lenders are arm’s-length commercial transactions between
Borrower, CEGP and their Affiliates, on the one hand, and Administrative Agent, arrangers and
Lenders, on the other hand, (B) each of Borrower and CEGP has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate, and (C) each of Borrower and
CEGP is capable of evaluating, and understands and accepts, the terms, risks and conditions of the
transactions contemplated hereby and by the other loan

71

 

documents executed or delivered in connection herewith; (ii) (A) Administrative Agent, each Lender
and each arranger is and has been acting solely as a principal and, except as expressly agreed in
writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent
or fiduciary for Borrower, CEGP or any of their respective Affiliates, or any other Person and (B)
neither Administrative Agent nor any arranger or Lender has any obligation to Borrower, CEGP or any
of their respective Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other loan documents executed or delivered in
connection herewith; and (iii) Administrative Agent, arrangers and Lenders and their respective
Affiliates may be engaged in a broad range of transactions that involve interests that differ from
those of Borrower, CEGP and their respective Affiliates, and neither Administrative Agent, any
arranger or any Lender has any obligation to disclose any of such interests to Borrower, CEGP or
their respective Affiliates. To the fullest extent permitted by law, each of Borrower and CEGP
hereby waives and releases any claims that it may have against Administrative Agent, any arranger
or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in
connection with any aspect of any transaction contemplated hereby.

     SECTION 9.17. Existing Credit Facility. The undersigned Lenders, to the extent a
party to the Existing Credit Facility, agree and acknowledge that in connection with the
refinancing of the loans under the Existing Credit Facility pursuant hereto, Borrower,
Administrative Agent and Lenders shall make adjustments to (i) the outstanding principal amount of
“Revolving Loans” (as defined in the Existing Credit Facility) (but not any interest accrued
thereon prior to the Effective Date or any accrued facility fees under the Existing Credit Facility
prior to the Effective Date), including the borrowing of such additional “Revolving Loans” (which
may include “Eurodollar Loans” (as defined in the Existing Credit Facility) and the repayment of
“Revolving Loans” (which may include the prepayment or conversion of “Eurodollar Loans”) plus all
applicable accrued interest, fees and expenses as shall be necessary to provide for Revolving Loans
by each Lender in the amount of its new Applicable Percentage of all Revolving Loans as of the
Effective Date, and (ii) participations in Existing Letters of Credit to provide for each Lender’s
participation in each Existing Letter of Credit equal to such Lender’s new Applicable Percentage of
the aggregate amount available to be drawn under each such Existing Letter of Credit as of the
Effective Date. In connection with the foregoing, each Lender shall be deemed to have made an
assignment of its outstanding Revolving Loans and “Commitments” (as defined in the Existing Credit
Facility) under the Existing Credit Facility, and assumed outstanding Revolving Loans and
Commitments of other Lenders under the Existing Credit Facility, all at the request of the
Borrower, as may be necessary to effect the foregoing, and each such Lender shall be entitled to
any reimbursement under Section 2.16 hereof with respect thereto. Each of the undersigned Lenders,
to the extent a party to the Existing Credit Facility, waives any requirement under the Existing
Credit Facility that notice with respect to any such borrowing, prepayment or other transaction
described in this Section 9.17 be given.

[Signature Pages to Follow]

72

 

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

	 	 	 	 	 
	 	ENTERPRISE PRODUCTS OPERATING LLC

By: Enterprise Products OLPGP, Inc.,

       its Manager

 	 
	 	By:  	/s/ Bryan F. Bulawa
 	 
	 	 	Bryan F. Bulawa 	 
	 	 	Senior Vice President and Treasurer 	 
	 

	 	 	 	 	 
	 	CANADIAN ENTERPRISE GAS PRODUCTS, LTD.

 	 
	 	By:  	/s/ Bryan F. Bulawa
 	 
	 	 	Bryan F. Bulawa 	 
	 	 	Vice President and Treasurer 	 
	 

73

 

	 	 	 	 	 
	 	WELLS FARGO BANK,

NATIONAL ASSOCIATION,

as Administrative Agent, Issuing Bank, Swingline

Lender and a Lender

 	 
	 	By:  	/s/ Mark Oberreuter
 	 
	 	 	Name:  	Mark Oberreuter 	 
	 	 	Title:  	Vice President 	 

S-1

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA,

as Co-Syndication Agent and a Lender

 	 
	 	By:  	/s/ John Frazell
 	 
	 	 	Name:  	John Frazell 	 
	 	 	Title:  	Director 	 

S-2

 

	 	 	 	 	 

	 	 	 	 	 
	 	MIZUHO CORPORATE BANK, LTD.,

As Co-Syndication Agent and a Lender

 	 
	 	By:  	/s/ Leon Mo
 	 
	 	 	Name:  	Leon Mo 	 
	 	 	Title:  	Authorized Signatory 	 

S-3

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND PLC,

as Co-Syndication Agent and a Lender

 	 
	 	By:  	/s/ Todd Vaubel
 	 
	 	 	Name:  	Todd Vaubel 	 
	 	 	Title:  	Authorised Signatory 	 

S-4

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as Co-Documentation Agent and a Lender

 	 
	 	By:  	/s/ Stephanie Balette
 	 
	 	 	Name:  	Stephanie Balette 	 
	 	 	Title:  	Authorized Officer 	 

S-5

 

	 	 	 	 	 

	 	 	 	 	 
	 	BARCLAYS BANK PLC,

as Co-Documentation Agent and a Lender

 	 
	 	By:  	/s/ Michael Mozer
 	 
	 	 	Name:  	Michael Mozer 	 
	 	 	Title:  	Vice President 	 

S-6

 

	 	 	 	 	 

	 	 	 	 	 
	 	CITIBANK, N.A., a Lender

 	 
	 	By:  	/s/ Michael Vondriska
 	 
	 	 	Name:  	Michael Vondriska 	 
	 	 	Title:  	Vice President 	 

S-7

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., a Lender

 	 
	 	By:  	/s/ Joseph Scott
 	 
	 	 	Name:  	Joseph Scott 	 
	 	 	Title:  	Director 	 

S-8

 

	 	 	 	 	 

	 	 	 	 	 
	 	BNP PARIBAS, a Lender

 	 
	 	By:  	/s/ J. Christopher Lyons
 	 
	 	 	Name:  	J. Christopher Lyons 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                             /s/ Greg Smothers
 	 
	 	 	Name:  	Greg Smothers 	 
	 	 	Title:  	Director 	 

S-9

 

	 	 	 	 	 

	 	 	 	 	 
	 	DNB NOR BANK ASA, a Lender

 	 
	 	By:  	/s/ Thomas Tangen
 	 
	 	 	Name:  	Thomas Tangen 	 
	 	 	Title:  	Senior Vice President
Head of Corporate Banking	 
	 
	 	By:  	/s/ Henrik Asland
 	 
	 	 	Name:  	Henrik Asland 	 
	 	 	Title:  	Senior Vice President 	 

S-10

 

	 	 	 	 	 

	 	 	 	 	 
	 	MORGAN STANLEY BANK NA,

a Lender

 	 
	 	By:  	/s/ Sherrese Clarke
 	 
	 	 	Name:  	Sherrese Clarke 	 
	 	 	Title:  	Vice President 	 

S-11

 

	 	 	 	 	 

	 	 	 	 	 
	 	SUNTRUST BANK, a Lender

 	 
	 	By:  	/s/ Carmen Malizia
 	 
	 	 	Name:  	Carmen Malizia 	 
	 	 	Title:  	Vice President 	 

S-12

 

	 	 	 	 	 

	 	 	 	 	 
	 	COMPASS BANK, a Lender

 	 
	 	By:  	/s/ Greg Determann
 	 
	 	 	Name:  	Greg Determann 	 
	 	 	Title:  	Senior Vice President 	 

S-13

 

	 	 	 	 	 

	 	 	 	 	 
	 	CREDIT SUISSE AG, a Lender

 	 
	 	By:  	/s/ Nupur Kumar
 	 
	 	 	Name:  	Nupur Kumar 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                                              /s/ Michael Spaight
 	 
	 	 	Name:  	Michael Spaight 	 
	 	 	Title:  	Associate 	 

S-14

 

	 	 	 	 	 

	 	 	 	 	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH,

a Lender

 	 
	 	By:  	/s/ Philippe Sandmeier
 	 
	 	 	Name:  	Philippe Sandmeier 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Lawrence Williamson
 	 
	 	 	Name:  	Lawrence Williamson 	 
	 	 	Title:  	Managing Director 	 

S-15

 

	 	 	 	 	 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA, a Lender

 	 
	 	By:  	/s/ Jim Allred
 	 
	 	 	Name:  	Jim Allred 	 
	 	 	Title:  	Authorized Signatory 	 

S-16

 

	 	 	 	 	 

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING CORP.,

a Lender

 	 
	 	By:  	/s/ Hiroshi Higuma
 	 
	 	 	Name:  	Hiroshi Higuma 	 
	 	 	Title:  	Joint General Manager 	 

S-17

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, 
LTD., a Lender

 	 
	 	By:  	/s/ William S. Rogers
 	 
	 	 	Name:  	William S. Rogers 	 
	 	 	Title:  	Authorized Signatory 	 

S-18

 

	 	 	 	 	 

	 	 	 	 	 
	 	UBS AG, STAMFORD BRANCH, a Lender

 	 
	 	By:  	/s/ Irja R. Otsa
 	 
	 	 	Name:  	Irja R. Otsa 	 
	 	 	Title:  	Associate Director Banking Products

Services US 	 
	 
	 	 	 
	 	By:  	                                              /s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director Banking Products

Services US 	 

S-19

 

	 	 	 	 	 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,

a Lender

 	 
	 	By:  	/s/ John Prigge
 	 
	 	 	Name:  	John Prigge 	 
	 	 	Title:  	Vice President 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION,

CANADA BRANCH

 	 
	 	By:  	/s/ Joseph Rauhala
 	 
	 	 	Name:  	Joseph Rauhala 	 
	 	 	Title:  	Principal Officer 	 

S-20

 

	 	 	 	 	 

	 	 	 	 	 
	 	ING CAPITAL LLC, a Lender

 	 
	 	By:  	/s/ Richard Ennis
 	 
	 	 	Name:  	Richard Ennis 	 
	 	 	Title:  	Managing Director 	 

S-21

 

	 	 	 	 	 

	 	 	 	 	 
	 	RAYMOND JAMES BANK, FSB, a Lender

 	 
	 	By:  	/s/ Garrett McKinnon
 	 
	 	 	Name:  	Garrett McKinnon 	 
	 	 	Title:  	Senior Vice President 	 

S-22

 

	 	 	 	 	 

SCHEDULE 1.01

EXISTING LETTERS OF CREDIT

None

 

 

SCHEDULE 2.01

COMMITMENTS

	 	 	 	 	 	 	 	 	 
	Lender	 	Commitment	 	 	Applicable Percentage*	 
	Wells Fargo Bank, National Association
	 	$	180,000,000	 	 	 	5.1428571429	%
	The Bank of Nova Scotia
	 	$	180,000,000	 	 	 	5.1428571429	%
	Mizuho Corporate Bank, Ltd.
	 	$	180,000,000	 	 	 	5.1428571429	%
	The Royal Bank of Scotland plc
	 	$	180,000,000	 	 	 	5.1428571429	%
	JPMorgan Chase Bank, N.A.
	 	$	175,000,000	 	 	 	5.0000000000	%
	Barclays Bank plc
	 	$	175,000,000	 	 	 	5.0000000000	%
	Citibank, N.A.
	 	$	180,000,000	 	 	 	5.1428571429	%
	Bank of America, N.A.
	 	$	175,000,000	 	 	 	5.0000000000	%
	BNP Paribas
	 	$	175,000,000	 	 	 	5.0000000000	%
	DnB NOR Bank ASA
	 	$	175,000,000	 	 	 	5.0000000000	%
	Morgan Stanley Bank NA
	 	$	175,000,000	 	 	 	5.0000000000	%
	SunTrust Bank
	 	$	175,000,000	 	 	 	5.0000000000	%
	Compass Bank
	 	$	161,000,000	 	 	 	4.6000000000	%
	Credit Suisse AG
	 	$	161,000,000	 	 	 	4.6000000000	%
	Deutsche Bank AG New York Branch
	 	$	161,000,000	 	 	 	4.6000000000	%
	Royal Bank of Canada
	 	$	161,000,000	 	 	 	4.6000000000	%
	Sumitomo Mitsui Banking Corp.
	 	$	161,000,000	 	 	 	4.6000000000	%
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	 	$	161,000,000	 	 	 	4.6000000000	%
	UBS AG, Stamford Branch
	 	$	161,000,000	 	 	 	4.6000000000	%
	U.S. Bank National Association
	 	$	137,000,000	 	 	 	3.9142857143	%
	ING Capital LLC
	 	$	80,000,000	 	 	 	2.2857142857	%
	Raymond James Bank, FSB
	 	$	31,000,000	 	 	 	0.8857142857	%
	 
	TOTAL
	 	$	3,500,000,000	 	 	 	100.0000000000	%

 

			
	*	 	Rounded to 10 decimal places

 

 

SCHEDULE 3.05

DISCLOSED MATTERS

None

 

 

SCHEDULE 3.11

SUBSIDIARIES

	 	 	 	 	 	 	 	 	 
	 	 	Jurisdiction	 	 	 	 	 
	Name of Subsidiary	 	of Formation	 	Effective Ownership	 	%	 
	Acadian Gas, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	34	%
	 
	 	 	 	DEP Operating Partnership, L.P.	 	 	66	%
	Acadian Gas Pipeline System
	 	Delaware	 	TXO-Acadian Gas Pipeline, LLC	 	 	50	%
	 
	 	 	 	MCN Acadian Gas Pipeline, LLC	 	 	50	%
	Adamana Land Company, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Arizona Gas Storage, L.L.C.
	 	Delaware	 	Enterprise Arizona Gas, L.L.C.	 	 	60	%
	 
	 	 	 	Third Party	 	 	40	%
	Atlantis Offshore, LLC
	 	Delaware	 	Manta Ray Gathering Company, L.L.C.	 	 	50	%
	 
	 	 	 	Manta Ray Offshore Gathering Company, L.L.C.	 	 	50	%
	Baton Rouge Fractionators LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	32.25	%
	 
	 	 	 	Third Parties	 	 	67.75	%
	Baton Rouge Pipeline LLC
	 	Delaware	 	Baton Rouge Fractionators LLC	 	 	100	%
	Baton Rouge Propylene Concentrator LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	30	%
	 
	 	 	 	Third Parties	 	 	70	%
	Belle Rose NGL Pipeline, L.L.C.
	 	Delaware	 	Enterprise NGL Pipelines, LLC	 	 	41.67	%
	 
	 	 	 	Enterprise Products Operating LLC	 	 	58.33	%
	Belvieu Environmental Fuels GP, LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	Belvieu Environmental Fuels LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	99	%
	 
	 	 	 	Belvieu Environmental Fuels GP, LLC	 	 	1	%
	Cajun Pipeline Company, LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	Calcasieu Gas Gathering System
	 	Texas	 	TXO-Acadian Gas Pipeline, LLC	 	 	50	%
	 
	 	 	 	MCN Acadian Gas Pipeline, LLC	 	 	50	%
	Cameron Highway Oil Pipeline Company
	 	Delaware	 	Cameron Highway Pipeline I, L.P.	 	 	50	%
	 
	 	 	 	Third Party	 	 	50	%
	Cameron Highway Pipeline GP, L.L.C.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%
	Cameron Highway Pipeline I, L.P.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	99	%
	 
	 	 	 	Cameron Highway Pipeline GP, L.L.C.	 	 	1	%
	Canadian Enterprise Gas Products, Ltd.
	 	Alberta, Canada	 	Enterprise Products Operating LLC	 	 	100	%
	Centennial Pipeline LLC
	 	Delaware	 	Enterprise TE Products Pipeline Company, LLC	 	 	50	%
	 
	 	 	 	Third Party	 	 	50	%
	Chama Gas Services, LLC
	 	Delaware	 	Enterprise New Mexico Ventures, LLC	 	 	75	%
	 
	 	 	 	Third Party	 	 	25	%
	Channelview Fleeting Services, L.L.C.
	 	Texas	 	Enterprise Marine Services LLC	 	 	100	%
	Chaparral Pipeline Company, LLC
	 	Texas	 	Enterprise Midstream Companies LLC	 	 	99.999	%
	 
	 	 	 	Enterprise NGL Pipelines II LLC	 	 	0.001	%
	Chunchula Pipeline Company, LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	Crystal Holding, L.L.C.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%
	CTCO of Texas, LLC
	 	Texas	 	Enterprise Marine Services LLC	 	 	100	%
	Cypress Gas Marketing, LLC
	 	Delaware	 	Acadian Gas, LLC	 	 	100	%
	Cypress Gas Pipeline, LLC
	 	Delaware	 	Acadian Gas, LLC	 	 	100	%
	Dean Pipeline Company, LLC
	 	Texas	 	Enterprise Midstream Companies LLC	 	 	99.999	%
	 
	 	 	 	Enterprise NGL Pipelines, LLC	 	 	0.001	%
	Deep Gulf Development, LLC
	 	Delaware	 	Enterprise Offshore Development, LLC	 	 	90	%
	 
	 	 	 	Third Party	 	 	10	%

 

 

	 	 	 	 	 	 	 	 	 
	 	 	Jurisdiction	 	 	 	 	 
	Name of Subsidiary	 	of Formation	 	Effective Ownership	 	%	 
	Deepwater Gateway, L.L.C.
	 	Delaware	 	Enterprise Field Services, LLC	 	 	50	%
	 
	 	 	 	Third Party	 	 	50	%
	DEP Holdings, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	DEP Offshore Port System, LLC
	 	Texas	 	DEP Operating Partnership, L.P.	 	 	100	%
	DEP OLPGP, LLC
	 	Delaware	 	Duncan Energy Partners L.P.	 	 	100	%
	DEP Operating Partnership, L.P.
	 	Delaware	 	Duncan Energy Partners L.P.	 	 	99.999	%
	 
	 	 	 	DEP OLPGP, LLC	 	 	0.001	%
	Dixie Pipeline Company
	 	Delaware	 	E-Cypress, LLC	 	 	100	%
	Duncan Energy Partners L.P.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	99.299	%
	 
	 	 	 	DEP Holdings LLC	 	 	0.700	%
	 
	 	 	 	Enterprise Products OLPGP, Inc.	 	 	0.001	%
	E-Cypress, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	E-Oaktree, LLC
	 	Delaware	 	E-Cypress, LLC	 	 	100	%
	ECO Property LLC
	 	Delaware	 	Enterprise Crude Oil LLC	 	 	100	%
	Energy Ventures, LLC
	 	Colorado	 	Enterprise Crude Oil LLC	 	 	100	%
	Enterprise Arizona Gas, LLC
	 	Delaware	 	Enterprise Field Services, LLC	 	 	100	%
	Enterprise Big Thicket Pipeline System LLC
	 	Texas	 	Enterprise GC, L.P.	 	 	100	%
	Enterprise Crude GP LLC
	 	Delaware	 	TCTM, L.P.	 	 	100	%
	Enterprise Crude Oil LLC
	 	Texas	 	TCTM, L.P.	 	 	99.99	%
	 
	 	 	 	Enterprise Crude GP LLC	 	 	0.01	%
	Enterprise Crude Pipeline LLC
	 	Texas	 	TCTM, L.P.	 	 	99.99	%
	 
	 	 	 	Enterprise Crude GP LLC	 	 	0.01	%
	Enterprise Energy Finance Corporation
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%
	Enterprise ETE LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Field Services, LLC
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%
	Enterprise Fractionation, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Gas Liquids LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Gas Processing, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Gathering LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Gathering II LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise GC, L.P.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	34	%
	 
	 	 	 	Enterprise Holding III, LLC	 	 	66	%
	Enterprise GP LLC
	 	Delaware	 	Enterprise TE Partners L.P.	 	 	100	%
	Enterprise GTM Hattiesburg Storage, LLC
	 	Delaware	 	Crystal Holding, L.L.C.	 	 	100	%
	Enterprise GTM Holdings L.P.
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise GTM Offshore Operating
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%
	Company, LLC
	 	 	 	 	 	 	 	 
	Enterprise GTMGP, LLC
	 	Delaware	 	Enterprise Products GTM, LLC	 	 	100	%
	Enterprise Holding III, LLC
	 	Delaware	 	DEP Operating Partnership, L.P.	 	 	100	%
	Enterprise Hydrocarbons L.P.
	 	Delaware	 	Enterprise Products Texas Operating LLC	 	 	99	%
	 
	 	 	 	Enterprise Products Operating LLC	 	 	1	%
	Enterprise Intrastate L.P.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	49	%
	 
	 	 	 	Enterprise Holding III, LLC	 	 	51	%
	Enterprise Jonah Gas Gathering Company LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Lou-Tex NGL Pipeline L.P.
	 	Texas	 	Enterprise Products Operating LLC	 	 	99	%
	 
	 	 	 	HSC Pipeline Partnership, LLC	 	 	1	%
	Enterprise Lou-Tex Propylene Pipeline L.P.
	 	Texas	 	Enterprise Products Operating LLC	 	 	33	%
	 
	 	 	 	Propylene Pipeline Partnership L.P.	 	 	1	%
	 
	 	 	 	DEP Operating Partnership, L.P.	 	 	66	%

 

 

	 	 	 	 	 	 	 	 	 
	 	 	Jurisdiction	 	 	 	 	 
	Name of Subsidiary	 	of Formation	 	Effective Ownership	 	%	 
	Enterprise Louisiana Pipeline LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Marine Services LLC
	 	Delaware	 	Enterprise TE Partners L.P.	 	 	100	%
	 
	 	 	 	Enterprise TE Partners L.P.	 	 	99.999	%
	Enterprise Midstream Companies LLC
	 	Texas	 	Enterprise GP LLC	 	 	0.001	%
	Enterprise New Mexico Ventures, LLC
	 	Delaware	 	Enterprise Field Services, LLC	 	 	100	%
	Enterprise NGL Pipelines, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise NGL Pipelines II LLC
	 	Delaware	 	Enterprise Midstream Companies LLC	 	 	100	%
	Enterprise NGL Private Lines & Storage, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Offshore Development, LLC
	 	Delaware	 	Moray Pipeline Company, LLC	 	 	100	%
	Enterprise Offshore Port System, LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Pathfinder, LLC
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%
	Enterprise Products GTM, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Products Marketing Company LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Products OLPGP, Inc.
	 	Delaware	 	Enterprise Products Partners L.P.	 	 	100	%
	Enterprise Products Operating LLC
	 	Texas	 	Enterprise Products Partners L.P.	 	 	99.999	%
	 
	 	 	 	Enterprise Products OLPGP, Inc.	 	 	0.001	%
	Enterprise Products Pipeline Company LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Enterprise Products Texas Operating LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	99	%
	 
	 	 	 	Enterprise Products OLPGP, Inc.	 	 	1	%
	Enterprise Products Transportation Company
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	LLC
	 	 	 	 	 	 	 	 
	Enterprise Propane Terminals and Storage, LLC
	 	Delaware	 	Enterprise Terminals & Storage, LLC	 	 	100	%
	Enterprise Refined Products Company LLC
	 	Delaware	 	Enterprise TE Products Pipeline Company LLC	 	 	100	%
	Enterprise Refined Products Marketing
	 	Delaware	 	Enterprise Refined Products Company LLC	 	 	100	%
	Company LLC
	 	 	 	 	 	 	 	 
	Enterprise Seaway L.P.
	 	Delaware	 	Enterprise Crude Pipeline LLC	 	 	99.99	%
	 
	 	 	 	Enterprise Crude GP LLC	 	 	0.01	%
	Enterprise South Texas Gathering L.P.
	 	Delaware	 	Enterprise Products Operating LLC	 	 	99	%
	 
	 	 	 	Enterprise Products OLPGP, Inc.	 	 	1	%
	Enterprise TE Investments LLC
	 	Delaware	 	Enterprise Products Pipeline Company LLC	 	 	100	%
	Enterprise TE Partners L.P.
	 	Delaware	 	Enterprise Products Pipeline Company LLC	 	 	2	%
	 
	 	 	 	Enterprise Products Operating LLC	 	 	98	%
	Enterprise TE Products Pipeline Company LLC
	 	Texas	 	Enterprise TE Partners L.P.	 	 	99.999	%
	 
	 	 	 	Enterprise GP LLC	 	 	0.001	%
	Enterprise Terminalling LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	99	%
	 
	 	 	 	Enterprise Gas Liquids LLC	 	 	1	%
	Enterprise Terminals & Storage, LLC
	 	Delaware	 	Mapletree, LLC	 	 	100	%
	Enterprise Texas Pipeline LLC
	 	Texas	 	Enterprise GTM Holdings L.P.	 	 	49	%
	 
	 	 	 	Enterprise Holding III, LLC	 	 	51	%
	Enterprise White River Hub, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Evangeline Gas Corp.
	 	Delaware	 	Evangeline Gulf Coast Gas, LLC	 	 	45.05	%
	 
	 	 	 	Third Parties	 	 	54.95	%
	Evangeline Gas Pipeline Company, L.P.
	 	Texas	 	Evangeline Gulf Coast Gas, LLC	 	 	45	%
	 
	 	 	 	Evangeline Gas Corp.	 	 	10	%
	 
	 	 	 	Third Party	 	 	45	%
	Evangeline Gulf Coast Gas, LLC
	 	Delaware	 	Acadian Gas, LLC	 	 	100	%
	First Reserve Gas, L.L.C.
	 	Delaware	 	Crystal Holding, L.L.C.	 	 	100	%
	Flextrend Development Company, L.L.C.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%

 

 

	 	 	 	 	 	 	 	 	 
	 	 	Jurisdiction	 	 	 	 	 
	Name of Subsidiary	 	of Formation	 	Effective Ownership	 	%	 
	Groves RGP Pipeline LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	99	%
	 
	 	 	 	Enterprise Products Texas Operating LLC	 	 	1	%
	Hattiesburg Gas Storage Company
	 	Delaware	 	First Reserve Gas, L.L.C.	 	 	50	%
	 
	 	 	 	Hattiesburg Industrial Gas Sales, L.L.C.	 	 	50	%
	Hattiesburg Industrial Gas Sales, L.L.C.
	 	Delaware	 	First Reserve Gas, L.L.C.	 	 	100	%
	High Island Offshore System, L.L.C.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%
	HSC Pipeline Partnership, LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	99	%
	 
	 	 	 	Enterprise Products OLPGP, Inc.	 	 	1	%
	Independence Hub, LLC
	 	Delaware	 	Enterprise Field Services, LLC	 	 	80	%
	 
	 	 	 	Third Party	 	 	20	%
	JMRS Transport Services, Inc.
	 	Delaware	 	Enterprise Products Transportation Company LLC	 	 	100	%
	K/D/S Promix, L.L.C.
	 	Delaware	 	Enterprise Fractionation, LLC	 	 	50	%
	 
	 	 	 	Third Parties	 	 	50	%
	La Porte Pipeline Company, L.P.
	 	Texas	 	Enterprise Products Operating LLC	 	 	49.5	%
	 
	 	 	 	La Porte Pipeline GP, LLC	 	 	1.0	%
	 
	 	 	 	Third Party	 	 	49.5	%
	La Porte Pipeline GP, L.L.C.
	 	Delaware	 	Enterprise Products Operating LLC	 	 	50	%
	 
	 	 	 	Third Party	 	 	50	%
	Lubrication Services, LLC
	 	Texas	 	Enterprise Crude Oil LLC	 	 	99.99	%
	 
	 	 	 	Enterprise Crude GP LLC	 	 	0.01	%
	Manta Ray Gathering Company, L.L.C.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%
	Manta Ray Offshore Gathering Company, L.L.C.
	 	Delaware	 	Neptune Pipeline Company, L.L.C.	 	 	100	%
	Mapletree, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	MCN Acadian Gas Pipeline, LLC
	 	Delaware	 	Acadian Gas, LLC	 	 	100	%
	MCN Pelican Interstate Gas, LLC
	 	Delaware	 	Acadian Gas, LLC	 	 	100	%
	Mid-America Pipeline Company, LLC
	 	Delaware	 	Mapletree, LLC	 	 	100	%
	Mont Belvieu Caverns, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	33.365	%
	 
	 	 	 	Enterprise Products OLPGP, Inc.	 	 	0.635	%
	 
	 	 	 	DEP Operating Partnership, L.P.	 	 	66	%
	Moray Pipeline Company, L.L.C.
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Nautilus Pipeline Company, L.L.C.
	 	Delaware	 	Neptune Pipeline Company, L.L.C.	 	 	100	%
	Neches Pipeline System
	 	Delaware	 	TXO-Acadian Gas Pipeline, LLC	 	 	50	%
	 
	 	 	 	MCN Acadian Gas Pipeline, LLC	 	 	50	%
	Nemo Gathering Company, LLC
	 	Delaware	 	Moray Pipeline Company, LLC	 	 	33.92	%
	 
	 	 	 	Third Party	 	 	66.08	%
	Neptune Pipeline Company, L.L.C.
	 	Delaware	 	Sailfish Pipeline Company, L.L.C.	 	 	25.67	%
	 
	 	 	 	Third Parties	 	 	74.33	%
	Norco-Taft Pipeline, LLC
	 	Delaware	 	Enterprise NGL Private Lines & Storage, LLC	 	 	100	%
	Olefins Terminal Corporation
	 	Delaware	 	E-Cypress, LLC	 	 	100	%
	Panola Pipeline Company, LLC
	 	Texas	 	Enterprise Midstream Companies LLC	 	 	99.999	%
	 
	 	 	 	Enterprise NGL Pipelines II LLC	 	 	0.001	%
	Petal Gas Storage, L.L.C.
	 	Delaware	 	Crystal Holding, L.L.C.	 	 	100	%
	Pontchartrain Natural Gas System
	 	Texas	 	TXO-Acadian Gas Pipeline, LLC	 	 	50	%
	 
	 	 	 	MCN Acadian Gas Pipeline, LLC	 	 	50	%
	Port Neches GP LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	Port Neches Pipeline LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	99	%
	 
	 	 	 	Port Neches GP LLC	 	 	1	%
	Poseidon Oil Pipeline Company, L.L.C.
	 	Delaware	 	Poseidon Pipeline Company, L.L.C.	 	 	36	%
	 
	 	 	 	Third Parties	 	 	64	%

 

 

	 	 	 	 	 	 	 	 	 
	 	 	Jurisdiction	 	 	 	 	 
	Name of Subsidiary	 	of Formation	 	Effective Ownership	 	%	 
	Poseidon Pipeline Company, L.L.C.
	 	Delaware	 	Enterprise GTM Holdings L.P.	 	 	100	%
	Propylene Pipeline Partnership, L.P.
	 	Texas	 	Enterprise Products Operating LLC	 	 	99	%
	 
	 	 	 	Enterprise Products OLPGP, Inc.	 	 	1	%
	QP-LS, LLC
	 	Wyoming	 	Lubrication Services, LLC	 	 	100	%
	Quanah Pipeline Company, LLC
	 	Texas	 	Enterprise Midstream Companies LLC	 	 	99.999	%
	 
	 	 	 	Enterprise NGL Pipelines II LLC	 	 	0.001	%
	Rio Grande Pipeline Company
	 	Texas	 	Enterprise Products Operating Company	 	 	70	%
	 
	 	 	 	Third Party	 	 	30	%
	Rugged West Services LLC
	 	Delaware	 	Enterprise Crude Oil LLC	 	 	100	%
	Sabine Propylene Pipeline L.P.
	 	Texas	 	Enterprise Products Operating LLC	 	 	33	%
	 
	 	 	 	Propylene Pipeline Partnership L.P.	 	 	1	%
	 
	 	 	 	DEP Operating Partnership, L.P.	 	 	66	%
	Sailfish Pipeline Company, L.L.C.
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Seaway Crude Pipeline Company
	 	Texas	 	Enterprise Seaway L.P.	 	 	50	%
	 
	 	 	 	Third Parties	 	 	50	%
	Seminole Pipeline Company
	 	Delaware	 	E-Oaktree, LLC	 	 	80	%
	 
	 	 	 	E-Cypress, LLC	 	 	10	%
	 
	 	 	 	Third Party	 	 	10	%
	Skelly-Belvieu Pipeline Company, L.L.C.
	 	Delaware	 	Enterprise Products Operating LLC	 	 	50	%
	 
	 	 	 	Third Party	 	 	50	%
	Sorrento Pipeline Company, LLC
	 	Texas	 	Enterprise Products Operating LLC	 	 	100	%
	South Texas NGL Pipelines, LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	34	%
	 
	 	 	 	DEP Operating Partnership, L.P.	 	 	66	%
	TCTM, L.P.
	 	Delaware	 	Enterprise TE Partners L.P.	 	 	99.999	%
	 
	 	 	 	Enterprise GP LLC	 	 	0.001	%
	TECO Gas Gathering LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	TECO Gas Processing LLC
	 	Delaware	 	Enterprise Products Operating LLC	 	 	100	%
	Tejas-Magnolia Energy, LLC
	 	Delaware	 	Pontchartrain Natural Gas System	 	 	96.6	%
	 
	 	 	 	MCN Pelican Interstate Gas, LLC	 	 	3.4	%
	TEPPCO O/S Port System, LLC
	 	Texas	 	Enterprise Crude GP LLC	 	 	100	%
	Tri-States NGL Pipeline, L.L.C.
	 	Delaware	 	Enterprise Products Operating LLC	 	 	50	%
	 
	 	 	 	Enterprise NGL Pipelines, LLC	 	 	33.3	%
	 
	 	 	 	Third Party	 	 	16.67	%
	TXO-Acadian Gas Pipeline, LLC
	 	Delaware	 	Acadian Gas, LLC	 	 	100	%
	Venice Energy Services Company, L.L.C.
	 	Delaware	 	Enterprise Gas Processing LLC	 	 	13.1	%
	 
	 	 	 	Third Parties	 	 	86.99	%
	White River Hub, LLC
	 	Delaware	 	Enterprise White River Hub, LLC	 	 	50	%
	 
	 	 	 	Third Party	 	 	50	%
	Wilcox Pipeline Company, LLC
	 	Texas	 	Enterprise Midstream Companies LLC	 	 	99.999	%
	 
	 	 	 	Enterprise  NGL Pipelines II LLC	 	 	0.001	%
	WILPRISE Pipeline Company, L.L.C.
	 	Delaware	 	Enterprise Products Operating LLC	 	 	74.7	%
	 
	 	 	 	Third Party	 	 	25.3	%

 

 

SCHEDULE 6.06

EXISTING RESTRICTIONS

None

 

 

EXHIBIT A

FORM OF

ASSIGNMENT AND ACCEPTANCE

     Reference is made to the Revolving Credit Agreement dated as of September 7, 2011 (as amended
and in effect on the date hereof, the “Credit Agreement”), among Enterprise Products Operating LLC,
Canadian Enterprise Gas Products, Ltd., the Lenders named therein and Wells Fargo Bank, National
Association, as Administrative Agent for the Lenders. Terms defined in the Credit Agreement are
used herein with the same meanings.

     The Assignor named herein hereby sells and assigns, without recourse, to the Assignee named
herein, and the Assignee hereby purchases and assumes, without recourse, from the Assignor,
effective as of the Assignment Date set forth herein the interests set forth herein (the “Assigned
Interest”) in the Assignor’s rights and obligations under the Credit Agreement, including, without
limitation, the interests set forth herein in the Commitment of the Assignor on the Assignment Date
and Revolving Loans owing to the Assignor which are outstanding on the Assignment Date, together
with the participations in Letters of Credit, LC Disbursements and Swingline Loans held by the
Assignor on the Assignment Date, but excluding accrued interest and fees to and excluding the
Assignment Date. The Assignee hereby acknowledges receipt of a copy of the Credit Agreement. From
and after the Assignment Date (i) the Assignee shall be a party to and be bound by the provisions
of the Credit Agreement and, to the extent of the Assigned Interest, have the rights and
obligations of a Lender thereunder and (ii) the Assignor shall, to the extent of the Assigned
Interest, relinquish its rights and be released from its obligations under the Credit Agreement.

     This Assignment and Acceptance is being delivered to the Administrative Agent together with
(i) if the Assignee is a Foreign Lender, any documentation required to be delivered by the Assignee
pursuant to Section 2.17(e) of the Credit Agreement, duly completed and executed by the Assignee,
and (ii) if the Assignee is not already a Lender under the Credit Agreement, an Administrative
Questionnaire in the form supplied by the Administrative Agent, duly completed by the Assignee.
The [Assignee/Assignor] shall pay the fee payable to the Administrative Agent pursuant to Section
9.04(b) of the Credit Agreement.

     This Assignment and Acceptance shall be governed by and construed in accordance with the laws
of the State of New York.

Date of Assignment:

Legal Name of Assignor:

Legal Name of Assignee:

Assignee’s Address for Notices:

Effective Date of Assignment

(“Assignment Date”):

1

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Percentage Assigned of	 
	 	 	 	 	 	 	Facility/Commitment	 
	 	 	 	 	 	 	(set forth, to at least	 
	 	 	 	 	 	 	8 decimals, as a	 
	 	 	 	 	 	 	percentage of the	 
	 	 	 	 	 	 	Facility and the	 
	 	 	 	 	 	 	aggregate Commitments	 
	 	 	Principal Amount	 	 	of all Lenders	 
	Facility	 	Assigned	 	 	thereunder)	 
	Commitment Assigned:
	 	$	 	 	 	 	%	 
	Revolving Loans:
	 	 	 	 	 	 	 	 

The terms set forth above are hereby agreed to:

	 	 	 	 	 
	 	[Name of Assignor], as Assignor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	[Name of Assignee], as Assignee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

2

 

The undersigned hereby consent to the within assignment:

	 	 	 	 	 	 	 

	Enterprise Products Operating LLC	 	Wells Fargo Bank, National Association,
	 	 	 	 	as Administrative Agent
	By:

	 	Enterprise Products OLPGP, Inc.,	 	 	 	 
	 

	 	Manager	 	 	 	 
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	 

	 	Name:
	 	 	 	Name:
	 

	 	Title:
	 	 	 	Title:
	 
	 	 	 	 	 	 
	Wells Fargo Bank, National Association,	 	Wells Fargo Bank, National Association,
	as Swingline Lender	 	as Issuing Bank
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	 

	 	Name:
	 	 	 	Name:
	 

	 	Title:
	 	 	 	Title:

3

 

EXHIBIT B

FORM OF BORROWING REQUEST

Dated __________

Wells Fargo Bank, National Association,

     as Administrative Agent

1525 W WT Harris Blvd.

Charlotte, NC 28262

Attention: Syndication Agency Services

Ladies and Gentlemen:

     This Borrowing Request is delivered to you by Enterprise Products Operating LLC (the
“Borrower”), a Texas limited liability company, under Section 2.03 of the Revolving Credit
Agreement dated as of September 7, 2011 (as restated, amended, modified, supplemented and in
effect, the “Credit Agreement”), by and among the Borrower, Canadian Enterprise Gas Products, Ltd.,
the Lenders party thereto, and Wells Fargo Bank, National Association, as Administrative Agent.

     1. The Borrower hereby requests that the Lenders make a Loan or Loans to [the Borrower/CEGP]
in the aggregate principal amount of $______________ (the “Revolving Loan” or the “Revolving
Loans”).1/

     2. The Borrower hereby requests that the Revolving Loan or Revolving Loans be made on the
following Business Day: 2/

     3. The Borrower hereby requests that the Revolving Loan or Revolving Loans bear interest at
the following interest rate, plus (if Eurodollar Loan) the Applicable Rate, as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Principal	 	 	 	 	 	 	 	 	 	 	Maturity Date for	 
	Type of	 	 	Component of	 	 	Interest	 	 	Interest Period	 	 	Interest Period	 
	Revolving Loan	 	 	Revolving Loan	 	 	Rate	 	 	(if applicable)	 	 	(if applicable)	 

 

			
	1.	 	Complete with an amount in accordance with Section
2.03 of the Credit Agreement.
	 
	2.	 	Complete with a Business Day in accordance with
Section 2.03 of the Credit Agreement.

1

 

     4. The Borrower hereby requests that the funds from the Revolving Loan or Revolving Loans be
disbursed to the following bank account:

               
                         
      .

     5. After giving effect to the requested Revolving Loan, the sum of the Exposures (including
the requested Revolving Loans) does not exceed the maximum amount permitted to be outstanding
pursuant to the terms of the Credit Agreement [and the CEGP Exposure (including the requested
Revolving Loans) does not exceed the CEGP Sublimit]..

     6. All of the conditions applicable to the Revolving Loans requested herein as set forth in
the Credit Agreement have been satisfied as of the date hereof and will remain satisfied to the
date of such Loans.

     7. All capitalized undefined terms used herein have the meanings assigned thereto in the
Credit Agreement.

     IN WITNESS WHEREOF, the undersigned have executed this Borrowing Request this _____ day of
_______________, _____.

	 	 	 	 	 
	 	ENTERPRISE PRODUCTS OPERATING LLC

 	 
	 	By:  	Enterprise Products OLPGP, Inc.,
 	 
	 	 	its Manager 	 
	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

EXHIBIT C

FORM OF

INTEREST ELECTION REQUEST

Dated _____________

Wells Fargo Bank, National Association,

     as Administrative Agent

1525 W WT Harris Blvd.

Charlotte, NC 28262

Attention: Syndication Agency Services

Ladies and Gentlemen:

     This irrevocable Interest Election Request (the “Request”) is delivered to you under Section
2.07 of the Revolving Credit Agreement dated as of September 7, 2011 (as restated, amended,
modified, supplemented and in effect from time to time, the “Credit Agreement”), by and among
Enterprise Products Operating LLC, a Texas limited liability company (the “Company”), Canadian
Enterprise Gas Products, Ltd., the Lenders party thereto (the “Lenders”), and Wells Fargo Bank,
National Association, as Administrative Agent.

     1. This Interest Election Request is submitted for the purpose of:

     (a) [Converting] [Continuing] a ____________ Revolving Loan of [the Company/CEGP]
[into] [as] a ____________ Loan.1/

     (b) The aggregate outstanding principal balance of such Revolving Loan is
$_____________.

     (c) The last day of the current Interest Period for such Revolving Loan is
____________.2/

     (d) The principal amount of such Revolving Loan to be [converted] [continued] is
$____________.3/

     (e) The requested effective date of the [conversion] [continuation] of such Revolving
Loan is ______________.4/

     (f) The requested Interest Period applicable to the [converted] [continued] Revolving
Loan is ___________________.5/

 

			
	1.	 	Delete the bracketed language and insert “Alternate
Base Rate” or “LIBO Rate”, as applicable, in each blank.
	 
	2.	 	Insert applicable date for any Eurodollar Loan being
converted or continued.
	 
	3.	 	Complete with an amount in compliance with Section
2.08 of the Credit Agreement.
	 
	4.	 	Complete with a Business Day in compliance with
Section 2.08 of the Credit Agreement.

1

 

     2. With respect to a Revolving Borrowing to be converted to or continued as a Eurodollar
Borrowing, no Event of Default exists, and none will exist upon the conversion or continuation of
the Revolving Borrowing requested herein.

     3. All capitalized undefined terms used herein have the meanings assigned thereto in the
Credit Agreement.

     IN WITNESS WHEREOF, the undersigned has executed this Interest Election Request this _____ day
of ___________________, ___.

	 	 	 	 	 
	 	ENTERPRISE PRODUCTS OPERATING LLC

 	 
	 	By:  	Enterprise Products OLPGP, Inc.,
 	 
	 	 	its Manager 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

			
	5.	 	Complete for each Eurodollar Loan in compliance with
the definition of the term “Interest Period” specified in Section 1.01.

2

 

EXHIBIT D-1, D-2 and D-3

FORMS OF

OPINIONS OF COUNSEL FOR BORROWER, EPD AND CEGP

 

 

EXHIBIT E

FORM OF COMPLIANCE CERTIFICATE

     The undersigned hereby certifies that he is the _______________________ of ENTERPRISE PRODUCTS
OLPGP, INC. a Delaware corporation, manager of ENTERPRISE PRODUCTS OPERATING LLC, a Texas limited
liability company (the “Borrower”), and that as such he is authorized to execute this certificate
on behalf of the Borrower. With reference to the Revolving Credit Agreement dated as of September
7, 2011 (as restated, amended, modified, supplemented and in effect from time to time, the
“Agreement”), among the Borrower, Canadian Enterprise Gas Products, Ltd., Wells Fargo Bank,
National Association, as Administrative Agent, for the lenders (the “Lenders”), which are or become
a party thereto, and such Lenders, the undersigned represents and warrants as follows (each
capitalized term used herein having the same meaning given to it in the Agreement unless otherwise
specified);

(a) [There currently does not exist any Default under the Agreement.] [Attached hereto is a
schedule specifying the details of [a] certain Default[s] which exist under the Agreement
and the action taken or proposed to be taken with respect thereto.]

(b) Attached hereto are the detailed computations necessary to determine whether the
Borrower is in compliance with Section 6.07 of the Agreement as of the end of the [fiscal
quarter][fiscal year] ending _______________ .

EXECUTED AND DELIVERED this ____ day of _________________, 20            .

	 	 	 	 	 
	 	ENTERPRISE PRODUCTS OPERATING LLC

 	 
	 	By:  	Enterprise Products OLPGP, Inc.,
 	 
	 	 	its Manager 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

EXHIBIT F-1

FORM OF

REVOLVING LOAN NOTE

(Revolving Credit Facility)

	
$_____________	 	 _______, 201__

     [ENTERPRISE PRODUCTS OPERATING LLC, a Texas limited liability company (the
“Borrower”)] [CANADIAN ENTERPRISE GAS PRODUCTS, LTD., an Alberta corporation
(“CEGP”)], for value received, promises and agrees to pay to ____________________ (the
“Lender”), or order, at the payment office of WELLS FARGO BANK, NATIONAL ASSOCIATION, as
Administrative Agent, at 1525 W WT Harris Blvd., Charlotte, NC 28262, the principal sum of
____________________ AND NO/100 DOLLARS ($_____________), or such lesser amount as shall equal the
aggregate unpaid principal amount of the Revolving Loans owed to the Lender under the Credit
Agreement, as hereafter defined, in lawful money of the United States of America and in immediately
available funds, on the dates and in the principal amounts provided in the Credit Agreement, and to
pay interest on the unpaid principal amount as provided in the Credit Agreement for such Revolving
Loans, at such office, in like money and funds, for the period commencing on the date of each such
Revolving Loan until such Revolving Loan shall be paid in full, at the rates per annum and on the
dates provided in the Credit Agreement.

     This note evidences the Revolving Loans owed to the Lender under that certain Revolving Credit
Agreement dated as of September 7, 2011, by and among [the Borrower, Canadian Enterprise Gas
Products, Ltd.] [Enterprise Products Operating LLC, CEGP], Wells Fargo Bank, National Association,
individually, as Administrative Agent, and the other financial institutions parties thereto
(including the Lender) (such Credit Agreement, together with all amendments or supplements thereto,
being the “Credit Agreement”), and shall be governed by the Credit Agreement. Capitalized
terms used in this note and not defined in this note, but which are defined in the Credit
Agreement, have the respective meanings herein as are assigned to them in the Credit Agreement.

     The Lender is hereby authorized by [the Borrower/CEGP] to endorse on Schedule A (or a
continuation thereof) attached to this note, the Type of each Revolving Loan owed to the Lender,
the amount and date of each payment or prepayment of principal of each such Revolving Loan received
by the Lender and the Interest Periods and interest rates applicable to each Revolving Loan,
provided that any failure by the Lender to make any such endorsement shall not affect the
obligations of [the Borrower/CEGP] under the Credit Agreement or under this note in respect of such
Revolving Loans.

     This note may be held by the Lender for the account of its applicable lending office and,
except as otherwise provided in the Credit Agreement, may be transferred from one lending office of
the Lender to another lending office of the Lender from time to time as the Lender may determine.

     Except only for any notices which are specifically required by the Credit Agreement, [the
Borrower/CEGP] and any and all co-makers, endorsers, guarantors and sureties severally waive notice
(including but not limited to notice of intent to accelerate and notice of acceleration, notice of
protest and notice of dishonor), demand, presentment for payment, protest, diligence in

1

 

collecting and the filing of suit for the purpose of fixing liability, and consent that the
time of payment hereof may be extended and re-extended from time to time without notice to any of
them. Each such person agrees that its liability on or with respect to this note shall not be
affected by any release of or change in any guaranty or security at any time existing or by any
failure to perfect or maintain perfection of any lien against or security interest in any such
security or the partial or complete unenforceability of any guaranty or other surety obligation, in
each case in whole or in part, with or without notice and before or after maturity.

     The Credit Agreement provides for the acceleration of the maturity of this note upon the
occurrence of certain events and for prepayment of Revolving Loans upon the terms and conditions
specified therein. Reference is made to the Credit Agreement for all other pertinent purposes.

     This note is issued pursuant to and is entitled to the benefits of the Credit Agreement.

     It is hereby understood and agreed that Enterprise Products OLPGP, Inc., the Manager of the
Borrower, shall have no personal liability, as Manager or otherwise, for the payment of any amount
owing or to be owing hereunder.

     This note shall be construed in accordance with and be governed by the law of the State of
New York and the United States of America from time to time in effect.

	 	 	 	 	 
	 	[ENTERPRISE PRODUCTS OPERATING LLC

 	 
	 	By:  	Enterprise Products OLPGP, Inc.,
 	 
	 	 	its Manager] 	 
	 	
[CANADIAN ENTERPRISE GAS PRODUCTS, LTD.] 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

2

 

SCHEDULE A

TO

REVOLVING LOAN NOTE

This note evidences the Revolving Loans owed to the Lender under the Credit Agreement, in the
principal amount set forth below and the applicable Interest Periods and rates for each such
Revolving Loan, subject to the payments of principal set forth below:

SCHEDULE

OF

REVOLVING LOANS AND PAYMENTS OF PRINCIPAL AND INTEREST

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Principal	 	 	Amount of	 	 	 	 	 	 	Balance	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Amount of	 	 	Principal	 	 	 	 	 	 	of	 	 	Notation	 
	 	 	 	 	Interest	 	 	 	 	 	 	Revolving	 	 	Paid or	 	 	Interest	 	 	Revolving	 	 	Made	 
	Date	 	 	Period	 	 	Rate	 	 	Loan	 	 	Prepaid	 	 	Paid	 	 	Loans	 	 	by	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

3

 

EXHIBIT F-2

FORM OF

SWINGLINE LOAN NOTE

(Revolving Credit Facility)

			
	 	 	 
	$[100/25],000,000.00
	 	September __, 2011

     [ENTERPRISE PRODUCTS OPERATING LLC, a Texas limited liability company (the
“Borrower”)] [CANADIAN ENTERPRISE GAS PRODUCTS, LTD., an Alberta corporation
(“CEGP”)], for value received, promises and agrees to pay to WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Swingline Lender under the Credit Agreement, as hereafter defined (the
“Swingline Lender”), or order, at the payment office of WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Administrative Agent, at 1525 W WT Harris Blvd., Charlotte, NC 28262, the
principal sum of [ONE HUNDRED/TWENTY-FIVE] MILLION AND NO/100 DOLLARS ($[100/25],000,000.00), or
such lesser amount as shall equal the aggregate unpaid principal amount of the Swingline Loans owed
to the Swingline Lender under the Credit Agreement, in lawful money of the United States of
America and in immediately available funds, on the dates and in the principal amounts provided in
the Credit Agreement, and to pay interest on the unpaid principal amount as provided in the Credit
Agreement for such Swingline Loans, at such office, in like money and funds, for the period
commencing on the date of each such Swingline Loan until such Swingline Loan shall be paid in full,
at the rates per annum and on the dates provided in the Credit Agreement.

     This note evidences the Swingline Loans owed to the Swingline Lender under that certain
Revolving Credit Agreement dated as of September 7, 2011, by and among [the Borrower, Canadian
Enterprise Gas Products, Ltd.][Enterprise Products Operating LLC, CEGP], Wells Fargo Bank, National
Association, individually, as Administrative Agent, Issuing Bank and Swingline Lender, and the
other financial institutions parties thereto (such Credit Agreement, together with all amendments
or supplements thereto, being the “Credit Agreement”), and shall be governed by the Credit
Agreement. Capitalized terms used in this note and not defined in this note, but which are defined
in the Credit Agreement, have the respective meanings herein as are assigned to them in the Credit
Agreement.

     The Swingline Lender is hereby authorized by [the Borrower/CEGP] to endorse on Schedule A (or
a continuation thereof) attached to this note, the amount and date of each payment or prepayment of
principal of each such Swingline Loan received by the Swingline Lender, provided that any failure
by the Swingline Lender to make any such endorsement shall not affect the obligations of [the
Borrower/CEGP] under the Credit Agreement or under this note in respect of such Swingline Loans.

     This note may be held by the Swingline Lender for the account of its applicable lending office
and, except as otherwise provided in the Credit Agreement, may be transferred from one lending
office of the Swingline Lender to another lending office of the Swingline Lender from time to time
as the Swingline Lender may determine.

     Except only for any notices which are specifically required by the Credit Agreement, [the
Borrower/CEGP] and any and all co-makers, endorsers, guarantors and sureties severally waive notice
(including but not limited to notice of intent to accelerate and notice of acceleration, notice of
protest and notice of dishonor), demand, presentment for payment, protest, diligence in

1

 

collecting and the filing of suit for the purpose of fixing liability, and consent that the
time of payment hereof may be extended and re-extended from time to time without notice to any of
them. Each such person agrees that its liability on or with respect to this note shall not be
affected by any release of or change in any guaranty or security at any time existing or by any
failure to perfect or maintain perfection of any lien against or security interest in any such
security or the partial or complete unenforceability of any guaranty or other surety obligation, in
each case in whole or in part, with or without notice and before or after maturity.

     The Credit Agreement provides for the acceleration of the maturity of this note upon the
occurrence of certain events and for prepayment of Swingline Loans upon the terms and conditions
specified therein. Reference is made to the Credit Agreement for all other pertinent purposes.

     This note is issued pursuant to and is entitled to the benefits of the Credit Agreement.

     It is hereby understood and agreed that Enterprise Products OLPGP, Inc., the Manager of the
Borrower, shall have no personal liability, as Manager or otherwise, for the payment of any amount
owing or to be owing hereunder.

     This note shall be construed in accordance with and be governed by the law of the State of
New York and the United States of America from time to time in effect.

	 	 	 	 	 
	 	[ENTERPRISE PRODUCTS OPERATING LLC

 	 
	 	By:  	Enterprise Products OLPGP, Inc.,
 	 
	 	 	its Manager] 	 
	 	 	 	 
	 
	 	[CANADIAN ENTERPRISE GAS PRODUCTS, LTD.]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

2

 

SCHEDULE A

TO

SWINGLINE LOAN NOTE

This note evidences the Swingline Loans owed to the Lender under the Credit Agreement, in the
principal amount set forth below, subject to the payments of principal set forth below:

SCHEDULE

OF

SWINGLINE LOANS AND PAYMENTS OF PRINCIPAL AND INTEREST

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Principal	 	 	Amount of	 	 	 	 	 	 	Balance	 	 	 	 
	 	 	 	 	Amount of	 	 	Principal	 	 	 	 	 	 	of	 	 	Notation	 
	 	 	 	 	Swingline	 	 	Paid or	 	 	Interest	 	 	Swingline	 	 	Made	 
	Date	 	 	Loan	 	 	Prepaid	 	 	Paid	 	 	Loans	 	 	by	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

3exv10w2

Exhibit 10.2

GUARANTY AGREEMENT

     THIS GUARANTY AGREEMENT, dated as of September 7, 2011, by ENTERPRISE PRODUCTS PARTNERS L.P.,
a Delaware limited partnership (the “Guarantor”) and ENTERPRISE PRODUCTS OPERATING LLC, a
Texas limited liability company (“Borrower”), is in favor of WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Administrative Agent (the “Agent”) for the several lenders (
“Lenders”) that are or become parties to the Credit Agreement defined below.

W I T N E S S E T H:

     WHEREAS, Borrower and Canadian Enterprise Gas Products, Ltd. (“CEGP”), have entered
into that certain Revolving Credit Agreement of even date herewith among Borrower, CEGP, as
Canadian borrower, Administrative Agent, and the Lenders party thereto (as the same may be amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”); and

     WHEREAS, one of the terms and conditions stated in the Credit Agreement for the making of the
loans described therein is the execution and delivery to the Agent for the benefit of the Lenders
of this Guaranty Agreement;

     NOW, THEREFORE, (i) in order to comply with the terms and conditions of the Credit Agreement,
(ii) to induce the Lenders, at any time or from time to time, to loan monies, with or without
security to or for the account of Borrower and CEGP in accordance with the terms of the Credit
Agreement, (iii) at the special insistence and request of the Lenders, and (iv) for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Guarantor and
Borrower hereby agree as follows:

ARTICLE 1

General Terms

     Section 1.1 Terms Defined Above. As used in this Guaranty Agreement, the terms
“Agent”, “Borrower”, “CEGP”, “Credit Agreement”,
“Guarantor” and “Lenders” shall have the meanings indicated above.

     Section 1.2 Certain Definitions. As used in this Guaranty Agreement, the following
terms shall have the following meanings, unless the context otherwise requires:

“Guarantor Claims” shall have the meaning indicated in Section 4.1 hereof.

“Guaranty Agreement” shall mean this Guaranty Agreement, as the same may
from time to time be amended, supplemented, or otherwise modified.

“Liabilities” shall mean (a) any and all Indebtedness of the Borrower and/or
CEGP pursuant to the Credit Agreement or this Guaranty Agreement, including

1

 

without
limitation (i) the unpaid principal of and interest on the Revolving Loans and
Swingline Loans, including without limitation, interest accruing subsequent to the
filing of a petition or other action concerning bankruptcy or other similar
proceeding, (ii) payment and performance of all Letters of Credit issued by the
Issuing Bank for the account of the Borrower under the Credit Agreement, (iii)
payment of any reimbursement obligations of the Borrower in respect of any LC
Disbursement or any other amount owed by the Borrower and/or CEGP under the Credit
Agreement, including without limitation, fees and indemnity payments, and (iv)
Borrower’s guaranty hereunder of CEGP’s Indebtedness under the Credit Agreement, and
(b) all renewals, rearrangements, increases, extensions for any period, amendments,
supplements, exchanges or reissuances in whole or in part of the Indebtedness of
Borrower and/or CEGP under the Credit Agreement, or any other documents or
instruments evidencing any of the above.

     Section 1.3 Credit Agreement Definitions. Unless otherwise defined herein, all terms
beginning with a capital letter which are defined in the Credit Agreement shall have the same
meanings herein as therein.

ARTICLE 2

The Guaranty

     Section 2.1 Liabilities Guaranteed. Guarantor hereby irrevocably and unconditionally
guarantees in favor of the Agent for the benefit of the Lenders the prompt payment of the
Liabilities when due, whether at maturity or otherwise.

     Section 2.2 Nature of Guaranty. This Guaranty Agreement is an absolute, irrevocable,
completed and continuing guaranty of payment and not a guaranty of collection, and no notice of the
Liabilities or any extension of credit already or hereafter contracted by or extended to Borrower
and/or CEGP need be given to Guarantor. This Guaranty Agreement may not be revoked by Guarantor
and shall continue to be effective with respect to debt under the Liabilities arising or created
after any attempted revocation by Guarantor and shall remain in full force and effect until the
Liabilities are paid in full and the Commitments are terminated, notwithstanding that from time to
time prior thereto no Liabilities may be outstanding. Borrower, CEGP and the Lenders may modify,
alter, rearrange, extend for any period and/or renew from time to time the Liabilities, and the
Lenders may waive any Default or Events of Default without notice to the Guarantor and in such
event Guarantor
will remain fully bound hereunder on the Liabilities. This Guaranty Agreement shall continue to be
effective or be reinstated, as the case may be, if at any time any payment of the Liabilities is
rescinded or must otherwise be returned by any of the Lenders upon the insolvency, bankruptcy or
reorganization of Borrower and/or CEGP or otherwise, all as though such payment had not been made.
This Guaranty Agreement may be enforced by the Agent and any subsequent holder of any of the
Liabilities and shall not be discharged by the assignment or negotiation of all or part of the
Liabilities. Guarantor hereby expressly waives presentment, demand, notice of non-payment, protest
and notice of protest and dishonor, notice of Default or Event of Default, notice of intent to
accelerate the maturity and notice of acceleration of the maturity and any other notice in
connection with the Liabilities, and also notice of acceptance of this Guaranty Agreement,
acceptance on the part of the Agent for

2

 

the benefit of the Lenders being conclusively presumed by
the Lenders’ request for this Guaranty Agreement and delivery of the same to the Agent.

     Section 2.3 Agent’s Rights. Guarantor authorizes the Agent, without notice or demand
and without affecting Guarantor’s liability hereunder, to take and hold security for the payment of
this Guaranty Agreement and/or the Liabilities, and exchange, enforce, waive and release any such
security; and to apply such security and direct the order or manner of sale thereof as the Agent in
its discretion may determine; and to obtain a guaranty of the Liabilities from any one or more
Persons and at any time or times to enforce, waive, rearrange, modify, limit or release any of such
other Persons from their obligations under such guaranties.

     Section 2.4 Guarantor’s Waivers.

     (a) General. Guarantor waives any right to require any of the Lenders to (i)
proceed against Borrower and/or CEGP or any other person liable on the Liabilities, (ii)
enforce any of their rights against any other guarantor of the Liabilities, (iii) proceed or
enforce any of their rights against or exhaust any security given to secure the Liabilities,
(iv) have Borrower and/or CEGP joined with Guarantor in any suit arising out of this
Guaranty Agreement and/or the Liabilities, or (v) pursue any other remedy in the Lenders’
powers whatsoever. Except as provided in the Credit Agreement, the Lenders shall not be
required to mitigate damages or take any action to reduce, collect or enforce the
Liabilities, and the failure to so mitigate or take any such action shall not release the
Guarantor from this Guaranty Agreement. Guarantor waives any defense arising by reason of
any disability, lack of authority or power, or other defense (other than payment in full of
the Liabilities) of Borrower, CEGP or any other guarantor of the Liabilities, and shall
remain liable hereon regardless of whether Borrower, CEGP or any other guarantor be found
not liable thereon for any reason. Whether and when to exercise any of the remedies of the
Lenders under the Credit Agreement shall be in the sole and absolute discretion of the
Agent, and no delay by the Agent in enforcing any remedy, including delay in conducting a
foreclosure sale, shall be a defense to the Guarantor’s liability under this Guaranty
Agreement. To the extent allowed by applicable law, the Guarantor hereby waives any good
faith duty on the part of the Agent in exercising any remedies provided in the Credit
Agreement.

     (b) Subrogation. Until the Liabilities have been paid in full, the Guarantor
waives all rights of subrogation or reimbursement against the Borrower and/or CEGP,
whether arising by contract or operation of law (including, without limitation, any such
right arising under any federal or state bankruptcy or insolvency laws) and waives any right
to enforce any remedy which the Lenders now have or may hereafter have against the Borrower
and/or CEGP, and waives any benefit or any right to participate in any security now or
hereafter held by the Agent or any Lender.

     Section 2.5 Maturity of Liabilities; Payment. Guarantor agrees that if the maturity
of any of the Liabilities is accelerated by bankruptcy or otherwise, such maturity shall also be
deemed accelerated for the purpose of this Guaranty Agreement without demand or notice to
Guarantor. Guarantor will, forthwith upon notice from the Agent, pay to the Agent the amount

3

 

due
and unpaid by Borrower and/or CEGP and guaranteed hereby. The failure of the Agent to give this
notice shall not in any way release Guarantor hereunder.

     Section 2.6 Agent’s Expenses. If Guarantor fails to pay the Liabilities after notice
from the Agent of Borrower’s and/or CEGP’s failure to pay any Liabilities at maturity, and if the
Agent obtains the services of an attorney for collection of amounts owing by Guarantor hereunder,
or obtaining advice of counsel in respect of any of its rights under this Guaranty Agreement, or if
suit is filed to enforce this Guaranty Agreement, or if proceedings are had in any bankruptcy,
receivership or other judicial proceedings for the establishment or collection of any amount owing
by Guarantor hereunder, or if any amount owing by Guarantor hereunder is collected through such
proceedings, Guarantor agrees to pay to the Agent the Agent’s reasonable attorneys’ fees.

     Section 2.7 Liability. It is expressly agreed that the liability of the Guarantor for
the payment of the Liabilities guaranteed hereby shall be primary and not secondary.

     Section 2.8 Events and Circumstances Not Reducing or Discharging Guarantor’s
Obligations. Guarantor hereby consents and agrees to each of the following to the fullest
extent permitted by law, and agrees that Guarantor’s obligations under this Guaranty Agreement
shall not be released, diminished, impaired, reduced or adversely affected by any of the following,
and waives any rights (including without limitation rights to notice) which Guarantor might
otherwise have as a result of or in connection with any of the following:

     (a) Modifications, etc. Any renewal, extension, modification,
increase, decrease, alteration, rearrangement, exchange or reissuance of all or any
part of the Liabilities, or of the Letters of Credit or the Credit Agreement or any
instrument executed in connection therewith, or any contract or understanding
between Borrower and/or CEGP and any of the Lenders, or any other Person, pertaining
to the Liabilities;

     (b) Adjustment, etc. Any adjustment, indulgence, forbearance or
compromise that might be granted or given by any of the Lenders to Borrower or CEGP
or Guarantor or any Person liable on the Liabilities;

     (c) Condition of Borrower, CEGP or Guarantor. The insolvency,
bankruptcy arrangement, adjustment, composition, liquidation, disability,
dissolution, death or lack of power of Borrower, CEGP or Guarantor or any other
Person at any time liable for the payment of all or part of the Liabilities; or any
dissolution of Borrower, CEGP or Guarantor, or any sale, lease or transfer of any or
all of the assets of Borrower, CEGP or Guarantor, or any changes in the
shareholders, partners, or members of Borrower, CEGP or Guarantor; or any
reorganization of Borrower, CEGP or Guarantor;

     (d) Invalidity of Liabilities. The invalidity, illegality or
unenforceability of all or any part of the Liabilities, or any document or agreement
executed in connection with the Liabilities, for any reason whatsoever, including
without limitation the fact that the Liabilities, or any part thereof,

4

 

exceed the
amount permitted by law, the act of creating the Liabilities or any part thereof is
ultra vires, the officers or representatives executing the documents
or otherwise creating the Liabilities acted in excess of their authority, the
Liabilities violate applicable usury laws, the Borrower and/or CEGP has valid
defenses (other than payment in full of the Liabilities), claims or offsets (whether
at law, in equity or by agreement) which render the Liabilities wholly or partially
uncollectible from Borrower and/or CEGP, the creation, performance or repayment of
the Liabilities (or the execution, delivery and performance of any document or
instrument representing part of the Liabilities or executed in connection with the
Liabilities, or given to secure the repayment of the Liabilities) is illegal,
uncollectible, legally impossible or unenforceable, or the Credit Agreement or other
documents or instruments pertaining to the Liabilities have been forged or otherwise
are irregular or not genuine or authentic;

     (e) Release of Obligors. Any full or partial release of the liability
of Borrower and/or CEGP on the Liabilities or any part thereof, of any
co-guarantors, or any other Person now or hereafter liable, whether directly or
indirectly, jointly, severally, or jointly and severally, to pay, perform, guarantee
or assure the payment of the Liabilities or any part thereof, it being recognized,
acknowledged and agreed by Guarantor that Guarantor may be required to pay the
Liabilities in full without assistance or support of any other Person, and Guarantor
has not been induced to enter into this Guaranty Agreement on the basis of a
contemplation, belief, understanding or agreement that other parties other than the
Borrower and/or CEGP will be liable to perform the Liabilities, or the Lenders will
look to other parties to perform the Liabilities.

     (f) Other Security. The taking or accepting of any other security,
collateral or guaranty, or other assurance of payment, for all or any part of the
Liabilities;

     (g) Release of Collateral, etc. Any release, surrender, exchange,
subordination, deterioration, waste, loss or impairment (including without
limitation negligent, willful, unreasonable or unjustifiable impairment) of any
collateral, property or security, at any time existing in connection with, or
assuring or securing payment of, all or any part of the Liabilities;

     (h) Care and Diligence. The failure of the Lenders or any other Person
to exercise diligence or reasonable care in the preservation, protection,
enforcement, sale or other handling or treatment of all or any part of such
collateral, property or security;

     (i) Status of Liens. The fact that any collateral, security, security
interest or lien contemplated or intended to be given, created or granted as
security for the repayment of the Liabilities shall not be properly perfected or
created, or shall prove to be unenforceable or subordinate to any other security
interest or lien, it being recognized and agreed by Guarantor that Guarantor is not
entering into this Guaranty Agreement in reliance on, or in contemplation of the

5

 

benefits of, the validity, enforceability, collectability or value of any collateral
for the Liabilities;

     (j) Payments Rescinded. Any payment by Borrower and/or CEGP to the
Lenders is held to constitute a preference under the bankruptcy laws, or for any
reason the Lenders are required to refund such payment or pay such amount to
Borrower, CEGP or someone else; or

     (k) Other Actions Taken or Omitted. Any other action taken or omitted
to be taken with respect to the Credit Agreement, the Liabilities, or the security
and collateral therefor, whether or not such action or omission prejudices Guarantor
or increases the likelihood that Guarantor will be required to pay the Liabilities
pursuant to the terms hereof; it being the unambiguous and unequivocal intention of
Guarantor that Guarantor shall be obligated to pay the Liabilities when due,
notwithstanding any occurrence, circumstance, event, action, or omission whatsoever,
whether contemplated or uncontemplated, and whether or not otherwise or particularly
described herein, except for the full and final payment and satisfaction of the
Liabilities.

ARTICLE 3

Representations and Warranties

     Section 3.1 By Guarantor. In order to induce the Lenders to accept this Guaranty
Agreement, Guarantor represents and warrants to the Lenders (which representations and warranties
will survive the creation of the Liabilities and any extension of credit thereunder) that:

     (a) Benefit to Guarantor. Guarantor’s guaranty pursuant to this
Guaranty Agreement reasonably may be expected to benefit, directly or indirectly,
Guarantor.

     (b) Existence. Enterprise Products Partners, L.P. is a limited
partnership, and Borrower is a limited liability company, duly organized and legally
existing under the laws of the jurisdiction of its organization and is duly
qualified in all jurisdictions wherein the property owned or the business transacted
by it makes such qualification necessary, except where the failure to be so
qualified could reasonably be expected to have a Material Adverse Effect.

     (c) Power and Authorization. Guarantor is duly authorized and
empowered to execute, deliver and perform this Guaranty Agreement and all action on
Guarantor’s part requisite for the due execution, delivery and performance of this
Guaranty Agreement has been duly and effectively taken.

     (d) Binding Obligations. This Guaranty Agreement constitutes a valid
and binding obligation of Guarantor, enforceable in accordance with its terms
(except that enforcement may be subject to any applicable bankruptcy, insolvency or
similar laws generally affecting the enforcement of creditors’ rights).

6

 

     (e) No Legal Bar. This Guaranty Agreement will not violate any
provisions of Guarantor’s organizational documents or any contract, agreement, law,
regulation, order, injunction, judgment, decree or writ to which Guarantor is
subject.

     (f) No Consent. Guarantor’s execution, delivery and performance of
this Guaranty Agreement does not require the consent or approval of any other
Person, including without limitation any regulatory authority or governmental body
of the United States or any state thereof or any political subdivision of the United
States or any state thereof.

     (g) Solvency. The Guarantor hereby represents that (i) it is not
insolvent as of the date hereof and will not be rendered insolvent as a result of
this Guaranty Agreement, (ii) it is not engaged in business or a transaction, or
about to engage in a business or a transaction, for which any property or assets
remaining with such Guarantor is unreasonably small capital, and (iii) it does not
intend to incur, or believe it will incur, debts that will be beyond its ability to
pay as such debts mature.

     Section 3.2 No Representation by Lenders. Neither the Lenders nor any other Person
has made any representation, warranty or statement to the Guarantor in order to induce the
Guarantor to execute this Guaranty Agreement.

ARTICLE 4

Subordination of Indebtedness

     Section 4.1 Subordination of All Guarantor Claims. As used herein, the term
“Guarantor Claims” shall mean all debts and liabilities of Borrower and/or CEGP to
Guarantor, whether such debts and liabilities now exist or are hereafter incurred or arise, or
whether the obligation of Borrower and/or CEGP thereon be direct, contingent, primary, secondary,
several, joint and several, or otherwise, and irrespective of whether such debts or liabilities be
evidenced by note, contract, open account, or otherwise, and irrespective of the person or persons
in whose favor such debts or liabilities may, at their inception, have been, or may hereafter be
created, or the manner in which they have been or may hereafter be acquired by Guarantor. The
Guarantor Claims shall include without limitation all rights and claims of Guarantor against
Borrower and/or CEGP arising as a result of subrogation or otherwise as a result of Guarantor’s
payment of all or a portion of the Liabilities. Until the Liabilities shall be paid and satisfied
in full and Guarantor shall have performed all of its obligations hereunder, Guarantor shall not
receive or collect, directly or indirectly, from Borrower, CEGP or any other party any amount upon
the Guarantor Claims if an Event of Default exists at the time of such receipt or collection.

     Section 4.2 Claims in Bankruptcy. In the event of receivership, bankruptcy,
reorganization, arrangement, debtor’s relief, or other insolvency proceedings involving Borrower
and/or CEGP as debtor, the Lenders shall have the right to prove their claim in any proceeding, so
as to establish its rights hereunder and receive directly from the receiver, trustee or other court

7

 

custodian, dividends and payments which would otherwise be payable upon Guarantor Claims up to the
amount of the Liabilities. Guarantor hereby assigns such dividends and payments to the Lenders up
to the amount of the Liabilities. Should the Agent or any Lender receive, for application upon the
Liabilities, any such dividend or payment which is otherwise payable to Guarantor, and which, as
between Borrower and/or CEGP and Guarantor, shall constitute a credit upon the Guarantor Claims,
then upon payment in full of the Liabilities, Guarantor shall become subrogated to the rights of
the Lenders to the extent that such payments to the Lenders on the Guarantor Claims have
contributed toward the liquidation of the Liabilities, and such subrogation shall be with respect
to that proportion of the Liabilities which would have been unpaid if the Agent or a Lender had not
received dividends or payments upon the Guarantor Claims.

     Section 4.3 Payments Held in Trust. In the event that notwithstanding Sections 4.1
and 4.2 above, Guarantor should receive any funds, payments, claims or distributions which is
prohibited by such Sections, Guarantor agrees to hold in trust for the Lenders an amount equal to
the amount of all funds, payments, claims or distributions so received, and agrees that it shall
have absolutely no dominion over the amount of such funds, payments, claims or distributions except
to pay them promptly to the Agent, and Guarantor covenants promptly to pay the same to the Agent.

     Section 4.4 Liens Subordinate. Guarantor agrees that any liens, security interests,
judgment liens, charges or other encumbrances upon Borrower’s or CEGP’s assets securing payment of
the Guarantor Claims shall be and remain inferior and subordinate to any liens, security interests,
judgment liens, charges or other encumbrances upon Borrower’s or CEGP’s assets securing payment of
the Liabilities, regardless of whether such encumbrances in favor of Guarantor, the Agent or the
Lenders presently exist or are hereafter created or attach. Without the prior written consent of
the Lenders, Guarantor shall not (a) exercise or enforce any creditor’s right it may have against
the Borrower and/or CEGP, or (b) foreclose, repossess, sequester or otherwise take steps or
institute any action or proceeding (judicial or otherwise, including without limitation the
commencement of or joinder in any liquidation, bankruptcy, rearrangement, debtor’s relief or
insolvency proceeding) to enforce any lien, mortgages, deeds of trust, security interest,
collateral rights, judgments or other encumbrances on assets of Borrower or CEGP held by Guarantor.

     Section 4.5 Notation of Records. All promissory notes of the Borrower and/or CEGP
accepted by or held by Guarantor shall contain a specific written notice thereon that the
indebtedness evidenced thereby is subordinated under the terms of this Guaranty Agreement.

ARTICLE 5

Miscellaneous

     Section 5.1 Successors and Assigns. This Guaranty Agreement is and shall be in every
particular available to the respective successors and assigns of the Agent and the Lenders and is
and shall always be fully binding upon the legal representatives, heirs, successors and assigns of
Guarantor, notwithstanding that some or all of the monies, the repayment of which is

8

 

guaranteed by
this Guaranty Agreement, may be actually advanced after any bankruptcy, receivership,
reorganization, death, disability or other event affecting Guarantor.

     Section 5.2 Notices. Any notice or demand to Guarantor under or in connection with
this Guaranty Agreement may be given and shall conclusively be deemed and considered to have been
given and received in accordance with Section 9.01 of the Credit Agreement, addressed to Guarantor
at the address on the signature page hereof or at such other address provided by the Guarantor to
the Agent in writing.

     Section 5.3 Construction. This Guaranty Agreement is a contract made under and shall
be construed in accordance with and governed by the laws of the State of New York.

     Section 5.4 Invalidity. In the event that any one or more of the provisions contained
in this Guaranty Agreement shall, for any reason, be held
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision of this Guaranty Agreement.

     Section 5.5 Liability of General Partner and Manager. It is hereby understood and
agreed that neither Enterprise Products Holdings LLC, the general partner of the Guarantor, nor
Enterprise Products OLPGP, Inc., the manager of the Borrower, shall have any personal liability, as
general partner, manager or otherwise, for the payment of the Liabilities or any amount owing or to
be owing hereunder.

     Section 5.6 ENTIRE AGREEMENT. This Written Guaranty Agreement Embodies the
Entire Agreement and Understanding Between the Agent, The Lenders and the Guarantor and Supersedes
All Other Agreements and Understandings Between Such Parties Relating to the Subject Matter Hereof
and Thereof. This Written Guaranty Agreement Represents the Final Agreement Between the Parties
and May Not Be Contradicted by Evidence of Prior, Contemporaneous, or Subsequent Oral Agreements of
the Parties. There Are No Unwritten Oral Agreements Between the Parties.

     Section 5.7 Submission to Jurisdiction. The Guarantor hereby irrevocably and
unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the
Supreme Court of the State of New York sitting in New York County and of the United States District
Court of the Southern District of New York, and any appellate court from any thereof, in any action
or proceeding arising out of or relating to this Guaranty Agreement, or for recognition or
enforcement of any judgment, and the Guarantor hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such Federal court. The Guarantor agrees that a final
judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this
Guaranty Agreement shall affect any right that the Administrative Agent may otherwise have to bring
any action or proceeding relating to this Guaranty Agreement against the Guarantor or its
properties in the courts of any jurisdiction. The Guarantor hereby irrevocably and unconditionally
waives, to the fullest extent it may legally and effectively do so, any objection which it may now
or hereafter have to the laying of venue of any suit, action or

9

 

proceeding arising out of or
relating to this Guaranty Agreement in any court referred to above. The Guarantor hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to
the maintenance of such action or proceeding in any such court. The Guarantor irrevocably consents
to service of process in the manner provided for notices in Section 5.2 above. Nothing in this
Guaranty Agreement will affect the right of Administrative Agent or any Lender to serve process in
any other manner permitted by law.

     SECTION 5.8 WAIVER OF JURY TRIAL. THE GUARANTOR HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). THE GUARANTOR (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ADMINISTRATIVE AGENT, ANY LENDER OR ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND ADMINISTRATIVE
AGENT, BY ITS ACCEPTANCE HEREOF, HAVE BEEN INDUCED TO ENTER INTO OR ACCEPT THIS GUARANTY AGREEMENT
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     WITNESS THE EXECUTION HEREOF, as of the date first above written.

	 	 	 	 	 
	 	ENTERPRISE PRODUCTS PARTNERS L.P.,

a Delaware limited partnership

 	 
	 	By:  	Enterprise Products Holdings LLC, 
General Partner
 	 
	 	 	 
	 	By:  	     /s/ Bryan F. Bulawa
 	 
	 	 	Bryan F. Bulawa 	 
	 	 	Senior Vice President and Treasurer 	 
	 
	 	1100 Louisiana Street, 10th Floor

Houston, Texas 77002

 	 

Borrower hereby irrevocably and unconditionally guarantees in favor of the Agent for the benefit of
the Lenders the prompt payment of the Liabilities of CEGP when due, whether at maturity or
otherwise. The foregoing guaranty is made pursuant to, and shall be governed by, all terms and
conditions of this Guaranty Agreement, and Borrower, in addition to and not in replacement or
substitution of Enterprise Products Partners L.P., shall be deemed to be a “Guarantor” hereunder
with respect to all such guaranteed Liabilities of CEGP for all purposes, and Borrower hereby
agrees to be bound by the terms hereof with respect thereto in all respects and for all intents and
purposes hereof.

10

 

	 	 	 	 	 
	 	ENTERPRISE PRODUCTS OPERATING LLC,

a Texas limited liability company

 	 
	 	By:  	Enterprise Products OLPGP, Inc., its Manager
 	 
	 	 	 
	 	By:  	     /s/ Bryan F. Bulawa
 	 
	 	 	Bryan F. Bulawa 	 
	 	 	Senior Vice President and Treasurer 	 
	 
	 	1100 Louisiana Street, 10th Floor

Houston, Texas 77002

 	 

11

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