Document:

trgp-ex1010_265.htm

Exhibit 10.10

 

SUPPLEMENTAL INDENTURE

 

 

Supplemental Indenture (this “Supplemental Indenture”), dated as of July 24, 2018, among the parties identified under the caption “Guaranteeing Subsidiaries” on the signature page hereto (the “Guaranteeing Subsidiaries”), Targa Resources Partners LP, a Delaware limited partnership (“Targa Resources Partners”), and Targa Resources Partners Finance Corporation (together with Targa Resources Partners, the “Issuers”), the other Guarantors (as defined in the Indenture referred to herein) and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of April 12, 2018 providing for the issuance of 5 7/8% Senior Notes due 2026 (the “Notes”);

 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and

 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

2. Agreement to Guarantee. The Guaranteeing Subsidiaries hereby agree to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Indenture including but not limited to Article 10 thereof.

 

3. No Recourse Against Others. No past, present or future director, officer, employee, incorporator, stockholder or agent of any Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Issuers or such Guaranteeing Subsidiary under the Notes, any Note Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities 

 

 

under the federal securities laws and it is the view of the SEC that such a waiver is against public policy.

 

4. NEW YORK LAW TO GOVERN. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE.

 

5. Counterparts. The Parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

6. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.

7. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Issuers.

 

 

Signature pages follow.

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed and attested, all as of the date first above written.

 

GUARANTEEING SUBSIDIARIES

 

targa channelview llc

TARGA DELAWARE LLC

TARGA MIDLAND LLC

TARGA SOUTHERN DELAWARE LLC

VERSADO GAS PROCESSORS, L.L.C.

 

 

 

 

By:  /s/ Jennifer R. Kneale

Name: Jennifer R. Kneale

	
 
	
Title: 
	
Chief Financial Officer

Signature Page to Supplemental Indenture (April 12, 2018 Indenture)

 

ISSUERS

 

TARGA RESOURCES PARTNERS LP

By: Targa Resources GP LLC, its general partner

 

 

By:  /s/ Jennifer R. Kneale

Name: Jennifer R. Kneale

	
 
	
Title: 
	
Chief Financial Officer

 

 

TARGA RESOURCES PARTNERS FINANCE CORPORATION

 

 

By:  /s/ Jennifer R. Kneale

Name: Jennifer R. Kneale

	
 
	
Title: 
	
Chief Financial Officer

 

Signature Page to Supplemental Indenture (April 12, 2018 Indenture)

 

TRUSTEE

 

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 

 

By:  /s/ Alejandro Hoyos

Authorized Signatory

 

Signature Page to Supplemental Indenture (April 12, 2018 Indenture)Exhibit

             EXHIBIT 10.9

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

This First Amendment to Employment Agreement (this “Amendment”) is made and entered into effective as of June 1, 2018, by and among BlueLinx Corporation (the “Company”) and Susan C. O’Farrell (“Executive”, and collectively with the Company, the “Parties”).

WHEREAS, the Company, BlueLinx Holdings Inc. (with respect to Sections 3(a), 3(b), and 3(e)) and Executive are parties to that certain Employment Agreement dated as of May 5, 2014 (the “Agreement”);

WHEREAS, Section 18 of the Agreement provides that it may be amended by written consent of the Company and Executive; and

WHEREAS, the Company and Executive desire to amend the Agreement by adding a new subpart (i) to Section 7 thereof;

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

1.    Amendment to Section 7.  Section 7 of the Agreement is hereby amended by adding the following as new subpart (i) thereof:

(i)    Non-Solicitation of Vendors.  Executive understands and agrees that the relationship between the Company Group and each of its vendors constitutes a valuable asset of the Company Group and may not be converted to Executive’s own use.  Executive hereby agrees that, during his employment with the Company and for a period of one (1) year following the termination of the Executive’s employment for any reason, the Executive shall not, directly or indirectly, on Executive’s own behalf or as a Principal or Representative of any other Person, solicit, divert, take away, or attempt to solicit, divert, or take away or induce, any existing or prospective vendor of any member of the Company Group to reduce, terminate or otherwise negatively alter its relationship with any member of the Company Group.

2.    No Other Amendments.  All terms and provisions of the Agreement not amended hereby shall remain in full force and effect, and from and after the date of this Amendment, all references to the term “Agreement” in this Amendment or the original Agreement shall include the terms contained herein.

3.    Counterparts.  This Amendment may be executed in separate counterparts, each of which is to be deemed to be an original and all of which taken together are to constitute one and the same agreement.

[Signatures on following page]

IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of the date first set forth above.

BLUELINX CORPORATION

By:  /s/ Mitchell B. Lewis        
Mitchell B. Lewis
President and Chief Executive Officer

EXECUTIVE

  /s/ Susan C. O’Farrell            
Susan C. O’FarrellExhibit

Exhibit 10.10

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

This First Amendment to Employment Agreement (this “Amendment”) is made and entered into effective as of June 8, 2018, by and among BlueLinx Corporation (the “Company”) and Shyam K. Reddy (“Executive”, and collectively with the Company, the “Parties”).

WHEREAS, the Company, BlueLinx Holdings Inc. (with respect to Sections 3(a) and 3(e)) and Executive are parties to that certain Employment Agreement dated as of May 3, 2017 (the “Agreement”);

WHEREAS, Section 18 of the Agreement provides that it may be amended by written consent of the Company and Executive; and

WHEREAS, the Company and Executive desire to amend the Agreement by adding a new subpart (i) to Section 8 thereof;

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

1.    Amendment to Section 8.  Section 8 of the Agreement is hereby amended by adding the following as new subpart (i) thereof:

(i)    Non-Solicitation of Vendors.  Executive understands and agrees that the relationship between the Company Group and each of its vendors constitutes a valuable asset of the Company Group and may not be converted to Executive’s own use.  Executive hereby agrees that, during his employment with the Company and for a period of one (1) year following the termination of the Executive’s employment for any reason, the Executive shall not, directly or indirectly, on Executive’s own behalf or as a Principal or Representative of any other Person, solicit, divert, take away, or attempt to solicit, divert, or take away or induce, any existing or prospective vendor of any member of the Company Group to reduce, terminate or otherwise negatively alter its relationship with any member of the Company Group.

2.    No Other Amendments.  All terms and provisions of the Agreement not amended hereby shall remain in full force and effect, and from and after the date of this Amendment, all references to the term “Agreement” in this Amendment or the original Agreement shall include the terms contained herein.

3.    Counterparts.  This Amendment may be executed in separate counterparts, each of which is to be deemed to be an original and all of which taken together are to constitute one and the same agreement.

[Signatures on following page]

IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of the date first set forth above.

BLUELINX CORPORATION

By:  /s/ Mitchell B. Lewis        
Mitchell B. Lewis
President and Chief Executive Officer

EXECUTIVE

  /s/ Shyam K. Reddy            
Shyam K. Reddy

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