Document:

EX-10.1

 Exhibit 10.1 

Execution Copy 

TARGA PIPELINE PARTNERS LP, 

TARGA PIPELINE FINANCE CORPORATION, 

THE SUBSIDIARY GUARANTORS NAMED HEREIN, 

AND 
 U.S. BANK NATIONAL
ASSOCIATION, 
 as Trustee 
  

 
 THIRD
SUPPLEMENTAL INDENTURE 
 Dated as of April 24, 2015 

to 
 Indenture 

Dated as of September 28, 2012 

6 5/8% Senior Notes due 2020 

 THIS THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated
as of April 24, 2015, is by and among Targa Pipeline Partners LP (formerly known as Atlas Pipeline Partners, L.P.), a Delaware limited partnership (the “Partnership”), Targa Pipeline Finance Corporation (formerly known as Atlas
Pipeline Finance Corporation), a Delaware corporation (“Finance Co.” and, together with the Partnership, the “Issuers”), the Subsidiary Guarantors (as defined in the Indenture referred to herein) and U.S. Bank
National Association, a national banking association, as trustee (the “Trustee”). 
 WHEREAS, the Issuers, the Subsidiary
Guarantors and the Trustee have heretofore executed and delivered (i) the Indenture, dated as of September 28, 2012 (the “Original Indenture”), providing for the issuance of the Issuers’ 6 5/8% Senior Notes due 2020
(the “Notes”) from time to time in an unlimited aggregate principal amount, and (ii) the Supplemental Indentures to the Original Indenture, dated as of December 20, 2012 and January 2, 2015, respectively (the Original
Indenture, as amended and supplemented by such Supplemental Indentures, being herein called the “Indenture”); 
 WHEREAS,
$355,112,000 in aggregate principal amount of Notes is currently outstanding; 
 WHEREAS, Section 9.02 of the Indenture provides that,
with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes, the Issuers, the Subsidiary Guarantors and the Trustee may enter into an indenture supplemental to the Indenture for the purpose of amending
or supplementing the Indenture or the Notes (subject to certain exceptions); 
 WHEREAS, the execution and delivery of this Supplemental
Indenture have been authorized by the Board of Directors of the General Partner of the Partnership and the respective Boards of Directors of Finance Corp. and the Subsidiary Guarantors; 

WHEREAS, the Issuers have requested the Trustee to join with them and the Subsidiary Guarantors in entering into this Supplemental Indenture
for the purpose of amending the Indenture and the Notes in certain respects as permitted by Section 9.02 of the Indenture; 
 WHEREAS,
in conjunction with the offer by Targa Resources Partners LP and Targa Resources Partners Finance Corporation (collectively, “Targa”) to exchange their 6 5/8% Senior Notes due 2020 for the Notes, Targa has been soliciting consents,
on behalf of the Issuers, to the amendments to the Indenture to be effected by this Supplemental Indenture upon the terms and subject to the conditions set forth in Targa’s Offer to Exchange dated April 13, 2015 and the related Consent and
Letter of Transmittal (which together, including any amendments, modifications or supplements thereto, constitute the “Exchange Offer”); and 

WHEREAS, (1) the consent of the Holders of a majority in principal amount of the outstanding Notes to such amendments have been received,
all as certified by an Officers’ Certificate delivered to the Trustee simultaneously with the execution and delivery of this Supplemental Indenture, (2) the Issuers have delivered to the Trustee simultaneously with the execution and
delivery of this Supplemental Indenture an Opinion of Counsel relating to this Supplemental Indenture as contemplated by Section 10.06 of the Indenture and (3) the Issuers and the Subsidiary Guarantors have satisfied all other conditions
required under Article 9 of the Indenture to enable the Issuers, the Subsidiary Guarantors and the Trustee to enter into this Supplemental Indenture. 

NOW, THEREFORE, in consideration of the above premises, each party hereby agrees, for the benefit of the others and for the equal and ratable
benefit of the Holders of the Notes, as follows: 
 ARTICLE I 

AMENDMENTS TO INDENTURE AND NOTES 

Section 1.1 Amendments to Articles 3, 4, 5 and 6 of the Indenture. The Indenture is hereby amended by deleting the
following Sections, paragraphs or clauses of the Indenture and all references and definitions related thereto in their entirety: 
  

	 	•	 	Section 3.09 (Offer to Purchase by Application of Net Proceeds) 

  
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	 	•	 	Section 4.03 (Compliance Certificate) 

  

	 	•	 	Section 4.04 (Taxes) 

  

	 	•	 	Section 4.05 (Stay, Extension and Usury Laws) 

  

	 	•	 	Section 4.06 (Change of Control) 

  

	 	•	 	Section 4.07 (Asset Sales) 

  

	 	•	 	Section 4.08 (Restricted Payments) 

  

	 	•	 	Section 4.09 (Incurrence of Indebtedness and Issuance of Disqualified Equity) 

  

	 	•	 	Section 4.10 (Liens) 

  

	 	•	 	Section 4.11 (Dividend and Other Payment Restrictions Affecting Subsidiaries) 

  

	 	•	 	Section 4.12 (Transactions with Affiliates) 

  

	 	•	 	Section 4.13 (Additional Subsidiary Guarantees) 

  

	 	•	 	Section 4.14 (Designation of Restricted and Unrestricted Subsidiaries) 

  

	 	•	 	Section 4.15 (Business Activities) 

  

	 	•	 	Section 4.16 (Sale and Lease-back Transactions) 

  

	 	•	 	Section 4.17 (Payments for Consent) 

  

	 	•	 	Section 4.18 (Reports) 

  

	 	•	 	Section 4.19 (Layering Indebtedness) 

  

	 	•	 	Sections 5.01(a)(iii)-(iv) and 5.01(b)(iv) (Merger, Consolidation, or Sale of Assets) 

  

	 	•	 	Section 6.01(c), (e) and (f) (Events of Default) 

 For the avoidance of doubt,
any obligation imposed upon the Issuers and the Subsidiary Guarantors by the Trust Indenture Act of 1939, as amended, shall not be affected by the preceding provisions of this Section 1.1. 

Section 1.2 Amendments to Notes. The Notes are hereby amended to delete all provisions inconsistent with the amendments to
the Indenture effected by this Supplemental Indenture. 
 ARTICLE II 

MISCELLANEOUS PROVISIONS 

Section 2.1 Defined Terms. For all purposes of this Supplemental Indenture, except as otherwise defined or unless the
context otherwise requires, terms used in capitalized form in this Supplemental Indenture and defined in the Indenture have the meanings specified in the Indenture. 

Section 2.2 Indenture. Except as amended hereby, the Indenture and the Notes are in all respects ratified and confirmed and
all the terms shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound
hereby and all terms and conditions of both shall be read together as though they constitute a single instrument, except that in the case of conflict the provisions of this Supplemental Indenture shall control. This Supplemental Indenture relates
solely to the Notes and shall not apply to any other series of Securities that may be outstanding under the Original Indenture as amended and supplemented. 

  
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 Section 2.3 Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Section 2.4 Successors. All agreements of the
Issuers and the Subsidiary Guarantors in this Supplemental Indenture and the Notes shall bind their respective successors. All agreements of the Trustee in this Supplemental Indenture shall bind its successors. 

Section 2.5 Duplicate Originals. All parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together shall represent the same agreement. It is the express intent of the parties to be bound by the exchange of signatures on this Supplemental Indenture via telecopy or other form of electronic
transmission. 
 Section 2.6 Severability. In case any one or more of the provisions in this Supplemental Indenture or in
the Notes shall be held invalid, illegal or unenforceable, in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or
impaired thereby, it being intended that all of the provisions hereof shall be enforceable to the fullest extent permitted by law. 

Section 2.7 Trustee Disclaimer. The Trustee accepts the amendments of the Indenture effected by this Supplemental Indenture
and agrees to execute the trust created by the Indenture as hereby amended, but on the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee,
which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the Indenture as hereby amended, and without limiting the generality of the foregoing, the Trustee shall
not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Issuers and the Subsidiary Guarantors, and the Trustee makes no
representation with respect to any such matters. Additionally, the Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 

Section 2.8 Effectiveness. This Supplemental Indenture shall be effective only upon execution and delivery of this
instrument by the parties hereto. Notwithstanding the foregoing sentence or anything else herein to the contrary, the amendments to the Indenture and the Notes effected by this Supplemental Indenture shall become operative only upon the payment by
Targa, pursuant to the Exchange Offer, of the full amount of the Early Exchange Consideration or Late Exchange Consideration, as applicable, on the Settlement Date (as such terms are defined in the Exchange Offer as in effect on the date hereof) in
relation to all Notes accepted for exchange by Targa, with the result that the amendments to the Indenture and the Notes effected by this Supplemental Indenture shall be deemed to be revoked retroactive to the date hereof if such payment shall not
occur on the Settlement Date. Targa shall notify the Trustee promptly after the occurrence of such payment or promptly after Targa shall determine that such payment will not occur. 

Section 2.9 Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction
thereof. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

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

							
	TARGA PIPELINE PARTNERS LP
		
	By:		Targa Pipeline Partners GP LLC, its General Partner
			
			By:		 /s/ Robert W. Karlovich, III

			Name:		Robert W. Karlovich, III
			Title:		Chief Financial Officer and Chief Accounting Officer
	
	TARGA PIPELINE FINANCE CORPORATION
		
	By:		 /s/ Robert W. Karlovich, III

	Name:		Robert W. Karlovich, III
	Title:		Chief Financial Officer
	
	TARGA PIPELINE OPERATING PARTNERSHIP LP
		
	By:		Targa Pipeline Partners GP LLC, its General Partner
			
			By:		 /s/ Robert W. Karlovich, III

			Name:		Robert W. Karlovich, III
			Title:		Chief Financial Officer
	
	TARGA PIPELINE MID-CONTINENT HOLDINGS LLC
	TPL LAUREL MOUNTAIN LLC
		
	By: 		Targa Pipeline Operating Partnership LP, its sole member
			
			By: 		Targa Pipeline Partners GP LLC, its General Partner
				
					By:		 /s/ Robert W. Karlovich, III

					Name: 		Robert W. Karlovich, III
					Title:		Chief Financial Officer

  
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	TARGA MIDKIFF LLC
	TARGA CHANEY DELL LLC
	SLIDER WESTOK GATHERING, LLC
	NOARK ENERGY SERVICES, L.L.C.
	TARGA PIPELINE MID-CONTINENT LLC
	TPL BARNETT LLC
	TPL ARKOMA HOLDINGS LLC
	TPL GAS TREATING LLC
	TPL SOUTHTEX MIDSTREAM LLC
		
	By: 		Targa Pipeline Mid-Continent Holdings LLC, its sole member
			
			By: 		Targa Pipeline Operating Partnership LP, its sole member
				
					By:		Targa Pipeline Partners GP LLC, its General Partner
					
							By:		 /s/ Robert W. Karlovich, III

							Name:		Robert W. Karlovich, III
							Title:		Chief Financial Officer
	
	VELMA INTRASTATE GAS TRANSMISSION COMPANY, LLC
	VELMA GAS PROCESSING COMPANY, LLC
		
	By: 		Targa Pipeline Mid-Continent LLC, its sole member
			
			By: 		Targa Pipeline Mid-Continent Holdings LLC, its sole member
				
					By:		Targa Pipeline Operating Partnership LP, its sole member
				
					By:		Targa Pipeline Partners GP LLC, its General Partner
					
							By:		 /s/ Robert W. Karlovich, III

							Name:		Robert W. Karlovich, III
							Title:		Chief Financial Officer

  
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	PECOS PIPELINE LLC
	TESUQUE PIPELINE, LLC
		
	By: 		TPL Barnett LLC, its sole member
			
			By: 		Targa Pipeline Mid-Continent Holdings LLC, its sole member
				
					By: 		Targa Pipeline Operating Partnership LP, its sole member
				
					By:		Targa Pipeline Partners GP LLC, its General Partner
					
							By:		 /s/ Robert W. Karlovich, III

							Name: 		Robert W. Karlovich, III
							Title:		Chief Financial Officer
	
	TPL ARKOMA MIDSTREAM LLC
		
	By:		TPL Arkoma Holdings LLC
			
			By:		Targa Pipeline Mid-Continent Holdings LLC, its sole member
				
					By:		Targa Pipeline Operating Partnership LP, its sole member
				
					By:		Targa Pipeline Partners GP LLC, its General Partner
					
							By:		 /s/ Robert W. Karlovich, III

							Name:		Robert W. Karlovich, III
							Title:		Chief Financial Officer
	
	TPL SOUTHTEX PIPELINE COMPANY LLC
		
	By:		TPL SouthTex Midstream LLC, its sole member
			
			By:		Targa Pipeline Mid-Continent Holdings LLC, its sole member
				
					By:		Targa Pipeline Operating Partnership LP, its sole member
				
					By:		Targa Pipeline Partners GP LLC, its general partner
					
							By:		 /s/ Robert W. Karlovich, III

							Name:		Robert W. Karlovich, III
							Title:		Chief Financial Officer

  
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	TPL SOUTHTEX MIDSTREAM HOLDING COMPANY LP
	TPL SOUTHTEX GAS UTILITY COMPANY LP
	TARGA SOUTHTEX MIDSTREAM COMPANY LP
	TPL SOUTHTEX TRANSMISSION COMPANY LP
	TPL SOUTHTEX PROCESSING COMPANY LP
		
	By:		TPL SouthTex Pipeline Company LLC, its sole general partner
			
			By: 		TPL SouthTex Midstream LLC, its sole member
				
					By: 		Targa Pipeline Mid-Continent Holdings LLC, its sole member
				
					By:		Targa Pipeline Operating Partnership LP, its sole member
				
					By:		Targa Pipeline Partners GP LLC, its general partner
					
							By:		 /s/ Robert W. Karlovich, III

							Name: 		Robert W. Karlovich, III
							Title:		Chief Financial Officer
	
	TPL ARKOMA INC.
		
	By:		 /s/ Robert W. Karlovich, III

	Name:		Robert W. Karlovich, III
	Title:		Chief Financial Officer & Vice President
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:		 /s/ Shazia Flores

	Name:		Shazia Flores
	Title:		Assistant Vice President

  
 8Exhibit 4.2

 

 

AMENDMENT NO. 1 TO RIGHTS AGREEMENT

 

This Amendment No. 1 to Rights Agreement (this “Amendment”) is dated as of May 7, 2015 (the “Effective Date”) and amends the Rights Agreement, dated as of March 17, 2015 (the “Rights Agreement”), by and between The Macerich Company, a Maryland corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company, as rights agent (the “Rights Agent”). Capitalized terms used in this Amendment and not otherwise defined have the meaning given to them in the Rights Agreement.

 

 

RECITALS

 

WHEREAS, in accordance with Section 27 of the Rights Agreement, the Company may, and the Rights Agent shall if the Company so directs, amend the Rights Agreement without the approval of any holders of Rights to make any change to or delete any provision thereof or to adopt any other provisions with respect to the Rights which the Company may deem necessary or desirable; and

 

WHEREAS, the Company deems it desirable to, and directs the Rights Agent to, enter into this Amendment.

 

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein, the parties hereby agree as follows:

 

1. Amendment of the Rights Agreement. Section 1.28 of the Rights Agreement is hereby amended and restated in its entirety as follows:

 

“Final Expiration Date” means May 7, 2015.

 

2. Amendment of Exhibits. The exhibits to the Rights Agreement shall be deemed to be restated to reflect this Amendment, including all conforming changes.

 

3. Other Amendment; Effect of Amendment. Except as and to the extent expressly modified by this Amendment, the Rights Agreement and the exhibits thereto remain in full force and effect in all respects without any modification. This Amendment will be deemed an amendment to the Rights Agreement and will become effective on the Effective Date. In the event of a conflict or inconsistency between this Amendment and the Rights Agreement and the exhibits thereto, the provisions of this Amendment will govern.

 

4. Counterparts. This Amendment may be executed in any number of counterparts, and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.  A signature to this 

 

 

Amendment transmitted electronically shall have the same authority, effect and enforceability as an original signature.

 

5. Severability. If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment will remain in full force and effect and will in no way be affected, impaired or invalidated.

 

6. Descriptive Headings. Descriptive headings of the sections of this Amendment are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof.

 

7. Further Assurances. Each of the parties to this Amendment will cooperate and take such action as may be reasonably requested by the other party in order to carry out the provisions and purposes of this Amendment, the Rights Agreement and the transactions contemplated hereunder and thereunder.

 

8. Governing Law. This Amendment shall be deemed to be a contract made under the laws of the state of Maryland and for all purposes shall be governed by and construed in accordance with the laws of such state applicable to contracts to be made and performed entirely within such state, except that the rights, duties and obligations of the Rights Agent shall be governed by and construed in accordance with the laws of the state of New York.

 

 

[Signature Page Follows]

 

2

 

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

 

 

	
 
    	
The Macerich Company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Thomas J. Leanse
    
	
 
    	
 
    	
Name: Thomas J. Leanse
    
	
 
    	
 
    	
Title:  Senior Executive Vice President,
    
	
 
    	
 
    	
Chief   Legal Officer and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Computershare Trust   Company, N.A, as Rights Agent
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Dennis Moccia
    
	
 
    	
 
    	
Name: Dennis Moccia
    
	
 
    	
 
    	
Title: Manager of   Contract Administration
    

 

 

[Signature Page to Amendment No. 1 to Rights Agreement]

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