Document:

Consent of Purchasers pursuant to Fourth Amended and Restated Purchase Agreement

    
      	
              John
                Hancock Financial Services, Inc.

            

    

    Bond
      and
      Corporate Finance Group

    Food
      and
      Commodity Team

    

    
      	
              128
                South Tryon Street

              Suite
                880

              Charlotte,
                NC 28202

              (704)
                377-2653

              Fax:
                (704) 377-8545

              E-mail:
                kwarlick@jhancock.com

              Website:http://food.jhancock.com

            	 
	
              Kenneth
                L. Warlick

              Managing
                Director

            

    

     

    September
      22, 2006

    

    Mr.
      Rick
      Cogdill

    Chief
      Financial Officer

    Pilgrim's
      Pride Corporation

    4845
      US
      Hwy 271 North

    Pittsburg,
      TX 75686

    

    RE
      - Gold
      Kist Consent Agreement

    

    Mr.
      Cogdill:

    

    Please
      refer to the Fourth Amended and Restated Note Purchase Agreement dated November
      18, 2003 (as amended, the "Note
      Purchase Agreement")
      by and
      among Pilgrim's Pride Corporation (the "Company"),
      John
      Hancock Life Insurance Company, ING Capital LLC and the other Purchasers named
      therein (the "Purchasers").
      All
      capitalized terms used herein without definition shall have the same meaning
      as
      set forth in the Note Purchase Agreement.

     

    As
      discussed, the Company proposes to acquire Gold Kist, Inc. (the "Target")
      as
      contemplated in this letter (the "Acquisition
      Transaction").
      The
      Company currently contemplates that the Acquisition Transaction may be effected
      by a merger or other consolidation of the Target with or into Company, a merger
      or other consolidation of one of Company's subsidiaries with or into Target
      or
      by means of a friendly or hostile tender offer pursuant to which Company
      directly or indirectly acquires a majority of the outstanding capital stock
      of
      the Target followed by a merger or consolidation. The consideration therefore
      may be cash or a combination of cash and stock.

     

    The
      Company intends to finance the cash portion of the purchase price for the
      Target, in whole or in part, through the incurrence of borrowed money. Such
      financing may be consummated through an amendment to and the increase of the
      commitments or borrowings under existing credit facilities of the Company,
      the
      issuance or assumption of other senior or subordinated indebtedness or
      otherwise, which financing may be unsecured and/or secured by the assets of
      the
      Company (other than the Collateral) and the Target (the "Acquisition
      Financing").

     

    In
      order
      to permit the Company to consummate the Acquisition Transaction, the Acquisition
      Financing and the transactions contemplated thereby, the Company is requesting
      the Purchasers to consent and agree to the matters described below. Subject
      to
      the terms and provisions of this letter, the Purchasers hereby:

     

    	1.  	
            Consent
              to the consummation of the Acquisition Transaction and waive any Potential
              Event of Default or Event of Default under Sections 10.7, 10.10 and
              10.12
              of the Note Purchase Agreement that may result
              therefrom.

          

     

    	2.  	
            Consent
              to the incurrence or assumption of Debt of Target (or its successor),
              including Debt evidenced by the Senior Notes, Subordinated
              Capital Certificates and term loans
              and agree that the Company shall not be required to provide any guaranty
              under Section 10.11 of the Note Purchase Agreement or otherwise so
              long as
              the Company has not caused the Company's 9 5/8% Senior Notes due 2011
              and
              the Company's 9 1/4% Senior Subordinated Notes due 2013 to be guaranteed
              by the Target (or its successor).

          

     

    	3.  	
            Consent
              to the Acquisition Financing, provided that in the event that the Hancock
              Purchasers determine to participate in such Acquisition Financing pursuant
              to the 2006 Amended and Restated Credit Agreement dated as of
              September 21, 2006 (the "Credit
              Agreement")
              by and between CoBank, ACB, the other parties named therein and the
              Company (the "Acquisition
              Financing Facility"),
              such participation shall be subject to the following additional
              terms:

          

     

    	(a)  	
            The
              Hancock Purchasers will be entitled to participate in the Acquisition
              Financing Facility in the aggregate amount of $100 million (the
              "Hancock
              Participation"),
              which participation will be in the form of a Term Loan (as provided
              in the
              Credit Agreement), to be funded in full on the initial Term Loan Advance
              Date (as defined in the Credit Agreement). The Hancock Participation
              will
              consist of a refinancing of the debt outstanding under the Notes with
              the
              balance in the form of new advances. The entire Hancock Participation
              will
              be at a fixed rate of interest as provided in the Credit Agreement.
              The
              amortization of the Hancock Participation will be as set forth in the
              Credit Agreement. 

          

     

    	(b)  	
            The
              Company will pay to the Hancock Purchasers the following fees concurrent
              with the initial funding of the Term Loan by the Hancock
              Purchasers:

          

     

    	(i)  	
            with
              respect to the 2003 Series A Notes that are subject to the Series A
              Floating Rate, 1% of the then current balance of such Notes; provided,
              however, if for any reason less than $100 million of the Term Loan
              with
              the Hancock Purchasers is not funded on or before March 31, 2007, then
              the
              fee described in this clause (i) shall be increased to 2% of the 2003
              Series A Floating Rate Notes and such additional amount shall be due
              and
              payable on March 31, 2007; and

          

     

    	(ii)  	
            with
              respect to the Fixed Rate Notes, a fee (if positive) equal to the
              Make-Whole Premium calculated as of such date, provided that for purposes
              of calculating such Premium the Reinvestment Yield will be determined
              based on the Term Loan fixed rates under the Acquisition Financing
              Facility (the "Acquisition
              Facility Fixed Rate").
              Notwithstanding the foregoing, if the Acquisition Facility Fixed Rate
              is
              greater than or equal to 6.68%, the Make-Whole Premium on the Fixed
              Rate
              Notes will be waived.

          

     

    	4.  	
            Concurrent
              with the execution of this consent, ING's revolving commitment provided
              in
              Section 2.4 of the Note Purchase Agreement will be terminated, any
              amounts
              outstanding and any accrued commitment fees under such revolving
              commitment will be immediately repaid in full and ING shall not have
              any
              further obligations to make advances
              thereunder.

          

     

    	5.  	
            Concurrent
              with the initial funding of the Term Loan by the Hancock Purchasers,
              the
              Note Purchase Agreement will be
              terminated.

          

     

    	6.  	
            To
              the extent any Acquisition Financing is issued by an Unrestricted
              Subsidiary (as defined in the indentures related to the Company's 9
              5/8%
              Senior Unsecured Notes due 2011 and Company's 9 1/4% Senior Subordinated
              Notes due 2013), then notwithstanding anything contained in the Note
              Purchase Agreement to the contrary, no default with respect to any
              such
              Acquisition Financing (including any rights that the holders thereof
              may
              have to take enforcement action against the Subsidiary obligated in
              respect of such Acquisition Financing) would constitute a Potential
              Event
              of Default or Event of Default under the Note Purchase Agreement.
              

          

     

    	7.  	
            Current
              Liabilities and Funded Debt shall not include any indebtedness so long
              as
              the trustee or agent in respect of such indebtedness holds cash and
              cash
              equivalents sufficient to repay the principal balance of such
              indebtedness. 

          

     

    In
      addition, the Company may following the consummation of the Acquisition
      Transaction provide to the Purchasers such updates of the Exhibits and Schedules
      to the Note Purchase Agreement and such amendments
      to the representations, warranties, covenants (including dollar limitations
      and
      thresholds) and increases in dollar cross-default thresholds reasonably
      acceptable to the Purchasers, in each case to take
      into
      account the effect of the Acquisition Transaction. A default or event of default
      with respect to any representation, warranty or covenant in the Note Purchase
      Agreement will not arise with respect to any matter pertaining to the Target
      existing on the date of the consummation of the Acquisition Transaction if
      such
      matter was not a default or event of default with respect to any representation,
      warranty or covenant of Target under Target's credit facility pursuant to the
      Target's credit agreement dated December 16, 2005 and any amendments
      thereto.

     

    This
      consent shall be null and void if the Company has not acquired directly or
      indirectly by March 31, 2007 an aggregate number of shares of capital stock
      of the Target of at least 50% plus one share of the total outstanding capital
      stock of the Target. 

     

    The
      Company represents and warrants that no Event of Default or Potential Event
      of
      Default exists as of the date hereof.

     

    The
      Company shall pay on the date hereof all reasonable expenses incurred by the
      Purchasers in connection with the execution and delivery of this consent and
      the
      Credit Agreement, including fees and expenses of Special Counsel.

     

    This
      consent may be executed in one or more counterparts, each of which when so
      executed shall be deemed to be an original, but all of which when taken together
      shall constitute one and the same instrument. This consent shall be effective
      upon its execution by the Company and the Required Holders. 

     

    

    [signature
      pages to follow]

     

    
      
         

      

      
         

        
          

        

      

      
         

        September
          22, 2006

        Page
          

        

        

      

    

    Please
      indicate your agreement by executing a copy of this letter so indicated below
      and return same to the undersigned.

     

    * * *

    

    Very
      yours truly,

    

    PILGRIM'S
      PRIDE CORPORATION

    

    

    By:
      /s/
      Richard A. Cogdill

    Richard
      A. Cogdill

    Chief
      Financial Officer

    

    

    Accepted
      and Agreed to by:

    

    JOHN
      HANCOCK LIFE INSURANCE COMPANY

     

    

     

    By:
      /s/
      Kenneth L. Warlick

    Name:
      Kenneth L. Warlick

    Title:
      Managing Director

    

    

    JOHN
      HANCOCK VARIABLE LIFE INSURANCE COMPANY

     

    

     

    By:
      /s/
      Kenneth L. Warlick

    Name:
      Kenneth L. Warlick

    Title:
      Authorized Signatory

    

    

    MANULIFE
      INSURANCE COMPANY

     

    By:
      /s/
      Kenneth L. Warlick

    Name:
      Kenneth L. Warlick

    Title:
      Authorized Signatory

    

    ING
      CAPITAL LLC

    

    

    By:
      /s/
      William Redmond

    Name:
      William B. Redmond

    Title:
      Managing Director

    

    

    JOHN
      HANCOCK LIFE INSURANCE COMPANY, 

    not
      individually but in its capacity as Collateral Agent

    

    

    By:
      /s/
      Kenneth L. Warlick

    Name:
      Kenneth L. Warlick

    Title:
      Authorized SignatoryUnassociated Document

    
      

    

    CREDIT
      AGREEMENT

     

    dated
      as
      of

     

    November
      15, 2006

     

    among

     

    GENESIS
      CRUDE OIL, L.P.,

    as
      the
      Borrower

    

    GENESIS
      ENERGY, L.P.,

    as
      the
      Parent

    

    The
      Lenders Party Hereto,

     

    FORTIS
      CAPITAL CORP.,

    as
      Administrative Agent, 

     

    DEUTSCHE
      BANK SECURITIES INC.,

    as
      Syndication Agent,

     

    and

     

    BANK
      OF AMERICA, N.A.,

    U.S.
      BANK NATIONAL ASSOCIATION,
      and

    WACHOVIA
      BANK, NATIONAL ASSOCIATION,

    as
      Co-Documentation Agents

     

    
      

      

    

     

    $500
      MILLION SENIOR SECURED REVOLVING CREDIT FACILITY

     

     

    
      

      

    

     

    FORTIS
      CAPITAL CORP. AND DEUTSCHE BANK SECURITIES INC.,

    as
      Joint
      Lead Arrangers and Joint Bookrunners 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

    

    TABLE
      OF CONTENTS

     

    
      
        	 	 	
                Page

              
	
                 ARTICLE
                  I

              
	
                 DEFINITIONS

              
	 	 	 
	
                SECTION
                  1.01

              	
                Defined
                  Terms

              	
                1

              
	
                SECTION
                  1.02

              	
                Classification
                  of Loans and Borrowings

              	
                30

              
	
                SECTION
                  1.03

              	
                Terms
                  Generally

              	
                30

              
	
                SECTION
                  1.04

              	
                Accounting
                  Terms; GAAP

              	
                30

              
	 	 	 
	
                 ARTICLE
                  II

              
	
                 THE
                  CREDITS

              
	 	 	 
	
                SECTION
                  2.01

              	
                Commitments

              	
                30

              
	
                SECTION
                  2.02

              	
                Loans
                  and Borrowings.

              	
                31

              
	
                SECTION
                  2.03

              	
                Requests
                  for Revolving Borrowings

              	
                31

              
	
                SECTION
                  2.04

              	
                Borrowing
                  Base.

              	
                32

              
	
                SECTION
                  2.05

              	
                Committed
                  Amount.

              	
                33

              
	
                SECTION
                  2.06

              	
                Letters
                  of Credit.

              	
                36

              
	
                SECTION
                  2.07

              	
                Funding
                  of Borrowings.

              	
                40

              
	
                SECTION
                  2.08

              	
                Interest
                  Elections.

              	
                40

              
	
                SECTION
                  2.09

              	
                Termination
                  and Reduction of Committed Amounts and Maximum Amounts.

              	
                42

              
	
                SECTION
                  2.10

              	
                Repayment
                  of Loans; Evidence of Debt.

              	
                42

              
	
                SECTION
                  2.11

              	
                Prepayment
                  of Loans.

              	
                43

              
	
                SECTION
                  2.12

              	
                Fees.

              	
                43

              
	
                SECTION
                  2.13

              	
                Interest.

              	
                45

              
	
                SECTION
                  2.14

              	
                Alternate
                  Rate of Interest

              	
                46

              
	
                SECTION
                  2.15

              	
                Increased
                  Costs.

              	
                46

              
	
                SECTION
                  2.16

              	
                Break
                  Funding Payments

              	
                47

              
	
                SECTION
                  2.17

              	
                Taxes.

              	
                48

              
	
                SECTION
                  2.18

              	
                Payments
                  Generally; Pro Rata Treatment; Sharing of Set-offs.

              	
                49

              
	
                SECTION
                  2.19

              	
                Mitigation
                  Obligations; Replacement of Lenders.

              	
                50

              
	 	 	 
	
                 ARTICLE
                  III

              
	
                 REPRESENTATIONS
                  AND WARRANTIES

              
	 	 	 
	
                SECTION
                  3.01

              	
                Organization;
                  Powers

              	
                51

              
	
                SECTION
                  3.02

              	
                Authorization;
                  Enforceability

              	
                52

              
	
                SECTION
                  3.03

              	
                Governmental
                  Approvals; No Conflicts

              	
                52

              
	
                SECTION
                  3.04

              	
                Financial
                  Condition; No Material Adverse Change.

              	
                52

              
	
                SECTION
                  3.05

              	
                Other
                  Obligations and Restrictions

              	
                53

              
	
                SECTION
                  3.06

              	
                Properties.

              	
                53

              
	
                SECTION
                  3.07

              	
                Litigation.

              	
                54

              
	
                SECTION
                  3.08

              	
                Compliance
                  with Laws and Agreements

              	
                54

              
	
                SECTION
                  3.09

              	
                Default

              	
                55

              
	
                SECTION
                  3.10

              	
                Investment
                  Company Status

              	
                55

              
	
                SECTION
                  3.11

              	
                Taxes

              	
                55

              
	
                SECTION
                  3.12

              	
                ERISA

              	
                55

              

      

    

     

    
      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

    

     

    
      	
              SECTION
                3.13

            	
              Disclosure;
                No Material Misstatements

            	
              55

            
	
              SECTION
                3.14

            	
              Insurance

            	
              56

            
	
              SECTION
                3.15

            	
              Material
                Agreements

            	
              56

            
	
              SECTION
                3.16

            	
              Imbalances

            	
              57

            
	
              SECTION
                3.17

            	
              Solvency

            	
              57

            
	
              SECTION
                3.18

            	
              Labor
                Disputes and Acts of God

            	
              57

            
	
              SECTION
                3.19

            	
              Equity
                Interests and Subsidiaries

            	
              58

            
	
              SECTION
                3.20

            	
              Intellectual
                Property.

            	
              58

            
	
              SECTION
                3.21

            	
              Environmental
                Matters

            	
              59

            
	
              SECTION
                3.22

            	
              Reserved.

            	
              60

            
	
              SECTION
                3.23

            	
              Security
                Documents

            	
              60

            
	
              SECTION
                3.24

            	
              Anti-Terrorism
                Law.

            	
              61

            
	
              SECTION
                3.25

            	
              Federal
                Reserve Regulations

            	
              62

            
	
              SECTION
                3.26

            	
              Use
                of Proceeds

            	
              62

            
	 	 	 
	
               ARTICLE
                IV

            
	
               CONDITIONS

            
	 	 	 
	
              SECTION
                4.01

            	
              Effective
                Date

            	
              62

            
	
              SECTION
                4.02

            	
              Each
                Credit Event

            	
              65

            
	 	 	 
	
               ARTICLE
                V

            
	
               AFFIRMATIVE
                COVENANTS

            
	 	 	 
	
              SECTION
                5.01

            	
              Financial
                Statements; Ratings Change and Other Information

            	
              66

            
	
              SECTION
                5.02

            	
              Notices
                of Material Events

            	
              69

            
	
              SECTION
                5.03

            	
              Existence;
                Conduct of Business.

            	
              70

            
	
              SECTION
                5.04

            	
              Payment
                of Obligations and Taxes

            	
              71

            
	
              SECTION
                5.05

            	
              Material
                Agreements

            	
              71

            
	
              SECTION
                5.06

            	
              Books
                and Records; Inspection Rights

            	
              71

            
	
              SECTION
                5.07

            	
              Compliance
                with Laws

            	
              72

            
	
              SECTION
                5.08

            	
              Use
                of Proceeds and Letters of Credit

            	
              72

            
	
              SECTION
                5.09

            	
              Environmental
                Laws.

            	
              72

            
	
              SECTION
                5.10

            	
              Additional
                Collateral; Additional Guarantors.

            	
              73

            
	
              SECTION
                5.11

            	
              Security
                Interests; Further Assurances

            	
              75

            
	
              SECTION
                5.12

            	
              Insurance.

            	
              75

            
	
              SECTION
                5.13

            	
              Agreements
                Respecting Unrestricted Subsidiaries.

            	
              76

            
	
              SECTION
                5.14

            	
              Post-Effective
                Date Items

            	
              77

            
	 	 	 
	
               ARTICLE
                VI

            
	
               NEGATIVE
                COVENANTS

            
	 	 	 
	
              SECTION
                6.01

            	
              Indebtedness

            	
              77

            
	
              SECTION
                6.02

            	
              Liens

            	
              78

            
	
              SECTION
                6.03

            	
              Fundamental
                Changes; Limitations on Business; Limited Purpose of the
                Parent.

            	
              79

            
	
              SECTION
                6.04

            	
              Investments,
                Loans, Advances, and Guarantees

            	
              80

            
	
              SECTION
                6.05

            	
              Acquisitions

            	
              82

            
	
              SECTION
                6.06

            	
              Sale
                of Assets

            	
              82

            
	
              SECTION
                6.07

            	
              Hedging
                Agreements

            	
              82

            

    

     

    
      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

    

     

    
      	
              SECTION
                6.08

            	
              Restricted
                Payments

            	
              83

            
	
              SECTION
                6.09

            	
              Transactions
                with Affiliates

            	
              83

            
	
              SECTION
                6.10

            	
              Restrictive
                Agreements

            	
              83

            
	
              SECTION
                6.11

            	
              Limitation
                on Modifications of Material Agreements

            	
              83

            
	
              SECTION
                6.12

            	
              Creation
                of Subsidiaries

            	
              84

            
	
              SECTION
                6.13

            	
              Limitation
                on Leases

            	
              84

            
	
              SECTION
                6.14

            	
              Sale
                and Leasebacks

            	
              84

            
	
              SECTION
                6.15

            	
              Financial
                Condition Covenants.

            	
              84

            
	
              SECTION
                6.16

            	
              Gas
                Imbalances

            	
              85

            
	
              SECTION
                6.17

            	
              Accounting
                Changes; Fiscal Year

            	
              85

            
	
              SECTION
                6.18

            	
              Control
                Agreements

            	
              85

            
	
              SECTION
                6.19

            	
              Prepayments
                on Indebtedness

            	
              85

            
	
              SECTION
                6.20

            	
              Limitation
                on Issuance of Capital Stock

            	
              85

            
	
              SECTION
                6.21

            	
              Anti-Terrorism
                Law; Anti-Money Laundering.

            	
              85

            
	
              SECTION
                6.22

            	
              Embargoed
                Person

            	
              86

            
	
              SECTION
                6.23

            	
              Excess
                Cash

            	
              86

            
	 	 	 
	
               ARTICLE
                VII

            
	
               EVENTS
                OF DEFAULT

            
	 	 	 
	
              SECTION
                7.01

            	
              Events
                of Default

            	
              87

            
	
              SECTION
                7.02

            	
              Application
                of Proceeds

            	
              90

            
	 	 	 
	
               ARTICLE
                VIII

            
	
               PARENT
                GUARANTEE

            
	 	 	 
	
              SECTION
                8.01

            	
              Parent
                Guarantee.

            	
              91

            
	
              SECTION
                8.02

            	
              Subrogation

            	
              91

            
	
              SECTION
                8.03

            	
              Amendments,
                etc. with respect to the Secured Obligations

            	
              92

            
	
              SECTION
                8.04

            	
              Guarantee
                Absolute and Unconditional

            	
              92

            
	
              SECTION
                8.05

            	
              Reinstatement

            	
              93

            
	
              SECTION
                8.06

            	
              Payments

            	
              93

            
	 	 	 
	
               ARTICLE
                IX

            
	
               THE
                ADMINISTRATIVE AGENT; THE ARRANGERS

            
	 	 	 
	
              SECTION
                9.01

            	
              Appointment

            	
              93

            
	
              SECTION
                9.02

            	
              Delegation
                of Duties

            	
              94

            
	
              SECTION
                9.03

            	
              Exculpatory
                Provisions

            	
              94

            
	
              SECTION
                9.04

            	
              Reliance
                by the Administrative Agent and the Arrangers

            	
              94

            
	
              SECTION
                9.05

            	
              Notice
                of Default

            	
              95

            
	
              SECTION
                9.06

            	
              Non-Reliance
                on Administrative Agent or the Arrangers and Other Lenders

            	
              95

            
	
              SECTION
                9.07

            	
              Indemnification

            	
              96

            
	
              SECTION
                9.08

            	
              Administrative
                Agent and Arrangers in Their Respective Individual
                Capacities

            	
              96

            
	
              SECTION
                9.09

            	
              Successor
                Administrative Agent

            	
              96

            
	
              SECTION
                9.10

            	
              Successor
                Arranger

            	
              97

            
	
              SECTION
                9.11

            	
              Issuing
                Bank

            	
              97

            
	
              SECTION
                9.12

            	
              Collateral
                Matters.

            	
              97

            
	
              SECTION
                9.13

            	
              Hedging
                Arrangements

            	
              98

            

    

     

    
      
        
          
          

        

        
          iii

          
            

          

        

        
          
          

        

      

    

     

    
      	
               ARTICLE
                X

            
	
               MISCELLANEOUS

            
	 	 	 
	
              SECTION
                10.01

            	
              Notices.

            	
              98

            
	
              SECTION
                10.02

            	
              Waivers;
                Amendments.

            	
              99

            
	
              SECTION
                10.03

            	
              Expenses;
                Indemnity; Damage Waiver.

            	
              101

            
	
              SECTION
                10.04

            	
              Successors
                and Assigns.

            	
              102

            
	
              SECTION
                10.05

            	
              Survival

            	
              105

            
	
              SECTION
                10.06

            	
              Counterparts;
                Integration; Effectiveness

            	
              105

            
	
              SECTION
                10.07

            	
              Severability

            	
              105

            
	
              SECTION
                10.08

            	
              Right
                of Setoff

            	
              105

            
	
              SECTION
                10.09

            	
              Governing
                Law; Jurisdiction; Consent to Service of Process.

            	
              106

            
	
              SECTION
                10.10

            	
              WAIVER
                OF JURY TRIAL

            	
              107

            
	
              SECTION
                10.11

            	
              Headings

            	
              107

            
	
              SECTION
                10.12

            	
              Confidentiality

            	
              107

            
	
              SECTION
                10.13

            	
              Interest
                Rate Limitation

            	
              108

            
	
              SECTION
                10.14

            	
              USA
                Patriot Act

            	
              108

            
	
              SECTION
                10.15

            	
              Limitation
                of Liability

            	
              108

            
	
              SECTION
                10.16

            	
              Acknowledgments

            	
              108

            
	
              SECTION
                10.17

            	
              Planned
                Reorganization

            	
              109

            

    

     

    SCHEDULES:

     

    
      	
              Schedule
                2.01

            	
              Committed
                Amounts

            
	
              Schedule
                2.06

            	
              Existing
                Letters of Credit

            
	
              Schedule
                3.05

            	
              Certain
                Obligations

            
	
              Schedule
                3.06(a)

            	
              Properties

            
	
              Schedule
                3.07

            	
              Disclosed
                Matters

            
	
              Schedule
                3.14

            	
              Insurance

            
	
              Schedule
                3.15

            	
              Material
                Agreements

            
	
              Schedule
                3.16

            	
              Imbalances

            
	
              Schedule
                3.18

            	
              Force
                Majeure

            
	
              Schedule
                3.19(a) 

            	
              Subsidiaries
                and Joint Ventures

            
	
              Schedule
                3.19(b)

            	
              Consents

            
	
              Schedule
                3.19(c)

            	
              Organizational
                Chart

            
	
              Schedule
                3.20(c)

            	
              Copyright
                Violations

            
	
              Schedule
                5.13

            	
              Post-Effective
                Date Items

            
	
              Schedule
                6.01

            	
              Indebtedness

            
	
              Schedule
                6.02

            	
              Liens

            
	
              Schedule
                6.09

            	
              Transactions
                with Affiliates

            

    

    

    EXHIBITS:

    
      	
              Exhibit
                A

            	
              Form
                of Assignment and Assumption

            
	
              Exhibit
                B

            	
              Form
                of Committed Amount Change Certificate

            
	
              Exhibit
                C

            	
              Form
                of Committed Amount Increase Confirmation

            
	
              Exhibit
                D

            	
              [Reserved]

            

    

     

    
      
        
        

      

      
        iv

        
          

        

      

      
        
        

      

    

     

    
      	
              Exhibit
                E

            	
              Form
                of Opinion of Borrower Parties’ Counsel

            
	
              Exhibit
                F

            	
              Form
                of Perfection Certificate

            
	
              Exhibit
                G

            	
              Form
                of Borrowing Base Multiple Increase Notice

            
	
              Exhibit
                H

            	
              Form
                of Borrowing Request

            
	
              Exhibit
                I

            	
              Form
                of Letter of Credit Request

            
	
              Exhibit
                J

            	
              Form
                of Interest Election Request

            

    

     

    
      
        
        

      

      
        v

        
          

        

      

      
        
        

      

    

    CREDIT
      AGREEMENT
      dated as
      of November 15, 2006 among GENESIS
      CRUDE OIL, L.P.,
      a
      Delaware limited partnership (the “Borrower”), GENESIS
      ENERGY, L.P.,
      a
      Delaware limited partnership (the “Parent”), the LENDERS
      party
      hereto, and FORTIS
      CAPITAL CORP.,
      as
      Administrative Agent.

     

    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 whether such Loan, or
      the
      Loans comprising such Borrowing, are bearing interest at a rate determined
      by
      reference to the Alternate Base Rate.

     

    “Acquisition”
means
      the direct or indirect purchase or acquisition, whether in one or more related
      transactions, by the Parent or any Restricted Subsidiary of (a) any Person
      or
      group of Persons (or all or substantially all of the Equity Interest in any
      Person or group of Persons) or (b) any related group of assets of any Person
      or
      group of Persons.

     

    “Acquisition
      Consideration”
means
      the purchase consideration for any Acquisition and all other payments by the
      Parent or any Restricted Subsidiary in exchange for, or as part of, or in
      connection with, any Acquisition, whether paid in cash or by the assumption
      of
      obligations or the exchange of Equity Interests or of properties or otherwise
      and whether payable at or prior to the consummation of such Acquisition or
      deferred for payment at any future time, whether or not any such future payment
      is subject to the occurrence of any contingency, and includes any and all
      payments representing the purchase price and any assumptions of Indebtedness,
      “earn-out” and other agreements to make any payment the amount of which is, or
      the terms of payment of which are, in any respect subject to or contingent
      upon
      the revenues, income, cash flow or profits (or the like) of any Person or
      business; provided
      that any
      such future payment that is subject to a contingency shall be considered
      Acquisition Consideration only to the extent of the reserve, if any, required
      under GAAP at the time of such sale to be established in respect thereof by
      the
      Parent or any Restricted Subsidiary. 

     

    “Act”
has
      the
      meaning assigned to such term in Section 10.14.

     

    “Additional
      Amount Lender”
has
      the
      meaning assigned such term in Section 2.05(c).

     

    “Adjusted
      Consolidated EBITDA”
means,
      for any period, Consolidated EBITDA determined on a Pro Forma
      Basis.

     

    “Adjusted
      LIBOR Rate”
means,
      with respect to any Eurodollar Borrowing for any Interest Period, an interest
      rate per annum (rounded upwards, if necessary, to the next 1/100th of 1%) equal
      to (a) the LIBOR Rate for such Interest Period multiplied by (b) the Statutory
      Reserve Rate.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    “Administrative
      Agent”
means
      Fortis, 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; provided,
      however,
      that,
      for purposes of Section 6.09(a), the term “Affiliate” shall also include (i) any
      Person that directly or indirectly owns more than 10% of any class of Equity
      Interests of the person specified or (ii) any Person that is an executive
      officer or director of the Person specified

     

    “Agreement”
means
      this Credit Agreement, as the same may be amended, modified, supplemented or
      restated from time to time in accordance herewith.

     

    “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 and (b) the Federal Funds Effective Rate in effect on such
      day plus 1/2 of 1%. For purposes hereof: “Prime
      Rate”
means
      the rate of interest per annum publicly announced from time to time by Fortis
      as
      its prime rate in effect at its principal office in New York City (the Prime
      Rate not being intended to be the lowest rate of interest charged by Fortis
      in
      connection with extensions of credit to debtors); and “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 which
      is a Business Day, the average of the quotations for the day of such
      transactions received by the Administrative Agent from three federal funds
      brokers of recognized standing selected by it. Any change in the Alternate
      Base
      Rate due to a change in the Prime Rate or Federal Funds Effective Rate shall
      be
      effective as of the opening of business on the effective day of such change
      in
      the Prime Rate or the Federal Funds Effective Rate, respectively. 

     

    “Anti-Terrorism
      Laws”
has
      the
      meaning assigned to such term in Section 3.24(a).

     

    “Applicable
      Margin”
means,
      with respect to any ABR Loan or Eurodollar Loan, or with respect to the Unused
      Fee on Committed Amount, as the case may be, the rate per annum set forth in
      the
      Pricing Grid below based upon the Consolidated Leverage Ratio then in
      effect:

     

    
      	
              Pricing
                Grid

            
	
              Level

            	
              Consolidated
                Leverage Ratio

            	
              LIBOR
                Margin

            	
              Base
                Rate Margin

            	
              Unused
                Fee on Committed Amount

            
	
              I

            	
              ≤
                3.00 to 1.00

            	
              1.50%

            	
              0.50%

            	
              0.300%

            
	
              II

            	
              >
                3.00 to 1.00

            	
              1.75%

            	
              0.75%

            	
              0.375%

            
	
              III

            	
              >
                3.50 to 1.00

            	
              2.25%

            	
              1.25%

            	
              0.500%

            
	
              IV

            	
              >
                4.00 to 1.00

            	
              2.50%

            	
              1.50%

            	
              0.500%

            
	
              V

            	
              >
                4.50 to 1.00

            	
              2.875%

            	
              1.875%

            	
              0.500%

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    The
      Applicable Margin for any date shall be determined by reference to the
      Consolidated Leverage Ratio as of the last day of the fiscal quarter most
      recently ended and any change shall (a) become effective upon the delivery
      to
      the Administrative Agent of financial statements pursuant to Section 5.01 for
      such quarter and (b) apply (i) in the case of ABR Loans, to ABR Loans
      outstanding on such delivery date or made on and after such delivery date and
      (ii) in the case of Eurodollar Loans, to Eurodollar Loans made, continued or
      converted on and after such delivery date. Notwithstanding the foregoing, at
      any
      time during which the applicable Borrower Party has failed to deliver such
      financial statements to the Administrative Agent when due, the Consolidated
      Leverage Ratio shall be deemed, solely for the purpose of this definition,
      to be
      Level V until such time as the applicable Borrower Party shall deliver such
      financial statements.

     

    “Arrangers”
means,
      collectively, Fortis and Deutsche Bank Securities Inc. and “Arranger”
means,
      individually, Fortis or Deutsche Bank Securities Inc.

     

    “Assignee”
has
      the
      meaning assigned to such term in Section 10.04(c).

     

    “Assignment
      and Assumption”
means
      an assignment and assumption entered into by a Lender and an assignee (with
      the
      consent of any party whose consent is required by Section 10.04), and accepted
      by the Administrative Agent, in the form of Exhibit
      A
      or any
      other form approved by the Administrative Agent.

     

    “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 Committed
      Amount.

     

    “Available
      Amount”
means,
      for any day, the least of (a) the then effective aggregate Maximum Amount,
      (b)
      the then effective Borrowing Base minus the aggregate amount of secured
      Indebtedness permitted under Sections 6.01 and 6.02 outstanding as of such
      day,
      and (c) the then effective aggregate Committed Amount.

     

    “Benefit
      Arrangement”
means,
      at any time, an employee benefit plan within the meaning of Section 3(3) of
      ERISA that is not a Plan or a Multiemployer Plan and that is maintained or
      otherwise contributed to by any ERISA Affiliate.

     

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

     

    “Borrower”
has
      the
      meaning assigned to such term in the introductory paragraph hereto.

     

    “Borrower
      Parties”
means
      the Borrower, the Restricted Subsidiaries and the Parent.

     

    “Borrower’s
      Business”
means
      the business of the Parent, the Borrower and the Restricted Subsidiaries, taken
      as a whole. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “Borrowing”
means
      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.

     

    “Borrowing
      Base”
means,
      for any Test Period, the amount equal to the product of (a) 4.25 and (b) the
      Adjusted Consolidated EBITDA for such Test Period; provided
      that
      during any Borrowing Base Multiple Increase Period when a Borrowing Base
      Multiple Increase Notice is effective, “Borrowing Base” shall mean the amount
      equal to the product of (i) 4.75 and (ii) Adjusted Consolidated EBITDA for
      such
      Test Period. 

     

    “Borrowing
      Base Certification”
has
      the
      meaning assigned such term in Section 5.01(g).

     

    “Borrowing
      Base Multiple Increase Notice”
means
      a
      Borrowing Base Multiple Increase Notice substantially in the form of
Exhibit
      G.

     

    “Borrowing
      Base Multiple Increase Period”
means,
      with respect to any Borrowing Base Multiple Increase Notice delivered in
      accordance with Section 2.04, the period beginning on the date of the
      consummation of the Material Acquisition applicable to such notice and ending
      on
      the last Business Day of the third complete fiscal quarter thereafter.

     

    “Borrowing
      Request”
means
      a
      request by the Borrower for a Revolving Borrowing in accordance with Section
      2.03(a), substantially in the form of Exhibit
      H.

     

    “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.

     

    “Calculation
      Period”
means,
      with respect to any Substantial Transaction or any other event expressly
      required to be calculated on a Pro Forma
      Basis
      pursuant to the terms of this Agreement, the Test Period most recently ended
      prior to the date of such Substantial Transaction or other event for which
      financial statements have been delivered to the Lenders pursuant to this
      Agreement. 

     

    “Capital
      Lease Obligations”
of
      any
      Person means the obligations of such Person to pay rent or other amounts under
      any lease of (or other arrangement conveying the right to use) Real Property,
      Pipelines or personal Property, or a combination thereof, which obligations
      are
      required to be classified and accounted for as capital leases on a balance
      sheet
      of such Person under GAAP, and the amount of such obligations shall be the
      capitalized amount thereof determined in accordance with GAAP.

     

    “Casualty
      Event”
means
      any loss of or damage to or destruction of, or any condemnation or other taking
      of, any Property of the Parent or its Subsidiaries or Joint
      Ventures.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    “Change
      in Control”
means
      the occurrence of any of the following events: (i) the Parent and the Restricted
      Subsidiaries (other than Restricted Subsidiaries that are Controlled, or
      directly or indirectly owned (in whole or in part), by the Borrower) shall
      cease
      to be the sole legal or beneficial owners (within the meaning of Rule 13d-3
      under the Securities Exchange Act of 1934, as amended) of one-hundred percent
      (100%) of the limited partnership interests of the Borrower (including all
      securities which are convertible into limited partner interests), or (ii) the
      General Partner shall cease to be the sole general partner of the Parent, or
      (iii) the Continuing Directors shall cease to collectively constitute a majority
      of the members of the board of directors of the General Partner, or (iv) Denbury
      shall either (A) cease to Control the General Partner or (B) cease to own
      legally and beneficially at least 80% of the Equity Interests of the General
      Partner, or (v) any Restricted Subsidiary that is a partnership shall cease
      to
      have as its general partner either the General Partner, the Parent or another
      Restricted Subsidiary. As used herein, “Continuing Director” means any member of
      the board of directors of the General Partner who (x) is a member of such board
      of directors as of the date hereof or is specified in the Parent’s filings with
      the SEC prior to the date hereof as a Person who is to become a member of such
      board as of the Effective Date, or (y) was nominated for election or elected
      to
      such board of directors with the approval of at least 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.

     

    “Charges”
has
      the
      meaning assigned to such term in Section 10.13. 

     

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

     

    “Collateral”
means
      all collateral under or as defined in any Security Document.

     

    “Committed
      Amount”
means,
      with respect to each Lender, the amount of the commitment of such Lender to
      make
      Loans and to acquire participations in Letters of Credit hereunder, expressed
      as
      an amount representing the maximum aggregate amount of such Lender’s Revolving
      Credit Exposure hereunder at any given time. A Lender’s Committed Amount may be
      (a) reduced from time to time pursuant to Section 2.09, (b) reduced or increased
      from time to time pursuant to assignments by or to such Lender pursuant to
      Section 10.04 or (c) decreased or increased from time to time pursuant to
      Section 2.04. The initial amount of each Lender’s Committed Amount is set forth
      on Schedule
      2.01,
      or in
      the Assignment and Assumption pursuant to which such Lender shall have assumed
      its Committed Amount. The initial aggregate Committed Amount as of the Effective
      Date shall be $125,000,000. The aggregate Committed Amount after the Effective
      Date shall never be greater than the then current aggregate Maximum
      Amount.

     

    “Committed
      Amount Change Certificate”
means
      a
      Committed Amount Change Certificate delivered in connection with either a
      decrease or a requested increase in the Committed Amounts substantially in
      the
      form of Exhibit
      B.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    “Committed
      Amount Change Effective Date”
means,
      with respect to a decrease in the aggregate Committed Amounts, the date that
      such decrease becomes effective pursuant to Section 2.05(b), and with respect
      to
      any increase in the aggregate Committed Amounts, the date such increase becomes
      effective pursuant to Section 2.05(c).

     

    “Committed
      Amount Increase Confirmation”
means
      a
      Committed Amount Increase Confirmation substantially in the form of Exhibit
      C.

     

    “Committed
      Amount Increase Fee”
means
      the fee to be paid by the Borrower to (a) any Lender that is not an Additional
      Amount Lender but that has accepted all or any part of a Requested Increase,
      in
      an amount equal to 0.45% of the amount of such Requested Increase finally
      accepted by such Lender, (b) any Additional Amount Lender, in an amount equal
      to
      0.45% of the aggregate increase in such Additional Amount Lender’s Committed
      Amount, and (c) any New Lender agreeing to have a Committed Amount pursuant
      to
      Section 2.05(d)(i), in an amount equal to 0.45% of such New Lender’s Committed
      Amount, in each case to be paid as of any respective Committed Amount Change
      Effective Date.

     

    “Consenting
      Lender”
has
      the
      meaning assigned to such term in Section 2.05(c).

     

    “Consolidated
      Capitalization Ratio”
means,
      as at any date of determination, the ratio of (a) Consolidated Total Funded
      Debt
      as of such date to (b) the sum of the Consolidated Total Funded Debt plus
      Consolidated Net Worth as of such date.

     

    “Consolidated
      Debt Service Coverage Ratio”
means,
      on any date of determination, the ratio of (a) Adjusted Consolidated EBITDA
      for
      the Test Period most recently ended on or prior to such date to (b) Consolidated
      Interest Expense for such Test Period.

     

    “Consolidated
      EBITDA”
means,
      for any period, Consolidated Net Income for such period (without giving effect
      to (without duplication) (a) any extraordinary income or gains, (b) any interest
      income, (c) any non-cash income (excluding items which represent the reversal
      of
      a non-cash charge referred to in clause (e) below of this definition), (d)
      any
      extraordinary losses, (e) any non-cash charges or losses (except to the extent
      that any such non-cash charge or loss would require an anticipated cash payment
      (or a reserve for an anticipated cash payment) in any future period), including
      any non-cash expenses relating to impairments and similar write-offs and stock
      appreciation rights, (f) any gains or losses from sales of assets other than
      inventory sold in the ordinary course of business, (g) income or losses
      attributable to Unrestricted Subsidiaries, Joint Ventures, any Person accounted
      for by the Parent by the equity method of accounting, or any other Person that
      is not a Subsidiary of the Parent or (h) income or losses attributable to Direct
      Financing Leases) adjusted by adding thereto (in each case, to the extent
      deducted in determining Consolidated Net Income for such period or deducted
      by
      operation of clause (g) or (h) above), without duplication, the amount of (i)
      total interest expense (inclusive of amortization of deferred financing fees
      and
      other original issue discount and banking fees, charges and commissions (e.g.,
      letter of credit fees and commitment fees)), (ii) provision for taxes based
      on
      income (including any Texas franchise Tax provided such franchise Tax is a
      Tax
      based on income) and foreign withholding taxes, (iii) all depreciation,
      depletion and amortization expense, (iv) any non-cash stock or stock option
      or
      similar compensation expense, (v) any cash received by the Parent or any
      Restricted Subsidiary pursuant to any Direct Financing Lease and (vi) any cash
      distributions received by the Parent or any Restricted Subsidiary from
      Unrestricted Subsidiaries, Joint Ventures, any Person accounted for by the
      Parent by the equity method of accounting, or any other Person that is not
      a
      Subsidiary of the Parent. For the avoidance of doubt, it is understood and
      agreed that to the extent any amounts are excluded from Consolidated Net Income
      by virtue of the proviso to the definition thereof, any add backs to
      Consolidated Net Income in determining Consolidated EBITDA as provided above
      shall be limited (or denied) in a fashion consistent with the proviso to the
      definition of Consolidated Net Income contained in such definition.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    “Consolidated
      Interest Expense”
shall
      mean, for any period, (a) the sum of (i) the total consolidated interest
      expense, net of consolidated interest income, of the Parent and its Subsidiaries
      (including, without limitation, all commissions, discounts and other commitment
      and banking fees and charges (e.g.,
      fees
      with respect to letters of credit (including the Letters of Credit) and Hedging
      Agreements)) for such period (calculated without regard to any limitations
      on
      payment thereof), adjusted to exclude (to the extent same would otherwise be
      included in the calculation above in this clause (a)) the amortization of any
      deferred financing costs for such period, plus (ii) without duplication, (x)
      that portion of Capital Lease Obligations of the Parent and its Subsidiaries
      on
      a consolidated basis representing the interest factor for such period and (y)
      the “deemed interest expense” (i.e.,
      the
      interest expense which would have been applicable if the respective obligations
      were structured as on-balance sheet financing arrangements) with respect to
      all
      Indebtedness of the Parent and its Subsidiaries of the type described in clause
      (g) of the definition of Indebtedness contained herein (to the extent same
      does
      not arise from a financing arrangement constituting an operating lease) for
      such
      period, minus (b) that portion of (i) and (ii) above attributable to
      Unrestricted Subsidiaries. 

     

    “Consolidated
      Leverage Ratio”
shall
      mean, on any date of determination, the ratio of (x) Consolidated Total Funded
      Debt on such date to (y) Adjusted Consolidated EBITDA for the Test Period most
      recently ended on or prior to such date.

     

    “Consolidated
      Net Income”
shall
      mean, for any period, the net income (or loss) of the Parent and its
      Subsidiaries determined on a consolidated basis for such period (taken as a
      single accounting period) in accordance with GAAP, provided
      that the
      following items shall be excluded (without duplication) in computing
      Consolidated Net Income: (i) except for determinations expressly required to
      be
      made on a Pro Forma
      Basis,
      the net income (or loss) of any Person accrued prior to the date it becomes
      a
      Subsidiary of the Parent or all or substantially all of the Property or assets
      of such Person are acquired by a Subsidiary of the Parent and (ii) the net
      income of any Subsidiary of the Parent to the extent that the declaration or
      payment of cash dividends or similar cash distributions by such Subsidiary
      of
      such net income is not at the time permitted by the operation of the terms
      of
      its charter or any agreement, instrument, judgment, decree, order, statute,
      rule
      or governmental regulation applicable to such Subsidiary. 

     

    “Consolidated
      Net Worth”
means
      (a) the remainder of all consolidated assets, as determined in accordance with
      GAAP, of the Parent and its Subsidiaries minus the sum of (i) the consolidated
      liabilities, as determined in accordance with GAAP, of the Parent and its
      Subsidiaries and (ii) all outstanding minority interests (other than the
      minority interest in Borrower held by the General Partner) minus (b) for any
      Unrestricted Subsidiaries that are included in the calculation of clause (a)
      above, the remainder (not to be less than zero) of (i) the assets of all such
      Unrestricted Subsidiaries minus (ii) the liabilities of all such Unrestricted
      Subsidiaries. The effect of any increase or decrease in net worth in any period
      as a result of items of income or loss not reflected in the determination of
      net
      income but reflected in the determination of comprehensive income (to the extent
      provided under GAAP as in effect on the date hereof) shall be excluded in
      determining Consolidated Net Worth. 

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    “Consolidated
      Total Funded Debt”
shall
      mean, at any time, (a) the sum of (without duplication) (i) all Indebtedness
      of
      the Parent and its Subsidiaries (on a consolidated basis) as would be required
      to be reflected as debt or Capital Lease Obligations on the liability side
      of a
      consolidated balance sheet of the Parent and its Subsidiaries in accordance
      with
      GAAP, (ii) all Indebtedness of the Parent and its Subsidiaries of the type
      described in clauses (b) (excluding undrawn amounts in respect of letters of
      credit) and (g) of the definition of Indebtedness, and (iii) all Guarantees
      of
      the Parent and its Subsidiaries in respect of Indebtedness of any third Person
      of the type referred to in preceding clauses (a) and (b), minus (to the extent
      included) (b) any such Indebtedness or Guarantees of any Unrestricted
      Subsidiaries. 

     

    “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.

     

    “Control
      Agreement”
means
      any agreement the purpose of which is to create a First Priority perfected
      Lien
      by control in favor of the Administrative Agent for the benefit of the Secured
      Parties in respect of one or more deposit accounts, securities accounts or
      commodities accounts of any Borrower Party, including (a) that certain
      Collateral Account Notification and Acknowledgment, dated as of the date hereof,
      by and among the Borrower, the Administrative Agent for the benefit of the
      Secured Parties and Banc of America Securities LLC, (b) that certain Account
      Control Agreement, dated as of the date hereof, by and among the Borrower,
      the
      Administrative Agent for the benefit of the Secured Parties and Man Financial
      Inc., and (c) that certain Deposit Account Control Agreement, dated as of the
      date hereof, by and among the Borrower, the Administrative Agent for the benefit
      of the Secured Parties and Bank of America, N.A.

     

    “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.

     

    “Denbury”
means
      Denbury Resources Inc., a Delaware corporation.

     

    “Direct
      Financing Lease”
means
      any arrangement in respect of which cash received pursuant to such arrangement
      is shown on the Parent’s consolidated statement of cash flows as being
      attributable to “direct financing leases.”

     

    “Disclosed
      Matters”
means
      the actions, suits and proceedings disclosed in Schedule
      3.07.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    “Distributable
      Cash”
means,
      with respect to any fiscal quarter, the positive difference, if any between
      (a)
      for the eight most recent fiscal quarters immediately preceding the relevant
      quarter, Adjusted Consolidated EBITDA (i) plus (x) interest income, (y) cash
      proceeds from the sale of assets not being used in the operation of the
      Borrower’s Business (provided
      that
      this clause (y) shall not include insurance proceeds), and (z) any non-cash
      charges or losses excluded in clause (e) of the definition of Consolidated
      EBITDA, (ii) minus (x) total interest expense, (y) maintenance capital
      expenditures incurred to replace
      or enhance partially or fully depreciated assets so as to sustain the existing
      operating capacity or efficiency of the assets or extend their useful lives,
      and
      (z) cash payments for taxes based on income (including any Texas franchise
      Tax
      provided such franchise Tax is a Tax based on income) and foreign withholding
      taxes, minus (b) all distributions made by the Parent to the holders of its
      Equity Interest attributable to such eight quarter period.

     

    “Divestiture”
means
      the direct or indirect sale or transfer, whether in one or more related
      transactions, by the Parent or the Restricted Subsidiaries of any Person or
      group of Persons (or any Equity Interest in any Person or group of Persons)
      or
      any related group of assets, liabilities or securities of any Person or group
      of
      Persons.

     

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

     

    “EDGAR”
means
      the Electronic Data Gathering, Analysis, and Retrieval computer system for
      the
      receipt, acceptance, review and dissemination of documents submitted to the
      SEC
      in electronic format. 

     

    “Effective
      Date”
means
      the date on which the conditions specified in 4.01 are satisfied (or waived
      in
      accordance with Section 10.02).

     

    “Effective
      Date Real Property Requirements”
means
      the following:

     

    (a)   with
      respect to each Mortgaged Property:

     

    (i)    
a
      Mortgage encumbering each Mortgaged Property in favor of the Administrative
      Agent, for the benefit of the Secured Parties, duly executed and acknowledged
      by
      each Borrower Party that is the owner of or holder of any interest in such
      Mortgaged Property, and otherwise in form for recording in the recording office
      of each applicable political subdivision where each such Mortgaged Property
      is
      situated, together with such certificates, affidavits, questionnaires or returns
      as shall be required in connection with the recording or filing thereof to
      create a lien under applicable Governmental Requirements, and such
      financing statements and any other instruments necessary to grant a mortgage
      lien under the laws of any applicable jurisdiction, all of which shall be in
      form and substance reasonably satisfactory to Administrative Agent;

     

    (ii)    with
      respect
      to each Mortgaged Property, such consents, approvals, amendments, supplements,
      estoppels, tenant subordination agreements or other instruments as shall
      reasonably be deemed necessary by the Administrative Agent in order for the
      owner or holder of the fee or leasehold interest constituting such Mortgaged
      Property to grant the Lien contemplated by the Mortgage with respect to such
      Mortgaged Property; and

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    (iii)   with
      respect to
      each Mortgage, opinions of local counsel to the Borrower Parties, which opinions
      (A) shall be addressed to the Administrative Agent and each of the Lenders
      and be dated the Effective Date, (B) shall cover the enforceability of the
      respective Mortgage and such other matters incident to the transactions
      contemplated herein as the Administrative Agent may reasonably request and
      (C)
      shall be in form and substance reasonably satisfactory to the
      Administrative Agent.

     

    (b)   evidence
      reasonably
      acceptable to the Administrative Agent of payment by  a Borrower Party
      of all search and examination charges, escrow charges and related charges,
      mortgage recording taxes, fees, charges, costs and expenses required for the
      recording of the Mortgages referred to above; and

     

    (c)   with
      respect to
      each Mortgaged Property, the Parent and each Restricted Subsidiary
      shall have made all notifications, registrations and filings, to the extent
      required by, and in accordance with, all Governmental Real Property Disclosure
      Requirements applicable to such Mortgaged Property.

     

    “Embargoed
      Person”
has
      the
      meaning set forth in Section 6.22. 

     

    “Environmental
      Claim”
means
      any notice, notice of violation, claim, action, suit, proceeding, demand,
      abatement order or other order or directive by any Governmental Authority or
      any
      other Person, arising (a) pursuant to or in connection with any actual or
      alleged violation of any Environmental Law, (b) in connection with any Hazardous
      Material or any actual or alleged Hazardous Material Activity, or (c) in
      connection with any actual or alleged damage, injury, threat or harm to natural
      resources or the environment or, to the extent arising under Environmental
      Laws.

     

    “Environmental
      Laws”
means
      all laws, rules, regulations, codes, ordinances, orders, decrees, judgments
      or
      injunctions promulgated 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.

     

    “Environmental
      Liability”
means
      any liability, contingent or otherwise (including any liability for damages,
      costs of environmental remediation, fines, penalties or indemnification for
      such
      matters), of any Person directly or indirectly resulting from or based upon
      (a)
      violation of 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, (e) any Environmental Claim,
      or
      (f) any contract, agreement or other consensual arrangement pursuant to which
      liability is assumed or imposed with respect to any of the
      foregoing.

     

    “Equity
      Interest”
means
      any and all shares, interests, participations or other equivalents (however
      designated) of capital stock of a corporation, any member interests in a limited
      liability company, any general or limited partner interests in a partnership,
      any and all equivalent ownership interests in a Person and any and all warrants,
      options or other rights to purchase any of the foregoing.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    “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
      Parent, 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 Parent 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 Parent 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 Parent 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 Parent
      or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan
      from the Parent 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.

     

    “Eurodollar”,
      when
      used in reference to any Loan or Borrowing, refers to whether such Loan, or
      the
      Loans comprising such Borrowing, are bearing interest at a rate determined
      by
      reference to the Adjusted LIBOR Rate.

     

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

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended from time to time, and any
      successor statute thereto.

     

    “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, 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, (b) any branch profits taxes imposed by the United States of America
      or any similar tax imposed by any other jurisdiction in which the Borrower
      is
      located and (c) in the case of a Foreign Lender (other than an assignee pursuant
      to a request by the Borrower under Section 2.05(d) or Section 2.19(b)), any
      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 with
      respect to such withholding tax pursuant to Section 2.17(a).

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    “Executive
      Order”
has
      the
      meaning assigned to such term in Section 3.24(a).

     

    “Existing
      Credit Agreement”
means
      that certain Credit Agreement dated as of June 1, 2004 by and among the
      Borrower, the General Partner and the Parent, as guarantors, Banc of America
      Securities LLC, as arranger and book manager, Fleet National Bank, as
      administrative agent, and the other lenders party thereto.

     

    “Existing
      Letters of Credit”
means
      the Letters of Credit listed on Schedule
      2.06.

     

    “Facility”
means
      any Real Property or Pipelines (including in each case all buildings, fixtures
      or other improvements located thereon) now, hereafter or heretofore owned,
      leased, operated or used by the Borrower, the Parent, any Subsidiary or any
      of
      their respective predecessors or Affiliates. 

     

    “Faustina
      Joint Venture”
means
      Faustina Hydrogen Products LLC, a Delaware limited liability company expected
      to
      be formed as contemplated in the Investment and Development Agreement dated
      May
      1, 2006 by and among USD Syngas LLC, Denbury Onshore, LLC and the Borrower,
      and
      the arrangements described in such agreement.

     

    “FERC”
means
      the Federal Energy Regulatory Commission.

     

    “Finance
      Co”
means
      a
      direct, Wholly Owned Subsidiary of the Parent formed to become a co-issuer
      or
      co-borrower of unsecured Indebtedness permitted by this Agreement, which
      Restricted Subsidiary meets the following conditions at all times: (i) the
      provisions of Sections 5.10 and 5.11 have been complied with with respect to
      such Restricted Subsidiary and (ii) such Restricted Subsidiary has not (A)
      incurred, directly or indirectly, any Indebtedness or other obligation or
      liability whatsoever other than the Indebtedness that it was formed to co-issue
      or co-borrow; (B) engaged in any business, activity or transaction or owned
      any
      Property, assets or Equity Interests other than (x) performing its obligations
      and activities incidental to the co-issuance or co-borrowing of the Indebtedness
      that it was formed to co-issue or co-borrow, and (y) other activities incidental
      to the maintenance of its existence, including legal, Tax and accounting
      administration; (C) consolidated with or merged with or into any Person; or
      (D)
      failed to hold itself out to the public as a legal entity separate and distinct
      from all other Persons. 

     

    “Financial
      Officer”
means,
      with respect to any Person, the chief executive officer, president, chief
      accounting officer, chief financial officer, treasurer, vice president of
      finance or controller of such Person and, to the extent the Parent or any of
      the
      Subsidiaries does not have any officers (or any such officer), any similar
      officer of the General Partner or such Person’s parent or general
      partner.

     

    “First
      Priority”
means,
      with respect to any Lien purported to be created and granted in any Collateral
      pursuant to any Security Document, that such Lien is the most senior Lien to
      which such Collateral is subject.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    “Foreign
      Lender”
means
      any Lender that is organized under the laws of a jurisdiction other than that
      in
      which the Borrower is located. For purposes of this definition, the United
      States of America, each State thereof and the District of Columbia shall be
      deemed to constitute a single jurisdiction.

     

    “Foreign
      Subsidiary”
means
      any Subsidiary that is not organized under the laws of the United States of
      America or any state thereof or the District of Columbia.

     

    “Fortis”
means
      Fortis Capital Corp.

     

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

     

    “General
      Partner”
means
      the “General Partner” of the Parent as such term is defined in the Partnership
      Agreement.

     

    “General
      Partner Pledge Agreement”
means
      the General Partner Pledge Agreement, dated as of even date herewith, by the
      General Partner in favor of the Administrative Agent.

     

    “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.

     

    “Governmental
      Real Property Disclosure Requirements”
means
      any Governmental Requirement of any Governmental Authority requiring
      notification of the buyer, lessee, mortgagee, assignee or other transferee
      of
      any Real Property, Pipeline, facility, establishment or business, or
      notification, registration or filing to or with any Governmental Authority,
      in
      connection with the sale, lease, mortgage, assignment or other transfer
      (including any transfer of control) of any Real Property,
      Pipeline, facility, establishment or business, of the actual or threatened
      presence or release in or into the environment, or the use, disposal or
      handling of Hazardous Material on, at, under or near the Real
      Property, Pipeline, facility, establishment or business to be sold, leased,
      mortgaged, assigned or transferred.

     

    “Governmental
      Requirement”
means
      any law, statute, code, ordinance, order, determination, rule, regulation,
      judgment, decree, injunction, franchise, permit, certificate, license,
      authorization or other directive or requirement, whether now or hereafter in
      effect, including Environmental Laws, energy regulations and occupational,
      safety and health standards or controls, of any Governmental
      Authority.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    “Guarantee”
of
      or
      by any Person (the “guarantor”) means any obligation, contingent or otherwise,
      of the guarantor guaranteeing or having the economic effect of guaranteeing
      any
      Indebtedness or other obligation of any other Person (the “primary obligor”) in
      any manner, whether directly or indirectly, and including any obligation of
      the
      guarantor, direct or indirect, (a) to purchase or pay (or advance or supply
      funds for the purchase or payment of) such Indebtedness or other obligation
      or
      to purchase (or to advance or supply funds for the purchase of) any security
      for
      the payment thereof, (b) to purchase or lease Property, securities or services
      for the purpose of assuring the owner of such Indebtedness or other obligation
      of the payment thereof, (c) to maintain working capital, equity capital or
      any
      other financial statement condition or liquidity of the primary obligor so
      as to
      enable the primary obligor to pay such Indebtedness or other obligation or
      (d)
      as an account party in respect of any letter of credit or letter of guaranty
      issued to support such Indebtedness or obligation; provided
      that the
      term Guarantee shall not include endorsements for collection or deposit in
      the
      ordinary course of business or any obligation that arises solely as a result
      of
      the relevant Person’s status as a general partner in a partnership.

     

    “Guarantee
      and Collateral Agreement”
means
      the Guarantee and Collateral Agreement, dated as of even date herewith, by
      and
      among the Borrower and the other grantors set forth therein, in favor of the
      Administrative Agent.

     

    “Guarantor”
means
      each of the Parent, each Restricted Subsidiary (other than the Borrower), and
      each guarantor pursuant to Sections 5.10 and 5.11. 

     

    “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 regulated pursuant to any Environmental Law.

     

    “Hazardous
      Materials Activity”
means
      any event or occurrence involving any Hazardous Materials, including the use,
      manufacture, possession, storage, holding, presence, existence, location,
      release, threatened release, discharge, placement, generation, transportation,
      processing, construction, treatment, abatement, removal, remediation, disposal,
      disposition or handling of any Hazardous Materials, and any corrective action
      or
      response action with respect to any of the foregoing. 

     

    “Hedging
      Agreement”
means
      any agreement with respect to any swap, forward, future or derivative
      transaction or option or similar agreement involving, or settled by reference
      to, one or more rates, currencies, commodities, equity or debt instruments
      or
      securities, or economic, financial or pricing indices or measures of economic,
      financial or pricing risk or value or any similar transaction or any combination
      of these transactions.

     

    “Increased
      Ratable Portion Lender”
has
      the
      meaning assigned to such term in Section 2.05(d).

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    “Indebtedness”
means,
      as to any Person, without duplication, (a) all indebtedness of such Person
      for
      borrowed money or for the deferred purchase price of Property or services (other
      than current trade liabilities incurred in the ordinary course of business
      and
      payable in accordance with customary practices and which in any event are no
      more than 120 days past due, or, if more than 120 days past due, are being
      contested in good faith and adequate reserves with respect thereto have been
      made on the books of such Person), (b) the maximum amount available to be drawn
      or paid under all letters of credit, bankers’ acceptances, bank guaranties,
      surety and appeal bonds and similar obligations issued for the account of such
      Person and all unpaid drawings and unreimbursed payments in respect of such
      letters of credit, bankers’ acceptances, bank guaranties, surety and appeal
      bonds and similar obligations, (c) all indebtedness of the types described
      in
      clause (a), (b), (d), (e), (f) or (g) of this definition secured by any Lien
      on
      any Property owned by such Person, whether or not such indebtedness has been
      assumed by such Person (provided
      that, if
      the Person has not assumed or otherwise become liable in respect of such
      indebtedness, such indebtedness shall be deemed to be in an amount equal to
      the
      fair market value of the Property to which such Lien relates), (d) all Capital
      Lease Obligations of such Person, (e) all Guarantees of such Person, (f) all
      net
      obligations under any Hedging Agreement or under any similar type of agreement
      and (g) all Off-Balance Sheet Liabilities of such Person. For the avoidance
      of
      doubt, Indebtedness shall not include any indebtedness that arises solely as
      a
      result of the relevant Person’s status as a general partner of a partnership.

     

    “Indemnified
      Taxes”
means
      Taxes other than Excluded Taxes.

     

    “Intellectual
      Property”
has
      the
      meaning assigned to such term in Section 3.20.

     

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

     

    “Interest
      Payment Date”
means
      (a) with respect to any ABR Loan, the last day of each March, June, September
      and December and (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
      months’ duration, each day prior to the last day of such Interest Period that
      occurs at intervals of three months’ duration after the first day of such
      Interest Period.

     

    “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 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
      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 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 hereof, the
      date of a Borrowing initially shall be the date on which such Borrowing is
      made
      and thereafter shall be the effective date of the most recent conversion or
      continuation of such Borrowing.

     

    “Investment”
means,
      with respect to any Person, any direct or indirect purchase or other acquisition
      by such Person of any Equity Interest in any other Person, or any direct or
      indirect loan, advance or capital contribution by such Person to any other
      Person, including all Indebtedness and receivables owed by such other Person
      that are not current assets or did not arise from sales to such other Person
      in
      the ordinary course of business.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    “Issuing
      Bank”
means
      (a) Fortis Bank S.A./N.V., New York Branch in its capacity as an issuer of
      Letters of Credit hereunder, and its successors in such capacity as provided
      in
      Section 2.06(i) and (b) Bank of America in its capacity as issuer of the
      Existing Letters of Credit. Any Issuing Bank may, in its discretion, arrange
      for
      one or more Letters of Credit to be issued by Affiliates of such Issuing Bank,
      in which case the term “Issuing Bank” shall include any such Affiliate with
      respect to Letters of Credit issued by such Affiliate. 

     

    “Joint
      Venture”
means
      (a) any Person (i) that is not a Subsidiary, and (ii) of which the Borrower,
      together with its subsidiaries, is, directly or indirectly, the beneficial
      owner
      of 5% or more of any class of Equity Interests or (b) an Unrestricted Subsidiary
      formed with the express intention of establishing a joint venture; provided
      that if
      an entity formed pursuant to this clause (b) still constitutes a Subsidiary
      thirty days after formation, it shall no longer constitute a Joint Venture.
      

     

    “Knowledge”
means
      knowledge; provided
      that to
      the extent used in this Agreement to refer to the knowledge of any Borrower
      Party in respect of the activities or affairs of any Joint Venture or any Person
      that is not an Affiliate of such Borrower Party, the term “Knowledge” shall not
      require such Borrower Party to make any inquiry to such Joint Venture or to
      any
      other holder of any Equity Interest in such Joint Venture. 

     

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

     

    “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 Issuing Bank at any time shall be its
      Ratable Portion 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
      Assumption, other than any such Person that ceases to be a party hereto pursuant
      to an Assignment and Assumption or any other documentation specified in Section
      2.05 or Section 2.19.

     

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

     

    “Letter
      of Credit Request”
means
      a
      request by the Borrower for a Letter of Credit in accordance with Section
      2.06(a), substantially in the form of Exhibit
      I.

     

    “LIBOR
      Rate”
means,
      with respect to any Eurodollar Borrowing for any Interest Period, the rate
      appearing on Page 3750 of the Dow Jones Market Service (or on any successor
      or
      substitute page of such Service, or any successor to or substitute for such
      Service, providing rate quotations comparable to those currently provided on
      such page of such Service, 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. In the event that such rate is not available at such time
      for
      any reason, then the “LIBOR Rate” with respect to such Eurodollar Borrowing for
      such Interest Period shall be the rate at which dollar deposits of $5,000,000
      and for a maturity comparable to such Interest Period are offered by the
      principal London office of the Administrative Agent 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.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    “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 (or any financing lease having
      substantially the same economic effect as any of the foregoing) 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.

     

    “Loan
      Documents”
means
      this Agreement, each promissory note, if any, executed in connection herewith,
      the Letters of Credit, the Security Documents, the Fee Letter, each Secured
      Hedging Agreement and each other agreement, instrument, certificate or document
      executed by the Borrower Parties or any of their officers at any time in
      connection with this Agreement, as such agreements may be amended, modified,
      supplemented or restated from time to time.

     

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

     

    “Margin
      Stock”
has
      the
      meaning assigned to such term in Regulation U. 

     

    “Material
      Acquisition”
means
      any Permitted Acquisition in respect of which the aggregate Acquisition
      Consideration is in excess of $25,000,000.

     

    “Material
      Adverse Effect”
means
      a
      material adverse effect on (a) the business, assets, operations or condition,
      financial or otherwise, of the Parent and the other Borrower Parties, taken
      as a
      whole, (b) the perfection or priority of the Liens created and granted pursuant
      to the Security Documents, (c) the ability of any Borrower Party to perform
      any
      of its obligations under the Loan Documents or (d) the rights of or benefits
      available to the Lenders under this Agreement or any other Loan
      Document.

     

    “Material
      Agreement”
means
      any agreement to which any Borrower Party is a party that is of the type either
      referred to as a “material definitive agreement” in Form 8-K or required to be
      attached as an exhibit to a filing in accordance with Item 6.01 of Regulation
      S-K, as promulgated by the SEC. 

     

    “Material
      Indebtedness”
means
      Indebtedness (other than the Loans and Letters of Credit) of any one or more
      of
      the Parent and the other Borrower Parties in an aggregate principal amount
      exceeding $2,000,000. For purposes of determining Material Indebtedness, the
      “principal amount” of any Hedging Agreement at any time shall be the maximum
      aggregate amount (giving effect to any netting agreements) that the Parent,
      the
      Borrower or any Restricted Subsidiary would be required to pay if such Hedging
      Agreement were terminated at such time.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    “Material
      Subsidiary”
means
      any Restricted Subsidiary (including the Borrower) that, on any date of
      determination, (a) owns tangible Property having a fair market value in excess
      of 5% of the aggregate fair market value of all tangible Property of the Parent
      and the Restricted Subsidiaries, in each case, as determined in good faith
      by
      the Borrower, or (b) accounts for in excess of 5% of Consolidated EBITDA for
      the
      Test Period most recently ended on or prior to such date.

     

    “Maturity
      Date”
means
      November 15, 2011.

    

    “Maximum
      Amount”
means,
      with respect to each Lender, the maximum amount allocated to such Lender that
      the Borrower could request such Lender’s Committed Amount be increased to
      pursuant to Section 2.05(c). A Lender’s Maximum Amount may be (a) terminated
      pursuant to Section 2.09, (b) reduced or increased from time to time pursuant
      to
      assignments by or to such Lender pursuant to Section 10.04 or (c) reduced or
      increased from time to time pursuant to Section 2.19. The initial allocation
      of
      the Maximum Amount with respect to such Lender is set forth on Schedule
      2.01,
      or in
      the Assignment and Assumption pursuant to which such Lender shall have been
      allocated its Maximum Amount. The initial aggregate Maximum Amounts shall be
      $500,000,000. For avoidance of doubt, the Maximum Amount of any Lender does
      not
      establish any commitment or other obligation of such Lender to increase its
      Committed Amount or otherwise become obligated in any way hereunder without
      such
      Lender’s express written consent, exercised in each such Lender’s sole
      discretion.

     

    “Maximum
      Rate”
has
      the
      meaning assigned to such term in Section 10.13. 

     

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

     

    “Mortgage”
means
      each mortgage, deed of trust or any other document creating and evidencing
      a
      Lien on Real Property, Pipelines and other Property in favor of the Secured
      Parties, which shall be in a form reasonably satisfactory to the Administrative
      Agent, as the same may be amended, modified, supplemented or restated from
      time
      to time in accordance with the Loan Documents. 

     

    “Mortgaged
      Property”
means
      all Real Property and Pipelines that are subject to a Mortgage. 

     

    “Multiemployer
      Plan”
means
      a
      multiemployer plan as defined in Section 4001(a)(3) of ERISA to which the Parent
      or any ERISA Affiliate makes or is obligated to make contributions.

     

    “New
      Funds Amount”
means,
      with respect to any Committed Amount Change Effective Date on which there are
      existing Loans outstanding and on which there is any Increased Ratable Portion
      Lender (including any New Lender), the amount by which such Increased Ratable
      Portion Lender’s outstanding Loans increase as a result of the assignment to
      such Lender from any one or more Reduced Ratable Portion Lenders of its Loans
      on
      such date (without regard to any such increase as a result of Borrowings made
      on
      such Committed Amount Change Effective Date).

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    “New
      Lender”
has
      the
      meaning assigned such term in Section 2.05(d). 

     

    “Non-Consenting
      Lender”
has
      the
      meaning assigned to such term in Section 2.05(c).

     

    “Non-Controlled
      Unrestricted Subsidiary”
means
      any Unrestricted Subsidiary that meets both of the following criteria: (a)
      the
      Parent does not own, directly or indirectly, securities or other ownership
      interests representing more than 50% of the ordinary voting power or, in the
      case of a partnership, more than 50% of the general partnership interests,
      of
      such Unrestricted Subsidiary, and (b) the Parent and/or one or more subsidiaries
      of the Parent do not Control such Unrestricted Subsidiary. 

     

    “Non-Recourse
      Obligations”
means
      Indebtedness, Guarantees and other obligations of any type as to which (a)
      neither the Borrower nor any other Borrower Party (except, as this defined
      term
      is used in Section 6.01(h), the applicable Restricted Subsidiary) (i) is
      obligated to provide credit support in any form or (ii) is directly or
      indirectly liable and (b) no default with respect to which (including any rights
      that the holders thereof may have to take enforcement action against an
      Unrestricted Subsidiary or Joint Venture) would permit (upon notice, lapse
      of
      time or both) any holder of any Indebtedness or Guarantees of the Borrower
      or
      any other Borrower Party (except, as this defined term is used in Section
      6.01(h), the applicable Restricted Subsidiary) to declare a default on such
      Indebtedness or Guarantees of the Borrower or any such other Borrower Party
      or
      cause the payment of any such Indebtedness to be accelerated or payable prior
      to
      its stated maturity or cause any such Guarantees to become payable, in the
      case
      of (a) and (b) above, except for obligations that arise solely as a result
      of
      such Person’s status as a general partner of a partnership. 

     

    “OFAC”
has
      the
      meaning assigned to such term in Section 3.24(b)(v).

     

    “Off-Balance
      Sheet Liabilities”
means,
      as to any Person, any repurchase obligation or liability of such Person with
      respect to accounts or notes receivable sold by such Person. 

     

    “Organic
      Growth”
means
      maintenance and other capital expenditures, including maintaining and expanding
      facilities, in each case other than pursuant to an Acquisition.

     

    “Organizational
      Documents”
means,
      with respect to any Person, (a) in the case of any corporation, the certificate
      of incorporation or bylaws (or similar documents) of such Person, (b) in the
      case of any limited liability company, the certificate of formation and
      operating agreement (or similar documents) of such person, (c) in the case
      of
      any limited partnership, the certificate of formation and limited partnership
      agreement (or similar documents) of such person, (d) in the case of any general
      partnership, the partnership agreement (or similar document) of such person
      and
      (e) in any other case, the functional equivalent of the foregoing. 

     

    “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 enforcement of, or otherwise with
      respect to, this Agreement.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    “Parent”
has
      the
      meaning specified in the introductory paragraph hereof.

     

    “Parent
      Obligations”
means
      the collective reference to (a) the Secured Obligations and (b) all obligations
      and liabilities of the Parent that may arise under or in connection with any
      Loan Document to which the Parent is a party, in each case whether on account
      of
      guarantee obligations, reimbursement obligations, loan obligations, fees,
      indemnities, costs, expenses or otherwise (including all fees and disbursements
      of counsel to any Lender under any Loan Document). 

     

    “Partially
      Consenting Lender”
has
      the
      meaning assigned to such term in Section 2.05(c).

     

    “Participant”
has
      the
      meaning assigned to such term in Section 10.04(b).

     

    “Partnership
      Agreement”
means
      the Fourth Amended and Restated Agreement of Limited Partnership of the Parent,
      as amended, dated as of June 9, 2005 by and between the General Partner and
      the
      limited partners party thereto.

     

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

     

    “Perfection
      Certificate”
means
      a
      Perfection Certificate substantially in the form of Exhibit F
      provided
      to the Administrative Agent that provides certain information with respect
      to
      the Borrower, the Parent, the General Partner and each Restricted Subsidiary;
      including information relating to its Property (including Real Property and
      Pipelines) as such certificate shall be supplemented from time to time.

     

    “Permitted
      Acquisition”
shall
      mean an Acquisition that meets the following conditions:

     

    (a)    such
      Acquisition shall not constitute or include an Acquisition that results in
      a
      Joint Venture or an Acquisition that is consummated through an Unrestricted
      Subsidiary;

     

    (b)    no
      Default or Event of Default then exists or would result therefrom;

     

    (c)    all
      representations and warranties contained in the Loan Documents shall be true
      and
      correct in all material respects immediately after giving effect to the
      consummation of such Acquisition;

     

    (d)    with
      respect to any Acquisition that constitutes a Substantial
      Transaction, if
      requested by the Administrative Agent, the Borrower shall have provided the
      Arrangers, the Administrative Agent and the Lenders with historical financial
      statements for the last three fiscal years of the Person or business to be
      acquired (audited if available) and unaudited financial statements thereof
      for
      the interim periods since the most recent annual financial statements that
      are
      available;

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    (e)    with
      respect to any Acquisition that constitutes a Substantial Transaction, (i)
      the
      Borrower shall have submitted to the Arrangers reasonably detailed financial
      projections of the Parent and the Subsidiaries and a calculation of Adjusted
      Consolidated EBITDA in each case taking into account such Substantial
      Transaction on a Pro Forma
      Basis
      for the most recent Test Period and for the period from the end of such Test
      Period through the later of (A) the date that is three years after the end
      of
      such Test Period or (B) the Maturity Date, (ii) the Arrangers shall have
      approved such financial projections and Adjusted Consolidated EBITDA
      calculation, (iii) the Administrative Agent shall have submitted such financial
      projections and Adjusted Consolidated EBITDA calculation to the Lenders and
      received approval of the Required Lenders (provided
      that (A)
      solely for purposes of this approval, any Lender that does not affirmatively
      state in writing that it will not approve such projections and calculation
      within five Business Days after submission to it by the Administrative Agent
      for
      approval will be deemed to have approved such projections and calculations
      and,
      for the avoidance of doubt, if an Arranger is also a Lender, the prior approval
      of such Arranger (in its capacity as a Lender) of such projections and
      calculation shall be included for purposes of determining Required Lender
      approval and (B) to the extent the approval required by either clause (ii)
      or
      (iii) above is not obtained, the Acquisition may be consummated if otherwise
      permitted by the Loan Documents; provided
      that
      such Acquisition shall not be accounted for hereunder on a Pro Forma
      Basis
      until such approvals are obtained (and, if commercially reasonable and requested
      by the Arrangers, the parties hereto will continue to cooperate to determine
      if
      such approvals can be obtained based on good faith adjustments to such
      projections or calculations)), and (iv) the Borrower shall have made and
      submitted to the Arrangers calculations with respect to the financial covenants
      contained in Section 6.15 for the respective Calculation Period on a
Pro Forma
      Basis as
      if the respective Acquisition (as well as the other Acquisitions theretofore
      consummated after the first day of such Calculation Period) had occurred on
      the
      first day of such Calculation Period, and such calculations shall show that
      such
      financial covenants would have been complied with if the Acquisition had
      occurred on the first day of such Calculation Period;

     

    (f)    
no
      Borrower Party shall, in connection with any such Acquisition, assume or remain
      liable with respect to any Indebtedness of the related seller or the business,
      person or properties acquired, except to the extent permitted under Section
      6.01;

     

    (g)    the
      Acquisition shall not cause the Borrower to be in violation of Section 6.03(b)
      and the applicable Property acquired in connection with any such Acquisition
      shall be made subject to the Lien of the Security Documents to the extent
      required by the Loan Documents and shall be free and clear of any Liens other
      than Liens permitted by Section 6.02;

     

    (h)    such
      Acquisition shall not be hostile;

     

    (i)    
such
      Acquisition shall be consummated in all material respects in accordance with
      all
      applicable Governmental Requirements;

     

    (j)
    with
      respect to any Acquisition that constitutes a Substantial
      Transaction, the
      Borrower shall have provided to the Administrative Agent, the Arrangers and
      the
      Lenders a reasonably detailed description of all customary due diligence
      information relating to any such Acquisition and all such information and data
      relating to such Acquisition as may be reasonably requested thereby;
      and

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    (k)    at
      least
      seven Business Days prior to the proposed date of consummation of an Acquisition
      that constitutes a Substantial Transaction, the Borrower shall have delivered
      to
      the Administrative Agent and the Lenders a certificate executed by a Responsible
      Officer certifying that (i) such Acquisition complies with this definition
      (including obtaining all approvals required by clause (e) above) and (ii) such
      transaction could not reasonably be expected to have an adverse effect on the
      Administrative Agent, any Issuing Bank, the Arrangers or the
      Lenders.

     

    “Permitted
      Encumbrances”
      means:

     

    (a)    Liens
      imposed by law for Taxes that are not yet due or are being contested in
      compliance with Section 5.04;

     

    (b)    carriers’,
      warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens
      imposed by law, arising in the ordinary course of business and securing
      obligations that are not overdue by more than sixty days or are being contested
      in compliance with Section 5.04;

     

    (c)    pledges
      and deposits made in the ordinary course of business in compliance with workers’
compensation, unemployment insurance and other social security laws or
      regulations;

     

    (d)    deposits
      to secure the performance of bids, trade contracts, leases, statutory
      obligations, surety and appeal bonds in an amount not to exceed $2,000,000,
      performance bonds and other obligations of a like nature, in each case in the
      ordinary course of business;

     

    (e)    judgment
      liens in respect of judgments that do not constitute an Event of Default under
      clause (k) of Article VII; 

     

    (f)    
easements,
      zoning restrictions, rights-of-way, restrictions and similar encumbrances on
      Real Property and Pipelines imposed by law or arising in the ordinary course
      of
      business that do not secure any monetary obligations and do not (i) materially
      detract from the value of (A) the Real Property and Pipelines that are part
      of
      the Borrower’s Business or (B) the Real Property and Pipelines, taken as a
      whole, owned by any Material Subsidiary, or (ii) interfere with the ordinary
      conduct of business of the Parent or any Subsidiary;

     

    (g)    Liens
      arising solely by virtue of any statutory or common law provision relating
      to
      bankers’ Liens, rights of set-off or similar rights and remedies and burdening
      only deposit accounts or other funds maintained with a creditor depository
      institution; and

     

    (h)    Liens
      described in Sections 6.02(c), 6.02(f), or 6.02(h).

     

    provided
      that the
      term “Permitted Encumbrances” shall not include any Lien securing Indebtedness
      for borrowed money.

     

    “Permitted
      Investments”
      means:

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    (a)    direct
      obligations of, or obligations the principal of and interest on which are
      unconditionally guaranteed by, the United States of America (or by any agency
      thereof to the extent such obligations are backed by the full faith and credit
      of the United States of America), in each case maturing within one year from
      the
      date of acquisition thereof;

     

    (b)    investments
      in commercial paper maturing within 270 days from the date of acquisition
      thereof and having, at such date of acquisition, the highest credit rating
      obtainable from S&P or from Moody’s;

     

    (c)    investments
      in certificates of deposit, banker’s acceptances and time deposits maturing
      within 180 days from the date of acquisition thereof issued or guaranteed by
      or
      placed with, and money market deposit accounts issued or offered by, any
      domestic office of any commercial bank organized under the laws of the United
      States of America or any State thereof which has a combined capital and surplus
      and undivided profits of not less than $500,000,000;

     

    (d)    fully
      collateralized repurchase agreements with a term of not more than 30 days for
      securities described in clause (a) above and entered into with a financial
      institution satisfying the criteria described in clause (c) above;
      and

     

    (e)    money
      market funds that (i) comply with the criteria set forth in Securities and
      Exchange Commission Rule 2a-7 under the Investment Company Act of 1940 (ii)
      are
      rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at
      least $5,000,000,000.

     

    “Permitted
      Joint Venture”
shall
      mean any Joint Venture (a) in which the other investors, participants and
      holders of Equity Interests therein participate on terms no more favorable
      than
      those applicable to the Parent and its Subsidiaries (other than due to their
      percentage ownership of Equity Interests therein or rights to operate the
      relevant Joint Venture (and, in both cases, rights incidental thereto)), (b)
      that is not a Borrower Party, that does not Control, or own directly or
      indirectly any Equity Interests in, any Borrower Party, (c) in which no Borrower
      Party shall be under any obligations to make Investments or incur Guarantees
      that would be in violation of this Agreement, (d) relating to which the Borrower
      shall have provided to the Administrative Agent and the Lenders a reasonably
      detailed description of all customary due diligence information relating to
      the
      Joint Venture and all such information and data relating to such Joint Venture
      as may be reasonably requested by the Administrative Agent or the Lenders,
      (e)
      after giving effect to which, no Default exists or would result therefrom,
      and
      (f) at least seven Business Days prior to the proposed date of Investment in
      the
      Joint Venture, the Borrower shall have delivered to the Administrative Agent
      and
      the Lenders a certificate executed by a Responsible Officer certifying that
      (i)
      the Joint Venture complies with this definition and (ii) such transaction could
      not reasonably be expected to have an adverse effect on the Administrative
      Agent, any Issuing Bank, the Arrangers or the Lenders.

     

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

     

    “Pipeline”
means
      gathering systems and pipelines, together with all contracts, Rights-of-Way,
      easements, servitudes, fixtures, equipment, improvements, permits, records
      and
      other real Property appertaining thereto. 

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    “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 Parent or any ERISA Affiliate contributes
      or
      has an obligation to contribute and 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.

     

    “Planned
      Reorganization”
means
      any transaction or series of transactions pursuant to which the General Partner
      contributes either or both of (a) its general partner interests in the Borrower
      to a Wholly Owned Subsidiary that is directly owned and Controlled by the Parent
      or (b) its general partner interests in any subsidiary of the Borrower to any
      Restricted Subsidiary. 

     

    “Principal
      Office”
has
      the
      meaning assigned to such term in Section 2.18(a).

     

    “Pro
      Forma Basis”
means,
      in connection with any calculation of compliance with any financial covenant
      or
      financial term, the calculation thereof after giving effect on a pro forma
      basis to
      (x) the incurrence of any Indebtedness (other than revolving Indebtedness,
      except to the extent same is incurred to refinance other outstanding
      Indebtedness or to finance an Acquisition or Divestiture that constitutes a
      Substantial Transaction) after the first day of the relevant Calculation Period
      or Test Period, as the case may be, as if such Indebtedness had been incurred
      (and the proceeds thereof applied) on the first day of such Test Period or
      Calculation Period, as the case may be, (y) the permanent repayment of any
      Indebtedness (other than revolving Indebtedness, except to the extent
      accompanied by a corresponding permanent commitment reduction) after the first
      day of the relevant Test Period or Calculation Period, as the case may be,
      as if
      such Indebtedness had been retired or repaid on the first day of such Test
      Period or Calculation Period, as the case may be, and (z) any Substantial
      Transaction then being consummated as well as any other Substantial Transaction
      if consummated after the first day of the relevant Test Period or Calculation
      Period, as the case may be, and on or prior to the date of the respective
      Substantial Transaction then being effected, with the following rules to apply
      in connection therewith:

     

    (i)    
with
      respect to such Substantial Transaction, all Indebtedness (x) (other than
      revolving Indebtedness, except to the extent same is incurred to refinance
      other
      outstanding Indebtedness or to finance Acquisitions) incurred or issued after
      the first day of the relevant Test Period or Calculation Period (whether
      incurred to finance an Acquisition, to refinance Indebtedness or otherwise)
      shall be deemed to have been incurred or issued (and the proceeds thereof
      applied) on the first day of such Test Period or Calculation Period, as the
      case
      may be, and remain outstanding through the date of determination and (y) (other
      than revolving Indebtedness, except to the extent accompanied by a corresponding
      permanent commitment reduction) permanently retired or redeemed after the first
      day of the relevant Test Period or Calculation Period shall be deemed to have
      been retired or redeemed on the first day of such Test Period or Calculation
      Period, as the case may be, and remain retired through the date of
      determination;

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    (ii)    with
      respect to such Substantial Transaction, all Indebtedness assumed to be
      outstanding pursuant to preceding clause (i) shall be deemed to have borne
      interest at (x) the rate applicable thereto, in the case of fixed rate
      indebtedness, or (y) the rates which would have been applicable thereto during
      the respective period when same was deemed outstanding, in the case of floating
      rate Indebtedness (although interest expense with respect to any Indebtedness
      for periods while same was actually outstanding during the respective period
      shall be calculated using the actual rates applicable thereto while same was
      actually outstanding); provided
      that all
      Indebtedness (whether actually outstanding or deemed outstanding) bearing
      interest at a floating rate of interest shall be tested on the basis of the
      rates applicable at the time the determination is made pursuant to said
      provisions; and

     

    (iii)   with
      respect to such Substantial Transaction, in making any determination of Adjusted
      Consolidated EBITDA, pro forma
      effect
      shall be given to any such Substantial Transaction if effected during the
      respective Calculation Period or Test Period as if same had occurred on the
      first day of the respective Calculation Period or Test Period, as the case
      may
      be, and taking into account factually supportable and identifiable cost savings
      and expenses which would otherwise be accounted for as an adjustment pursuant
      to
      Article 11 of Regulation S-X under the Securities Act, as if such cost savings
      or expenses were realized on the first day of the respective
      period.

     

    “Process
      Agent”
has
      the
      meaning assigned to such term in Section 10.09(d). 

     

    “Property”
means
      any right, title or interest in or to property or assets of any kind whatsoever,
      whether real, personal or mixed and whether tangible or intangible and including
      Equity Interests or other ownership interests of any Person and whether now
      in
      existence or owned or hereafter entered into or acquired.

     

    “Purchase
      Money Obligation”
means,
      for any Person, the obligations of such Person in respect of Indebtedness
      (including Capital Lease Obligations) incurred for the purpose of financing
      all
      or any part of the purchase price of any Property (including Equity Interests
      of
      any Person) or the cost of installation, construction or improvement of any
      Property and any refinancing thereof; provided
      that (a)
      such Indebtedness is incurred prior to, or contemporaneously with or within
      one
      year after such acquisition of such Property by such Person and (b) the amount
      of such Indebtedness does not exceed 100% of the cost of such acquisition,
      installation, construction or improvement, as the case may be, including related
      costs, fees and expenses.

     

    “Ratable
      Portion”
or
      (other than in the expression “equally and ratably”) “ratably” means, with
      respect to any Lender at any time of determination, the percentage obtained
      by
      dividing (a) the Committed Amount of such Lender at such time by (b) the
      aggregate Committed Amounts of all Lenders at such time (or, if such date of
      determination is after the Maturity Date, the percentage obtained by dividing
      the aggregate outstanding principal balance of the aggregate Revolving Credit
      Exposure owing to such Lender at such time by the aggregate principal balance
      of
      the aggregate Revolving Credit Exposures owing to all Lenders at such
      time).

     

    “Real
      Property”
means,
      collectively, all right, title and interest (including any leasehold, mineral
      or
      other estate) in and to any and all parcels of or interests in real Property
      owned, leased or operated by any person, whether by leased, license or other
      means, together with, in each case, all easements, hereditaments and
      appurtenances relating thereto, all improvements and appurtenant fixtures and
      equipment, all general intangibles and contract rights and other Property and
      rights incidental to the ownership, lease or operation thereof. Real Property
      does not include Pipelines. 

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    “Reduced
      Funds Amount”
means,
      with respect to any Committed Amount Change Effective Date on which there are
      existing Loans outstanding and on which there is any Reduced Ratable Portion
      Lender (including any Terminated Lender), the amount by which such Reduced
      Ratable Portion Lender’s outstanding Loans decrease as a result of the
      assignment by such Lender to any one or more Increased Ratable Portion Lenders
      of its Loans on such date (without regard to any Borrowings made on such
      Committed Amount Change Effective Date).

     

    “Reduced
      Ratable Portion Lender”
has
      the
      meaning assigned to such term in Section 2.05(d).

     

    “Register”
has
      the
      meaning set forth in Section 10.04(d). 

     

    “Regulation
      T”
means
      Regulation T of the Board as from time to time in effect and all official
      rulings and interpretations thereunder and thereof.

     

    “Regulation
      U”
means
      Regulation U of the Board as from time to time in effect and all official
      rulings and interpretations thereunder and thereof.

     

    “Regulation
      X”
means
      Regulation X of the Board as from time to time in effect and all official
      rulings and interpretations thereunder and thereof. 

     

    “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.

     

    “Remedial
      Work”
has
      the
      meaning assigned to such term in Section 5.09(a). 

     

    “Requested
      Increase”
has
      the
      meaning assigned to such term in Section 2.05(c).

     

    “Required
      Lenders”
means,
      at any time, Lenders having combined Revolving Credit Exposures and unused
      Committed Amounts representing at least sixty-six and two-thirds percent (662⁄3%)
      of the sum of the total combined Revolving Credit Exposures and unused Committed
      Amounts at such time.

     

    “Responsible
      Officer”
means,
      with respect to any Person, the Chief Executive Officer, the President, any
      Executive Officer, any Financial Officer or any Vice President of such Person.
      Unless otherwise indicated herein, each reference to a Responsible Officer
      herein shall mean a Responsible Officer of the Borrower. 

     

    “Restricted
      Payment”
means
      any dividend or other distribution (whether in cash, securities or other
      Property) with respect to any Equity Interest of the Borrower, the Parent or
      any
      Subsidiary, 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 such
      Equity Interest of the Borrower, the Parent or any Subsidiary or any option,
      warrant or other right to acquire any such Equity Interest of the Borrower,
      the
      Parent or any Subsidiary.

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    “Restricted
      Subsidiary”
means
      any Subsidiary other than an Unrestricted Subsidiary. Subject to the right
      to
      redesignate certain Restricted Subsidiaries as Unrestricted Subsidiaries in
      accordance with the definition of “Unrestricted Subsidiary,” all of the
      Subsidiaries as of the date hereof are Restricted Subsidiaries. Any Subsidiary
      designated as an Unrestricted Subsidiary may be redesignated as a Restricted
      Subsidiary with the consent of the Required Lenders; provided
      that,
      after giving effect to such redesignation, (a) no Default or Event of Default
      shall have occurred and be continuing and (b) the Parent and the Borrower shall
      be in pro forma
      compliance with Section 6.15. 

     

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

     

    “Rights-of-Way”
means
      any and all rights-of-way, easements, permits, licenses, franchises or other
      rights of ingress and egress. 

     

    “S&P”
means
      Standard & Poor’s Ratings Group, a division of The McGraw-Hill Companies,
      Inc. or any successor ratings organization.

     

    “Sandhill
      Joint Venture”
means
      Sandhill Group, LLC, a Mississippi limited liability company.

     

    “SEC”
means
      the Securities and Exchange Commission or any successor Governmental
      Authority.

     

    “Secured
      Hedging Agreement”
means
      each Hedging Agreement between any Borrower Party and any Person that was a
      Lender or an Affiliate of a Lender at the time it entered into such Hedging
      Agreement.

     

    "Secured
      Obligations"
      shall
      mean, collectively, all Indebtedness, liabilities and obligations of the
      Borrower and each Guarantor to the Administrative Agent, each Issuing Bank,
      the
      Lenders and each Affiliate of a Lender party to a Secured Hedging Agreement,
      of
      whatsoever nature and howsoever evidenced, due or to become due, now existing
      or
      hereafter arising, whether direct or indirect, absolute or contingent, which
      may
      arise under, out of, or in connection with this Agreement, the other Loan
      Documents, each Secured Hedging Agreement (to the extent that the Secured
      Obligations arise under, out of, or in connection with such Secured Hedging
      Agreement during such time as the Lender party to such Secured Hedging Agreement
      is a party to this Agreement, or in the case of an Affiliate of a Lender party
      to such Secured Hedging Agreement, the Lender affiliated with such Affiliate,
      is
      a party to this Agreement) and all other agreements, guarantees, notes and
      other
      documents entered into by any party in connection therewith, and any amendment,
      restatement or modification of any of the foregoing, including, but not limited
      to, the full and punctual payment when due of any unpaid principal of the Loans
      and LC Exposure, any amounts payable in respect of an early termination under
      any Secured Hedging Agreement, interest (including, without limitation, interest
      accruing at any post-default rate and interest accruing after the filing of
      any
      petition in bankruptcy, or the commencement of any insolvency, reorganization
      or
      like proceeding, whether or not a claim for post-filing or post-petition
      interest is allowed in such proceeding), fees, reimbursement obligations,
      guaranty obligations, penalties, indemnities, legal and other fees, charges
      and
      expenses, and amounts advanced by any Secured Party, including all out of pocket
      expenses incurred in order to preserve any collateral or security interest,
      whether after acceleration or otherwise.

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    "Secured
      Parties"
      means,
      collectively, the Administrative Agent, the Issuing Banks, the Lenders and
      any
      Affiliate of any Lender that is a party to a Secured Hedging
      Agreement.

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended from time to time, and any successor
      statute.

     

    “Security
      Documents”
means,
      collectively, this Agreement (as it pertains to the Guarantee of the Secured
      Obligations by the Parent herein), the Guarantee and Collateral Agreement,
      the
      Perfection Certificate, the General Partner Pledge Agreement, the Control
      Agreements, the Mortgages and any and all other agreements, documents,
      instruments or certificates executed by the General Partner or any Borrower
      Party or any of their respective officers at any time in connection with
      securing the obligations under the Loan Documents, as such agreements may be
      amended, modified, supplemented or restated from time to time. 

     

    “Statutory
      Reserve Rate”
means
      a
      fraction (expressed as a decimal), the numerator of which is the number one
      and
      the denominator of which is the number one minus the aggregate of the maximum
      reserve percentages (including any marginal, special, emergency or supplemental
      reserves) expressed as a decimal established by the Board to which the
      Administrative Agent is subject with respect to the Adjusted LIBOR Rate for
      eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in
      Regulation D of the Board). Such reserve percentages shall include those imposed
      pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute
      eurocurrency funding and to be subject to such reserve requirements without
      benefit of or credit for proration, exemptions or offsets that may be available
      from time to time to any Lender under such Regulation D or any comparable
      regulation. The Statutory Reserve Rate shall be adjusted automatically on and
      as
      of the effective date of any change in any reserve percentage.

     

    “subsidiary”
means,
      with respect to any Person (the “parent”), at any date, any corporation, limited
      liability company, partnership, association or other entity the accounts of
      which would be consolidated with those of the parent in the parent’s
      consolidated financial statements if such financial statements were prepared
      in
      accordance with GAAP as of such date, as well as any other corporation, limited
      liability company, partnership, association or other entity (a) 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, or (b) that is, as of such date, otherwise Controlled by
      the
      parent and/or one or more subsidiaries of the parent. 

     

    “Subsidiary”
means
      any subsidiary of the Parent (including the Borrower).

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    “Substantial
      Transaction”
means
      any Permitted Acquisition or Divestiture in respect of which the aggregate
      Acquisition Consideration (or, in the case of a Divestiture, the consideration
      paid by the purchaser if calculated in the same manner as the definition of
      Acquisition Consideration) is in excess of $5,000,000.

     

    “Syndication
      Agent”
means
      Deutsche Bank Securities Inc.

     

    “T&P
      Syngas Joint Venture”
means
      T&P Syngas Supply Company, a Delaware general partnership. 

     

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

     

    “Terminated
      Lender”
has
      the
      meaning assigned such term in Section 2.05(d). 

     

    “Test
      Period”
means
      each period of four consecutive fiscal quarters of the Borrower then last ended,
      in each case taken as one accounting period. 

     

    “Transactions”
means
      the execution, delivery and performance by the Borrower and the Parent of this
      Agreement, the borrowing of Loans, the use of the proceeds thereof (including
      to
      refinance loans under the Existing Credit Agreement) and the issuance of Letters
      of Credit hereunder, and the execution, delivery and performance of the other
      Loan Documents by the Borrower Parties.

     

    “Transferee”
has
      the
      meaning assigned to such term in Section 10.04(f). 

     

    “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 Adjusted LIBOR Rate or the Alternate Base Rate.

     

    “Units”
means
      the units of limited partnership interests in the Parent.

     

    “Unrestricted
      Subsidiary”
means
      any Subsidiary (a) that becomes a Subsidiary after the date hereof and, at
      the
      time it becomes a Subsidiary, is designated as an Unrestricted Subsidiary,
      in
      each case pursuant to a written notice from the Borrower to the Administrative
      Agent, (b) which has not acquired any assets (other than cash made available
      pursuant to this Agreement) from the Borrower or any Restricted Subsidiary,
      and
      (c) that has no Indebtedness, Guarantee obligations or other obligations other
      than Non-Recourse Obligations, except as expressly permitted pursuant to
      Sections 5.13(c) and 6.04(g)(i). Any Restricted Subsidiary may be redesignated
      as an Unrestricted Subsidiary with the consent of the Required Lenders;
provided
      that,
      after giving effect to such redesignation, (i) no Default or Event of Default
      shall have occurred and be continuing and (ii) the Borrower shall be in
pro forma
      compliance with Section 6.15. 

     

    “Unused
      Fee(s) on Committed Amount”
has
      the
      meaning assigned to such term in the definition of Applicable
      Margin.

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

    “Wholly
      Owned Subsidiary”
means
      any Restricted Subsidiary, all of the Equity Interests of which (other than
      the
      director’s qualifying shares, as may be required by law) are owned by the
      Parent, either directly or indirectly through one or more Wholly Owned
      Subsidiaries of the Parent. 

     

    “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 Type
      (e.g.,
      a
“Eurodollar Loan”). Borrowings also may be classified and referred to by Type
      (e.g.,
      a
“Eurodollar 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, unless
      otherwise stated, be construed to refer to Articles and Sections of, and
      Exhibits and Schedules to, this Agreement and e)
      the word
“asset” shall be construed to have the same meaning as the defined term
“Property” set forth herein.

     

    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 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
      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.

     

    ARTICLE
      II

    THE
      CREDITS

    

    SECTION
      2.01    Commitments.
      Subject
      to the terms and conditions set forth herein, each Lender agrees to make Loans
      to the Borrower from time to time during the Availability Period in an aggregate
      principal amount that will not result in such Lender’s Revolving Credit Exposure
      exceeding such Lender’s Committed Amount; provided,
      however, that at no time shall any Lender be obligated to make Loans in an
      aggregate principal amount in excess of such Lender’s Ratable Portion of the
      Available Amount at such time. Within the foregoing limits and subject to the
      terms and conditions set forth herein, the Borrower may borrow, prepay and
      reborrow Loans.

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

    SECTION
      2.02    Loans
      and Borrowings.

     

    (a)    Each
      Loan
      shall be made as part of a Borrowing consisting of Loans made by the Lenders
      ratably in accordance with their respective Committed Amounts. 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
      Committed Amounts 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 Lender at its option may make any Eurodollar 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 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
      $300,000 and not less than $2,000,000. At the time that each ABR Revolving
      Borrowing is made, such Borrowing shall be in an aggregate amount that is an
      integral multiple of $100,000 and not less than $500,000; provided
      that an
      ABR Revolving Borrowing may be in an aggregate amount that is equal to the
      entire unused balance of the aggregate Committed Amount or that is required
      to
      finance the reimbursement of an LC Disbursement as contemplated by Section
      2.06(e). Borrowings of more than one Type may be outstanding at the same time;
      provided
      that
      there shall not at any time be more than a total of six Eurodollar Revolving
      Borrowings outstanding. 

     

    (d)    Notwithstanding
      any other provision of this Agreement, the Borrower shall not 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 shall notify the Administrative
      Agent of such request by telephone f)
      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 g)
      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. 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:

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

    (i)
    the
      aggregate amount of the requested Borrowing;

     

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

     

    (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)    the
      location and number of the Borrower’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 shall be deemed to have selected an Interest Period of one month’s
      duration. Each Borrowing Request shall constitute a representation that the
      amount of the Borrowing requested thereunder will not cause the sum of the
      total
      Revolving Credit Exposures to exceed the Available Amount. Promptly following
      receipt of a Borrowing Request in accordance with this Section 2.03, 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    Borrowing
      Base.

     

    (a)    Initial
      Borrowing Base.
      On the
      Effective Date, the Borrower shall deliver a certificate setting forth the
      initial Borrowing Base, which shall (subject to Section 2.04(c)), be the
      Borrowing Base for the period from and including the Effective Date to but
      excluding the Business Day following the first delivery by the Borrower of
      a
      Borrowing Base Certification. 

     

    (b)    Redetermination
      of Borrowing Base.
      Upon
      the Borrower delivering a Borrowing Base Certification to the Administrative
      Agent and the Lenders, the Borrowing Base set forth therein will become
      effective and applicable to the Borrower.

     

    (c)    Material
      Acquisitions.
      Prior
      to the consummation of a Material Acquisition but after approval of the Required
      Lenders is received pursuant to clause (e) of the definition of Permitted
      Acquisition with respect to Adjusted Consolidated EBITDA, the Borrower may,
      by
      delivery of a Borrowing Base Multiple Increase Notice to the Administrative
      Agent and the Lenders, increase the then effective Borrowing Base as described
      in the proviso to the definition of Borrowing Base effective on the date of
      the
      consummation of such Material Acquisition, but only if such Material Acquisition
      is actually consummated. The increased Borrowing Base will be effective during
      the Borrowing Base Multiple Increase Period relating to the applicable Material
      Acquisition. If, during any Borrowing Base Multiple Increase Period, the
      Borrower consummates another Material Acquisition, then upon compliance with
      the
      procedure described in the first sentence of this subsection (c), the Borrowing
      Base Multiple Increase Period shall become such period relating to such
      additional Material Acquisition. The amount of the Borrowing Base shall, on
      the
      last day of the then-applicable Borrowing Base Multiple Increase Period,
      automatically revert to the amount thereof as calculated based on the multiple
      described in clause (a) of the definition of Borrowing Base.

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

    SECTION
      2.05    Committed
      Amount.

     

    (a)    Initial
      Committed Amount; General Provisions.
      On the
      Effective Date, the aggregate Committed Amounts shall be $125,000,000. The
      aggregate Committed Amounts shall at all times be in a minimum amount and an
      integral multiple of $5,000,000. Any decrease or increase (other than
      termination thereof pursuant to Section 2.09) of the aggregate Committed Amounts
      may only be made in accordance with Section 2.05(b) and Section 2.05(c),
      respectively, and each such change shall remain in effect from the applicable
      Committed Amount Change Effective Date, to but excluding the next successive
      Committed Amount Change Effective Date.

     

    (b)    Decreases
      of Committed Amount.
      The
      Borrower may decrease the aggregate Committed Amounts by delivering to the
      Administrative Agent a Committed Amount Change Certificate electing a decrease
      of the aggregate Committed Amounts. Any such decrease in the aggregate Committed
      Amounts shall be effective from the third Business Day after receipt of the
      applicable Committed Amount Change Certificate by the Administrative Agent
      as
      provided above, unless such Committed Amount Change Certificate requests such
      decrease to become effective on a later date, not to exceed ten Business Days
      after receipt thereof by the Administrative Agent. Any such decrease in the
      aggregate Committed Amounts shall be applied to each Lender’s Committed Amount
      pro rata. The Administrative Agent shall deliver to each Lender a copy of such
      Committed Amount Change Certificate together with a schedule showing each
      Lender’s Ratable Portion of the decrease to the aggregate Committed Amounts.

     

    (c)    Increases
      of Committed Amount.
      The
      Borrower shall be permitted to request an increase in the aggregate Committed
      Amount on up to two occasions during any fiscal quarter, including (i) once
      at
      any time selected by the Borrower and (ii) once upon the consummation of any
      Substantial Transaction that is not prohibited by this Agreement, in each case
      (A) no later than sixty days prior to the Maturity Date, (B) so long as no
      Default or Event of Default has occurred and is continuing and (C) by delivery
      of a Committed Amount Change Certificate to the Administrative Agent setting
      forth:

     

    (i)    
the
      amount of such requested increase to the aggregate Committed Amounts,
provided
      that
      such increase shall not cause the aggregate Committed Amounts to exceed the
      aggregate Maximum Amounts; and

     

    (ii)    the
      proposed effective date of such increase, which date shall be twenty Business
      Days after the date of receipt by the Administrative Agent of the applicable
      Committed Amount Change Certificate. 

     

    
      
        
        

      

      
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    The
      amount of any increase to the aggregate Committed Amounts shall be an integral
      multiple of $25,000,000, or such other amount as would cause the aggregate
      Committed Amounts after giving effect to such increase to be equal to the
      aggregate Maximum Amounts. In the case of a Committed Amount Change Certificate
      that reflects a requested increase in the aggregate Committed Amounts, the
      Administrative Agent shall deliver to each Lender a copy of such Committed
      Amount Change Certificate together with a schedule showing each such Lender’s
      Ratable Portion of the requested increase to the aggregate Committed Amounts
      (for each such Lender, its “Requested
      Increase”).
      After
      receipt of such Committed Amount Change Certificate and accompanying schedule,
      each Lender shall determine, in its sole discretion, whether to elect not to
      increase its Committed Amount or to consent to increase its Committed Amount
      by
      an amount up to its Requested Increase, or elect to offer to increase its
      Committed Amount to an amount in excess of its Requested Increase with such
      offer to be considered in the event there are any one or more Non-Consenting
      Lenders or Partially Consenting Lenders, and shall communicate such decision
      in
      writing to the Administrative Agent on or before the fourth Business Day prior
      to the Committed Amount Change Effective Date. Each Lender not communicating
      such decision within such time shall be deemed to have elected not to consent
      to
      any increase of its Committed Amount. Each Lender that elects (or is deemed
      to
      have elected) not to consent to an increase of its Committed Amount shall be
      referred to herein individually as a “Non-Consenting
      Lender”
and
      collectively as the “Non-Consenting
      Lenders.”
Each
      Lender that elects to consent to an increase of its Committed Amount by an
      amount less than the Requested Increase shall be referred to herein individually
      as a “Partially
      Consenting Lender”
and
      collectively as the “Partially
      Consenting Lenders”.
      Any
      Lender electing to consent to an increase of its Committed Amount by an amount
      equal to the Requested Increase shall be referred to herein individually as
      a
“Consenting
      Lender”
and
      collectively as the “Consenting
      Lenders”.
      Any
      Lender electing to consent to an increase of its Committed Amount by an amount
      equal to the Requested Increase and offering to increase its Committed Amount
      in
      excess of the Requested Increase shall be referred to herein individually as
      an
“Additional
      Amount Lender”
and
      collectively as the “Additional
      Amount Lenders”.
      

     

    (d)    Effect
      of Non-Consent.
      If, in
      connection with any request by the Borrower to increase the aggregate Committed
      Amount pursuant to Section 2.05(c), there are any Non-Consenting Lenders or
      Partially Consenting Lenders, then the Borrower may elect in its sole discretion
      to do any of the following: (i)
      in
      consultation with the Arrangers, identify one or more Additional Amount Lenders
      or Persons that are not currently Lenders, but that are willing to become
      Lenders hereunder (each such Person not currently a Lender, together with each
      other Person not currently a Lender, that is willing to become a Lender
      hereunder by taking assignment of Committed Amounts pursuant to clause (iii)
      below, a “New
      Lender”
and
      each such New Lender, together with each Additional Amount Lender, each an
      “Increased
      Ratable Portion Lender”)
      each
      of which shall have consented to the amount of such increase, (ii)
      agree to
      such Non-Consenting Lender’s existing Committed Amount or to a Partially
      Consenting Lender’s increased Committed Amount (to the extent approved by such
      Lender), or (iii)
      cause
      any such Non-Consenting Lender or Partially Consenting Lender to assign its
      Committed Amount and outstanding Loans (if any) in full pursuant to the
      procedures set forth in Section 2.19 (each, a “Terminated
      Lender”
and
      each such Terminated Lender, together with each Non-Consenting Lender and
      Partially Consenting Lender, each a “Reduced
      Ratable Portion Lender”).
      The
      Borrower shall specify such election by delivery of a Committed Amount Increase
      Confirmation to the Administrative Agent no later than four Business Days prior
      to the Committed Amount Change Effective Date, which shall set forth the
      identity of each Consenting Lender, Increased Ratable Portion Lender, Reduced
      Ratable Portion Lender, and Terminated Lender and, after giving effect to the
      increase, the Committed Amount for each such Lender.

     

    
      
        
        

      

      
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    (e)    Increased
      Committed Amount Documentation.
      On or
      before each Committed Amount Change Effective Date:

     

    (i)    
each
      of
      the Administrative Agent and each Issuing Bank shall have consented to each
      New
      Lender becoming a Lender;

     

    (ii)   the
      Borrower and each Consenting Lender, Increased Ratable Portion Lender, Reduced
      Ratable Portion Lender and Terminated Lender shall execute and deliver to the
      Administrative Agent for its acceptance as to form documentation embodying
      the
      provisions of the Committed Amount Increase Confirmation relating to the changes
      in the amount of each Lender’s Committed Amount and Loans, if any, to be
      effected on such Committed Amount Change Effective Date; 

     

    (iii)   upon
      acceptance of such documentation by the Administrative Agent on or before the
      Committed Amount Change Effective Date, and so long as no Default or Event
      of
      Default has occurred and is continuing, (1)
      the
      Administrative Agent shall give prompt notice of such acceptance to each Lender,
      (2)
      such
      acceptance shall become effective, and each Lender or New Lender’s Committed
      Amount shall be adjusted to the amount specified therein, on such Committed
      Amount Change Effective Date pursuant to this Section 2.05, Section 2.19 and
      Section 10.04; and

     

    (iv)   the
      Borrower shall, by wire transfer of immediately available funds, pay to the
      Administrative Agent for the account of each Lender (including each New Lender)
      the Committed Amount Increase Fee owing to such Lender, if any.

     

    (f)    
Funding.
      On each
      Committed Amount Change Effective Date on which the aggregate Committed Amounts
      are increased and in the event there are any Increased Ratable Portion
      Lenders:

     

    (i)    
If,
      on
      such date, there are any Loans outstanding, (3)
      each
      Increased Ratable Portion Lender shall, by wire transfer of immediately
      available funds, deliver to the Administrative Agent such Increased Ratable
      Portion Lender’s New Funds Amount as of the applicable Committed Amount Change
      Effective Date, which amount, for each such Increased Ratable Portion Lender,
      shall constitute Loans made by such Increased Ratable Portion Lender to the
      Borrower pursuant to Section 2.02 on such Committed Amount Effective Date,
      and
(4)
      the
      Administrative Agent shall, by wire transfer of immediately available funds,
      pay
      to each Reduced Ratable Portion Lender its Reduced Funds Amount for such
      Committed Amount Change Effective Date, which amount for each such Reduced
      Ratable Portion Lender shall constitute a prepayment by the Borrower pursuant
      to
      Section 2.11, ratably in accordance with the respective principal amounts
      thereof, of the principal amounts of all then outstanding Loans of such Reduced
      Ratable Portion Lender together with all amounts owing to such Lender pursuant
      to Section 2.16; and

     

    
      
        
        

      

      
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    (ii)    If,
      on
      such date, any LC Exposure (including any Letter of Credit) is outstanding,
      each
      then Increased Ratable Portion Lender shall be deemed to have purchased and
      had
      transferred to it and each Reduced Ratable Portion Lender, shall be deemed
      to
      have sold and transferred to each such Increased Ratable Portion Lender, such
      undivided interest and participation in such Reduced Ratable Portion Lender’s
      interest and participation in all then outstanding LC Exposure (including
      Letters of Credit), to the extent necessary so that such undivided interests
      and
      participations of all Lenders (including each New Lender) shall accord with
      their respective Ratable Portions after giving effect to the increase in the
      aggregate Committed Amounts on such Committed Amount Change Effective
      Date.

     

    (g)    Maximum
      Amount Reallocation.
      After
      giving effect to any increase in the aggregate Committed Amounts, the unused
      Maximum Amount allocated to each Lender shall be such Lender’s Ratable Portion
      of the aggregate unused Maximum Amounts immediately after giving effect to
      such
      increase in the aggregate Committed Amounts (including all assignments among
      Lenders in connection therewith).

     

    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 from any Issuing Bank pursuant
      to a Letter of Credit Request, at any time and from time to time during the
      Availability Period (subject to Section 2.06(c)). In the event of any
      inconsistency between the terms and conditions of this Agreement or the Letter
      of Credit Request, on the one hand, 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, an Issuing Bank relating to any Letter of
      Credit, on the other hand, the terms and conditions of this Agreement and the
      Letter of Credit Request shall control.

     

    (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 any Issuing Bank and the
      Administrative Agent (reasonably 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 an Issuing Bank, the Borrower also shall submit
      a
      letter of credit application on such 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 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 $50,000,000 and (ii) the sum
      of
      the total Revolving Credit Exposures shall not exceed the Available
      Amount.

     

    
      
        
        

      

      
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    (c)    Expiration
      Date.
      Each
      Letter of Credit shall expire at or prior to the close of business on the date
      requested (which shall be a Business Day), which shall not be later than 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.

     

    (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 that issues such Letter of Credit or the Lenders, each Issuing Bank that
      issues a Letter of Credit hereunder hereby grants to each Lender, and each
      Lender hereby acquires from such Issuing Bank, a participation in such Letter
      of
      Credit equal to such Lender’s Ratable Portion 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 each Issuing Bank that issues
      a
      Letter of Credit hereunder, such Lender’s Ratable Portion of each LC
      Disbursement made by such 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 Committed Amounts
      or
      Maximum Amounts, and that each such payment shall be made without any offset,
      abatement, withholding or reduction whatsoever. At least once per quarter,
      the
      Administrative Agent shall provide each Lender with a schedule showing the
      amount of such Lender’s participations in outstanding Letters of Credit;
provided,
      that
      the Administrative Agent shall have no liability for any failure to comply
      with
      this provision.

     

    (e)    Reimbursement.
      If any
      Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit
      issued by such Issuing Bank, 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 (i) the Business Day
      that
      the Borrower receives such notice, if such notice is received prior to 10:00
      a.m., New York City time, on the day of receipt, or (ii) the Business Day
      immediately following the day that the Borrower receives such notice, if such
      notice is not received prior to such time on the day of receipt; provided
      that the
      Borrower may, subject to the conditions to borrowing set forth herein, request
      in accordance with Section 2.03 that such payment be financed with an ABR
      Revolving Borrowing 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. If the Borrower fails to make such
      payment when due, 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 Ratable Portion thereof. Promptly following receipt of
      such notice, each Lender shall pay to the Administrative Agent its Ratable
      Portion 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 that issued such Letter of Credit 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 that issued such Letter of Credit or, to the extent that Lenders have
      made
      payments pursuant to this paragraph to reimburse such Issuing Bank, then to
      such
      Lenders and such Issuing Bank as their interests may appear. Any payment made
      by
      a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC
      Disbursement (other than the funding of ABR Loans as contemplated above) shall
      not constitute a Loan and shall not relieve the Borrower of its obligation
      to
      reimburse such LC Disbursement.

     

    
      
        
        

      

      
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    (f)    
Obligations
      Absolute.
      The
      Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (e)
      of this Section shall be absolute, 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 any 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 any 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 any Issuing Bank; provided
      that the
      foregoing shall not be construed to excuse any 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 Governmental Requirements) suffered by the
      Borrower that are caused by such 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 wilful misconduct on the part of an
      Issuing Bank (as finally determined by a court of competent jurisdiction),
      such
      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 that issued such Letter of Credit 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.
      Each
      Issuing Bank shall, promptly following its receipt thereof, examine all
      documents purporting to represent a demand for payment under a Letter of Credit.
      Such Issuing Bank shall promptly notify the Administrative Agent and the
      Borrower by telephone (confirmed by telecopy) of such demand for payment and
      whether such 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 such Issuing Bank and the Lenders with respect
      to
      any such LC Disbursement.

     

    
      
        
        

      

      
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    (h)    Interim
      Interest.
      If any
      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 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(d) shall apply. Interest
      accrued pursuant to this paragraph shall be for the account of such 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 such Issuing
      Bank
      shall be for the account of such Lender to the extent of such
      payment.

     

    (i)    
Replacement
      of an Issuing Bank.
      Any
      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 an 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 replaced
      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, or to the extent required by
      Section 2.11(c), the Borrower shall, within two Business Days, deposit in an
      account with the Administrative Agent, in the name of the Administrative Agent
      and for the benefit of the Secured Parties, 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. The
      Borrower hereby grants to the Administrative Agent, for the benefit of the
      Secured Parties, a security interest in such account and cash collateral. Such
      deposit shall be held by the Administrative Agent as collateral for the payment
      and performance of the obligations of the Borrower 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
      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 each Issuing
      Bank for LC Disbursements for which it has not been reimbursed and, to the
      extent not so applied, shall be held for the satisfaction of the reimbursement
      obligations of the Borrower for the LC Exposure at such time or, if the maturity
      of the Loans has been accelerated, be applied to satisfy other obligations
      of
      the Borrower 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.

     

    
      
        
        

      

      
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    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 2:00 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. The Administrative Agent will
      make such Loans available to the Borrower by promptly crediting the amounts
      so
      received, in like funds, to an account of the Borrower maintained with the
      Administrative Agent in New York City and designated by the Borrower in the
      applicable Borrowing Request; provided
      that ABR
      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 that made such LC Disbursement.

     

    (b)    Unless
      the Administrative Agent shall have received notice from a Lender prior to
      the
      proposed 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 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 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 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, the interest rate applicable to ABR Loans. 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 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.
      The Borrower 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 such Borrowing, and
      the
      Loans comprising each such portion shall be considered a separate
      Borrowing.

     

    
      
        
        

      

      
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    (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 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 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 shall be deemed to have selected
      an Interest Period of one month’s duration.

     

    (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.

     

    
      
        
        

      

      
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    SECTION
      2.09    Termination
      and Reduction of Committed Amounts and Maximum Amounts.

     

    (a)    Unless
      previously terminated, each Committed Amount and Maximum Amount shall terminate
      on the Maturity Date.

     

    (b)    The
      Borrower may at any time terminate in full the aggregate Committed Amounts
      and
      Maximum Amounts. The Borrower may reduce the aggregate Committed Amounts from
      time to time pursuant to Section 2.05(b), provided
      that the
      Borrower shall not terminate or reduce the aggregate Committed Amounts if,
      after
      giving effect to any concurrent prepayment of the Loans in accordance with
      Section 2.11, the sum of the Revolving Credit Exposures would exceed the
      aggregate Committed Amounts.

     

    (c)    The
      Borrower shall notify the Administrative Agent of any election to terminate
      all
      Committed Amounts or Maximum Amounts at least three Business Days prior to
      the
      effective date of such termination, 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 Committed Amounts and Maximum Amounts 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 of the
      aggregate Committed Amounts and Maximum Amount shall be permanent.

     

    SECTION
      2.10    Repayment
      of Loans; Evidence of Debt.

     

    (a)    The
      Borrower hereby unconditionally promises to pay to the Administrative Agent
      for
      the account of each Lender the then unpaid principal amount of each Loan on
      the
      Maturity Date.

     

    (b)    Each
      Lender shall maintain in accordance with its usual practice an account or
      accounts evidencing the indebtedness of the Borrower 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, the 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 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
      to repay the Loans in accordance with the terms of this Agreement.

     

    
      
        
        

      

      
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    (e)    Any
      Lender may request that Loans made by it be evidenced by a promissory note.
      In
      such event, the Borrower shall 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 in a form approved by the
      Administrative Agent. Thereafter, the Loans evidenced by such promissory note
      and interest thereon shall at all times (including after an increase or
      reduction in such Lender’s Committed Amount pursuant to an assignment made
      pursuant to Section 10.04) 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 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 shall notify the Administrative Agent 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
      or (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. 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; provided
      that, if
      a notice of prepayment is given in connection with a conditional notice of
      termination of the Committed Amounts or Maximum Amounts 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 would be permitted in
      the
      case of an advance of a Revolving Borrowing of the same Type as provided in
      Section 2.02. 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 break funding
      payments required by Section 2.16(a).

     

    (c)    If,
      at
      any time, the total Revolving Credit Exposure outstanding at such time exceeds
      the Available Amount, then the Borrower shall prepay the Loans to the extent
      of
      such excess on the date such excess first occurs and, if such prepayment does
      not result in such excess being $0 because of outstanding Letters of Credit,
      then the Borrower shall cash collateralize such Letters of Credit pursuant
      to
      Section 2.06(j) to the extent of such remaining excess. 

     

    SECTION
      2.12    Fees.

     

    
      
        
        

      

      
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    (a)    The
      Borrower agrees to pay to the Administrative Agent for the account of each
      Lender a commitment fee which shall accrue at an annual rate equal to the
      applicable Unused Fee on Committed Amount, on the daily amount of such Lender’s
      unused Committed Amount during the period from and including the Effective
      Date
      to but excluding the date on which its Committed Amount terminates; provided
      that, if
      such Lender continues to have any Revolving Credit Exposure (other than
      un-reimbursed LC Disbursements) after its Commitment terminates, then such
      commitment fee shall continue to accrue on the daily amount of such Lender’s
      Revolving Credit Exposure (other than un-reimbursed LC Disbursements) from
      and
      including the date on which its Commitment terminates to but excluding the
      date
      on which such Lender ceases to have any Revolving Credit Exposure (other than
      un-reimbursed LC Disbursements). Accrued Unused Fees on Committed Amounts 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 aggregate Committed Amounts terminate,
      commencing on the first such date to occur after the date hereof, 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 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 Margin used to determine the interest rate applicable to
      Eurodollar Loans on the average daily amount of such Lender’s LC Exposure
      (excluding any portion thereof attributable to unreimbursed LC Disbursements)
      during the period from and including the Effective Date to but excluding the
      later of the date on which such Lender’s Committed Amount terminates and the
      date on which such Lender ceases to have any LC Exposure, and (ii)
      to each
      Issuing Bank a fronting fee, which shall accrue at the rate of 0.125% per annum
      on the average daily amount of that portion of the LC Exposure attributable
      to
      such Issuing Bank (excluding any portion thereof attributable to unreimbursed
      LC
      Disbursements) during the period from and including the Effective Date to but
      excluding the later of the date of termination of the Committed Amounts and
      the
      date on which there ceases to be any LC Exposure attributable to such Issuing
      Bank, as well as such Issuing Bank’s standard fees with respect to the issuance,
      amendment, renewal or extension of any Letter of Credit 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 on the third Business Day following such last day, 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 Committed Amounts terminate
      and any such fees accruing after the date on which the Committed Amounts
      terminate shall be payable on demand. Any other fees payable to an 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)    The
      Borrower agrees to pay the Committed Amount Increase Fees as, when and in the
      amounts due as required by Section 2.05. 

     

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

     

    
      
        
        

      

      
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    SECTION
      2.13    Interest.

     

    (a)    The
      Loans
      comprising each ABR Borrowing shall bear interest at the Alternate Base Rate
      plus the Applicable Margin.

     

    (b)    The
      Loans
      comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBOR
      Rate for the Interest Period in effect for such Borrowing plus the Applicable
      Margin.

     

    (c)    Notwithstanding
      the foregoing, if any principal of or interest on any Loan or any fee or other
      amount payable by the Borrower 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 upon termination of the Committed Amounts; 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 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 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 hereunder shall be computed on the basis of a year of 360 days, except
      that interest computed by reference to the Alternate Base Rate at times when
      the
      Alternate Base Rate is based on the Prime Rate 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, Adjusted LIBOR
      Rate
      or LIBOR Rate shall be determined by the Administrative Agent, and such
      determination shall be conclusive absent manifest error.

     

    (f)    
In
      the
      event that any financial statements delivered pursuant to this Agreement, or
      any
      certificate delivered pursuant to Section 5.01(d), is shown to be inaccurate
      (regardless of whether this Agreement or the Committed Amounts are in effect
      when such inaccuracy is discovered), and such inaccuracy, if corrected, would
      have led to the application of a higher Applicable Margin and/or a higher Unused
      Fee on Committed Amount for any period (an “Applicable Period”) than the
      Applicable Margin or Unused Fee on Committed Amount, as applicable, applied
      for
      such Applicable Period, then (i) the Borrower shall immediately deliver to
      the
      Administrative Agent a correct certificate in the form of the certificate
      described in Section 5.01(d), (ii) such higher Applicable Margin and/or higher
      Unused Fee on Committed Amount shall be applied to such Applicable Period,
      and
      (iii) the Borrower shall immediately pay to the Administrative Agent the accrued
      additional interest and expense owing as a result of such increased Applicable
      Margin and Unused Fee on Committed Amount for such Applicable Period, which
      payment shall be promptly applied by the Administrative Agent in accordance
      with
      Section 7.02. This Section 2.13(f) shall not limit the rights of the
      Administrative Agent and the other Secured Parties with respect to Section
      2.13(c) or Article VII. 

     

    
      
        
        

      

      
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    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 Adjusted LIBOR Rate or the LIBOR Rate, as applicable, for such Interest
      Period; or

     

    (b)    the
      Administrative Agent is advised by the Required Lenders that the Adjusted LIBOR
      Rate or the LIBOR Rate, as applicable, for such Interest Period will not
      adequately and fairly reflect the cost to such Lenders (or Lender) of making
      or
      maintaining their Loans (or its Loan) 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.

     

    SECTION
      2.15    Increased
      Costs.

     

    (a)    If
      any
      Change in Law shall:

     

    (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 the Adjusted LIBOR
      Rate) or any Issuing Bank; or

     

    (ii)    impose
      on
      any Lender or any 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 such 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 such Issuing
      Bank
      hereunder (whether of principal, interest or otherwise), then the Borrower
      will
      pay to such Lender or such Issuing Bank, as the case may be, such additional
      amount or amounts as will compensate such Lender or such Issuing Bank, as the
      case may be, for such additional costs incurred or reduction
      suffered.

     

    
      
        
        

      

      
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    (b)    If
      any
      Lender or any 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 such Issuing Bank’s capital or on the capital of such Lender’s or
      such 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 such Issuing Bank, to a level below
      that which such Lender or such Issuing Bank or such Lender’s or such Issuing
      Bank’s holding company could have achieved but for such Change in Law (taking
      into consideration such Lender’s or such Issuing Bank’s policies and the
      policies of such Lender’s or such Issuing Bank’s holding company with respect to
      capital adequacy), then from time to time the Borrower will pay to such Lender
      or such Issuing Bank, as the case may be, such additional amount or amounts
      as
      will compensate such Lender or such Issuing Bank or such Lender’s or such
      Issuing Bank’s holding company for any such reduction suffered.

     

    (c)    A
      certificate of a Lender or an Issuing Bank setting forth the amount or amounts
      necessary to compensate such Lender or such 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.
      The
      Borrower shall pay such Lender or such Issuing Bank, as the case may be, the
      amount shown as due on any such certificate within 10 days after receipt
      thereof.

     

    (d)    Failure
      or delay on the part of any Lender or any Issuing Bank to demand compensation
      pursuant to this Section shall not constitute a waiver of such Lender’s or such
      Issuing Bank’s right to demand such compensation; provided
      that the
      Borrower shall not be required to compensate a Lender or an Issuing Bank
      pursuant to this Section for any increased costs or reductions incurred more
      than 270 days prior to the date that such Lender or such 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 such 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 270-day period referred to above shall be extended to
      include the period of retroactive effect thereof.

     

    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 Eurodollar 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 pursuant
      to
      Section 2.19 or Section 2.05(d), then, in any such event, the Borrower shall
      compensate each Lender for the loss, cost and expense attributable to such
      event. In the case of a Eurodollar Loan, such loss, cost or expense to any
      Lender shall be deemed to include an amount determined by such Lender to be
      the
      excess, if any, of (i) the amount of interest which would have accrued on the
      principal amount of such Loan had such event not occurred, at the Adjusted
      LIBOR
      Rate that would have been applicable to such Loan, for the period from the
      date
      of such event to the last day of the then current Interest Period therefor
      (or,
      in the case of a failure to borrow, convert or continue, for the period that
      would have been the Interest Period for such Loan), over (ii) the amount of
      interest which would accrue on such principal amount for such period at the
      interest rate which such Lender would bid were it to bid, at the commencement
      of
      such period, for dollar deposits of a comparable amount and period from other
      banks in the Eurodollar market. A certificate of any Lender setting forth 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 shall pay such Lender the amount shown as due
      on
      any such certificate within 10 days after receipt thereof.

     

    
      
        
        

      

      
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    SECTION
      2.17    Taxes.

     

    (a)    Any
      and
      all payments by or on account of any obligation of the Borrower hereunder shall
      be made free and clear of and without deduction for any Indemnified Taxes or
      Other Taxes; provided
      that if
      the Borrower 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, 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 shall make such deductions and (iii)
      the
      Borrower shall pay the full amount deducted to the relevant Governmental
      Authority in accordance with applicable Governmental Requirements.

     

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

     

    (c)    The
      Borrower shall indemnify the Administrative Agent, each Lender and each 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 such Issuing Bank, as the case may be, on or with respect to any payment
      by
      or on account of any obligation of the Borrower 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. A certificate as to the amount of such payment or
      liability delivered to the Borrower by a Lender or an Issuing Bank, or by the
      Administrative Agent on its own behalf or on behalf of a Lender or an 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 to a Governmental Authority, the Borrower 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 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 Governmental Requirements,
      such properly completed and executed documentation prescribed by applicable
      Governmental Requirements or reasonably requested by the Borrower as will permit
      such payments to be made without withholding or at a reduced rate.

     

    
      
        
        

      

      
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    (f)    If
      the
      Administrative Agent or a Lender determines, in its sole discretion, that it
      has
      received a refund of any Taxes or Other Taxes as to which it has been
      indemnified by the Borrower or with respect to which the Borrower has paid
      additional amounts pursuant to this Section 2.17, it shall pay over such refund
      to the Borrower (but only to the extent of indemnity payments made, or
      additional amounts paid, by the Borrower under this Section 2.17 with respect
      to
      the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket
      expenses of the Administrative Agent or such Lender and without interest (other
      than any interest paid by the relevant Governmental Authority with respect
      to
      such refund); provided
      that the
      Borrower, upon the request of the Administrative Agent or such Lender, agrees
      to
      repay the amount paid over to the Borrower (plus any penalties, interest or
      other charges imposed by the relevant Governmental Authority) to the
      Administrative Agent or such Lender in the event the Administrative Agent or
      such Lender is required to repay such refund to such Governmental Authority.
      This Section shall not be construed to require the Administrative Agent or
      any
      Lender to make available its Tax returns (or any other information relating
      to
      its Taxes which it deems confidential) to the Borrower or any other
      Person.

     

    SECTION
      2.18    Payments
      Generally; Pro Rata Treatment; Sharing of Set-offs.

     

    (a)    The
      Borrower 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, Section 2.16 or Section 2.17, or otherwise) prior
      to
      12:00 noon, 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 the address set forth for the Administrative Agent in Section
      10.01 in the State of New York (its “Principal
      Office”),
      except payments to be made directly to an Issuing Bank as expressly provided
      herein and except that payments pursuant to Section 2.15, Section 2.16(a),
      Section 2.17 and Section 10.03 shall be made directly to the Persons entitled
      thereto. 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.

     

    
      
        
        

      

      
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    (c)    If
      any
      Lender shall, by exercising any right of set off or counterclaim or otherwise,
      obtain payment in respect of any principal of or interest on any of its Loans
      or
      participations in LC Disbursements resulting in such Lender receiving payment
      of
      a greater proportion of the aggregate amount of its Loans and participations
      in
      LC Disbursements 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 Loans and participations
      in LC Disbursements 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
      Loans and participations in LC Disbursements; 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 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
      or any Subsidiary or Affiliate thereof (as to which the provisions of this
      paragraph shall apply). The Borrower consents to the foregoing and agrees,
      to
      the extent it may effectively do so under applicable Governmental Requirements,
      that any Lender acquiring a participation pursuant to the foregoing arrangements
      may exercise against the Borrower rights of set-off and counterclaim with
      respect to such participation as fully as if such Lender were a direct creditor
      of the Borrower 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 any Issuing Bank hereunder that the Borrower will not make
      such payment, the Administrative Agent may assume that the Borrower has made
      such payment on such date in accordance herewith and may, in reliance upon
      such
      assumption, distribute to the Lenders or such Issuing Bank, as the case may
      be,
      the amount due. In such event, if the Borrower 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 such 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 2.06(d) or (e), Section 2.07(b), Section 2.18(d) or Section 10.03(c),
      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.

     

    
      
        
        

      

      
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    (a)    If
      any
      Lender requests compensation under 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, 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 judgment of such
      Lender, such designation or assignment (i)
      would
      eliminate or reduce amounts payable pursuant to Section 2.15 or Section 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.

     

    (b)    If
      any
      Lender requests compensation under 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, if any Lender defaults in its
      obligation to fund Loans hereunder or if any Lender becomes a Non-Consenting
      Lender or a Partially Consenting Lender pursuant to Section 2.05(c), 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 10.04), all its interests, rights and obligations under this Agreement
      to an assignee that shall assume such obligations (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 Committed Amount is being assigned, each Issuing Bank), 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, 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 (in the case of all other amounts) and (iii)
      in the
      case of any such assignment resulting from a claim for compensation under
      Section 2.15 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, other than a Non-Consenting 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.

     

    ARTICLE
      III

    REPRESENTATIONS
      AND WARRANTIES

    

    The
      Parent and the Borrower, in each case with respect to itself and, as applicable,
      its subsidiaries (other than Non-Controlled Unrestricted Subsidiaries) and,
      to
      its Knowledge, Joint Ventures and Non-Controlled Unrestricted Subsidiaries,
      each
      represents and warrants to the Lenders that:

     

    SECTION
      3.01    Organization;
      Powers.
      It and
      each of its subsidiaries and Joint Ventures is duly organized, validly existing
      and in good standing under the laws of the jurisdiction of its organization
      (in
      each case, except, with respect to each Unrestricted Subsidiary or Joint
      Venture, as could not, individually or in the aggregate, reasonably be expected
      to have a Material Adverse Effect), has all requisite power and authority to
      carry on its business as now conducted and to own and lease its Property (in
      each case, except, with respect to each Unrestricted Subsidiary or Joint
      Venture, as could not, individually or in the aggregate, reasonably be expected
      to have a Material Adverse Effect) and, except where the failure to do so,
      individually or in the aggregate, could not reasonably be expected to have
      a
      Material Adverse Effect, is qualified to do business in, and is in good standing
      in, every jurisdiction where such qualification is required. There is no
      existing default under any Organizational Document of it or any of its
      Restricted Subsidiaries or event which, with the giving of notice or passage
      of
      time or both, would constitute a default by any party thereunder. There is
      no
      existing default under any Organizational Document of any Unrestricted
      Subsidiary or Joint Venture or event which, with the giving of notice or passage
      of time or both, would constitute a default thereunder except, in each case,
      as
      could not, individually or in the aggregate, reasonably be expected to have
      a
      Material Adverse Effect. 

     

    
      
        
        

      

      
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    SECTION
      3.02    Authorization;
      Enforceability.
      The
      Transactions are within its and the other Borrower Parties’ corporate, limited
      liability company or partnership powers and have been duly authorized by all
      necessary corporate, limited liability company or partnership and, if required,
      stockholder, member or limited partner action. This Agreement has been duly
      executed and delivered by it and constitutes a legal, valid and binding
      obligation of it, enforceable 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 n)
      do not
      require any consent or approval of, registration or filing with, or any other
      action by, any Governmental Authority, except (i)
      such as
      have been obtained or made and are in full force and effect and (ii)
      filings
      necessary to perfect the Liens created and granted under the Security Documents,
      (b)
      will not
      violate any Governmental Requirement, (c) will not violate the Organizational
      Documents of it or any of its subsidiaries or Joint Ventures, except, if no
      Borrower Party is a party to such an Organizational Document pertaining to
      an
      Unrestricted Subsidiary or Joint Venture, as could not, individually or in
      the
      aggregate, reasonably be expected to have a Material Adverse Effect, (d) will
      not violate or result in a default under any indenture, agreement or other
      instrument binding upon it or any of its subsidiaries or Joint Ventures or
      their
      respective assets, or give rise to a right thereunder to require any payment
      to
      be made by it or any of its Restricted Subsidiaries, except, with respect to
      indentures, agreements or other instruments of Unrestricted Subsidiaries or
      Joint Ventures, as could not, individually or in the aggregate, reasonably
      be
      expected to have a Material Adverse Effect, and (e) will not result in the
      creation or imposition of any Lien on any Property of it or any of its
      Restricted Subsidiaries, except Liens created and granted under the Security
      Documents.

     

    SECTION
      3.04    Financial
      Condition; No Material Adverse Change. 

     

    (a)    The
      Parent has heretofore furnished to the Lenders its consolidated balance sheet
      and statements of operations, partners’ equity and cash flows (i)
      as of
      and for the fiscal year ended December 31, 2005, reported on by Deloitte &
Touche LLP, independent public accountants, and (ii)
      as of
      and for the fiscal quarter and the portion of the fiscal year ended June 30,
      2006, certified by one of its Financial Officers; and

     

    
      
        
        

      

      
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    (b)    The
      Parent has heretofore furnished to the Lenders the consolidated balance sheet
      and statements of income, partners’ equity and cash flows of the Borrower
(i)
      as of
      and for the fiscal year ended December 31, 2005, reported on by Deloitte &
Touche LLP, independent public accountants and (ii)
      as of
      and for the fiscal quarter and the portion of the fiscal quarter ended June
      30,
      2006, certified by one of its Financial Officers.

     

    (c)    Such
      financial statements present fairly, in all material respects, the financial
      position and results of operations and cash flows of, with respect to Section
      3.04(a), the Parent and its consolidated subsidiaries and, with respect to
      Section 3.04(b), 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 Sections 3.04(a)(ii) and 3.04(b)(ii).

     

    (d)    Since
      December 31, 2005, there has been no event, circumstance or occurrence that
      has
      had or could reasonably be expected to have a Material Adverse
      Effect.

     

    SECTION
      3.05    Other
      Obligations and Restrictions.
      Except
      for Indebtedness not prohibited by Section 6.01 and other liabilities incurred
      in the ordinary course of business, neither it nor any of its Restricted
      Subsidiaries has any outstanding liabilities of any kind (including contingent
      obligations, tax assessments, and unusual forward or long-term commitments)
      which are, in the aggregate, material to the Parent or material with respect
      to
      the Parent’s consolidated financial condition and that are not shown in the
      financial statements delivered pursuant to Section 3.04 or shown on Schedule
      3.05.
      It and
      each of its Restricted Subsidiaries has paid all material Taxes, assessments,
      and other governmental charges or levies imposed upon it or upon its income,
      profits or Property, except to the extent that any of the foregoing is not
      yet
      due or is being in good faith contested as permitted by Section
      5.04(a). 

     

    SECTION
      3.06    Properties.

     

    (a)    Generally.
      Except
      as set forth on Schedule
      3.06(a),
      it and
      each of its Restricted Subsidiaries has good title to, or valid leasehold
      interests in, all its Property material to the Borrower’s Business or, in the
      case of a Material Subsidiary, material to its business, free and clear of
      all
      Liens except for Liens permitted by Section 6.02 and minor irregularities or
      deficiencies in title that, individually or in the aggregate, do not interfere
      with its ability to conduct such business as currently conducted or to utilize
      such Properties for their intended purposes. Its tangible personal Property
      and
      the tangible personal Property of each of its Restricted Subsidiaries that
      is
      material to the Borrower’s Business or, in the case of a Material Subsidiary,
      material to its business, is in good operating order and condition (ordinary
      wear and tear occurring in the ordinary course of business or caused by Casualty
      Events excepted) in accordance with industry standards. 

     

    (b)    Real
      Property.
      Schedules 8(a) and 8(b) to the Perfection Certificate dated the Effective Date
      contain a true, correct and complete list of each interest in Real Property
      and
      Pipelines owned by it and each of its Restricted Subsidiaries as of the
      Effective Date that do not constitute Mortgaged Property and describes the
      type
      of interest therein held by such Person and whether such owned Real Property
      or
      Pipeline is leased and if leased whether the underlying lease contains any
      option to purchase all or any portion of such Real Property or Pipeline or
      any
      interest therein or contains any right of first refusal relating to any sale
      of
      such Real Property or Pipeline or any interest therein; provided,
      however,
      that
      such Schedules are not required to list Rights-of-Way that are not subject
      to
      the Liens granted in the Mortgages solely because such Rights-of-Way contain
      transfer restrictions that prohibit such grant. As of the Effective Date, with
      respect to all Real Property and Pipelines, there are no leases in which it
      or
      any of its Restricted Subsidiaries holds the lessor’s interest for which the
      annual rent or similar payment exceeds $5,000 per year per arrangement.

     

    
      
        
        

      

      
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    (c)    Collateral.
      It and
      each of its Restricted Subsidiaries owns or has rights to use all of the
      Collateral and all rights with respect to any of the foregoing of, necessary
      for
      or material to the Borrower’s Business or, in the case of a Material Subsidiary,
      material to its business, in each case as currently conducted. The use by it
      and
      each of its Restricted Subsidiaries of such Collateral and all rights with
      respect to the foregoing do not infringe on the rights of any Person other
      than
      such infringement that could not, individually or in the aggregate, reasonably
      be expected to have a Material Adverse Effect. No claim has been made and
      remains outstanding asserting that it or any of its subsidiaries’ use of any
      Collateral does or may violate the rights of any third party that could,
      individually or in the aggregate, reasonably be expected to have a Material
      Adverse Effect. 

     

    (d)    Permits,
      etc.
      It and
      each of its Restricted Subsidiaries has all permits, licenses and authorizations
      required in connection with the conduct of its businesses, and is in compliance
      with the terms and conditions of all such permits, licenses and authorizations,
      except where the failure to have or comply with such permits, licenses and
      authorizations would not, individually or in the aggregate, have a Material
      Adverse Effect. 

     

    SECTION
      3.07    Litigation.

     

    (a)    There
      are
      no actions, suits or proceedings at law or in equity by or before any arbitrator
      or Governmental Authority pending against or, to the Knowledge of it, threatened
      against or affecting it or any of its subsidiaries, Joint Ventures or any
      business, Property or rights of it or any of its subsidiaries or Joint Ventures
      that (i)
      if
      adversely determined, could reasonably be expected, individually or in the
      aggregate, to have a Material Adverse Effect (other than the Disclosed Matters)
      or (ii)
      could
      reasonably be expected to adversely affect any rights or remedies of the Secured
      Parties under any Loan Document or the Transactions.

     

    (b)    Since
      the
      Effective Date, there has been no change in the status of the Disclosed Matters
      that, individually or in the aggregate, has resulted in, or materially increased
      the likelihood of, a Material Adverse Effect.

     

    (c)    No
      Casualty Event has occurred that, individually or in the aggregate, could
      reasonably be expected to have a Material Adverse Effect. 

     

    SECTION
      3.08    Compliance
      with Laws and Agreements.
      It and
      each of its subsidiaries and Joint Ventures is in compliance with all laws,
      regulations and orders of any Governmental Authority and all indentures,
      agreements and other instruments applicable to or binding upon it or its
      Property, except where the failure to do so, individually or in the aggregate,
      could not reasonably be expected to have a Material Adverse Effect.

     

    
      
        
        

      

      
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    SECTION
      3.09    Default.
      No
      Default has occurred and is continuing.

     

    SECTION
      3.10    Investment
      Company Status.
      Neither
      it nor any of its subsidiaries or Joint Ventures is an “investment company” as
      defined in, or subject to regulation under, the Investment Company Act of 1940,
      except, with respect to each Unrestricted Subsidiary or Joint Venture, as could
      not, individually or in the aggregate, reasonably be expected to have a Material
      Adverse Effect or
      otherwise adversely affect the Lenders. The Borrower is not subject to
      regulation under any Federal or State statute or regulation which limits its
      ability to incur Indebtedness.

     

    SECTION
      3.11    Taxes.
      It and
      each of its subsidiaries and Joint Ventures has (a) timely filed or caused
      to be
      timely filed, or an extension has been obtained for the filing of, all material
      federal Tax returns and all material state, local and foreign Tax returns or
      materials required to have been filed by it or such subsidiary and (b) duly
      and
      timely paid, collected or remitted or caused to be duly and timely paid,
      collected or remitted all material Taxes (whether or not shown on any Tax
      return) due and payable, collectible and remittable by it or such subsidiary
      and
      all assessments received by it or such subsidiary or Joint Ventures, except
      Taxes that (i) if Taxes of a Borrower Party, are being contested in good faith
      by appropriate proceedings and for which it or such Restricted Subsidiary has
      set aside on its books and records adequate reserves in accordance with GAAP
      and
      (ii) could not, individually or in the aggregate, reasonably be expected to
      have
      a Material Adverse Effect. It and each of its subsidiaries and Joint Ventures
      (other than those Joint Ventures that do not prepare GAAP financial statements)
      has made adequate provision in accordance with GAAP for all Taxes not yet due
      and payable, except where the failure to do so, individually or in the
      aggregate, could reasonably be expected to have a Material Adverse Effect.
      Neither it nor any of its Restricted Subsidiaries is aware of any proposed
      or
      pending Tax assessments, deficiencies or audits relating to it or any of its
      subsidiaries or Joint Ventures that could reasonably be expected, individually
      or in the aggregate, to have a Material Adverse Effect.

     

    SECTION
      3.12    ERISA.
      Except
      as could not reasonably be expected to have a Material Adverse Effect, each
      ERISA Affiliate has fulfilled its obligations under the minimum funding
      standards of ERISA and the Code with respect to each Plan and is in compliance
      in all material respects with the presently applicable provisions of ERISA
      and
      the Code with respect to each Plan. Except as could not reasonably be expected
      to have a Material Adverse Effect, no ERISA Affiliate has (a)
      sought a
      waiver of the minimum funding standard under Section 412 of the Code in respect
      of any Plan, (b)
      failed
      to make any contribution or payment to any Plan or Multiemployer Plan or in
      respect of any Benefit Arrangement or made any amendment to any Plan or Benefit
      Arrangement, which has resulted or could reasonably be expected to result in
      the
      imposition of a Lien or the posting of a bond or other security under ERISA
      or
      the Code or (c)
      incurred
      any liability under Title IV of ERISA other than a liability to the PBGC for
      premiums under Section 4007 of ERISA.

     

    SECTION
      3.13    Disclosure;
      No Material Misstatements.
      It has
      disclosed to the Lenders all agreements, instruments and corporate or other
      restrictions to which it or any of its subsidiaries is subject (and all other
      matters known to it) that, individually or in the aggregate, could reasonably
      be
      expected to have a Material Adverse Effect. No written information, report,
      financial statement, certificate, Borrowing Request, exhibit or schedule
      furnished by or on behalf of it or any of its subsidiaries or Joint Ventures
      to
      the Administrative Agent or any Lender in connection with the negotiation of
      the
      Loan Documents or included therein or delivered thereunder (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, except, to the extent such information relates to the
      business of an Unrestricted Subsidiary or Joint Venture, as could not,
      individually or in the aggregate, reasonably be expected to have a Material
      Adverse Effect; provided
      that,
      with respect to projected financial information, it represents only that such
      information was prepared in good faith based upon assumptions believed to be
      reasonable at the time.

     

    
      
        
        

      

      
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    SECTION
      3.14    Insurance.
      Schedule
      3.14
      hereto
      contains an accurate and complete description of all material policies of fire,
      liability, worker’s compensation and other forms of insurance that are owned or
      held by or could accrue to the account of it and its subsidiaries and Joint
      Ventures as
      of the
      Effective Date. All such policies are in full force and effect, all premiums
      with respect thereto covering all periods up to and including the Effective
      Date
      have been paid, and no notice of cancellation or termination has been received
      with respect to any such policy, in each case, except with respect to any such
      policies of an Unrestricted Subsidiary or Joint Venture as could not,
      individually or in the aggregate, reasonably be expected to have a Material
      Adverse Effect. Such policies (a)
      are
      sufficient for compliance with all Governmental Requirements and all agreements
      to which it is a party, (b)
      are
      valid, outstanding and enforceable policies, (c)
      provide
      adequate insurance coverage for the assets and operations of it and its
      subsidiaries in
      at
      least such amounts and against at least such risks (but including in any event
      public liability) as are usually insured against in the same general area by
      companies engaged in the same or similar business, (d)
      will
      remain in full force and effect through the respective dates set forth in
Schedule
      3.14
      without
      the payment of additional premiums, except for policies for which premiums
      were
      based on estimated amounts and are subject to periodic adjustments, and
      (e)
      will not
      in any way be affected by, or terminate or lapse by reason of, the Transactions
      except, in the case of (a) through (e) to the extent such policies relate to
      the
      business of any Unrestricted Subsidiary or Joint Venture, as could not,
      individually or in the aggregate, reasonably be expected to have a Material
      Adverse Effect. On or prior to the Effective Date, the Borrower shall have
      used
      commercially reasonable efforts to cause such insurance policies relating to
      the
      Parent, the Borrower or any Restricted Subsidiary to (i) provide that no
      cancellation, material reduction in amount or material change in coverage
      thereof shall be effective until at least thirty days after receipt by the
      Administrative Agent of written notice thereof, and (ii) name the Administrative
      Agent as mortgagee (in the case of Real Property or, as applicable, Pipeline
      insurance) or additional insured on behalf of the Secured Parties (in the case
      of liability insurance) or loss payee (in the case of personal Property
      insurance), as applicable.

     

    SECTION
      3.15    Material
      Agreements.
      Schedule
      3.15
      hereto
      contains a complete and correct list of all Material Agreements of it and its
      Restricted Subsidiaries (other than the Loan Documents) in effect as of the
      Effective Date. Copies of such documents have been provided to the
      Administrative Agent. All Material Agreements are in full force and effect
      (except any such Material Agreement that has expired by its terms) and neither
      it nor any of its Restricted Subsidiaries is in default thereunder, and there
      is
      no uncured default by any affiliate predecessor in interest to it or any of
      its
      Restricted Subsidiaries or, to its Knowledge, by any predecessor in interest
      to
      it or any of its Restricted Subsidiaries (other than an affiliate predecessor)
      or counterparty thereto and neither it nor any of its Restricted Subsidiaries
      has altered or amended any material item or provision of any Material Agreement
      except where such alterations or amendments, individually or in the aggregate,
      could not reasonably be expected to have an adverse effect on the Administrative
      Agent, the Issuing Banks or the Lenders.

     

    
      
        
        

      

      
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    SECTION
      3.16    Imbalances.
      As of
      the Effective Date, except as set forth on Schedule
      3.16,
      on a
      net basis there are no imbalances under its Material Agreements or with respect
      to which it could reasonably be expected to incur a material
      liability. 

     

    SECTION
      3.17    Solvency.
      After
      giving effect to the Transactions and immediately following the making of each
      Loan and after giving effect to the application of the proceeds of each Loan,
      (a)
      the fair
      value of the Properties of it and each of its subsidiaries (individually as
      to
      any Borrower Party, and on a consolidated basis with its and its subsidiaries’
respective subsidiaries and determined on a going concern basis) will exceed
      the
      probable liability of its debts and other liabilities, subordinated, contingent
      or otherwise; (b)
      the
      present fair saleable value of the Property of it and each of its subsidiaries
      (individually as to any Borrower Party, and on a consolidated basis with its
      and
      its subsidiaries’ respective subsidiaries) will be greater than the amount that
      will be required to pay the probable liability of its debts and other
      liabilities, subordinated, contingent or otherwise, as such debts and other
      liabilities become absolute and matured; (c)
      it and
      each of its subsidiaries (individually as to any Borrower Party, and on a
      consolidated basis with its and its subsidiaries’ respective subsidiaries) will
      be able to pay its debts and liabilities, subordinated, contingent or otherwise,
      as such debts and liabilities become absolute and matured; and (d)
      it and
      each of its subsidiaries (individually as to any Borrower Party, and on a
      consolidated basis with its and its subsidiaries respective subsidiaries) will
      not have unreasonably small capital with which to conduct business in which
      it
      is engaged as such business is now conducted and is proposed to be
      conducted. 

     

    SECTION
      3.18    Labor
      Disputes and Acts of God.
      (a)
      As of
      the Effective Date, there are no strikes, lockouts or slowdowns against it
      or
      any of its Restricted Subsidiaries pending or, to the Knowledge of it or any
      of
      its Restricted Subsidiaries, threatened. The hours worked by and payments made
      to employees of it or any of its subsidiaries or Joint Ventures have not been
      in
      violation of the Fair Labor Standards Act of 1938, as amended, or any other
      applicable federal, state, local or foreign law dealing with such matters in
      any
      manner that could reasonably be expected to have a Material Adverse Effect.
      All
      payments due from it or any of its subsidiaries or Joint Ventures or for which
      any claim may be made against it or any of its subsidiaries or Joint Ventures
      on
      account of wages and employee health and welfare insurance and other benefits
      have been paid or accrued as a liability on the books of it or such subsidiary
      or Joint Venture, except where the failure to do so could not reasonably be
      expected to have a Material Adverse Effect. The consummation of the Transactions
      will not give rise to any right of termination or right of renegotiation on
      the
      part of any union under any collective bargaining agreement to which it or
      any
      of its Restricted Subsidiaries is bound. 

     

    (b)    Except
      as
      disclosed in Schedule
      3.18,
      neither
      the business nor the Properties of it nor any of its subsidiaries or Joint
      Ventures has been affected by any fire, explosion, accident, drought, storm,
      hail, earthquake, embargo, act of God or of the public enemy or other casualty
      (whether or not covered by insurance), which could reasonably be expected to
      have a Material Adverse Effect. 

     

    
      
        
        

      

      
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    SECTION
      3.19    Equity
      Interests and Subsidiaries.
      (a) Schedule
      3.19(a)
      dated
      the Effective Date sets forth a list of (i)
      all of
      the Subsidiaries and Joint Ventures and their jurisdictions of organization
      as
      of the Effective Date and (ii)
      the
      number of each class of its Equity Interests authorized, and the number
      outstanding, on the Effective Date and the number of shares covered by all
      outstanding options, warrants, rights of conversion or purchase and similar
      rights as of the Effective Date, and Schedule 10 to the Perfection Certificate
      dated the Effective Date sets forth the same information with respect to each
      Restricted Subsidiary as of the Effective Date. All Equity Interests of each
      of
      its Restricted Subsidiaries are duly and validly issued and are fully paid
      and
      non-assessable, except as such non-assessability may be affected by Sections
      17-303 and 17-607 of the Delaware Revised Uniform Partnership Act (or any
      similar provision of any similar statute), and, other than the Equity Interests
      owned by the General Partner, are owned by the Parent directly or indirectly
      through Wholly Owned Subsidiaries. All of the general partner Equity Interests
      of the Parent are owned directly or indirectly by the General Partner. Except
      as
      set forth on Schedule 6.02, it and each of its Restricted Subsidiaries is the
      record and beneficial owner of, and has good and defensible title to, the Equity
      Interests pledged by it under the Guarantee and Collateral Agreement, free
      of
      any and all Liens, rights or claims of other Persons, except the security
      interest created by the Guarantee and Collateral Agreement, and there are no
      outstanding options, warrants or other rights to purchase, or shareholder,
      voting trust or similar agreements outstanding with respect to, or Property
      that
      is convertible into, or that requires the issuance or sale of, any such Equity
      Interests. All Restricted Subsidiaries, other than the Borrower, are
      Guarantors.

     

    (b)    No
      Consent of Third Parties Required.
      No
      consent of any Person including any other general or limited partner, any other
      member of a limited liability company, any other shareholder or any other trust
      beneficiary is necessary or reasonably desirable (from the perspective of a
      secured party) in connection with the creation, perfection or First Priority
      status of the Lien granted to the Administrative Agent for the benefit of the
      Secured Parties on the Equity Interests pledged under the Guarantee and
      Collateral Agreement or the exercise by the Administrative Agent of the voting
      or other rights with respect to such Equity Interests provided for in the
      Guarantee and Collateral Agreement or the exercise of remedies in respect
      thereof, except for those consents set forth on Schedule
      3.19(b)
      and
      consents that have been obtained. 

     

    (c)    Organizational
      Chart.
      An
      accurate organizational chart, showing the ownership structure of the Parent,
      the Borrower and each Subsidiary and Joint Venture as of the Effective Date
      and
      after giving effect to the Transactions is set forth on Schedule
      3.19(c).
      

     

    SECTION
      3.20    Intellectual
      Property.

     

    (a)    Ownership/No
      Claims.
      It and
      each of its Restricted Subsidiaries owns, or is licensed to use, all patents,
      patent applications, trademarks, trade names, servicemarks, copyrights,
      technology, trade secrets, proprietary information, domain names, know-how
      and
      processes necessary for the conduct of its business as currently conducted
      (the
“Intellectual
      Property”),
      except for those the failure to own or license which, individually or in the
      aggregate, could not reasonably be expected to have a Material Adverse Effect.
      No claim has been asserted and is pending by any Person challenging or
      questioning the use of any such Intellectual Property or the validity or
      effectiveness of any such Intellectual Property, nor does it nor any of its
      Restricted Subsidiaries know of any valid basis for any such claim, in each
      case
      that could reasonably be expected to have a Material Adverse Effect. The use
      of
      such Intellectual Property by it and each of its subsidiaries does not infringe
      the rights of any person, except for such claims and infringements that,
      individually or in the aggregate, could not reasonably be expected to have
      a
      Material Adverse Effect.

     

    
      
        
        

      

      
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    (b)    Registrations.
      Except
      pursuant to licenses and other user agreements entered into by it and each
      of
      its Restricted Subsidiaries in the ordinary course of business that are listed
      in Schedule 12(a) or 12(b) to the Perfection Certificate, on and as of the
      Effective Date (i)
      it and
      each of its Restricted Subsidiaries owns and possesses the right to use, and
      has
      done nothing to authorize or enable any other person to use, any copyright,
      patent or trademark material to the Borrower’s Business and listed in Schedule
      12(a) or 12(b) to the Perfection Certificate and (ii)
      all
      registrations material to the Borrower’s Business and listed in Schedule 12(a)
      or 12(b) to the Perfection Certificate are valid and in full force and
      effect.

     

    (c)    No
      Violations or Proceedings.
      To its
      Knowledge, on and as of the Effective Date, there is no material violation
      by
      others of any right of it or any of its Restricted Subsidiaries with respect
      to
      any copyright, patent or trademark material to the Borrower’s Business listed in
      Schedule 12(a) or 12(b) to the Perfection Certificate, pledged by it under
      the
      name of it or any such Restricted Subsidiary except as may be set forth on
      Schedule
      3.20(c).

     

    SECTION
      3.21    Environmental
      Matters.
      Neither
      it nor any of its subsidiaries or Joint Ventures nor any of their respective
      Facilities or operations for which they are liable (a)
      has any
      Environmental Liability or (b)
      is
      subject to any outstanding written order, consent decree or settlement agreement
      with any Person relating to any Environmental Law, any Environmental Claim,
      or
      any Hazardous Materials Activity that, in each case, individually or in the
      aggregate, could reasonably be expected to have a Material Adverse Effect.
      Neither it nor any of its subsidiaries has received any letter or request for
      information under Section 104 of the Comprehensive Environmental Response,
      Compensation and Liability Act (42 U.S.C. § 9604) (“CERCLA”)
      or any
      comparable state law which it reasonably expects will lead to liability having
      a
      Material Adverse Effect. None of its or any of its subsidiaries’ or Joint
      Ventures’ Real Property, Pipelines or Facilities is (i) listed or proposed for
      listing on the National Priorities List promulgated pursuant to CERCLA, (ii)
      listed on the Comprehensive Environmental Response, Compensation and Liability
      Information System promulgated pursuant to CERCLA or (iii) included on any
      similar list maintained by any Governmental Authority, including any such
      listing relating to petroleum, where the inclusion on such list(s) could
      reasonably be expected to result in, individually or in the aggregate, a
      Material Adverse Effect. To its Knowledge, there are and have been no
      conditions, occurrences or Hazardous Materials Activities which could reasonably
      be expected to form the basis of an Environmental Claim against it or any of
      its
      subsidiaries or Joint Ventures that, individually or in the aggregate, could
      reasonably be expected to have a Material Adverse Effect. Compliance with
      reasonably foreseeable future requirements pursuant to or under Environmental
      Laws is not reasonably expected to result in, individually or in the aggregate,
      a Material Adverse Effect. To its Knowledge, no event or condition has occurred
      or is occurring with respect to it or any of its subsidiaries relating to any
      Environmental Law, any release of Hazardous Materials, or any Hazardous
      Materials Activity that individually or in the aggregate has resulted in or
      could reasonably be expected to have a Material Adverse Effect. No material
      Lien
      has been recorded or, to its Knowledge, threatened, under any Environmental
      Law
      with respect to any Property, including Real Property and Pipelines, of it
      or
      any Restricted Subsidiary. It has made or has caused its Restricted Subsidiaries
      to make available to the Administrative Agent all material records and files
      in
      their possession concerning compliance with or liability under Environmental
      Law, including those concerning the existence of Hazardous Material at
      Facilities or Real Property or Pipelines currently or formerly owned, operated,
      leased or used by it or any of its Restricted Subsidiaries. It has made, has
      caused its Unrestricted Subsidiaries to make, and has used commercially
      reasonable efforts to cause its Joint Ventures to make available to the
      Administrative Agent all records and files in their possession concerning
      compliance by it and its subsidiaries and Joint Ventures, as applicable, with
      or
      liability under Environmental Law, including those concerning the existence
      of
      Hazardous Material at Facilities or Real Property or Pipelines currently or
      formerly owned, operated, leased or used by it or any of its Unrestricted
      Subsidiaries or Joint Ventures, if the contents of such records and files relate
      to events or occurrences that could reasonably be expected to have a Material
      Adverse Effect.

     

    
      
        
        

      

      
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    SECTION
      3.22    Reserved. 

     

    SECTION
      3.23    Security
      Documents.
      (a)
 Guarantee
      and Collateral Agreement.
      The
      Guarantee and Collateral Agreement is effective to create in favor of the
      Administrative Agent for the benefit of the Secured Parties, legal, valid and
      enforceable Liens on, and security interests in, the Collateral and, (i) when
      financing statements and other filings in appropriate form are filed in the
      offices specified on Schedule 7 to the Perfection Certificate and (ii) upon
      the
      taking of possession or control by the Administrative Agent of the Collateral
      with respect to which a security interest may be perfected only by possession
      or
      control (which possession or control shall be given to the Administrative Agent
      to the extent possession or control by the Administrative Agent is required
      by
      each Guarantee and Collateral Agreement), the Liens created by the Guarantee
      and
      Collateral Agreement shall constitute fully perfected First Priority Liens
      on,
      and security interests in, all right, title and interest of the grantors
      thereunder in the Collateral (other than such Collateral in which a security
      interest cannot be perfected under the UCC as in effect at the relevant time
      in
      the relevant jurisdiction), in each case with no other Liens except for
      Permitted Encumbrances.

     

    (b)    Mortgages.
      Each
      Mortgage is effective to create, in favor of the Administrative Agent for the
      benefit of the trustee named therein and the Lenders, legal, valid and
      enforceable First Priority Liens on, and security interests in, all of its
      and
      its Restricted Subsidiaries’ right, title and interest in and to the Mortgaged
      Properties thereunder and the proceeds thereof, subject only to Permitted
      Encumbrances, and when the Mortgages are filed in the offices specified on
      Schedule 8(a) to the Perfection Certificate dated the Effective Date (or, in
      the
      case of any Mortgage executed and delivered after the date thereof in accordance
      with the provisions of Sections 5.10 and 5.11, when such Mortgage is filed
      in
      the offices specified in the local counsel opinion delivered with respect
      thereto in accordance with the provisions of Sections 5.10 and 5.11), the
      Mortgages shall constitute First Priority fully perfected Liens on, and security
      interests in, all right, title and interest of it and its Restricted
      Subsidiaries in the Mortgaged Properties and the proceeds thereof, in each
      case
      prior and superior in right to any other person, other than Liens permitted
      by
      such Mortgage.

     

    
      
        
        

      

      
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    (c)    Valid
      Liens.
      Each
      Security Document delivered pursuant to Sections 5.10 and 5.11, upon execution
      and delivery thereof, be effective to create in favor of the Administrative
      Agent, for the benefit of the Secured Parties, legal, valid and enforceable
      Liens on, and security interests in, all of its and its Restricted Subsidiaries’
right, title and interest in and to the Collateral thereunder, and when all
      appropriate filings or recordings are made in the appropriate offices as may
      be
      required under applicable Governmental Requirements, such Security Document
      will
      constitute First Priority fully perfected Liens on, and security interests
      in,
      all right, title and interest of it and its Restricted Subsidiaries in such
      Collateral, in each case with no other Liens except for applicable Permitted
      Encumbrances. 

     

    SECTION
      3.24    Anti-Terrorism
      Law.

     

    (a)    Neither
      it nor any of its subsidiaries or Joint Ventures nor, to its Knowledge, any
      of
      its Affiliates, is in violation of any law relating to terrorism or money
      laundering (“Anti-Terrorism
      Laws”),
      including Executive Order No. 13224 on Terrorist Financing, effective September
      24, 2001 (the “Executive
      Order”),
      and
      the Uniting and Strengthening America by Providing Appropriate Tools Required
      to
      Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56.

     

    (b)    Neither
      it nor any of its subsidiaries or Joint Ventures nor, to its Knowledge, any
      of
      its Affiliates or broker or other agent of it or any of its subsidiaries or
      Joint Ventures acting or benefiting in any capacity in connection with the
      Loans
      is any of the following:

     

    (i)    
a
      Person
      that is listed in the annex to, or is otherwise subject to the provisions of,
      the Executive Order;

     

    (ii)    a
      Person
      owned or controlled by, or acting for or on behalf of, any Person that is listed
      in the annex to, or is otherwise subject to the provisions of, the Executive
      Order;

     

    (iii)   a
      Person
      with which any Lender is prohibited from dealing or otherwise engaging in any
      transaction by any Anti-Terrorism Law;

     

    (iv)   a
      Person
      that commits, threatens or conspires to commit or supports “terrorism” as
      defined in the Executive Order; or

     

    (v)    a
      Person
      that is named as a “specially designated national and blocked person” on the
      most current list published by the U.S. Treasury Department Office of Foreign
      Assets Control (“OFAC”)
      at its
      official website or any replacement website or other replacement official
      publication of such list.

     

    (c)    Neither
      it nor any of its subsidiaries or Joint Ventures nor, to its Knowledge, any
      broker or other agent of it or any of its subsidiaries acting in any capacity
      in
      connection with the Loans (i)
      conducts
      any business or engages in making or receiving any contribution of funds, goods
      or services to or for the benefit of any person described in paragraph (b)
      above, (ii)
      deals
      in, or otherwise engages in any transaction relating to, any Property or
      interests in Property blocked pursuant to the Executive Order or (iii)
      engages
      in or conspires to engage in any transaction that evades or avoids, or has
      the
      purpose of evading or avoiding, or attempts to violate, any of the prohibitions
      set forth in any Anti-Terrorism Law.

     

    
      
        
        

      

      
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    (d)    Notwithstanding
      anything in Section 3.24(a) through (c) to the contrary, such representations
      to
      the extent applying to the actions of a Person that is not a Borrower Party
      shall not be deemed breached unless the circumstances giving rise to such breach
      could, individually or in the aggregate, reasonably be expected to have a
      Material Adverse Effect or otherwise adversely affect the Lenders.

     

    SECTION
      3.25    Federal
      Reserve Regulations.
      Neither
      it nor any of its subsidiaries or Joint Ventures is engaged principally or
      as
      one of its important activities in the business of extending credit for the
      purpose of buying or carrying Margin Stock, except, with respect to each
      Unrestricted Subsidiary or Joint Venture, as could not, individually or in
      the
      aggregate, reasonably be expected to have a Material Adverse Effect or otherwise
      adversely affect the Lenders. No part of the proceeds of any Loan or Letter
      of
      Credit will be used directly or indirectly, whether used immediately,
      incidentally or ultimately, for any purpose that entails a violation of or
      that
      is inconsistent with the provisions of the regulations of the Board, including
      Regulation T, Regulation U or Regulation X. The pledge of the Equity Interests
      pledged pursuant to the Guarantee and Collateral Agreement does not violate
      such
      regulations.

     

    SECTION
      3.26    Use
      of
      Proceeds.
      The
      Borrower has used the proceeds of the Loans in accordance with Section
      5.08. 

     

    ARTICLE
      IV

    CONDITIONS

    

    SECTION
      4.01    Effective
      Date.
      The
      obligations of the Lenders to make Loans and of any Issuing Bank to issue
      Letters of Credit hereunder shall not become effective until the date on which
      each of the following conditions is satisfied (or waived in accordance with
      Section 10.02):

     

    (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 a favorable written opinion (addressed
      to the Administrative Agent and the Lenders and dated the Effective Date) of
      (i)
      Akin
      Gump Strauss Hauer & Feld LLP, counsel for the Borrower Parties,
      substantially in the form of Exhibit
      E,
      and
      covering such other matters relating to the Borrower Parties, this Agreement,
      the other Loan Documents or the Transactions as the Required Lenders shall
      reasonably request and (ii)
      the
      Persons described in clause (a)(iii) of the definition of “Effective Date Real
      Property Requirements.” The Borrower hereby requests such counsels to deliver
      such opinions.

     

    
      
        
        

      

      
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    (c)    The
      Administrative Agent shall have received the following, in each case in form
      and
      substance satisfactory to the Arrangers and their counsel: (i)
      copies
      of each Organizational Document executed and delivered by each Borrower Party
      and the General Partner, as applicable, and, to the extent applicable, certified
      as of a recent date by the appropriate governmental official, each dated the
      Effective Date or a recent date prior thereto, (ii)
      signature and incumbency certificates of the officers of each Borrower Party
      and
      the General Partner executing any Loan Document on behalf of such Borrower
      Party
      or the General Partner, (iii)
      resolutions of the board of directors or similar governing body of each Borrower
      Party or the General Partner or a Borrower Party’s general partner approving and
      authorizing the execution, delivery and performance of this Agreement and the
      other Loan Documents to which such Borrower Party or the General Partner is
      a
      party or by which its assets may be bound as of the Effective Date by its
      secretary or any assistant secretary as being in full force and effect without
      modification or amendment; (iv)
      a good
      standing certificate from the applicable Governmental Authority of each Borrower
      Party’s and the General Partner’s jurisdiction of organization or formation and
      in each jurisdiction in which such Borrower Party and General Partner is
      qualified as a foreign corporation or other entity to do business, each dated
      a
      recent date prior to the Effective Date; and (v)
      such
      other documents as either Arranger may reasonably request.

     

    (d)    The
      organizational structure of the Parent and the Subsidiaries shall be reasonably
      satisfactory to the Arrangers. 

     

    (e)    The
      Administrative Agent shall have received a certificate, dated the Effective
      Date
      and signed by the President, a Vice President or a Financial Officer of the
      Borrower, confirming compliance with the conditions set forth in paragraphs
      (a)
      and (b) of Section 4.02 and certifying compliance with Section 3.17 as of the
      Effective Date after giving effect to the initial Loans hereunder.

     

    (f)
    The
      Administrative Agent, the Arrangers and the Lenders shall have received all
      fees
      and other amounts due and payable on or prior to the Effective Date, including,
      to the extent invoiced, reimbursement or payment of all out of pocket expenses
      required to be reimbursed or paid by the Borrower hereunder.

     

    (g)    The
      Administrative Agent shall have received reasonable satisfactory evidence that
      all loans, letters of credit and other obligations owing pursuant to the
      Existing Credit Agreement shall have been paid in full and all commitments
      and
      obligations thereunder shall have been terminated.

     

    (h)    The
      Administrative Agent shall have received a certificate of a Responsible Officer
      of the Borrower either (i)
      attaching copies of all consents, licenses and approvals required in connection
      with the execution, delivery and performance by and the validity against each
      Borrower Party and the General Partner of the Loan Documents to which it is
      a
      party, and such consents, licenses and approvals shall be in full force and
      effect, or (ii)
      stating
      that no such consents, licenses or approvals are so required.

     

    (i)
    The
      Administrative Agent shall have received a letter duly executed and delivered
      by
      the Process Agent dated on or prior to the Effective Date pursuant to which
      it
      accepts its appointment as Process Agent for the Borrower Parties hereunder
      and
      for the Borrower Parties and the General Partner under the other Loan
      Documents.

     

    
      
        
        

      

      
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    (j)    
The
      Administrative Agent shall have received the Security Documents, including
      financing statements, duly completed and executed (as applicable) in sufficient
      number of counterparts and in proper form for recording, if necessary, and
      perfecting Liens in the Collateral satisfactory to it.

     

    (k)    The
      Administrative Agent shall have received a completed Perfection Certificate
      dated the Effective Date and executed by a Responsible Officer of the Parent,
      together with all attachments contemplated thereby, including (i)
      certified copies of UCC, Tax and judgment Lien searches, bankruptcy and pending
      lawsuit searches or equivalent reports or searches, each of a recent date
      listing all effective financing statements, Lien notices or comparable documents
      that name the Parent, the Borrower or any Subsidiary as debtor and that are
      filed in the state and county jurisdiction in which the Parent, the Borrower
      or
      any Subsidiary is organized or maintains its principal place of business and
      such other searches that the Administrative Agent deems necessary or
      appropriate, none of which encumber the Collateral and (ii)
      UCC
      termination statements (or similar documents) duly authorized or executed,
      as
      appropriate, by all applicable Persons for filing in all applicable
      jurisdictions as may be necessary to terminate any effective UCC financing
      statements (or equivalent filings) disclosed in such search, including with
      respect to any Liens created and granted in connection with the Existing Credit
      Agreement.

     

    (l)    
The
      Administrative Agent shall have received the certificates, if any, representing
      the limited partnership interests and general partnership interest pledged
      pursuant to the Security Documents, together with an undated stock power or
      equivalent for each such certificate executed in blank by a Responsible Officer
      of the pledgor thereof.

     

    (m)    All
      other
      Property in which the Administrative Agent shall, at such time, be entitled
      to
      have a Lien in its favor for the benefit of the Secured Parties pursuant to
      any
      Loan Document shall have been physically delivered to the possession of the
      Administrative Agent or any bailee accepted by the Administrative Agent to
      the
      extent that such possession is necessary or desirable for the purpose of
      perfecting the Administrative Agent’s Lien in such Collateral for the benefit of
      the Secured Parties.

     

    (n)    The
      Administrative Agent shall have received a certificate of insurance coverage
      of
      the Parent and the Subsidiaries evidencing that the Parent and the Subsidiaries
      are carrying insurance in accordance with Section 5.12, and the Borrower shall
      have used commercially reasonable efforts (as determined in the discretion
      of
      the Administrative Agent) to cause such certificates to (i) show that no
      cancellation, material reduction in amount or material change in coverage
      thereof shall be effective until at least thirty days after receipt by the
      Administrative Agent of written notice thereof, and (ii) name the Administrative
      Agent as mortgagee (in the case of Real Property or, as applicable, Pipeline
      insurance) or additional insured on behalf of the Secured Parties (in the case
      of liability insurance) or loss payee (in the case of personal Property
      insurance), as applicable.

     

    (o)    The
      Administrative Agent and the Lenders shall have received and shall be satisfied
      with (i)
      the
      financial statements referred to in Section 3.04 and (ii)
      financial projections of the Parent and its Subsidiaries’ statement of
      operations through the fiscal year ending December 31, 2009, which shall show
      compliance with Section 6.15 on a Pro Forma
      Basis
      through such date.

     

    
      
        
        

      

      
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    (p)    The
      Administrative Agent and the Lenders shall have completed and be satisfied
      with
      their due diligence review of the Borrower Parties and their operations,
      including title, environmental, engineering, marketing, financial condition
      and
      such other matters as the Administrative Agent or the Lenders may reasonably
      determine.

     

    (q)    The
      Administrative Agent (and, if requested by a Lender, each such Lender) shall
      have received and be reasonably satisfied with all existing reports and similar
      documents of the Parent and the Subsidiaries relating to environmental matters,
      other than such documents that are either (i) immaterial or (ii) solely
      ministerial and ordinary course in nature. 

     

    (r)    
The
      Administrative Agent shall have received and be reasonably satisfied with copies
      of all Material Agreements that are in effect on the Effective Date.

     

    (s)    The
      Parent and the Subsidiaries shall have complied with the Effective Date Real
      Property Requirements to the satisfaction of the Lenders.

     

    (t)    
The
      Parent and the Subsidiaries shall have paid or made arrangements to pay all
      applicable recording taxes, fees, charges, costs and expenses required for
      the
      recording of the Security Documents.

     

    The
      Administrative Agent shall notify the Borrower and the Lenders of the Effective
      Date, and such notice shall be conclusive and binding. Notwithstanding the
      foregoing, the obligations of the Lenders to make Loans and of any Issuing
      Bank
      to issue Letters of Credit under this Agreement shall not become effective
      unless each of the foregoing conditions is satisfied (or waived pursuant to
      Section 10.02) at or prior to 3:00 p.m., New York City time, on November 15,
      2006 (and,
      in
      the event such conditions are not so satisfied or waived, the Committed Amounts
      and allocated Maximum Amounts shall terminate at such time).

     

    Without
      limiting the generality of the provisions of Article IX, for purposes of
      determining compliance with the conditions specified in this Section 4.01,
      each
      Lender that has signed this Agreement shall be deemed to have consented to,
      approved or accepted or to be satisfied with, each document or other matter
      required thereunder to be consented to or approved by or acceptable or
      satisfactory to the Administrative Agent, the Arrangers or the Lenders unless
      the Administrative Agent and the Arrangers shall have received notice from
      such
      Lender prior to the proposed Effective Date specifying its objection
      thereto.

     

    SECTION
      4.02   Each
      Credit Event.
      The
      obligation of each Lender to make a Loan (including conversions and
      continuations of Loans) on the occasion of any Borrowing, and of any 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 Parent, the Borrower, the General Partner
      or any Subsidiary set forth in this Agreement and the other Loan Documents
      shall
      be true and correct in all material 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 such representations and warranties
      that
      are stated to relate to a specific earlier date, in which case such
      representations and warranties shall be true and correct in all material
      respects as of such earlier date).

     

    
      
        
        

      

      
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    (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.

     

    (c)    The
      Administrative Agent shall have received each additional document, instrument,
      legal opinion or item of information reasonably requested by it.

     

    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 Parent
      and the Borrower on the date thereof as to the matters specified in paragraphs
      (a) and (b) of this Section 4.02.

     

    ARTICLE
      V

    AFFIRMATIVE
      COVENANTS

    

    Commencing
      on the date of this Agreement, until the Committed Amount has 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
      Parent and the Borrower each covenant and agree with the Lenders that (it being
      understood that to the extent such covenants and agreements apply to Joint
      Ventures or Non-Controlled Unrestricted Subsidiaries, such covenants and
      agreements shall only require that the Borrower and the Restricted Subsidiaries
      vote (to the extent such vote would not constitute a breach of fiduciary duty)
      their respective voting Equity Interests in such Joint Venture or Non-Controlled
      Unrestricted Subsidiary, and that any directors and managers appointed by such
      Person also vote (to the extent such vote would not constitute a breach of
      fiduciary duty), (a) in favor of actions that could reasonably be expected
      to
      cause compliance with such covenants or agreements as written (if compliance
      could not reasonably be expected without such action) and (b) against actions
      that could reasonably be expected to cause a violation of such covenants or
      agreements as written):

     

    SECTION
      5.01    Financial
      Statements; Ratings Change and Other Information.
      It will
      furnish to the Administrative Agent:

     

    (a)    no
      later
      than 15 days following the date required by applicable SEC rules (without giving
      effect to any extensions available thereunder) for the filing of such financial
      statements after the end of each fiscal year of the Parent:

     

    (i)    the
      audited consolidated balance sheet and related statements of operations,
      partners’ capital and cash flows of the Parent as of the end of and for such
      year, setting forth in each case in comparative form the figures for the
      previous fiscal year, all reported on by Deloitte & Touche LLP or other
      independent public accountants of recognized national standing (without a “going
      concern” or like qualification or exception and without any qualification or
      exception as to the scope of such audit) to the effect that such consolidated
      financial statements present fairly in all material respects the financial
      condition, results of operations and cash flows of the Parent and its
      consolidated Subsidiaries on a consolidated basis in accordance with GAAP
      consistently applied.

     

    
      
        
        

      

      
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    (ii)    the
      audited consolidated balance sheet and related statements of operations,
      partners’ capital and cash flows of the Borrower as of the end of and for such
      year, setting forth in each case in comparative form the figures from the
      previous fiscal year, all reported on by Deloitte and Touche LLP or other
      independent public accountants of recognized national standing (without a “going
      concern” or like qualification or exception and without any qualification or
      exception as to the scope of such audit) to the effect that such consolidated
      financial statements present fairly in all material respects the financial
      condition, results and operations and cash flows of the Borrower and the
      Borrower’s consolidated subsidiaries on a consolidated basis in accordance with
      GAAP consistently applied.

     

    (b)    as
      soon
      as available, but in any event within forty-five days of the end of the first
      three fiscal quarters of the Parent and the Borrower, the unaudited consolidated
      balance sheet as of the end of such fiscal quarter, the unaudited consolidated
      statements of operations for such fiscal quarter and the then-elapsed portion
      of
      the fiscal year and the unaudited consolidated statements of cash flows for
      the
      then elapsed portion of the fiscal year, setting forth in each case in
      comparative form the figures for the corresponding period or periods of (or,
      in
      the case of the balance sheet, as of the end of the previous fiscal year) and
      the unaudited consolidated statement of partners’ capital for the then elapsed
      portion of the fiscal year, all certified by a Financial Officer of the Parent
      as presenting fairly in all material respects the financial condition and
      results of operations of the Parent and the Parent’s consolidated Subsidiaries
      on a consolidated basis in accordance with GAAP consistently applied, subject
      to
      normal year-end audit adjustments and the absence of footnotes. 

     

    (c)    (i)
      together with the financial statements delivered in clause (a) above, the
      unaudited balance sheet and related statements of operations, owners’ capital
      and cash flows of each of the Parent’s Unrestricted Subsidiaries as of the end
      of and for such fiscal year, setting forth in each case in comparative form
      the
      figures for the previous fiscal year, and (ii) together with the financial
      statements delivered in clause (b) above, for each of the Parent’s Unrestricted
      Subsidiaries, the unaudited balance sheet as of the end of such fiscal quarter,
      the unaudited statements of operations for such fiscal quarter and the
      then-elapsed portion of the fiscal year and the unaudited statements of cash
      flows for the then elapsed portion of the fiscal year, setting forth in each
      case in comparative form the figures for the corresponding period or periods
      of
      (or, in the case of the balance sheet, as of the end of the previous fiscal
      year) and the unaudited statement of owners’ capital for the then elapsed
      portion of the fiscal year, in the case of (i) and (ii) all certified by a
      Financial Officer of the Parent as presenting fairly in all material respects
      the financial condition and results of operations of such Unrestricted
      Subsidiaries in accordance with GAAP consistently applied, subject to normal
      year-end audit adjustments and the absence of footnotes;

     

    (d)    concurrently
      with any delivery of financial statements under clause (a), (b) or (c) above,
      a
      certificate of a Financial Officer of the Parent (i)
      certifying as to whether a Default has occurred and, if a Default has occurred,
      specifying the details thereof and any action taken or proposed to be taken
      with
      respect thereto, (ii)
      setting
      forth reasonably detailed calculations demonstrating compliance with Section
      6.15, and (iii)
      stating
      whether any change in GAAP or in the application thereof has occurred since
      the
      date of the audited financial statements referred to in Section 3.04 and, if
      any
      such change has occurred, specifying the effect of such change on the financial
      statements accompanying such certificate;

     

    
      
        
        

      

      
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    (e)    concurrently
      with any delivery of financial statements under clause (a), (b) or (c) above,
      a
      certificate of a Financial Officer of the Borrower either (i) attaching a
      supplement to the Perfection Certificate showing all changes and updates to
      the
      information disclosed in the Perfection Certificate since the later of the
      date
      of the Perfection Certificate or the date the Perfection Certificate was last
      supplemented or (ii) confirming that there has been no change in the information
      disclosed in the Perfection Certificate since the later of the date of the
      Perfection Certificate or the date the Perfection Certificate was last
      supplemented;

     

    (f)    concurrently
      with any delivery of financial statements under clause (a) above, a certificate
      of the accounting firm that reported on such financial statements stating
      whether they obtained knowledge during the course of their examination of such
      financial statements of any Default (which certificate may be limited to the
      extent required by accounting rules or guidelines and such accounting firm’s
      internal policies and procedures);

     

    (g)    concurrently
      with the delivery of the certificate required by clause (d) above, and
      additionally on any other day when the Borrowing Base changes, including because
      of any change to Adjusted Consolidated EBITDA intra-quarter because of
      transactions being accounted for on a Pro Forma
      Basis or
      the redesignation of a Restricted Subsidiary or an Unrestricted Subsidiary,
      a
      certificate of a Financial Officer of the Borrower setting forth the Borrower’s
      calculation of the Borrowing Base based on the Test Period most recently ended
      (the “Borrowing
      Base Certification”).

     

    (h)    promptly
      upon their becoming available, true and correct copies of (i) all financial
      statements, reports, notices and proxy statements sent by the Parent to its
      unitholders and all registration statements, periodic reports and other
      statements and schedules filed by the Parent or the Subsidiaries with and as
      required by the SEC and made available on EDGAR, which shall be made available
      on the Parent’s website, and (ii) as reasonably requested by the Administrative
      Agent, all reports, forms and notices filed by the Parent or the Subsidiaries
      with FERC or any similar Governmental Authority;

     

    (i)
    promptly
      upon the receipt thereof by the Borrower or any other Borrower Party, a copy
      of
      any “management letter” received by any such Person from its certified public
      accountants that indicates, in the reasonable good faith judgment of the General
      Partner’s board of directors (or the board of directors of the general partner
      of the Borrower), a potential material weakness in such Person’s internal
      controls or procedures and the management’s responses thereto;

     

    (j)
    on
      or
      before the first day of each fiscal year of the Parent, a copy of the annual
      budget and projections for such fiscal year for the Parent and the Subsidiaries,
      in form and substance reasonably satisfactory to the Administrative Agent,
      accompanied by a certificate of a Financial Officer of the Borrower to the
      effect that such budget and projections have been prepared on the basis of
      sound
      financial planning practice and that such Financial Officer has no reason to
      believe they are incorrect or misleading in any material respect;

     

    (k)    within
      thirty days after the end of any fiscal quarter of the Borrower, a hedging
      position report in a form reasonably satisfactory to the Administrative
      Agent;

     

    
      
        
        

      

      
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    (l)    
at
      any
      time upon or after the Parent or any Restricted Subsidiary having Indebtedness
      rated by Moody’s or S&P, prompt written notice of such rating or change in
      such rating; 

     

    (m)   
         a
      notice
      within the time period required by applicable SEC rules of it or any Restricted
      Subsidiary entering into or terminating a Material Agreement, including, upon
      the request of the Administrative Agent, a copy of any new Material Agreement;
      and

     

    (n)    promptly
      following any request therefor, such other information regarding the operations,
      business affairs and financial condition of the Parent, any Subsidiary or Joint
      Venture (including unaudited consolidating financial statements), or compliance
      with the terms of this Agreement and the other Loan Documents, as the
      Administrative Agent or any Lender may reasonably request.

     

    Any
      information that Borrower is required to deliver to the Administrative Agent
      or
      any Lender pursuant to this Section 5.01 shall be deemed delivered if and when
      such information is filed on EDGAR or the equivalent thereof with the SEC.
      

     

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

     

    (a)    the
      occurrence of any Default;

     

    (b)    the
      filing or commencement of any action, suit or proceeding by or before any
      arbitrator or Governmental Authority or any other claim (i)
      against
      or affecting the Parent or any Subsidiary or Joint Venture, that, if adversely
      determined, could reasonably be expected to result in liability of the Borrower
      Parties, taken as a whole, in an aggregate amount exceeding $500,000 or
      (ii)
      relating
      to any Loan Document;

     

    (c)    if
      and
      when any ERISA Affiliate (i)
      gives or
      is required to give notice to the PBGC of any “reportable event” (as defined in
      Section 4043 of ERISA) with respect to any Plan which could reasonably be
      expected to constitute grounds for a termination of such Plan under Title IV
      of
      ERISA, or knows that the plan administrator of any Plan has given or is required
      to give notice of any such reportable event, a copy of the notice of such
      reportable event given or required to be given to the PBGC; (ii)
      receives
      notice of complete or partial Withdrawal Liability under Title IV of ERISA
      or
      notice that any Multiemployer Plan is in reorganization, is insolvent or has
      been terminated, a copy of such notice; (iii)
      receives
      notice from the PBGC under Title IV of ERISA of an intent to terminate, impose
      liability (other than for premiums under Section 4007 of ERISA) in respect
      of,
      or appoint a trustee to administer any Plan, a copy of such notice;
      (iv)
      applies
      for a waiver of the minimum funding standard under Section 412 of the Code,
      a
      copy of such application; (v)
      gives
      notice of intent to terminate any Plan under Section 4041(c) of ERISA, a copy
      of
      such notice and other information filed with the PBGC; (vi)
      gives
      notice of withdrawal from any Plan pursuant to Section 4063 of ERISA, a copy
      of
      such notice; or (vii)
      fails to
      make any payment or contribution to any Plan or Multiemployer Plan or in respect
      of any Benefit Arrangement or makes any amendment to any Plan or Benefit
      Arrangement which has resulted or could reasonably be expected to result in
      the
      imposition of a Lien or the posting of a bond or other security, a certificate
      of a Financial Officer of each of the Borrower and the Parent setting forth
      details as to such occurrence and action, if any, which the Borrower, the Parent
      or applicable ERISA Affiliate is required or proposes to take, but only to
      the
      extent occurrences described in the preceding clauses (i) through (vii),
      individually or in the aggregate, could reasonably be expected to have a
      Material Adverse Effect;

     

    
      
        
        

      

      
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    (d)    any
      Environmental Claim or Environmental Liability that could reasonably be expected
      to exceed $500,000 or more, or any notice of potential liability under
      Environmental Laws that might reasonably be expected to exceed such
      amount;

     

    (e)    the
      occurrence of (i) any material Casualty Event relating to Property of the Parent
      or any Restricted Subsidiary or (ii) any Casualty Event relating to the Property
      of an Unrestricted Subsidiary or Joint Venture if such Casualty Event could
      reasonably be expected to have a Material Adverse Effect;

     

    (f)
    the
      incurrence of any material Lien against the Collateral unless such Liens are
      permitted by Section 6.02; and

     

    (g)    any
      other
      development that has resulted 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 Responsible Officer of 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.

     

    (a)    It
      will,
      and will cause its subsidiaries and Joint Ventures to, do or cause to be done
      all things necessary to preserve, renew and keep in full force and effect its
      legal existence, except as otherwise permitted under Section 6.03 or Section
      6.06 or, in the case of any subsidiary or Joint Venture, where the failure
      to
      perform such obligation, individually or in the aggregate, could not reasonably
      be expected to have a Material Adverse Effect. 

     

    (b)    (i)
      It will
      do or cause to be done all things necessary to obtain, preserve, renew, extend
      and keep in full force and effect the rights, licenses, leases, servitudes,
      easements, permits, privileges, franchises, authorizations, patents, copyrights,
      trademarks and trade names necessary for the conduct of its and its
      subsidiaries’ business; (ii)
      it will
      or will cause its Restricted Subsidiaries to maintain and operate such business
      in substantially the manner in which it is presently conducted and operated;
      (iii)
      it will
      and will cause its subsidiaries and Joint Ventures to comply with all applicable
      Governmental Requirements (including any and all zoning, building, Environmental
      Law, ordinance, code or approval or any building permits or restrictions of
      record or agreements affecting the Real Property or Pipelines) and decrees
      and
      orders of any Governmental Authority, whether now in effect or hereafter
      enacted; (iv)
      it will
      pay and perform and cause its Restricted Subsidiaries to pay and perform its
      and
      their respective obligations under all leases and Loan Documents; and
(v)
      it will
      at all times and will cause its subsidiaries and Joint Ventures at all times
      to
      preserve and protect all Property material to the conduct of such business
      and
      keep all such Property in good working order and condition
      (other than wear and tear occurring in the ordinary course of business or caused
      by Casualty Events) and from time to time make or cause to be made all needful
      and proper repairs, renewals, additions, improvements and replacements thereto
      necessary in order that the business carried on in connection therewith may
      be
      properly conducted at all times, except in the case of each of clause (i)
      through (v) above, where the failure to comply, individually or in the
      aggregate, could not reasonably be expected to have a Material Adverse Effect;
      provided
      that
      nothing in this Section 5.03(b) shall prevent (x) sales of Property,
      consolidations or mergers by or involving it or any of its subsidiaries in
      accordance with Section 6.03 and Section 6.06, (y) the withdrawal by it or
      any
      of its subsidiaries of its or their respective foreign qualification in any
      jurisdiction where such withdrawal, individually or in the aggregate, could
      not
      reasonably be expected to have a Material Adverse Effect or (z) the abandonment
      by it or any of its subsidiaries or Joint Ventures of any rights, franchises,
      licenses, trademarks, trade names, copyrights or patents that such Person
      reasonably determines are not useful to such Person’s business or are no longer
      commercially desirable. 

     

    
      
        
        

      

      
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    SECTION
      5.04    Payment
      of Obligations and Taxes.
      It
      will, and will cause each of its Restricted Subsidiaries to, pay its and their
      respective material Indebtedness and obligations promptly and in accordance
      with
      their terms and pay and discharge promptly when due all material Taxes,
      assessments and governmental charges or levies imposed upon it or them or its
      or
      their respective income or profits in respect of its or their respective
      Property, before the same shall become delinquent or in default, as well as
      all
      material lawful claims for labor, services, materials and supplies or otherwise
      that, if unpaid, might give rise to a Lien other than any Lien permitted by
      Section 6.02 upon such Properties or any part thereof, except where
      (a)
      the
      validity or amount thereof is being contested in good faith by appropriate
      proceedings, (b)
      it or
      such Restricted Subsidiary has set aside on its books adequate reserves or
      other
      appropriate provisions with respect thereto in accordance with GAAP and
      (c)
      the
      failure to make payment pending such contest could not reasonably be expected
      to
      have a Material Adverse Effect. It will and will cause each of its subsidiaries
      and Joint Ventures to timely file all material Tax returns, unless the failure
      to file such Tax returns of an Unrestricted Subsidiary or Joint Venture could
      not, individually or in the aggregate, reasonably be expected to have a Material
      Adverse Effect.

     

    SECTION
      5.05    Material
      Agreements.
      It
      will, and will cause each its Restricted Subsidiaries to (a)
      maintain
      in full force and effect each Material Agreement to which it is party except
      any
      such Material Agreement as shall expire by its terms, (b)
      observe
      and comply with the terms of each such Material Agreement and enforce the
      observance and compliance thereof by the counterparties thereto, (c)
      maintain
      in full force and effect its Organizational Documents including the Partnership
      Agreement, and (d)
      observe
      and comply with the terms of such Organizational Documents and enforce the
      observance and compliance thereof by the counterparties thereto, except, in
      each
      case, where the failure to so maintain, observe or comply, individually or
      in
      the aggregate, could not reasonably be expected to have an adverse effect on
      the
      Administrative Agent, the Issuing Banks or the Lenders.

     

    SECTION
      5.06    Books
      and Records; Inspection Rights.
      It
      will, and will cause each of its subsidiaries and Joint Ventures to, in all
      material respects, keep proper books of record and account in which full, true
      and correct entries (in conformity with Governmental Requirements, as
      applicable) allowing for financial statements to be prepared in conformity
      with
      GAAP are made of all dealings and transactions in relation to the Borrower’s
      Business and the business of each Material Subsidiary, except, with respect
      to
      any Unrestricted Subsidiary or Joint Venture, where the failure to do so could
      not, individually or in the aggregate, reasonably be expected to have a Material
      Adverse Effect. Upon reasonable notice, it will, and will cause each of its
      Restricted Subsidiaries to, permit any representatives designated by the
      Administrative Agent or any Lender, to visit and inspect the financial records
      and Property of such Person at reasonable times during normal business hours
      and
      as often as reasonably requested and at such time to make extracts from and
      copies of such financial records, and permit any representatives designated
      by
      the Administrative Agent or any Lender to discuss the affairs, finances,
      accounts and condition of such Person with the officers and employees thereof
      and advisors thereof (including independent accountants).

     

    
      
        
        

      

      
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    SECTION
      5.07    Compliance
      with Laws.
      It
      will, and will cause each of its subsidiaries and Joint Ventures 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 have a Material Adverse
      Effect.

     

    SECTION
      5.08    Use
      of
      Proceeds and Letters of Credit.
      The
      proceeds of the Loans will be used only for working capital and general
      partnership purposes of the Borrower and the other Borrower Parties (including
      for distributions to its holders of Equity Interests to allow the Parent to
      make
      distributions to its holders of Equity Interests, in each case, to the extent
      permitted by Section 6.08, and to make Acquisitions to the extent permitted
      by
      Section 6.05), and the proceeds of the Loans made on the Effective Date can
      and
      shall also be used to pay in full all loans and other obligations owing pursuant
      to the Existing Credit Agreement. The Letters of Credit shall be used for
      general business purposes in the ordinary course of business. Notwithstanding
      anything in this Section 5.08 to the contrary, 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 Regulation T,
      Regulation U and Regulation X.

     

    SECTION
      5.09    Environmental
      Laws. 

     

    (a)    It
      shall
      at its sole expense: (i)
      comply
      and cause its and its subsidiaries’ and Joint Ventures’ Properties and
      operations to comply with all Environmental Laws, the breach of which could,
      individually or in the aggregate, reasonably be expected to have a Material
      Adverse Effect, (ii)
      not
      dispose or permit any of its subsidiaries to dispose of or otherwise release
      any
      oil, oil and gas waste, Hazardous Material or solid waste on, under, about
      or
      from any of its or its subsidiaries’ or Joint Ventures’ Property or any other
      Property to the extent caused by its or any of its subsidiaries’ or Joint
      Ventures’ operations, the disposal or release of which could, individually or in
      the aggregate, reasonably be expected to have a Material Adverse Effect,
      (iii)
      timely
      obtain or file and cause each of its subsidiaries and Joint Ventures to timely
      obtain and file all notices, permits, licenses, exemptions, approvals,
      registrations or other authorizations, if any, required under Environmental
      Law
      to be obtained or filed in connection with operation or use of its or its
      subsidiaries’ or Joint Ventures’ Properties, which failure to obtain or file
      could, individually or in the aggregate, reasonably be expected to have a
      Material Adverse Effect, (iv)
      promptly
      commence or cause each of its subsidiaries and Joint Ventures to promptly
      commence and diligently prosecute to completion any assessment, evaluation,
      investigation, monitoring, containment, clean-up, removal, repair, restoration,
      remediation or other remedial obligations (collectively, the “Remedial
      Work”)
      in the
      event any Remedial Work is required or reasonably necessary under Environmental
      Law because of or in connection with the actual or alleged past, present or
      future disposal or other release or any oil, oil and gas waste, Hazardous
      Material or solid waste on, under, about or from any of its or any of its
      subsidiaries’ or Joint Ventures’ Properties, which failure to commence and
      diligently prosecute to completion could, individually or in the aggregate,
      reasonably be expected to have a Material Adverse Effect, and (v)
      establish and implement and cause each of its subsidiaries and Joint Ventures
      to
      establish and implement such procedures as may be necessary to continuously
      determine and assure that its and its subsidiaries’ and Joint Ventures’
obligations under this Section 5.10(a) are timely and fully satisfied, which
      failure to establish and implement could, individually or in the aggregate,
      reasonably be expected to have a Material Adverse Effect. 

     

    
      
        
        

      

      
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    (b)    If
      a
      Default caused by reason of a breach of Section 3.21 or Section 5.09(a) shall
      have occurred and be continuing for more than twenty days after it or its
      subsidiaries or Joint Ventures become aware of such Default without it or its
      subsidiaries or Joint Ventures commencing activities reasonably likely to cure
      such Default or otherwise responding to such Default as required by
      Environmental Laws, then at the reasonable request of the Administrative Agent
      or the Required Lenders, it will provide or cause its subsidiaries or Joint
      Ventures to provide, at its expense, an environmental assessment report
      regarding the matters that are the subject of such Default, prepared by an
      environmental consulting firm and in form and substance reasonably acceptable
      to
      the Administrative Agent indicating the environmental conditions creating the
      Default and the estimated cost of any compliance or response to address them;
      provided,
      however,
      that it
      will not be required to conduct any invasive procedures in connection with
      any
      such assessment. If any invasive procedures are performed in connection with
      any
      such assessment, it will provide or cause its Subsidiaries to provide
      information relating to such invasive procedures to the Administrative
      Agent.

     

    SECTION
      5.10    Additional
      Collateral; Additional Guarantors.

     

    (a)    With
      respect to any right, title or interest of it or any of its Restricted
      Subsidiaries in (x) any Equity Interests, Real Property, Pipelines or other
      Property of a type subject to the Security Documents and acquired after the
      date
      of this Agreement, (y) any Property of a type subject to the Security Documents
      and arising from Organic Growth, or (z) Real Property or Pipelines located
      in
      the State of Oklahoma and owned by the Borrower Parties on the Effective Date
      if
      the Consolidated EBITDA contributed by the operation of such Real Property
      and
      Pipelines located in the State of Oklahoma at any time exceeds $50,000 in the
      aggregate in any fiscal quarter, it will, in the case of (x), (y) or (z), prior
      to or concurrently with any delivery of financial statements under Section
      5.01(a), (b) or (c) (or, if sooner, within ten Business Days after such
      acquisition is consummated if the aggregate fair market value of all Equity
      Interests, Real Property or other Property so acquired since financial
      statements were last delivered under Section 5.01(a), (b) or (c) is greater
      than
      $5,000,000) (i)
      provide
      an updated Perfection Certificate to the Administrative Agent showing all
      changes and updates to the information disclosed in the Perfection Certificate
      since the later of the date of the Perfection Certificate or the date the
      Perfection Certificate was last supplemented or confirming that there has been
      no change in the information disclosed in the Perfection Certificate since
      the
      later of the date of the Perfection Certificate or the date the Perfection
      Certificate was last supplemented, and (ii)
      grant or
      cause to be granted to the Administrative Agent for the benefit of the Secured
      Parties a First Priority Lien of record on all such Equity Interests, Real
      Property, Pipelines and Property (other than such Equity Interests, Real
      Property, Pipelines and Property encumbered by prior Liens in existence at
      the
      time of the acquisition thereof and not created in anticipation of such
      acquisition, in which case the Lien of the Administrative Agent for the benefit
      of the Secured Parties shall be of such priority as is permitted by such prior
      Lien), upon terms substantially the same as those set forth in the Security
      Documents for Property of a similar type, and complete such other actions as
      would have been necessary to satisfy the conditions set forth in Section 4.01
      had such Property been owned thereby on the date of this Agreement. It, at
      its
      own expense, shall execute, acknowledge and deliver, or cause its Restricted
      Subsidiaries to execute, acknowledge and deliver, and thereafter register,
      file
      or record, or cause its Restricted Subsidiaries to register, file or record,
      in
      an appropriate governmental office, any document or instrument deemed by the
      Administrative Agent to be necessary or desirable for the creation and
      perfection of the foregoing Liens and deliver Uniform Commercial Code or other
      Lien searches in jurisdictions requested by the Administrative Agent with
      respect to such Equity Interests and other Property and legal opinions
      reasonably requested by the Administrative Agent or any Lender and shall pay,
      or
      cause to be paid, all taxes and fees related to such registration, filing or
      recording.

     

    
      
        
        

      

      
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    (b)    It
      will
      cause each Restricted Subsidiary that is created or acquired subsequent to
      the
      date of this Agreement to become a party to each applicable Loan Document,
      including the Guarantee and Collateral Agreement, and to promptly execute and
      deliver to the Administrative Agent all such documents, agreements and
      instruments necessary to accomplish such obligation, including supplements
      to
      the Perfection Certificate and legal opinions (if requested by the
      Administrative Agent or any Lender) relating to such Restricted Subsidiary,
      which opinions shall be in form and substance, and from counsel, reasonably
      satisfactory to the Administrative Agent. It will, or will cause its Restricted
      Subsidiaries to, pledge all of the Equity Interests of such newly created or
      acquired Restricted Subsidiary (including delivery of original stock
      certificates or other certificates evidencing the Equity Interests of such
      Restricted Subsidiary, if any, together with an appropriate undated stock power
      for each certificate duly executed in blank by the registered owner thereof)
      to
      the Administrative Agent. The Parent and the Borrower shall cause 100% of the
      Equity Interests in all Restricted Subsidiaries to be pledged to the
      Administrative Agent at all times pursuant to the Guarantee and Collateral
      Agreement or, if the pledgor thereof is the General Partner, pursuant to the
      General Partner Pledge Agreement or a substantially similar agreement
      satisfactory to the Administrative Agent.

     

    (c)    With
      respect to each Unrestricted Subsidiary and Joint Venture, it will pledge or
      cause its Restricted Subsidiaries to pledge its Equity Interests in each such
      Unrestricted Subsidiary and Joint Venture unless (x) such Equity Interests
      are
      otherwise required to be pledged in order to secure the Non-Recourse Obligations
      of such Unrestricted Subsidiary or Joint Venture or to secure the obligations
      of
      the Borrower Party that directly owns such Equity Interests pursuant to a
      Guarantee permitted by Section 6.01(e), or (y) with respect to Joint Ventures,
      (A) the Organizational Documents of such Joint Venture prohibit such pledge
      or
      (B) such Equity Interests are otherwise required to be pledged to secure
      obligations to the other holders of Equity Interest in such Joint Venture;
      provided
      that in
      the event such Equity Interests are required to be so pledged, the direct parent
      of the Restricted Subsidiary that owns such pledged Equity Interests shall
      have
      pledged (pursuant to the Guarantee and Collateral Agreement) 100% of the Equity
      Interests of such Restricted Subsidiary.

     

    
      
        
        

      

      
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    SECTION
      5.11    Security
      Interests; Further Assurances.
      Promptly upon the reasonable request of the Administrative Agent or any Lender,
      at its expense, it will execute, acknowledge and deliver, and cause its
      Restricted Subsidiaries to execute, acknowledge and deliver and thereafter
      register, file or record, and cause its Restricted Subsidiaries to register,
      file or record, in an appropriate governmental office, any document or
      instrument supplemental to or confirmatory of the Security Documents or
      otherwise deemed by the Administrative Agent reasonably necessary or desirable
      for the continued validity, perfection and priority of the Liens on the
      Collateral covered thereby with no other Liens thereon except as permitted
      by
      the Loan Documents, or obtain any consents or waivers as may be necessary or
      appropriate in connection therewith. It will and will cause its Restricted
      Subsidiaries to deliver or cause to be delivered to the Administrative Agent
      from time to time such other documentation, consents, authorizations, approvals
      and orders in form and substance reasonably satisfactory to the Administrative
      Agent as the Administrative Agent shall reasonably deem necessary to perfect
      or
      maintain the Liens on the Collateral pursuant to the Security Documents. Upon
      the exercise by the Administrative Agent or any Lender of any power, right,
      privilege or remedy pursuant to any Loan Document which requires any consent,
      approval, registration, qualification or authorization of any Governmental
      Authority, it will and will cause its Restricted Subsidiaries to execute and
      deliver all applications, certifications, instruments and other documents and
      papers that the Administrative Agent or such Lender may require. If the
      Administrative Agent or the Required Lenders determine that they are required
      by
      law to have appraisals prepared in respect of the Real Property of any
      Restricted Subsidiary constituting or about to become Collateral, it shall
      provide to the Administrative Agent appraisals that satisfy the applicable
      requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are
      otherwise in form and substance reasonably satisfactory to the Administrative
      Agent.

     

    SECTION
      5.12    Insurance.

     

    (a)    Generally.
      It will
      and will cause its Restricted Subsidiaries to keep its and their respective
      insurable Property adequately insured at all times by reputable insurers that
      are, to the respective Knowledge of it or such Restricted Subsidiary,
      financially sound; and maintain other insurance, to such extent and against
      such
      risks as is customary with companies in the same or similar businesses operating
      in the same or similar locations, including insurance with respect to Mortgaged
      Properties and other properties material to the Borrower’s Business or material
      to the business of any Material Subsidiary against such casualties and
      contingencies and of such types and in such amounts with such deductibles as
      is
      customary in the case of similar businesses operating in the same or similar
      locations.

     

    (b)    Requirements
      of Insurance.
      The
      Borrower shall use commercially reasonable efforts to cause such insurance
      to
      (i)
      provide
      that no cancellation, material reduction in amount or material change in
      coverage thereof shall be effective until at least thirty days after receipt
      by
      the Administrative Agent of written notice thereof, and (ii)
      name the
      Administrative Agent as mortgagee (in the case of Real Property or, as
      applicable, Pipeline insurance) or additional insured on behalf of the Secured
      Parties (in the case of liability insurance) or loss payee (in the case of
      personal Property insurance), as applicable. All such insurance shall be
      reasonably satisfactory in all other respects to the Administrative
      Agent.

     

    
      
        
        

      

      
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    (c)    Certificates.
      Concurrently with the annual renewal of the insurance required to be maintained
      pursuant to this Section 5.12, if requested by the Administrative Agent, the
      Borrower shall deliver a certificate or certificates of insurance showing that
      all insurance required to be maintained pursuant to this Section 5.12 has been
      obtained and is in effect to the Administrative Agent.

     

    (d)    Flood
      Insurance.
      With
      respect to each portion of Mortgaged Property (other than Pipelines) on
      which improvements
      are located, it will and will cause its Restricted Subsidiaries to obtain flood
      insurance in such total amount as the Administrative Agent or the Required
      Lenders may from time to time require, if at any time the area in which any
      improvements located on any Mortgaged Property is designated a “flood hazard
      area” in any Flood Insurance Rate Map published by the Federal Emergency
      Management Agency (or any successor agency), and otherwise comply with the
      National Flood Insurance Program as set forth in the Flood Disaster Protection
      Act of 1973, as amended from time to time. 

     

    SECTION
      5.13    Agreements
      Respecting Unrestricted Subsidiaries.

     

    (a)    It
      will
      operate each Unrestricted Subsidiary in such a manner as to make it apparent
      to
      all creditors of such Unrestricted Subsidiary that such Unrestricted Subsidiary
      is a legal entity separate and distinct from the Borrower or any Restricted
      Subsidiary and as such is solely responsible for its debts and other
      obligations, and such manner shall include the maintenance of a board of
      directors for such Unrestricted Subsidiary that contains at least one director
      that is not on the board of the Parent or any Restricted
      Subsidiary.

     

    (b)    It
      will,
      in connection with any Indebtedness or Guarantee obligations incurred by each
      Unrestricted Subsidiary, except as permitted pursuant to Section 5.13(c) and
      Section 6.04(g)(i), (i) cause such Unrestricted Subsidiary to incur such
      Indebtedness only as a Non-Recourse Obligation, and (ii) cause such Unrestricted
      Subsidiary to incur any such Indebtedness or Guarantee obligations relating
      to
      borrowed money in excess of $1,000,000 only under a loan agreement, note, lease,
      instrument or other agreement that expressly states that such Indebtedness
      is
      being incurred by such Unrestricted Subsidiary as a Non-Recourse Obligation
      (for
      the avoidance of doubt, this clause (ii) is not intended to limit the
      restrictions set forth in Section 5.13 or Section 6.04 or elsewhere in the
      Loan
      Documents); provided
      that no
      such agreement, note, lease, instrument or other agreement shall be required
      to
      include such statement if such agreement, note, lease, instrument or other
      agreement was in effect on the date such Person became an Unrestricted
      Subsidiary.

     

    (c)    Notwithstanding
      any provision of the Loan Documents to the contrary, the Borrower and the other
      Borrower Parties may incur Guarantee obligations in the ordinary course of
      business consisting of Guarantees of performance obligations of Unrestricted
      Subsidiaries as long as such Guarantees do not constitute Guarantees of payment
      or Guarantees of performance of obligations that would result in the payment
      of
      any Indebtedness; provided,
      that
      the amount that has been or could reasonably be expected to be incurred pursuant
      to all such performance Guarantees is not greater than $200,000 in the
      aggregate.

     

    
      
        
        

      

      
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    SECTION
      5.14    Post-Effective
      Date Items.
      It will
      execute and deliver the documents and complete the tasks set forth on
Schedule
      5.14,
      in each
      case within the time limits specified on such schedule.

    

    ARTICLE
      VI

    NEGATIVE
      COVENANTS

    

    Commencing
      on the date of this Agreement, until the Committed Amount has expired or been
      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 Parent
      and
      the Borrower each covenant and agree with the Lenders that:

     

    SECTION
      6.01    Indebtedness.
      It will
      not, and will not permit any of its Restricted Subsidiaries to, create, incur,
      assume or permit to exist any Indebtedness, except:

     

    (a)    Indebtedness
      incurred pursuant to this Agreement (including the Existing Letters of
      Credit);

     

    (b)    Indebtedness
      existing on the date hereof and set forth in Schedule
      6.01
      and
      extensions, renewals and replacements of any such Indebtedness that do not
      increase the outstanding principal amount thereof;

     

    (c)    Indebtedness
      of the Borrower to any Restricted Subsidiary of the Borrower and of any
      Restricted Subsidiary of the Borrower to the Borrower or any other Restricted
      Subsidiary of the Borrower;

     

    (d)    Guarantees
      by any Borrower Party of obligations of the Borrower or any Restricted
      Subsidiary of the Borrower that are otherwise permitted hereunder, and by any
      Restricted Subsidiary of the Borrower of obligations of the Borrower or any
      other Restricted Subsidiary of the Borrower that are otherwise permitted
      hereunder;

     

    (e)    Guarantees
      by any Borrower Party of up to (i) an aggregate of $7,500,000 of Indebtedness
      of
      the Sandhill Joint Venture outstanding at any time, and (ii) an additional
      aggregate $2,000,000 of Indebtedness of one or more Joint Ventures, including
      the Sandhill Joint Venture, outstanding at any time;

     

    (f)    
Indebtedness
      pursuant to Hedging Agreements permitted pursuant to Section 6.07;

     

    (g)    Indebtedness
      of any Borrower Party owing in connection with deferred payments of insurance
      premiums; provided
      that all
      such Indebtedness of all Borrower Parties shall not exceed $5,000,000
      outstanding at any one time; 

     

    (h)    Indebtedness
      not to exceed $5,000,000 in the aggregate outstanding at any one time consisting
      of Non-Recourse Obligations of a Restricted Subsidiary assumed by such
      Restricted Subsidiary in connection with any Acquisition permitted pursuant
      to
      Section 6.05 (or, if such Restricted Subsidiary is acquired as part of such
      Acquisition, existing prior thereto); provided
      that
      such Indebtedness exists at the time of such Acquisition at least in the amounts
      assumed in connection therewith and is not drawn down, created or increased
      in
      contemplation of or in connection with or subject to such
      Acquisition;

     

    
      
        
        

      

      
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    (i)    
Indebtedness
      in respect of Purchase Money Obligations and refinancings or renewals thereof,
      in an aggregate amount not to exceed $1,000,000 at any one time
      outstanding;

     

    (j)    
other
      unsecured Indebtedness; provided
      that (i)
      such other unsecured Indebtedness is on terms no less favorable to the Borrower
      Parties than the Loan Documents and (ii) such other Indebtedness has a maturity
      not earlier than the Maturity Date; and

     

    (k)    Indebtedness
      constituting current trade liabilities in an aggregate outstanding amount at
      any
      one time not to exceed $150,000.

     

    SECTION
      6.02    Liens.
      It will
      not, and will not permit any of its Restricted Subsidiaries to, create, incur,
      assume or permit to exist any Lien on any Property or asset now owned or
      hereafter acquired by it, or assign or sell any income or revenues (including
      accounts receivable) or rights in respect of any thereof, except:

     

    (a)    Permitted
      Encumbrances;

     

    (b)    Liens
      entered into under the Loan Documents, including the Security Documents;

     

    (c)    any
      Lien
      on any Property or asset of it or any other Borrower Party existing on the
      date
      hereof and set forth in Schedule
      6.02;
      provided
      that (i)
      such Lien shall not apply to any other Property or asset of the Borrower or
      any
      Restricted Subsidiary and (ii) such Lien shall secure only those obligations
      which it secures on the date hereof and extensions, renewals and replacements
      thereof that do not increase the outstanding principal amount
      thereof;

     

    (d)    Liens
      created pursuant to construction, operating, reciprocal easements, farmout
      and
      maintenance agreements, space lease agreements, joint venture agreements and
      related documents (to the extent requiring a Lien on the Equity Interest owned
      by any Borrower Party in the applicable Joint Venture is required thereunder),
      division order, contracts for sale, transportation or exchange of oil and
      natural gas, unitization and pooling declarations and agreements, area of mutual
      interest agreements and other similar agreements, in each case having ordinary
      and customary terms (including with respect to Liens) and entered into in the
      ordinary course of business and securing obligations other than
      Indebtedness;

     

    (e)    Liens
      (i)
      represented by the escrow of cash or Permitted Investments securing the
      obligations of any Borrower Party under any agreement to acquire, or pursuant
      to
      which it acquired, any Property, which Liens secure the obligations of such
      Borrower Party to the seller of such Property, or (ii)
      on
      assets pursuant to merger agreements, stock or asset purchase agreements and
      similar agreements in respect of the disposition of such assets, provided
      that
      such acquisition or agreement is permitted pursuant to the terms of this
      Agreement; and provided,
      further,
      with
      respect to clauses (i) and (ii) above, that such obligations shall not exceed
      $2,000,000 in the aggregate at any one time outstanding;

     

    
      
        
        

      

      
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    (f)    purchase-money
      Liens on Property acquired or held by any Borrower Party in the ordinary course
      of business to secure the purchase price of such Property or to secure
      Indebtedness incurred solely for the purpose of financing the acquisition of
      such Property to be subject to such Liens, or renewals or refinancings of any
      of
      the foregoing Liens for the same or a lesser amount; provided,
      however, that (i) no such Lien may extend to or cover any Property other than
      the Property being acquired and improvements and accessions thereto and proceeds
      thereof, (ii) no such renewal or refinancing may extend to or cover any Property
      not previously subject to the Lien being renewed or refinanced, (iii) the
      Indebtedness secured thereby does not exceed the cost or fair market value,
      whichever is lower, of the Property being acquired on the date of acquisition
      and (iv) the aggregate purchase price or Indebtedness incurred to finance the
      same secured by all such purchase-money Liens shall not exceed $1,000,000 at
      any
      one time outstanding; 

     

    (g)    Liens
      expressly permitted by Section 5.10(c)(x); and

     

    (h)    Liens
      securing Indebtedness permitted by Section 6.01(h); provided
      that any
      such Liens attach only to the Property being financed pursuant to such
      Indebtedness and do not encumber any other Property of any Borrower
      Party.
      

     

    SECTION
      6.03    Fundamental
      Changes; Limitations on Business; Limited Purpose of the Parent.

     

    (a)    It
      will
      not, and will not permit any of its Restricted Subsidiaries to, 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
      Restricted Subsidiaries (in each case, whether now owned or hereafter acquired),
      or liquidate or dissolve, except for transactions permitted by Section 6.06
      and
      except that, if at the time thereof and immediately after giving effect thereto
      no Default shall have occurred and be continuing (i)
      any
      Restricted Subsidiary of the Borrower may merge into the Borrower in a
      transaction in which the Borrower is the surviving corporation, (ii)
      any
      Restricted Subsidiary of the Borrower may merge into any other Restricted
      Subsidiary of Borrower in a transaction in which the surviving entity is a
      Borrower Party and (iii)
      any
      immaterial Subsidiary may liquidate or dissolve if the Borrower determines
      in
      good faith that such liquidation or dissolution is in the best interests of
      the
      Borrower and is not materially disadvantageous to the Issuing Banks or the
      Lenders; provided
      that any
      such merger involving a Person that is not a Wholly Owned Subsidiary immediately
      prior to such merger shall not be permitted unless also permitted by Section
      6.04.

     

    (b)    It
      will
      not and will not permit any of its subsidiaries or Joint Ventures to engage
      to
      any material extent in any business other than (i)
      gathering, transporting (by barge, pipeline, ship, truck or other modes of
      transportation), terminalling, storing, producing, acquiring, developing,
      exploring for, processing, dehydrating, marketing, trading, fractionating and
      otherwise handling hydrocarbons (including crude oil, natural gas, condensate,
      natural gas liquids, liquefied natural gas, and refined petroleum products),
      sulfur, sodium chloride and carbon dioxide, including constructing pipeline,
      platform, dehydration, processing and other related facilities, activities,
      services or derivative products related or ancillary thereto, (ii)
      businesses of the type conducted by it and its subsidiaries and Joint Ventures
      as of the date of this Agreement and businesses reasonably related thereto
      and
      (iii)
      any
      other businesses as long as the consolidated total assets principally relating
      to such other businesses, taken together, would not constitute greater than
      5%
      of consolidated total assets.

     

    
      
        
        

      

      
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    (c)    It
      will
      not permit any Restricted Subsidiary which is a general partner in or owner
      of a
      general partnership interest in an Unrestricted Subsidiary or a Joint Venture
      to
      acquire any Property after the Effective Date (or, if later, the date of
      acquisition or formation of such Joint Venture) except for distributions made
      to
      it by such Unrestricted Subsidiary or Joint Venture or other rights or interests
      relating to such Unrestricted Subsidiary or Joint Venture; or permit any
      Restricted Subsidiary which is a general partner in or owner of a general
      partnership interest in an Unrestricted Subsidiary or Joint Venture to engage
      in
      any business or activity other than holding the Equity Interest in and other
      rights or interests relating to such Unrestricted Subsidiary or Joint Venture
      held by it on the Effective Date (or, if later, the date of formation or
      acquisition of such Joint Venture). With respect to Unrestricted Subsidiaries
      and Joint Ventures formed after the Effective Date, it will not, and will not
      permit any other Borrower Party to, permit any Restricted Subsidiary to be
      the
      general partner in or owner of a general partnership interest in such Joint
      Venture or Unrestricted Subsidiary, unless such Restricted Subsidiary is a
      corporation or a limited liability company.

     

    (d)    It
      will
      not and will not permit any of its subsidiaries or Joint Ventures to Control,
      or
      own directly or indirectly any Equity Interests in, the General
      Partner.

     

    (e)    Notwithstanding
      anything to the contrary set forth in the Loan Documents other than Section
      10.17, the Parent shall not (i) own any Equity Interests other than Equity
      Interests in the Borrower (and Finance Co, after its formation), (ii) own
      Property such that if it were a Restricted Subsidiary, such ownership would
      result in it owning tangible Property having a fair market value in excess
      of 5%
      of the aggregate fair market value of all tangible Property of the Parent and
      its Restricted Subsidiaries, (iii) consolidate with or merge with or into any
      Person; or (iv) fail to hold itself out to the public as a legal entity separate
      and distinct from all other Persons. 

     

    (f)
    Notwithstanding
      anything to the contrary set forth in the Loan Documents, the Parent and the
      other Borrower Parties shall be permitted to enter into (i) intercompany
      receivables and payables arrangements with other Borrower Parties that are
      in
      the ordinary course of business and are consistent with past practice and (ii)
      performance guarantees permitted by Section 5.13(c). 

     

    SECTION
      6.04    Investments,
      Loans, Advances, and Guarantees.
      It will
      not, and will not permit any of its Restricted Subsidiaries to, purchase, hold
      or acquire (including pursuant to any merger with any Person that was not a
      Wholly Owned Subsidiary prior to such merger) any Equity Interest, evidences
      of
      Indebtedness or other securities (including any option, warrant or other right
      to acquire any of the foregoing) of, make or permit to exist any loans or
      advances to, Guarantee any obligations of, or make or permit to exist any
      Investment or any other interest in, any other Person, except:

     

    
      
        
        

      

      
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    (a)    Permitted
      Investments;

     

    (b)    Investments
      by it existing on the date hereof in the amounts existing on the date hereof,
      and additional Investments in the Equity Interests of its Restricted
      Subsidiaries;

     

    (c)    loans
      or
      advances made by the Parent or the
      Borrower to any Restricted Subsidiary of the Borrower and by any Restricted
      Subsidiary of the Borrower to the Borrower or to any other Restricted Subsidiary
      of the Borrower;

     

    (d)    performance
      Guarantees issued by any Borrower Party guaranteeing the obligations of (i)
      the
      Borrower or any Restricted Subsidiary of the Borrower and by any Restricted
      Subsidiary of the Borrower guaranteeing the obligations of the Borrower or
      any
      other Restricted Subsidiary of the Borrower and (ii) Unrestricted Subsidiaries
      as permitted by Section 5.13(c);

     

    (e)    Guarantees
      constituting Indebtedness permitted by Section 6.01;

     

    (f)
    Permitted
      Acquisitions;

     

    (g)    (i)
      Investments in Permitted Joint Ventures or Unrestricted Subsidiaries (in
      addition to the Investments described in clause (b) above), in an amount not
      to
      exceed $1,000,000 in the aggregate during the term of this Agreement, and (ii)
      additional Investments of up to $350,000 in USD Syngas LLC, the owner of the
      petroleum coke-to-ammonia project that is part of the business of the Faustina
      Joint Venture; 

     

    (h)    Investments
      evidenced by Hedging Agreements permitted by Section 6.07;

     

    (i)
    the
      contribution by the Borrower or any Restricted Subsidiary of the Equity
      Interests owned by it in a Joint Venture to another Joint Venture or the
      investment by the Borrower or any Restricted Subsidiary in another Joint Venture
      to the extent made with Equity Interests in a Joint Venture owned by it as
      long
      as (i) the Borrower or such Restricted Subsidiary receives in exchange equity
      interests in such transferee Joint Venture and (ii) unless otherwise agreed
      by
      the Required Lenders, if the transferred Equity Interests are subject to a
      Lien
      under the Loan Documents, the equity interests received in exchange become
      subject to a Lien under the Loan Documents;
      and

     

    (j)
    Investments
      (i)
      consisting of extensions of credit in the nature of accounts receivable arising
      from the grant of trade credit in the ordinary course of business and
      Investments by the Borrower or any other Borrower Party in satisfaction or
      partial satisfaction thereof from financially troubled account debtors to
      prevent or limit financial loss or (ii)
      consisting of the acquisition of securities in connection with the bankruptcy
      or
      reorganization of suppliers and customers.

     

    
      
        
        

      

      
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    SECTION
      6.05    Acquisitions.
      It will
      not, and will not permit any of its Restricted Subsidiaries to, purchase or
      otherwise acquire (in one transaction or a series of transactions) any assets
      of
      any other Person outside of the ordinary course of business except (a) Permitted
      Acquisitions, (b) Organic Growth and (c) Investments permitted pursuant to
      Section 6.04.

     

    SECTION
      6.06    Sale
      of Assets.
      It will
      not, and will not permit any of its Restricted Subsidiaries to, enter into
      any
      Divestiture or any other conveyance, sale, lease, sublease, assignment,
      transfer, or other disposition of any Property, except:

     

    (a)    sales
      of
      inventory and cash or Permitted Investments in the ordinary course of
      business;

     

    (b)    disposition
      of used, worn out, obsolete or surplus Property in the ordinary course of
      business;

     

    (c)    leases
      of
      Real Property or personal Property to third parties in the ordinary course
      of
      business;

     

    (d)    any
      disposition of assets by any Restricted Subsidiary of the Borrower to the
      Borrower or any other Restricted Subsidiary of the Borrower; 

     

    (e)    transfers
      of assets into a Joint Venture or Unrestricted Subsidiary so long as such Joint
      Venture or Unrestricted Subsidiary is permitted pursuant to Section 6.04;
provided
      that the
      fair market value of the assets transferred shall count against the amount
      of
      investments permitted by Section 6.04(g)(i); 

     

    (f)    
the
      sale
      or other disposition of any Unrestricted Subsidiary or Joint
      Venture;

     

    (g)    sales
      or
      discounts of overdue accounts receivable in the ordinary course of business
      in
      connection with the compromise or collection thereof; and

     

    (h)    as
      long
      as no Default or Event of Default has occurred and is continuing or would result
      therefrom, the Borrower Parties may sell or otherwise dispose of Property if
      100% of the consideration therefor is cash paid to a Borrower Party;
provided,
      that
      the aggregate cash proceeds (excluding customary fees, expenses, costs and
      Taxes
      paid in connection with the consummation of such sale or disposition) received
      by the Borrower Parties in any twelve month period resulting from all such
      sales
      or dispositions shall not exceed $2,000,000.

     

    To
      the
      extent the Required Lenders waive the provisions of this Section 6.06 with
      respect to the sale of any Collateral, or any Collateral is sold as permitted
      by
      this Section 6.06, such Collateral (unless sold to a Borrower Party) shall
      be
      sold free and clear of the Liens created by the Security Documents, and the
      Administrative Agent shall take all actions it deems appropriate in order to
      effect the foregoing.

     

    SECTION
      6.07    Hedging
      Agreements.
      It will
      not, and will not permit any of its subsidiaries or Joint Ventures to, enter
      into any Hedging Agreement, except for Hedging Agreements that are for the
      sole
      purpose of hedging in the normal course of business consistent with industry
      practices and not for speculative purposes.

     

    
      
        
        

      

      
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    SECTION
      6.08    Restricted
      Payments.
      It will
      not, and will not permit any of its Restricted Subsidiaries to, declare or
      make,
      or agree to pay or make, directly or indirectly, any Restricted Payment, except
      (a)
      any
      Restricted Subsidiary of the Borrower may declare and make Restricted Payments
      to the Borrower and its Restricted Subsidiaries and (b)
      the
      Borrower may make Restricted Payments to holders of its Equity Interests and
      the
      Parent may make Restricted Payments to the owners of its Equity Interests once
      per fiscal quarter, in each case set forth in this clause (b), to the extent
      of
      the amount of Distributable Cash for such quarter; provided,
      with
      respect to clauses (a) and (b) above, that no Default has occurred and is
      continuing or would result therefrom.

     

    SECTION
      6.09    Transactions
      with Affiliates.
      It will
      not, and will not permit any of its Restricted Subsidiaries to, sell, lease
      or
      otherwise transfer any Property or assets to, or purchase, lease or otherwise
      acquire any Property or assets from, or otherwise engage in any other
      transactions with, any of its Affiliates, except (a)
      in the
      ordinary course of business at prices and on terms and conditions not less
      favorable to it or such Restricted Subsidiary than could be obtained on an
      arm’s-length basis from unrelated third parties, (b)
      transactions between or among the Borrower Parties not involving any other
      Affiliate, (c)
      any
      Restricted Payment permitted by Section 6.08, and (d)
      pursuant
      to agreements that are in effect as of the date hereof, as set forth on
Schedule
      6.09.

     

    SECTION
      6.10    Restrictive
      Agreements.
      It will
      not, and will not permit any of its Restricted Subsidiaries to, directly or
      indirectly, enter into, incur or permit to exist any agreement or other
      arrangement, other than the Loan Documents, that prohibits, restricts or imposes
      any condition upon (a)
      except
      for Liens on Equity Interests in Joint Ventures owned by a Restricted Subsidiary
      created by the customary provisions in Joint Venture agreements and other
      similar agreements applicable to Joint Ventures or created by agreements
      evidencing Indebtedness of Joint Ventures, the ability of it or any of its
      Restricted Subsidiaries to create, incur or permit to exist any Lien upon any
      of
      its Property or assets, or (b)
      the
      ability of any of its Restricted Subsidiaries to make Restricted Payments with
      respect to any of its Equity Interests or to make or repay loans or advances
      to
      it or any other Restricted Subsidiary or it or any of its Restricted
      Subsidiaries to Guarantee Indebtedness of it or any other Restricted Subsidiary;
      provided
      that
(i)
      the
      foregoing shall not apply to restrictions and conditions imposed by law or
      by
      this Agreement, (ii)
      the
      foregoing shall not apply to customary restrictions and conditions contained
      in
      agreements relating to the sale of a subsidiary pending such sale, provided
      such
      restrictions and conditions apply only to the subsidiary that is to be sold
      and
      such sale is permitted hereunder and (iii)
      clause
      (a) of the foregoing shall not apply to customary provisions in leases and
      other
      contracts restricting the assignment thereof.

     

    SECTION
      6.11    Limitation
      on Modifications of Material Agreements.
      It will
      not and will not permit its Restricted Subsidiaries to (a)
      amend,
      modify or change, or consent to any amendment, modification or change to, any
      of
      the terms of any Material Agreement, or (b)
      amend,
      modify or change, or consent to any amendment, modification or change to, any
      of
      the terms of its or their Organizational Documents, including the Partnership
      Agreement, except, with respect to clauses (a) and (b) above, to the extent
      the
      same, individually or in the aggregate, could not reasonably be expected to
      have
      an adverse effect on the Administrative Agent, the Issuing Banks or the
      Lenders.

     

    
      
        
        

      

      
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    SECTION
      6.12    Creation
      of Subsidiaries.
      It will
      not, and will not permit any of its subsidiaries or Joint Ventures to, at any
      time create or acquire any (a)
      Restricted Subsidiary unless (i)
      such
      Restricted Subsidiary is a Wholly Owned Subsidiary of Borrower (or, in the
      case
      of Finance Co, a Wholly Owned Subsidiary of the Parent), (b)
      it has
      caused such Restricted Subsidiary to comply with the requirements of Sections
      5.10 and 5.11, and (iii)
      such
      creation or acquisition complies with Section 6.04; (b)
      Unrestricted Subsidiary or Joint Venture except as permitted pursuant to Section
      6.04; or (c)
      any
      Foreign Subsidiary without the prior written consent of the Required Lenders.
      Notwithstanding the foregoing, it will not permit any Unrestricted Subsidiary
      to
      own, directly or indirectly, any Equity Interests in any Restricted
      Subsidiary.

     

    SECTION
      6.13    Limitation
      on Leases.
      It will
      not and will not permit any of its Restricted Subsidiaries to create, incur,
      assume or suffer to exist any obligation for the payment of rent or hire of
      Property of any kind whatsoever (real or personal but excluding Capital Lease
      Obligations and leases of hydrocarbon interests otherwise permitted under this
      Agreement), under operating leases that would cause the aggregate amount of
      all
      payments made by it and its Restricted Subsidiaries pursuant to all such leases
      including any residual payments at the end of any lease, to exceed $10,000,000
      in any period of twelve consecutive calendar months during the life of such
      leases.

     

    SECTION
      6.14    Sale
      and Leasebacks.
      It will
      not and will not permit any of its Restricted Subsidiaries to enter into any
      arrangement, directly or indirectly, with any Person whereby it or any of its
      Restricted Subsidiaries shall sell or transfer any of its Property, whether
      now
      owned or hereafter acquired, and whereby it or any of its Restricted
      Subsidiaries shall then or thereafter rent or lease such Property or any part
      thereof or other Property that it or such Restricted Subsidiary intend to use
      for substantially the same purpose or purposes as the Property sold or
      transferred.

     

    SECTION
      6.15    Financial
      Condition Covenants.

     

    (a)    Leverage
      Ratio.
      The
      Parent will not permit its Consolidated Leverage Ratio to be in excess of 5.50
      to 1 at any time; provided
      that,
      upon the consummation of a Material Acquisition that is a Permitted Acquisition,
      the Parent will not permit such ratio to exceed 6.00 to 1.00 until the end
      of
      the last day of the third full fiscal quarter of the Borrower after the
      consummation of such Material Acquisition, at which time the maximum Leverage
      Ratio permitted to be maintained by the Parent will automatically revert back
      to
      5.50 to 1.

     

    (b)    Debt
      Service Coverage.
      The
      Parent will not permit its Consolidated Debt Service Coverage Ratio to be less
      than 3.00 to 1.00 at any time; provided
      that,
      upon the consummation of a Material Acquisition that is a Permitted Acquisition,
      the Parent will not permit such ratio to be less than 2.75 to 1.00 until the
      end
      of the last day of the third full fiscal quarter of the Borrower after the
      consummation of such Material Acquisition, at which time the lowest Debt Service
      Coverage Ratio permitted to be maintained by the Parent will automatically
      revert back to 3.00 to 1.00.

     

    
      
        
        

      

      
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    (c)    Capitalization.
      The
      Parent will not permit its Consolidated Capitalization Ratio to be greater
      than
      0.65 to 1.00 at any time; provided
      that,
      upon the consummation of a Material Acquisition that is a Permitted Acquisition,
      the Parent will not permit such ratio to exceed 0.80 to 1.00 until the end
      of
      the last day of the third full fiscal quarter of the Borrower after the
      consummation of such Material Acquisition, at which time the maximum
      Capitalization Ratio permitted to be maintained by the Parent will automatically
      revert back to 0.65 to 1.00.

     

    SECTION
      6.16    Gas
      Imbalances.
      It will
      not, and will not permit any of its Restricted Subsidiaries to, allow the
      incurrence of any gas imbalances other than those arising in the ordinary course
      of business and those that on a net basis could not, individually or in the
      aggregate, reasonably be expected to have a Material Adverse Effect. 

     

    SECTION
      6.17    Accounting
      Changes; Fiscal Year.
      It will
      not and will not permit any of its Restricted Subsidiaries to ww)
      make any
      material change in accounting treatment or reporting practices, except as
      required by GAAP or xx)
      change
      the fiscal year of such Person.

     

    SECTION
      6.18    Control
      Agreements.
      Neither
      it nor any of its Restricted Subsidiaries shall open any deposit account,
      securities account or commodities account without subjecting such account to
      a
      First Priority Lien in favor of the Administrative Agent for the benefit of
      the
      Secured Parties, pursuant to a Control Agreement in form and substance
      satisfactory to the Administrative Agent; provided,
      that
      the Borrower shall be permitted to maintain one deposit account with JPMorgan
      Chase Bank, N.A. or its Affiliates that is not subject to this requirements
      of
      this covenant, so long as the amount in such account at no time exceeds
      $100,000.

     

    SECTION
      6.19    Prepayments
      on Indebtedness.
      It will
      not and will not permit any of its Restricted Subsidiaries to, directly or
      indirectly make (or give any notice in respect of) any voluntary or optional
      payment or prepayment on or redemption or acquisition for value of, any
      prepayment or redemption as a result of any asset sale, change of control or
      similar event of, any outstanding Indebtedness, except prepayments of the
      Secured Obligations, prepayments of immaterial Indebtedness in the ordinary
      course of business, or as otherwise permitted by this Agreement.

     

    SECTION
      6.20    Limitation
      on Issuance of Capital Stock.
      It will
      not, with respect to the Borrower or any Restricted Subsidiary, permit such
      Person to issue any Equity Interest (by way of sales of treasury stock) or
      any
      options or warrants to purchase, or securities convertible into, any Equity
      Interest, except (a)
      for
      stock splits, stock dividends and additional issuances of Equity Interests
      which
      do not decrease the percentage ownership of Borrower or any Restricted
      Subsidiary in any class of the Equity Interest of such Restricted Subsidiary
      and
      (b)
      Restricted Subsidiaries formed after the date of this Agreement in accordance
      with Section 6.12 may issue Equity Interests to Borrower or any other Restricted
      Subsidiary which is to own such Equity Interests. All Equity Interests issued
      in
      accordance with this Section 6.20 shall, to the extent required by Sections
      5.10
      and 5.11 or any Security Document, be delivered to the Administrative Agent
      for
      pledge pursuant to the applicable Security Document. 

     

    SECTION
      6.21    Anti-Terrorism
      Law; Anti-Money Laundering.

     

    
      
        
        

      

      
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    (a)    It
      will
      not and will not permit any of its subsidiaries or Joint Ventures to, directly
      or indirectly, (i)
      knowingly conduct any business or engage in making or receiving any contribution
      of funds, goods or services to or for the benefit of any Person described in
      Section 3.24, (ii)
      knowingly deal in, or otherwise engage in any transaction relating to, any
      Property or interests in Property blocked pursuant to the Executive Order or
      any
      other Anti-Terrorism Law, or (iii)
      knowingly engage in or conspire to engage in any transaction that evades or
      avoids, or has the purpose of evading or avoiding, or attempts to violate,
      any
      of the prohibitions set forth in any Anti-Terrorism Law (and it and its
      subsidiaries shall deliver to the Lenders any certification or other evidence
      requested from time to time by any Lender in its reasonable discretion,
      confirming their compliance with this Section 6.21).

     

    (b)    It
      will
      not and will not permit any of its subsidiaries or Joint Ventures to cause
      or
      permit any of the funds of any Borrower Party that are used to repay the Loans
      to be derived from any unlawful activity with the result that the making of
      the
      Loans would be in violation of any law.

     

    (c)    Notwithstanding
      anything in Section 6.21(a) or (b) to the contrary, such covenants and
      agreements to the extent related to any Person that is not a Borrower Party
      shall not be deemed breached unless the circumstances giving rise to such breach
      could, individually or in the aggregate, reasonably be expected to have a
      Material Adverse Effect or otherwise adversely affect the Lenders.

     

    SECTION
      6.22    Embargoed
      Person.
      It will
      not and will not permit any of its subsidiaries or Joint Ventures to cause
      or
      permit (a)
      any of
      the funds or properties of the Borrower Parties that are used to repay the
      Loans
      to constitute Property of, or be beneficially owned directly or indirectly
      by,
      any person subject to sanctions or trade restrictions under United States law
      (“Embargoed
      Person”
or
      “Embargoed
      Persons”)
      that
      is identified on (i)
      the
“List of Specially Designated Nationals and Blocked Persons” maintained by OFAC
      and/or on any other similar list maintained by OFAC pursuant to any authorizing
      statute including, but not limited to, the International Emergency Economic
      Powers Act, 50 U.S.C. §§ 1701 et seq., The Trading with the Enemy Act, 50 U.S.C.
      App. 1 et seq., and any Executive Order or Requirement of Law promulgated
      thereunder, with the result that the investment in the Borrower Parties (whether
      directly or indirectly) is prohibited by a Requirement of Law, or the Loans
      made
      by the Lenders would be in violation of a Requirement of Law or (ii)
      the
      Executive Order, any related enabling legislation or any other similar Executive
      Orders or (b)
      any
      Embargoed Person to have any direct or indirect interest, of any nature
      whatsoever in the Borrower Parties, with the result that the investment in
      the
      Borrower Parties (whether directly or indirectly) is prohibited by law or the
      Loans are in violation of any law, except, with respect to actions of any
      Unrestricted Subsidiary or Joint Venture, as could not, individually or in
      the
      aggregate, reasonably be expected to have a Material Adverse Effect or otherwise
      adversely affect the Lenders.

     

    SECTION
      6.23    Excess
      Cash.
      If,
      collectively, the Parent and the Restricted Subsidiaries, on a consolidated
      basis, shall at any time own cash or Permitted Investments in an aggregate
      amount exceeding $10,000,000 for a period of time of ten consecutive days,
      the
      Borrower shall prepay outstanding ABR Loans in the amount of such excess (to
      the
      extent such excess continues to exist) on such tenth day, and such prepayment
      shall be subject to the provisions of Section 2.11. Without limiting the first
      sentence of this Section 6.23, if, collectively, the Parent and the Restricted
      Subsidiaries, on a consolidated basis, shall at any time own cash or Permitted
      Investments in an aggregate amount exceeding $10,000,000 for a period of time
      exceeding ten consecutive days, the Borrower shall prepay outstanding Eurodollar
      Loans in the amount of such excess (to the extent such excess continues to
      exist) on the earlier of (a) the date that is sixty days after any such excess
      first existed and (b) the first occurrence of the end of an Interest Period
      for
      outstanding Eurodollar Borrowings, and such prepayment shall be subject to
      the
      provisions of Section 2.11.

     

    
      
        
        

      

      
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    ARTICLE
      VII

    EVENTS
      OF DEFAULT

    

    SECTION
      7.01    Events
      of Default.
      If any
      of the following events (each, an “Event
      of Default”)
      shall
      occur:

     

    (a)    the
      Borrower 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 (whether voluntary or mandatory) thereof or by acceleration thereof
      or otherwise;

     

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

     

    (c)    any
      representation or warranty made or deemed made by or on behalf of the Borrower,
      the Parent, the General Partner or any Subsidiary in or in connection with
      any
      Loan Document or any amendment or modification thereof or waiver thereunder,
      or
      in any report, certificate, financial statement or other document furnished
      pursuant to or in connection with any Loan Document or any amendment or
      modification hereof or waiver thereunder, shall prove to have been false or
      misleading in any material respect when so made, deemed made or
      furnished;

     

    (d)    the
      Parent or the Borrower shall fail to observe or perform any covenant, condition
      or agreement contained in Section 5.02, Section 5.03 (with respect to the
      Parent’s or the Borrower’s existence), Section 5.04, the last sentence of
      Section 5.06, Section 5.08, Section 5.14 or in Article VI;

     

    (e)    any
      Borrower Party or the General Partner shall fail to observe or perform any
      covenant, condition or agreement contained in any Loan Document (other than
      those specified in clause (a), (b) or (d) of this Article), and such failure
      shall continue unremedied for a period of thirty days after receipt of written
      notice thereof from the Administrative Agent or any Lender;

     

    (f)    
the
      Parent, the Borrower or any Restricted Subsidiary shall fail to make any payment
      (whether of principal or interest and regardless of amount) in respect of any
      Material Indebtedness, when and as the same shall become due and payable (other
      than the Secured Obligations);

     

    
      
        
        

      

      
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    (g)    the
      Parent, the Borrower or any Restricted Subsidiary shall fail to observe or
      perform any other term, covenant, condition or agreement contained in any
      agreement or instrument evidencing or governing such Indebtedness, which failure
      results in, or any event or condition occurs that results in, any Material
      Indebtedness becoming due prior to its scheduled maturity or that enables or
      permits (with or without the giving of notice, the lapse of time or both) the
      holder or holders of any Material Indebtedness or any trustee or agent on its
      or
      their behalf to cause any Material Indebtedness to become due, or to require
      the
      prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled
      maturity;

     

    (h)    an
      involuntary proceeding shall be commenced or an involuntary petition shall
      be
      filed seeking (i)
      liquidation, reorganization or other relief in respect of the General Partner,
      the Parent, the Borrower, any Guarantor or any Subsidiary 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 General Partner, the Parent, the Borrower, any
      Guarantor or any Subsidiary or for a substantial part of its assets, and, in
      any
      such case, such proceeding or petition shall continue undismissed for sixty
      days
      or an order or decree approving or ordering any of the foregoing shall be
      entered;

     

    (i)    
the
      General Partner, the Parent, the Borrower, any Guarantor or any Subsidiary
      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 General Partner, the
      Parent, the Borrower, any Guarantor or any Subsidiary or for a substantial
      part
      of its assets, (iv)
      file 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;

     

    (j)    
the
      General Partner, the Parent, the Borrower, any Guarantor or any Subsidiary
      shall
      become unable, admit in writing its inability or fail generally to pay its
      debts
      as they become due;

     

    (k)    one
      or
      more judgments for the payment of money in an aggregate amount in excess of
      $2,000,000 shall be rendered against the Parent, any Subsidiary or any
      combination thereof and the same shall remain undischarged, unvacated or
      unbonded for a period of thirty 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 Parent or any Subsidiary
      to
      enforce any such judgment;

     

    (l)    
an
      ERISA
      Event shall have occurred that, in the opinion of the Required Lenders, when
      taken together with all other ERISA Events that have occurred, could reasonably
      be expected to result in liability of the Parent and its Subsidiaries in an
      aggregate amount exceeding $2,000,000;

     

    
      
        
        

      

      
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    (m)   a
      Change
      in Control shall occur;

     

    (n)    any
      Loan
      Document or any material provision thereof after delivery thereof shall for
      any
      reason, except to the extent permitted by the terms thereof (or as waived by
      the
      Lenders in accordance with Section 10.02), cease to be valid, binding and
      enforceable in accordance with its terms against the Borrower, the General
      Partner, the Parent, any Guarantor or any Subsidiary party thereto or shall
      be
      repudiated by any of them, or the Borrower, the General Partner, the Parent,
      any
      Guarantor or any Subsidiary shall so state in writing;

     

    (o)    any
      security interest or Lien purported to be created and granted by any Security
      Document with respect to any Collateral shall cease to be in full force and
      effect, or shall cease to give the Administrative Agent, for the benefit of
      the
      Secured Parties, the Liens, rights, powers and privileges purported to be
      created and granted under such Security Document (including a perfected First
      Priority security interest and Lien on all of such Collateral (except as
      otherwise expressly provided in this Agreement or such Security Document))
      in
      favor of the Administrative Agent, or shall be asserted by the Borrower or
      any
      other Borrower Party or the General Partner not to be a valid, perfected, First
      Priority (except as otherwise expressly provided in this Agreement or such
      Security Document) security interest in or Lien on such Collateral;

     

    (p)    the
      Borrower Parties shall be collectively subject to any Environmental Liability
      in
      excess of $2,000,000, other than those Environmental Liabilities disclosed
      to
      the Administrative Agent and the Lenders prior to the Effective Date;
      or

     

    (q)    the
      General Partner shall voluntarily liquidate or dissolve;

     

    then,
      and
      in every such event (other than an event described in clause (h) or (i) of
      this
      Article), and at any time thereafter during the continuance of such event,
      the
      Administrative Agent may, and at the request of the Required Lenders shall,
      by
      notice to the Borrower, take any or all of the following actions, at the same
      or
      different times: (i)
      terminate the Maximum Amounts and Committed Amounts, and thereupon the Maximum
      Amounts and Committed Amounts shall terminate immediately, (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 accrued hereunder, shall become
      due
      and payable immediately, without presentment, demand, protest, notice of intent
      to accelerate, notice of acceleration, or other notice of any kind, all of
      which
      are hereby waived by the Borrower, and (iii)
      enforce
      any and all security interests, Liens and other remedies pursuant to the
      Security Documents; and in case of any event described in clause (h) or (i)
      of
      this Article, the Maximum Amounts and Committed Amounts 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 accrued
      hereunder, shall automatically become due and payable, without presentment,
      demand, protest, notice of intent to accelerate, notice of acceleration, or
      other notice of any kind, all of which are hereby waived by the Borrower, and
      the Administrative Agent may, and at the request of the Required Lenders shall,
      enforce any and all security interests, Liens and other remedies pursuant to
      the
      Security Documents.

     

    
      
        
        

      

      
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    SECTION
      7.02    Application
      of Proceeds.
      The
      proceeds received by the Administrative Agent in respect of any sale of,
      collection from or other realization upon all or any part of the Collateral
      pursuant to the exercise by the Administrative Agent of its remedies shall
      be
      applied, in full or in part, together with any other sums then held by the
      Administrative Agent pursuant to this Agreement, promptly by the Administrative
      Agent as follows:

     

    (a)    First,
      to the
      payment of all reasonable costs and expenses, fees, commissions and taxes of
      such sale, collection or other realization including compensation to the
      Administrative Agent and its agents and counsel, and all expenses, liabilities
      and advances made or incurred by the Administrative Agent or an Arranger in
      connection therewith and all amounts for which the Administrative Agent or
      such
      Arranger is entitled to indemnification pursuant to the provisions of any Loan
      Document, together with interest on each such amount at the highest rate then
      in
      effect under this Agreement from and after the date such amount is due, owing
      or
      unpaid until paid in full;

     

    (b)    Second,
      to the
      payment of all other reasonable costs and expenses of such sale, collection
      or
      other realization including compensation to the other Lenders and their agents
      and counsel and all costs, liabilities and advances made or incurred by the
      other Lenders in connection therewith, together with interest on each such
      amount at the highest rate then in effect under this Agreement from and after
      the date such amount is due, owing or unpaid until paid in full;

     

    (c)    Third,
      without
      duplication of amounts applied pursuant to clauses (a) and (b) above, to the
      indefeasible payment in full in cash, pro
      rata,
      of
      interest and other amounts constituting obligations hereunder (other than
      principal and reimbursement obligations hereunder) and any fees, premiums and
      scheduled periodic payments due under Secured Hedging Agreements and any
      interest accrued thereon, in each case equally and ratably in accordance with
      the respective amounts thereof then due and owing;

     

    (d)    Fourth,
      to the
      indefeasible payment in full in cash, pro
      rata,
      of the
      principal amount of the obligations hereunder (including reimbursement
      obligations) and any breakage, termination or other payments under Secured
      Hedging Agreements and any interest accrued thereon; and

     

    (e)    Fifth,
      the
      balance, if any, to the person lawfully entitled thereto (including the
      applicable Borrower Party or its successors or assigns) or as a court of
      competent jurisdiction may direct.

     

    In
      the
      event that any such proceeds are insufficient to pay in full the items described
      in clauses (a) through (e) of this Section 7.02, the Borrower Parties shall
      remain liable, jointly and severally, for any deficiency. Each Borrower Party
      acknowledges the relative rights, priorities and agreements of the
      Administrative Agent, the Arrangers, the Lenders and counterparties to Secured
      Hedging Agreements, as set forth in this Agreement, including as set forth
      in
      this Section 7.02.

     

    ARTICLE
      VIII

    PARENT
      GUARANTEE

    
      
        
        

      

      
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    SECTION
      8.01    Parent
      Guarantee. 

     

    (a)    The
      Parent (i)
      absolutely, unconditionally and irrevocably, guarantees to the Administrative
      Agent for the ratable benefit of the Lenders and their respective successors,
      endorsees, transferees and assigns, the prompt and complete payment and
      performance by the Borrower when due (whether at the stated maturity, by
      acceleration or otherwise) of the Secured Obligations and (ii)indemnifies
      and holds harmless each Lender from, and agrees to pay to such Lender, all
      reasonable costs and expenses (including reasonable counsel fees and expenses)
      incurred by such Lender in enforcing any of its rights under the guarantee
      contained in this Section 8.01. The Parent agrees that notwithstanding any
      stay,
      injunction or other prohibition preventing the payment by the Borrower of all
      or
      any portion of the Secured Obligations and notwithstanding that all or any
      portion of the Secured Obligations may be unenforceable or not allowable due
      to
      the existence of a bankruptcy, reorganization or similar proceeding involving
      the Borrower, such Secured Obligations shall nevertheless be due and payable
      by
      the Parent for the purposes of this guarantee at the time such Secured
      Obligations would by payable by the Borrower under the provisions of this
      Agreement. Notwithstanding the foregoing, any enforcement of this guarantee
      with
      respect to the rights of any Lender shall be accomplished by the Administrative
      Agent acting on behalf of such Lender. The guarantee contained in this Section
      8.01 is a guarantee of payment and not collection, and the liability of the
      Parent is primary and not secondary.

     

    (b)    The
      Parent agrees that if the maturity of the Secured Obligations is accelerated
      by
      bankruptcy or otherwise, such maturity shall also be deemed accelerated for
      the
      purpose of this guarantee without demand or notice to the Parent. The guarantee
      contained in this Section 8.01 is a continuing guarantee and shall remain in
      full force and effect until all the Secured Obligations and the obligations
      of
      the Parent under the guarantee contained in this Section 8.01 shall have been
      satisfied by payment in full in cash, no Letter of Credit shall be outstanding
      and the Committed Amount and Maximum Amount shall be terminated, notwithstanding
      that from time to time during the term of this Agreement the Borrower may be
      free from any Secured Obligations. 

     

    (c)    No
      payment made by the Borrower, the Parent, any other guarantor or any other
      Person or received or collected by any Lender from the Borrower, the Parent,
      any
      other guarantor or any other Person by virtue of any action or proceeding or
      any
      set-off or appropriation or application at any time or from time to time in
      reduction of or in payment of the Secured Obligations shall be deemed to modify,
      reduce, release or otherwise affect the liability of the Parent hereunder which
      shall, notwithstanding any such payment (other than any payment made by the
      Borrower or Parent in respect of the Secured Obligations or any payment received
      or collected from the Borrower or Parent in respect of the Secured Obligations),
      remain liable for the Secured Obligations until, subject to Section 8.05, the
      Secured Obligations are paid in full in cash, no Letter of Credit shall be
      outstanding and the Committed Amount and the Maximum Amount are
      terminated.

     

    SECTION
      8.02    Subrogation.
      The
      Parent shall be subrogated to all the rights of any Lender against the Borrower
      in respect of any amounts paid by the Parent pursuant to the provisions of
      the
      guarantee contained in Section 8.01; provided
      that the
      Parent shall not be entitled to enforce or to receive any payments arising
      out
      of, or based upon, such right of subrogation with respect to any of the Secured
      Obligations until all of the Secured Obligations and the Guarantees thereof
      shall have been indefeasibly paid in full in cash or discharged. 

     

    
      
        
        

      

      
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    SECTION
      8.03    Amendments,
      etc. with respect to the Secured Obligations.
      The
      Parent shall remain obligated hereunder notwithstanding that, without any
      reservation of rights against the Parent and without notice to or further assent
      by the Parent, any demand for payment of any of the Secured Obligations made
      by
      any Lender may be rescinded by such Lender and any of the Secured Obligations
      continued, and the Secured Obligations, or the liability of any other Person
      upon or for any part thereof, or any collateral security or guarantee therefor
      or right of offset with respect thereto, may, from time to time, in whole or
      in
      part, be renewed, extended, amended, modified, accelerated, compromised, waived,
      surrendered or released by any Lender, and any Loan Document and any other
      document executed and delivered in connection therewith may be amended,
      modified, supplemented or terminated, in whole or in part, as the Administrative
      Agent (or the Required Lenders or all Lenders, as the case may be) may deem
      advisable from time to time, and any Collateral security, guarantee or right
      of
      offset at any time held by any Lender for the payment of the Secured Obligations
      may be sold, exchanged, waived, surrendered or released. Except as required
      by
      applicable Governmental Requirements, no Lender shall have any obligation to
      protect, secure, perfect or insure any Lien at any time held by it as security
      for the Secured Obligations or for the guarantee contained in 0 or any Property
      subject thereto. 

     

    SECTION
      8.04    Guarantee
      Absolute and Unconditional.
      To the
      fullest extent permitted by applicable Governmental Requirements, the Parent
      hereby (i)
      waives
      diligence, presentment, demand of payment, notice of intent to accelerate,
      notice of acceleration, notice of acceptance, filing of claims with a court
      in
      the event of the merger, insolvency or bankruptcy of the Borrower or the Parent,
      and all demands and notices whatsoever, (ii)
      acknowledges that any agreement, instrument or document evidencing the Parent
      Obligations may be transferred and that the benefit of its obligations hereunder
      shall extend to each holder of any agreement, instrument or document evidencing
      the Parent Obligations without notice to them and (iii)
      covenants that the Parent Obligations will not be discharged except by complete
      performance thereof. The Parent further agrees that to the fullest extent
      permitted by applicable Governmental Requirements, if at any time all or any
      part of any payment theretofore applied by any Person to any of the Parent
      Obligations is, or must be, rescinded or returned for any reason whatsoever,
      including without limitation, the insolvency, bankruptcy or reorganization
      of
      the Parent, such Parent Obligations shall, to the extent that such payment
      is or
      must be rescinded or returned, be deemed to have continued in existence
      notwithstanding such application, and the Parent Obligations shall continue
      to
      be effective or be reinstated, as the case may be, as though such application
      had not been made. 

     

    
      
        
        

      

      
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    To
      the
      fullest extent permitted by applicable Governmental Requirements, the
      obligations of the Parent under this guarantee shall be as aforesaid full,
      irrevocable, unconditional and absolute and shall not be impaired, modified,
      discharged, released or limited by any occurrence or condition whatsoever,
      including, without limitation, (i) any compromise, settlement, release, waiver,
      renewal, extension, indulgence or modification of, or any change in, any of
      the
      obligations and liabilities of the Borrower or the Parent contained in any
      of
      the Secured Obligations or this Agreement, (ii) any impairment, modification,
      release or limitation of the liability of the Borrower, the Parent or any of
      their estates in bankruptcy, or any remedy for the enforcement thereof,
      resulting from the operation of any present or future provision of any
      applicable bankruptcy law, as amended, or other statute or from the decision
      of
      any court, (iii) the assertion or exercise by the Borrower or the Parent of
      any
      rights or remedies under any of the Secured Obligations or this Agreement or
      their delay in or failure to assert or exercise any such rights or remedies,
      (iv) the assignment or the purported assignment of any Property as security
      for
      any of the Secured Obligations, including all or any part of the rights of
      the
      Borrower or the Parent under this Agreement, (v) the extension of the time
      for
      payment by the Borrower or the Parent of any payments or other sums or any
      part
      thereof owing or payable under any of the terms and provisions of any of the
      Secured Obligations or this Agreement or of the time for performance by the
      Borrower or the Parent of any other obligations under or arising out of any
      such
      terms and provisions or the extension or the renewal of any thereof, (vi) the
      modification or amendment (whether material or otherwise) of any duty, agreement
      or obligation of the Borrower or the Parent set forth in this Agreement, (vii)
      the voluntary or involuntary liquidation, dissolution, sale or other disposition
      of all or substantially all of the assets, marshaling of assets and liabilities,
      receivership, insolvency, bankruptcy, assignment for the benefit of creditors,
      reorganization, arrangement, composition or readjustment of, or other similar
      proceeding affecting, the Borrower or any of the Parent or any of their
      respective assets, or the disaffirmance of any of the Secured Obligations,
      or
      this Agreement in any such proceeding, (viii) the release or discharge of the
      Borrower or the Parent from the performance or observance of any agreement,
      covenant, term or condition contained in any of such instruments by operation
      of
      law, (ix) the unenforceability of any of the Secured Obligations or this
      Agreement, (x) any change in the name, business, capital structure, corporate
      existence, or ownership of the Borrower or the Parent, or (xi) any other
      circumstance which might otherwise constitute a defense available to, or a
      legal
      or equitable discharge of, a surety or the Parent.

     

    SECTION
      8.05    Reinstatement.
      The
      guarantee contained in Section 8.01 shall continue to be effective, or be
      reinstated, as the case may be, if at any time payment, or any part thereof,
      of
      any of the Secured Obligations is rescinded or must otherwise be restored or
      returned by any Lender upon the insolvency, bankruptcy, dissolution, liquidation
      or reorganization of the Borrower or the Parent, or upon or as a result of
      the
      appointment of a receiver, intervenor or conservator of, or trustee or similar
      officer for, the Borrower or the Parent or any substantial part of its Property,
      or otherwise, all as though such payments had not been made.

     

    SECTION
      8.06    Payments.
      The
      Parent hereby guarantees that payments hereunder will be paid to the
      Administrative Agent without set-off or counterclaim and without deduction
      for
      any taxes and in immediately available funds and in dollars at the
      Administrative Agent’s payment office at the address provided in 10.01 of this
      Agreement.

     

    
      
        
        

      

      
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    ARTICLE
      IX

    THE
      ADMINISTRATIVE AGENT; THE ARRANGERS

    

    SECTION
      9.01    Appointment.
      Each
      Lender hereby irrevocably designates and appoints Fortis as Administrative
      Agent
      of such Lender under this Agreement and the other Loan Documents and as
      Administrative Agent of the Secured Parties under and pursuant to the Security
      Documents, and each such Lender irrevocably authorizes the Administrative Agent,
      in such capacity, to take such action on its behalf under the provisions of
      this
      Agreement and the other Loan Documents and to exercise such powers and perform
      such duties as are expressly delegated to the Administrative Agent by the terms
      of this Agreement and the other Loan Documents, together with such other powers
      as are reasonably incidental thereto. Each Lender hereby irrevocably designates
      and appoints the Arrangers in their capacity as such under this Agreement and
      the other Loan Documents, and each such Lender irrevocably authorizes the
      Arrangers, in such capacity, to take such action on its behalf under the
      provisions of this Agreement and the other Loan Documents and to exercise such
      powers and perform such duties as are expressly delegated to the Arrangers
      by
      the terms of this Agreement and the other Loan Documents, together with such
      other powers as are reasonably incidental thereto. Notwithstanding any provision
      to the contrary contained elsewhere in this Agreement, none of the
      Administrative Agent, the Syndication Agent or the Arrangers shall have any
      duties or responsibilities, except those expressly set forth herein, or any
      fiduciary relationship with any Lender, and no implied covenants, functions,
      responsibilities, duties, obligations or liabilities shall be read into this
      Agreement or any other Loan Document or otherwise exist against the
      Administrative Agent, the Syndication Agent or the Arrangers. 

     

    SECTION
      9.02    Delegation
      of Duties.
      The
      Administrative Agent and the Arrangers may execute any of their respective
      duties under this Agreement and the other Loan Documents by or through agents
      or
      attorneys-in-fact and shall be entitled to advice of counsel concerning all
      matters pertaining to such duties. Neither the Administrative Agent nor the
      Arrangers shall not be responsible for the negligence or misconduct of any
      agents or attorneys in-fact selected by it with reasonable care. 

     

    SECTION
      9.03    Exculpatory
      Provisions.
      None of
      the Administrative Agent or the Arrangers nor any of their respective officers,
      directors, employees, agents, attorneys-in-fact or Affiliates shall be
(i)
      liable
      for any action lawfully taken or omitted to be taken by it or such Person under
      or in connection with this Agreement or any other Loan Document (except for
      its
      or such Person’s own gross negligence or willful misconduct) or (ii)
      responsible in any manner to any of the Lenders for any recitals, statements,
      representations or warranties made by any Borrower Party or the General Partner
      or any officer thereof contained in this Agreement or any other Loan Document
      or
      in any certificate, report, statement or other document referred to or provided
      for in, or received by the Administrative Agent or the Arrangers under or in
      connection with, this Agreement or any other Loan Document or for the value,
      validity, effectiveness, genuineness, enforceability or sufficiency of this
      Agreement or any other Loan Document or for any failure of any Borrower Party
      or
      the General Partner to perform its obligations hereunder or thereunder. Neither
      the Administrative Agent nor the Arrangers shall be under any obligation to
      any
      Lender to ascertain or to inquire as to the observance or performance of any
      of
      the agreements contained in, or conditions of, this Agreement or any other
      Loan
      Document, or to inspect the properties, books or records of any Borrower Party
      or the General Partner. 

     

    SECTION
      9.04    Reliance
      by the Administrative Agent and the Arrangers.
      The
      Administrative Agent and the Arrangers shall be entitled to rely, and shall
      be
      fully protected in relying, upon any note, writing, resolution, notice, consent,
      certificate, affidavit, letter, telecopy, telex or teletype message, statement,
      order or other document or conversation believed by it to be genuine and correct
      and to have been signed, sent or made by the proper Person or Persons and upon
      advice and statements of legal counsel (including, without limitation, counsel
      to the Borrower Parties), independent accountants and other experts selected
      by
      the Administrative Agent or the Arrangers. The Administrative Agent may deem
      and
      treat the payee of any note as the owner thereof for all purposes unless a
      written notice of assignment, negotiation or transfer thereof shall have been
      filed with the Administrative Agent. The Administrative Agent and the Arrangers
      shall be fully justified in failing or refusing to take any action under this
      Agreement or any other Loan Document unless the Administrative Agent or the
      Arrangers, as applicable, shall first receive such advice or concurrence of
      the
      Required Lenders (or, where unanimous consent of the Lenders is expressly
      required hereunder, such Lenders) as the Administrative Agent or the Arrangers,
      as applicable, deem appropriate or the Administrative Agent or the Arrangers,
      as
      applicable, shall first be indemnified to their respective satisfaction by
      the
      Lenders against any and all liability and expense which may be incurred by
      it by
      reason of taking or continuing to take any such action. The Administrative
      Agent
      and the Arrangers shall in all cases be fully protected in acting, or in
      refraining from acting, under this Agreement and the other Loan Documents in
      accordance with a request of the Required Lenders (or, where unanimous consent
      of the Lenders or the Required Lenders is expressly required hereunder, such
      Lenders or Required Lenders, as applicable), and such request and any action
      taken or failure to act pursuant thereto shall be binding upon all the Lenders
      and all future holders of the Loans. 

     

    
      
        
        

      

      
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    SECTION
      9.05    Notice
      of Default.
      Neither
      the Administrative Agent nor either Arranger shall be deemed to have knowledge
      or notice of the occurrence of any Default or Event of Default hereunder unless
      the Administrative Agent or such Arranger, respectively, has received notice
      from a Lender or the Borrower referring to this Agreement, describing such
      Default or Event of Default and stating that such notice is a “notice of
      default.” In the event that the Administrative Agent or either Arranger receives
      such a notice, the Administrative Agent or such Arranger shall give notice
      thereof to the Lenders. The Administrative Agent shall take such action with
      respect to such Default or Event of Default as shall be reasonably directed
      by
      the Required Lenders; provided
      that
      unless and until the Administrative Agent shall have received such directions,
      the Administrative Agent may (but shall not be obligated to) take such action,
      or refrain from taking such action, with respect to such Default or Event of
      Default as it shall deem advisable in the best interests of the
      Lenders. 

     

    SECTION
      9.06    Non-Reliance
      on Administrative Agent or the Arrangers and Other Lenders.
      Each
      Lender expressly acknowledges that none of the Administrative Agent or the
      Arrangers, nor any of their respective officers, directors, employees, agents,
      attorneys-in-fact or Affiliates, has made any representations or warranties
      to
      it and that no act by the Administrative Agent or the Arrangers hereafter taken,
      including any review of the affairs of any Borrower Party, shall be deemed
      to
      constitute any representation or warranty by the Administrative Agent or the
      Arrangers to any Lender. Each Lender represents to the Administrative Agent
      and
      the Arrangers that it has, independently and without reliance upon the
      Administrative Agent, the Arrangers or any other Lender, and based on such
      documents and information as it has deemed appropriate, made its own appraisal
      of and investigation into the business, operations, property, financial and
      other condition and creditworthiness of each Borrower Party and made its own
      decision to make Loans and issue Letters of Credit hereunder and enter into
      this
      Agreement. Each Lender also represents that it will, independently and without
      reliance upon the Administrative Agent, the Arrangers or any other Lender,
      and
      based on such documents and information as it shall deem appropriate at the
      time, continue to make its own credit analysis, appraisals and decisions in
      taking or not taking action under this Agreement and the other Loan Documents,
      and to make such investigation as it deems necessary to inform itself as to
      the
      business, operations, property, financial and other condition and
      creditworthiness of each Borrower Party. Except for notices, reports and other
      documents expressly required to be furnished to the Lenders by the
      Administrative Agent or the Arrangers hereunder, none of the Administrative
      Agent nor the Arrangers shall have any duty or responsibility to provide any
      Lender with any credit or other information concerning the business, operations,
      property, condition (financial or otherwise), prospects or creditworthiness
      of
      any Borrower Party which may come into the possession of the Administrative
      Agent or the Arrangers or any of their respective officers, directors,
      employees, agents, attorneys-in-fact or Affiliates. 

     

    
      
        
        

      

      
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    SECTION
      9.07    Indemnification.
      The
      Lenders agree to indemnify the Administrative Agent and the Arrangers in their
      capacities as such (to the extent not reimbursed by the Borrower and without
      limiting the obligation the Borrower to do so), ratably according to their
      respective Committed Amounts in effect on the date on which indemnification
      is
      sought, from and against any and all liabilities, obligations, losses, damages,
      penalties, actions, judgments, suits, costs, expenses or disbursements of any
      kind whatsoever which may at any time (including, without limitation, at any
      time following the payment of the obligations under this Agreement) be imposed
      on, incurred by or asserted against the Administrative Agent or the Arrangers
      in
      any way relating to or arising out of, the Committed Amounts, this Agreement,
      any of the other Loan Documents or any documents contemplated by or referred
      to
      herein or therein or the transactions contemplated hereby or thereby or any
      action taken or omitted by the Administrative Agent or the Arrangers under
      or in
      connection with any of the foregoing; provided
      that no
      Lender shall be liable for the payment of any portion of such liabilities,
      obligations, losses, damages, penalties, actions, judgments, suits, costs,
      expenses or disbursements resulting solely from the Administrative Agent’s or
      the Arrangers’ gross negligence or willful misconduct. The agreements in this
      subsection shall survive the payment of all obligations under this Agreement
      and
      all other amounts payable hereunder. 

     

    SECTION
      9.08    Administrative
      Agent and Arrangers in Their Respective Individual Capacities.
      The
      Administrative Agent and the Arrangers and its or their Affiliates may make
      loans to, accept deposits from and generally engage in any kind of business
      with
      any Borrower Party as though the Administrative Agent were not the
      Administrative Agent, and the Arrangers were not the Arrangers, hereunder and
      under the other Loan Documents. With respect to the Loans made and Letters
      of
      Credit issued by it, the Administrative Agent and the Arrangers shall have
      the
      same rights and powers under this Agreement and the other Loan Documents as
      any
      Lender and may exercise the same as though the Administrative Agent was not
      the
      Administrative Agent, and the Arrangers were not the Arrangers, and the terms
      “Lender” and “Lenders” shall include each of the Administrative Agent and each
      Arranger in its individual capacity. 

     

    SECTION
      9.09    Successor
      Administrative Agent.
      The
      Administrative Agent may resign as Administrative Agent upon thirty days’ notice
      to the Lenders. If the Administrative Agent shall resign as Administrative
      Agent
      under this Agreement and the other Loan Documents (or as Administrative Agent
      for the Secured Parties under the Security Documents), then the Required Lenders
      shall appoint from among the Lenders a successor agent for the Lenders, which
      successor agent, with the consent of the Borrower (such consent not to be
      unreasonably withheld or delayed), shall succeed to the rights, powers and
      duties of the Administrative Agent hereunder and or thereunder, as applicable.
      Effective upon such appointment and approval, the term “Administrative Agent”
shall mean such successor agent, and the former Administrative Agent’s rights,
      powers and duties as Administrative Agent shall be terminated, without any
      other
      or further act or deed on the part of such former Administrative Agent or any
      of
      the parties to this Agreement, any holders of the Loans or any Secured Party.
      After any retiring Administrative Agent’s resignation as Administrative Agent,
      the provisions of this Article IX shall inure to its benefit as to any actions
      taken or omitted to be taken by it while it was Administrative Agent under
      this
      Agreement and the other Loan Documents. The Administrative Agent may be removed
      at any time with or without cause by the Required Lenders (which for this
      purpose, shall not include the Loans or the Committed Amount of the
      Administrative Agent), provided that
      on the
      effectiveness of such removal the Secured Obligations owing to such
      Administrative Agent as a Lender are repaid in full and as an Issuing Bank
      are
      cash collateralized or otherwise secured. If the Administrative Agent is
      removed, the procedures set forth in this Section 9.09 shall apply in appointing
      a successor Administrative Agent. 

     

    
      
        
        

      

      
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    SECTION
      9.10    Successor
      Arranger.
      Either
      Arranger may resign as Arranger upon thirty days’ notice to the Lenders. If an
      Arranger shall resign as Arranger under this Agreement and the other Loan
      Documents, then the Required Lenders shall appoint from among the Lenders a
      successor arranger for the Lenders, which successor arranger, with the consent
      of the Borrower (such consent not to be unreasonably withheld or delayed),
      shall
      succeed to the rights, powers and duties of such Arranger hereunder and or
      thereunder, as applicable. Effective upon such appointment and approval, the
      term “Arranger” shall include such successor arranger, and the former Arranger’s
      rights, powers and duties as Arranger shall be terminated, without any other
      or
      further act or deed on the part of such former Arranger or any of the parties
      to
      this Agreement, any holders of the Loans or any Secured Party. After any
      retiring Arranger’s resignation as Arranger, the provisions of this Article IX
      shall inure to its benefit as to any actions taken or omitted to be taken by
      it
      while it was Arranger under this Agreement and the other Loan Documents. Either
      Arranger may be removed at any time with or without cause by the Required
      Lenders (which for this purpose, shall not include the Loans or the Committed
      Amount of such Arranger), provided that
      on the
      effectiveness of such removal the Secured Obligations owing to such Arranger
      as
      a Lender are repaid in full and as an Issuing Bank are cash collateralized
      or
      otherwise secured. If either Arranger is removed, the procedures set forth
      in
      this Section 9.10 shall apply in appointing a successor Arranger. 

     

    SECTION
      9.11    Issuing
      Bank.
      The
      provisions of this Article IX applicable to the Administrative Agent shall
      apply
      to any Issuing Bank in the performance of its duties under the Loan Documents,
      mutatis mutandis. 

     

    SECTION
      9.12     Collateral
      Matters. 

     

    (a)    Each
      Lender authorizes and directs the Administrative Agent to enter into the
      Security Documents for the benefit of the Lenders and the other Secured Parties.
      Each Lender hereby agrees, and each holder of any Note by the acceptance thereof
      will be deemed to agree, that, except as otherwise set forth herein, any action
      taken by the Required Lenders in accordance with the provisions of this
      Agreement or the Security Documents, and the exercise by the Required Lenders
      of
      the powers set forth herein or therein, together with such other powers as
      are
      reasonably incidental thereto, shall be authorized and binding upon all of
      the
      Lenders. The Administrative Agent is hereby authorized on behalf of all of
      the
      Lenders, without the necessity of any notice to or further consent from any
      Lender, from time to time prior to an Event of Default, to take any action
      with
      respect to any Collateral or Security Documents which may be necessary to
      perfect and maintain perfected the security interest in and liens upon the
      Collateral granted pursuant to the Security Documents. 

     

    
      
        
        

      

      
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    (b)    The
      Lenders hereby authorize the Administrative Agent, at its option and in its
      discretion, to release any Lien granted to or held by the Administrative Agent
      upon any Collateral (i) upon termination of the Committed Amounts and payment
      and satisfaction of all of the Secured Obligations at any time arising under
      or
      in respect of this Agreement or the Loan Documents or the transactions
      contemplated hereby or thereby, (ii) constituting property being sold or
      otherwise disposed of (to Persons other than the Borrower and its Subsidiaries)
      upon the sale or other disposition thereof in compliance with Section 6.06,
      (iii) if approved, authorized or ratified in writing by the Required Lenders
      (or
      all of the Lenders hereunder, to the extent required by Section 13.12) or (iv)
      as otherwise may be expressly provided in the relevant Security Documents.
      Upon
      request by the Administrative Agent at any time, the Lenders will confirm in
      writing the Administrative Agent’s authority to release particular types or
      items of Collateral pursuant to this Section 9.11.

     

    (c)    The
      Administrative Agent shall have no obligation whatsoever to the Lenders or
      to
      any other Person to assure that the Collateral exists or is owned by any
      Borrower Party or any other grantor of a Lien under the Security Documents)
      or
      is cared for, protected or insured or that the Liens granted to the
      Administrative Agent herein or pursuant hereto have been properly or
      sufficiently or lawfully created, perfected, protected or enforced or are
      entitled to any particular priority, or to exercise or to continue exercising
      at
      all or in any manner or under any duty of care, disclosure or fidelity any
      of
      the rights, authorities and powers granted or available to the Administrative
      Agent in this Section 9.11 or in any of the Security Documents, it being
      understood and agreed that in respect of the Collateral, or any act, omission
      or
      event related thereto, the Administrative Agent may act in any manner it may
      deem appropriate, in its sole discretion, given the Administrative Agent’s own
      interest in the Collateral as one of the Lenders and that the Administrative
      Agent shall have no duty or liability whatsoever to the Lenders, except for
      its
      gross negligence or willful misconduct (as determined by a court of competent
      jurisdiction in a final and non-appealable decision).

     

    SECTION
      9.13    Hedging
      Arrangements.
      To the
      extent any Affiliate of a Lender is a party to a Secured Hedging Agreement
      with
      the Borrower, such Affiliate of a Lender shall be deemed to appoint the
      Administrative Agent its nominee and agent, and to act for and on behalf of
      such
      Affiliate in connection with the Security Documents and to be bound by this
      Article IX. 

     

    ARTICLE
      X

    MISCELLANEOUS

    

    SECTION
      10.01   Notices.

     

    (a)    Except
      in
      the case of notices and other communications expressly permitted to be given
      by
      telephone (and subject to paragraph (b) below), 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:

     

    
      
        
        

      

      
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    (i)    
if
      to the
      Borrower, the Parent or any other Borrower Party, to it at 500 Dallas, Suite
      2500, Houston, Texas 77002, (713) 860-2640;

     

    (ii)    if
      to the
      Administrative Agent, to Fortis Capital Corp. at 101 Hudson Street, 21st Floor,
      Jersey City, New Jersey 07302, Attn: Lascelles Thompson/Loan Administration,
      Tel: (201) 631-8194, Fax: (201) 631-8181, with a copy to: Agency Department,
      520
      Madison Avenue, 3rd Floor, New York, New York 10022, Attn: Gloria Beloti-Fields,
      Tel: (212) 340-5455, Fax: (212) 340-5450 and a copy to: 15455 North Dallas
      Parkway, Suite 1400, Addison, Texas 75001, Tel: (214) 754-0009, Fax: (214)
      754-4954;

     

    (iii)   if
      to the
      Arrangers, to (A) Fortis Capital Corp. at 101 Hudson Street, 21st Floor, Jersey
      City, New Jersey 07302, Attn: Lascelles Thompson/Loan Administration, Tel:
      (201)
      631-8194, Fax: (201) 631-8181, with a copy to: Agency Department, 520 Madison
      Avenue, 3rd Floor, New York, New York 10022, Attn: Gloria Beloti-Fields, Tel:
      (212) 340-5455, Fax: (212) 340-5450 and a copy to: 15455 North Dallas Parkway,
      Suite 1400, Addison, Texas 75001, Tel: (214) 754-0009, Fax: (214) 754-4954;
      and
      (B) Deutsche Bank Securities Inc. c/o Deutsche Bank Trust Company Americas,
      at
      90 Hudson Street - 1st Floor, Jersey City, New Jersey 07302, Attn: Patricia
      Ciocco, Tel: (201) 593-2235, Fax (201) 593-2308;

     

    (iv)   if
      to
      Fortis Bank S.A./N.V., New York Branch, in its capacity as Issuing Bank, to
      it
      at 101 Hudson Street, 21st Floor, Jersey City, New Jersey 07302, Attn: Cathy
      Gilbert/Letter of Credit Department, Tel: (201) 631-8320, Fax: (201)
      631-8321;

     

    (v)    if
      to any
      other Lender, to it at its address (or telecopy number) set forth in its
      Administrative Questionnaire.

     

    (b)    Notices
      and other communications to the Lenders hereunder may be delivered or furnished
      by electronic communications pursuant to procedures approved by the
      Administrative Agent; provided
      that the
      foregoing shall not apply to notices pursuant to Article II unless otherwise
      agreed by the Administrative Agent and the applicable Lender. The Administrative
      Agent or the Borrower may, in its discretion, agree to accept notices and other
      communications to it hereunder by electronic communications pursuant to
      procedures approved by it; provided
      that
      approval of such procedures may be limited to particular notices or
      communications.

     

    (c)    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
      10.02   Waivers;
      Amendments.

     

    
      
        
        

      

      
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    (a)    No
      failure or delay by the Administrative Agent, any Issuing Bank, any Arranger
      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, any Issuing
      Banks, the Arrangers 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 Arranger, any
      Lender or any Issuing Bank may have had notice or knowledge of such Default
      at
      the time.

     

    (b)    Neither
      this Agreement nor any Loan Document nor any provision hereof or thereof may
      be
      waived, amended or modified (except as expressly set forth herein or therein)
      except pursuant to an agreement or agreements in writing entered into by the
      Borrower and any affected Borrower Party and the General Partner, as applicable,
      on the one hand, and the Required Lenders, on the other hand, or by the Borrower
      and any affected Borrower Party and the General Partner, as applicable, on
      the
      one hand, and the Administrative Agent with the consent of the Required Lenders,
      on the other hand; provided
      that no
      such agreement shall (i)
      increase
      the Committed Amount or the allocated Maximum Amount 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 (other than the
      definition of Consolidated Leverage Ratio and the other defined terms that
      are
      components thereof whether or not the effect of such waiver, amendment or
      modification could reasonably be expected to result in reducing the amount
      of
      interest or 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 Committed Amount or Maximum Amount, 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)
      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, (vi)
      release
      any Borrower Party from its Guarantee obligations pursuant to the Security
      Documents (except if such entity, other than the Parent, is no longer a
      Restricted Subsidiary in compliance with this Agreement) or (vii)
      release
      all or substantially all of the Collateral; provided further
      that (x)
      no such agreement shall amend, modify or otherwise affect the rights or duties
      of the Administrative Agent, the Arrangers or any Issuing Bank hereunder without
      the prior written consent of the Administrative Agent, the Arrangers or such
      Issuing Bank, as the case may be and (y) any amendment, waiver, or modification
      which has an adverse effect on a Lender or Affiliate thereof in its capacity
      as
      party to a Secured Hedging Agreement and expressly impacts such Lender or
      Affiliate in such capacity in a different manner than the Lenders are impacted
      generally shall require the consent of each such Lender or Affiliate.

     

    
      
        
        

      

      
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    (c)    Without
      the consent of any other Person, the applicable Borrower Party or Parties or
      the
      General Partner, as applicable, and the Administrative Agent may (in its or
      their respective sole discretion, or shall, to the extent required by any Loan
      Document) enter into any waiver, amendment or modification of any Loan Document,
      or enter into any new agreement or instrument, in each case to effect the
      granting, perfection, protection, expansion or enhancement of any security
      interest in any Collateral or additional Property to become Collateral for
      the
      benefit of the Secured Parties, or as required by local law to give effect
      to,
      or protect any security interest for the benefit of the Secured Parties, in
      any
      Property or so that the security interests therein comply with applicable
      Governmental Requirements.

     

    SECTION
      10.03   Expenses;
      Indemnity; Damage Waiver.

     

    (a)    The
      Borrower shall pay (i)
      all
      reasonable out of pocket expenses incurred by the Administrative Agent, each
      Arranger and their respective Affiliates, including the reasonable fees, charges
      and disbursements of counsel for the Administrative Agent and each Arranger,
      in
      connection with the syndication of the credit facilities provided for herein,
      the preparation and administration of this Agreement and the other Loan
      Documents or any amendments, modifications or waivers of the provisions hereof
      or thereof (whether or not the transactions contemplated hereby or thereby
      shall
      be consummated), (ii)
      all
      reasonable out-of-pocket expenses incurred by any 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 incurred by the Administrative Agent, each Arrangers,
      any
      Issuing Bank or any Lender, including the fees, charges and disbursements of
      any
      counsel for the Administrative Agent, either Arranger, any Issuing Bank or
      any
      Lender, in connection with the enforcement or protection of its rights in
      connection with this Agreement and the other Loan Documents, 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, each Arranger, each 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, any other Loan Document or any
      agreement or instrument contemplated hereby or thereby, the performance by
      the
      parties hereto of their respective obligations hereunder or the consummation
      of
      the Transactions or any other transactions contemplated hereby, x(ii)
      any Loan
      or Letter of Credit or the use of the proceeds therefrom (including any refusal
      by any Issuing Bank to honor a demand for payment under a Letter of Credit
      issued by it 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,
      whether brought by an third party, by the Borrower, by any other Borrower Party
      or by the General Partner, and regardless of whether any Indemnitee is a party
      thereto; provided
      that
      such indemnity shall not, as to any Indemnitee, be available to the extent
      that
      such losses, claims, damages, liabilities or related expenses are determined
      by
      a court of competent jurisdiction by final and nonappealable judgment to have
      resulted solely from the gross negligence or willful misconduct of such
      Indemnitee.

     

    
      
        
        

      

      
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    (c)    To
      the
      extent that the Borrower fails to pay any amount required to be paid by it
      to
      the Administrative Agent, either Arranger or any Issuing Bank under paragraph
      (a) or (b) of this Section, each Lender severally agrees to pay to the
      Administrative Agent, such Arranger or such Issuing Bank, as the case may be,
      such Lender’s Ratable Portion (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, such Arranger or such Issuing Bank in its capacity as
      such.

     

    (d)    To
      the
      extent permitted by applicable Governmental Requirements, no Borrower Party
      shall assert, and hereby waives, any claim against any Indemnitee, on any theory
      of liability, for special, indirect, 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 no later than three Business
      Days after written demand therefor.

     

    SECTION
      10.04   Successors
      and Assigns.

     

    (a)    This
      Agreement shall be binding upon and inure to the benefit of the Borrower, the
      Lenders, the Administrative Agent, the Arrangers, all future holders of the
      Loans and any notes hereunder and their respective successors and assigns,
      except that neither the Borrower nor the Parent may assign or transfer any
      of
      its rights or obligations under this Agreement without the prior written consent
      of each Lender.

     

    (b)    Any
      Lender may, in accordance with applicable Governmental Requirements and at
      no
      cost or expense to the Borrower, at any time sell to one or more banks or other
      entities (“Participants”)
      participating interests in any Loan owing to such Lender, any Committed Amount
      of such Lender or any other interest of such Lender hereunder and under the
      other Loan Documents. In the event of any such sale by a Lender of a
      participating interest to a Participant, (i) such Lender’s obligations under
      this Agreement to the other parties to this Agreement shall remain unchanged,
      (ii) such Lender shall remain solely responsible for the performance thereof,
      (iii) such Lender shall remain the holder of any such Loan (and any note
      evidencing such Loan) for all purposes under this Agreement and the other Loan
      Documents, (iv) the Borrower and the Administrative Agent shall continue to
      deal
      solely and directly with such Lender in connection with such Lender’s rights and
      obligations under this Agreement and the other Loan Documents, and (v) in any
      proceeding under the Bankruptcy Code, the Lender shall be, to the extent
      permitted by Governmental Requirements, the sole representative with respect
      to
      the obligations held in the name of such Lender, whether for its own account
      or
      for the account of any Participant. No Lender shall be entitled to create in
      favor of any Participant, in the participation agreement pursuant to which
      such
      Participant’s participating interest shall be created or otherwise, any right to
      vote on, consent to or approve any matter relating to this Agreement or any
      other Loan Document except for those specified the first proviso to Section
      10.02(b) if it affects such Participant. The Borrower agrees that each
      Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17
      with respect to its participation in the Committed Amounts and the Loans and
      Letters of Credit outstanding from time to time as if it was a Lender;
provided
      that, in
      the case of Section 2.17, such Participant shall have complied with the
      requirements of said section and provided
      further
      that no Participant shall be entitled to receive any greater amount pursuant
      to
      any such section than the transferor Lender would have been entitled to receive
      in respect of such amount of the participation transferred by such transferor
      Lender to such Participant had no such transfer occurred. 

     

    
      
        
        

      

      
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    (c)    Any
      Lender may, in accordance with applicable Governmental Requirements, at any
      time
      and from time to time assign to any Lender or any Affiliate thereof or, with
      the
      prior written consent of the Administrative Agent, the Borrower and each Issuing
      Bank (which in each case shall not be unreasonably withheld), to an additional
      bank or financial institution or other entity (an “Assignee”)
      all or
      any part of its rights and obligations under this Agreement and the other Loan
      Documents including its Committed Amount, Loans and Letters of Credit pursuant
      to an Assignment and Acceptance executed by such Assignee, such assigning Lender
      (and, in the case of an Assignee that is not then a Lender or an Affiliate
      of a
      Lender, by the Borrower, the Parent, the Administrative Agent and each Issuing
      Bank) and delivered to the Administrative Agent for its acceptance and recording
      in the Register, provided
      that
      (i)
      (unless
      the Borrower, the Parent, and the Administrative Agent otherwise consent in
      writing) no such transfer to any Assignee (other than a Lender or any Affiliate
      thereof) shall be in an aggregate principal amount less than $5,000,000 in
      the
      aggregate (or, if less, the full amount of such assigning Lender’s Committed
      Amount, Loans and Letters of Credit), and (ii)
      if any
      Lender assigns all or any part of its rights and obligations under this
      Agreement to one of its Affiliates in connection with or in contemplation of
      the
      sale or other disposition of its interest in such Affiliate, the Borrower’s
      prior written consent shall be required for such assignment (which shall not
      be
      unreasonably withheld). Upon such execution, delivery, acceptance and recording,
      from and after the effective date determined pursuant to such Assignment and
      Acceptance, (x) the Assignee thereunder shall be a party hereto and, to the
      extent provided in such Assignment and Acceptance, have the rights and
      obligations of a Lender hereunder with a Committed Amount as set forth therein,
      and (y) the assigning Lender thereunder shall, to the extent provided in such
      Assignment and Acceptance, be released from its obligations under this Agreement
      (and, in the case of an Assignment and Acceptance covering all or the remaining
      portion of an assigning Lender’s rights and obligations under this Agreement,
      such assigning Lender shall cease to be a party hereto). Notwithstanding any
      provision of this Section 10.04(c) or Section 10.04(e) to the contrary, the
      consent of the Borrower shall not be required, and, unless requested by the
      Assignee and/or assigning Lender, new notes shall not be required to be executed
      and delivered by the Borrower, for any assignment which occurs at any time
      when
      any Default shall have occurred and be continuing.

     

    
      
        
        

      

      
        103

        
          

        

      

      
        
        

      

    

    (d)    The
      Administrative Agent, on behalf of the Borrower, shall maintain at the address
      of the Administrative Agent referred to in Section 10.01 a copy of each
      Assignment and Acceptance delivered to it and a register (the “Register”)
      for
      the recordation of the names and addresses of the Lenders, the Committed Amounts
      and the Maximum Amounts of, and principal amount of the Loans owing to, each
      Lender from time to time. The entries in the Register shall be conclusive in
      the
      absence of manifest error, and the Borrower, the Administrative Agent and the
      Lenders may (and in the case of any Loan or obligation hereunder not evidence
      by
      a note, shall) treat each Person whose name is recorded in the Register as
      the
      owner of a Loan or other obligation hereunder as the owner thereof for all
      purposes of this Agreement and the other Loan Documents, notwithstanding any
      notice to the contrary. Any assignment of any Loan or other obligation hereunder
      not evidenced by a note shall be effective only upon appropriate entries with
      respect thereto being made in the Register. The Register shall be available
      for
      inspection by the Borrower or any Lender at any reasonable time and from time
      to
      time upon reasonable prior notice.

     

    (e)    Notwithstanding
      anything in this Agreement to the contrary, no assignment under Section 10.04(c)
      of any rights or obligations under or in respect of any Loans, any notes or
      the
      Letters of Credit shall be effective unless the Administrative Agent shall
      have
      recorded the assignment pursuant to Section 10.04(d). Upon its receipt of an
      Assignment and Acceptance executed by an assigning Lender and an Assignee (and,
      in the case of an Assignee that is not then a Lender or an Affiliate thereof,
      by
      the Borrower, the Parent, and the Administrative Agent) together with payment
      to
      the Administrative Agent of a registration and processing fee of $3,500 (other
      than in the case of an assignment by a Lender to an Affiliate of such Lender),
      the Administrative Agent shall (i) promptly accept such Assignment and
      Acceptance and (ii) on the effective date determined pursuant thereto record
      the
      information contained therein in the Register and give notice of such acceptance
      and recordation to the Lenders and the Borrower. On or prior to such effective
      date, the assigning Lender shall surrender any outstanding notes held by it
      all
      or a portion of which are being assigned, and the Borrower, at its own expense,
      shall, upon the request to the Administrative Agent by the assigning Lender
      or
      the Assignee, as applicable, execute and deliver to the Administrative Agent
      (in
      exchange for the outstanding notes of the assigning Lender) a new note to the
      order of such Assignee in an amount equal to the amount of such Assignee’s
      Committed Amount after giving effect to such Assignment and Acceptance and,
      if
      the assigning Lender has retained a Committed Amount hereunder, a new note
      to
      the order of the assigning Lender in an amount equal to the amount of such
      Lender’s Committed Amount after giving effect to such Assignment and Acceptance.
      Any such new notes shall be dated the Effective Date and shall otherwise be
      in
      the form of the note replaced thereby. Any notes surrendered by the assigning
      Lender shall be returned by the Administrative Agent to the Borrower marked
      “canceled.”

     

    (f)
    The
      Borrower authorizes each Lender to disclose to any Participant or Assignee
      (each, a “Transferee”) and any prospective Transferees any and all financial
      information in such Lender’s possession concerning the Borrower Parties and
      their Affiliates that has been delivered to such Lender by or on behalf of
      the
      Borrower pursuant to this Agreement or that has been delivered to such Lender
      by
      or on behalf of the Borrower in connection with such Lender’s credit evaluation
      of the Borrower Parties and their Affiliates prior to becoming a party to this
      Agreement.

     

    
      
        
        

      

      
        104

        
          

        

      

      
        
        

      

    

    (g)    For
      the
      avoidance of doubt, the parties to this Agreement acknowledge that the
      provisions of this Section 10.04 concerning assignments of Loans and notes
      relate only to absolute assignments and that such provisions do not prohibit
      assignments creating security interests, including any pledge or assignment
      by a
      Lender or any Loan or note to any Federal Reserve Bank in accordance with
      applicable Governmental Requirements. 

     

    SECTION
      10.05   Survival.
      All
      covenants, agreements, representations and warranties made by the Borrower
      and
      the Parent 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, any 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 Committed Amounts and Maximum Amounts have not expired or
      terminated. The provisions of Section 2.15, Section 2.16, Section 2.17 and
      Section 10.03 and Article IX 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 Committed Amounts and the Maximum Amounts or the termination of this
      Agreement or any provision hereof.

     

    SECTION
      10.06   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. Except
      as provided in Section 4.01, this Agreement shall become effective when it
      shall
      have been executed by the Administrative Agent and when the Administrative
      Agent
      shall have received counterparts hereof which, when taken together, bear the
      signatures of each of the other parties hereto, 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
      10.07   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.

     

    SECTION
      10.08   Right
      of Setoff.
      If an
      Event of Default shall have occurred and be continuing, 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 any Borrower Party against any of and all the
      obligations of any Borrower Party 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.
      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.

     

    
      
        
        

      

      
        105

        
          

        

      

      
        
        

      

    

    SECTION
      10.09   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 Parties 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, any Issuing Bank or any Lender
      may otherwise have to bring any action or proceeding relating to this Agreement
      against the Borrower or its properties in the courts of any
      jurisdiction.

     

    (c)    Each
      of
      the Borrower Parties 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.

     

    (d)    Each
      Borrower Party hereby agrees that the service of all writs, process and
      summonses in any such suit, action or proceeding brought in the State of New
      York against it may be made upon CT Corporation System (the “Process
      Agent”),
      at
      111 Eighth Avenue, New York, New York 10011, and each Borrower Party hereby
      irrevocably agrees that the Process Agent has been duly and irrevocably
      appointed as its agent and true and lawful attorney-in-fact in its name, place
      and stead to accept such service of any and all such writs, process and
      summonses, and agrees that the failure of the Process Agent to give any notice
      of any such service of process to it shall not impair or affect the validity
      of
      such service or any judgment based thereon. Each Borrower Party hereby further
      irrevocably consents to the service of process in any suit, action or proceeding
      in such courts against it by the mailing thereof by the Administrative Agent
      by
      registered or certified mail, postage prepaid, at its address set forth in
      Section 10.01.

     

    
      
        
        

      

      
        106

        
          

        

      

      
        
        

      

    

    SECTION
      10.10   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 xxvii)
      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 xxviii)
      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
      10.11   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
      10.12   Confidentiality.
      Each of
      the Administrative Agent, the Arrangers, any Issuing Bank 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
      and the disclosing party will be responsible for any unpermitted disclosures
      by
      the receiving party), (b)
      to the
      extent requested by any regulatory authority or self regulatory authority,
      (c)
      to the
      extent required by applicable Governmental Requirements 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 (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 and the disclosing party will be
      responsible for any unpermitted disclosures by the receiving party), to
(i)
      any
      assignee of or Participant in, or any prospective assignee of or Participant
      in,
      any of its rights or obligations under this Agreement or (ii)
      any
      actual or prospective counterparty (or its advisors) to any swap or derivative
      transaction relating to the Borrower and its obligations, (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, any Issuing Bank or any Lender on a
      nonconfidential basis from a source other than the Borrower. For the purposes
      of
      this Section, “Information” means all information received from any Borrower
      Party relating to such Borrower Party or its business, other than any such
      information that is available to the Administrative Agent, any Issuing Bank
      or
      any Lender on a nonconfidential basis prior to disclosure by the such Borrower
      Party; provided
      that, in
      the case of information received from such Borrower Party after the date hereof,
      such information is clearly identified at the time of delivery as confidential.
      Any Person required to maintain the confidentiality of Information as provided
      in this Section shall be considered to have complied with its obligation to
      do
      so if such Person has exercised the same degree of care to maintain the
      confidentiality of such Information as such Person would accord to its own
      confidential information.

     

    
      
        
        

      

      
        107

        
          

        

      

      
        
        

      

    

    SECTION
      10.13   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 Governmental
      Requirements (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 Governmental Requirements,
      the
      rate of interest payable in respect of such Loan hereunder, 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 with interest
      thereon at the Federal Funds Effective Rate to the date of repayment, shall
      have
      been received by such Lender.

     

    SECTION
      10.14   USA
      Patriot Act.
      Each
      Lender that is subject to the requirements of the USA Patriot Act (Title III
      of
      Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”),
      hereby notifies the Borrower that pursuant to the requirements of the Act,
      it is
      required to obtain, verify and record information that identifies the Borrower,
      which information includes the name and address of the Borrower and other
      information that will allow such Lender to identify the Borrower in accordance
      with the Act.

     

    SECTION
      10.15   Limitation
      of Liability.
      Except
      as set forth in the Loan Documents or in the case of fraud or intentional
      misrepresentation, neither the General Partner nor any other owner of Equity
      Interests in the Parent (if such owner is not owned directly or indirectly,
      in
      whole or in part, by the Parent) shall be liable for the obligations of the
      Borrower Parties under the Loan Documents including, in each case, by reason
      of
      any payment obligation imposed by governing state partnership
      statutes. 

     

    SECTION
      10.16   Acknowledgments.
      The
      Borrower and Parent each hereby acknowledge that:

     

    (a)    it
      has
      been advised by counsel in the negotiation, execution and delivery of this
      Agreement and the other Loan Documents;

     

    (b)    neither
      the Administrative Agent, the Arrangers nor any Lender has any fiduciary
      relationship with or duty to the Borrower or the Parent arising out of or in
      connection with this Agreement or any of the other Loan Documents, and the
      relationship between the Administrative Agent and the Lenders, on one hand,
      and
      the Borrower and the Parent on the other hand, in connection herewith or
      therewith is solely that of debtor and creditor; and

     

    (c)    no
      joint
      venture is created hereby or by the other Loan Documents or otherwise exists
      by
      virtue of the Transactions among the Lenders or among the Borrower, the Parent,
      and the Lenders.

     

    
      
        
        

      

      
        108

        
          

        

      

      
        
        

      

    

    SECTION
      10.17   Planned
      Reorganization.
      Notwithstanding anything to the contrary set forth in the Loan Documents, the
      Borrower and the other Borrower Parties shall have the right from time to time
      to consummate the Planned Reorganization; provided
      that,
      after giving effect thereto, the Borrower Parties shall be in compliance with
      Section 5.10 and Section 5.11 and provided
      that the
      Planned Reorganization shall not have an adverse effect on the Lenders or their
      rights with respect to the Collateral. 

     

    [Signature
      page follows]

     

    
      
        
        

      

      
        109

        
          

        

      

      
        
        

      

    

    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.

     

    
      	 	
              BORROWER:

            
	 	 	 	 
	 	 	 	 
	 	
              GENESIS
                CRUDE OIL, L.P.

            
	 	 	 	 
	 	 	 	 
	 	
              By:

            	
              GENESIS
                ENERGY, INC., its general partner

            
	 	 	 	 
	 	 	 	 
	 	 	
              By:

            	
              /s/
                Ross A. Benavides

            
	 	 	 	
              Ross
                A. Benavides,

            
	 	 	 	
              Chief
                Financial Officer

            
	 	 	 	 
	 	
              PARENT:

            
	 	 	 	 
	 	 	 	 
	 	
              GENESIS
                ENERGY, L.P.

            
	 	 	 	 
	 	 	 	 
	 	
              By:

            	
              GENESIS
                ENERGY, INC., its general partner

            
	 	 	 	 
	 	 	 	 
	 	 	
              By:

            	
              /s/
                Ross A. Benavides

            
	 	 	 	
              Ross
                A. Benavides,

            
	 	 	 	
              Chief
                Financial Officer

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	
              ADMINISTRATIVE
                AGENT, ARRANGER AND LENDER:

            
	 	 	 
	 	 	 
	 	
              FORTIS
                CAPITAL CORP.

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Trond Rokholt

            
	 	 	
              Trond
                Rokholt

            
	 	 	
              Group
                Head and Managing Director of U.S. Loan Syndications and Debt Capital
                Markets

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                David L. Montgomery

            
	 	 	
              David
                L. Montgomery

            
	 	 	
              Senior
                Vice President

            
	 	 	 
	 	 	 
	 	
              ISSUING
                BANK:

            
	 	 	 
	 	 	 
	 	
              FORTIS
                BANK S.A./N.V., NEW YORK BRANCH

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Catherine Gilbert

            
	 	
              Name:

            	
              Catherine
                Gilbert

            
	 	
              Title:

            	
              Vice
                President

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Marlene Perrier Ellis

            
	 	
              Name:

            	
              Marlene
                Perrier Ellis

            
	 	
              Title:
                

            	
              Vice
                President

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	
              ARRANGER:

            
	 	 
	 	
              DEUTSCHE
                BANK SECURITIES INC.

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Tod Benton

            
	 	
              Name:

            	
              Tod
                Benton

            
	 	
              Title:

            	
              Managing
                Director

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Russell Johnson

            
	 	
              Name:

            	
              Russell
                Johnson

            
	 	
              Title:

            	
              Director

            
	 	 	 
	 	 	 
	 	
              LENDER:

            
	 	 	 
	 	 	 
	 	
              DEUTSCHE
                BANK TRUST COMPANY AMERICAS

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Marcus Tarkington

            
	 	
              Name:

            	
              Marcus
                Tarkington

            
	 	
              Title:

            	
              Director

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Andreas Neumeier

            
	 	
              Name:

            	
              Andreas
                Neumeier

            
	 	
              Title:

            	
              Director

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	
              BANK
                OF AMERICA, N.A.

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Christen A. Lacey

            
	 	
              Name:

            	
              Christen
                A. Lacey

            
	 	
              Title:

            	
              Principal

            
	 	 	 
	 	 	 
	 	
              U.S.
                BANK NATIONAL ASSOCIATION

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Justin M. Alexander

            
	 	
              Name:

            	
              Justin
                M. Alexander

            
	 	
              Title:

            	
              Vice
                President

            
	 	 	 
	 	 	 
	 	
              WACHOVIA
                BANK, NATIONAL ASSOCIATION

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Chris Hewitt

            
	 	
              Name:

            	
              Chris
                Hewitt

            
	 	
              Title:

            	
              Vice
                President

            
	 	 	 
	 	 	 
	 	
              BANK
                OF SCOTLAND

            
	 	 	 
	 	 	 
	 	
              By:
                

            	
              /s/
                Joseph Fratus

            
	 	
              Name:

            	
              Joseph
                Fratus

            
	 	
              Title:

            	
              First
                Vice President

            
	 	 	 
	 	 	 
	 	
              BMO
                CAPITAL MARKETS FINANCING, INC.

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Cahal Carmody

            
	 	
              Name:

            	
              Cahal
                Carmody

            
	 	
              Title:

            	
              Vice
                President

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	
              COMERICA
                BANK

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Josh Strong

            
	 	
              Name:

            	
              Josh
                Strong

            
	 	
              Title:

            	
              Corporate
                Banking Officer

            
	 	 	 
	 	 	 
	 	
              GUARANTY
                BANK

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Jim R. Hamilton

            
	 	
              Name:

            	
              Jim
                R. Hamilton

            
	 	
              Title:

            	
              Senior
                Vice President

            
	 	 	 
	 	 	 
	 	
              ROYAL
                BANK OF CANADA

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Jason S. York

            
	 	
              Name:

            	
              Jason
                S. York

            
	 	
              Title:

            	
              Authorized
                Signatory

            
	 	 	 
	 	 	 
	 	
              SUNTRUST
                BANK

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Yann Pirio

            
	 	
              Name:

            	
              Yann
                Pirio

            
	 	
              Title:

            	
              Vice
                President

            
	 	 	 
	 	 	 
	 	
              AMEGY
                BANK NATIONAL ASSOCIATION

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Chris R. Petersen

            
	 	
              Name:

            	
              Chris
                R. Petersen

            
	 	
              Title:

            	
              Banking
                Officer Energy Group

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      
        	 	
                REGIONS
                  BANK

              
	 	 	 
	 	 	 
	 	
                By:

              	
                /s/
                  Mark H. Wolf

              
	 	
                Name:

              	
                Mark
                  H. Wolf

              
	 	
                Title:

              	
                Senior
                  Vice President

              
	 	 	 
	 	 	 
	 	
                STERLING
                  BANK

              
	 	 	 
	 	 	 
	 	
                By:

              	
                /s/
                  David W. Phillips

              
	 	
                Name:
                  

              	
                David
                  W. Phillips

              
	 	
                Title:

              	
                Senior
                  Vice President

              
	 	 	 
	 	 	 
	 	
                UNION
                  BANK OF CALIFORNIA, N.A.

              
	 	 	 
	 	 	 
	 	
                By:

              	
                /s/
                  Alison Fuqua

              
	 	
                Name:
                  

              	
                Alison
                  Fuqua

              
	 	
                Title:

              	
                Investment
                  Banking Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]