SEC Contract Filing

Filing Date: 2016-02-09

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>a16-1830_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.1</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FACILITY INCREASE AGREEMENT</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This FACILITY INCREASE AGREEMENT (this &#147;<u>Agreement</u>&#148;), dated October&nbsp;7, 2015, is made by NGL ENERGY OPERATING LLC, a Delaware limited liability company (the &#147;<u>Borrowers&#146; Agent</u>&#148;), each party signatory hereto identified as a New Revolving Lender on the signature pages&nbsp;hereto (each a &#147;<u>New Revolving Lender</u>&#148;), each party signatory hereto identified as an Increasing Lender on the signature pages&nbsp;hereto (each an &#147;<u>Increasing Lender</u>&#148;), DEUTSCHE BANK TRUST COMPANY AMERICAS, as administrative agent for the Secured Parties (in such capacity, together with its successors in such capacity, the &#147;<u>Administrative Agent</u>&#148;) and each Issuing Bank party hereto.&#160; Capitalized terms used in this Agreement and not defined herein, including in this preamble, have the meanings set forth for such terms in the Credit Agreement (as hereinafter defined).</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Borrowers, the Guarantors, the Administrative Agent, Deutsche Bank AG, New York Branch, as technical agent, Deutsche Bank Trust Company Americas, as collateral agent for the Secured Parties and the Lenders party thereto have entered into a Credit Agreement dated as of June&nbsp;19, 2012, as amended by Amendment No.&nbsp;1 thereto, dated as of January&nbsp;15, 2013, Amendment No.&nbsp;2 thereto, dated as of May&nbsp;8, 2013, Amendment No.&nbsp;3 thereto, dated as of September&nbsp;30, 2013, Amendment No.&nbsp;4 thereto, dated as of November&nbsp;5, 2013, Amendment No.&nbsp;5 thereto, dated as of December&nbsp;23, 2013, Amendment No.&nbsp;6 thereto, dated as of June&nbsp;12, 2014, and Amendment No.&nbsp;7, dated as of June&nbsp;27, 2014, Amendment No.&nbsp;8 thereto dated as of December&nbsp;19, 2014, Amendment No.&nbsp;9 thereto dated May&nbsp;1, 2015 and Amendment No.&nbsp;10 thereto dated as of July&nbsp;31, 2015 (and as otherwise amended, supplemented or modified from time to time, the &#147;<u>Credit Agreement</u>&#148;).</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the parties hereto desire to evidence an increase in the aggregate Acquisition Revolving Commitments pursuant to <u>Section&nbsp;2.4(c)</u>&nbsp;of the Credit Agreement as set forth herein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, for good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The aggregate Acquisition Revolving Commitments are hereby increased from $858,000,000.00 to $1,008,000,000.00, as of the effective date of this Agreement (the &#147;<u>Increase Effective Date</u>&#148;), the Commitments of the Lenders shall be as set forth in <u>Schedule 1</u> hereto.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Consistent with <u>Section&nbsp;2.4(c)(v)</u>&nbsp;of the Credit Agreement, as of the Increase Effective Date, <u>Schedule 1</u> shall supersede and replace <u>Schedule 1.1A</u> of the Credit Agreement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To induce each New Revolving Lender, each Increasing Lender, and the other Secured Parties party hereto to enter into this Agreement, the Borrowers&#146; Agent (by delivery of its respective counterpart to this Agreement) hereby (i)&nbsp;represents and warrants that after giving effect to this Agreement, the representations and warranties contained in the Credit Agreement and other Loan Documents are true and correct in all material respects on and as of the date hereof with the same effect as though made on and as of the date hereof, except to the extent s