SEC Contract Filing

Filing Date: 2015-02-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>etp101commitmentagreement.htm
<DESCRIPTION>ETP COMMITMENT AGREEMENT
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2015 Workiva -->
 <title>ETP 10.1 Commitment Agreement</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="s44AACA488439529817E19920FB21DDDA"></a><div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><br><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">COMMITMENT INCREASE AGREEMENT</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This COMMITMENT INCREASE AGREEMENT (this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is made as of February 10, 2015 by and among ENERGY TRANSFER PARTNERS, L.P., a Delaware limited partnership (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:12pt;">&#8221;), WELLS FARGO BANK, NATIONAL ASSOCIATION, as the Administrative Agent (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and the Lenders listed on the attached </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:12pt;">&#32;(each a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Supplemental Lender</font><font style="font-family:inherit;font-size:12pt;">&#8221;, and together the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Supplemental Lenders</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;padding-right:41px;">1.</font><font style="font-family:inherit;font-size:12pt;">The Borrower, the Administrative Agent and certain Lenders, as defined therein, are parties to that certain Second Amended and Restated Credit Agreement dated as of October 27, 2011 (as amended or supplemented to the date hereof, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;). All terms used herein and not otherwise defined shall have the same meaning given to them in the Credit Agreement.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;padding-right:41px;">2.</font><font style="font-family:inherit;font-size:12pt;">Pursuant to Section 2.17 of the Credit Agreement, the Borrower has the option, without the consent of the Lenders, from time to time to cause one or more increases in the Aggregate Commitments by adding, subject to the prior approval of the Administrative Agent (such approval not to be unreasonably withheld), to the Credit Agreement one or more financial institutions as Lenders (collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">New Lenders</font><font style="font-family:inherit;font-size:12pt;">&#8221;) or by allowing one or more Lenders to increase their respective Commitments; </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">provided</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">however</font><font style="font-family:inherit;font-size:12pt;">&#32;that (a) prior to and after giving effect to the increase, no Default or Event of Default shall have occurred thereunder and be continuing, (b) no such increase shall cause the Aggregate Commitments to exceed $3,750,000,000, (c) no Lender&#8217;s Commitment shall be increased without such Lender&#8217;s consent, and (d) such increase shall be evidenced by a commitment increase agreement in form and substance acceptable to the Administrative Agent and executed by the Borrower, the Administrative Agent, New Lenders, if any, and Lenders increasing their Commitments, if any. </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:12pt;padding-right:41px;">3.</font><font style="font-family:inherit;font-size:12pt;">In consideration of the foregoing, upon the Increase Effective Date defined below, each Supplemental Lender shall have the Commitment listed next to its name on the attached </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Exhibit A</font><font style="font-family:inherit;font-size:12pt;">, which, in the case of any existing