guarantee
means a guarantee other than by endorsement of negotiable
instruments for collection in the ordinary course of business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any
part of any Debt. When used as a verb, guarantee has a correlative meaning.
Guarantors
means any
Subsidiary of the Partnership that becomes a Guarantor in accordance with the provisions of the Indenture.
obligations
means any principal, premium, if any, interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization, whether or not a claim for post-filing interest is allowed in such proceeding), penalties, fees,
charges, expenses, indemnifications, reimbursement obligations, damages, guarantees, and other liabilities or amounts payable under the documentation governing any Debt or in respect thereto.
Person
means any individual, corporation, partnership, joint venture, joint stock company, association, trust,
unincorporated organization, limited liability company, government or any agency or political subdivision thereof or any other entity.
Principal Property
means, whether currently owned or leased or subsequently acquired, any pipeline, gathering system,
terminal, storage facility, processing plant or other plant or facility located in the United States of America or any territory or political subdivision thereof owned or leased by the Partnership or any of its Subsidiaries and used in the
transportation, distribution, terminalling, gathering, treating, processing, marketing or storage of natural gas and natural gas liquids and propane except (1) any property or asset consisting of inventories, furniture, office fixtures and
equipment (including data processing equipment), vehicles and equipment used on, or useful with, vehicles (but excluding vehicles that generate transportation revenues) and (2) any such property or asset, plant or terminal which, in the good
faith opinion of the Board of Directors of the General Partner as evidenced by resolutions of the Board of Directors of the General Partner, is not material in relation to the activities of the Partnership and its Subsidiaries, taken as a whole.
Principal Subsidiary
means any of the Partnerships Subsidiaries that owns or leases, directly or indirectly, a
Principal Property.
Revolving Credit Facility
means the Third Amended and Restated Revolving Credit Agreement, dated
as of February 15, 2018, among the Partnership, Wells Fargo Bank, National Association, as the administrative agent and the lenders party thereto, as amended, restated, refinanced, replaced or refunded from time to time.
Sale-Leaseback Transaction
means the sale or transfer by the Partnership or any Principal Subsidiary of any Principal
Property to a Person (other than the Partnership or a Principal Subsidiary) and the taking back by the Partnership or any Principal Subsidiary, as the case may be, of a lease of such Principal Property.
Subsidiary
means, as to any Person, (1) any corporation, association or other business entity (other than a
partnership or limited liability company) of which more than 50% of the outstanding capital stock having ordinary voting power is at the time owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of
such Person or (2) any general or limited partnership or limited liability company, (a) the sole general partner or member of which is the Person or a Subsidiary of the Person or (b) if there is more than one general partner or
member, either (i) the only managing general partners or managing members of such partnership or limited liability company are such Person or Subsidiaries of such Person or (ii) such Person owns or controls, directly or indirectly, a
majority of the outstanding general partner interests, member interests or other voting equities of such partnership or limited liability company, respectively.
Subsidiary Guarantee
means any guarantee by a Guarantor of the Partnerships obligations under the Indenture and on
the notes.
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