RecapitalizationAgreement资本重组条约doc.docx
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RecapitalizationAgreement资本重组条约doc
RecapitalizationAgreement资本重组协议-
2.1Representations,WarrantiesandCovenantsofCCCandtheGeneralPartner.CCCandtheGeneralPartnerherebyrepresentandwarranttoandcovenantwiththeotherpartiestothisAgreementthat:
(a)eachofthemisdulyorganized,validlyexistingandingoodstandingunderthelawsoftheStateof_________withpartnershiporcorporatepowerandauthoritytoenterintothisAgreement,toperformitsrespectiveobligationshereunderandtoconductitsbusinessasconductedandproposedtobeconducted;eachofBBBFinanceCorp.,BBBGeneralPartner,L.L.C.,BBBOperatingLimitedPartnership,BBBPipelineLimitedPartnership,BBBCanadaLimitedPartnershipandBBBLiquids,L.P.(collectively,theSubsidiaries)isdulyorganized,validlyexistingandingoodstandingunderthelawsoftheStateof_________withpartnership,corporateorlimitedliabilitycompanypowerandauthoritytoconductitsbusinessasconductedandproposedtobeconducted;theSubsidiariesaretheonlysubsidiariesofCCC;
(b)theexecutionanddeliveryofthisAgreementbyeachofCCCandtheGeneralPartnerandtheperformancebyeachofthemofthetransactionscontemplatedherebyhavebeendulyandvalidlyapprovedandauthorizedbyallnecessarypartnershiporcorporateactiononthepartofCCCandtheGeneralPartner,andthisAgreementisthelegal,validandbindingobligationofeachofCCCandtheGeneralPartner,enforceableagainsteachoftheminaccordancewithitsterms,subject,astoenforcement,tobankruptcy,insolvency,reorganizationandotherlawsofgeneralapplicationaffectingcreditor’srightsgenerally;
(c)providedthatUnitholderApprovalisobtained,neithertheexecutionorthedeliveryofthisAgreementbyCCCortheGeneralPartnernortheconsummationofthetransactionscontemplatedherebywill(i)conflictwithorresultinabreach,defaultorviolationofthepartnershipagreementortheorganizationaldocumentsofCCC,oftheGeneralPartnerorofanySubsidiary,(ii)conflictwithorresultinabreach,defaultorviolationofanylegalrequirement,includingtherequirementsoftheNewYorkStockExchange(theNYSE),oranyagreement,document,instrument,judgment,decree,order,governmentalpermit,certificateorlicensetowhichCCC,theGeneralPartneroranySubsidiaryisapartyortowhichanyofthemissubject,(iii)exceptforfilingsrequiredbytheCommission,requireCCC,theGeneralPartneroranySubsidiarytoobtainormakeanywaiver,consent,action,approval,clearanceorauthorizationof,orregistration,declarationorfilingwith,anygovernmentalentity,or(iv)requireCCC,theGeneralPartneroranySubsidiarytoobtaintheconsentoforgivenoticetoanyprivatenongovernmentalthirdpartynotalreadyobtainedorgiven,exceptfornoticesthatmayberequiredfollowingreceiptofUnitholderApproval;
(d)CCChasreceivedafairnessopinionmeetingtherequirementsofSection5.10oftheFirstSupplementalIndenture,datedasof_________(M,D,Y),amongCCC,BBBFinanceCorp.,BBBOperatingLimitedPartnership,BBBPipelineLimitedPartnership,BBBCanadaLimitedPartnershipandTheBankofNewYork;
(e)thevoteofholdersofCommonUnitsorSubordinatedUnitsrequiredtoapprovetheAmendmentistheaffirmativevoteoftheholdersofatleasttwothirdsoftheOutstandingCommonUnitsandtheholdersofatleasttwothirdsoftheOutstandingSubordinatedUnits,votingasseparateclasses(UnitholderApprovalexceptforactionsspecifiedbythisAgreement,nootheractiononthepartoftheGeneralPartner,CCCoranyoftheSubsidiariesisnecessarytoauthorizeandeffectthetransactionscontemplatedbythisAgreement;
(f)neitherCCCnoranyofitsAffiliateshasknowinglywithheldmaterialfactualinformationfrom,orknowinglyprovidedmateriallyfalseormisleadingfactualinformationto,theotherpartiesheretoregardingthetransactionscontemplatedbythisAgreementorthefutureplansofCCC;
(g)the_________CommonUnitstobeissuedtoDDD,the_________CommonUnitstobeissuedtotheGeneralPartnerandthe_________CommonUnitstobeissuedtoAAApursuanttotheAmendmentwillbe,uponeffectivenessoftheAmendment,validlyissued,fullypaid(exceptasprovidedinSection17607ofthe_________RevisedUniformLimitedPartnershipAct)andnonassessableCommonUnits;theOptionwill,uponeffectivenessoftheAmendment,beavalidlyissuedandbindingobligationofCCC;andallCommonUnitstobeissuedtoDDDuponexerciseoftheOptionwillbe,uponexercisethereofandpaymentoftheconsiderationprovidedfortherein,validlyissued,fullypaid(exceptasprovidedinSection17607ofthe_________RevisedUniformLimitedPartnershipAct)andnonassessableCommonUnits;
(h)CCCwill,assoonaspracticablefollowingtheexecutionofthisAgreement,prepareandfilewiththeCommissionaproxystatementandotherproxymaterial(collectively,withanyamendmentstheretoandanydocumentsincorporatedbyreferencetherein,theProxyStatement),incomplianceinallmaterialrespectswiththerequirementsoftheCommissionundertheSecuritiesExchangeActof1934(theExchangeAct),relatingtoaspecialmeetingofLimitedPartners(theSpecialMeeting,whichtermshallincludeanyadjournmentsthereof)tobeheldpursuanttoSection15.4ofthePartnershipAgreementforthepurposeofvotingontheAmendment,andsuchmattershallbetheonlymatterthattheLimitedPartnerswillberequestedtovoteuponattheSpecialMeeting,otherthanproceduralmatters;uponsatisfactionofapplicableCommissionrequirements,CCCwillmailtoRecordHoldersaNoticeofSpecialMeetingandwillholdtheSpecialMeetingassoonaspracticablethereaftertovoteupontheAmendment;theProxyStatementwillnotcontainanyuntruestatementofamaterialfactoromittostateamaterialfactrequiredtobestatedthereinornecessaryinordertomakethestatementstherein,inlightofthecircumstancesunderwhichtheyweremade,notmisleading;theconsolidatedfinancialstatementsofCCCtobeincorporatedbyreferenceintotheProxyStatement,includinganyamendmentsthereto,willcomplyastoforminallmaterialrespectswithapplicableaccountingrequirementsandthepublishedrulesandregulationsoftheCommissionwithrespectthereto;
(i)whentheSpecialMeetingisfirstconvened,theGeneralPartnerwillvoteallUnitsheldbyitinfavoroftheAmendment;uponobtainingUnitholderApprovalandsatisfactionorwaiveroftheotherconditionstoClosing,theAmendmentwillbedulyauthorizedandeffectiveasanamendmenttothePartnershipAgreement,effectiveonandasofthedateUnitholderApprovalisobtained;theGeneralPartnerwillrecommendthatUnitholdersvoteinfavoroftheAmendmentandwillnotchangesuchrecommendationunlessinitsgoodfaithjudgmentitisrequiredbyitsfiduciarydutytodoso;andtheGeneralPartnerwilltakenoactiontopostponeoradjourn,orthatwouldhavetheeffectofpostponingoradjourning,theSpecialMeeting,exceptforthepurposeofsolicitingadditionalproxiesinordertoobtainUnitholderApprovalwithrespecttotheCommonUnitsheldbyholdersotherthanAAA;
(j)CCChasfiledwiththeCommissionandtheNYSEallperiodicreportsandallmaterialschedules,forms,statementsandotherdocumentsrequiredbytheExchangeActortherulesoftheNYSEtobefiledbyCCCsince_________(M,D,Y)(collectively,andineachcaseincludingallexhibitsandschedulestheretoanddocumentsincorporatedbyreferencetherein,thePublicDocumentsasoftheirrespectivedates,excepttotheextentrevisedorsupersededbyasubsequentfilingwiththeCommissionortheNYSE,thePublicDocumentscompliedinallmaterialrespectswiththerequirementsoftheSecuritiesAct,theExchangeActortherulesandregulationsoftheNYSE,asthecasemaybe,andnoneofthePublicDocuments(includinganyandallfinancialstatementsincludedtherein)asofsuchdatescontainedanyuntruestatementofamaterialfactoromittedtostateamaterialfactrequiredtobestatedthereinornecessaryinordertomakethestatementstherein,inlightofthecircumstancesunderwhichtheyweremade,notmisleading;theconsolidatedfinancialstatementsofCCCincludedinallPublicDocuments,includinganyamendmentsthereto,complyastoforminallmaterialrespectswithapplicableaccountingrequirementsandthepublishedrulesandregulationsoftheCommissionwithrespectthereto;
(k)CCChasfurnishedtoDDDandAAAatrue,correctandcompletecopyofthecertificateoflimitedpartnershipofCCCandthePartnershipAgreement,togetherwithallamendmentsthereto(collectively,theCCCOrganizationalDocuments),andtheCCCOrganizationalDocumentsareinfullforceandeffectasofthedatehereofandconstitutealloftheorganizationalandgoverningdocumentsforCCC;therearenoproceedingsoractionspendingorcontemplatedtodissolveCCC;
(l)asofdatehereof,thetotalnumberofissuedandoutstandingequityinterestsofCCCconsistofa1.98%generalpartnerinterestandlimitedpartnerinterestsconsistingof_________CommonUnits,_________SubordinatedUnitsand$,_________ofAPIs;exceptascontemplatedbythePartnershipAgreement,CCC’sotherorganizationaldocumentsandthisAgreement,andexceptforoptionsgrantedunderCCC’s_________(YEAR)UnitOptionPlan,therearenooutstandingrights,subscriptions,calls,options,warrants,preemptiverights,conversionrightsoragreementsgrantedorissuedbyorbindinguponCCCforthepurchaseoracquisition(contingentorotherwise)fromCCCofanyUnits(asdefinedinthePartnershipAgreement)oranyotherequitysecurit