RecapitalizationAgreement资本重组条约doc.docx

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