Trust Indenture | Indenture | |||
Act Section | Section | |||
310(a)(1) | 7.10 | |||
(a)(2) | 7.10 | |||
(a)(3) | N/A | |||
(a)(4) | N/A | |||
(a)(5) | 7.10 | |||
(b) | 7.10 | |||
(c) | N/A | |||
311(a) | 7.11 | |||
(b) | 7.11 | |||
(c) | N/A | |||
312(a) | 2.05 | |||
(b) | 11.03 | |||
(c) | 11.03 | |||
313(a) | 7.06 | |||
(b)(1) | 7.06 | |||
(b)(2) | 7.06, 7.07 | |||
(c) | 7.06, 11.02 | |||
(d) | 7.06 | |||
314(a) | 4.03, 4.04, 11.02 | |||
(b) | N/A | |||
(c)(1) | 11.04 | |||
(c)(2) | 11.04 | |||
(c)(3) | N/A | |||
(d) | N/A | |||
(e) | 11.05 | |||
(f) | N/A | |||
315(a) | 7.01 | |||
(b) | 7.05, 11.02 | |||
(c) | 7.01 | |||
(d) | 7.01 | |||
(e) | 6.11 | |||
316(a)(last sentence) | 2.08 | |||
(a)(1)(A) | 6.05 | |||
(a)(1)(B) | 6.04 | |||
(a)(2) | N/A | |||
(b) | 6.07 | |||
(c) | 9.04 | |||
317(a)(1) | 6.08 | |||
(a)(2) | 6.09 | |||
(b) | 2.04 | |||
318(a) | 11.01 | |||
(b) | N/A | |||
(c) | 11.01 |
N/A means not applicable. | ||
* | This Cross-Reference Table is not part of the Indenture. |
i
Page | ||||||
ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE | 1 | |||||
Section 1.01. | Definitions | 1 | ||||
Section 1.02. | Other Definitions | 26 | ||||
Section 1.03. | Incorporation by Reference of Trust Indenture Act | 27 | ||||
Section 1.04. | Rules of Construction | 27 | ||||
ARTICLE 2 THE NOTES | 27 | |||||
Section 2.01. | Form and Dating | 27 | ||||
Section 2.02. | Execution and Authentication | 28 | ||||
Section 2.03. | Registrar and Paying Agent | 28 | ||||
Section 2.04. | Paying Agent to Hold Money in Trust | 29 | ||||
Section 2.05. | Noteholder Lists | 29 | ||||
Section 2.06. | Transfer and Exchange | 29 | ||||
Section 2.07. | Replacement Notes | 29 | ||||
Section 2.08. | Outstanding Notes | 30 | ||||
Section 2.09. | Temporary Notes | 30 | ||||
Section 2.10. | Cancellation | 30 | ||||
Section 2.11. | Defaulted Interest | 31 | ||||
Section 2.12. | CUSIP Numbers | 31 | ||||
Section 2.13. | Issuance of Additional Notes | 31 | ||||
ARTICLE 3 REDEMPTION AND PREPAYMENT | 32 | |||||
Section 3.01. | Notices to Trustee | 32 | ||||
Section 3.02. | Selection of Notes to be Redeemed | 32 | ||||
Section 3.03. | Notice of Redemption | 32 | ||||
Section 3.04. | Effect of Notice of Redemption | 33 | ||||
Section 3.05. | Deposit of Redemption Price | 34 | ||||
Section 3.06. | Notes Redeemed in Part | 34 | ||||
Section 3.07. | Optional Redemption | 34 | ||||
Section 3.08. | Mandatory Redemption | 35 | ||||
Section 3.09. | Offer to Purchase by Application of Excess Proceeds | 35 | ||||
ARTICLE 4 COVENANTS | 37 | |||||
Section 4.01. | Payment of Notes | 37 | ||||
Section 4.02. | Maintenance of Office or Agency | 37 | ||||
Section 4.03. | Reports | 38 | ||||
Section 4.04. | Compliance Certificate | 39 | ||||
Section 4.05. | Taxes | 39 | ||||
Section 4.06. | Stay, Extension and Usury Laws | 40 | ||||
Section 4.07. | Limitation on Restricted Payments | 40 | ||||
Section 4.08. | Limitation on Dividend and Other Payment Restrictions Affecting Subsidiaries | 44 | ||||
Section 4.09. | Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock | 46 |
ii
Page | ||||||
Section 4.10. | Limitation on Asset Sales | 49 | ||||
Section 4.11. | Limitation on Transactions with Affiliates | 51 | ||||
Section 4.12. | Limitation on Liens | 52 | ||||
Section 4.13. | Additional Subsidiary Guarantees | 53 | ||||
Section 4.14. | Corporate Existence | 53 | ||||
Section 4.15. | Offer to Repurchase Upon Change of Control | 53 | ||||
Section 4.16. | No Inducements | 56 | ||||
Section 4.17. | [Reserved] | 56 | ||||
Section 4.18. | Covenant Termination | 56 | ||||
Section 4.19. | Designation of Restricted and Unrestricted Subsidiaries | 56 | ||||
ARTICLE 5 SUCCESSORS | 57 | |||||
Section 5.01. | Merger, Consolidation, or Sale of Assets | 57 | ||||
Section 5.02. | Successor Substituted | 58 | ||||
ARTICLE 6 DEFAULTS AND REMEDIES | 58 | |||||
Section 6.01. | Events of Default | 58 | ||||
Section 6.02. | Acceleration | 61 | ||||
Section 6.03. | Other Remedies | 61 | ||||
Section 6.04. | Waiver of Past Defaults | 61 | ||||
Section 6.05. | Control by Majority | 61 | ||||
Section 6.06. | Limitation on Suits | 62 | ||||
Section 6.07. | Rights of Holders of Notes to Receive Payment | 62 | ||||
Section 6.08. | Collection Suit by Trustee | 62 | ||||
Section 6.09. | Trustee May File Proofs of Claim | 63 | ||||
Section 6.10. | Priorities | 63 | ||||
Section 6.11. | Undertaking for Costs | 63 | ||||
ARTICLE 7 TRUSTEE | 64 | |||||
Section 7.01. | Duties of Trustee | 64 | ||||
Section 7.02. | Rights of Trustee | 65 | ||||
Section 7.03. | Individual Rights of Trustee | 66 | ||||
Section 7.04. | Trustee’s Disclaimer | 66 | ||||
Section 7.05. | Notice of Defaults | 66 | ||||
Section 7.06. | Reports by Trustee to Holders of the Notes | 66 | ||||
Section 7.07. | Compensation and Indemnity | 67 | ||||
Section 7.08. | Replacement of Trustee | 68 | ||||
Section 7.09. | Successor Trustee by Merger, etc. | 69 | ||||
Section 7.10. | Eligibility; Disqualification | 69 | ||||
Section 7.11. | Preferential Collection of Claims Against the Company | 69 | ||||
ARTICLE 8 LEGAL DEFEASANCE AND COVENANT DEFEASANCE | 69 | |||||
Section 8.01. | Option to Effect Legal Defeasance or Covenant Defeasance | 69 | ||||
Section 8.02. | Legal Defeasance and Discharge | 69 | ||||
Section 8.03. | Covenant Defeasance | 70 | ||||
Section 8.04. | Conditions to Legal or Covenant Defeasance | 71 | ||||
Section 8.05. | Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions | 72 | ||||
Section 8.06. | Repayment to the Company | 72 |
iii
Page | ||||||
Section 8.07. | Reinstatement | 73 | ||||
Section 8.08. | Discharge | 73 | ||||
ARTICLE 9 AMENDMENT, SUPPLEMENT AND WAIVER | 74 | |||||
Section 9.01. | Without Consent of Holders of Notes | 74 | ||||
Section 9.02. | With Consent of Holders of Notes | 75 | ||||
Section 9.03. | Compliance with Trust Indenture Act | 76 | ||||
Section 9.04. | Effect of Consents | 76 | ||||
Section 9.05. | Notation on or Exchange of Notes | 77 | ||||
Section 9.06. | Trustee to Sign Amendments, etc. | 77 | ||||
ARTICLE 10 GUARANTEES OF NOTES | 77 | |||||
Section 10.01. | Subsidiary Guarantees | 77 | ||||
Section 10.02. | [Reserved] | 78 | ||||
Section 10.03. | Guarantors May Consolidate, etc., on Certain Terms | 78 | ||||
Section 10.04. | Releases of Subsidiary Guarantees | 79 | ||||
Section 10.05. | [Reserved] | 79 | ||||
Section 10.06. | Limitation on Guarantor Liability | 79 | ||||
ARTICLE 11 MISCELLANEOUS | 80 | |||||
Section 11.01. | Trust Indenture Act Controls | 80 | ||||
Section 11.02. | Notices | 80 | ||||
Section 11.03. | Communication by Holders of Notes with Other Holders of Notes | 81 | ||||
Section 11.04. | Certificate and Opinion as to Conditions Precedent | 81 | ||||
Section 11.05. | Statements Required in Certificate or Opinion | 81 | ||||
Section 11.06. | Rules by Trustee and Agents | 82 | ||||
Section 11.07. | No Personal Liability of Directors, Officers, Employees and Stockholders | 82 | ||||
Section 11.08. | Governing Law | 82 | ||||
Section 11.09. | No Adverse Interpretation of Other Agreements | 82 | ||||
Section 11.10. | Successors | 82 | ||||
Section 11.11. | Severability | 82 | ||||
Section 11.12. | Table of Contents, Headings, etc. | 83 | ||||
Section 11.13. | Counterparts | 83 | ||||
Section 11.14. | Acts of Holders | 83 | ||||
Section 11.15. | Patriot Act | 84 |
iv
RULE 144A/REGULATION S APPENDIX | App.-1 | |||||
EXHIBIT 1 Form of Initial Note | ||||||
EXHIBIT A Form of Exchange Note | ||||||
SCHEDULE I | Agreements with Affiliates | S-1 | ||||
ANNEX A | Form of Supplemental Indenture | A-1 |
v
DEFINITIONS AND INCORPORATION
BY REFERENCE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Term | Defined in Section | |||
“Act” | 11.14 | |||
“Affiliate Transaction” | 4.11 | |||
“Appendix” | 2.01 | |||
“Asset Sale Offer” | 3.09 | |||
“Change of Control Offer” | 4.15 | |||
“Change of Control Payment” | 4.15 | |||
“Change of Control Settlement Date” | 4.15 | |||
“Covenant Defeasance” | 8.03 | |||
“Discharge” | 8.08 | |||
“Event of Default” | 6.01 | |||
“Excess Proceeds” | 4.10 | |||
“incur” | 4.09 | |||
“Legal Defeasance” | 8.02 | |||
“Offer Amount” | 3.09 | |||
“Offer Period” | 3.09 | |||
“Paying Agent” | 2.03 | |||
“Payment Default” | 6.01 | |||
“Permitted Debt” | 4.09 | |||
“Registrar” | 2.03 | |||
“Restricted Payments” | 4.07 | |||
“Restricted Payments Basket” | 4.07 | |||
“Settlement Date” | 3.09 | |||
“Termination Date” | 3.09 |
26
THE NOTES
27
28
29
30
31
REDEMPTION AND PREPAYMENT
32
33
YEAR | PERCENTAGE | |||
2013 | 105.438 | % | ||
2014 | 103.625 | % | ||
2015 | 101.813 | % | ||
2016 and thereafter | 100.000 | % |
34
35
36
COVENANTS
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
SUCCESSORS
57
DEFAULTS AND REMEDIES
58
59
60
61
62
63
TRUSTEE
64
65
66
67
68
LEGAL DEFEASANCE AND COVENANT DEFEASANCE
69
70
71
72
73
AMENDMENT, SUPPLEMENT AND WAIVER
74
75
76
GUARANTEES OF NOTES
77
78
79
MISCELLANEOUS
16666 Northchase Drive
Houston, Texas 77060
Attention: Chief Financial Officer
Telecopier No.: (281) 836-7953
One Shell Plaza
910 Louisiana Street
Houston, Texas 77002
Attention: Ryan J. Maierson
Telecopier No.: (713) 229-7911
1445 Ross Avenue — 2nd Floor
Dallas, Texas 75202-2812
Attention: Corporate Trust Services
Telecopier No.: (214) 777-4086
80
81
82
83
84
EXTERRAN HOLDINGS, INC. | ||||
By: | ||||
J. Michael Anderson | ||||
Senior Vice President, Chief Financial Officer and Chief of Staff | ||||
Guarantors: EXTERRAN ENERGY SOLUTIONS, L.P. | ||||
By: | ||||
J. Michael Anderson | ||||
Senior Vice President, Chief Financial Officer and Chief of Staff | ||||
EES LEASING LLC | ||||
By: | ||||
J. Michael Anderson | ||||
Senior Vice President, Chief Financial Officer and Chief of Staff | ||||
EXH MLP LP LLC | ||||
By: | ||||
Pamela A. Jasinski | ||||
Manager | ||||
EXTERRAN WATER MANAGEMENT SERVICES, LLC | ||||
By: | ||||
J. Michael Anderson | ||||
Senior Vice President, Chief Financial Officer and Chief of Staff |
85
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee | ||||
By: | ||||
Patrick T. Giordano | ||||
Vice President |
86
AND EXCHANGE NOTES
App.-1
Term | Defined in Section: | |||
“Agent Members” | 2.1 | (b) | ||
“Distribution Compliance Period” | 2.1 | (b) | ||
“Global Note” | 2.1 | (a) | ||
“Regulation S” | 2.1 | (a) | ||
“Regulation S Notes” | 2.1 | (a) | ||
“Restricted Global Note” | 2.1 | (a) | ||
“Rule 144A” | 2.1 | (a) | ||
“Rule 144A Notes” | 2.1 | (a) |
App.-2
App.-3
App.-4
App.-5
App.-6
App.-7
App.-8
Ex. 1 to App.-1
Ex. 1 to App.-2
No. [ ] | $[ ] | |||
CUSIP No. [ ] | ||||
ISIN No. [ ] |
Exterran Holdings, Inc. | ||||
By: | ||||
Name: | ||||
Title: | ||||
1 | If this Note is a Global Note, add this provision. |
Ex. 1 to App.-3
AUTHENTICATION
as Trustee, certifies that
this is one of the Notes
referred to in the Indenture.
Authorized Signatory
Ex. 1 to App.-4
Ex. 1 to App.-5
YEAR | PERCENTAGE | |||
2013 | 105.438 | % | ||
2014 | 103.625 | % | ||
2015 | 101.813 | % | ||
2016 and thereafter | 100.000 | % |
Ex. 1 to App.-6
Ex. 1 to App.-7
Ex. 1 to App.-8
Ex. 1 to App.-9
Ex. 1 to App.-10
16666 Northcase Drive
Houston, Texas 77060
Attention: Chief Financial Officer
Ex. 1 to App.-11
Date: _____________________ | Your Signature: _______________________________________________ | |||
Sign exactly as your name appears on the other side of this Note. | ||||
Signature Guarantee: | ||||
(Signature must be guaranteed) |
(1) | o | to the Company or any subsidiary thereof; or | ||
(2) | o | pursuant to an effective registration statement under the Securities Act of 1933; or | ||
(3) | o | to a person who the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933) that is purchasing for its own account or for the account of a qualified institutional buyer to whom notice is given that such transfer is |
Ex. 1 to App.-12
being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the Securities Act of 1933; or | ||||
(4) | o | outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act of 1933; or | ||
(5) | o | pursuant to another available exemption from the registration requirements of the Securities Act of 1933. |
Signature | ||||
Ex. 1 to App.-13
Dated: _____________________ | ||||
Notice: To be executed by an executive officer | ||||
Ex. 1 to App.-14
o Section 4.10 | o Section 4.15 |
Date: ___________________ | Your Signature:_______________________________________________ | |
(Sign exactly as your name appears on the other side of this Note) |
Ex. 1 to App.-15
Principal | ||||||||||||||||||
Amount of | Amount of | Amount of this | Signature of | |||||||||||||||
decrease in | increase in | Global Note | authorized | |||||||||||||||
Principal | Principal | following such | officer | |||||||||||||||
Amount of this | Amount of this | decrease or | of Trustee or | |||||||||||||||
Date | Global Note | Global Note | increase | Notes Custodian |
Ex. 1 to App.-16
*/ | If the Note is to be issued in global form add the Global Notes Legend from Exhibit 1 to Rule 144A/Regulation S Appendix and the attachment from such Exhibit 1 captioned “[TO BE ATTACHED TO GLOBAL NOTES] — SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE”. |
Ex. A to App.-1
No. [ ] | $ [ ] | |||
CUSIP No. [ ] | ||||
ISIN No. [ ] |
Exterran Holdings, Inc. | ||||
By: | ||||
Name: | ||||
Title: | ||||
AUTHENTICATION
as Trustee, certifies that
this is one of the Notes
referred to in the Indenture.
Authorized Signatory
2 | If this Note is a Global Note, add this provision. |
Ex. A to App.-2
YEAR | PERCENTAGE | |||
2013 | 105.438 | % | ||
2014 | 103.625 | % | ||
2015 | 101.813 | % | ||
2016 and thereafter | 100.000 | % |
3 | Delete if this Note is not being issued in exchange for an Initial Note. |
16666 Northcase Drive
Houston, Texas 77060
Attention: Chief Financial Officer
4 | Delete if this Note is not being issued in exchange for an Initial Note. |
Date: | Your Signature: _______________________________ | |
Sign exactly as your name appears on the other side of this Note. |
o Section 4.10 | o Section 4.15 |
Date: | Your Signature: _______________________________ | |
(Sign exactly as your name appears on the other side of this Note) |
S-1
AND AMENDMENT — SUBSIDIARY GUARANTEE
A-1
A-2
A-3
Exterran Holdings, Inc. | ||||
By: | ||||
Name: | ||||
Title: | ||||
GUARANTORS: [__________________________________] | ||||
By: | ||||
Name: | ||||
Title: | ||||
Wells Fargo Bank, National Association, as Trustee | ||||
By: | ||||
Name: | ||||
Title: | ||||
A-4