Common use of Conditions of Closing and Borrowing Clause in Contracts

Conditions of Closing and Borrowing. 97 SECTION 6.1 Conditions to Closing and Initial Extensions of Credit 97 SECTION 6.2 Conditions to All Extensions of Credit 101 146960219_6 ARTICLE VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 102 SECTION 7.1 Organization; Power; Qualification 102 SECTION 7.2 Ownership 102 SECTION 7.3 Authorization; Enforceability 102 SECTION 7.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 103 SECTION 7.5 Compliance with Law; Governmental Approvals 103 SECTION 7.6 Tax Returns and Payments 103 SECTION 7.7 Intellectual Property Matters 104 SECTION 7.8 Environmental Matters 104 SECTION 7.9 Employee Benefit Matters 105 SECTION 7.10 Margin Stock 106 SECTION 7.11 Government Regulation 106 SECTION 7.12 [Intentionally Omitted] 106 SECTION 7.13 Employee Relations 106 SECTION 7.14 Burdensome Provisions 107 SECTION 7.15 Financial Statements 107 SECTION 7.16 No Material Adverse Change 107 SECTION 7.17 Solvency 107 SECTION 7.18 Title to Properties 107 SECTION 7.19 Litigation 107 SECTION 7.20 Anti-Corruption Laws and Sanctions 107 SECTION 7.21 Absence of Defaults 108 SECTION 7.22 Senior Indebtedness Status 108 SECTION 7.23 Disclosure 108 SECTION 7.24 Insurance 109 ARTICLE VIII AFFIRMATIVE COVENANTS 109 SECTION 8.1 Financial Statements and Budgets 109 SECTION 8.2 Certificates; Other Reports 110 SECTION 8.3 Notice of Litigation and Other Matters 111 SECTION 8.4 Preservation of Corporate Existence and Related Matters 112 146960219_6 SECTION 8.5 Maintenance of Property and Licenses 113 SECTION 8.6 Insurance 113 SECTION 8.7 Accounting Methods and Financial Records 113 SECTION 8.8 Payment of Taxes and Other Obligations 113 SECTION 8.9 Compliance with Laws and Approvals 113 SECTION 8.10 Environmental Laws 113 SECTION 8.11 Compliance with ERISA and Canadian Pension Laws 114 SECTION 8.12 Maintenance of Debt Ratings 114 SECTION 8.13 Visits and Inspections 114 SECTION 8.14 Additional Subsidiaries and Collateral 115 SECTION 8.15 Use of Proceeds 116 SECTION 8.16 Corporate Governance 117 SECTION 8.17 Further Assurances 117

Conditions of Closing and Borrowing. 97 SECTION 6.1 Conditions to Closing and Initial Extensions of Credit 97 48 SECTION 6.2 5.2 Conditions to All Extensions of Credit 101 146960219_6 ARTICLE VII REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 102 52 SECTION 7.1 Organization; Power; Qualification 102 6.1 Corporate Existence 53 SECTION 7.2 6.2 Ownership 102 53 SECTION 7.3 Authorization; Enforceability 102 6.3 Authority 53 SECTION 7.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 103 6.4 No Breach 53 SECTION 7.5 6.5 Approvals 53 SECTION 6.6 Compliance with Law; Governmental Approvals 103 Laws 53 SECTION 7.6 6.7 Tax Returns and Payments 103 54 SECTION 7.7 6.8 Intellectual Property Matters 104 54 SECTION 7.8 6.9 Environmental Matters 104 54 SECTION 7.9 6.10 Employee Benefit Matters 105 55 SECTION 7.10 6.11 Margin Stock 106 56 SECTION 7.11 6.12 Government Regulation 106 56 SECTION 7.12 [Intentionally Omitted] 106 6.13 Material Agreements 56 SECTION 7.13 6.14 Employee Relations 106 57 SECTION 7.14 6.15 Burdensome Provisions 107 57 SECTION 7.15 6.16 Financial Statements 107 57 SECTION 7.16 6.17 No Material Adverse Change 107 58 SECTION 7.17 6.18 Solvency 107 58 SECTION 7.18 Title 6.19 Titles to Properties 107 58 SECTION 7.19 6.20 Insurance 58 SECTION 6.21 Liens 59 SECTION 6.22 Litigation 107 59 SECTION 7.20 Anti-Corruption Laws and Sanctions 107 SECTION 7.21 Absence of Defaults 108 SECTION 7.22 6.23 Senior Indebtedness Status 108 59 SECTION 7.23 6.24 OFAC 59 SECTION 6.25 Investment Bankers’ and Similar Fees 59 SECTION 6.26 Operation of the Pipelines 59 SECTION 6.27 Capitalization of General Partner and Subsidiaries 59 SECTION 6.28 Location of Business and Offices 59 SECTION 6.29 Hedging Agreements 60 SECTION 6.30 Imbalances 60 SECTION 6.31 Relationship of Credit Parties 60 SECTION 6.32 Security Documents 60 SECTION 6.33 Disclosure 108 60 SECTION 7.24 Insurance 109 ARTICLE VIII AFFIRMATIVE COVENANTS 109 6.34 No Casualty Event 60 SECTION 8.1 Financial Statements 7.1 Reporting Requirements 61 SECTION 7.2 Litigation 63 SECTION 7.3 Maintenance, Etc. 64 SECTION 7.4 Environmental Matters 65 SECTION 7.5 Further Assurances 65 SECTION 7.6 Performance of Obligations 66 SECTION 7.7 Title Curative 66 SECTION 7.8 Additional Collateral 66 SECTION 7.9 Corporate Identity 69 SECTION 7.10 ERISA Information and Budgets 109 Compliance 70 SECTION 8.2 Certificates; Other Reports 110 7.11 Material Agreements 70 SECTION 8.3 Notice 7.12 Additional Guarantees and Security Documents 70 SECTION 7.13 Payment and Performance of Litigation and Other Matters 111 Obligations 71 SECTION 8.4 Preservation of Corporate Existence and Related Matters 112 146960219_6 SECTION 8.5 Maintenance of Property and Licenses 113 SECTION 8.6 Insurance 113 SECTION 8.7 Accounting Methods and Financial Records 113 SECTION 8.8 Payment of Taxes and Other Obligations 113 SECTION 8.9 7.14 Compliance with Laws and Approvals 113 71 SECTION 8.10 Environmental Laws 113 SECTION 8.11 Compliance with ERISA and Canadian Pension Laws 114 SECTION 8.12 Maintenance of Debt Ratings 114 SECTION 8.13 Visits and Inspections 114 SECTION 8.14 Additional Subsidiaries and Collateral 115 SECTION 8.15 7.15 Use of Proceeds 116 71 SECTION 8.16 Corporate Governance 117 SECTION 8.17 Further Assurances 1177.16 Designation of Unrestricted Entities 71

Conditions of Closing and Borrowing. 97 32 SECTION 6.1 4.1 Conditions to Closing and Initial Extensions of Revolving Credit 97 Loan 32 SECTION 6.2 4.2 Conditions to All Extensions of Revolving Credit 101 146960219_6 Loans 34 ARTICLE VII V REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 102 BORROWER 35 SECTION 7.1 5.1 Organization; Power; Qualification 102 35 SECTION 7.2 5.2 Ownership 102 35 SECTION 7.3 Authorization; 5.3 Authorization Enforceability 102 35 SECTION 7.4 5.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 103 35 SECTION 7.5 5.5 Compliance with Law; Governmental Approvals 103 36 SECTION 7.6 5.6 Tax Returns and Payments 103 36 SECTION 7.7 5.7 Intellectual Property Matters 104 36 SECTION 7.8 5.8 Environmental Matters 104 Matters. 36 SECTION 7.9 5.9 Employee Benefit Matters 105 Matters. 37 SECTION 7.10 5.10 Margin Stock 106 38 SECTION 7.11 5.11 Government Regulation 106 38 SECTION 7.12 [Intentionally Omitted] 106 5.12 Material Contracts 38 SECTION 7.13 5.13 Employee Relations 106 39 SECTION 7.14 5.14 Burdensome Provisions 107 39 SECTION 7.15 5.15 Financial Statements 107 39 SECTION 7.16 5.16 No Material Adverse Change 107 39 SECTION 7.17 5.17 Solvency 107 39 SECTION 7.18 Title 5.18 Titles to Properties 107 39 SECTION 7.19 5.19 Insurance 39 SECTION 5.20 Liens 40 SECTION 5.21 Indebtedness and Guaranty Obligations 40 SECTION 5.22 Litigation 107 40 SECTION 7.20 Anti-Corruption Laws and Sanctions 107 SECTION 7.21 5.23 Absence of Defaults 108 40 SECTION 7.22 Senior Indebtedness Status 108 5.24 OFAC 40 SECTION 7.23 5.25 Investment Bankers' and Similar Fees 40 SECTION 5.26 Disclosure 108 40 ARTICLE VI FINANCIAL INFORMATION AND NOTICES 41 SECTION 7.24 Insurance 109 ARTICLE VIII AFFIRMATIVE COVENANTS 109 6.1 Financial Statements. 41 SECTION 8.1 Financial Statements and Budgets 109 6.2 Officer's Compliance Certificate 41 SECTION 8.2 Certificates; 6.3 Regulatory Reports. 41 SECTION 6.4 Other Reports 110 Reports. 42 SECTION 8.3 6.5 Notice of Litigation and Other Matters 111 42 SECTION 8.4 6.6 Accuracy of Information 44 ARTICLE VII AFFIRMATIVE COVENANTS 44 SECTION 7.1 Preservation of Corporate Existence and Related Matters 112 146960219_6 44 SECTION 8.5 7.2 Maintenance of Property and Licenses 113 Licenses. 44 SECTION 8.6 7.3 Insurance 113 44 SECTION 8.7 7.4 Accounting Methods and Financial Records 113 45 SECTION 8.8 7.5 Payment of Taxes and Other Obligations 113 45 SECTION 8.9 7.6 Compliance with With Laws and Approvals 113 45 SECTION 8.10 7.7 Environmental Laws 113 45 SECTION 8.11 7.8 Compliance with ERISA and Canadian Pension Laws 114 45 SECTION 8.12 Maintenance of Debt Ratings 114 SECTION 8.13 Visits and Inspections 114 SECTION 8.14 Additional Subsidiaries and Collateral 115 SECTION 8.15 Use of Proceeds 116 SECTION 8.16 Corporate Governance 117 SECTION 8.17 Further Assurances 1177.9 Compliance with Agreements 46

Conditions of Closing and Borrowing. 97 28 SECTION 6.1 4.1 Conditions to Closing and Initial Extensions of Credit 97 28 SECTION 6.2 4.2 Conditions to All Extensions of Credit 101 146960219_6 29 ARTICLE VII V REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 102 30 SECTION 7.1 5.1 Organization; Power; Qualification 102 30 SECTION 7.2 5.2 Ownership 102 30 SECTION 7.3 5.3 Authorization; Enforceability 102 30 SECTION 7.4 5.4 Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc 103 30 SECTION 7.5 5.5 Compliance with Law; Governmental Approvals 103 31 SECTION 7.6 Tax Returns and Payments 103 5.6 Taxes 31 SECTION 7.7 5.7 Intellectual Property Matters 104 31 SECTION 7.8 5.8 Environmental Matters 104 31 SECTION 7.9 5.9 Employee Benefit Matters 105 31 SECTION 7.10 5.10 Margin Stock 106 31 SECTION 7.11 Government Regulation 106 5.11 Investment Company Act, Etc 32 SECTION 7.12 [Intentionally Omitted] 106 SECTION 7.13 5.12 Employee Relations 106 32 SECTION 7.14 Burdensome Provisions 107 SECTION 7.15 5.13 Financial Statements 107 32 SECTION 7.16 5.14 No Material Adverse Change 107 Effect 32 SECTION 7.17 5.15 Solvency 107 32 SECTION 7.18 5.16 Title to Properties 107 32 SECTION 7.19 5.17 Litigation 107 32 SECTION 7.20 5.18 Sanctions; Anti-Corruption Laws and Sanctions 107 Anti-Money Laundering Laws 32 SECTION 7.21 5.19 Absence of Defaults 108 33 SECTION 7.22 Senior Indebtedness Status 108 SECTION 7.23 5.20 Disclosure 108 SECTION 7.24 Insurance 109 33 ARTICLE VIII VI AFFIRMATIVE COVENANTS 109 33 SECTION 8.1 6.1 Financial Statements and Budgets 109 33 SECTION 8.2 6.2 Certificates; Other Reports 110 34 SECTION 8.3 6.3 Notice of Litigation and Other Matters 111 35 SECTION 8.4 6.4 Preservation of Corporate Existence and Related Matters 112 146960219_6 36 SECTION 8.5 6.5 Maintenance of Property and Licenses 113 Properties 36 SECTION 8.6 6.6 Insurance 113 36 SECTION 8.7 Accounting Methods and Financial Records 113 SECTION 8.8 6.7 Payment of Taxes and Other Obligations 113 36 SECTION 8.9 6.8 Compliance with Laws and Approvals 113 36 SECTION 8.10 Environmental Laws 113 SECTION 8.11 6.9 Compliance with ERISA Anti-Corruption Laws; Anti-Money Laundering Laws and Canadian Pension Laws 114 SECTION 8.12 Maintenance of Debt Ratings 114 SECTION 8.13 Visits and Inspections 114 SECTION 8.14 Additional Subsidiaries and Collateral 115 SECTION 8.15 Use of Proceeds 116 SECTION 8.16 Corporate Governance 117 SECTION 8.17 Further Assurances 117Sanctions 36