Tallgrass Energy Partners, LP (NYSE:TEP) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
| • | default under any mortgage, indenture or instrument governing any indebtedness for money borrowed or guaranteed by the Partnership or any of its subsidiaries, if such default: (i)is caused by a failure to pay principal, interest or premium, if any, on said indebtedness within any applicable grace period; or (ii)results in the acceleration of such indebtedness prior to its stated maturity, and, in each case, the principal amount of the indebtedness, together with the principal amount of any other such indebtedness under which there has been a payment default or acceleration of maturity, aggregates $75.0million or more, subject to a cure provision; |
| • | failure by the Partnership or any of its subsidiaries to pay final non-appealeable judgments aggregating in excess of $75.0million, which judgments are not paid, discharged or stayed for a period of 60 days; |
| • | any guarantee is held in any judicial proceeding to be unenforceable or invalid, or ceases for any reason to be in full force and effect, or any Guarantor, or any person acting on behalf of any Guarantor, denies or disaffirms its obligations under its guarantee; and |
| • | certain events of bankruptcy or insolvency described in the Indenture with respect to the Partnership, or any of the Partnership’s subsidiaries that is a significant subsidiary or any group of its subsidiaries that, taken as a whole, would constitute a significant subsidiary of the Partnership. |
Tallgrass Energy Partners, LP ExhibitEX-1.1 2 d458660dex11.htm EX-1.1 EX-1.1 Exhibit 1.1 Execution Version $500,…To view the full exhibit click here
About Tallgrass Energy Partners, LP (NYSE:TEP)
Tallgrass Energy Partners, LP owns, operates, acquires and develops midstream energy assets in North America. The Company operates through three segments: Crude Oil Transportation & Logistics, which includes the ownership and operation of a crude oil pipeline system; Natural Gas Transportation & Logistics, which includes the ownership and operation of Federal Energy Regulatory Commission (FERC)-regulated interstate natural gas pipelines and integrated natural gas storage facilities, and Processing & Logistics, which includes the ownership and operation of natural gas processing, treating and fractionation facilities, the provision of water business services primarily to the oil and gas exploration and production industry and the transportation of natural gas liquid (NGLs). It operates the Sterling Terminal near Sterling, Colorado. It also operates Buckingham Terminal in northeast Colorado. It has interest in the Deeprock Development Terminal in Cushing, Okla.
