Attached files
file | filename |
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10-Q - FORM 10-Q - TENNESSEE GAS PIPELINE COMPANY, L.L.C. | h84780e10vq.htm |
EXCEL - IDEA: XBRL DOCUMENT - TENNESSEE GAS PIPELINE COMPANY, L.L.C. | Financial_Report.xls |
EX-32.B - EX-32.B - TENNESSEE GAS PIPELINE COMPANY, L.L.C. | h84780exv32wb.htm |
EX-31.A - EX-31.A - TENNESSEE GAS PIPELINE COMPANY, L.L.C. | h84780exv31wa.htm |
EX-32.A - EX-32.A - TENNESSEE GAS PIPELINE COMPANY, L.L.C. | h84780exv32wa.htm |
EX-31.B - EX-31.B - TENNESSEE GAS PIPELINE COMPANY, L.L.C. | h84780exv31wb.htm |
Exhibit 3.A
LIMITED LIABILITY COMPANY AGREEMENT
OF
TENNESSEE GAS PIPELINE COMPANY, L.L.C.
OF
TENNESSEE GAS PIPELINE COMPANY, L.L.C.
A DELAWARE LIMITED LIABILITY COMPANY
PREAMBLE
This LIMITED LIABILITY COMPANY AGREEMENT of Tennessee Gas Pipeline Company, L.L.C. (the
Company) is entered into effective as of the 1st day of October, 2011, by El Paso TGPC
Investments, L.L.C..
WHEREAS, the Company was formed as a Delaware corporation under the Delaware General
Corporation Law on June 9, 1947; and
WHEREAS, the Company converted to a limited liability company under the Act pursuant to the
filing of the Certificate of Conversion (as hereinafter defined) and the Certificate of Formation
(as hereinafter defined), each effective on October 1, 2011;
NOW, THEREFORE, the Member (as hereinafter defined) hereby adopts the following:
ARTICLE I
DEFINITIONS AND TERMS
DEFINITIONS AND TERMS
SECTION 1.01. Definitions. Unless the context otherwise requires, the following terms shall have the following
meanings for the purposes of this Agreement:
Act means the Delaware Limited Liability Company Act, 6 Del C. §§ 18-101, et seq., as
amended from time to time (or any corresponding provisions of succeeding Law).
Agreement means this Limited Liability Company Agreement, as the same may be amended from
time to time.
Capital Contribution means a capital contribution made by the Member pursuant to Section
3.01 or Section 3.02.
Certificate of Conversion means the Certificate of Conversion filed with the Secretary of
State of the State of Delaware effective as of October 1, 2011, to convert the Company from a
Delaware corporation to a Delaware limited liability company pursuant to the Act, as originally
executed by Stacy J. James (as an authorized person within the meaning of the Act).
Certificate of Formation means the Certificate of Formation filed with the Secretary of
State of the State of Delaware effective as of October 1, 2011, to form the Company pursuant to the
Act, as originally executed by Stacy J. James (as an authorized person within the meaning of the
Act) and as amended, modified, supplemented or restated from time to time, as the context requires.
Claim means any and all losses, claims, damages, liabilities (joint or several), expenses
(including reasonable legal fees and expenses), judgments, penalties, interest, settlements or
other amounts arising from any and all claims, demands, actions, suits or proceedings (whether
civil, criminal, administrative or investigative), deficiencies, levies, duties, imposts,
remediation and cleanup costs and natural resources damages.
Distributable Cash means cash (in U.S. dollars) of the Company that the Member determines is
available for distribution.
Interest means, with respect to any Member the ownership interest in the Company at any
time, as set forth on Exhibit A, including the right of the Member to any and all benefits to which
the Member may be entitled as provided in this Agreement, together with the obligations of the
Member to comply with all the terms and provisions of this Agreement.
Law means any applicable constitutional provision, statute, act, code (including the
Internal Revenue Code of 1986, as amended and in effect from time to time), law, regulation, rule,
ordinance, order, decree, ruling, proclamation, notice, resolution, judgment, decision,
declaration, policy statement or interpretative or advisory opinion or letter of a Governmental
Authority having valid jurisdiction.
Member means El Paso TGPC Investments, L.L.C., and any other member or members admitted to
the Company in accordance with this Agreement or any amendment or restatement hereof.
Person has the meaning set forth in the Act.
SECTION 1.02. Terms Generally. The definitions in Section 1.01 shall apply equally to both the singular and plural
forms of the terms defined. Whenever the context may require, any pronoun shall include the
corresponding masculine, feminine and neuter forms. All references herein to Articles, Sections
and Exhibits shall be deemed to be references to Articles and Sections of, and Exhibits to, this
Agreement unless the context shall otherwise require. The words include, includes and
including shall be deemed to be followed by the phrase without limitation.
ARTICLE II
FORMATION
FORMATION
SECTION 2.01. Name. The name of the Company shall be as set forth in the Preamble hereof. All business of the
Company shall be conducted under such name and title to all property, real, personal, or
mixed, owned by or leased to the Company shall be held in such name. Notwithstanding the
preceding sentence, the Member may change the name of the Company or adopt such trade or fictitious
names as it may determine.
SECTION 2.02. Formation and Term. The Company was first incorporated as a Delaware corporation under Delaware General
Corporation Law on June 9, 1947. By filing the Certificate of Conversion and the Certificate of
Formation, the Company has been converted and
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continued as a Delaware limited liability company
under the Act. The term of the Company shall continue until terminated as provided in Article
VIII hereof.
SECTION 2.03. Principal Place of Business. The principal place of business of the Company shall be located at 1001 Louisiana, Houston,
Texas 77002. The Member may establish other offices at other locations.
SECTION 2.04. Agent for Service of Process. The Corporation Trust Company shall be the registered agent of the Company upon whom
process against it may be served. The address of such agent within the State of Delaware is:
Corporation Trust Center, 1209 Orange Street, City of Wilmington, County of New Castle, Delaware
19801.
SECTION 2.05. Purposes of the Company. The Company has been organized to engage in any lawful act or activity for which a Delaware
limited liability company may be formed.
ARTICLE III
CAPITAL CONTRIBUTIONS
CAPITAL CONTRIBUTIONS
SECTION 3.01. Capital Contribution. The Member made contributions in the amounts shown in the records of the Company.
SECTION 3.02. Additional Capital Contributions. If at any time the Member shall determine that additional funds or property are necessary
or desirable to meet the obligations or needs of the Company, the Member may make additional
Capital Contributions.
SECTION 3.03. Limitation on Liability. The liability of the Member shall be limited to its Interest in the Company, and the Member
shall not have any personal liability to contribute money to, or in respect of, the liabilities or
the obligations of the Company, except as set forth in the Act.
SECTION 3.04. Withdrawal of Capital; Interest. The Member may not withdraw capital or receive any distributions, except as specifically
provided herein. No interest shall be paid by the Company on any Capital Contributions.
ARTICLE IV
DISTRIBUTIONS
DISTRIBUTIONS
SECTION 4.01. Distributions. Except as otherwise provided in the Act, all Distributable Cash of the Company shall be
distributed to the Member, or distributions in kind may be made to the Member at such times as the
Member shall determine.
ARTICLE V
BOOKS AND RECORDS
BOOKS AND RECORDS
SECTION 5.01. Books and Records. The Member shall keep or cause to be kept complete and accurate books of account and
records that shall reflect all transactions and other matters and include all documents and other
materials with respect to the Companys business
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that are usually entered into and maintained by
Persons engaged in similar businesses. All Company financial statements shall be accurate in all
material respects, shall fairly present the financial position of the Company and the results of
its operations and Distributable Cash and transactions in its reserve accounts, and shall be
prepared in accordance with generally accepted accounting principles, subject, in the case of
quarterly statements, to year-end adjustments. The books of the Company shall at all times be
maintained at the principal office of the Company or at such other location as the Member decides.
ARTICLE VI
MANAGEMENT OF THE COMPANY
MANAGEMENT OF THE COMPANY
SECTION 6.01. Management. The management of the Company shall be under the direction of the Member, who may, from
time to time, designate one or more persons to be officers of the Company, with such titles as the
Member may determine, including those positions set forth in Section 6.02.
SECTION 6.02. Officers. Such of the following officers shall be elected as the Member deems necessary or
appropriate: a President, one or more Executive Vice Presidents, one or more Senior Vice
Presidents, one or more Vice Presidents, a Secretary, a Treasurer, a Controller, one or more
Assistant Vice Presidents, Assistant Secretaries, Assistant Treasurers and Assistant Controllers,
and such other officers with such titles and powers and/or duties as the Member shall from time to
time determine. Officers may be designated for particular areas of responsibility and
simultaneously serve as officers of subsidiaries or divisions. Any officer so elected may resign at
any time upon written notice to the Member. Such resignation shall take effect at the time
specified therein, and unless otherwise specified therein, no acceptance of such resignation shall
be necessary to make it effective. Any officer may be removed, with or without cause, by the
Member. Any such removal shall be without prejudice to the contractual rights of such officer, if
any, with the Company, but the election or appointment of any officer shall not of itself create
contractual rights. Any number of offices may be held by the same person. Any vacancy occurring
in any office by death, resignation, removal or otherwise may be filled for the unexpired portion
of the term by the Member.
(a) President. The President shall have general control of the business, affairs,
operations and property of the Company, subject to the supervision of the Member. He may
sign or execute, in the name of the Company, all deeds, mortgages, bonds, contracts or other
undertakings or instruments, except in cases where the signing or execution thereof shall
have been expressly delegated by the Member to some other officer or agent of the Company.
He shall have and may exercise such powers and perform such duties as may be provided by Law
or as are incident to the office of President of a company (as if the Company were a
Delaware corporation) and such other duties as are assigned from time to time by the Member.
(b) Vice Presidents. Each Executive Vice President, Senior Vice President, Vice
President and Assistant Vice President shall have such powers and perform such duties as may
be provided by Law or as may from time to time be assigned to him, either generally or in
specific instances, by the Member or the President. Any Executive Vice President or Senior
Vice President may perform any of the
duties or exercise any of the
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powers of the President
at the request of, or in the absence or disability of, the President or otherwise as
occasion may require in the administration of the business and affairs of the Company.
Each Executive Vice President, Senior Vice President, Vice President and Assistant Vice
President shall have authority to sign or execute all deeds, mortgages, bonds, contracts or
other instruments on behalf of the Company, except in cases where the signing or execution
thereof shall have been expressly delegated by the Member to some other officer or agent of
the Company.
(c) Secretary. The Secretary shall keep the records of the Company, in books provided
for the purpose; he shall be custodian of the seal or seals of the Company; he shall see
that the seal is affixed to all documents requiring same, the execution of which, on behalf
of the Company, under its seal, is duly authorized, and when said seal is so affixed he may
attest same; and, in general, he shall perform all duties incident to the office of the
secretary of a company (as if the Company were a Delaware corporation), and such other
duties as from time to time may be assigned to him by the Member or the President or as may
be provided by Law. Any Assistant Secretary may perform any of the duties or exercise any
of the powers of the Secretary at the request of, or in the absence or disability of, the
Secretary or otherwise as occasion may require in the administration of the business and
affairs of the Company.
(d) Treasurer. The Treasurer shall have charge of and be responsible for all funds,
securities, receipts and disbursements of the Company, and shall deposit, or cause to be
deposited, in the name of the Company, all moneys or other valuable effects in such banks,
trust companies or other depositories as shall, from time to time, be selected by or under
authority of the Member; if required, he shall give a bond for the faithful discharge of his
duties, with such surety or sureties as the Member may determine; he shall keep or cause to
be kept full and accurate records of all receipts and disbursements in books of the Company
and shall render to the Member or the President, whenever requested, an account of the
financial condition of the Company (as if the Company were a Delaware corporation); and, in
general, he shall perform all the duties incident to the office of treasurer of a company,
and such other duties as may be assigned to him by the Member or the President or as may be
provided by Law.
(e) Controller. The Controller shall be the chief accounting officer of the Company.
He shall keep full and accurate accounts of the assets, liabilities, commitments, receipts,
disbursements and other financial transactions of the Company; shall cause regular audits of
the books and records of account of the Company and supervise the preparation of the
Companys financial statements; and, in general, he shall perform the duties incident to the
office of controller of a company (as if the Company were a Delaware corporation) and such
other duties as may be assigned to him by the Member or the President or as may be provided
by Law. If no Controller is elected by the Member, the Treasurer shall perform the duties
of the office of controller.
(f) Tax Officer. The Tax Officer shall have the authority to sign or execute on behalf
of this Company any federal, foreign, Indian, state or local tax return or report,
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claim for
refund of taxes, extension of a statute of limitation, administrative tax appeals filings
and any other document relating to this Companys tax responsibilities.
ARTICLE VII
TRANSFERS OF COMPANY INTERESTS
TRANSFERS OF COMPANY INTERESTS
SECTION 7.01. Transfers. The Member may, directly or indirectly, sell, assign, transfer, pledge, hypothecate or
otherwise dispose of all or any part of its Interest. Any Person acquiring the Members Interest
shall be admitted to the Company as a substituted Member with no further action being required on
the part of the Member.
ARTICLE VIII
DISSOLUTION AND TERMINATION
DISSOLUTION AND TERMINATION
SECTION 8.01. Dissolution. The Company shall be dissolved and its business wound up upon the decision made at any time
by the Member to dissolve the Company, or upon the occurrence of any event of dissolution under the
Act.
SECTION 8.02. Liquidation. Upon dissolution, the Companys business shall be liquidated in an orderly manner. The
Member shall wind up the affairs of the Company pursuant to this Agreement and in accordance with
the Act, including, without limitation, Section 18-804 thereof.
SECTION 8.03. Distribution of Property. If in the discretion of the Member it becomes necessary to make a distribution of Company
property in kind in connection with the liquidation of the Company, such property shall be
transferred and conveyed to the Member subject to Section 18-804 of the Act.
ARTICLE IX
INDEMNIFICATION
INDEMNIFICATION
SECTION 9.01. General. Except to the extent expressly prohibited by the Act, the Company shall indemnify each
Person made or threatened to be made a party to any action or proceeding, whether civil or
criminal, by reason of the fact that such Person or such Persons testator or intestate is or was a
Member or officer of the Company, against Claims incurred in connection with such action or
proceeding, or any appeal therefrom; provided that no such indemnification shall be made if a
judgment or other final adjudication adverse to such Person establishes that his conduct did not
meet the then applicable minimum statutory standards of conduct; and provided, further, that no
such indemnification shall be required in connection with any settlement or other non-adjudicated
disposition of any threatened or pending action or proceeding unless the Company has given its
prior consent to such settlement or such other disposition, which consent shall not be
unreasonably withheld.
SECTION 9.02. Reimbursement. The Company shall advance or promptly reimburse, upon request, any Person entitled to
indemnification hereunder for all expenses, including attorneys fees, reasonably incurred in
defending any action or proceeding in advance of the final disposition thereof upon receipt of an
undertaking by or on behalf of such Person (in form and
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substance satisfactory to the Company) to
repay such amount if such Person is ultimately found not to be entitled to indemnification or,
where indemnification is granted, to the extent the expenses so advanced or reimbursed exceed the
amount to which such Person is entitled; provided that such Person shall cooperate in good faith
with any request by the Company that common counsel be utilized by the parties to an action or
proceeding who are similarly situated unless to do so would be inappropriate due to actual or
potential conflicts of interest between or among such parties; and provided, further, that the
Company shall only advance attorneys fees in respect of legal counsel approved by the Company,
such approval not to be unreasonably withheld.
SECTION 9.03. Availability. The right to indemnification and advancement of expenses under this provision is intended
to be retroactive and shall be available with respect to any action or proceeding which relates to
events prior to the effective date of this provision.
SECTION 9.04. Indemnification Agreement. The Company is authorized to enter into agreements with any of its members or officers
extending rights to indemnification and advancement of expenses to such Person to the fullest
extent permitted by applicable Law, but the failure to enter into any such agreement shall not
affect or limit the rights of such Person pursuant to this provision.
SECTION 9.05. Enforceability. In case any provision in this Article IX shall be determined at any time to be
unenforceable in any respect, the other provisions shall not in any way be affected or impaired
thereby, and the affected provisions shall be given the fullest possible enforcement in the
circumstances, it being the intention of the Company to provide indemnification and advancement of
expenses to its members and officers, acting in such capacities, to the fullest extent permitted by
Law.
SECTION 9.06. No Amendments. No amendment or repeal of this provision shall apply to or have any effect on the
indemnification of, or advancement of expenses to, the Member or any officer of the Company for, or
with respect to, acts or omissions of such Member or officer occurring prior to such amendment or
repeal.
SECTION 9.07. Not Exclusive. The foregoing shall not be exclusive of any other rights to which the Member or any officer
may be entitled as a matter of Law and shall not affect any rights to indemnification to which
Company personnel other than the Member or officers may be entitled by contract or otherwise.
ARTICLE X
MISCELLANEOUS
MISCELLANEOUS
SECTION 10.01. Amendments and Consents. This Agreement may be modified or amended only by the Member.
SECTION 10.02. Benefits of Agreement. None of the provisions of this Agreement shall be for the benefit of or enforceable by any
creditor of the Company or the Member.
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SECTION 10.03. Integration. This Agreement constitutes the entire agreement pertaining to the subject matter hereof and
supersedes all prior and contemporaneous agreements in connection therewith. No covenant,
representation or condition not expressed in this Agreement shall affect, or be effective to
interpret, change or restrict, the express provisions of this Agreement.
SECTION 10.04. Headings. The titles of Articles and Sections of this Agreement are for convenience only and shall
not be interpreted to limit or amplify the provisions of this Agreement.
SECTION 10.05. Severability. Each provision of this Agreement shall be considered separable and if for any reason any
provision or provisions hereof are determined to be invalid and contrary to any existing or future
Law, such invalidity shall not impair the operation of or affect those portions of this Agreement,
which are valid.
SECTION 10.06. Applicable Law. This Agreement shall be construed in accordance with, and governed by, the Laws of the
State of Delaware, without regard to its conflict of law principles.
SECTION 10.07. Security. Interest shall constitute securities within the meaning of, and governed by, (i) Article
8 of the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to
time in the State of Delaware and in the State of New York and (ii) Article 8 of the Uniform
Commercial Code of any other applicable jurisdiction that now or hereafter substantially includes
the 1994 revisions to Article 8 thereof as adopted by the American Law Institute and the National
Conference of Commissioners on Uniform State Laws and approved by the American Bar Association on
February 14, 1995.
[Remainder of page intentionally left blank; signature page follows.]
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IN WITNESS WHEREOF, this Agreement has been duly executed by El Paso TGPC Investments, L.L.C.,
effective as of the 1st day of October, 2011.
EL PASO TGPC INVESTMENTS, L.L.C. | ||||||
By: | /s/ Marguerite Woung-Chapman
|
|||||
President and Chief Executive Officer |
Exhibit A
Interests
Interests
Member | Percentage Interest | |||
El Paso TGPC Investments, L.L.C. |
100 | % | ||
1001 Louisiana Street Houston, Texas 77002 |