Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of report (Date of earliest event reported) June 3, 2011

 

 

STAR GAS PARTNERS, L.P.

STAR GAS FINANCE COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

Delaware

Delaware

 

001-14129

333-103873-01

 

06-1437793

75-3094991

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

2187 Atlantic Street, Stamford, CT   06902
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (203) 328-7310

Not Applicable

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 1.01 Entry into a Material Definitive Agreement

On June 3, 2011, Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “borrower”), which is a subsidiary of Star Gas Partners, L.P., a Delaware limited partnership (the “Partnership,” “Star,” “we,” “us” or “our”), entered into an amended and restated asset based revolving credit facility agreement (the “amended facility”), under which Petro is the borrower and we are an additional loan party, with a syndicate of banks in which JPMorgan Chase Bank, N.A. is serving as Administrative Agent and Collateral Agent (the “Agent”).

The amended facility provides us with the ability to borrow up to $250 million ($300 million during the heating season of December through April of each year) for working capital purposes (subject to certain borrowing base limitations and coverage ratios), including the issuance of up to $100 million in letters of credit. We can increase the facility size by $100 million without the consent of the bank group. However, the bank group is not obligated to fund the $100 million increase. If the bank group elects not to fund the increase, we can add additional lenders to the group, with the consent of the Agent, which shall not be unreasonable withheld. Obligations under the revolving credit facility are guaranteed by us and our subsidiaries and are secured by liens on substantially all of our assets including accounts receivable, inventory, general intangibles, real property, fixtures and equipment. As of the closing date, no borrowings were outstanding and $46.7 million in letters of credit were outstanding under the amended facility.

Interest accrues on the outstanding principal amount of the revolving credit loans at an annual rate equal to the Adjusted LIBO Rate (as defined in the amended facility) or the Alternate Base Rate (as defined in the amended facility), plus an applicable margin. Interest on each swingline loan is calculated using the Alternate Base Rate.

The amended credit facility imposes certain restrictions on us, including restrictions on our ability to incur additional indebtedness, to pay distributions to our unitholders, to pay inter-company dividends or distributions, make investments, grant liens, sell assets, make acquisitions and engage in certain other activities.

The borrower is obligated to meet certain financial covenants under the amended facility, including the requirement to maintain at all times either excess availability (borrowing base less amounts borrowed and letters of credit issued) of 12.5% of the revolving commitment then in effect or a fixed charge coverage ratio (as defined in the credit agreement) of not less than 1.1 to 1.0. In addition, we must maintain excess availability of at least 17.5% of the revolving commitment then in effect and a fixed charge coverage ratio of 1.15x in order to make any distributions to unitholders. No inter-company dividends or distributions can be made (including those needed to pay interest or principle on the 8.875% senior notes), except to Borrower or a wholly owned subsidiary of Borrower, if the relevant covenant described above has not been met.

All outstanding amounts owed under the amended facility become due and payable no later than the maturity date of June 3, 2016 and are subject to acceleration upon the occurrence of events of default which we considers usual and customary for an agreement of this type, including failure to make payments under the amended facility, non-performance of covenants and obligations or insolvency or bankruptcy (as described in the amended facility).

The foregoing description of the amended facility does not purport to be complete and is qualified in its entirety by reference to the amended and restated revolving credit facility agreement and the amended and restated pledge and security agreement, which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K.

 

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.


Item 9.01(c) Exhibits

 

10.1    Amended and Restated Revolving Credit Facility Agreement
10.2    Amended and Restated Pledge and Security Agreement
99.1    Press Release

 

3


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

STAR GAS PARTNERS, L.P.
By:   Kestrel Heat, LLC (General Partner)
By:  

/s/ Richard F. Ambury

Name:   Richard F. Ambury
Title:   Chief Financial Officer

Date: June 7, 2011

 

STAR GAS FINANCE COMPANY
By:  

/s/ Richard F. Ambury

Name:   Richard F. Ambury
Title:   Chief Financial Officer

Date: June 7, 2011

 

4


Exhibit Index

 

10.1    Amended and Restated Revolving Credit Facility Agreement.
10.2    Amended and Restated Pledge and Security Agreement.
99.1    Press Release

 

5

Amended and Restated Revolving Credit Facility Agreement

Exhibit 10.1

LOGO

$300,000,000

AMENDED AND RESTATED CREDIT AGREEMENT

dated as of June 3, 2011

among

PETROLEUM HEAT AND POWER CO., INC.,

as Borrower

THE OTHER LOAN PARTIES PARTY HERETO,

The Lenders from Time to Time Party Hereto,

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and an LC Issuer

BANK OF AMERICA, N.A.,

as Syndication Agent and an LC Issuer

and

RBS CITIZENS, N.A.,

as Documentation Agent

and

KEY BANK NATIONAL ASSOCIATION, PNC BANK, N.A., REGIONS BANK, TD

BANK, N.A. and WELLS FARGO CAPITAL FINANCE, LLC,

as Senior Managing Agents

and

J.P. MORGAN SECURITIES LLC,

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

and

RBS CITIZENS, N.A.,

as Joint Lead Arrangers and Joint Book Runners


TABLE OF CONTENTS

 

                 Page

ARTICLE I DEFINITIONS

  1
 

1.1.

 

Defined Terms

  1
 

1.2.

 

Accounting Terms; GAAP

  36

ARTICLE II THE FACILITY

  36
 

2.1.

 

The Facility

  36
   

2.1.1.

   Revolving Loans   37
   

2.1.2.

   Facility LCs   38
   

2.1.3.

   Non-Ratable Loans   42
   

2.1.4.

   Protective Advances, Swingline Loans and Overadvances   43
 

2.2.

 

Ratable Loans; Risk Participation

  45
 

2.3.

 

Payment of the Obligations

  45
 

2.4.

 

Minimum Amount of Each Advance

  45
 

2.5.

 

Funding Account

  46
 

2.6.

 

Reliance Upon Authority; No Liability

  46
 

2.7.

 

Conversion and Continuation of Outstanding Advances

  46
 

2.8.

 

Telephonic Notices

  47
 

2.9.

 

Notification of Advances, Interest Rates and Repayments

  47
 

2.10.

 

Fees

  47
 

2.11.

 

Interest Rates

  48
 

2.12.

 

Eurodollar Advances Post Default; Default Rates

  48
 

2.13.

 

Interest Payment Dates; Interest and Fee Basis

  48
 

2.14.

 

Voluntary Prepayments

  49
 

2.15.

 

Mandatory Prepayments

  49
 

2.16.

 

Termination of the Commitments; Increase in Aggregate Commitment

  51
 

2.17.

 

Method of Payment

  52
 

2.18.

 

Apportionment, Application, and Reversal of Payments

  53
 

2.19.

 

Settlement

  53
 

2.20.

 

Indemnity for Returned Payments

  54
 

2.21.

 

Noteless Agreement; Evidence of Indebtedness

  54
 

2.22.

 

Lending Installations

  55
 

2.23.

 

Non-Receipt of Funds by the Agent; Defaulting Lenders

  55
 

2.24.

 

Limitation of Interest

  58
 

2.25.

 

Applicable Mortgage Minimum Amount

  58

ARTICLE III YIELD PROTECTION; TAXES

  59
 

3.1.

 

Yield Protection

  59
 

3.2.

 

Changes in Capital Adequacy Regulations

  60
 

3.3.

 

Availability of Types of Advances

  61
 

3.4.

 

Funding Indemnification

  61
 

3.5.

 

Taxes

  62
 

3.6.

 

Lender Statements; Survival of Indemnity

  64
 

3.7.

 

Replacement of Lender

  64

ARTICLE IV CONDITIONS PRECEDENT

  65
 

4.1.

 

Effectiveness

  65

 

ii


  4.2.   Each Credit Extension   67

ARTICLE V REPRESENTATIONS AND WARRANTIES

  68
 

5.1.

 

Existence and Standing

  68
 

5.2.

 

Authorization and Validity

  68
 

5.3.

 

No Conflict; Government Consent

  68
 

5.4.

 

Security Interest in Collateral

  69
 

5.5.

 

Financial Statements

  69
 

5.6.

 

Material Adverse Change

  69
 

5.7.

 

Taxes

  70
 

5.8.

 

Litigation and Contingent Obligations

  70
 

5.9.

 

Capitalization and Subsidiaries

  70
 

5.10.

 

ERISA

  70
 

5.11.

 

Accuracy of Information

  71
 

5.12.

 

Names; Prior Transactions

  71
 

5.13.

 

Regulation U

  71
 

5.14.

 

Material Agreements

  71
 

5.15.

 

Compliance With Laws

  71
 

5.16.

 

Ownership of Properties

  71
 

5.17.

 

Plan Assets; Prohibited Transactions

  72
 

5.18.

 

Environmental Matters

  72
 

5.19.

 

Investment and Holding Company Status

  73
 

5.20.

 

Bank Accounts

  73
 

5.21.

 

Indebtedness

  74
 

5.22.

 

Affiliate Transactions

  74
 

5.23.

 

Real Property; Leases

  74
 

5.24.

 

Intellectual Property Rights

  74
 

5.25.

  Insurance   74
 

5.26.

 

Solvency

  75
 

5.27.

 

Subordinated Indebtedness

  75
 

5.28.

 

Post-Retirement Benefits

  75
 

5.29.

 

Common Enterprise

  75
 

5.30.

 

Reportable Transaction

  76
 

5.31.

 

Labor Disputes

  76
 

5.32.

 

Fixed Price Supply Contracts

  76
 

5.33.

 

Trading and Inventory Policies

  76
 

5.34.

 

Use of Proceeds

  76

ARTICLE VI COVENANTS

  77
 

6.1.

 

Financial and Collateral Reporting

  77
 

6.2.

 

Use of Proceeds

  81
 

6.3.

 

Notices

  81
 

6.4.

 

Conduct of Business

  82
 

6.5.

 

Taxes

  83
 

6.6.

 

Payment of Indebtedness and Other Liabilities

  83
 

6.7.

 

Insurance; Weather Hedging

  84
 

6.8.

 

Compliance with Laws

  86
 

6.9.

 

Maintenance of Properties and Intellectual Property Rights

  86
 

6.10.

 

Inspection

  86
 

6.11.

 

Appraisals

  87
 

6.12.

 

Communications with Accountants

  87

 

iii


  6.13.   Post-Closing Obligations with respect to Real Property; Mortgage Amendments, Collateral Access Agreements, etc.   87
 

6.14.

 

Deposit Account Control Agreements

  89
 

6.15.

 

Additional Collateral; Further Assurances

  89
 

6.16.

 

Dividends

  89
 

6.17.

 

Indebtedness

  90
 

6.18.

 

Merger

  92
 

6.19.

 

Sale of Assets

  92
 

6.20.

 

Investments and Acquisitions

  93
 

6.21.

 

Liens

  94
 

6.22.

 

Change of Name or Location; Change of Fiscal Year

  96
 

6.23.

 

Affiliate Transactions

  96
 

6.24.

 

Amendments to Agreements

  96
 

6.25.

 

Prepayment of Indebtedness; Subordinated Indebtedness

  97
 

6.26.

 

Financial Contracts

  97
 

6.27.

 

Capital Expenditures

  97
 

6.28.

 

Financial Covenant

  98
 

6.29.

 

Depository Banks

  98
 

6.30.

 

Real Property Purchases

  98
 

6.31.

 

Sale of Accounts

  98
 

6.32.

 

Parent

  98
 

6.33.

 

Fixed Price Supply Contracts; Certain Policies

  98

ARTICLE VII DEFAULTS

  99

ARTICLE VIII REMEDIES; WAIVERS AND AMENDMENTS

  102
 

8.1.

 

Remedies

  102
 

8.2.

 

Waivers by Loan Parties

  103
 

8.3.

 

Amendments

  103
 

8.4.

 

Preservation of Rights

  105

ARTICLE IX GENERAL PROVISIONS

  106
 

9.1.

 

Survival of Representations

  106
 

9.2.

 

Governmental Regulation

  106
 

9.3.

 

Headings

  106
 

9.4.

 

Entire Agreement

  106
 

9.5.

 

Several Obligations; Benefits of this Agreement

  106
 

9.6.

 

Expenses; Indemnification

  106
 

9.7.

 

Numbers of Documents

  108
 

9.8.

 

Accounting

  108
 

9.9.

 

Severability of Provisions

  108
 

9.10.

 

Nonliability of Lenders

  109
 

9.11.

 

Confidentiality

  109
 

9.12.

 

Nonreliance

  109
 

9.13.

 

Disclosure

  110
 

9.14.

 

USA PATRIOT ACT

  110

ARTICLE X THE AGENT

  110
 

10.1.

 

Appointment; Nature of Relationship

  110
 

10.2.

 

Powers

  110
 

10.3.

 

General Immunity

  111

 

iv


  10.4.   No Responsibility for Credit Extensions, Recitals, etc.   111
 

10.5.

 

Action on Instructions of the Lenders

  111
 

10.6.

 

Employment of Agents and Counsel

  111
 

10.7.

 

Reliance on Documents; Counsel

  112
 

10.8.

 

Agent’s Reimbursement and Indemnification

  112
 

10.9.

 

Notice of Default

  112
 

10.10.

 

Rights as a Lender

  113
 

10.11.

 

Lender Credit Decision

  113
 

10.12.

 

Successor Agent

  113
 

10.13.

 

Delegation to Affiliates

  114
 

10.14.

 

Execution of Loan Documents

  114
 

10.15.

 

Collateral Matters.

  114
 

10.16.

 

Co-Agents, Documentation Agent, Syndication Agent, etc.

  116

ARTICLE XI SETOFF; RATABLE PAYMENTS

  117
 

11.1.

 

Setoff

  117
 

11.2.

 

Ratable Payments

  117

ARTICLE XII BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

  117
 

12.1.

 

Successors and Assigns

  117
 

12.2.

 

Participations

  118
 

12.3.

 

Assignments

  119
 

12.4.

 

Dissemination of Information

  120
 

12.5.

 

Tax Treatment

  120
 

12.6.

 

Assignment by LC Issuer

  121

ARTICLE XIII NOTICES

  121
 

13.1.

 

Notices; Effectiveness; Electronic Communications

  121
 

13.2.

 

Change of Address, Etc.

  122

ARTICLE XIV COUNTERPARTS

  122

ARTICLE XV GUARANTY

  123
 

15.1.

 

Guaranty

  123
 

15.2.

 

Guaranty of Payment

  123
 

15.3.

 

No Discharge or Diminishment of Guaranty

  123
 

15.4.

 

Defenses Waived

  124
 

15.5.

 

Rights of Subrogation

  125
 

15.6.

 

Reinstatement; Stay of Acceleration

  125
 

15.7.

 

Information

  125
 

15.8.

 

Taxes

  125
 

15.9.

 

Severability

  126
 

15.10.

 

Contribution

  126
 

15.11.

 

Lending Installations

  127
 

15.12.

 

Liability Cumulative

  127

ARTICLE XVI CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL

  127
 

16.1.

 

CHOICE OF LAW

  127
 

16.2.

 

CONSENT TO JURISDICTION

  127
 

16.3.

 

WAIVER OF JURY TRIAL

  128

 

v


ARTICLE XVII THE BORROWER REPRESENTATIVE

  128
 

17.1.

  Appointment; Nature of Relationship   128
 

17.2.

  Powers   128
 

17.3.

  Employment of Agents   128
 

17.4.

  Notices   129
 

17.5.

  Successor Borrower Representative   129
 

17.6.

  Execution of Loan Documents; Borrowing Base Certificate   129
 

17.7.

  Reporting   129

ARTICLE XVIII

  129

Effect of Amendment and Restatement of Existing Credit Agreement

  129

 

EXHIBITS:   
EXHIBIT A    FORM OF BORROWING NOTICE
EXHIBIT B    FORM OF CONVERSION/CONTINUATION NOTICE
EXHIBIT C    NOTE
EXHIBIT D    FORM OF OPINION
EXHIBIT E    COMPLIANCE CERTIFICATE
EXHIBIT F    JOINDER AGREEMENT
EXHIBIT G    ASSIGNMENT AND ASSUMPTION AGREEMENT
EXHIBIT H    BORROWING BASE CERTIFICATE
SCHEDULES:   
SCHEDULE I    COMMITMENTS
SCHEDULE 1.1A    EXISTING LETTERS OF CREDIT
SCHEDULE 1.1B    ELIGIBLE CARRIERS
SCHEDULE 5.8    LITIGATION AND CONTINGENT OBLIGATIONS
SCHEDULE 5.9    CAPITALIZATION AND SUBSIDIARIES
SCHEDULE 5.12    NAMES; PRIOR TRANSACTIONS
SCHEDULE 5.14    MATERIAL AGREEMENTS
SCHEDULE 5.16    OWNERSHIP OF PROPERTIES
SCHEDULE 5.18    ENVIRONMENTAL MATTERS
SCHEDULE 5.21    INDEBTEDNESS
SCHEDULE 5.22    AFFILIATE TRANSACTIONS
SCHEDULE 5.23    REAL PROPERTY; LEASES
SCHEDULE 5.24    INTELLECTUAL PROPERTY RIGHTS
SCHEDULE 5.25    INSURANCE
SCHEDULE 5.31    LABOR MATTERS
SCHEDULE 5.32    FIXED PRICE SUPPLY CONTRACTS
SCHEDULE 6.20    OTHER INVESTMENTS
SCHEDULE 6.21    LIENS

 

vi


AMENDED AND RESTATED CREDIT AGREEMENT

This Amended and Restated Credit Agreement, dated as of June 3, 2011, is among Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “Borrower”), the other Loan Parties, the Lenders from time to time party hereto, JPMorgan Chase Bank, N.A., a national banking association, as an LC Issuer and as the Agent, Bank of America, N.A., as syndication agent and as an LC Issuer (the “Syndication Agent”), RBS Citizens, N.A., as documentation agent (the “Documentation Agent”) and Key Bank National Association, PNC Bank, N.A., Regions Bank, TD Bank, N.A. and Wells Fargo Capital Finance, as senior managing agents (each, a “Senior Managing Agent”).

RECITALS

WHEREAS, pursuant to that certain Amended and Restated Credit Agreement, dated as of July 2, 2009 (as amended prior to the date hereof, the “Existing Credit Agreement”), among Petro, the lenders party thereto (the “Existing Lenders”), the other Loan Parties, JPMorgan Chase Bank, N.A., a national banking association, as an issuer of certain letters of credit and as the administrative agent, Bank of America, N.A., as syndication agent and an issuer of certain letters of credit, RBS Citizens, N.A., as documentation agent, and Société Générale and PNC Bank, National Association, as senior managing agents, the Existing Lenders made available to the Borrower loans and other extensions of credit in an aggregate amount not to exceed $290,000,000;

WHEREAS, the Borrower has requested that the Existing Credit Agreement be amended and restated in order to provide for extensions of credit in an aggregate amount not to exceed $300,000,000 (subject to the Borrower’s right pursuant to Section 2.16 hereof to request an increase in the Aggregate Commitment by up to $100,000,000 (not to exceed a total of up to $400,000,000)), which extensions of credit will be used by the Borrower for the purposes set forth in Section 6.2;

WHEREAS, the Obligations of the Borrower under the Loan Documents to the Agent and the Lenders will continue to be guaranteed by the Guarantors as set forth in the Guaranty; and

WHEREAS, the Borrower and the other Loan Parties will continue to secure all of their Obligations under the Loan Documents pursuant to the security interests in and liens upon the Collateral as set forth in the Collateral Documents;

NOW THEREFORE, in consideration of these premises and the terms and conditions set forth in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto hereby agree that the Existing Credit Agreement is hereby amended and restated as of the Effective Date to read in its entirety as follows:

ARTICLE I

DEFINITIONS

1.1. Defined Terms. As used in this Agreement, the following terms have the meanings specified below:

2010 Parent Indenture” means the Indenture, among the Parent, Star Gas Finance Company and Union Bank, N.A., as trustee, dated as of November 16, 2010, as amended, supplemented or otherwise modified from time to time.

 

1


2010 Parent Notes” means the 8.875% Senior Notes due 2017 issued pursuant to the 2010 Parent Indenture.

Account” shall have the meaning given to such term in the Security Agreement.

Account Debtor” means any Person obligated on an Account.

Acquisition” means any transaction, or any series of related transactions, consummated after the Effective Date, by which any Loan Party (a) acquires any going business or all or substantially all of the assets of any Person, whether through purchase of assets, merger or otherwise or (b) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the Capital Stock of a Person which has ordinary voting power for the election of directors or other similar management personnel of a Person (other than Capital Stock having such power only by reason of the happening of a contingency) or a majority of the outstanding Capital Stock of a Person.

Advance” means a borrowing hereunder, (a) made by some or all of the Lenders on the same Borrowing Date, or (b) converted or continued by the Lenders on the same date of conversion or continuation, and consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in the case of Eurodollar Loans, for the same Interest Period. The term Advance shall include Non-Ratable Loans, Swingline Loans, Overadvances and Protective Advances unless otherwise expressly provided.

Affected Lender” is defined in Section 3.7.

Affiliate” of any Person means any other Person directly or indirectly controlling, controlled by or under common control with such Person. A Person shall be deemed to control another Person if the controlling Person owns 10% or more of any class of the voting Capital Stock of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of Capital Stock, by contract or otherwise.

Agent” means Chase in its capacity as contractual representative of the Lenders pursuant to Article X, and not in its individual capacity as a Lender, and any successor Agent appointed pursuant to Article X.

Aggregate Commitment” means the aggregate of the Commitments of all of the Lenders, as reduced from time to time pursuant to the terms hereof, which Aggregate Commitment shall be in the amount of $300,000,000; provided that, for all purposes of this Agreement (other than the definition of Available Commitment), the Aggregate Commitment shall be deemed to be the Non-Seasonal Availability Amount for each day other than any day during a Seasonal Availability Period.

 

2


Aggregate Credit Exposure” means, at any time, the aggregate of the Credit Exposure of all the Lenders.

Agreement” means this Amended and Restated Credit Agreement, as it may be amended or modified and in effect from time to time.

Alternate Base Rate” or “ABR” means, for any day, a rate of interest per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 0.50% and (c) the Eurodollar Rate (excluding the Applicable Margin) for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that, for the avoidance of doubt, the Eurodollar Rate for any day shall be based on the rate appearing on the Reuters Screen LIBOR01 Page (or on any successor or substitute page) at approximately 11:00 a.m. London time on such day (without any rounding). Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate, respectively.

Applicable Fee Rate” means 0.375% per annum; provided that the Applicable Fee Rate on the amount by which the Aggregate Commitment exceeds the Non-Seasonal Availability Amount shall be, solely with respect to each day other than any day during a Seasonal Availability Period, 0.20% per annum.

Applicable Margin” means, (i) with respect to Floating Rate Advances, 1.00% per annum and (ii) with respect to Eurodollar Advances, 2.00% per annum; provided that as of the end of the Fiscal Quarter ending two full Fiscal Quarters after the Effective Date and thereafter, the Applicable Margin will be determined as of the end of each Fiscal Quarter of the Borrower based upon the Applicable Margin Availability for such Fiscal Quarter as set forth in the pricing grid below:

 

Applicable Margin Availability

  

Eurodollar Advances

  

Floating Rate Advances

³ $150,000,000

   1.75%    0.75%

> $75,000,000 but < 150,000,000

   2.00%    1.00%

£ $75,000,000

   2.25%    1.25%

Changes in the Applicable Margin resulting from changes in Applicable Margin Availability shall become effective on the first day of the next succeeding quarter and shall remain in effect until the next change to be effected pursuant to this paragraph. In the event that the Borrower shall fail to deliver the Borrowing Base Certificate with respect to any fiscal quarter, the Applicable Margin shall, from the date such Borrowing Base Certificate was required to be delivered until the date on which it is delivered, be determined by reference to the lowest Applicable Margin Availability in the foregoing grid.

 

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Applicable Margin Availability” means, at any date, (a) the sum of the Availability (which shall be deemed to include Suppressed Availability for the purpose of calculating Availability pursuant to this definition) on the last day of each of the twelve preceding Fiscal Months (or if fewer than twelve Fiscal Months have elapsed since the Effective Date, the number of Fiscal Months that have actually elapsed since the Effective Date) ending on such date divided by (b) twelve (or such lesser number of Fiscal Months that have actually elapsed since the Effective Date).

Applicable Mortgages” means any Mortgage with respect to which mortgage recording taxes, documentary stamp taxes, intangible taxes and other similar taxes are payable in connection with each Credit Extension (assuming that no Credit Extensions were then outstanding).

Applicable Mortgage Minimum Amount” means, at any time, the sum of the limits on the maximum amount of the Obligations secured under all Applicable Mortgages at such time.

Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

Arrangers” means (i) J.P. Morgan Securities LLC and its successors, (ii) Merrill Lynch, Pierce, Fenner & Smith Incorporated and its successors and (iii) RBS Citizens, N.A., each in their capacity as Joint Lead Arrangers and Joint Book Runners.

Article” means an article of this Agreement unless another document is specifically referenced.

Assignment Agreement” is defined in Section 12.3(a).

Authorized Officer” means any of the chief executive officer, chief financial officer, vice president - controller or treasurer of a Loan Party, acting singly.

Availability” means, at any time, an amount equal to (x) the lesser of (a) the Aggregate Commitment and (b) the Borrowing Base minus (y) the Aggregate Credit Exposure; provided that the Aggregate Credit Exposure shall not exceed, until the 2010 Parent Notes are discharged or defeased in accordance with Section 8.1 of the 2010 Parent Indenture, the amount permitted under and calculated in accordance with the definition of “Borrowing Base” in the 2010 Parent Indenture.

Available Commitment” means, at any time, the Aggregate Commitment then in effect minus the Aggregate Credit Exposure at such time; provided that, for purposes of Section 2.10(a), the aggregate amount of Swingline Loans outstanding shall be deemed to be zero.

Banking Services” means each and any of the following bank services provided to any Loan Party by any Lender or any of its Affiliates: (a) commercial credit cards, (b) stored value

 

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cards and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services).

Bankruptcy Code” means Title 11 of the U.S. Code (11 U.S.C. § 101 et seq.) as amended, reformed, or otherwise modified from time to time, and any rule or regulation issued thereunder.

Board” means the Board of Governors of the Federal Reserve System of the United States of America.

Borrower” has the meaning specified in the preamble hereto.

Borrower Representative” means PHI, in its capacity as contractual representative of the Borrower pursuant to Article XVII.

Borrowing Base” means, at any time, the sum, without duplication, of:

(a) (i) for the months of May through November in each Fiscal Year, 85% of Eligible Accounts Receivable or (ii) for the months of December through April in each Fiscal Year subject to trailing dilution of not more than 3%, 90% of Eligible Accounts Receivable, plus

(b) (i) for the months of May through November in each Fiscal Year, 80% of Eligible Heating Oil and Other Fuel Inventory or (ii) for the months of December through April in each Fiscal Year, 85% of Eligible Heating Oil and Other Fuel Inventory, plus

(c) the lesser of (i) $5,000,000 and (ii) 40% of Eligible Other Inventory, plus

(d) the lesser of

(i) $50,000,000 and

(ii) the sum of

(A) 75% of the Mortgage Value of Eligible Real Property, which amount shall be reduced by estimated environmental liabilities determined by the Agent in its Permitted

Discretion on a property-by-property basis (it being understood that the value calculated in this clause (A) for any individual property shall never be less than zero),

(B) 75% of the Net Orderly Liquidation Value of Eligible Vehicles,

(C) 75% of the Net Orderly Liquidation Value of Eligible Machinery and Equipment, and

(D) 50% of the aggregate of the Customer Lists Value,

plus

 

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(e) 100% of cash and Cash Equivalent Investments held in deposit accounts located at, and subject to control agreements in favor of, the Agent, minus

(f) Reserves;

provided that (I) the amount described in clause (d)(i) above shall be automatically reduced on a dollar-for-dollar basis by the Borrowing Base Reduction Amount, (II) Customer Lists shall be reappraised on an annual basis in accordance with Section 6.11 and (III) except for (x) assets acquired in a Permitted Acquisition consummated pursuant to Sections 2.15(b)(ii) or (d), (y) Inventory and (z) Accounts, any assets acquired in connection with any Permitted Acquisition shall not be included in the determination of the Borrowing Base. The Borrowing Base shall be determined based on the most recent Borrowing Base Certificate delivered by the Borrower.

Borrowing Base Certificate” means a certificate, signed by an Authorized Officer of the Borrower Representative, in the form of Exhibit H or another form which is acceptable to the Agent in its Permitted Discretion. Each Borrowing Base Certificate shall set forth, among other things, a calculation of (a) the Borrowing Base and (b) the “Borrowing Base” as defined in the 2010 Parent Indenture.

Borrowing Base Reduction Amount” means an amount equal to the sum of (a) all Net Cash Proceeds of asset dispositions received by any Loan Party plus (b) all insurance or condemnation proceeds received by any Loan Party; provided that (x) such Net Cash Proceeds or insurance or condemnation proceeds shall be disregarded in determining the Borrowing Base Reduction Amount to the extent they are deposited in a deposit account located at, and subject to control agreements in favor of, the Agent pursuant to Section 2.15(b) or (d), as applicable, (y) such Net Cash Proceeds or insurance or condemnation proceeds shall be disregarded in determining the Borrowing Base Reduction Amount to the extent that within twelve months of the receipt thereof they are reinvested pursuant to Section 2.15(b) or (d), as applicable, in replacement assets of like value (as determined in a manner satisfactory to the Agent in its Permitted Discretion), and (z) in determining the Borrowing Base Reduction Amount, the amount allocated to any asset that is disposed of or that is the subject of any insurance or condemnation proceeds so received shall be equal to the amount originally allocated to such asset for purposes of determining the Borrowing Base (as determined by the Agent in its Permitted Discretion).

Borrowing Date” means a date on which an Advance or a Loan is made hereunder.

Borrowing Notice” is defined in Section 2.1.1(b).

Business Day” means (a) with respect to any borrowing, payment or rate selection of Eurodollar Advances, a day (other than a Saturday or Sunday) on which banks generally are open in Chicago and New York City for the conduct of substantially all of their commercial lending activities, interbank wire transfers can be made on the Fedwire system and dealings in U.S. dollars are carried on in the London interbank market and (b) for all other purposes, a day (other than a Saturday or Sunday) on which banks generally are open in Chicago for the conduct of substantially all of their commercial lending activities and interbank wire transfers can be made on the Fedwire system.

 

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Capital Expenditures” means, for any period, without duplication, any expenditure or commitment to expend money for any purchase or other acquisition of any asset which would be classified as a fixed or capital asset on a consolidated balance sheet of the Parent and its Subsidiaries prepared in accordance with GAAP.

Capital Stock” means any and all corporate stock, units, shares, partnership interests, membership interests, equity interests, rights, securities, or other equivalent evidences of ownership (howsoever designated) issued by any Person.

Capitalized Lease” of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with GAAP.

Capitalized Lease Obligations” of a Person means the aggregate amount of the obligations of such Person under Capitalized Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with GAAP.

Carry Over Amount” is defined in Section 6.27.

Cash Equivalent Investments” means (a) short-term obligations of, or fully guaranteed by, the U.S., (b) commercial paper rated A-1 or better by S&P or P-1 or better by Moody’s, (c) demand deposit accounts maintained in the ordinary course of business with any domestic office of any commercial bank organized under the laws of the U.S. or any State thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000, and (d) certificates of deposit issued by and time deposits with any domestic office of any commercial bank organized under the laws of the U.S. or any State thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000; provided that, in each case, the same provides for payment of both principal and interest (and not principal alone or interest alone) and is not subject to any contingency regarding the payment of principal or interest.

Change” is defined in Section 3.2.

Change in Control” means the occurrence of any of the following events: (i) the partners or shareholders, as the case may be, of the Borrower shall approve any plan or proposal for the liquidation or dissolution of the Borrower; (ii) the General Partner shall cease for any reason to be the sole general partner of the Parent; (iii) the Parent ceases for any reason to beneficially own, directly or indirectly, 100% of all classes of Capital Stock of the Borrower; (iv) the Kestrel Group collectively shall cease for any reason to beneficially own Capital Stock having the voting power to elect all of the directors or other governing board of the General Partner; or (v) a “Change of Control” (or any other defined term having a similar purpose) as defined in the 2010 Parent Indenture shall occur.

Chase” means JPMorgan Chase Bank, N.A., a national banking association, in its individual capacity, and its successors.

Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time, and any rule or regulation issued thereunder.

 

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Collateral” means any and all Property covered by the Collateral Documents and any and all other Property of any Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Agent, on behalf of itself and the Lenders, to secure the Secured Obligations.

Collateral Access Agreement” means any landlord waiver or other agreement, in form and substance reasonably satisfactory to the Agent, between the Agent and any third party (including any bailee, consignee, customs broker, or other similar Person) in possession of any Collateral or any landlord of any Loan Party for any real Property where any Collateral is located, as such landlord waiver or other agreement may be amended, restated, or otherwise modified from time to time.

Collateral Documents” means, collectively, the Security Agreement, the Mortgages and any other documents granting a Lien upon the Collateral as security for payment of the Secured Obligations.

Collateral Shortfall Amount” is defined in Section 2.1.2(l).

Commitment” means, for each Lender, the obligation of such Lender to make Loans to the Borrower, and participate in Facility LCs issued upon the application of the Borrower, in an aggregate amount not exceeding the amount set forth in Schedule I or as set forth in any Assignment Agreement that has become effective pursuant to Section 12.3(c), as such amount may be modified from time to time pursuant to the terms hereof.

Commodity Hedging Agreement” means any agreement or arrangement designed solely to protect any Loan Party against fluctuations in the price of petroleum derivative products with respect to quantities of such products that such Loan Party reasonably expects to purchase from suppliers, sell to their customers or need for their inventory during the period covered by such agreement or arrangement.

Commodities Inventory” means all inventory consisting of petroleum derivative products of, and held for sale by, the Loan Parties.

Compliance Certificate” is defined in Section 6.1(e).

Confidential Information Memorandum” means the Confidential Information Memorandum dated May 2011 and furnished to certain Lenders.

Consolidated Capital Expenditures” means, with reference to any period, the Capital Expenditures of the Parent and its Subsidiaries calculated on a consolidated basis for such period.

Consolidated EBITDA” means Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (a) Consolidated Interest Expense, (b) expense for taxes paid or accrued, (c) depreciation, (d) amortization and other non-cash charges (including any non-cash impact of Financial Standards Accounting Board Statements 87 and 133), (e) cash contributions to any Plan and (f) extraordinary non-cash losses (as determined in accordance with GAAP) incurred other than in the ordinary course of business, minus, to the

 

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extent included in Consolidated Net Income, extraordinary gains (as determined in accordance with GAAP) realized other than in the ordinary course of business, all calculated for the Parent and its Subsidiaries on a consolidated basis. For the purposes of calculating Consolidated EBITDA for any period (each, a “Reference Period”), (i) if at any time during such Reference Period, the Parent or any Subsidiaries shall have made any Material Disposition, Consolidated EBITDA for such Reference Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the property that is the subject of such Material Disposition for such Reference Period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such Reference Period and (ii) if during such Reference Period, the Parent or any Subsidiaries shall have made a Material Acquisition, Consolidated EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of such Reference Period. As used in this definition: “Material Acquisition” means any Permitted Acquisition that involves the payment of consideration by the Parent and its Subsidiaries in excess of $500,000; “Material Disposition” means any sale, transfer or other disposition of property or series of related sales, transfers or other dispositions of property that yields gross proceeds to the Parent and the Subsidiaries in excess of $500,000.

Consolidated Fixed Charges” means, with reference to any period, without duplication, cash Consolidated Interest Expense, plus scheduled principal payments on Indebtedness made during such period, plus dividends or distributions paid or made during such Period by the Parent, plus Capitalized Lease payments, plus cash contributions to any Plan (provided that no greater than $3,200,000 of such cash contributions in respect of any 2009 Plan year made during the 2010 Fiscal Year shall he included for purposes of this definition), all calculated for the Parent and its Subsidiaries on a consolidated basis. For the purposes of calculating Consolidated Fixed Charges for any period (each, a “Reference Period”), (i) if at any time during such Reference Period, the Parent or any Subsidiaries shall have made any Material Disposition, Consolidated Fixed Charges for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Disposition occurred on the first day of such Reference Period and (ii) if during such Reference Period, the Parent or any Subsidiaries shall have made a Material Acquisition, Consolidated Fixed Charges for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of such Reference Period. As used in this definition: “Material Acquisition” means any Permitted Acquisition that involves the payment of consideration by the Parent and its Subsidiaries in excess of $500,000; and “Material Disposition” means any sale, transfer or other disposition of property or series of related sales, transfers or other dispositions of property that yields gross proceeds to the Parent and the Subsidiaries in excess of $500,000.

Consolidated Interest Expense” means, with reference to any period, the interest expense of the Parent and its Subsidiaries calculated on a consolidated basis for such period.

Consolidated Net Income” means, with reference to any period, the net income (or loss) of the Parent and its Subsidiaries calculated on a consolidated basis for such period.

Contingent Obligation” of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or is contingently liable upon, the obligation or

 

9


liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of such other Person against loss, including, without limitation, any comfort letter, operating agreement, take-or-pay contract or the obligations of any such Person as general partner of a partnership with respect to the liabilities of the partnership.

Controlled Group” means all members of a controlled group of corporations or other business entities and all trades or businesses (whether or not incorporated) under common control which, together with the Parent or any of its Subsidiaries, are treated as a single employer under Section 414 of the Code.

Conversion/Continuation Notice” is defined in Section 2.7.

Copyrights” shall have the meaning given to such term in the Security Agreement.

Credit Exposure” means, as to any Lender at any time, the sum of (a) the aggregate principal amount of its Revolving Loans outstanding at such time, plus (b) an amount equal to all accrued interest, fees and other charges under this Agreement then owing to it, plus (c) an amount equal to its Pro Rata Share of the LC Obligations at such time, plus (d) an amount equal to its Pro Rata Share of the aggregate principal amount of Non-Ratable Loans, Swingline Loans, Overadvances and Protective Advances outstanding at such time.

Credit Extension” means the making of an Advance or the issuance of a Facility LC hereunder.

Credit Extension Date” means the Borrowing Date for an Advance or the issuance date for a Facility LC.

Customer Lists” means a list of the Borrower’s customers, specifying each customer’s name, mailing address and phone number.

Customer Lists Value” means, at the election of the Agent exercising its Permitted Discretion, either (a) the value of the Customer Lists as determined in a manner acceptable to the Agent (in its Permitted Discretion) by an appraiser reasonably acceptable to the Agent or (b) the value of (i) the distressed net orderly enterprise valuation (as determined by the Agent in its Permitted Discretion) of the non-working capital assets of the Loan Parties less (ii) the fair market value of Eligible Real Property less (iii) the Orderly Liquidation Value of Eligible Vehicles less (iv) the Orderly Liquidation Value of Eligible Machinery and Equipment.

Default” means an event described in Article VII.

Defaulting Lender” means any Lender, as determined by the Agent in its Permitted Discretion, that has (a) failed to fund any portion of its Loans or participations in Letters of Credit within three Business Days of the date required to be funded by it hereunder, unless such funding obligations are subject to a good faith dispute between the Borrower and such Lender, (b) notified the Borrower, the Agent, the LC Issuer or any Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this

 

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Agreement or under other agreements in which it commits to extend credit (it being understood that a Lender shall not be deemed a Defaulting Lender hereunder if its stated intention not to fund is based upon another party’s failure to fulfill its obligations under the applicable agreement), in each case unless such funding obligations are subject to a good faith dispute between the Borrower and such Lender, (c) failed, within three Business Days after request by the Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Letters of Credit, unless such funding obligations are subject to a good faith dispute between the Borrower and such Lender, (d) otherwise failed to pay over to the Agent or any other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute, or (e) (i) become or is insolvent or has a parent company that has become or is insolvent or (ii) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment.

Deposit Account Control Agreement” means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

Document” shall have the meaning given to such term in the Security Agreement.

Documentation Agent” has the meaning specified in the preamble hereto.

Domestic Subsidiary” means any Subsidiary which is organized under the laws of the U.S. or any state of the U.S.

Effective Date” means the date that the conditions precedent set forth in Article IV are satisfied.

Eligibility Definition” means any of the following terms, as defined herein: “Eligible Accounts Receivable”, “Eligible Heating Oil and Other Fuel Inventory”, “Eligible Machinery and Equipment”, “Eligible Other Inventory”, “Eligible Real Property” and “Eligible Vehicles”.

Eligible Accounts Receivable” means, at any time, the Accounts of a Loan Party which the Agent determines in its Permitted Discretion are eligible as the basis for Credit Extensions hereunder. Without limiting the Agent’s discretion provided herein, Eligible Accounts Receivable shall not include any Account:

(a) which is not subject to a first priority perfected security interest in favor of the Agent;

 

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(b) which is subject to any Lien other than (i) a Lien in favor of the Agent and (ii) a Permitted Lien which does not have priority over the Lien in favor of the Agent;

(c) with respect to which more than 90 days have elapsed since the date of the original invoice therefor or which is more than 60 days past the due date for payment; provided that an installment Account that does not otherwise meet the terms of this clause (c) shall nevertheless constitute an Eligible Account Receivable so long as (i) with respect to any particular payment installment of such installment Account, not more than 90 days have elapsed since the date on which the original bill for such particular payment installment was mailed, (ii) no particular payment installment of such installment Account is more than 60 days past the due date for payment and (iii) the aggregate of all such installment Accounts does not exceed $25,000,000;

(d) which is owing by an Account Debtor for which more than 50% of the Accounts owing from such Account Debtor and its Affiliates are ineligible hereunder;

(e) which is owing by an Account Debtor to the extent the aggregate amount of Accounts owing from such Account Debtor and its Affiliates to all Loan Parties exceeds 2% of the aggregate amount of Eligible Accounts Receivable of all Loan Parties;

(f) with respect to which any covenant, representation, or warranty contained in this Agreement or in the Security Agreement has been breached or is not true;

(g) which (i) does not arise from the sale of goods or performance of services in the ordinary course of business, (ii) is not evidenced by an invoice or other documentation satisfactory to the Agent (in its Permitted Discretion) which has been sent or otherwise delivered to the Account Debtor, (iii) represents a progress billing, (iv) is contingent upon such Loan Party’s completion of any further performance, or (v) represents a sale on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment, cash-on-delivery or any other repurchase or return basis;

(h) for which the goods giving rise to such Account have not been shipped to the Account Debtor or for which the services giving rise to such Account have not been performed by such Loan Party;

(i) with respect to which any check or other instrument of payment has been returned uncollected for any reason;

(j) which is owed by an Account Debtor which has (i) applied for, suffered, or consented to the appointment of any receiver, custodian, trustee, or liquidator of its assets, (ii) has had possession of all or a material part of its property taken by any receiver, custodian, trustee or liquidator, (iii) filed, or had filed against it, any request or petition for liquidation, reorganization, arrangement, adjustment of debts, adjudication as bankrupt, winding-up, or voluntary or involuntary case under any state or federal bankruptcy laws, (iv) has admitted in writing its inability, or is generally unable to, pay its debts as they become due, (v) become insolvent, or (vi) ceased operation of its business;

 

12


(k) which is owed by any Account Debtor which has sold all or a substantially all of its assets;

(l) which is owed by an Account Debtor which (i) does not maintain its chief executive office in the U.S. or Canada (other than the Province of Newfoundland) or (ii) is not organized under applicable law of the U.S., any state of the U.S., Canada, or any province of Canada (other than the Province of Newfoundland) unless, in either case, such Account is backed by a Letter of Credit acceptable to the Agent in its Permitted Discretion which is in the possession of the Agent;

(m) which is owed in any currency other than U.S. dollars;

(n) which is owed by (i) the government (or any department, agency, public corporation, or instrumentality thereof) of any country other than the U.S. unless such Account is backed by a Letter of Credit acceptable to the Agent (in its Permitted Discretion) which is in the possession of the Agent, or (ii) the government of the U.S., or any department, agency, public corporation, or instrumentality thereof, unless the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15 et seq.), and any other steps necessary to perfect the Lien of the Agent in such Account have been complied with to the Agent’s satisfaction in its Permitted Discretion;

(o) which is owed by any Affiliate, director or executive officer of any Loan Party;

(p) which, when added to all other Accounts owing to the Loan Parties by the applicable Account Debtor or any of its Affiliates, does not exceed in face amount (i) in the case of commercial Account Debtors, 2.0% of the total Eligible Accounts Receivable and (ii) in the case of residential Account Debtors, 1.0% of the total Eligible Accounts Receivable;

(q) which is owed by an Account Debtor or any Affiliate of such Account Debtor to which any Loan Party is indebted, but only to the extent of such indebtedness;

(r) which is subject to any counterclaim, deduction, defense, setoff or dispute but only to the extent of any such counterclaim, deduction, defense, setoff or dispute;

(s) which is evidenced by any promissory note, chattel paper, or instrument;

(t) which is owed by an Account Debtor located in any jurisdiction which requires filing of a “Notice of Business Activities Report” or other similar report in order to permit such Loan Party to seek judicial enforcement in such jurisdiction of payment of such Account, unless such Loan Party has filed such report or qualified to do business in such jurisdiction;

(u) with respect to which such Loan Party has made any agreement with the Account Debtor for any reduction thereof, other than discounts and adjustments given in the ordinary course of business; or

 

13


(v) which the Agent determines (in its Permitted Discretion) may not be paid by reason of the Account Debtor’s inability to pay or which the Agent otherwise determines (in its Permitted Discretion) is unacceptable for any reason whatsoever.

Eligible Carrier” means each of the carriers and pipeline companies listed on Schedule 1.1B or otherwise approved from time to time by the Agent in its Permitted Discretion.

Eligible Heating Oil and Other Fuel Inventory” means, at any time, the Inventory of a Loan Party consisting of propane, home heating oil, diesel fuel and other petroleum derivative products, but excluding natural gas, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder and as to which all of the following requirements have been fulfilled to the reasonable satisfaction of the Agent:

(a) such Inventory is owned by such Loan Party, is subject to a first priority perfected Lien in favor of the Agent, and is subject to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent;

(b) such Inventory is not held on consignment;

(c) such Inventory is of customary quality and meets all standards applicable to such Inventory, its use or sale imposed by any Governmental Authority having regulatory authority over such matters;

(d) such Inventory is of a type sold in the ordinary course of the business of such Loan Party;

(e) such Inventory is located within the United States (i) in the Buckeye or Colonial pipeline systems, (ii) in commercial storage facilities; (iii) at one of the locations listed in Exhibit A to the Security Agreement; or (iv) in transit to a location described in the foregoing clause (i), (ii) or (iii) with an Eligible Carrier;

(f) such Inventory does not constitute goods in transit unless it is in transit with an Eligible Carrier;

(g) such Inventory is stored in storage facilities of such Loan Party or in commercial storage facilities and if located in a warehouse or other facility leased by such Loan Party, the lessor has delivered to the Agent a waiver, consent and agreement in form and substance satisfactory to the Agent (in its Permitted Discretion) or a Reserve for rent, charges, and other amounts due or to become due with respect to such warehouse or facility has been established by the Agent in its Permitted Discretion; provided that any such Inventory stored in any particular commercial storage facility or warehouse does not in the aggregate exceed 15% of the total Eligible Heating Oil and Other Fuel Inventory;

(h) such Inventory has not been delivered to a customer of such Loan Party (regardless of whether such delivery is on a consignment basis) and has not been returned by any customer; and

 

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(i) in the case of any Inventory consisting of any petroleum derivative products other than home heating oil, such Inventory does not exceed 10% of the total Eligible Heating Oil and Other Fuel Inventory.

Eligible Machinery and Equipment” means, at any time, the Machinery and Equipment (other than Vehicles and items included in the definition of Eligible Other Inventory) of a Loan Party then used or useful in such Loan Party’s business, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder and as to which all of the following requirements have been fulfilled to the reasonable satisfaction of the Agent:

(a) such Machinery and Equipment (i) is owned by such Loan Party, (ii) is subject to a first priority perfected Lien in favor of the Agent and (iii) is subject to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent;

(b) the full purchase price for such Machinery and Equipment has been paid by such Loan Party;

(c) such Machinery and Equipment is located on premises (i) owned by such Loan Party, which premises are subject to a first priority perfected Lien in favor of the Agent and to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent or (ii) leased by such Loan Party with respect to which the Agent has received waiver, consent and agreement in form and substance satisfactory to the Agent;

(d) such Machinery and Equipment is in reasonable repair and working order and is used or held for use by such Loan Party in the ordinary course of business of such Loan Party;

(e) such Machinery and Equipment is not subject to any agreement which materially restricts the ability of the Loan Parties to use, sell, transport or dispose of such Machinery and Equipment or which materially restricts the Agent’s ability to take possession of, sell or otherwise dispose of such Machinery and Equipment; and

(f) such Machinery and Equipment does not constitute “fixtures” under the applicable laws of the jurisdiction in which such Machinery and Equipment is located;

provided, however, that with respect to any item of Machinery or Equipment which is subject to a Permitted Lien and which satisfies each of the eligibility criteria set forth above, only that portion of such item which is in excess of the amount secured by such Permitted Lien shall be deemed to constitute Eligible Machinery and Equipment.

Eligible Other Inventory” means, at any time, the Inventory of a Loan Party consisting of furnaces, boilers and other heating components and replacement parts, air conditioner and air conditioning components, water purifying equipment and parts, and other related equipment and parts held for resale in the ordinary course of business, but excluding Eligible Heating Oil and Other Fuel Inventory, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder. Without limiting the Agent’s discretion provided herein, Eligible Other Inventory shall not include any Inventory:

(a) which is not subject to a first priority perfected Lien in favor of the Agent;

 

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(b) which is subject to any Lien other than (i) a Lien in favor of the Agent and (ii) a Permitted Lien which does not have priority over the Lien in favor of the Agent;

(c) which is, in the Agent’s Permitted Discretion, slow moving, obsolete, unmerchantable, defective, unfit for sale, not salable at prices approximating at least the cost of such Inventory in the ordinary course of business or unacceptable due to age, type, category and/or quantity;

(d) with respect to which any covenant, representation, or warranty contained in this Agreement or the Security Agreement has been breached or is not true;

(e) which does not conform to all standards imposed by any Governmental Authority;

(f) which is not located in the U.S. or is in transit with a common carrier from vendors and suppliers;

(g) which is located in any location leased by such Loan Party unless (i) the lessor has delivered to the Agent a Collateral Access Agreement or (ii) a Reserve for rent, charges, and other amounts due or to become due with respect to such facility has been established by the Agent in its Permitted Discretion;

(h) which is located in any third party warehouse or is in the possession of a bailee and is not evidenced by a Document, unless (i) such warehouseman or bailee has delivered to the Agent a Collateral Access Agreement and such other documentation as the Agent may require or (ii) an appropriate Reserve has been established by the Agent in its Permitted Discretion;

(i) which is the subject of a consignment by such Loan Party as consignor;

(j) which is perishable;

(k) which contains or bears any Intellectual Property Rights licensed to such Loan Party unless the Agent is satisfied in its Permitted Discretion that it may sell or otherwise dispose of such Inventory without (i) infringing the rights of such licensor, (ii) violating any contract with such licensor, or (iii) incurring any liability with respect to payment of royalties other than royalties incurred pursuant to sale of such Inventory under the current licensing agreement;

(l) which is not reflected in a current inventory report of such Loan Party; or

(m) which the Agent otherwise determines in its Permitted Discretion is unacceptable for any reason whatsoever.

 

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provided, however, that with respect to any item of Equipment which is subject to a Permitted Lien and which satisfies each of the eligibility criteria set forth above, only that portion of such item which is in excess of the amount secured by such Permitted Lien shall be deemed to constitute Eligible Other Inventory.

Eligible Real Property” means, at any time, any parcel of Material Real Property of any Loan Party as to which each of the following conditions has been satisfied at such time:

(a) (i) a Lien on such parcel of Material Real Property shall have been granted by a Loan Party in favor of the Agent pursuant to a Mortgage, (ii) such Mortgage shall be in full force and effect in favor of the Agent at such time, (iii) such Mortgage shall have been recorded in the appropriate jurisdiction or jurisdictions to perfect the Lien granted pursuant to such Mortgage and (iv) all applicable mortgage recording taxes shall have been paid, provided that such Mortgage need not have been so recorded (and any such mortgage recording taxes need not have been so paid) if an effective title insurance policy (naming the Agent as the insured thereunder) shall have been issued that otherwise complies with the requirements of clause (c) (i) or (ii) of this definition and that provides “gap” coverage insuring against any exceptions that may arise prior to the actual recording of such Mortgage (and the payment of any such recording taxes);

(b) the Agent and the title insurance company issuing the policy referred to in clause (c) of this definition shall have received maps or plats of an as-built survey of the sites of the Material Real Property covered by such Mortgage certified to the Agent and such title insurance company in a manner reasonably satisfactory to them, dated a date reasonably satisfactory to the Agent and such title insurance company, by an independent professional licensed land surveyor reasonably satisfactory to the Agent and such title insurance company, which maps or plats and the surveys on which they are based shall be made in accordance with the Minimum Standard Detail Requirements for Land Title Surveys jointly established and adopted by the American Land Title Association and the American Congress on Surveying and Mapping in 1992, and, without limiting the generality of the foregoing, there shall be surveyed and shown on such maps, plats or surveys the following: (A) the locations on such sites of all the buildings, structures and other improvements and the established building setback lines (where setback information is readily obtainable); (B) the lines of streets abutting such sites and the width thereof; (C) all access and other easements appurtenant to such sites or necessary to use such sites; (D) all roadways, paths, driveways, easements, encroachments and overhanging projections and similar encumbrances affecting such sites, whether recorded, apparent from a physical inspection of such sites or otherwise known to the surveyor; (E) any encroachments on any adjoining property by the building structures and improvements on such sites; and (F) if such sites are described as being on a filed map, a legend or other information relating the survey to said map;

(c) the Agent shall have received in respect of such parcel of Material Real Property (i) a mortgagee’s title policy (or policies) or marked-up unconditional binder (or binders) for such insurance dated a date reasonably satisfactory to the Agent. Each such policy shall (A) be in an amount not less than the Mortgage Value (as of the date such parcel of Material Real Property becomes a parcel of Eligible Real Property) of such

 

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parcel of Material Real Property, (B) be issued at ordinary rates, (C) insure that the Mortgage insured thereby creates a valid first Lien on such parcel of Material Real Property free and clear of all defects and encumbrances, except such as may be approved by the Agent (in its Permitted Discretion) and Permitted Mortgage Liens, (D) name the Agent for the benefit of the Lenders as the insured thereunder, (E) be in the form of ALTA Loan Policy - 1992 (or such local equivalent thereof as is reasonably satisfactory to the Agent), (F) contain a comprehensive lender’s endorsement and such other endorsements as may be reasonably requested by the Agent and (G) be issued by Chicago Title Insurance Company, First American Title Insurance Company, Lawyers Title Insurance Corporation or any other title company reasonably satisfactory to the Agent (including any such title companies acting as co-insurers or reinsurers) or (ii) in the case of any such parcel of Material Real Property subject to a Mortgage pursuant to the Existing Credit Agreement as of the Effective Date, a date-down endorsement to the mortgagee’s title policy issued by the title company that issued the title policy covering such Existing Mortgage in connection with the Existing Credit Agreement, which endorsement shall update the effective date of such existing title insurance policy and amend the description of the insured Existing Mortgage to include the amendment to such Existing Mortgage. The Agent shall have received (x) evidence satisfactory to it (in its Permitted Discretion) that all premiums in respect of each such policy or endorsement, as the case may be, have been paid and (y) a copy of all documents referred to, or listed as exceptions to title, in such title policy (or policies);

(d) the Agent shall have received a Final Appraisal with respect to such parcel of Material Real Property;

(e) with respect to any such parcel of Material Real Property upon which a Mortgage is granted, a summary Phase I environmental report with respect to such parcel of Material Real Property, dated a date satisfactory to the Agent in its Permitted Discretion and in form and substance reasonably satisfactory to the Agent shall have been delivered to the Agent, accompanied by a reliance letter in favor of the Agent and the Lenders in form and substance reasonably satisfactory to the Agent; and

(f) if such parcel of Material Real Property is subject to a ground lease in favor of any Loan Party as lessee, no consent shall be required under such ground lease to mortgage or foreclose upon such parcel of Material Real Property (or such consent shall have been obtained).

Eligible Vehicles” means, at any time, the Equipment of a Loan Party consisting of trucks, vans and other vehicles used to transport home heating oil, diesel fuel and other petroleum derivative products and other Inventory (other than propane and natural gas), or are used primarily in connection with the provisions of service to customers, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder and as to which all of the following requirements have been fulfilled to the reasonable satisfaction of the Agent:

(a) such Equipment (i) is owned by such Loan Party, (ii) is subject to a first priority perfected Lien in favor of the Agent and (iii) is subject to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent;

 

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(b) the full purchase price for such Equipment has been paid by such Loan Party;

(c) such Equipment is located on premises (i) owned by such Loan Party, which premises are subject to a first priority perfected Lien in favor of the Agent and to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent, (ii) leased by such Loan Party with respect to which the Agent has received waiver, consent and agreement in form and substance satisfactory to the Agent, or (iii) is both (A) currently being tracked by the Borrower pursuant to a GPS or other similar system and (B) “at or in transit to” a Borrower location, the home of the driver of such Equipment or other location pursuant to a legitimate business purpose;

(d) such Equipment is in reasonable repair and working order and is used or held for use by such Loan Party in the ordinary course of business of such Loan Party;

(e) such Equipment is not subject to any agreement which materially restricts the ability of the Loan Parties to use, sell, transport or dispose of such Equipment or which materially restricts the Agent’s ability to take possession of, sell or otherwise dispose of such Equipment; and

(f) such Equipment does not constitute “fixtures” under the applicable laws of the jurisdiction in which such Equipment is located;

provided, however, that with respect to any item of Equipment which is subject to a Permitted Lien and which satisfies each of the eligibility criteria set forth above, only that portion of such item which is in excess of the amount secured by such Permitted Lien shall be deemed to constitute Eligible Vehicles.

Environmental Laws” means any and all federal, state, local and foreign statutes, laws, including without limitation common laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, plans, injunctions, permits, concessions, grants, franchises, licenses, agreements and other governmental restrictions relating to (a) the protection of the environment, (b) the effect of the environment on human health, (c) emissions, discharges or releases of Materials of Environmental Concern into the environment, or (d) the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Materials of Environmental Concern or the clean-up or other remediation thereof.

Equipment” has the meaning specified in the Security Agreement.

ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any rule or regulation issued thereunder.

 

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ERISA Event” means (a) a Reportable Event with respect to any Plan, (b) a determination that any Plan is, or is expected to be, in “at risk” status (within the meaning of Section 430 of the Code or Title IV of ERISA), (c) the taking of any steps to terminate any Plan, (d) the withdrawal by any Loan Party or any Controlled Group member from any Multiemployer Plan or the initiation of steps to do so, (e) receipt by any Loan Party or any Controlled Group member of a notice that any Multiemployer Plan is, or is expected to be, Insolvent, in Reorganization, or in “endangered” or “critical status” (within the meaning of Section 432 of the Code or Section 305 or Title IV of ERISA), (f) any Loan Party or any Controlled Group member has incurred or is reasonably expected to incur, any Withdrawal Liability to one or more Multiemployer Plans, or (g) any failure by any Single Employer Plan to satisfy the minimum funding standards (within the meaning of Sections 412 or 430 of the Code or Section 302 of ERISA) applicable to such Single Employer Plan, whether or not waived.

Eurodollar Advance” means an Advance which, except as otherwise provided in Section 2.12, bears interest at the Eurodollar Rate.

Eurodollar Base Rate” means, with respect to any Eurodollar Advance for any Interest Period, the rate appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the “Eurodollar Base Rate” with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period.

Eurodollar Loan” means a Loan which, except as otherwise provided in Section 2.12, bears interest at the Eurodollar Rate.

Eurodollar Rate” means, with respect to any Eurodollar Advance for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to the sum of (a) the product of (i) the Eurodollar Base Rate for such Interest Period multiplied by (ii) the Statutory Reserve Rate plus (b) the Applicable Margin.

Excluded Taxes” means, in the case of each Lender or applicable Lending Installation and the Agent, taxes imposed on its overall revenue or net income, and franchise taxes (imposed in lieu of net income taxes) imposed on it, by (a) the jurisdiction under the laws of which such Lender or the Agent is incorporated or organized or (b) the jurisdiction in which the Agent’s or such Lender’s principal executive office or such Lender’s applicable Lending Installation is located.

Exhibit” refers to an exhibit to this Agreement, unless another document is specifically referenced.

 

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Existing Credit Agreement” has the meaning specified in the Recitals hereto.

Existing Lenders” has the meaning specified in the Recitals hereto.

Existing Letters of Credit” means the letters of credit set forth on Schedule 1.1A that have been issued prior to the Effective Date by the LC Issuers identified on Schedule 1.1A.

Existing Mortgages” means each of the mortgages, deeds of trust or other agreements made pursuant to the Existing Credit Agreement by any Loan Party in favor of the Agent for the benefit of the Agent and the Lenders.

Facility” means the credit facility described in Section 2.1 hereof to be provided to the Borrower on the terms and conditions set forth in this Agreement.

Facility LC” is defined in Section 2.1.2(a).

Facility LC Application” is defined in Section 2.1.2(c).

Facility LC Collateral Account” is defined in Section 2.1.2(j).

Facility Termination Date” means June 3, 2016 or any earlier date on which the Aggregate Commitment is reduced to zero or otherwise terminated pursuant to the terms hereof.

Federal Funds Effective Rate” means, for any day, an interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published for such day (or, if such day is not a Business Day, for the immediately preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:00 a.m. (Chicago time) on such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by the Agent in its Permitted Discretion.

Fee Letter” is defined in Section 2.10(c).

Final Appraisal” means, with respect to any parcel of Material Real Property, a final complete appraisal of the value of such parcel of Material Real Property, as the case may be, commissioned in connection with this Agreement and delivered after the Effective Date and valued on an “alternative use” basis which in the Permitted Discretion of the Agent satisfies all applicable requirements of FIRREA and the Uniform Standards of Professional Appraisal Practice.

Financial Contract” of a Person means (a) any exchange-traded or over-the-counter futures, forward, swap or option contract or other financial instrument with similar characteristics, or (b) any Rate Management Transaction.

FIRREA” means the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.

 

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Fiscal Month” means the calendar month.

Fiscal Quarter” means any of the quarterly accounting periods of the Parent, ending on December 31, March 31, June 30 and September 30 of each year.

Fiscal Year” means any of the annual accounting periods of the Parent ending on September 30 of each year.

Fixed Charge Coverage Ratio” means, the ratio, determined as of the end of each Fiscal Month of the Parent for the then most-recently ended 12 Fiscal Months, of (a) Consolidated EBITDA minus the unfinanced portion of Consolidated Capital Expenditures minus taxes paid in cash to (b) Consolidated Fixed Charges, all calculated for the Parent and its Subsidiaries on a consolidated basis.

Fixtures” has the meaning specified in the Security Agreement.

Floating Rate” means, for any day, a rate per annum equal to (a) the Alternate Base Rate for such day plus (b) the Applicable Margin, in each case changing when and as the Alternate Base Rate changes.

Floating Rate Advance” means an Advance which, except as otherwise provided in Section 2.12, bears interest at the Floating Rate.

Floating Rate Loan” means a Loan which, except as otherwise provided in Section 2.12, bears interest at the Floating Rate.

Foreign Subsidiary” means any Subsidiary which is not a Domestic Subsidiary.

Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

Funding Account” is defined in Section 2.5.

GAAP” means generally accepted accounting principles in the United States as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.5.

General Partner” means Kestrel Heat LLC, a Delaware limited liability company.

Governmental Authority” means any nation or government, any state or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

Guaranteed Obligations” is defined in Section 15.1.

 

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Guarantor” means the Parent, the Borrower and each of the Parent’s other direct or indirect Domestic Subsidiaries, including any Person who becomes a Loan Party pursuant to a Joinder Agreement and their successors and assigns.

Guaranty” means Article XV of this Agreement.

Indebtedness” of a Person means such Person’s (a) obligations for borrowed money, (b) obligations representing the deferred purchase price of Property or services (other than accounts payable arising in the ordinary course of such Person’s business payable on terms customary in the trade), (c) obligations, whether or not assumed, secured by Liens or payable out of the proceeds or production from Property now or hereafter owned or acquired by such Person, (d) obligations which are evidenced by notes, acceptances, or other instruments, (e) obligations of such Person to purchase securities or other Property arising out of or in connection with the sale of the same or substantially similar securities or Property or any other Off-Balance Sheet Liabilities, (f) Capitalized Lease Obligations, (g) Contingent Obligations for which the underlying transaction constitutes Indebtedness under this definition, (h) the maximum available stated amount of all letters of credit or bankers’ acceptances created for the account of such Person and, without duplication, all reimbursement obligations with respect to letters of credit, (i) Net Mark-to-Market Exposure under all Rate Management Transactions, (j) obligations of such Person under any Sale and Leaseback Transaction, (k) obligations under any liquidated earn-out and (l) any other obligation for borrowed money or other financial accommodation which in accordance with GAAP would be shown as a liability on the consolidated balance sheet of such Person.

Insolvent” with respect to any Multiemployer Plan means the condition that such Multiemployer Plan is insolvent within the meaning of Section 4245 of ERISA.

Intellectual Property Rights” means, with respect to any Person, all of such Person’s Patents, Copyrights, Trademarks, and Licenses, all other rights under any of the foregoing, all extensions, renewals, reissues, divisions, continuations and continuations-in-part of any of the foregoing, and all rights to sue for past, present, and future infringement of any of the foregoing.

Intercompany Notes” is defined in Section 6.17(e).

Interest Period” means, with respect to a Eurodollar Advance, a period of one, two, three or six months commencing on a Business Day selected by the Borrower Representative pursuant to this Agreement. Such Interest Period shall end on the day which corresponds numerically to such date one, two, three or six months thereafter, provided, however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month, such Interest Period shall end on the last Business Day of such next, second, third or sixth succeeding month. If an Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next succeeding Business Day, provided however, that if said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding Business Day.

Inventory” has the meaning specified in the Security Agreement.

 

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Investment” of a Person means any (a) loan, advance, extension of credit (other than accounts receivable arising in the ordinary course of business on terms customary in the trade) or contribution of capital by such Person, (b) stocks, bonds, mutual funds, partnership interests, notes, debentures, securities or other Capital Stock owned by such Person, (c) any deposit accounts and certificate of deposit owned by such Person, and (d) structured notes, derivative financial instruments and other similar instruments or contracts owned by such Person; provided that any Rate Management Transaction entered into in compliance with Section 6.17(i) shall not constitute an “Investment.”

Joinder Agreement” is defined in Section 6.15(a).

Kestrel Group” means Kestrel Energy Partners, LLC and any officers, directors or employees of the General Partner owning equity interests in the General Partner.

LC Exposure” is defined in Section 2.23(c).

LC Fee” is defined in Section 2.10(b).

LC Issuer” means each of (a) Chase (or any subsidiary or Affiliate of Chase designated by Chase) and (b) Bank of America, N.A.

LC Obligations” means, at any time, the sum, without duplication, of (a) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (b) the aggregate unpaid amount at such time of all Reimbursement Obligations.

LC Payment Date” is defined in Section 2.1.2(d).

Lenders” means the lending institutions listed on the signature pages of this Agreement and their respective successors and assigns.

Lending Installation” means, with respect to a Lender, the LC Issuer or the Agent, the office, branch, subsidiary or Affiliate of such Lender, LC Issuer or the Agent listed on the signature pages hereof or on a Schedule or otherwise selected by such Lender, the LC Issuer or the Agent pursuant to Section 2.22.

Letter of Credit” of a Person means a letter of credit or similar instrument which is issued upon the application of such Person or upon which such Person is an account party or for which such Person is in any way liable.

Licenses” shall have the meaning given to such term in the Security Agreement.

Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title retention agreement).

 

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Loan Documents” means this Agreement, any Notes, the Facility LC Applications, the Collateral Documents, the Guaranty and all other agreements, instruments, documents and certificates identified in Section 4.1 executed and delivered to, or in favor of, the Agent or any Lenders and including all other pledges, powers of attorney, consents, assignments, contracts, notices, letter of credit agreements and all other written matter whether heretofore, now or hereafter executed by or on behalf of any Loan Party, or any employee of any Loan Party, and delivered to the Agent or any Lender in connection with the Agreement or the transactions contemplated thereby, but shall not include agreements in connection with Rate Management Transactions. Any reference in the Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments, restatements, supplements or other modifications thereto, and shall refer to the Agreement or such Loan Document as the same may be in effect at any and all times such reference becomes operative.

Loan Parties” means the Parent, the Borrower and each other Guarantor.

Loans” means, with respect to a Lender, such Lender’s loans made pursuant to Article II (or any conversion or continuation thereof), including Non-Ratable Loans, Swingline Loans, Overadvances and Protective Advances.

Machinery” has the meaning specified in the Security Agreement.

Margin Stock” is defined in Section 5.13.

Management Fees and Expenses” means any amounts paid by a Loan Party in respect of any management, consulting or other similar arrangement with an equity holder or Affiliate of a Loan Party (other than another Loan Party).

Material Adverse Effect” means a material adverse effect on (a) the business, operations, Property, condition (financial or otherwise) or prospects of the Parent and its Subsidiaries taken as a whole or (b) the validity or enforceability of any of the Loan Documents or the rights and remedies of the Agent, the LC Issuer and the Lenders thereunder.

Material Indebtedness” means Indebtedness in an outstanding principal amount of $1,000,000 or more in the aggregate (or the equivalent thereof in any currency other than U.S. dollars).

Material Indebtedness Agreement” means any agreement under which any Material Indebtedness was created or is governed or which provides for the incurrence of Indebtedness in an amount which would constitute Material Indebtedness (whether or not an amount of Indebtedness constituting Material Indebtedness is outstanding thereunder).

Material Real Property” means real property not subject to a mortgage, deed of trust or other similar instrument (other than pursuant hereto) that (i) is owned in fee by any Loan Party and is not subject to a ground lease in favor of any other Person as lessee, (ii) is located in the United States and (iii) (A) has been developed with a facility used of useful in the business of the Loan Parties with respect to which a certificate of occupancy or temporary certificate of occupancy or the local equivalent thereof (or any other similar proof of completion) shall have been issued by the relevant Governmental Authority or (B) is undeveloped and has a book value (excluding soft costs) of at least $100,000.

 

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Materials of Environmental Concern” means (a) any and all hazardous substances, hazardous materials or toxic substances as defined in the Clean Air Act, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, the Resource Conservation and Recovery Act of 1976, as amended, and the Hazardous Materials Transportation Act and the regulations promulgated thereunder, (b) any substance or materials listed as hazardous or toxic in the United States Department of Transportation Table, by the Environmental Protection Agency or any successor agency or under any applicable Federal, state, local or foreign laws or regulations, (c) any asbestos, poly-chlorinated biphenyls, urea formaldehyde foam, explosives or radioactive waste, (d) any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products, or (e) any other chemical, material or substance which is not classified as hazardous or toxic but exposure to which is prohibited, limited or regulated by any applicable Federal, state, local or foreign authority or other governmental authority having jurisdiction over the Mortgaged Property, including, without limitation, propane and any related petroleum products or by-products.

Maximum Liability” is defined in Section 15.9.

Modify” and “Modification” are defined in Section 2.1.2(a).

Monthly Reports” is defined in Section 4.1(m).

Moody’s” means Moody’s Investors Service, Inc.

Mortgage Value” means, with respect to any parcel of Eligible Real Property, the lesser of (a) the maximum stated amount secured by the Lien on such parcel of Eligible Real Property granted in favor of the applicable secured mortgagee pursuant to the relevant Mortgage and (b) the value of such parcel of Eligible Real Property set forth in the Final Appraisal delivered with respect thereto.

Mortgages” means any mortgage, deed of trust or other agreement which conveys or evidences a Lien in favor of the Agent, for the benefit of the Agent and the Lenders, on real Property of a Loan Party, including the Existing Mortgages and any amendments, modifications or supplements thereto.

Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which the Parent or any member of the Controlled Group is obligated to make contributions.

Net Cash Proceeds” means, if in connection with (a) an asset disposition, cash proceeds net of (i) commissions and other reasonable and customary transaction costs, fees and expenses properly attributable to such transaction and payable by such Loan Party in connection therewith (in each case, paid to non-Affiliates), (ii) transfer taxes, (iii) amounts payable to holders of senior Liens on such asset (to the extent such Liens constitute Permitted Liens hereunder), if any, and (iv) an appropriate reserve for income taxes in accordance with GAAP established in connection therewith, (b) the issuance or incurrence of Indebtedness, cash proceeds net of attorneys’ fees,

 

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investment banking fees, accountants’ fees, underwriting discounts and commissions and other customary fees and expenses actually incurred in connection therewith or, (c) an equity issuance, cash proceeds net of underwriting discounts and commissions and other reasonable costs paid to non-Affiliates in connection therewith.

Net Mark-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate Management Transactions. As used in this definition, “unrealized losses” means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date). For the avoidance of doubt, “Net Mark-to-Market Exposure” shall not include the upfront cost of purchasing call or put options.

Net Orderly Liquidation Value” means, with respect to Inventory, Equipment or Machinery of any Person, the net orderly liquidation value thereof as determined after the Effective Date in a manner acceptable to the Agent (in its Permitted Discretion) by an appraiser reasonably acceptable to the Agent.

Non-Consenting Lender” is defined in Section 8.3(d).

Non-Paying Guarantor” is defined in Section 15.10.

Non-Ratable Loan” and “Non-Ratable Loans” are defined in Section 2.1.3.

Non-Seasonal Availability Amount” means $250,000,000; provided that, if the Aggregate Commitment is increased pursuant to Section 2.16 hereof, the Non-Seasonal Availability Amount shall be deemed to be an amount equal to the Non-Seasonal Availability Amount in effect immediately prior to such increase plus the amount of such increase.

Non-U.S. Lender” is defined in Section 3.5(d).

Note” is defined in Section 2.21(d).

Obligations” means, collectively, all unpaid principal of and accrued and unpaid interest on (including interest accruing after the maturity of the Loans and Reimbursement Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans, all LC Obligations, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations of the Loan Parties to the Lenders or to any Lender, the Agent, the LC Issuer or any indemnified party arising under the Loan Documents.

Off-Balance Sheet Liability” of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (b) any indebtedness, liability or obligation under any Sale and Leaseback Transaction which is not a

 

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Capitalized Lease, (c) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered into by such Person, or (d) any indebtedness, liability or obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheets of such Person, but excluding from this clause (d) Operating Leases.

Operating Lease” of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

Operating Lease Obligations” means, as at any date of determination, the amount obtained by aggregating the present values, determined in the case of each particular Operating Lease by applying a discount rate (which discount rate shall equal the discount rate which would be applied under GAAP if such Operating Lease were a Capitalized Lease) from the date on which each fixed lease payment is due under such Operating Lease to such date of determination, of all fixed lease payments due under all Operating Leases of the Parent and its Subsidiaries.

Other Taxes” is defined in Section 3.5(b).

Overadvances” has the meaning specified in Section 2.1.4(c).

Parent” means Star Gas Partners, L.P., a Delaware limited partnership.

Parent Subordinated Debt” is defined in Section 6.32.

Participants” is defined in Section 12.2(a).

Patents” shall have the meaning given to such term in the Security Agreement.

Paying Guarantor” is defined in Section 15.10.

Payment Date” means (a) with respect to interest payments due on any Floating Rate Loan, the first day of each calendar month and the Facility Termination Date, (b) with respect to interest payments due on any Eurodollar Loan, (i) the last day of the applicable Interest Period, (ii) in the case of any Interest Period in excess of three months, the day which is three months after the first day of such Interest Period and (iii) the date on which such Eurodollar Loan is prepaid, whether by acceleration or otherwise, and the Facility Termination Date, and (c) with respect to any payment of LC Fees, Unused Commitment Fees or fronting fees in respect of Letters of Credit, the first day of each calendar month and the Facility Termination Date.

PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto.

Permitted Acquisition” means any Acquisition by any Loan Party in a transaction that satisfies each of the following requirements:

(a) such Acquisition is not a hostile or contested acquisition;

 

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(b) the business acquired in connection with such Acquisition is (i) located in the U.S., (ii) organized under U.S. and applicable state laws, and (iii) except for assets not constituting more than 5% of the assets acquired in such Acquisition, not engaged, directly or indirectly, in any line of business other than the businesses in which the Loan Parties are engaged on the Effective Date and any business activities that are substantially similar, related, or incidental thereto;

(c) both before and after giving effect to such Acquisition and the Loans (if any) requested to be made in connection therewith, each of the representations and warranties in the Loan Documents is true and correct (except (i) any such representation or warranty which relates to a specified prior date and (ii) to the extent the Agent and the Lenders have been notified in writing by the Loan Parties that any representation or warranty is not correct and the Required Lenders have explicitly waived in writing compliance with such representation or warranty) and no Default or Unmatured Default exists, will exist, or would result therefrom;

(d) if the consideration for such Acquisition is greater than $5,000,000, as soon as available, but not less than ten days prior to such Acquisition, the Borrower Representative has provided the Lenders (i) notice of such Acquisition and (ii) a copy of all business and financial information reasonably requested by the Agent, including pro forma historical and projected financial information and cash flow and Availability calculations provided in a manner reasonably acceptable to the Agent;

(e) if the Accounts and Inventory acquired in connection with such Acquisition are proposed to be included in the determination of the Borrowing Base, the Agent shall have conducted an audit and field examination of such Accounts and Inventory to its reasonable satisfaction;

(f) the purchase price of such Acquisition does not exceed $25,000,000;

(g) if such Acquisition is an acquisition of the Capital Stock of a Person, the Acquisition is structured so that the acquired Person shall become a Wholly-Owned Subsidiary of the Borrower and, in accordance with Section 6.15(a), a Loan Party pursuant to the terms of this Agreement;

(h) if such Acquisition is an acquisition of assets, the Acquisition is structured so that the Borrower or a Guarantor shall acquire such assets;

(i) if such Acquisition is an acquisition of Capital Stock, such Acquisition will not result in any violation of Regulation U;

(j) no Loan Party shall, as a result of or in connection with any such Acquisition, assume or incur any direct or contingent liabilities (whether relating to environmental, tax, litigation, or other matters) that could have a Material Adverse Effect;

(k) in connection with an Acquisition of the Capital Stock of any Person, all Liens on property of such Person shall be terminated unless the Agent in its Permitted Discretion consents otherwise, and in connection with an Acquisition of the assets of any Person, all Liens on such assets shall be terminated;

 

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(l) the Borrower Representative shall certify (and provide the Agent with a pro forma calculation in form and substance reasonably satisfactory to the Agent), on its behalf and on behalf of the Borrower, to the Agent and the Lenders that, after giving effect to the completion of such Acquisition, Availability was not less than $40,000,000 for any period of three consecutive days during the six-month period ending on the date on which such Acquisition was consummated and is not projected to be less than $40,000,000 during the six-month period immediately after consummation of such Acquisition (with such projected Availability to be determined by reference to the average projected Availability on the last day of each of the relevant six months), in each case on a pro forma basis which includes all consideration given in connection with such Acquisition, other than Capital Stock of the Borrower delivered to the seller(s) in such Acquisition, as having been paid in cash at the time of making such Acquisition; and

(m) no Default exists or would result therefrom.

Permitted Discretion” means a determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment.

Permitted Liens” is defined in Section 6.21.

Permitted Mortgage Liens” means the collective reference to Liens described in Section 6.21(iii) and (v).

Person” means any natural person, corporation, firm, joint venture, partnership, limited liability company, association, enterprise, trust or other entity or organization, or any government or political subdivision or any agency, department or instrumentality thereof.

Petro” has the meaning specified in the preamble hereto.

PHI” means Petro Holdings, Inc., a Minnesota corporation.

Plan” means any employee pension benefit plan (as defined in Section 3(2) of ERISA), other than a Multiemployer Plan, subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA and in respect of which any Loan Party or any member of the Controlled Group is (or, if such Plan were terminated, would under Section 4062 or Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

Prime Rate” means a rate per annum equal to the prime rate of interest announced from time to time by Chase or its parent (which is not necessarily the lowest rate charged to any customer), changing when and as said prime rate changes.

Projections” is defined in Section 6.1(d).

Proposed Change” is defined in Section 8.3(d).

 

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Property” of a Person means any and all property, whether real, personal, tangible, intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person.

Pro Rata Share” means, with respect to any Lender, (a) with respect to Revolving Loans, LC Obligations, Non-Ratable Loans, Swingline loans or Overadvances, a portion equal to a fraction the numerator of which is such Lender’s Commitment and the denominator of which is the Aggregate Commitment, (b) with respect to Protective Advances or with respect to all Credit Extensions in the aggregate prior to the Facility Termination Date, a portion equal to a fraction the numerator of which is such Lender’s Commitment and the denominator of which is the Aggregate Commitment, and (c) with respect to Protective Advances or with respect to all Credit Extensions in the aggregate after the Facility Termination Date, a portion equal to a fraction the numerator of which is such Lender’s Credit Exposure and the denominator of which is the Aggregate Credit Exposure; provided that, in the case of Section 2.23 when a Defaulting Lender shall exist, any Defaulting Lender’s Commitment hereunder shall be disregarded for purposes of calculating a Lender’s Pro Rata Share.

Protective Advances” is defined in Section 2.1.4(a).

Purchasers” is defined in Section 12.3(a).

Rate Management Obligations” of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Rate Management Transactions, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Management Transactions.

Rate Management Transaction” means any transaction (including any Commodity Hedging Agreement and any other agreement with respect thereto) now existing or hereafter entered by any Loan Party which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures.

RCRA” is defined in Section 5.18(b).

Reference Period” is defined in the definition of “Consolidated EBITDA”.

Register” is defined in Section 12.3(d).

Regulation D” means Regulation D of the Board as from time to time in effect and any successor thereto or other regulation or official interpretation of said Board relating to reserve requirements applicable to member banks of the Federal Reserve System.

 

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Regulation U” means Regulation U of the Board as from time to time in effect and any successor or other regulation or official interpretation of said Board relating to the extension of credit by banks for the purpose of purchasing or carrying margin stocks applicable to member banks of the Federal Reserve System.

Reimbursement Obligations” means, at any time, the aggregate of all obligations of the Borrower then outstanding under Section 2.1.2 to reimburse the LC Issuer for amounts paid by the LC Issuer in respect of any one or more drawings under Facility LCs.

Reinvestment Deferred Amount” means with respect to any asset disposition, the aggregate Net Cash Proceeds received in connection therewith that are not applied to prepay the Obligations pursuant to Section 2.15(b)(i) as a result of the delivery of a Reinvestment Notice.

Reinvestment Notice” means a written notice executed by the Borrower Representative stating that no Default or Unmatured Default has occurred and is continuing and that a Loan Party intends and expects to use all or a specified portion of the Net Cash Proceeds of an asset disposition to consummate a Permitted Acquisition and/or acquire assets useful in its business (other than current assets).

Reinvestment Prepayment Amount” means with respect to any asset disposition, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to consummate Permitted Acquisitions and/or acquire assets useful in the Borrower’s business (other than current assets).

Reinvestment Prepayment Date” means with respect to any asset disposition, the earlier of (a) the date occurring twelve months after such asset disposition and (b) the date on which a Loan Party shall have determined not to, or shall have otherwise ceased to, consummate Permitted Acquisitions and/or acquire assets useful in its business with all or any portion of the relevant Reinvestment Deferred Amount.

Rentals” of a Person means the aggregate fixed amounts payable by such Person under any Operating Lease.

Reorganization” means, with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of ERISA.

Reportable Event” means a “reportable event” as defined in Section 4043 of ERISA and the regulations issued under such section, with respect to a Plan, excluding, however, such events as to which the PBGC has by regulation waived the requirement of Section 4043(a) of ERISA that it be notified within thirty days of the occurrence of such event, provided, however, that a failure to meet the minimum funding standards of Sections 412 and 430 of the Code and of Section 302 of ERISA shall be a Reportable Event regardless of the issuance of any such waiver of the notice requirement in accordance with either Section 4043(a) of ERISA or Section 412(d) of the Code.

Reports” means reports prepared by Chase or another Person showing the results of appraisals, field examinations or audits pertaining to the Borrower’s assets from information furnished by or on behalf of the Borrower, after Chase has exercised its rights of inspection pursuant to this Agreement, which Reports may be distributed to the Lenders by Chase.

 

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Required Lenders” means Lenders in the aggregate having at least a majority of the Aggregate Commitment or, if the Aggregate Commitment has been terminated, Lenders in the aggregate holding at least a majority of the Aggregate Credit Exposure.

Reserves” means any and all reserves which the Agent deems necessary, in its Permitted Discretion, to maintain (including, without limitation, reserves for accrued and unpaid interest on the Secured Obligations, volatility reserves (including reserves for amounts owing with respect to obligations of the Loan Parties in respect of any Commodity Hedging Agreements that are secured by the Collateral), reserves for rent and usage fees at storage depots and other locations leased by any Loan Party and for consignee’s, warehousemen’s and bailee’s charges, reserves for dilution of Accounts, reserves for Inventory shrinkage, reserves for customs charges and shipping charges related to any Inventory in transit, reserves for contingent liabilities of any Loan Party, reserves for uninsured losses of any Loan Party, reserves for through-put fees and reserves for taxes, fees, assessments, and other governmental charges) with respect to the Collateral or any Loan Party.

Revolving Loans” means the revolving loans extended by the Lenders to the Borrower pursuant to Section 2.1.1 hereof.

Risk-Based Capital Guidelines” is defined in Section 3.2.

S&P” means Standard and Poor’s Ratings Services, a division of The McGraw Hill Companies, Inc.

Sale and Leaseback Transaction” means any sale or other transfer of Property by any Person with the intent to lease such Property as lessee.

Schedule” refers to a specific schedule to this Agreement, unless another document is specifically referenced.

Seasonal Availability Notice” means a written notice given by the Borrower at least three Business Days, and not more than ten Business Days, prior to the first day of the Seasonal Availability Period, specifying the first day and length of such period (not exceeding five months), provided that the Borrower may not deliver any Seasonal Availability Notice if a Default or Event of Default shall have then occurred and be continuing.

Seasonal Availability Period” means, until the Facility Termination Date, any period of up to five consecutive months during the period from December 1 of each year through April 30 of the following year, which period may be initiated by a Seasonal Availability Notice. The Seasonal Availability Period may be terminated early by written notice to such effect by the Borrower to the Agent at least three Business Days prior to the effective date of such termination.

Section” means a numbered section of this Agreement, unless another document is specifically referenced.

 

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Secured Obligations” means, collectively, (a) the Obligations and (b) all obligations of the Loan Parties in respect of any Commodity Hedging Agreements owing to any Person that is a Lender or an Affiliate of a Lender at the time such agreement is entered into and (c) to the extent permitted under applicable debt agreements, Banking Services and Rate Management Transactions (other than Commodity Hedging Agreements) owing to any Person that is a Lender or an Affiliate of a Lender at the time such agreement is entered into.

Security Agreement” means that certain Pledge and Security Agreement, dated as of the date hereof, between the Loan Parties and the Agent, for the benefit of the Agent and the Lenders, and any other pledge or security agreement entered into after the Effective Date by any other Loan Party (as required by this Agreement or any other Loan Document), or any other Person, as the same may be amended, restated or otherwise modified from time to time.

Senior Managing Agent” has the meaning specified in the preamble hereto.

Settlement” is defined in Section 2.19.

Settlement Date” is defined in Section 2.19.

Single Employer Plan” means a Plan maintained by the Parent or any member of the Controlled Group for employees of the Parent or any member of the Controlled Group.

Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Agent is subject with respect to the Eurodollar Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

Subordinated Indebtedness” of a Person means any Indebtedness of such Person the payment of which is subordinated to payment of the Secured Obligations to the written satisfaction of the Agent in its Permitted Discretion.

Subsidiary” of a Person means, any corporation, partnership, limited liability company, association, joint venture or similar business organization more than 50% of the outstanding Capital Stock having ordinary voting power of which shall at the time be owned or controlled by such Person. Unless otherwise expressly provided, all references herein to a “Subsidiary” shall mean a Subsidiary of the Borrower.

Substantial Portion” means Property which represents more than 10% of the consolidated assets of the Parent and its Subsidiaries or property which is responsible for more than 10% of the consolidated net sales or of the Consolidated EBITDA of the Parent and its

 

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Subsidiaries, in each case, as would be shown in the consolidated financial statements of the Parent and its Subsidiaries as at the beginning of the twelve-month period ending with the month in which such determination is made (or if financial statements have not been delivered hereunder for that month which begins the twelve-month period, then the financial statements delivered hereunder for the quarter ending immediately prior to that month).

Supporting Letter of Credit” is defined in Section 2.1.2(l).

Suppressed Availability” means the amount of excess, if any, of the amount of the Borrowing Base over the Aggregate Commitment.

Swingline Exposure” is defined in Section 2.23(c).

Swingline Loan” means a Loan made pursuant to Section 2.1.4(b).

Syndication Agent” has the meaning specified in the recitals hereto.

Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, and any and all liabilities with respect to the foregoing (including any interest, additions to tax or penalties applicable thereto), but excluding Excluded Taxes and Other Taxes.

Trademarks” shall have the meaning given to such term in the Security Agreement.

Transferee” is defined in Section 12.4.

Type” means, with respect to any Advance, its nature as a Floating Rate Advance or a Eurodollar Advance and with respect to any Loan, its nature as a Floating Rate Loan or a Eurodollar Loan.

UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York or any other state the laws of which are required to be applied in connection with the issue of perfection of security interests.

Unliquidated Secured Obligations” means, at any time, any Secured Obligations (or portion thereof) that is contingent in nature or unliquidated at such time, including any Secured Obligation that is: (i) an obligation to reimburse a bank for drawings not yet made under a letter of credit issued by it; (ii) any other obligation (including any guarantee) that is contingent in nature at such time; or (iii) an obligation to provide collateral to secure any of the foregoing types of obligations.

Unmatured Default” means an event which but for the lapse of time or the giving of notice, or both, would constitute a Default.

Unused Commitment Fee” is defined in Section 2.10(a).

U.S.” means the United States of America.

 

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Wholly-Owned Subsidiary” of a Person means, any Subsidiary all of the outstanding Capital Stock of which shall at the time be owned or controlled, directly or indirectly, by such Person or one or more Wholly-Owned Subsidiaries of such Person, or by such Person and one or more Wholly-Owned Subsidiaries of such Person.

Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Title IV of ERISA.

The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms.

1.2. Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that if the Borrower notifies the Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Statement of Financial Accounting Standards 159 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of any Loan Party at “fair value”, as defined therein.

ARTICLE II

THE FACILITY

2.1. The Facility. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to (a) make Loans to the Borrower as set forth below and (b) participate in Facility LCs issued upon the request of the Borrower, provided that, after giving effect to the making of each such Loan and the issuance of each such Facility LC, such Lender’s Credit Exposure shall not exceed its Commitment; provided further, that the Aggregate Credit Exposure shall not exceed the Aggregate Commitment. The LC Issuer will issue Facility LCs hereunder on the terms and conditions set forth in Section 2.1.2. The Facility shall be composed of Revolving Loans, Non-Ratable Loans, Protective Advances, Swingline Loans, Overadvances and Facility LCs as set forth below:

 

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2.1.1. Revolving Loans.

(a) Amount. From and including the Effective Date and prior to the Facility Termination Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make revolving loans (the “Revolving Loans”) to the Borrower Representative on behalf of the applicable Borrower and participate in Facility LCs issued for the account of the Borrower as set forth in Section 2.1.2 below, in aggregate amounts that will not result in (i) such Lender’s Credit Exposure exceeding its Commitment or (ii) the Aggregate Credit Exposure exceeding the lesser of (x) the Aggregate Commitment or (y) the Borrowing Base, subject to the Agent’s authority, in its sole discretion, to make Protective Advances and Overadvances pursuant to the terms of Section 2.1.4. The Revolving Loans may consist of Floating Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower Representative in accordance with Sections 2.1.1(b) and 2.7. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Revolving Loans at any time prior to the Facility Termination Date. The Commitments to extend credit under this Section 2.1.1(a) shall expire on the Facility Termination Date.

(b) Borrowing Procedures. The Borrower Representative shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto, from time to time. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit A (a “Borrowing Notice”) not later than 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate Advance and three Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (1) the name of the applicable Borrower, (2) the Borrowing Date, which shall be a Business Day, of such Advance, (3) the aggregate amount of such Advance, (4) the Type of Advance selected; provided that, if the Borrower Representative fails to specify the Type of Advance requested, such request shall be deemed a request for a Floating Rate Advance; and (5) the duration of the Interest Period if the Type of Advance requested is a Eurodollar Advance; provided that, if the Borrower Representative fails to select the duration of the Interest Period for the requested Eurodollar Advance, the Borrower Representative shall be deemed to have requested on behalf of the applicable Borrower that such Eurodollar Advance be made with an Interest Period of one month.

(c) The Agent’s Election. Promptly after receipt of a Borrowing Notice (or telephonic notice in lieu thereof) of a requested Floating Rate Advance, the Agent shall elect in its discretion to have the terms of Section 2.1.1(d) (pro rata advance by all Lenders), Section 2.1.3 (advance by the Agent, in the form of a Non-Ratable Loan, on behalf of the Lenders) or Section 2.1.4(b) (Swingline Loans) apply to such requested Advance.

(d) Pro Rata Advance. Unless the Agent elects to have the terms of Section 2.1.3 or Section 2.1.4(b) apply to a requested Floating Rate Advance or if a requested Advance is for a Eurodollar Advance, then promptly after receipt of a Borrowing Notice or telephonic notice in lieu thereof as permitted by Section 2.8, the Agent shall notify the Lenders by telecopy, telephone, or e-mail of the requested Advance. Not later than noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving

 

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Loan in funds immediately available in Chicago to the Agent and the Agent will make the funds so received from the Lenders available to the Borrower Representative at the Funding Account as set forth in Section 2.5.

2.1.2. Facility LCs.

(a) Issuance. The LC Issuer hereby agrees, on the terms and conditions set forth in this Agreement, to issue to the Borrower standby and commercial Letters of Credit (each, and each Existing Letter of Credit, a “Facility LC”) and to renew, extend, increase, decrease or otherwise modify each Facility LC (“Modify,” and each such action a “Modification”), from time to time from and including the Effective Date and prior to the Facility Termination Date upon the request of the Borrower Representative for the account of the applicable Borrower; provided that, the maximum face amount of the Facility LC to be issued or Modified does not exceed the lesser of (i) an amount equal to $100,000,000 minus the sum of (1) the aggregate undrawn amount of all outstanding Facility LCs at such time plus, without duplication, (2) the aggregate unpaid Reimbursement Obligations with respect to all Facility LCs outstanding at such time and (ii) Availability; provided further that the LC Obligations in respect of standby Letters of Credit shall not exceed $50,000,000. On the Effective Date, each Existing Letter of Credit shall be deemed to be a Facility LC issued hereunder for the account of the applicable Borrower. No Facility LC (or any renewal thereof) shall have an expiry date later than the earlier of (x) the fifth (5th) Business Day prior to the Facility Termination Date and (y) one year after its issuance; provided that any Letter of Credit with a one-year tenor may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (x) above).

(b) Participations. Upon the issuance or Modification by the LC Issuer of a Facility LC in accordance with this Section 2.1.2, the LC Issuer shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably sold to each Lender, and each Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from the LC Issuer, a participation in such Facility LC (and each Modification thereof) and the related LC Obligations in proportion to its Pro Rata Share.

(c) Notice. Subject to Section 2.1.2(a), the Borrower Representative, on behalf of the applicable Borrower, shall give the LC Issuer notice prior to 10:00 a.m. (Chicago time) at least three Business Days prior to the proposed date of issuance or Modification of each Facility LC, specifying the beneficiary, the proposed date of issuance (or Modification) and the expiry date of such Facility LC, and describing the proposed terms of such Facility LC and the nature of the transactions proposed to be supported thereby. Upon receipt of such notice, the LC Issuer shall promptly notify the Agent, and the Agent shall promptly notify each Lender, of the contents thereof and of the amount of such Lender’s participation in such proposed Facility LC. The issuance or Modification by the LC Issuer of any Facility LC shall, in addition to the conditions precedent set forth in Article IV (the satisfaction of which the LC Issuer shall have no duty to ascertain), be subject to the conditions precedent that such Facility LC shall be reasonably satisfactory to the LC Issuer and that the applicable Borrower shall have executed and delivered such

 

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application agreement and/or such other instruments and agreements relating to such Facility LC as the LC Issuer shall have reasonably requested (each, a “Facility LC Application”). In the event of any conflict between the terms of this Agreement and the terms of any Facility LC Application, the terms of this Agreement shall control.

(d) Administration; Reimbursement by Lenders. Upon receipt from the beneficiary of any Facility LC of any demand for payment under such Facility LC, the LC Issuer shall notify the Agent and the Agent shall promptly notify the Borrower Representative and each other Lender as to the amount to be paid by the LC Issuer as a result of such demand and the proposed payment date (the “LC Payment Date”). The responsibility of the LC Issuer to the Borrower Representative, the Borrower and each Lender shall be only to determine that the documents (including each demand for payment) delivered under each Facility LC in connection with such presentment shall be in conformity in all material respects with such Facility LC. The LC Issuer shall endeavor to exercise the same care in the issuance and administration of the Facility LCs as it does with respect to letters of credit in which no participations are granted, it being understood that in the absence of any gross negligence or willful misconduct by the LC Issuer, each Lender shall be unconditionally and irrevocably liable without regard to the occurrence of any Default or any condition precedent whatsoever, to reimburse the LC Issuer on demand for (i) such Lender’s Pro Rata Share of the amount of each payment made by the LC Issuer under each Facility LC to the extent such amount is not reimbursed by the Borrower pursuant to Section 2.1.2(e) below, plus (ii) interest on the foregoing amount to be reimbursed by such Lender, for each day from the date of the LC Issuer’s demand for such reimbursement (or, if such demand is made after 11:00 a.m. (Chicago time) on such date, from the next succeeding Business Day) to the date on which such Lender pays the amount to be reimbursed by it, at a rate of interest per annum equal to the Federal Funds Effective Rate for the first three days and, thereafter, at a rate of interest equal to the rate applicable to Floating Rate Advances.

(e) Reimbursement by Borrower. The Borrower shall be irrevocably and unconditionally obligated to reimburse the LC Issuer on or before the applicable LC Payment Date for any amounts to be paid by the LC Issuer upon any drawing under any Facility LC, without presentment, demand, protest or other formalities of any kind; provided that, neither the Borrower nor any Lender shall hereby be precluded from asserting any claim for direct (but not consequential) damages suffered by the Borrower or such Lender to the extent, but only to the extent, caused by (i) the willful misconduct or gross negligence of the LC Issuer in determining whether a request presented under any Facility LC issued by it complied with the terms of such Facility LC or (ii) the LC Issuer’s failure to pay under any Facility LC issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Facility LC. All such amounts paid by the LC Issuer and remaining unpaid by the Borrower shall bear interest, payable on demand, for each day until paid at a rate per annum equal to (x) the rate applicable to Floating Rate Advances for such day if such day falls on or before the applicable LC Payment Date and (y) the sum of 2% plus the rate applicable to Floating Rate Advances for such day if such day falls after such LC Payment Date. The LC Issuer will pay to each Lender ratably in accordance with its Pro Rata Share all amounts received by it from the Borrower for application in payment, in whole or in part, of the

 

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Reimbursement Obligation in respect of any Facility LC issued by the LC Issuer, but only to the extent such Lender has made payment to the LC Issuer in respect of such Facility LC pursuant to Section 2.1.2(d). Subject to the terms and conditions of this Agreement (including without limitation the submission of a Borrowing Notice in compliance with Section 2.1.1(b) and the satisfaction of the applicable conditions precedent set forth in Article IV), the Borrower Representative may request an Advance hereunder on behalf of the applicable Borrower for the purpose of satisfying any Reimbursement Obligation.

(f) Obligations Absolute. The Borrower’s obligations under this Section 2.1.2 shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower may have or have had against the LC Issuer, any Lender or any beneficiary of a Facility LC. The Borrower further agrees with the LC Issuer and the Lenders that the LC Issuer and the Lenders shall not be responsible for, and the Borrower’s Reimbursement Obligation in respect of any Facility LC shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even if such documents should in fact prove to be in any or all respects invalid, fraudulent or forged, or any dispute between or among the Borrower, any of its Affiliates, the beneficiary of any Facility LC or any financing institution or other party to whom any Facility LC may be transferred or any claims or defenses whatsoever of the Borrower or of any of its Affiliates against the beneficiary of any Facility LC or any such transferee. The LC Issuer shall not be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Facility LC. The Borrower agrees that any action taken or omitted by the LC Issuer or any Lender under or in connection with each Facility LC and the related drafts and documents, if done without gross negligence or willful misconduct, shall be binding upon the Borrower and shall not put the LC Issuer or any Lender under any liability to the Borrower. Nothing in this Section 2.1.2(f) is intended to limit the right of the Borrower to make a claim against the LC Issuer for damages as contemplated by the proviso to the first sentence of Section 2.1.2(e).

(g) Actions of LC Issuer. The LC Issuer shall be entitled to rely, and shall be fully protected in relying, upon any Facility LC, draft, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document believed by it (in its Permitted Discretion) to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel, independent accountants and other experts selected by the LC Issuer. The LC Issuer shall be fully justified in failing or refusing to take any action under this Agreement unless it shall first have received such advice or concurrence of the Required Lenders as it reasonably deems appropriate or it shall first be indemnified to its reasonable satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Notwithstanding any other provision of this Section 2.1.2, the LC Issuer shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement in accordance with a request of the Required Lenders, and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lenders and any future holders of a participation in any Facility LC.

 

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(h) Indemnification. The Borrower hereby agrees to indemnify and hold harmless each Lender, the LC Issuer and the Agent, and their respective directors, officers, agents and employees from and against any and all claims and damages, losses, liabilities, costs or expenses which such Lender, the LC Issuer or the Agent may incur (or which may be claimed against such Lender, the LC Issuer or the Agent by any Person whatsoever) by reason of or in connection with the issuance, execution and delivery or transfer of or payment or failure to pay under any Facility LC or any actual or proposed use of any Facility LC, including, without limitation, any claims, damages, losses, liabilities, costs or expenses which the LC Issuer may incur by reason of or in connection with (i) the failure of any other Lender to fulfill or comply with its obligations to the LC Issuer hereunder (but nothing herein contained shall affect any rights the Borrower may have against any Defaulting Lender) or (ii) by reason of or on account of the LC Issuer issuing any Facility LC which specifies that the term “Beneficiary” included therein includes any successor by operation of law of the named Beneficiary, but which Facility LC does not require that any drawing by any such successor Beneficiary be accompanied by a copy of a legal document, satisfactory to the LC Issuer (in its Permitted Discretion), evidencing the appointment of such successor Beneficiary; provided that, the Borrower shall not be required to indemnify any Lender, the LC Issuer or the Agent for any claims, damages, losses, liabilities, costs or expenses to the extent, but only to the extent, caused by (x) the willful misconduct or gross negligence of the LC Issuer in determining whether a request presented under any Facility LC complied with the terms of such Facility LC or (y) the LC Issuer’s failure to pay under any Facility LC after the presentation to it of a request strictly complying with the terms and conditions of such Facility LC. Nothing in this Section 2.1.2(h) is intended to limit the obligations of the Borrower under any other provision of this Agreement.

(i) Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify the LC Issuer, its Affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the Borrower) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such indemnitees’ gross negligence or willful misconduct or the LC Issuer’s failure to pay under any Facility LC after the presentation to it of a request strictly complying with the terms and conditions of the Facility LC) that such indemnitees may suffer or incur in connection with this Section 2.1.2 or any action taken or omitted by such indemnitees hereunder.

(j) Facility LC Collateral Account. The Borrower agrees that it will, upon the request of the Agent or the Required Lenders and until the final expiration date of any Facility LC and thereafter as long as any amount is payable to the LC Issuer or the Lenders in respect of any Facility LC, maintain a special collateral account pursuant to arrangements satisfactory to the Agent in its Permitted Discretion (the “Facility LC Collateral Account”) at the Agent’s office at the address specified pursuant to Article XIII, in the name of the Borrower but under the sole dominion and control of the Agent, for the benefit of the Lenders and in which the Borrower shall have no interest other than

 

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as set forth in Section 8.1. Nothing in this Section 2.1.2(j) shall either obligate the Agent to require the Borrower to deposit any funds in the Facility LC Collateral Account or limit the right of the Agent to release any funds held in the Facility LC Collateral Account in each case other than as required by Section 8.1. The Borrower hereby pledges, assigns and grants to the Agent, on behalf of and for the ratable benefit of the Lenders and the LC Issuer, a security interest in all of the Borrower’s right, title and interest in and to all funds which may from time to time be on deposit in the Facility LC Collateral Account to secure the prompt and complete payment and performance of the Secured Obligations. The Agent will invest any funds on deposit from time to time in the Facility LC Collateral Account in certificates of deposit of Chase having a maturity not exceeding thirty days.

(k) Rights as a Lender. In its capacity as a Lender, the LC Issuer shall have the same rights and obligations as any other Lender.

(l) Termination of the Facility. If, notwithstanding the provisions of this Section 2.1.2, any Facility LC is outstanding upon the earlier of (x) the termination of this Agreement and (y) the Facility Termination Date, then upon such termination the Borrower shall deposit with the Agent, for the benefit of the Agent and the Lenders, with respect to all LC Obligations, as the Agent in its discretion shall specify, either (i) a standby letter of credit (a “Supporting Letter of Credit”), in form and substance satisfactory to the Agent (in its Permitted Discretion), issued by an issuer satisfactory to the Agent (in its Permitted Discretion), in a stated amount equal to 105% of the difference of (x) the amount of LC Obligations at such time, less (y) the amount on deposit in the Facility LC Collateral Account at such time which is free and clear of all rights and claims of third parties and has not been applied against the Obligations (such difference, the “Collateral Shortfall Amount”), under which Supporting Letter of Credit the Agent is entitled to draw amounts necessary to reimburse the Agent, the LC Issuer and the Lenders for payments to be made by the Agent, the LC Issuer and the Lenders under any such Facility LC and any fees and expenses associated with such Facility LC, or (ii) cash, in immediately available funds, in an amount equal to 105% of the Collateral Shortfall Amount to be held in the Facility LC Collateral Account. Such Supporting Letter of Credit or deposit of cash shall be held by the Agent, for the benefit of the Agent and the Lenders, as security for, and to provide for the payment of, the aggregate undrawn amount of such Facility LC remaining outstanding.

2.1.3. Non-Ratable Loans. Subject to the restrictions set forth in Section 2.1.1(a), the Agent may elect to have the terms of this Section 2.1.3 apply to any requested Floating Rate Advance and Chase shall thereafter make an Advance, on behalf of the Lenders and in the amount requested, available to the Borrower on the applicable Borrowing Date by transferring same day funds to the Funding Account. Each Advance made solely by the Agent pursuant to this Section 2.1.3 is referred to in this Agreement as a “Non-Ratable Loan,” and such Advances are referred to as the “Non-Ratable Loans.” Each Non-Ratable Loan shall be subject to all the terms and conditions applicable to other Advances funded by the Lenders, except that all payments thereon shall be payable to Chase solely for its own account. The aggregate amount of Non-Ratable Loans outstanding at

 

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any time shall not exceed $20,000,000. The Agent shall not make any Non-Ratable Loan if the requested Non-Ratable Loan exceeds Availability (before giving effect to such Non-Ratable Loan). Non-Ratable Loans may be made even if a Default or Unmatured Default exists, but may not be made if the conditions precedent set forth in Section 4.2 (other than Section 4.2(a)) have not been satisfied. The Non-Ratable Loans shall be secured by the Liens granted to the Agent in and to the Collateral and shall constitute Obligations hereunder. All Non-Ratable Loans shall be Floating Rate Advances and are subject to the settlement provisions set forth in Section 2.19.

2.1.4. Protective Advances, Swingline Loans and Overadvances.

(a) Protective Advances. Subject to the limitations set forth below, the Agent is authorized by the Borrower and the Lenders, from time to time in the Agent’s sole discretion (but shall have absolutely no obligation to), to make Advances, on behalf of all Lenders, in an aggregate amount outstanding at any time that, when added to the aggregate amount of Overadvances outstanding at such time, does not exceed 5% of the Aggregate Commitment at such time, which the Agent, in its Permitted Discretion, deems necessary or desirable (i) to preserve or protect the Collateral, or any portion thereof, (ii) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (iii) to pay any other amount chargeable to or required to be paid by the Borrower pursuant to the terms of this Agreement, including costs, fees, and expenses as described in Section 9.6 (any of such Advances are herein referred to as “Protective Advances”); provided that, no Protective Advance shall cause the Aggregate Credit Exposure to exceed the Aggregate Commitment. Protective Advances may be made even if the conditions precedent set forth in Section 4.2 have not been satisfied. The Protective Advances shall be secured by the Liens in favor of the Agent in and to the Collateral and shall constitute Obligations hereunder. All Protective Advances shall be Floating Rate Advances, shall bear interest at the default rate set forth in Section 2.12 and shall be payable on the earlier of demand or the Facility Termination Date. The Required Lenders may at any time revoke the Agent’s authorization to make Protective Advances. Any such revocation must be in writing and shall become effective prospectively upon the Agent’s receipt thereof. At any time that there is sufficient Availability and the conditions precedent set forth in Section 4.2 have been satisfied, the Agent may request the Lenders to make a Revolving Loan to repay a Protective Advance. At any other time the Agent may require the Lenders to fund their risk participations described in Section 2.2.

(b) Swingline Loans. Subject to the terms and conditions set forth herein, the Agent is authorized by the Borrower and the Lenders, from time to time in the Agent’s sole discretion (but shall have absolutely no obligation to), to make Swingline Loans, on behalf of all Lenders, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $15,000,000 or (ii) the Aggregate Credit Exposure exceeding the lesser of the (x) Aggregate Commitment and (y) the Borrowing Base; provided that the Agent shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans. To request a Swingline Loan, the Borrower shall notify the Agent of such request by telephone (confirmed by facsimile),

 

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not later than 11:00 a.m., Chicago time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and amount of the requested Swingline Loan. The Agent shall make each Swingline Loan available to the Borrower by means of a credit to the Funding Account (or, in the case of a Swingline Loan made to finance the reimbursement of a Facility LC as provided in Section 2.1.2(e), by remittance to the LC Issuer, and in the case of repayment of another Loan or fees or expenses as provided herein, by remittance to the Agent to be distributed to the Lenders) by 2:00 p.m., Chicago time, on the requested date of such Swingline Loan. All Swingline loans shall be Floating Rate Advances, shall bear interest at the default rate set forth in Section 2.12 and shall be payable on the earlier of demand or the Facility Termination Date.

The Agent may require the Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans outstanding. In such event, the Agent shall give the Lenders notice, specifying the aggregate amount of Swingline Loans in which Lenders will participate, as well as each Lender’s Pro Rata Share of such Swingline Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Agent such Lender’s Pro Rata Share of such Swingline Loan or Loans. Each Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by transfer of immediately available funds, in the same manner as provided in Section 2.1.1(d) (and Section 2.1.1(d) shall apply, mutatis mutandis, to the payment obligations of the Lenders). Any amounts received by the Agent from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Agent of the proceeds of a sale of participations therein shall be promptly remitted by the Agent to the Lenders that shall have made their payments pursuant to this paragraph or retained by the Agent, as their interests may appear; provided that any such payment so remitted shall be repaid to the Agent if and to the extent such payment is required to be refunded to the Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof.

(c) Overadvances. Any provision of this Agreement to the contrary notwithstanding, at the request of the Borrower Representative on behalf of the Borrower, the Agent may in its sole discretion (but shall have absolutely no obligation to), make Advances to the Borrower Representative (for the account of the Borrower), on behalf of the Lenders, in amounts that exceed Availability (any such excess Advances are herein referred to collectively as “Overadvances”); provided that, (i) no such event or occurrence shall cause or constitute a waiver of the Agent’s or Lenders’ right to refuse to make any further Swingline Loans, Overadvances, Revolving Loans or Non-Ratable Loans, or issue Facility LCs, as the case may be, at any time that an Overadvance exists, (ii) no Overadvance shall result in a Default or Unmatured Default due to the Borrower’s failure to comply with Section 2.1.1(a) for so long as the Agent permits such

 

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Overadvance to remain outstanding, but solely with respect to the amount of such Overadvance and (iii) the aggregate amount of Overadvances outstanding at any time, when added to the aggregate amount of Protective Advances outstanding at such time, shall not exceed 5% of the Aggregate Commitment at such time. In addition, Overadvances may be made even if a Default or Unmatured Default exists, but may not be made if the conditions precedent set forth in Section 4.2 have not been satisfied (other than the condition regarding Availability and other than Section 4.2(a)). All Overadvances shall constitute Floating Rate Advances, shall bear interest at the default rate set forth in Section 2.12, shall be payable on the earlier of demand or the Facility Termination Date and are subject to the settlement provisions set forth in Section 2.19. The authority of the Agent to make Overadvances is limited to an aggregate amount not to exceed 5% of the Borrowing Base at any time, no Overadvance may remain outstanding for more than thirty days and no Overadvance shall cause any Lender’s Credit Exposure to exceed its Commitment or the Aggregate Credit Exposure to exceed the Aggregate Commitment; provided that, the Required Lenders may at any time revoke the Agent’s authorization to make Overadvances. Any such revocation must be in writing and shall become effective prospectively upon the Agent’s receipt thereof.

2.2. Ratable Loans; Risk Participation. Except as otherwise provided below, each Advance made in connection with a Revolving Loan shall consist of Loans made by each Lender in an amount equal to such Lender’s Pro Rata Share. Upon the making of an Advance by the Agent in connection with a Non-Ratable Loan, a Swingline Loan, an Overadvance or a Protective Advance (whether before or after the occurrence of a Default or an Unmatured Default and regardless of whether the Agent has requested a Settlement with respect to such Non-Ratable Loan, Swingline Loan, Overadvance or Protective Advance), the Agent shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably sold to each Lender and each Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from the Agent, without recourse or warranty, an undivided interest and participation in such Non-Ratable Loan, Swingline Loan, Overadvance or Protective Advance in proportion to its Pro Rata Share of the Aggregate Commitment. From and after the date, if any, on which any Lender is required to fund its participation in any Non-Ratable Loan, Swingline Loan, Overadvance or Protective Advance purchased hereunder, the Agent shall promptly distribute to such Lender, such Lender’s Pro Rata Share of all payments of principal and interest and all proceeds of Collateral received by the Agent in respect of such Loan.

2.3. Payment of the Obligations. The Borrower shall repay the outstanding principal balance of the Loans, together with all other Obligations, including all accrued and unpaid interest thereon, on the Facility Termination Date.

2.4. Minimum Amount of Each Advance. Each Eurodollar Advance shall be in the minimum amount of $5,000,000 and in multiples of $1,000,000 if in excess thereof. Floating Rate Advances may be in any amount.

 

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2.5. Funding Account. The Borrower Representative shall deliver to the Agent, on the Effective Date, a notice setting forth the deposit account of the Borrower Representative (the “Funding Account”) to which the Agent is authorized by the Borrower to transfer the proceeds of any Advances requested pursuant to this Agreement. The Borrower Representative may designate a replacement Funding Account from time to time by written notice to the Agent. Any designation by the Borrower Representative of the Funding Account must be reasonably acceptable to the Agent.

2.6. Reliance Upon Authority; No Liability. The Agent is entitled to rely conclusively on any individual’s request for Advances hereunder, so long as the proceeds thereof are to be transferred to the Funding Account. The Agent shall have no duty to verify the identity of any individual representing himself or herself as a person authorized by the Borrower to make such requests on their behalf. The Agent shall not incur any liability to the Borrower as a result of acting upon any notice referred to in Section 2.1 which the Agent reasonably believes to have been given by an officer or other person duly authorized by the Borrower to request Advances on their behalf or for otherwise acting under this Agreement. The crediting of Advances to the Funding Account shall conclusively establish the obligation of the Borrower to repay such Advances as provided herein.

2.7. Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on behalf of the applicable Borrower. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying (i) the requested date, which shall be a Business Day, of such conversion or continuation, (ii) the aggregate amount and Type of the Advance which is to be converted or continued, and (iii) the amount of such Advance which is to be converted into or continued as a Eurodollar Advance and the duration of the Interest Period applicable thereto.

 

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2.8. Telephonic Notices. The Borrower hereby authorizes the Lenders and the Agent to extend, convert or continue Advances, effect selections of Types of Advances and to transfer funds based on telephonic notices made by any person or persons the Agent or any Lender in good faith believes to be acting on behalf of the Borrower Representative, it being understood that the foregoing authorization is specifically intended to allow Borrowing Notices and Conversion/Continuation Notices to be given telephonically. The Borrower Representative agrees to deliver promptly to the Agent a written confirmation, if such confirmation is requested by the Agent or any Lender, of each telephonic notice signed by an Authorized Officer of the Borrower Representative. If the written confirmation differs in any material respect from the action taken by the Agent and the Lenders, the records of the Agent and the Lenders shall govern absent manifest error.

2.9. Notification of Advances, Interest Rates and Repayments. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. Promptly after notice from the LC Issuer, the Agent will notify each Lender of the contents of each request for issuance of a Facility LC hereunder or any Modification. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

2.10. Fees.

(a) Unused Commitment Fee. The Borrower agrees to pay to the Agent, for the account of each Lender in accordance with such Lender’s Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Commitment, such fee to be payable in arrears on each Payment Date hereafter and on the Facility Termination Date (the “Unused Commitment Fee”).

(b) LC Fees. The Borrower shall pay to the Agent, for the account of the Lenders ratably in accordance with their respective Pro Rata Shares, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time on the average daily undrawn stated amount under each Facility LC, such fee to be payable in arrears on each Payment Date (the “LC Fee”). The Borrower shall also pay to the LC Issuer for its own account (x) a fronting fee of 0.125% per annum of the face amount of the Facility LC, based on average daily undrawn amounts under each Facility LC and payable in arrears on each Payment Date, and (y) documentary and processing charges in connection with the issuance or Modification of and draws under Facility LCs in accordance with the LC Issuer’s standard schedule for such charges as in effect from time to time.

(c) Agent and Arranger Fees. The Borrower agrees to pay all fees and expenses payable to the Agent, Arrangers and Lenders.

 

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2.11. Interest Rates. Each Floating Rate Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.7, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.7 hereof, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Agent as applicable to such Eurodollar Advance based upon the Borrower Representative’s selections under Sections 2.1.1 and 2.7 and otherwise in accordance with the terms hereof. No Interest Period may end after the Facility Termination Date. If at any time Loans are outstanding with respect to which the Borrower Representative has not delivered a notice to the Agent specifying the basis for determining the interest rate applicable thereto, those Loans shall bear interest at the Floating Rate.

2.12. Eurodollar Advances Post Default; Default Rates. Notwithstanding anything to the contrary contained hereunder, during the continuance of a Default or Unmatured Default the Agent or the Required Lenders may, at their option, by notice to the Borrower Representative (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.3 requiring unanimous consent of the Lenders to reductions in interest rates), declare that no Advance may be made as, converted into or continued as a Eurodollar Advance. During the continuance of a default in the payment of the principal, interest or any other amount due hereunder or under another Loan Document, the Agent or the Required Lenders may, at their option, by notice to the Borrower Representative (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.3 requiring unanimous consent of the Lenders to reductions in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the rate otherwise applicable to such Interest Period plus 2% per annum, (ii) each Floating Rate Advance shall bear interest at a rate per annum equal to the Floating Rate in effect from time to time plus 2% per annum and (iii) the LC Fee shall be increased by 2% per annum, provided that, during the continuance of a Default under subsection (f) or (g) of Article VII, the interest rates set forth in clauses (i) and (ii) above and the increase in the LC Fee set forth in clause (iii) above shall be applicable to all Credit Extensions without any election or action on the part of the Agent or any Lender.

2.13. Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof and at maturity. Interest accrued on each Eurodollar Advance shall be payable on each Payment Date. Interest on all Advances, Unused Commitment Fees and LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year (or 365/366 days, in the case of Loans the interest rate payable on which is based on the Prime Rate). Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall

 

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become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with such payment. After giving effect to any Loan, Advance, continuation, or conversion of any Eurodollar Rate Loan, there may not be more than six different Interest Periods in effect hereunder.

2.14. Voluntary Prepayments. Subject to Section 2.25, the Borrower may from time to time prepay, but without penalty or premium, all or any portion of the outstanding Floating Rate Advances. The Borrower may also from time to time prepay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Eurodollar Advances upon three Business Days’ prior notice to the Agent.

2.15. Mandatory Prepayments

(a) Borrowing Base Compliance. Except for Overadvances permitted pursuant to Section 2.1.4(c), the applicable Borrower shall immediately repay the Revolving Loans, Swingline Loans, Reimbursement Obligations and/or Non-Ratable Loans (and, if required, cash collateralize any undrawn Facility LC in the manner contemplated in Section 2.1.2(j)) if at any time the Aggregate Credit Exposure exceeds the lesser of (i) the Aggregate Commitment and (ii) the Borrowing Base (or, until the 2010 Parent Notes are discharged or defeased in accordance with Section 8.1 of the 2010 Parent Indenture, the amount permitted under and calculated in accordance with the definition of “Borrowing Base” in the 2010 Parent Indenture) to the extent required to eliminate such excess.

(b) Sale of Assets. (i) Except as set forth in Section 2.15(b)(ii), immediately upon receipt by the General Partner, the Borrower or any of its Subsidiaries of the Net Cash Proceeds of any asset disposition (other than (A) sales of inventory in the ordinary course of business and (B) up to $10,000,000 per Fiscal Year of Net Cash Proceeds from sales of obsolete or worn-out property in the ordinary course of business), the General Partner or applicable Borrower shall prepay the Obligations, or shall cause the applicable Subsidiary to deliver funds to the Agent for application to the Obligations, in an amount equal to all such Net Cash Proceeds. Any such prepayment shall be applied first, to pay the principal of the Overadvances and Protective Advances, second, to pay the principal of the Non-Ratable Loans and third, to pay the principal of the Revolving Loans (including the Swingline Loans) without a concomitant reduction in the Aggregate Commitment.

(ii) So long as the 2010 Parent Indenture is in effect, notwithstanding Section 2.15(b)(i), if (x) the Borrower Representative delivers to the Agent a Reinvestment Notice with respect to an asset disposition and (y) the Reinvestment Deferred Amount related thereto is deposited in a deposit account located at, and subject to control agreements in favor of, the Agent, then such Reinvestment Deferred Amount may be (i) used to consummate Permitted Acquisitions and/or (ii) reinvested to acquire assets useful in the Borrower’s business (other than current assets); provided that on each

 

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Reinvestment Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to the relevant asset disposition shall be applied toward the prepayment of the Obligations as set forth in Section 2.15(b)(i).

(c) Issuance of Debt or Equity. If any Loan Party or any of its respective Subsidiaries issues Capital Stock or Indebtedness (other than Indebtedness permitted by Sections 6.17(a),(c), (d), (e), (f), (g), (h), (j) and (k)), no later than the Business Day following the date of receipt of any Net Cash Proceeds of such issuance or receipt of such dividend, distribution, loan or advance, the Borrower, or applicable Loan Party, shall prepay the Obligations in an amount equal to all such Net Cash Proceeds. Any such prepayment shall be applied first, to pay the principal of the Overadvances and Protective Advances, second, to pay the principal of the Non-Ratable Loans and third, to pay the principal of the Revolving Loans (including the Swingline Loans) without a concomitant reduction in the Aggregate Commitment. Notwithstanding the foregoing, so long as the 2010 Parent Indenture is in effect, all or any portion of any Net Cash Proceeds of any such issuance that is deposited in a deposit account located at, and subject to control agreements in favor of, the Agent may be (i) used to consummate Permitted Acquisitions and/or (2) reinvested to repair, rebuild or purchase replacement property, in each case within 12 months after the receipt of such Net Cash Proceeds, and if not so used or reinvested within such period, shall be applied as set forth in the first sentence of this Section 2.15(c).

(d) Insurance/Condemnation Proceeds. Any insurance or condemnation proceeds to be applied to the Obligations in accordance with Section 6.7(d) shall be applied as follows: (i) insurance proceeds from casualties or losses to cash or Inventory shall be applied, first, to the Overadvances and Protective Advances, pro rata, second, to the Non-Ratable Loans, third, to the Revolving Loans (including the Swingline Loans), and fourth, to cash collateralize outstanding Facility LCs; and (ii) insurance or condemnation proceeds from casualties or losses to Equipment, Fixtures and real Property shall be applied first, to pay the principal of the Overadvances and Protective Advances, second, to pay the principal of the Non-Ratable Loans and third, to pay the principal of the Revolving Loans (including Swingline Loans). The Aggregate Commitment shall not be permanently reduced by the amount of any such prepayments. If the precise amount of insurance or condemnation proceeds allocable to Inventory as compared to Equipment, Fixtures and real Property is not otherwise determined, the allocation and application of those proceeds shall be determined by the Agent, in its Permitted Discretion. Notwithstanding the foregoing, so long as the 2010 Parent Indenture is in effect, all or any portion of such insurance or condemnation proceeds that is deposited in a deposit account located at, and subject to control agreements in favor of, the Agent may be (i) used to consummate Permitted Acquisitions and/or (2) reinvested to repair, rebuild or purchase replacement property, in each case within 12 months after the receipt of such proceeds, and if not so used or reinvested within such period, shall be applied as set forth in the first sentence of this Section 2.15(d).

(e) General. Without in any way limiting the foregoing, immediately upon receipt by any Loan Party of proceeds of any sale of any Collateral, the Borrower shall cause such Loan Party to deliver such proceeds to the Agent, or deposit such proceeds in

 

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a deposit account subject to a Deposit Account Control Agreement. All of such proceeds shall be applied as set forth above or otherwise as provided in Section 2.18. Nothing in this Section 2.15 shall be construed to constitute Agent’s or any Lender’s consent to any transaction that is not permitted by other provisions of this Agreement or the other Loan Documents.

2.16. Termination of the Commitments; Increase in Aggregate Commitment

(a) Without limiting Section 2.3 or Section 8.1, (a) the Aggregate Commitment shall expire on the Facility Termination Date and (b) the Aggregate Credit Exposure and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

(b) The Borrower may terminate this Agreement with at least five Business Days’ prior written notice thereof to the Agent and the Lenders, upon (i) the payment in full of all outstanding Loans, together with accrued and unpaid interest thereon, (ii) the cancellation and return of all outstanding Facility LCs (or alternatively, with respect to each such Facility LC, the furnishing to the Agent of a cash deposit or Supporting Letter of Credit as required by Section 2.1.2(l)), (iii) the payment in full of all reimbursable expenses and other Obligations together with accrued and unpaid interest thereon, and (iv) the payment in full of any amount due under Section 3.4.

(c) The Borrower shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either from one or more of the Lenders or another lending institution provided that (i) any such request for an increase shall be in a minimum amount of $25,000,000, (ii) the Aggregate Commitment does not exceed $400,000,000, (iii) the Borrower may make a maximum of two such requests, (iv) the Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (v) any such new Lender assumes all of the rights and obligations of a “Lender” hereunder, and (vi) the procedures described in Section 2.16(d) have been satisfied.

(d) Any amendment hereto to effect such an increase or addition shall be in form and substance satisfactory to the Agent and shall only require the written signatures of the Agent, the Borrower and the Lender(s) being added or increasing their Commitment. As a condition precedent to such an increase, Borrower shall deliver to the Agent a certificate of each Loan Party (in sufficient copies for each Lender) signed by an authorized officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of the Borrower, certifying that, before and after giving effect to such increase, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and (B) no Default or Unmatured Default exists. Promptly following the effectiveness of any such amendment, the Agent will provide a copy thereof to the Lenders.

 

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(e) Within a reasonable time after the effective date of any increase, the Agent shall, and is hereby authorized and directed to, revise the Commitments set forth on Schedule I hereto to reflect such increase and shall distribute such revised schedule to each of the Lenders and the Borrower, whereupon such revised schedule shall replace the old schedule and become part of this Agreement. On the Business Day on which any such increase becomes effective, all outstanding Floating Rate Advances and Eurodollar Advances shall be reallocated among the Lenders (including any newly added Lenders) in accordance with the Lenders’ respective revised Pro Rata Shares (and shall be deemed repaid in connection with any such reallocation).

2.17. Method of Payment

(a) All payments of the Obligations hereunder shall be made, without setoff, deduction, or counterclaim, in immediately available funds to the Agent at the Agent’s address specified pursuant to Article XIII, or at any other Lending Installation of the Agent specified in writing by the Agent to the Borrower Representative, by noon (local time) on the date when due and shall be applied ratably by the Agent among the Lenders. Any payment received by the Agent after such time shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue. Solely for purposes of determining the amount of Loans available for borrowing purposes, checks and cash or other immediately available funds from collections of items of payment and proceeds of any Collateral shall be applied in whole or in part against the Obligations, on the day of receipt, subject to actual collection. Each payment delivered to the Agent for the account of any Lender shall be delivered promptly by the Agent to such Lender in the same type of funds that the Agent received at its address specified pursuant to Article XIII or at any Lending Installation specified in a notice received by the Agent from such Lender.

(b) At the election of the Agent, all payments of principal, interest, reimbursement obligations in connection with Facility LCs, fees, premiums, reimbursable expenses (including, without limitation, all reimbursement for fees and expenses pursuant to Section 9.6), and other sums payable under the Loan Documents, may be paid from the proceeds of Advances made hereunder whether made following a request by the Borrower Representative pursuant to Section 2.1 or a deemed request as provided in this Section 2.17 or may be deducted from the Funding Account or any other deposit account of the Borrower maintained with the Agent. The Borrower hereby irrevocably authorizes (i) the Agent to make an Advance for the purpose of paying each payment of principal, interest and fees as it becomes due hereunder or any other amount due under the Loan Documents and agrees that all such amounts charged shall constitute Loans (including Non-Ratable Loans, Swingline Loans, Overadvances and Protective Advances) and that all such Advances shall be deemed to have been requested pursuant to Section 2.1 and (ii) the Agent to charge the Funding Account or any other deposit account of the Borrower maintained with Chase for each payment of principal, interest and fees as it becomes due hereunder or any other amount due under the Loan Documents.

 

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2.18. Apportionment, Application, and Reversal of Payments. Except as otherwise required pursuant to Section 2.19, principal and interest payments shall be apportioned ratably among the Lenders as set forth in this Article II and payments of the fees shall, as applicable, be apportioned ratably among the Lenders, except for fees payable solely to the Agent or the LC Issuer and except as provided in Section 2.10(c). All payments shall be remitted to the Agent and all such payments not relating to principal or interest of specific Loans or not constituting payment of specific fees as specified by the Borrower Representative, and all proceeds of any Collateral received by the Agent, shall be applied, ratably, subject to the provisions of this Agreement, first, to pay any fees, indemnities, or expense reimbursements including amounts then due to the Agent from the Borrower (other than in connection with Rate Management Transactions and Banking Services), second, to pay any fees or expense reimbursements then due to the Lenders from the Borrower (other than in connection with Rate Management Transactions and Bank Services), third, to pay interest due in respect of the Overadvances and Protective Advances, fourth, to pay the principal of the Overadvances and Protective Advances, fifth, to pay interest due in respect of the Non-Ratable Loans, sixth, to pay interest due in respect of the Revolving Loans and Swingline Loans (other than Non-Ratable Loans, Overadvances and Protective Advances), seventh, to pay or prepay principal of the Non-Ratable Loans, eighth, to pay or prepay principal of the Revolving Loans and Swingline Loans (other than Non-Ratable Loans, Overadvances and Protective Advances) and unpaid reimbursement obligations in respect of Facility LCs, ninth, to pay an amount to the Agent equal to one hundred five percent (105%) of the aggregate undrawn face amount of all outstanding Facility LCs and the aggregate amount of any unpaid reimbursement obligations in respect of Facility LCs, to be held as cash collateral for such Obligations, tenth, to payment of any amounts owing with respect to obligations of the Loan Parties in respect of any Rate Management Transactions (including Commodity Hedging Agreements) and Banking Services that are secured by the Collateral, and eleventh, to the payment of any other Secured Obligation due to the Agent or any Lender by the Borrower. Notwithstanding anything to the contrary contained in this Agreement, unless so directed by the Borrower Representative, or unless a Default is in existence, neither the Agent nor any Lender shall apply any payment which it receives to any Eurodollar Loan, except (a) on the expiration date of the Interest Period applicable to any such Eurodollar Loan or (b) in the event, and only to the extent, that there are no outstanding Floating Rate Loans and, in any event, the Borrower shall pay the Eurodollar breakage losses in accordance with Section 3.4. The Agent and the Lenders shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Secured Obligations.

2.19. Settlement. Each Lender’s funded portion of the Loans is intended by the Lenders to be equal at all times to such Lender’s Pro Rata Share of the outstanding Loans. Notwithstanding such agreement, the Agent, Chase, and the Lenders agree (which agreement shall not be for the benefit of or enforceable by the Loan Parties) that in order to facilitate the administration of this Agreement and the other Loan Documents, settlement among them as to the Loans, including the Non-Ratable Loans, Swingline Loans and Overadvances shall take place on a periodic basis as follows. The Agent shall request settlement (a “Settlement”) with the Lenders on at least a weekly basis, or on a more frequent basis at the Agent’s election, by notifying the Lenders of such requested Settlement by telecopy, telephone, or e-mail no later than 12:00 noon (Chicago time) on the date of such requested Settlement (the “Settlement Date”). Each Lender (other than

 

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the Agent, in the case of the Non-Ratable Loans, Swingline Loans and Overadvances) shall transfer the amount of such Lender’s Pro Rata Share of the outstanding principal amount of the applicable Loan with respect to which Settlement is requested to the Agent, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (Chicago time), on the Settlement Date applicable thereto. Settlements may occur during the existence of a Default or an Unmatured Default and whether or not the applicable conditions precedent set forth in Section 4.2 have then been satisfied. Such amounts transferred to the Agent shall be applied against the amounts of the applicable Loan and, together with Chase’s Pro Rata Share of such Non-Ratable Loan, Swingline Loan or Overadvance, shall constitute Revolving Loans of such Lenders, respectively. If any such amount is not transferred to the Agent by any Lender on the Settlement Date applicable thereto, the Agent shall be entitled to recover such amount on demand from such Lender together with interest thereon as specified in Section 2.23.

2.20. Indemnity for Returned Payments. If after receipt of any payment which is applied to the payment of all or any part of the Obligations, the Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason, then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Agent or such Lender and the Borrower shall be liable to pay to the Agent and the Lenders, and the Borrower hereby indemnifies the Agent and the Lenders and holds the Agent and the Lenders harmless for the amount of such payment or proceeds surrendered. The provisions of this Section 2.20 shall be and remain effective notwithstanding any contrary action which may have been taken by the Agent or any Lender in reliance upon such payment or application of proceeds, and any such contrary action so taken shall be without prejudice to the Agent’s and the Lenders’ rights under this Agreement and shall be deemed to have been conditioned upon such payment or application of proceeds having become final and irrevocable. The provisions of this Section 2.20 shall survive the termination of this Agreement.

2.21. Noteless Agreement; Evidence of Indebtedness.

(a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

(b) The Agent shall also maintain accounts in which it will record (i) the amount of each Loan extended hereunder, the Type thereof, the name of the Borrower who requested such Loan and the Interest Period with respect thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder, (iii) the original stated amount of each Facility LC and the amount of LC Obligations outstanding at any time, and (iv) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof.

 

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(c) The entries maintained in the accounts maintained pursuant to paragraphs (a) and (b) above shall, absent manifest error, be prima facie evidence of the existence and amounts of the Obligations therein recorded; provided however, that the failure of the Agent or any Lender to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Obligations in accordance with their terms. The Agent shall, in accordance with its regular practice, deliver to the Borrower periodic statements with respect to the accounts maintained pursuant to paragraphs (a) and (b) above.

(d) Any Lender may request that its Revolving Loans be evidenced by a promissory note in substantially the form of Exhibit C (a “Note”). In such event, the Borrower shall prepare, execute and deliver to such Lender such Note payable to the order of such Lender. Thereafter, the Revolving Loans evidenced by such Note and interest thereon shall at all times (prior to any assignment pursuant to Section 12.3) be represented by one or more Notes payable to the order of the payee named therein, except to the extent that any such Lender subsequently returns any such Note for cancellation and requests that such Revolving Loans once again be evidenced as described in paragraphs (a) and (b) above.

2.22. Lending Installations. Each Lender may book its Loans and its participation in any LC Obligations and the LC Issuer may book the Facility LCs at any Lending Installation selected by such Lender or the LC Issuer, as the case may be, and may change its Lending Installation from time to time; provided, however, such selection shall not increase, if otherwise reasonably avoidable, the Borrower’s costs under Article III. All terms of this Agreement shall apply to any such Lending Installation and the Loans, Facility LCs, Reimbursement Obligations and any Notes issued hereunder shall be deemed held by each Lender or the LC Issuer, as the case may be, for the benefit of any such Lending Installation. Each Lender and the LC Issuer may, by written notice to the Agent and the Borrower Representative in accordance with Article XIII, designate replacement or additional Lending Installations through which Loans will be made by it or Facility LCs will be issued by it and for whose account Loan payments or payments with respect to Facility LCs are to be made.

2.23. Non-Receipt of Funds by the Agent; Defaulting Lenders.

(a) Unless the Borrower Representative or a Lender, as the case may be, notifies the Agent prior to the date on which it is scheduled to make payment to the Agent of (i) in the case of a Lender, the proceeds of a Loan or (ii) in the case of the Borrower, a payment of principal, interest or fees to the Agent for the account of the Lenders, that it does not intend to make such payment, the Agent may assume that such payment has been made. The Agent may, but shall not be obligated to, make the amount of such payment available to the intended recipient in reliance upon such assumption. If such

 

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Lender or the Borrower, as the case may be, has not in fact made such payment to the Agent, the recipient of such payment shall, on demand by the Agent, repay to the Agent the amount so made available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Agent until the date the Agent recovers such amount at a rate per annum equal to (x) in the case of payment by a Lender, the Federal Funds Effective Rate for such day for the first three days and, thereafter, the interest rate applicable to the relevant Loan or (y) in the case of payment by the Borrower, the interest rate applicable to the relevant Loan.

(b) Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:

(i) fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant to Section 2.10(a);

(ii) the Commitment and Credit Exposure of such Defaulting Lender shall not be included in determining whether all Lenders or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 8.3), provided that any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender which affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender;

(c) If any exposure in respect of Swingline Loans or Letters of Credit (“Swingline Exposure” and “LC Exposure”, respectively) exists at the time a Lender becomes a Defaulting Lender then:

(i) all or any part of such exposure shall be reallocated among the non-Defaulting Lenders in accordance with their respective Pro Rata Share but only to the extent (x) the sum of all non-Defaulting Lenders’ Credit Exposures plus such Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the total of all non-Defaulting Lenders’ Commitments and (y) the conditions set forth in Section 4.2 are satisfied at such time;

(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall within one Business Day following notice by the Agent (x) first, prepay such Swingline Exposure and (y) second, cash collateralize such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.1.2(j) for so long as such LC Exposure is outstanding;

(iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to Section 2.23(c)(ii), the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.10(b) with respect to such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized;

 

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(iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to Section 2.23(c)(i), then the fees payable to the Lenders pursuant to Section 2.10(a) and Section 2.10(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Pro Rata Share; and

(v) if any Defaulting Lender’s LC Exposure is neither cash collateralized nor reallocated pursuant to Section 2.23(c)(i), then, without prejudice to any rights or remedies of the LC Issuer or any Lender hereunder, all Unused Commitment Fees that otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such Defaulting Lender’s Commitment that was utilized by such LC Exposure) and Letter of Credit fees payable under Section 2.10(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the LC Issuer until such LC Exposure is cash collateralized and/or reallocated.

(d) So long as any Lender is a Defaulting Lender, the Agent shall not be required to fund any Swingline Loan and the LC Issuer shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure will be 100% covered by the Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance with Section 2.23(c)(ii), and participating interests in any such newly issued or increased Letter of Credit or newly made Swingline Loan shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.23(c)(i) (and Defaulting Lenders shall not participate therein).

(e) Any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 2.18) shall, in lieu of being distributed to such Defaulting Lender, be retained by the Agent in a segregated account and, subject to any applicable requirements of law, be applied at such time or times as may be determined by the Agent (i) first, to the payment of any amounts owing by such Defaulting Lender to the Agent hereunder, (ii) second, pro rata, to the payment of any amounts owing by such Defaulting Lender to the LC Issuer hereunder, (iii) third, if so determined by the Agent or requested by an LC Issuer, held in such account as cash collateral for future funding obligations of the Defaulting Lender in respect of any existing or future participating interest in any Swingline Loan or Letter of Credit, (iv) fourth, to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Agent, (v) fifth, if so determined by the Agent and the Borrower, held in such account as cash collateral for future funding obligations of the Defaulting Lender in respect of any Loans under this Agreement, (vi) sixth, to the payment of any amounts owing to the Agent, the Lenders or an LC Issuer as a result of any judgment of a court of competent jurisdiction obtained by the Agent, any Lender or such LC Issuer against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, (vii) seventh, to the payment of any amounts owing to the Borrower as a result of any

 

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judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, and (viii) eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that, with respect to this clause (viii), that if such payment is (x) a prepayment of the principal amount of any Loans or reimbursement obligations in respect of Letters of Credit which a Defaulting Lender has funded its participation obligations and (y) made at a time when the conditions set forth in Section 4.2 are satisfied, such payment shall be applied solely to prepay the Loans of, and reimbursement obligations owed to, all non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or reimbursement obligations owed to, any Defaulting Lender.

In the event that the Agent, the Borrower and the LC Issuer each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Pro Rata Share. The operation of this Section shall not be construed to increase or otherwise affect the Commitment of any Lender, to relieve or excuse the performance by such Defaulting Lender or any other Lender of its duties and obligations hereunder.

2.24. Limitation of Interest. The Borrower, the Agent and the Lenders intend to strictly comply with all applicable laws, including applicable usury laws. Accordingly, the provisions of this Section 2.24 shall govern and control over every other provision of this Agreement or any other Loan Document which conflicts or is inconsistent with this Section 2.24, even if such provision declares that it controls. As used in this Section 2.24, the term “interest” includes the aggregate of all charges, fees, benefits or other compensation which constitute interest under applicable law, provided that, to the maximum extent permitted by applicable law, (a) any non-principal payment shall be characterized as an expense or as compensation for something other than the use, forbearance or detention of money and not as interest, and (b) all interest at any time contracted for, reserved, charged or received shall be amortized, prorated, allocated and spread, in equal parts during the full term of the Obligations. In no event shall the Borrower or any other Person be obligated to pay, or any Lender have any right or privilege to reserve, receive or retain, (a) any interest in excess of the maximum amount of nonusurious interest permitted under the laws of the State of New York or the applicable laws (if any) of the U.S. or of any other applicable state, or (b) total interest in excess of the amount which such Lender could lawfully have contracted for, reserved, received, retained or charged.

2.25. Applicable Mortgage Minimum Amount. Notwithstanding anything to the contrary in this Agreement, (a) the Borrower shall not optionally prepay or reduce the Aggregate Credit Exposure pursuant to Section 2.14 to the extent that, after giving effect thereto, the Aggregate Credit Exposure would be less than the Applicable

 

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Mortgage Minimum Amount and (b) to the extent that the Aggregate Credit Exposure exceeds the Applicable Mortgage Minimum Amount at the time of any Credit Extension under this Agreement as a result of the requirements of Section 2.15, the Borrower shall, as a condition to each such Credit Extension, pay all mortgages recording taxes, documentary stamp taxes, intangible taxes and other similar taxes payable under the Applicable Mortgages in connection such Credit Extension.

ARTICLE III

YIELD PROTECTION; TAXES

3.1. Yield Protection. If, on or after the Effective Date, the adoption of any law or any governmental or quasi-governmental rule, regulation, policy, guideline or directive (whether or not having the force of law), or any change in the interpretation or administration thereof by any governmental or quasi-governmental authority, central bank or comparable agency charged with the interpretation or administration thereof or and any group or body charged with setting financial accounting or regulatory capital rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing) or compliance by any Lender or applicable Lending Installation or the LC Issuer with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency or and any group or body charged with setting financial accounting or regulatory capital rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing) made after the Effective Date:

(a) subjects any Lender or any applicable Lending Installation or the LC Issuer to any Taxes, or changes the basis of taxation of payments (other than with respect to Excluded Taxes) to any Lender or the LC Issuer in respect of its Eurodollar Loans, Facility LCs or participations therein, or

(b) imposes or increases or deems applicable any reserve, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or any applicable Lending Installation or the LC Issuer (other than reserves and assessments taken into account in determining the interest rate applicable to Eurodollar Advances), or

(c) imposes any other condition the result of which is to increase the cost to any Lender or any applicable Lending Installation or the LC Issuer of making, funding, converting to, continuing or maintaining its Eurodollar Loans, or of issuing or participating in Facility LCs, or reduces any amount receivable by any Lender or any applicable Lending Installation or the LC Issuer in connection with its Eurodollar Loans, Facility LCs or participations therein, or requires any Lender or any applicable Lending Installation or the LC Issuer to make any payment calculated by reference to the amount of Eurodollar Loans, Facility LCs or participations therein held or interest or LC Fees received by it, by an amount deemed material by such Lender or the LC Issuer as the case may be,

 

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and the result of any of the foregoing is to increase the cost to such Lender or applicable Lending Installation or the LC Issuer, as the case may be, of making, converting to, continuing or maintaining its Eurodollar Loans or Commitment or of issuing or participating in Facility LCs or to reduce the return received by such Lender or applicable Lending Installation or the LC Issuer, as the case may be, in connection with such Eurodollar Loans, Commitment, Facility LCs or participations therein, then, within fifteen days of demand by such Lender or the LC Issuer, as the case may be, the Borrower shall pay such Lender or the LC Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the LC Issuer, as the case may be, for such increased cost or reduction in amount received. Notwithstanding anything to the contrary in this Section 3.1, the Borrower shall not be required to compensate a Lender pursuant to this Section 3.1 for any amounts incurred more than six months prior to the date that such Lender notifies the Borrower of such Lender’s intention to claim compensation therefore; and provided that, if the circumstances giving rise to such claim have a retroactive effect, then such six-month period shall be extended to include the period of such retroactive effect. If any Lender becomes entitled to claim any additional amounts pursuant to this Section 3.1, it shall promptly notify the Borrower (with a copy to the Agent) of the event by reason of which it has become so entitled and shall include in such notice a calculation of such additional amounts in reasonable detail. Notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements or directives thereunder or issued in connection therewith (whether or not having the force of law) or in implementation thereof, and (ii) all requests, rules, regulations, guidelines, interpretations, requirements, interpretations and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities (whether or not having the force of law), in each case pursuant to Basel III, shall, in each case, be deemed to be Change, regardless of the date enacted, adopted, issued or implemented.

3.2. Changes in Capital Adequacy Regulations. If a Lender or the LC Issuer determines the amount of capital required or expected to be maintained by such Lender or the LC Issuer, any Lending Installation of such Lender or the LC Issuer, or any corporation controlling such Lender or the LC Issuer is increased as a result of a Change, then, within fifteen days of demand by such Lender or the LC Issuer, the Borrower shall pay such Lender or the LC Issuer the amount necessary to compensate for any shortfall in the rate of return on the portion of such increased capital which such Lender or the LC Issuer determines is attributable to this Agreement, its Credit Exposure or its Commitment to make Loans and issue or participate in Facility LCs or Swingline loans, as the case may be, hereunder (after taking into account such Lender’s or the LC Issuer’s policies as to capital adequacy); provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines, interpretations or directives thereunder or issued in connection therewith (whether or not having

 

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the force of law) and (y) all requests, rules, regulations, guidelines, interpretations or directives promulgated by the Bank of International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities (whether or not having the force of law), in each case pursuant to Basel III, shall in each case be deemed to be a Change regardless of the date enacted, adopted, issued, promulgated or implemented. “Change” means (i) any change after the date of this Agreement in the Risk-Based Capital Guidelines (as defined below) or (ii) any adoption of or change in any other law, governmental or quasi-governmental rule, regulation, policy, guideline, interpretation, or directive (whether or not having the force of law) after the date of this Agreement which affects the amount of capital required or expected to be maintained by any Lender or the LC Issuer or any Lending Installation or any corporation controlling any Lender or the LC Issuer. “Risk-Based Capital Guidelines” means (i) the risk-based capital guidelines in effect in the U.S. on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the U.S. implementing the June 2006 document of the Basel Committee on Banking Regulation and Supervisory Practices entitled “Basel II: International Convergence of Capital Measurements and Capital Standards: A Revised Framework – Comprehensive Version,” including transition rules, and any amendments to such regulations adopted prior to the date of this Agreement. Notwithstanding anything herein or otherwise to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder or issued in connection therewith or in implementation thereof, shall in each case be deemed to be a “Change”, regardless of the date enacted, adopted, issued or implemented.

3.3. Availability of Types of Advances. If any Lender determines that maintenance of its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule, regulation, or directive, whether or not having the force of law, or if the Required Lenders determine that (i) deposits of a type and maturity appropriate to match fund Eurodollar Advances are not available or (ii) the interest rate applicable to Eurodollar Advances does not accurately reflect the cost of making or maintaining Eurodollar Advances, then the Agent shall suspend the availability of Eurodollar Advances and require any affected Eurodollar Advances to be repaid or converted to Floating Rate Advances, subject to the payment of any funding indemnification amounts required by Section 3.4.

3.4. Funding Indemnification. If any payment of a Eurodollar Advance occurs on a date which is not the last day of the applicable Interest Period, whether because of acceleration, prepayment or otherwise, or a Eurodollar Advance is not made on the date specified by the Borrower Representative for any reason other than default by the Lenders, the Borrower will indemnify each Lender for any loss or cost incurred by it resulting therefrom, including, without limitation, any loss or cost in liquidating or employing deposits acquired to fund or maintain such Eurodollar Advance.

 

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3.5. Taxes.

(a) All payments by the Borrower to or for the account of any Lender, the LC Issuer or the Agent hereunder or under any Note or Facility LC Application shall be made free and clear of and without deduction or withholding for or on account of any and all Taxes. If the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder to any Lender, the LC Issuer or the Agent, (a) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 3.5) such Lender, the LC Issuer or the Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (b) the Borrower shall make such deductions, (c) the Borrower shall pay the full amount deducted to the relevant authority in accordance with applicable law and (d) the Borrower shall furnish to the Agent a certified copy of all official receipts evidencing payment thereof as promptly as possible but in any case within thirty days after such payment is made.

(b) In addition, the Borrower hereby agrees to pay any present or future stamp or documentary taxes and any other excise or property taxes, charges or similar levies which arise from any payment made hereunder or under any Note or Facility LC Application or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any Note or Facility LC Application (“Other Taxes”). The Borrower shall furnish to the Agent a certified copy of all official receipts evidencing payment thereof as promptly as possible but in any case within thirty days after such payment is made.

(c) The Borrower hereby agrees to indemnify the Agent, the LC Issuer and each Lender for (i) the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed on amounts payable under this Section 3.5) paid by the Agent, the LC Issuer or such Lender as a result of its Commitment, any Loans made by it hereunder, any Facility LC issued hereunder or otherwise in connection with its participation in this Agreement and any liability (including penalties, interest and reasonable expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted and (ii) for any incremental taxes, interest or penalties arising from Borrower’s failure to pay any Taxes or Other Taxes when due or failure to remit to the Agent the required receipts or other required documentary evidence, except to the extent that they are determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the party seeking indemnification. Payments due under this indemnification shall be made within thirty days of the date the Agent, the LC Issuer or such Lender makes demand therefor pursuant to Section 3.6.

(d) Each Lender and LC Issuer shall indemnify the Agent within 10 days after demand therefor, for the full amount of any Taxes attributable to such Lender that are payable or paid by the Agent, and reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Agent shall be conclusive absent manifest error.

(e) Each Lender that is not incorporated under the laws of the U.S. or a state thereof (each a “Non-U.S. Lender”) agrees that it will, not more than ten Business Days

 

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after the date of this Agreement, (i) deliver to the Agent either (x) two duly completed copies of U.S. Internal Revenue Service Form W-8BEN or W-8ECI, certifying in either case that such Lender is entitled to receive payments under this Agreement without deduction or withholding of any, or is subject to a reduced rate of withholding of, U.S. federal income taxes, or (y) if claiming an exemption from U.S. withholding tax under Section 871(h) or 881(c) of the Internal Revenue Code, a duly completed copy of the U.S. Internal Revenue Service Form W-8BEN and a properly executed certificate representing that such Non-U.S. Lender is not a “bank” for purposes of Section 881(c) of the Internal Revenue Code, does not hold a ten percent (10%) interest in the capital or profits of the Borrower within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code, and is not a controlled foreign corporation related to the Borrower within the meaning of Section 864(d)(4) of the Internal Revenue Code and (ii) deliver to the Agent a U.S. Internal Revenue Form W-8 or W-9, as the case may be, and certify that it is entitled to an exemption from U.S. backup withholding tax. Each Non-U.S. Lender further undertakes to deliver to each of the Borrower Representative and the Agent (x) renewals or additional copies of such form (or any successor form) on or before the date that such form expires or becomes obsolete, and (y) after the occurrence of any event requiring a change in the most recent forms so delivered by it, such additional forms or amendments thereto as may be reasonably requested by the Borrower Representative or the Agent. All forms or amendments described in the preceding sentence shall certify that such Lender is entitled to receive payments under this Agreement without deduction or withholding of any, or is subject to a reduced rate of withholding of, U.S. federal income taxes, unless an event (including without limitation any change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or which would prevent such Lender from duly completing and delivering any such form or amendment with respect to it and such Lender advises the Borrower Representative and the Agent that it is not capable of receiving payments without any deduction or withholding, or at the reduced rate of withholding, of U.S. federal income tax. Notwithstanding any other provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant to this paragraph that such Non-U.S. Lender is not legally able to deliver.

(f) For any period during which a Non-U.S. Lender has failed to provide the Borrower Representative with an appropriate form pursuant to clause (d), above (unless such failure is due to a change in treaty, law or regulation, or any change in the interpretation or administration thereof by any governmental authority, occurring subsequent to the date on which a form originally was required to be provided), such Non-U.S. Lender shall not be entitled to indemnification under this Section 3.5 with respect to Taxes imposed by the U.S.; provided that, should a Non-U.S. Lender which is otherwise exempt from or subject to a reduced rate of withholding tax become subject to Taxes because of its failure to deliver a form required under clause (d), above, the Borrower shall, at the expense of such Non-U.S. Lender, take such steps as such Non-U.S. Lender shall reasonably request to assist such Non-U.S. Lender to recover such Taxes.

(g) Any Lender that is entitled to an exemption from or reduction of withholding tax with respect to payments under this Agreement or any Note pursuant to the law of any

 

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relevant jurisdiction or any treaty shall deliver to the Borrower Representative (with a copy to the Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate.

3.6. Lender Statements; Survival of Indemnity. To the extent reasonably possible, each Lender shall designate an alternate Lending Installation with respect to its Eurodollar Loans to reduce any liability of the Borrower to such Lender under Sections 3.1, 3.2 and 3.5 or to avoid the unavailability of Eurodollar Advances under Section 3.3, (subject to overall policy considerations of such Lender); provided, that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 3.1, 3.2, 3.4 or 3.5. Each Lender shall deliver a written statement of such Lender to the Borrower Representative (with a copy to the Agent) as to the amount due, if any, under Section 3.1, 3.2, 3.4 or 3.5. Such written statement shall set forth in reasonable detail the calculations upon which such Lender determined such amount and shall be final, conclusive and binding on the Borrower in the absence of manifest error. Determination of amounts payable under such Sections in connection with a Eurodollar Loan shall be calculated as though each Lender funded its Eurodollar Loan through the purchase of a deposit of the type and maturity corresponding to the deposit used as a reference in determining the Eurodollar Rate applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided herein, the amount specified in the written statement of any Lender shall be payable on demand after receipt by the Borrower Representative of such written statement. The obligations of the Borrower under Sections 3.1, 3.2, 3.4 and 3.5 shall survive payment of the Obligations and termination of this Agreement.

3.7. Replacement of Lender. If the Borrower is required pursuant to Section 3.1, 3.2 or 3.5 to make any additional payment to any Lender or if any Lender’s obligation to make or continue, or to convert Floating Rate Advances into, Eurodollar Advances shall be suspended pursuant to Section 3.3 or if any Lender is a Defaulting Lender (any such Lender, an “Affected Lender”), the Borrower may elect, if such amounts continue to be charged or such suspension is still effective, to replace such Affected Lender as a Lender party to this Agreement, provided that, no Default or Unmatured Default shall have occurred and be continuing at the time of such replacement, and provided further that, concurrently with such replacement, (i) another bank or other entity which is reasonably satisfactory to the Borrower and the Agent shall agree, as of such date, to purchase for cash the Advances and other Obligations due to the Affected Lender pursuant to an Assignment Agreement (and a Defaulting Lender shall be deemed to have executed and delivered such Assignment Agreement if it fails to do so) and to become a Lender for all purposes under this Agreement and to assume all obligations of the Affected Lender to be terminated as of such date and to comply with the requirements of Section 12.3 applicable to assignments, and (ii) the Borrower shall pay to such Affected Lender in same day funds on the day of such replacement (A) all interest, fees and other amounts then accrued but unpaid to such Affected Lender by the Borrower hereunder to and including the date of termination, including

 

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without limitation payments due to such Affected Lender under Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 3.4 had the Loans of such Affected Lender been prepaid on such date rather than sold to the replacement Lender.

ARTICLE IV

CONDITIONS PRECEDENT

4.1. Effectiveness. This Agreement will not become effective unless the Loan Parties have satisfied each of the following conditions in a manner satisfactory to the Agent and the Lenders, and with respect to any condition requiring delivery of any agreement, certificate, document, or instrument, the Loan Parties shall have furnished to the Agent sufficient copies of any such agreement, certificate, document, or instrument for distribution to the Lenders.

(a) This Agreement or counterparts hereof shall have been duly executed by each Loan Party and the Agent, and the Agent shall have received duly executed copies of the Loan Documents and such other documents, instruments, agreements and legal opinions as the Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, each in form and substance reasonably satisfactory to the Agent.

(b) Each Loan Party shall have delivered copies of its articles or certificate of incorporation or organization, together with all amendments, and a certificate of good standing, each certified by the appropriate governmental officer in its jurisdiction of incorporation or organization.

(c) Each Loan Party shall have delivered copies, certified by its Secretary or Assistant Secretary, of its by-laws or operating, management or partnership agreement and of its Board of Directors’ resolutions or the resolutions of its members and of resolutions or actions of any other body authorizing the execution, delivery and performance of the Loan Documents to which such Loan Party is a party.

(d) Each Loan Party shall have delivered an incumbency certificate, executed by its Secretary or Assistant Secretary, which shall identify by name and title and bear the signatures of the Authorized Officers and any other officers such Loan Party authorized to sign the Loan Documents to which such Loan Party is a party, upon which certificate the Agent and the Lenders shall be entitled to rely until informed of any change in writing by such Loan Party.

(e) The Borrower shall have delivered a certificate, signed by the chief financial officer of the Borrower, on the initial Credit Extension Date (i) stating that no Default or Unmatured Default has occurred and is continuing, (ii) stating that the representations and warranties contained in Article V are true and correct as of such Credit Extension Date, (iii) specifying the deposit account at Chase which shall be used as the Funding Account, (iv) certifying that the condition set forth in clause (t) below has been met, and (v) certifying any other factual matters as may be reasonably requested by the Agent or any Lender.

 

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(f) The Loan Parties shall have delivered a written legal opinion of the Loan Parties’ counsel, addressed to the Agent, the LC Issuer and the Lenders in substantially the form of Exhibit D and the legal opinion of such other special and local counsel as may be required by the Agent.

(g) The Borrower shall have delivered any Notes requested by a Lender pursuant to Section 2.21 payable to the order of each such requesting Lender.

(h) The Borrower shall have delivered money transfer authorizations as the Agent may have reasonably requested.

(i) The Agent shall have received the results of a recent Lien and other searches that the Agent deems necessary and such searches shall reveal no Liens on any of the assets of the Loan Parties except for Permitted Liens or Liens discharged on or prior to the Effective Date pursuant to documentation satisfactory to the Agent, the Loan Parties shall have delivered UCC termination statements or amendments to existing UCC financing statements with respect to any filings against the Collateral as may be requested by the Agent and shall have authorized the filing of such termination statements or amendments, the Agent shall have been authorized to file any UCC financing statements that the Agent deems necessary to perfect its Liens in the Collateral and Liens creating a first priority security interest in the Collateral in favor of the Agent shall be in proper form for filing, registration or recordation.

(j) The Borrower Representative shall have delivered a Borrowing Base Certificate which calculates the Borrowing Base and the “Borrowing Base” as defined in the 2010 Parent Indenture, in each case as of the end of the Business Day immediately preceding the Effective Date.

(k) The Borrower shall have delivered to the Agent the Borrower’s most recent projected income statement, balance sheet and cash flows for the period through the end of the 2015 Fiscal Year (which shall have been prepared on a monthly basis through the first year after the Effective Date and yearly thereafter).

(l) All legal (including tax implications) and regulatory matters, including, but not limited to compliance with applicable requirements of Regulations U, T and X of the Board, shall be satisfactory to the Agent and the Lenders.

(m) The Agent or its designee shall have conducted a satisfactory field examination of the accounts receivable, Inventory and related working capital matters and financial information of the Loan Parties and of the related data processing and other systems, the results of which shall be satisfactory to the Arrangers and the Agent.

(n) The Borrower shall have delivered evidence of insurance coverage in form, scope, and substance reasonably satisfactory to the Agent and otherwise in compliance with the terms of Section 6.7.

 

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(o) The Borrower shall have paid all of the fees and expenses owing to the Agent, the Arrangers, the LC Issuer and the Lenders pursuant to Section 2.10, and Section 9.6(a).

(p) The Borrower shall have delivered to the Agent true and complete Customer Lists for the Borrower, together with a recent satisfactory appraisal with respect thereto (it being understood that the Agent and the Lenders shall treat such Customer Lists as confidential information subject to Section 9.11).

(q) The Loan Parties shall have delivered to the Agent a certified actuarial valuation report for each Single Employer Plan for the Plan year beginning January 1, 2010.

(r) The Loan Parties shall have delivered to the Agent a statement by an actuary enrolled under ERISA certifying that each Single Employer Plan is not, and is not expected to be, in “at risk” status (within the meaning of Section 430 of the Code or Title IV of ERISA).

(s) The Agent shall have received a satisfactory solvency certificate from the chief financial officer of the Parent that shall document the solvency of the Parent and its Subsidiaries as of the Effective Date.

(t) The Agent shall have received a copy of each hedging and inventory policy contemplated by Section 5.33, and the Agent shall be satisfied with each such policy.

(u) The Agent shall have received written consents from the “Required Lenders” under and as defined in the Existing Credit Agreement to the execution and delivery of this Agreement (it being agreed that the entering into of this Agreement by any such Existing Lender shall constitute such written consent).

(v) The Effective Date shall occur on or before June 15, 2011.

4.2. Each Credit Extension. Except as otherwise expressly provided herein, the Lenders shall not be required to make any Credit Extension if on the applicable Credit Extension Date:

(a) There exists any Default or Unmatured Default or any Default or Unmatured Default shall result from any such Credit Extension.

(b) Any representation or warranty contained in Article V is untrue or incorrect in any material respect as of such Credit Extension Date except to the extent any such representation or warranty is stated to relate solely to an earlier date.

(c) After giving effect to any Credit Extension, Availability would be less than zero.

 

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(d) Any legal matter incident to the making of such Credit Extension shall not be satisfactory to the Agent and its counsel or such Credit Extension shall conflict with, or not be permitted by, the terms of the 2010 Parent Indenture.

(e) The Borrower is not in compliance with Section 2.25.

Each Borrowing Notice or request for issuance of Facility LC with respect to each such Credit Extension shall constitute a representation and warranty by the Borrower that the conditions contained in Section 4.1 have been satisfied and that none of the conditions set forth in Section 4.2 exist as of the applicable Credit Extension Date. Any Lender may require a duly completed Compliance Certificate as a condition to making a Credit Extension.

ARTICLE V

REPRESENTATIONS AND WARRANTIES

Each Loan Party represents and warrants to the Lenders as follows:

5.1. Existence and Standing. Each Loan Party is a corporation, partnership or limited liability company duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted.

5.2. Authorization and Validity. Each Loan Party has the power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each Loan Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper proceedings, and the Loan Documents to which such Loan Party is a party constitute legal, valid and binding obligations of such Loan Party enforceable against such Loan Party in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally.

5.3. No Conflict; Government Consent. Neither the execution and delivery by any Loan Party of the Loan Documents to which it is a party, nor the consummation of the transactions therein contemplated, nor compliance with the provisions thereof will violate (i) any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on such Loan Party or (ii) any Loan Party’s articles or certificate of incorporation, partnership agreement, certificate of partnership, articles or certificate of organization, by-laws, or operating or other management agreement, as the case may be, or (iii) the provisions of any indenture (including, without limitation, the 2010 Parent Indenture), instrument or agreement to which any Loan Party is a party or is subject, or by which it, or its Property, is bound, or conflict with or constitute a default thereunder, or result in, or require, the

 

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creation or imposition of any Lien in, of or on the Property of such Loan Party pursuant to the terms of any such indenture, instrument or agreement. No order, consent, adjudication, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, or other action in respect of any Governmental Authority which has not been obtained by a Loan Party, is required to be obtained by any Loan Party in connection with the execution and delivery of the Loan Documents, the borrowings under this Agreement, the payment and performance by the Loan Parties of the Obligations or the legality, validity, binding effect or enforceability of any of the Loan Documents, except for (i) filing of amendments to Mortgages and UCC financing statements to be filed on or immediately after the Effective Date and (ii) routine approvals required in connection with the performance by the Loan Parties of their businesses.

5.4. Security Interest in Collateral. The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the benefit of the Agent and the Lenders, and such Liens (upon any required filing and recordation) constitute perfected and continuing Liens on the Collateral, securing the Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Liens, to the extent any such Permitted Liens would have priority over the Liens in favor of the Agent pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title) to the extent the Agent has not obtained or does not maintain possession of such Collateral.

5.5. Financial Statements.

(a) The (i) audited consolidated financial statements of the Parent and its Subsidiaries for the period ended September 30, 2010 and (ii) the unaudited consolidated financial statements of the Parent and its Subsidiaries for the quarters ended December 31, 2010 and March 31, 2011 heretofore delivered to the Lenders (A) were prepared in accordance with GAAP (as in effect on the date such statements were prepared) and fairly present the consolidated financial condition and operations of the Parent and its Subsidiaries at such date and the consolidated results of their operations for the period then ended and (B) with respect to the financial statements referred to in clause (i) hereof, are accompanied by an unqualified audit report certified by independent certified public accountants.

(b) The most recent Projections delivered to the Agent and the Lenders pursuant to Section 6.1(d) represent the Borrower’s good faith estimate of the future financial performance of the Borrower for the period set forth therein.

5.6. Material Adverse Change. Since September 30, 2010, after giving effect to the consummation of the transactions contemplated hereby on the Effective Date, there has been no change in the business, operations, Property, condition (financial or otherwise) or prospects of the Loan Parties which could reasonably be expected to have a Material Adverse Effect.

 

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5.7. Taxes. The Loan Parties have filed all U.S. federal tax returns and all other tax returns which are required to be filed, all such returns are complete and correct and the Loan Parties have paid all taxes due pursuant to said returns or pursuant to any assessment received by any Loan Party, except such taxes, if any, as are being contested in good faith and as to which adequate reserves have been provided in accordance with GAAP and as to which no Lien exists. No tax liens have been filed and no claims are being asserted with respect to any such taxes. The charges, accruals and reserves on the books of the Loan Parties in respect of any taxes or other governmental charges are adequate. If any Loan Party is a limited liability company, each such limited liability company qualifies for partnership tax treatment under U.S. federal tax law.

5.8. Litigation and Contingent Obligations. Except as set forth on Schedule 5.8, there is no litigation, arbitration, governmental investigation, proceeding or inquiry pending or, to the knowledge of any of their officers, threatened against or affecting any Loan Party which could reasonably be expected to have a Material Adverse Effect or which seeks to prevent, enjoin or delay the making of any Credit Extensions. Other than any liability incident to any litigation, arbitration or proceeding which (i) could not reasonably be expected to have a Material Adverse Effect or (ii) is set forth on Schedule 5.8, no Loan Party has any material contingent obligations not provided for or disclosed in the financial statements referred to in Section 5.5.

5.9. Capitalization and Subsidiaries. Schedule 5.9 sets forth (a) a correct and complete list of the name of each and all of the Parent’s Subsidiaries, (b) the location of the chief executive office of each Loan Party and each of its Subsidiaries and each other location where any of them have maintained their chief executive office in the past five years, (c) a true and complete listing of each class of each Loan Party’s authorized Capital Stock, of which all of such issued shares are validly issued, outstanding, fully paid and non-assessable, and owned beneficially and of record by the Persons identified on Schedule 5.9, and (d) the type of entity of each Loan Party. With respect to each Loan Party, Schedule 5.9 also sets forth the employer or taxpayer identification number of each Loan Party and the organizational identification number issued by each Loan Party’s jurisdiction of organization or a statement that no such number has been issued. All of the issued and outstanding Capital Stock owned by any Loan Party has been (to the extent such concepts are relevant with respect to such ownership interests) duly authorized and issued and is fully paid and non-assessable.

5.10. ERISA. Except as would not, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect, (i) each Plan complies with all applicable requirements of law and regulations and (ii) no ERISA Event has occurred.

 

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5.11. Accuracy of Information. No information, exhibit or report furnished by any Loan Party to the Agent or to any Lender in connection with the negotiation of, or compliance with, the Loan Documents contained any material misstatement of fact or omitted to state a material fact or any fact necessary to make the statements contained therein not misleading.

5.12. Names; Prior Transactions. Except as set forth on Schedule 5.12, the Loan Parties have not, during the past five years, been known by or used any other corporate or fictitious name, or been a party to any merger or consolidation, or been a party to any Acquisition.

5.13. Regulation U. No Loan Party is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” as such terms are defined in Regulation U of the Board as now and from time to time hereafter in effect (such securities being referred to herein as “Margin Stock”). No Loan Party owns any Margin Stock, and none of the proceeds of the Loans or other extensions of credit under this Agreement will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock, for the purpose of reducing or retiring any Indebtedness that was originally incurred to purchase or carry any Margin Stock or for any other purpose that might cause any of the Loans or other extensions of credit under this Agreement to be considered a “purpose credit” within the meaning of Regulations T, U or X of the Board. No Loan Party will take or permit to be taken any action that might cause any Loan Document to violate any regulation of the Board.

5.14. Material Agreements. Schedule 5.14 hereto sets forth as of the Effective Date all material agreements and contracts to which any Loan Party is a party or is bound as of the date hereof. No Loan Party is subject to any charter or other corporate restriction which could reasonably be expected to have a Material Adverse Effect. No Loan Party is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in (i) any material agreement to which it is a party or (ii) any agreement or instrument evidencing or governing Indebtedness.

5.15. Compliance With Laws. The Loan Parties have complied with all applicable statutes, rules, regulations, orders and restrictions of any domestic or foreign government or any instrumentality or agency thereof having jurisdiction over the conduct of their respective businesses or the ownership of their respective Property except for any failure to comply with any of the foregoing which could not reasonably be expected to have a Material Adverse Effect.

5.16. Ownership of Properties. Except as set forth on Schedule 5.16, on the date of this Agreement, the Loan Parties will have good title, free of all Liens other than those permitted by Section 6.21, to all of the Property and assets reflected in the Loan Parties’ most recent consolidated financial statements provided to the Agent as owned by the Loan Parties.

 

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5.17. Plan Assets; Prohibited Transactions. No Loan Party is an entity deemed to hold “plan assets” (within the meaning of 29 C.F.R. § 2510.3-101) of an employee benefit plan (as defined in Section 3(3) of ERISA) which is subject to Title I of ERISA or any plan (within the meaning of Section 4975 of the Code), and neither the execution of this Agreement nor the making of Credit Extensions hereunder gives rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code. The Borrower is not an “operating company” as defined in 29 C.F.R 2510-101 (c).

5.18. Environmental Matters.

(a) Each of the Loan Parties is in compliance with all Environmental Laws applicable to it or to the Collateral except where such noncompliance would not have a Material Adverse Effect. Each Loan Party holds all environmental permits and licenses that are necessary for the conduct of the business and operations of such Loan Party as now conducted and as proposed to be conducted, and has timely and properly applied for renewal of all environmental permits or licenses that have expired or are about to expire, except where the failure to hold, or to timely and properly reapply for, such environmental permits or licenses would not have a Material Adverse Effect. Schedule 5.18 lists (i) all notices from Federal, state or local environmental agencies to any Loan Party citing environmental violations or other conditions that could be the subject of investigation, remediation or other action under Environmental Law affecting the business and operations of any Loan Party or the Collateral that have not been finally resolved and disposed of, and no such violation or condition, whether or not notice regarding such violation or condition is listed on Schedule 5.18, if ultimately resolved against such party, would have a Material Adverse Effect and (ii) all material reports filed by each of the Loan Parties during the past twelve months with respect to its business and operations or the Collateral with any Federal, state or local environmental agency having jurisdiction over any of the Loan Parties or the Collateral, true and complete copies of which reports have been made available to the Lenders. Notwithstanding any such notice, except for matters the consequences of which will not have a Material Adverse Effect, the business and operations of each Loan Party and the Collateral are currently being operated in all respects within the limits set forth in such environmental permits or licenses and any current noncompliance with such permits or licenses will not result in any liability or penalty to any of the Loan Parties or in the revocation, loss or termination of any such environmental permits or licenses.

(b) All facilities located on the real property owned or leased by the Loan Parties, including without limitation the Collateral, which are subject to regulation by the Resource Conservation and Recovery Act (“RCRA”) are and have been operated in compliance with RCRA, except where such noncompliance would not have a Material Adverse Effect and none of the Loan Parties has received, or, to the knowledge of any Loan Party, been threatened with, a notice of violation of RCRA regarding such facilities.

 

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(c) No Materials of Environmental Concern are or, to the knowledge of any Loan Party, have been located or present at any of the real property owned or leased by the Loan Parties, including without limitation the Collateral, or any previously owned properties, in violation of any Environmental Law, which violation will have a Material Adverse Effect, or in such circumstances as to give rise to liability, which liability will have a Material Adverse Effect, and with respect to such real property there has not occurred, to the knowledge of any Loan Party (i) any release or threatened release of any Materials of Environmental Concern, (ii) any discharge or threatened discharge of any Materials of Environmental Concern into the environment which violates any Environmental Law or (iii) any assertion of any lien pursuant to Environmental Laws resulting from any use, spill, discharge or clean-up of any Materials of Environmental Concern, which occurrence referred to in clause (i), (ii) or (iii) above will have a Material Adverse Effect.

(d) Except as set forth on Schedule 5.18(d), none of the Loan Parties has received notice that it has been identified as a potentially responsible party under the Comprehensive Environmental Response, Compensation, and Liability Act or any comparable state, local or foreign law nor has any Loan Party received any notification that any Materials of Environmental Concern that it has used, generated, stored, treated, handled, transported or disposed of or arranged for transport for disposal or treatment of, or arranged for disposal or treatment of, has been found at any site at which any Governmental Authority or private party is conducting or plans to conduct a remedial investigation or other action pursuant to any Environmental Law.

(e) None of the matters disclosed in Schedule 5.18 or Schedule 5.18(d), either individually or in the aggregate, involves a violation of or a liability under any Environmental Law, the consequences of which will have a Material Adverse Effect.

5.19. Investment and Holding Company Status. No Loan Party is (a) an “investment company” or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended or (b) a “holding company” as defined in, or subject to regulation under, the Public Utility Holding Company Act of 1935, as amended.

5.20. Bank Accounts. As of the Effective Date, Exhibit B to the Security Agreement contains a complete and accurate list of all bank accounts maintained by each Loan Party with any bank or other financial institution.

 

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5.21. Indebtedness. As of the Effective Date and after giving effect to the Credit Extensions to be made on the Effective Date (if any), the Loan Parties have no Indebtedness, except for (a) the Obligations, and (b) any Indebtedness described on Schedule 5.21.

5.22. Affiliate Transactions. Except as set forth on Schedule 5.22, as of the Effective Date, there are no existing or proposed agreements, arrangements, understandings, or transactions between any Loan Party and any of the officers, members, managers, directors, stockholders, parents, other interest holders, employees, or Affiliates (other than Subsidiaries) of any Loan Party or any members of their respective immediate families (other than employment agreements and arrangements and transactions entered into in the ordinary course of business on terms that are arms-length), and none of the foregoing Persons are directly or indirectly indebted to or have any direct or indirect ownership, partnership, or voting interest in any Affiliate of any Loan Party or any Person with which any Loan Party has a business relationship or which competes with any Loan Party.

5.23. Real Property; Leases. As of the Effective Date, Schedule 5.23 sets forth a correct and complete list of all real Property owned by each Loan Party, all leases and subleases of real Property by each Loan Party as lessee or sublessee, and all leases and subleases of real Property by each Loan Party as lessor or sublessor. Each of such leases and subleases is valid and enforceable in accordance with its terms and is in full force and effect, and no default by any party to any such lease or sublease exists. Each Loan Party has good and indefeasible title in fee simple to the real Property identified on Schedule 5.23 as owned by such Loan Party, or valid leasehold interests in all real Property designated therein as “leased” by such Loan Party.

5.24. Intellectual Property Rights. As of the Effective Date: (a) Schedule 5.24 sets forth a correct and complete list of all Intellectual Property Rights of each Loan Party; (b) none of the Intellectual Property Rights listed in Schedule 5.24 is subject to any licensing agreement or similar arrangement except as set forth in Schedule 5.24; (c) the Intellectual Property Rights described in Schedule 5.24 constitute all of the property of such type necessary to the current and anticipated future conduct of the Loan Parties’ business; (d) to the best of each Loan Party’s knowledge, no slogan or other advertising device, product, process, method, substance, part, or other material now employed, or now contemplated to be employed, by any Loan Party infringes in any material respect upon any rights held by any other Person; and (e) no claim or litigation regarding any of the foregoing is pending or threatened, and no patent, invention, device, application, principle or any statute, law, rule, regulation, standard, or code is pending or, to the knowledge of any Loan Party, proposed, which, in either case, could reasonably be expected to have a Material Adverse Effect.

5.25. Insurance. Schedule 5.25 lists all insurance policies of any nature maintained, as of the Effective Date, by each Loan Party, as well as a summary of the terms of each such policy.

 

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5.26. Solvency.

(a) Immediately after the consummation of the transactions to occur on the date hereof and immediately following the making of each Credit Extension, if any, made on the date hereof and after giving effect to the application of the proceeds of such Credit Extensions, (a) the fair value of the assets of each Loan Party, at a fair valuation, will exceed the debts and liabilities, subordinated, contingent or otherwise, of each Loan Party; (b) the present fair saleable value of the Property of each Loan Party will be greater than the amount that will be required to pay the probable liability of each Loan Party on its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (c) each Loan Party will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) each Loan Party will not have unreasonably small capital with which to conduct the businesses in which it is engaged as such businesses are now conducted and are proposed to be conducted after the date hereof.

(b) The Borrower does not intend to, nor will the Borrower permit any of its Subsidiaries to, and the Borrower does not believe that it or any of its Subsidiaries will, incur debts beyond its ability to pay such debts as they mature, taking into account the timing of and amounts of cash to be received by it or any such Subsidiary and the timing of the amounts of cash to be payable on or in respect of its Indebtedness or the Indebtedness of any such Subsidiary.

5.27. Subordinated Indebtedness. The Secured Obligations constitute senior indebtedness which is entitled to the benefits of the subordination provisions of all outstanding Subordinated Indebtedness. In addition, (a) no “Event of Default” or “Default” under and as defined in the 2010 Parent Indenture exists, nor will any such Event of Default or Default exist immediately after the granting or continuation of any Loan, under the 2010 Parent Indenture or any agreement executed by the Parent or any of its Subsidiaries in connection therewith; and (b) all of the Obligations constitute Permitted Indebtedness as defined in the 2010 Parent Indenture.

5.28. Post-Retirement Benefits. The present value of the expected cost of post-retirement medical and insurance benefits payable by the Loan Parties to their employees and former employees, as estimated by such Loan Parties in accordance with procedures and assumptions deemed reasonable by the Required Lenders, does not exceed $10,000,000 in the aggregate.

5.29. Common Enterprise. The successful operation and condition of each of the Loan Parties is dependent on the continued successful performance of the functions of the group of the Loan Parties as a whole and the successful operation of each of the Loan Parties is dependent on the successful performance and operation of each other Loan Party. Each Loan Party expects to derive benefit (and its board of directors or other governing body has determined that it may reasonably be

 

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expected to derive benefit), directly and indirectly, from (i) successful operations of each of the other Loan Parties and (ii) the credit extended by the Lenders to the Borrower hereunder, both in their separate capacities and as members of the group of companies. Each Loan Party has determined that execution, delivery, and performance of this Agreement and any other Loan Documents to be executed by such Loan Party is within its purpose, will be of direct and indirect benefit to such Loan Party, and is in its best interest.

5.30. Reportable Transaction. The Borrower does not intend to treat the Advances and related transactions as being a “reportable transaction” (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrower determines to take any action inconsistent with such intention, it will promptly notify the Agent thereof.

5.31. Labor Disputes. Except as set forth on Schedule 5.31, as of the Effective Date (a) there is no collective bargaining agreement or other labor contract covering employees of the Borrower or any of its Subsidiaries, (b) no such collective bargaining agreement or other labor contract is scheduled to expire during the term of this Agreement, (c) no union or other labor organization is seeking to organize, or to be recognized as, a collective bargaining unit of employees of the Borrower or any of its Subsidiaries or for any similar purpose, and (d) there is no pending or (to the best of the Borrower’s knowledge) threatened, strike, work stoppage, material unfair labor practice claim, or other material labor dispute against or affecting the Borrower or its Subsidiaries or their employees.

5.32. Fixed Price Supply Contracts. None of the Loan Parties is a party to any contract for the purchase or supply by such parties of any product except where (a) the purchase price is set with reference to a spot index or indices substantially contemporaneously with the delivery of such product or (b) delivery of such product is to be made no more than 18 months after the purchase price is agreed to. All such contracts for the delivery of product to any Loan Party referred to in the foregoing clause (b) which are in effect on the Effective Date are set forth in Schedule 5.32.

5.33. Trading and Inventory Policies. Each Loan Party maintains a hedging policy to the effect that it will not trade any commodities. Each Loan Party maintains a supply inventory position policy to the effect that it will not hold on hand, as of any date, more Commodities Inventory than will be sold in the normal course of business during the following 90 days. Each Loan Party is in compliance with such policies.

5.34. Use of Proceeds. The Borrower will use the proceeds of the Loans solely as set forth in Section 6.2.

 

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ARTICLE VI

COVENANTS

Each Loan Party executing this Agreement jointly and severally agrees as to all Loan Parties that from and after the date hereof and until the Facility Termination Date:

6.1. Financial and Collateral Reporting. Each Loan Party will maintain, for itself and each Subsidiary, a system of accounting established and administered in accordance with GAAP, and will furnish to the Lenders:

(a) within ninety days after the close of each Fiscal Year of the Parent and its Subsidiaries (starting with the Fiscal Year ending September 30, 2011), an unqualified audit report certified by independent certified public accountants reasonably acceptable to the Required Lenders, prepared in accordance with GAAP on a consolidated and consolidating basis (consolidating statements need not be certified by such accountants), including balance sheets as of the end of such Fiscal Year, related profit and loss and reconciliations of statements of retained earnings, and a statement of cash flows, accompanied by (i) any management letter prepared by said accountants and (ii) a certificate of said accountants that, in the course of their examination necessary for their certification of the foregoing, they have obtained no knowledge of any Default or Unmatured Default, or if, in the opinion of such accountants, any Default or Unmatured Default shall exist, stating the nature and status thereof;

(b) within forty-five days after the close of the first three quarterly periods of each Fiscal Year of the Parent and its Subsidiaries, consolidated and consolidating unaudited balance sheets as at the close of each such Fiscal Quarter and consolidated and consolidating profit and loss and reconciliations of statements of retained earnings and a statement of cash flows for the period from the beginning of the applicable Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the figures for the applicable period, all certified by its chief financial officer and prepared in accordance with GAAP (except for exclusion of footnotes and subject to normal year-end audit adjustments);

(c) within thirty days after the close of each Fiscal Month, consolidated and consolidating unaudited balance sheets of the Parent and its Subsidiaries at the close of each such Fiscal Month and consolidated and consolidating profit and loss and reconciliations of statements of retained earnings and a statement of cash flows for the period from the beginning of the applicable Fiscal Year to the end of such Fiscal Month, setting forth in each case in comparative form the figures for the prior 12-month period, all prepared in accordance with GAAP (except for exclusion of footnotes and subject to normal year-end audit adjustments) and certified by its chief financial officer or vice president - controller;

(d) as soon as available, but not less than 10 days prior to the end of such Fiscal Year, a copy of the plan and forecast (including a projected consolidated and

 

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consolidating balance sheet, income statement and funds flow statement) of the Parent for each month of such Fiscal Year (the “Projections”) in form reasonably satisfactory to the Agent;

(e) together with each of the financial statements required under Sections 6.1(a), (b) and (c), a compliance certificate in substantially the form of Exhibit E (a “Compliance Certificate”) signed by the chief financial officer, vice president - controller or treasurer of the Borrower Representative showing the calculations necessary to determine compliance with this Agreement (including calculation of Availability for purposes of Sections 6.16 and 6.25) and the Applicable Margin and stating that no Default or Unmatured Default exists, or if any Default or Unmatured Default exists, stating the nature and status thereof;

(f) as soon as available but in any event within 20 days of the end of each Fiscal Month (or, during the Seasonal Availability Period or to the extent Availability is less than 17.5% of the Aggregate Commitment, within 3 days of the end of each week), and at such other times as may be requested by the Agent (in its Permitted Discretion), as of the period then ended, a Borrowing Base Certificate, which will include information relating to the Borrowing Base as calculated and defined in the 2010 Parent Indenture and supporting information in connection therewith;

(g) as soon as available but in any event within 20 days of the end of each Fiscal Month (or, during the Seasonal Availability Period or to the extent Availability is less than 17.5% of the Aggregate Commitment, within 3 days of the end of each week) and at such other times as may be requested by the Agent (in its Permitted Discretion), as of the period then ended:

(i) (1) a summary aging of the Accounts of Petro and each of its Subsidiaries, including an aged accounts receivable total for each Account Debtor, supported by a total page from the system summary aging for each branch, and (2) reconciled to the Borrowing Base Certificate delivered as of such date prepared in a manner reasonably acceptable to the Agent, together with such transaction analysis or roll-forward information as the Agent requests, in its Permitted Discretion;

(ii) a schedule detailing the Borrower’s Inventory, in form reasonably satisfactory to the Agent, (1) by location (showing Inventory in transit, any Inventory located with a third party under any consignment, bailee arrangement, or warehouse agreement), by product type, and by volume on hand, which Inventory shall be valued at the lower of cost (determined on a weighted average basis) or market and adjusted for Reserves as the Agent has previously indicated to the Borrower are deemed by the Agent to be appropriate, (2) including a report of any variances or other results of Inventory counts performed by the Borrower since the last Inventory schedule (including information regarding sales or other reductions, additions, returns, credits issued by the Borrower and complaints and claims made against the Borrower), and (3) reconciled to the Borrowing Base Certificate delivered as of such date;

 

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(iii) a worksheet of calculations prepared by the Borrower to determine Eligible Accounts Receivable, Eligible Heating Oil and Other Fuel Inventory and Eligible Other Inventory, such worksheets detailing the Accounts and Inventory excluded from Eligible Accounts Receivable, Eligible Heating Oil and Other Fuel Inventory and Eligible Other Inventory and the reason for such exclusion;

(iv) a reconciliation of the Borrower’s Accounts and Inventory between the amounts shown in the Borrower’s general ledger and financial statements and the reports delivered pursuant to clauses (i) and (ii) above; and

(v) a reconciliation of the loan balance per the Borrower’s general ledger to the loan balance set forth in statements given to the Borrower under this Agreement;

(h) as soon as available but in any event within 20 days of the end of each Fiscal Month (or, during the Seasonal Availability Period or to the extent Availability is less than 17.5% of the Aggregate Commitment, within 3 days of the end of each week) and at such other times as may be requested by the Agent (in its Permitted Discretion), as of the month then ended, a schedule and aging of the Borrower’s accounts payable;

(i) promptly upon the Agent’s request (in its Permitted Discretion):

(i) copies of invoices in connection with the invoices issued by the Borrower in connection with any Accounts, credit memos, shipping and delivery documents, and other information related thereto;

(ii) copies of purchase orders, invoices, and shipping and delivery documents in connection with any Inventory, Machinery or Equipment purchased by any Loan Party; and

(iii) a schedule detailing the balance of all intercompany accounts of the Loan Parties;

(j) as soon as possible and in any event within 20 days of filing thereof, copies of all tax returns filed by any Loan Party with the U.S. Internal Revenue Service;

(k) as soon as possible and in any event within 300 days after the close of the Fiscal Year of each Single Employer Plan, a certified financial statement of such Single Employer Plan;

(l) as soon as possible and in any event within 10 days after the Borrower (i) knows that any Reportable Event has occurred with respect to any Plan, a statement, signed by the chief financial officer of the Borrower, describing said Reportable Event and the action which the Borrower proposes to take with respect thereto; (ii) receives a determination that any Plan is, or is expected to be in “at risk” status (within the meaning of Section 430 of the Code or Title IV of ERISA), a statement describing such status determination and the action which the Borrower proposes to take with respect thereto; or (iii) receives any determination that a Multiemployer Plan is expected in endangered or critical status (within the meaning of Section 432 of the Code or Section 305 or Title IV of ERISA), a copy of such determination;

 

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(m) as soon as possible and in any event within 10 days (i) of filing therewith with the PBGC, the U.S. Internal Revenue Service or any other governmental entity, a copy of each annual report or other filing with respect to any Single Employer Plan;

(n) as soon as possible and in any event with 10 days following receipt thereof, copies of any documents described in Sections 101(k) or 101(l) of ERISA that Borrower or any member of its Controlled Group may request with respect to any Multiemployer Plan to which it is a party; provided, that if the Borrower or any member of its Controlled Group has not requested such documents or notices from the administrator or sponsor of the applicable Multiemployer Plan, then, upon reasonable request of the Agent, the Borrower and/or the Controlled Group members shall promptly make a request for such documents and notices from such administrator or sponsor and the Borrower shall provide copies of such documents and notices to the Agent (on behalf of each requesting Lender) promptly after receipt thereof, and further provided, that the rights granted to the Agent in this section shall not be exercised more than once during a 12-month period;

(o) as soon as possible and in any event within 10 days after receipt by any Loan Party and to the extent pertaining to a matter that could have a material impact on any Loan Party, a copy of (i) any notice or claim to the effect that any Loan Party is or may be liable to any Person as a result of the release by any Loan Party, or any other Person of any toxic or hazardous waste or substance into the environment, and (ii) any notice alleging any violation of any Environmental Laws or any federal, state or local environmental, health or safety law or regulation by the any Loan Party;

(p) concurrently with the delivery of annual audited financial statements pursuant to Section 6.1(a), an updated Customer List for the Borrower, certified as true and correct by an Authorized Officer of the Borrower (it being understood that the Agent and the Lenders shall treat such Customer Lists as confidential information subject to Section 9.11);

(q) concurrently with the furnishing thereof to the unitholders of the Parent, copies of all financial statements, reports and proxy statements so furnished;

(r) promptly upon the filing thereof, copies of all registration statements and annual, quarterly, monthly or other regular reports which any Loan Party files with the Securities and Exchange Commission; and

(s) such other information (including, without limitation, non-financial information as more fully described on Schedule 6.1(s)) as the Agent or any Lender may from time to time reasonably request.

 

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6.2. Use of Proceeds.

(a) The Borrower will use the proceeds of the Credit Extensions solely to finance the working capital needs of the Borrower and its Subsidiaries in the ordinary course of business; provided that Facility LCs may also be used to support (i) obligations under workers’ compensation laws, (ii) obligations to suppliers of petroleum derivative products or energy commodity derivative providers in the ordinary course of business consistent with past practices and (iii) other ordinary course obligations of the Loan Parties.

(b) No Loan Party will use any of the proceeds of the Credit Extensions to (i) purchase or carry any Margin Stock in violation of Regulation U, (ii) repay or refinance any Indebtedness of any Person incurred to buy or carry any Margin Stock, (iii) acquire any security in any transaction that is subject to Section 13 or Section 14 of the Securities Exchange Act of 1934 (and the regulations promulgated thereunder), or (iv) so long as the 2010 Parent Indenture is in effect, make any Acquisition.

6.3. Notices. Each Loan Party will give prompt notice in writing to the Agent and the Lenders of:

(a) the occurrence of any Default or Unmatured Default;

(b) any other development, financial or otherwise, which could reasonably be expected to have a Material Adverse Effect;

(c) the assertion by the holder of any Capital Stock of any Loan Party or the holder of any Indebtedness of any Loan Party in excess of $1,000,000 that any default exists with respect thereto or that any Loan Party is not in compliance therewith;

(d) receipt of any written notice that any Loan Party is subject to any investigation by any governmental entity with respect to any potential or alleged violation of any applicable Environmental Law or of imposition of any Lien against any Property of any Loan Party for any liability with respect to damages arising from, or costs resulting from, any violation of any Environmental Laws, in each case, that could reasonably be expected to result in a material impact on any Loan Party;

(e) receipt of any notice of litigation commenced or threatened against any Loan Party that (i) seeks damages in excess of (A) $500,000 above insurance coverage limits or (B) $5,000,000 regardless of insurance coverage limits, (ii) seeks injunctive relief, (iii) is asserted or instituted against any Plan, its fiduciaries or its assets, (iv) alleges criminal misconduct by any Loan Party, (v) alleges the violation of any law regarding, or seeks remedies in connection with, any Environmental Laws; or (vi) involves any product recall;

(f) any Lien (other than Permitted Liens) or claim made or asserted against any of the Collateral;

(g) its decision to change, (i) such Loan Party’s name or type of entity, (ii) such Loan Party’s articles or certificate of incorporation, partnership agreement, certificate of

 

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partnership, articles or certificate of organization, by-laws, or operating or other management agreement, and (iii) the location where any Collateral is held or maintained; provided that, in no event shall the Agent receive notice of such change less than thirty days prior thereto;

(h) commencement of any proceedings contesting any tax, fee, assessment, or other governmental charge in excess of $250,000;

(i) the opening of any new deposit account by any Loan Party with any bank or other financial institution;

(j) any loss, damage, or destruction to the Collateral in the amount of $500,000 or more, whether or not covered by insurance;

(k) any and all default notices received under or with respect to any leased location or public warehouse where Collateral is located (which shall be delivered within two Business Days after receipt thereof);

(l) all material amendments to real estate leases, together with a copy of each such amendment;

(m) immediately after becoming aware of any pending or threatened strike, work stoppage, unfair labor practice claim, or other labor dispute affecting the Borrower or any of its Subsidiaries in a manner which could reasonably be expected to have a Material Adverse Effect;

(n) concurrently with the delivery of each Borrowing Base Certificate, a listing of each Rate Management Transaction or amendment to a Rate Management Transaction that such Loan Party has entered into since the date on which a Borrowing Base Certificate was last delivered pursuant to Section 6.1(f), together with copies of all agreements evidencing such Rate Management Transactions or amendments thereto;

(o) [Intentionally omitted];

(p) any circumstances that it reasonably believes may result in an assertion that a withdrawal under Title IV of ERISA has occurred by any Loan Party or any member of its Controlled Group with respect to any Multiemployer Plan; and

(q) any other matter as the Agent may reasonably request.

6.4. Conduct of Business. Each Loan Party will:

(a) carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted;

 

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(b) do all things necessary to remain duly incorporated or organized, validly existing and (to the extent such concept applies to such entity) in good standing as a domestic corporation, partnership or limited liability company in its jurisdiction of incorporation or organization, as the case may be, and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted; provided that nothing in this Section 6.4 shall prohibit any transaction permitted by Section 6.18.

(c) keep adequate books and records with respect to its business activities in which proper entries, reflecting all financial transactions, are made in accordance with GAAP and on a basis consistent with the financial statements delivered to the Agent pursuant to Section 4.1(m);

(d) at all times maintain, preserve and protect all of its assets and properties used or useful in the conduct of its business, and keep the same in good repair, working order and condition in all material respects (taking into consideration ordinary wear and tear) and from time to time make, or cause to be made, all necessary or appropriate repairs, replacements and improvements thereto consistent with industry practices; and

(e) transact business only in such corporate and trade names as are set forth in Schedule 5.12 (as such schedule may be amended or supplemented from time to time with prompt notification to the Agent of such amendment or supplement).

6.5. Taxes. Each Loan Party will timely file complete and correct U.S. federal and applicable foreign, state and local tax returns required by law and pay when due all taxes, assessments and governmental charges and levies upon it or its income, profits, Property or Collateral, except those which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves have been set aside in accordance with GAAP. At any time that any Loan Party is organized as a limited liability company, each such limited liability company will qualify for partnership tax treatment under U.S. federal tax law.

6.6. Payment of Indebtedness and Other Liabilities. Each Loan Party will pay or discharge when due all Material Indebtedness permitted by Section 6.17 owed by such Loan Party and all other liabilities and obligations due to materialmen, mechanics, carriers, warehousemen, and landlords, except that the Loan Parties may in good faith contest, by appropriate proceedings diligently pursued, any such obligations; provided that, (a) adequate reserves have been set aside for such liabilities in accordance with GAAP, (b) no Lien shall be imposed to secure payment of such liabilities that is superior to the Agent’s Liens securing the Secured Obligations, (c) none of the Collateral becomes subject to forfeiture or loss as a result of the contest and (d) such Loan Party shall promptly pay or discharge such contested liabilities, if any, and shall deliver to the Agent evidence reasonably acceptable to the Agent of such compliance, payment or discharge, if such contest is terminated or discontinued adversely to such Loan Party or the conditions set forth in this proviso are no longer met.

 

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6.7. Insurance; Weather Hedging.

(a) Each Loan Party shall at all times maintain, with financially sound and reputable carriers having a Financial Strength rating of at least A- by A.M. Best Company, insurance against: (i) loss or damage by fire and loss in transit; (ii) theft, burglary, pilferage, larceny, embezzlement, and other criminal activities; (iii) general liability and (iv) and such other hazards, as is customary in the business of such Loan Party. All such insurance shall be in amounts, cover such assets and be under policies acceptable to the Agent in its Permitted Discretion. If any portion of any Mortgaged Property is at any time located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a “Special Flood Hazard Area” with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (now or as hereafter in effect or any successor act thereto), then the Borrower shall, or shall cause the applicable Loan Party to (A) maintain, or cause to be maintained, with a financially sound and reputable insurer, flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (B) deliver to the Agent evidence of such compliance in form and substance reasonably acceptable to the Agent. All premiums on such insurance shall be paid when due by the applicable Loan Party, and copies of the policies delivered to the Agent. If any Loan Party fails to obtain any insurance as required by this Section, the Agent at the direction of the Required Lenders may obtain such insurance at the Borrower’s expense. By purchasing such insurance, the Agent shall not be deemed to have waived any Default or Unmatured Default arising from any Loan Party’s failure to maintain such insurance or pay any premiums therefor. No Loan Party will use or permit any Property to be used in violation of applicable law or in any manner which might render inapplicable any insurance coverage.

(b) All insurance policies required under Section 6.7(a) shall name the Agent (for the benefit of the Agent and the Lenders) as an additional insured or as loss payee, as applicable, and shall provide that, or contain loss payable clauses or mortgagee clauses, in form and substance reasonably satisfactory to the Agent, which provide that:

(i) all proceeds thereunder with respect to any Collateral shall be payable to the Agent;

(ii) no such insurance shall be affected by any act or neglect of the insured or owner of the Property described in such policy; and

(iii) such policy and loss payable clauses may be canceled, amended, or terminated only upon at least thirty days prior written notice given to the Agent.

 

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(c) The Borrower must give the Agent prior written notice of any change in insurance carriers and any new insurance policy shall comply with the provisions of this Section 6.7 and otherwise be reasonably acceptable to the Agent. Without in any way limiting the foregoing, in no event shall the Borrower change their insurance carrier without first obtaining a loss payable endorsement in form and substance reasonably satisfactory to the Agent.

(d) Notwithstanding the foregoing, any insurance or condemnation proceeds received by the Loan Parties shall be immediately forwarded to the Agent and the Agent may, at its option, apply any such proceeds to the reduction of the Obligations in accordance with Section 2.15(d), provided that in the case of insurance proceeds pertaining to any Loan Party other than the Borrower, such insurance proceeds shall be applied to the Loans owing by the Borrower. The Agent may permit or require any Loan Party to use such money, or any part thereof, to replace, repair, restore or rebuild the Collateral in a diligent and expeditious manner with materials and workmanship of substantially the same quality as existed before the loss, damage or destruction. Notwithstanding the foregoing, if the casualty giving rise to such insurance proceeds could not reasonably be expected to have a Material Adverse Effect and such insurance proceeds do not exceed $500,000 in the aggregate, upon the applicable Loan Party’s request, the Agent shall permit such Loan Party to replace, restore, repair or rebuild the property; provided that, if such Loan Party has not completed or entered into binding agreements to complete such replacement, restoration, repair or rebuilding within ninety days of such casualty, the Agent may apply such insurance proceeds to the Obligations in accordance with Section 2.15. All insurance proceeds that are to be made available to the Borrower to replace, repair, restore or rebuild the Collateral shall be applied by the Agent to reduce the outstanding principal balance of the Revolving Loans (which application shall not result in a permanent reduction of the Aggregate Commitment) and upon such application, the Agent shall establish a Reserve against the Borrowing Base in an amount equal to the amount of such proceeds so applied. All insurance proceeds made available to any Loan Party that is not the Borrower to replace, repair, restore or rebuild Collateral shall be deposited in a cash collateral account. In either case, thereafter, such funds shall be made available to the applicable Loan Party to provide funds to replace, repair, restore or rebuild the Collateral as follows:

(i) the Borrower Representative, on behalf of the applicable Borrower, shall request a Revolving Loan or the Borrower Representative, on behalf of the applicable Loan Party, shall request a release from the cash collateral account be made in the amount needed;

(ii) so long as the conditions set forth in Section 4.2 have been met, the Lenders shall make such Revolving Loan or the Agent shall release funds from the cash collateral account; and

(iii) in the case of insurance proceeds applied against the Revolving Loan, the Reserve established with respect to such insurance proceeds shall be reduced by the amount of such Revolving Loan.

 

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(e) Each Loan Party shall maintain a program to hedge against business risks associated with weather as deemed appropriate by its board of directors.

6.8. Compliance with Laws. Each Loan Party will comply with all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject including, without limitation, all Environmental Laws. This covenant shall be deemed not breached by a noncompliance with the foregoing if, upon learning of such noncompliance, the affected Loan Parties promptly undertake reasonable efforts to eliminate such noncompliance, and such noncompliance and the elimination thereof, in the aggregate with any other noncompliance with any of the foregoing and the elimination thereof, could not reasonably be expected to have a Material Adverse Effect.

6.9. Maintenance of Properties and Intellectual Property Rights. Each Loan Party will do all things necessary to (i) maintain, preserve, protect and keep its Property in good repair, working order and condition, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times and (ii) obtain and maintain in effect at all times all material franchises, governmental authorizations, Intellectual Property Rights, licenses and permits, which are necessary for it to own its Property or conduct its business as conducted on the Effective Date.

6.10. Inspection. Each Loan Party will permit the Agent and, at the expense of such Lender, any Lender, by their respective employees, representatives and agents, from time to time upon two Business Days’ prior notice as frequently as the Agent reasonably determines (in its Permitted Discretion) to be appropriate, to (a) inspect any of the Property, the Collateral, and the books and financial records of such Loan Party, (b) examine, audit and make extracts or copies of the books of accounts and other financial records of such Loan Party, (c) have access to its properties, facilities, the Collateral and its advisors, officers, directors and employees to discuss the affairs, finances and accounts of such Loan Party and (d) review, evaluate and make test verifications and counts of the Accounts, Inventory and other Collateral of such Loan Party (it being understood that it is anticipated that the examinations referred to in clauses (a) through (d) of this Section 6.10 will be conducted once per year, with up to two such examinations per year to be permitted at the Agent’s sole discretion). If a Default or an Unmatured Default has occurred and is continuing or if Availability is less than 17.5% of the Aggregate Commitment, each Loan Party shall provide such access to the Agent and to each Lender at all times and without advance notice. Furthermore, so long as any Default has occurred and is continuing, each Loan Party shall provide the Agent and each Lender with access to its suppliers. Each Loan Party shall promptly make available to the Agent and its counsel originals or copies of all books and records that the Agent may reasonably request. The Loan Parties acknowledge that from time to time the Agent may prepare and may distribute to the Lenders certain audit reports pertaining to the Loan Parties’ assets for internal use by the Agent and the Lenders from information furnished to it by or on behalf of the Loan Parties, after the Agent has exercised its rights of inspection pursuant to this Agreement.

 

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6.11. Appraisals. Whenever a Default or Unmatured Default exists or Availability is less than 17.5% of the Aggregate Commitment, and at such other times as the Agent requests, the Loan Parties shall, at their sole expense, provide the Agent with appraisals or updates thereof of their Inventory, Equipment, Customer Lists and real Property from an appraiser selected and engaged by the Agent, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulations and by the internal policies of the Lenders (it being understood and agreed that appraisals with respect to Customer Lists shall be required on an annual basis).

6.12. Communications with Accountants. Each Loan Party executing this Agreement authorizes (a) the Agent and (b) so long as a Default has occurred and is continuing, each Lender, to communicate directly with its independent certified public accountants and authorizes and shall instruct those accountants and advisors to communicate to the Agent and each Lender information relating to any Loan Party with respect to the business, results of operations and financial condition of any Loan Party.

6.13. Post-Closing Obligations with respect to Real Property; Mortgage Amendments, Collateral Access Agreements, etc.. (a) The Loan Parties shall deliver to the Agent by no later than the date that is 60 days after the Effective Date (or by such other date to which the Agent may agree in its sole discretion), with respect to each parcel of owned real Property set forth on Schedule 5.23, each of the following (to the extent customary or reasonably requested), in form and substance reasonably satisfactory to the Agent:

(i) an amendment to the Existing Mortgage covering such parcel of real Property (or, in the case of the real Property located at 170 White Street, Danbury, Connecticut, a Mortgage);

(ii) a “date-down” endorsement to the existing title insurance policy for such parcel of real Property issued by the title company that issued such existing title insurance policy, which endorsement shall update the effective date of such existing title insurance policy and amend the description of the insured Existing Mortgage to include the amendment to such Existing Mortgage (or, in the case of the real Property located at 170 White Street, Danbury, Connecticut, a mortgagee’s title insurance policy (or policies) or marked up unconditional binder for such insurance);

(iii) evidence that the Borrower has paid all premiums in respect of the endorsement to the existing title policy (or, in the case of the real Property located at 170 White Street, Danbury, Connecticut, the mortgagee’s title insurance policy (or policies) or marked up unconditional binder for such insurance) for such parcel of real Property, as well as all charges for mortgage recording taxes and mortgage filing fees payable in connection with the recording of the amendment to the Existing Mortgage or new Mortgage, as the case may be, covering such parcel of real Property, and all related expenses, if any;

 

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(iv) (A) a “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each Mortgaged Property (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the Borrower or the applicable Loan Party in the event any such Mortgaged Property is located in a special flood hazard area) and (B) a copy of, or a certificate as to coverage under, the flood insurance policies required by Section 6.7(a); and

(v) such other information, documentation, and certifications as may be reasonably required by the Agent.

(b) If requested by the Agent, each Loan Party shall use commercially reasonable efforts to obtain a Collateral Access Agreement from the lessor of each leased property, mortgagee of owned property or bailee or consignee with respect to any warehouse, processor or converter facility or other location where Collateral is stored or located, which agreement or letter shall provide access rights, contain a waiver or subordination of all Liens or claims that the landlord, mortgagee or bailee or consignee may assert against the Collateral at that location, and shall otherwise be reasonably satisfactory in form and substance to the Agent. With respect to such locations or warehouse space leased or owned as of the Effective Date and thereafter, if the Agent has not received a Collateral Access Agreement as of the Effective Date (or, if later, as of the date such location is acquired or leased), the Borrower’s Eligible Inventory at that location shall be subject to such Reserves as may be established by the Agent (in its Permitted Discretion). After the Effective Date, no real property or warehouse space shall be leased by any Loan Party and no Inventory shall be shipped to a processor or converter under arrangements established after the Effective Date, unless and until, if requested by the Agent, a Collateral Access Agreement reasonably satisfactory to the Agent shall first have been obtained with respect to such location (it being understood that the Borrower shall provide the Agent with written notice prior to taking any such actions) and if it has not been obtained, the Borrower’s Eligible Inventory at that location shall be subject to the establishment of Reserves reasonably acceptable to the Agent. Each Loan Party shall timely and fully pay and perform its obligations under all leases and other agreements with respect to each leased location or third party warehouse where any Collateral is or may be located. To the extent permitted hereunder, if any Loan Party proposes to acquire a fee ownership interest in real Property after the Effective Date, it shall first provide to the Agent a mortgage or deed of trust granting the Agent a first priority Lien on such real Property, together with environmental audits, mortgage title insurance commitment, real property survey, local counsel opinion(s), and, if required by the Agent, supplemental casualty insurance and flood insurance, and such other documents, instruments or agreements reasonably requested by the Agent, in each case, in form and substance reasonably satisfactory to the Agent.

 

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6.14. Deposit Account Control Agreements. No later than the date that is 60 days after the Effective Date (or by such other date to which the Agent may agree in its sole discretion), the Loan Parties will provide to the Agent a Deposit Account Control Agreement duly executed on behalf of each financial institution holding a deposit account of a Loan Party as set forth in the Security Agreement.

6.15. Additional Collateral; Further Assurances.

(a) Subject to applicable law, each Loan Party shall, unless the Required Lenders otherwise consent, (i) cause each Subsidiary of the Parent (excluding any Foreign Subsidiary) to become or remain a Loan Party and a Guarantor and (ii) cause each Subsidiary of the Parent (excluding any Foreign Subsidiary) formed or acquired after the Effective Date in accordance with the terms of this Agreement to (1) become a party to this Agreement by executing the Joinder Agreement set forth as Exhibit F hereto (the “Joinder Agreement”), and (2) guarantee payment and performance of the Guaranteed Obligations pursuant to the Guaranty.

(b) Upon the request of the Agent, each Loan Party shall (i) grant Liens to the Agent, for the benefit of the Agent and the Lenders, pursuant to such documents as the Agent may reasonably deem necessary and deliver such property, documents, and instruments as the Agent may request to perfect the Liens of the Agent in any Property of such Loan Party which constitutes Collateral, including any parcel of real Property located in the U.S. owned by any Loan Party, and (ii) in connection with the foregoing requirements, or either of them, deliver to the Agent all items of the type required by Section 4.1 (as applicable). Upon execution and delivery of such Loan Documents and other instruments, certificates, and agreements, each such Person shall automatically become a Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents.

(c) Without limiting the foregoing, each Loan Party shall, and shall cause each of the Parent’s Subsidiaries which is required to become a Loan Party pursuant to the terms of this Agreement to, execute and deliver, or cause to be executed and delivered, to the Agent such documents and agreements, and shall take or cause to be taken such actions as the Agent may, from time to time, reasonably request to carry out the terms and conditions of this Agreement and the other Loan Documents.

6.16. Dividends.

(a) No Loan Party will declare or pay any dividends or make any distributions on its Capital Stock (other than dividends or distributions payable in its own common stock) or redeem, repurchase or otherwise acquire or retire any of its Capital Stock at any time outstanding, except that (x) any Subsidiary may declare and pay dividends or make distributions to the Borrower or to a Wholly-Owned Subsidiary of the Borrower, (y) so long as no Default or Unmatured Default then exists or would result therefrom, if the Parent qualifies as a partnership for U.S. federal income tax purposes, it may pay

 

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dividends or make distributions to its shareholders in an aggregate amount not greater than the amount necessary for such shareholders to pay their actual state and U.S. federal income tax liabilities in respect of income allocated to such shareholders by the Parent and (z) so long as no Default or Unmatured Default then exists or would result therefrom, the Borrower may pay dividends or make distributions to the Parent in an aggregate amount not to exceed $10,000,000 per Fiscal Year solely to enable the Parent to pay, as the same becomes due and payable, its overhead expenses and any legal, accounting and other professional fees and expenses it may incur. Notwithstanding the foregoing, any Loan Party may make any dividends or distributions to its respective parent company (and the Parent may make any dividends or distributions to its equity owners) or redeem, repurchase or otherwise acquire or retire any of its Capital Stock so long as (x) after giving pro forma effect thereto, Availability (with any Suppressed Availability being included in each calculation of Availability pursuant to this clause (x)) was not less than 17.5% of the Aggregate Commitment for any period of three consecutive days during the six-month period ending on the date on which such dividends, distributions, redemptions, repurchases or other acquisitions or retirements of its Capital Stock were made and is not projected to be less than 17.5% of the Aggregate Commitment during the six-month period immediately after the date on which such dividends, distributions, redemptions, repurchases or other acquisitions or retirements of its Capital Stock are made (with such projected Availability to be determined by reference to the average projected Availability on the last day of each of the relevant six months) and (y) the Fixed Charge Coverage Ratio is not less than 1.15 to 1.00 after giving pro forma effect to such distributions as if such distributions were paid on the first day of the relevant period; provided, however, that (1) no Default or Unmatured Default then exists or would result therefrom and (2) the Borrower Representative has delivered a certificate of an Authorized Officer attesting to the matters set forth in clauses (x) and (y) above and showing in reasonable detail all calculations with respect thereto.

(b) No Loan Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of intercompany loans by a Subsidiary of the Borrower to the Borrower.

6.17. Indebtedness. No Loan Party will create, incur or suffer to exist any Indebtedness, except:

(a) the Obligations;

(b) Indebtedness existing on the date hereof and described in Schedule 5.21;

(c) purchase money Indebtedness incurred in connection with the purchase of any Equipment; provided that, the amount of such purchase money Indebtedness shall be limited to an amount not in excess of the purchase price of such Equipment and the aggregate of all such purchase money Indebtedness incurred in any Fiscal Year shall not exceed $10,000,000 at any time outstanding;

 

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(d) Indebtedness which represents an extension, refinancing, or renewal of any of the Indebtedness described in clauses (b), (c), (g), (h) and (m) hereof; provided that, (i) other than with respect to any extension, refinancing or renewal of the Indebtedness described in clause (m), the principal amount or interest rate of such Indebtedness is not increased (except to the extent of the capitalization of transaction fees and expenses), (ii) any Liens securing such Indebtedness are not extended to any additional Property of any Loan Party, (iii) no Loan Party or other Subsidiary that is not originally obligated with respect to repayment of such Indebtedness is required to become obligated with respect thereto, (iv) such extension, refinancing or renewal does not result in a shortening of the average weighted maturity of the Indebtedness so extended, refinanced, or renewed, (v) the terms of any such extension, refinancing, or renewal are not more onerous to the obligor thereunder than the original terms of such Indebtedness and (iv) if the Indebtedness that is refinanced, renewed, or extended was subordinated in right of payment to the Obligations, then the terms and conditions of the refinancing, renewal, or extension Indebtedness must include subordination terms and conditions that are at least as favorable to the Agent and the Lenders as those that were applicable to the refinanced, renewed, or extended Indebtedness;

(e) Indebtedness owing by any Loan Party, other than the Parent, to any other Loan Party with respect to intercompany loans, provided further, that:

(i) the applicable Loan Parties shall have executed and delivered to the other Loan Party, on the Effective Date, a demand note (collectively, the “Intercompany Notes”) to evidence any such intercompany Indebtedness owing at any time by any Loan Party to another Loan Party, which Intercompany Notes shall be in form and substance reasonably satisfactory to the Agent and shall be pledged and delivered to the Agent pursuant to the Security Agreement as additional collateral security for the Secured Obligations;

(ii) the Loan Parties shall record all intercompany transactions on their books and records in accordance with GAAP consistently applied;

(iii) the obligations of the Loan Parties under any such Intercompany Notes shall be subordinated to the Obligations of the Loan Parties hereunder in a manner reasonably satisfactory to the Agent;

(iv) at the time any such intercompany loan or advance is made by a Loan Party and after giving effect thereto, such Loan Party shall be Solvent; and

(v) no Default or Unmatured Default would occur and be continuing after giving effect to any such proposed intercompany loan;

(f) (i) Contingent Obligations (A) by endorsement of instruments for deposit or collection in the ordinary course of business, (B) consisting of the Reimbursements Obligations and (C) consisting of the Guaranty and guarantees of Indebtedness incurred

 

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for the benefit of any other Loan Party (other than the Parent) if the primary obligation is not prohibited elsewhere in this Agreement and (ii) Indebtedness consisting of the excess of the benefit obligations of each Single Employer Plan over the fair market value of the assets of each such Plan, so long as the amount of such Indebtedness for all such Single Employer Plans, determined as of the most recent valuation date for each Plan using PBGC actuarial assumptions for single employer plan termination, does not, individually or in the aggregate, create a Material Adverse Effect;

(g) Capitalized Lease Obligations which in the aggregate do not exceed $2,500,000 in any Fiscal Year;

(h) Indebtedness assumed in connection with any Permitted Acquisition; provided that, the aggregate amount of Indebtedness assumed under this clause (h) shall not exceed $1,000,000 and provided further that, such Indebtedness is not incurred in connection with, or in contemplation or anticipation of, such Permitted Acquisition and does not attach to any asset of the Borrower or any of its Subsidiaries;

(i) Indebtedness arising under Rate Management Transactions, so long as such Rate Management Transactions (i) are entered into to hedge or mitigate risks to which a Loan Party has actual exposure and (ii) are not entered into for investment or speculative purposes;

(j) [Intentionally omitted];

(k) Parent Subordinated Debt;

(l) other unsecured Indebtedness in an amount not in excess of $10,000,000; and

(m) Indebtedness arising under the 2010 Parent Indenture.

6.18. Merger. No Loan Party will merge or consolidate with or into any other Person, except that (a) any Subsidiary of the Borrower may merge into the Borrower or a Wholly-Owned Subsidiary of the Borrower and (b) any Loan Party (other than the Borrower) may merge with any other Loan Party.

6.19. Sale of Assets. No Loan Party will lease, sell or otherwise dispose of its Property (including any Capital Stock owned by it) to any other Person, except:

(a) sales of Inventory in the ordinary course of business;

(b) the sale or other disposition of Equipment and the sale and/or leasing of real property that is obsolete or no longer useful in such Loan Party’s business and having a book value not exceeding $10,000,000 in the aggregate in any Fiscal Year; and

 

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(c) the sale or disposition of other assets having a book value not exceeding a Substantial Portion in the aggregate in any Fiscal Year.

The Net Cash Proceeds of any sale or disposition permitted pursuant to this Section (other than pursuant to Section 6.19(a)) shall be delivered to the Agent as required by Section 2.15 and applied to the Obligations as set forth therein.

6.20. Investments and Acquisitions. No Loan Party will (i) make or suffer to exist any Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, (ii) create any Subsidiary, (iii) become or remain a partner in any partnership or joint venture, or (iv) make any Acquisition, except:

(a) Cash Equivalent Investments, subject to control agreements in favor of the Agent for the benefit of the Lenders or otherwise subject to a perfected security interest in favor of the Agent for the benefit of the Lenders;

(b) Investments in Subsidiaries existing as of the Effective Date;

(c) other Investments in existence on the Effective Date and described in Schedule 6.20;

(d) Investments consisting of loans or advances made to employees of such Loan Party on an arms-length basis in the ordinary course of business consistent with past practices for travel and entertainment expenses, relocation costs and similar purposes up to a maximum of $250,000 to any employee and up to a maximum of $1,000,000 in the aggregate at any one time outstanding;

(e) subject to Sections 4.2(a) and 4.4 of the Security Agreement, Investments comprised of notes payable, or stock or other securities issued by Account Debtors to such Loan Party pursuant to negotiated agreements with respect to settlement of such Account Debtor’s Accounts in the ordinary course of business, consistent with past practices, or acquired as a result of the bankruptcy or reorganization of such Account Debtor;

(f) additional Investments in Wholly-Owned Subsidiaries which are Loan Parties;

(g) Permitted Acquisitions and the formation of Wholly-Owned Subsidiaries of the Borrower in connection with a Permitted Acquisition;

(h) other Investments not to exceed (i) $3,000,000 in the aggregate during the 12 month period after the Effective Date and (ii) $10,000,000 in the aggregate during the term of this Agreement; and

(i) Investments in any existing or future, direct or indirect, Subsidiary which exists for the sole purpose of obtaining and holding a license which the Borrower deems necessary or advisable for its business; provided that (i) the total Investment in such

 

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Subsidiary does not exceed $100,000 in the aggregate for any one such Subsidiary or $200,000 in the aggregate for all such Subsidiaries and (ii) if the failure to have such license could reasonably be expected to have a Material Adverse Effect, the Subsidiary holding such license shall be a Guarantor.

6.21. Liens.

(a) No Loan Party will create, incur, or suffer to exist any Lien in, of, or on the Property of such Loan Party, except the following (collectively, “Permitted Liens”):

(i) Liens for taxes, fees, assessments, or other governmental charges or levies on the Property of such Loan Party if such Liens (1) shall not at the time be delinquent or (2) subject to the provisions of Section 6.6, do not secure obligations in excess of $1,000,000, are being contested in good faith and by appropriate proceedings diligently pursued, adequate reserves in accordance with GAAP have been set aside on the books of such Loan Party, and a stay of enforcement of such Lien is in effect;

(ii) Liens imposed by law, such as carrier’s, warehousemen’s, and mechanic’s Liens and other similar Liens arising in the ordinary course of business which secure payment of obligations not more than ten days past due or which are being contested in good faith by appropriate proceedings diligently pursued and for which adequate reserves shall have been set aside on such Loan Party’s books;

(iii) statutory Liens in favor of landlords of real Property leased by such Loan Party; provided that, such Loan Party is current with respect to payment of all rent and other amounts due to such landlord under any lease of such real Property;

(iv) Liens arising out of pledges or deposits under worker’s compensation laws, unemployment insurance, old age pensions, or other social security or retirement benefits, or similar legislation or to secure the performance of bids, tenders, or contracts (other than for the repayment of Indebtedness) or to secure indemnity, performance, or other similar bonds for the performance of bids, tenders, or contracts (other than for the repayment of Indebtedness) or to secure statutory obligations (other than liens arising under ERISA or Environmental Laws) or surety or appeal bonds, or to secure indemnity, performance, or other similar bonds;

(v) Leases or subleases granted to others in the ordinary course of business, utility easements, building restrictions, and such other encumbrances or charges against real Property as are of a nature generally existing with respect to properties of a similar character, which do not in any material way affect the marketability or impair the value of such real Property, which do not interfere with the use thereof in the business of such Loan Party and which do not impair the ability of the Agent or the Lenders to realize upon the Collateral;

 

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(vi) Liens existing on the Effective Date and described in Schedule 6.21;

(vii) Liens resulting from any extension, refinancing, or renewal of the related Indebtedness as permitted pursuant to Section 6.17(d); provided that, the Liens evidenced thereby are not increased to cover any additional Property not originally covered thereby;

(viii) Liens securing purchase money Indebtedness of such Loan Party permitted pursuant to Section 6.17(c); provided that, such Liens attach only to the Property which was purchased with the proceeds of such purchase money Indebtedness;

(ix) Liens on property or assets (other than Accounts and Inventory) acquired pursuant to a Permitted Acquisition, or on property or assets (other than Accounts and Inventory) of a Loan Party in existence at the time such Loan Party is acquired pursuant to a Permitted Acquisition, provided that (1) any Indebtedness that is secured by such Liens is permitted under Section 6.17, and (2) such Liens are not incurred in connection with, or in contemplation or anticipation of, such Permitted Acquisition and do not attach to any asset of any other Loan Party;

(x) Liens in favor of the Agent granted pursuant to any Loan Document and Liens in respect of other Secured Obligations;

(xi) [Intentionally omitted]; and

(xii) any attachment or judgment Lien, unless the judgment it secures shall not, within 30 days after notice of the entry thereof, have been discharged or execution thereof stayed pending appeal or review, or shall not have been discharged within 30 days after expiration of any such stay.

(b) Notwithstanding the foregoing, none of the Liens permitted pursuant to this Section 6.21, other than (1) clauses (i), (x) and (xi) above, may at any time attach to any Accounts of any Loan Party and (2) clauses (i) through (iii), (x) and (xi) above, may at any time attach to any Inventory of any Loan Party.

(c) Other than as provided in the Loan Documents, the 2010 Parent Indenture or in connection with the creation or incurrence of any Indebtedness under Section 6.17(c), no Loan Party will enter into or become subject to any negative pledge or other restriction on the right of such Loan Party to grant Liens to the Agent and the Lenders on any of its Property; provided that, any such negative pledge or other restriction entered into in connection with the creation of Indebtedness under Section 6.17(c) shall be limited to the Property securing such purchase money Indebtedness.

 

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6.22. Change of Name or Location; Change of Fiscal Year. No Loan Party shall (a) change its name as it appears in official filings in the state of its incorporation or organization, (b) change its chief executive office, principal place of business, mailing address, corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral as set forth in the Security Agreement, (c) change the type of entity that it is for state law or income tax purposes, (d) change its organization identification number, if any, issued by its state of incorporation or other organization or (e) change its state of incorporation or organization, in each case, unless (1) the Agent shall have received at least thirty days prior written notice of such change and (2) the Agent shall have acknowledged in writing that, either (i) such change will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral, or (ii) any reasonable action requested by the Agent in connection therewith has been completed or taken (including any action to continue the perfection of any Liens in favor of the Agent, on behalf of Lenders, in any Collateral), provided that, any new location shall be in the continental U.S. No Loan Party shall change its Fiscal Year. Notwithstanding the foregoing, the Parent may make an election to be treated as a corporation or association for income tax purposes only without meeting the requirements of (1) and (2) of this Section 6.22 provided that the Agent shall receive written notice of the election within 10 days of the date such election was made and that the election will not materially increase the combined income tax liability of the Loan Parties.

6.23. Affiliate Transactions. No Loan Party will enter into any transaction (including, without limitation, the purchase or sale of any Property or service) with, or make any payment or transfer (including, without limitation, any payment or transfer with respect to any fees or expenses for management services) to, any Affiliate which is not a Loan Party except in the ordinary course of business and pursuant to the reasonable requirements of such Loan Party’s business and upon fair and reasonable terms no less favorable to such Loan Party than such Loan Party would obtain in a comparable arms-length transaction. No Loan Party shall pay any amount in respect of Management Fees and Expenses; provided that, so long as no Default or Unmatured Default then exists or would result therefrom (after giving pro forma effect thereto), the Parent may pay Management Fees and Expenses to the General Partner pursuant to the Second Amended and Restated Agreement of Limited Partnership, as in effect on the date hereof.

6.24. Amendments to Agreements. No Loan Party will, nor will any Loan Party permit any of its Subsidiaries to, amend, modify, terminate or waive any of its rights under its articles of incorporation, charter, certificate of formation, by-laws, operating, management or partnership agreement or other organizational document or the 2010 Parent Indenture to the extent any such amendment, modification, termination or waiver would be materially adverse to the Lenders.

 

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6.25. Prepayment of Indebtedness; Subordinated Indebtedness.

(a) No Loan Party shall, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Indebtedness prior to its scheduled maturity, other than (i) the Obligations; (ii) Indebtedness secured by a Permitted Lien if the asset securing such Indebtedness has been sold or otherwise disposed of; (iii) Indebtedness permitted by Section 6.17(d) upon any refinancing thereof in accordance therewith; (iv) Indebtedness permitted by Section 6.17 (c), (e) and (g); and (v) other Indebtedness in respect of the 2010 Parent Notes so long as, with respect to this clause (v), (A) after giving pro forma effect to such voluntary purchase, redemption, defeasance or prepayment, Availability (with any Suppressed Availability being included in each calculation of Availability pursuant to this clause (x)) was not less than 17.5% of the Aggregate Commitment for any period of three consecutive days during the six-month period ending on the date on which such voluntary purchase, redemption, defeasance or prepayment was made and is not projected to be less than 17.5% of the Aggregate Commitment during the six-month period immediately after the date on which such voluntary purchase, redemption, defeasance or prepayment is made (with such projected Availability to be determined by reference to the average projected Availability on the last day of each of the relevant six months), (B) the Fixed Charge Coverage Ratio is at least 1.15 to 1.0 on a pro forma basis for such voluntary purchase, redemption, defeasance or prepayment, and (C) the Borrower Representative has delivered a certificate of an Authorized Officer attesting to the matters set forth in clauses (v)(A) and (B) above and showing in reasonable detail all calculations with respect thereto; provided that, notwithstanding the foregoing, in no event shall any voluntary purchase, redemption, defeasance or prepayment in respect of the 2010 Parent Notes be permitted on any day during any Seasonal Availability Period or the Business Day immediately following any Seasonal Availability Period.

(b) No Loan Party shall make any amendment or modification that is in any way adverse to the interests of the Lenders, to the indenture, note or other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness.

6.26. Financial Contracts. No Loan Party shall enter into or remain liable upon any Financial Contract, except for Rate Management Transactions permitted by Section 6.17 and Section 6.33.

6.27. Capital Expenditures. The Loan Parties shall not expend, or be committed to expend, in excess of $7,500,000 for Capital Expenditures during any Fiscal Year in the aggregate for the Parent and its Subsidiaries; provided however, that the amount of permitted Capital Expenditures will be increased in any Fiscal Year by the amount, if positive, equal to 50% of the difference between the Capital Expenditures limit specified above minus the actual amount of any Capital Expenditures expended during the prior Fiscal Year (the “Carry Over Amount”). Any Carry Over Amount may only be carried over to the next succeeding year.

 

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6.28. Financial Covenant. To the extent Availability is at any time less than 12.5% of the Aggregate Commitment, the Borrower will not permit the Fixed Charge Coverage Ratio at any such time to be less than 1.1 to 1.0.

6.29. Depository Banks. Each Loan Party shall maintain either (a) the Agent or (b) any other financial institution reasonably acceptable to the Agent that has executed and delivered to the Agent satisfactory control agreements, as such Loan Party’s principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

6.30. Real Property Purchases. Except as otherwise permitted in connection with a Permitted Acquisition, no Loan Party shall purchase a fee simple ownership interest in real Property with an aggregate purchase price in excess of $2,000,000.

6.31. Sale of Accounts. No Loan Party will, nor will any Loan Party permit its Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

6.32. Parent. The Parent shall not engage in any trade or business, or own any assets (other than the Capital Stock of its Subsidiaries) or incur any Indebtedness (other than the Secured Obligations, its existing Indebtedness (including the 2010 Parent Notes permitted under Section 6.17(m) and Guaranties); provided that the Parent may also (x) incur Indebtedness to the extent incurred to refinance the 2010 Parent Notes pursuant to Section 6.17(d) and (y) incur Indebtedness that is subordinated to the Obligations on terms satisfactory to the Agent in its Permitted Discretion (“Parent Subordinated Debt”); provided further that, in the case of clause (y) above, (i) the Net Cash Proceeds of such Parent Subordinated Debt are contributed to Petro as a common equity contribution and (ii) the Parent has provided the Agent with all documents evidencing such Parent Subordinated Debt at least 5 Business Days prior to the issuance or incurrence thereof.

6.33. Fixed Price Supply Contracts; Certain Policies.

(a) No Loan Party will at any time be a party or subject to any contract for the purchase or supply by such parties of any product except where (i) the purchase price is set with reference to a spot index or indices substantially contemporaneously with the delivery of such product or (ii) delivery of such product is to be made no more than 18

 

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months after the purchase price is agreed to (subject to appropriate hedging with respect to the delivery of such products in accordance with the hedging policies of the relevant Loan Parties).

(b) No Loan Party will amend, modify or waive the hedging policy or supply inventory position policy referred to in Section 5.33, except that any Loan Party may enter into Commodity Hedging Agreements as permitted under the other provisions hereof. Such Loan Party will provide the Agent and the Lenders with prompt written notice of any such new Commodity Hedging Agreement. Subject to the foregoing exception, each Loan Party will comply in all material respects with such policies at all times.

ARTICLE VII

DEFAULTS

The occurrence of any one or more of the following events shall constitute a “Default” hereunder:

(a) any representation or warranty made or deemed made by or on behalf of any Loan Party to any Lender or the Agent under or in connection with this Agreement, any other Loan Document, any Credit Extension, or any certificate or information delivered in connection with any of the foregoing shall be materially false on the date as of which made;

(b) (i) nonpayment, when due (whether upon demand or otherwise), of any principal owing under any of the Loan Documents and (ii) nonpayment, within 2 days after it is due, of any interest, fee, Reimbursement Obligation or any other obligation owing under any of the Loan Documents;

(c) the breach by any Loan Party of any of the terms or provisions of Section 6.1, 6.2, 6.3(a), 6.13, 6.14, 6.16 through 6.34;

(d) the breach by any Loan Party (other than a breach which constitutes a Default under another Section of this Article VII) of any of the terms or provisions of (i) Section 6.3 (other than Section 6.3(a)) or 6.4 through 6.15 of this Agreement which is not remedied within 10 days after the earlier of such breach or written notice from the Agent or any Lender or (ii) any other Section of this Agreement which is not remedied within 20 days after the earlier of such breach or written notice from the Agent or any Lender;

(e) failure of any Loan Party to pay when due any Material Indebtedness or a default, breach or other event occurs under any term, provision or condition contained in any Material Indebtedness Agreement of any Loan Party, the effect of which default, event or condition is to cause, or to permit the holder(s) of such Material Indebtedness or the lender(s) under any Material Indebtedness Agreement to cause, such Material Indebtedness to become due prior to its stated maturity or any commitment to lend under any Material Indebtedness Agreement to be terminated prior to its stated expiration date; any Material Indebtedness of any Loan Party shall be declared to be due and payable or

 

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required to be prepaid or repurchased (other than by a regularly scheduled payment) prior to the stated maturity thereof; or any Loan Party shall not pay, or admit in writing its inability to pay, its debts generally as they become due;

(f) any Loan Party shall (i) have an order for relief entered with respect to it under the Bankruptcy Code as now or hereafter in effect, (ii) make an assignment for the benefit of creditors, (iii) apply for, seek, consent to, or acquiesce in, the appointment of a receiver, custodian, trustee, examiner, liquidator or similar official for it or any portion of its Property which constitutes a Substantial Portion, (iv) institute any proceeding seeking an order for relief under the Bankruptcy Code as now or hereafter in effect or seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors or fail to file an answer or other pleading denying the material allegations of any such proceeding filed against it, (v) take any corporate or partnership action to authorize or effect any of the foregoing actions set forth in this subsection (f) or (vi) fail to contest in good faith any appointment or proceeding described in subsection (g) below;

(g) a receiver, trustee, examiner, liquidator or similar official shall be appointed for any Loan Party or any portion of its Property which constitutes a Substantial Portion, or a proceeding described in subsection (f)(iv) of Article VII shall be instituted against any Loan Party and such appointment continues undischarged or such proceeding continues undismissed or unstayed for a period of sixty consecutive days;

(h) any court, government or governmental agency shall condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of any Loan Party which, when taken together with all other Property of any Loan Party so condemned, seized, appropriated, or taken custody or control of, during the twelve-month period ending with the month in which any such action occurs, constitutes a Substantial Portion;

(i) any loss, theft, damage or destruction of any item or items of Collateral or other property of any Loan Party occurs which could reasonably be expected to cause a Material Adverse Effect and is not adequately covered by insurance;

(j) any Loan Party shall fail within thirty days to pay, bond or otherwise discharge one or more (i) judgments or orders for the payment of money in excess of $500,000 (or the equivalent thereof in currencies other than U.S. Dollars) in the aggregate, or (ii) nonmonetary judgments or orders which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, which judgments or orders, in any such case, are not stayed on appeal or otherwise being appropriately contested in good faith by proper proceedings diligently pursued;

(k) any Change in Control shall occur;

 

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(l) an ERISA Event shall have occurred which, together with all such other ERISA Events that have occurred, singly or in the aggregate, could reasonably be expected to have a Material Adverse Effect;

(m) any Loan Party shall (i) be the subject of any proceeding or investigation pertaining to the release by any Loan Party or any other Person of any toxic or hazardous waste or substance into the environment, or (ii) violate any Environmental Law, which, in the case of an event described in clause (i) or clause (ii), could reasonably be expected to have a Material Adverse Effect;

(n) the occurrence of any “default”, as defined in any Loan Document (other than this Agreement) or the breach of any of the terms or provisions of any Loan Document (other than this Agreement), which default or breach continues beyond any period of grace therein provided;

(o) the Guaranty or the partnership agreement of the Parent shall fail to remain in full force or effect or any action shall be taken to discontinue or to assert the invalidity or unenforceability of the Guaranty or the partnership agreement of the Parent, or any Guarantor shall fail to comply with any of the terms or provisions of the Guaranty to which it is a party, or any Guarantor shall deny that it has any further liability under the Guaranty to which it is a party, or shall give notice to such effect;

(p) any Collateral Document shall for any reason fail to create a valid and perfected first priority security interest in any Collateral purported to be covered thereby, except as permitted by the terms of any Collateral Document, or any Collateral Document shall fail to remain in full force or effect or any action shall be taken to discontinue or to assert the invalidity or unenforceability of any Collateral Document, or any Loan Party shall fail to comply with any of the terms or provisions of any Collateral Document;

(q) any material provision of any Loan Document for any reason ceases to be valid, binding and enforceable in accordance with its terms (or any Loan Party shall challenge the enforceability of any Loan Document or shall assert in writing, or engage in any action or inaction based on any such assertion, that any provision of any of the Loan Documents has ceased to be or otherwise is not valid, binding and enforceable in accordance with its terms);

(r) the representations and warranties set forth in Section 5.17 (Plan Assets; Prohibited Transactions) shall at any time not be true and correct; or

(s) the Borrower or any of its Subsidiaries shall fail to pay when due any Operating Lease Obligation in excess of $750,000.

 

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ARTICLE VIII

REMEDIES; WAIVERS AND AMENDMENTS

8.1. Remedies.

(a) If any Default occurs, the Agent may in its discretion (and at the written request of the Required Lenders, shall) (i) reduce or terminate the Aggregate Commitment or the Commitment, (ii) reduce the advance rates set forth in the definition of the Borrowing Base or reduce one or more of the other elements used in computing the Borrowing Base, (iii) terminate or suspend the obligations of the Lenders to make Loans hereunder and the obligation and power of the LC Issuer to issue Facility LCs, (iv) declare all or any portion of the Obligations to be due and payable, whereupon such Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, (v) upon notice to the Borrower Representative and in addition to the continuing right to demand payment of all amounts payable under this Agreement, the Agent may either (1) make demand on the Borrower to pay, and the Borrower will, forthwith upon such demand and without any further notice or act, pay to the Agent an amount, in immediately available funds (which funds shall be held in the Facility LC Collateral Account), equal to 105% of the Collateral Shortfall Amount or (2) deliver a Supporting Letter of Credit as required by Section 2.1.2(l), whichever the Agent may specify in its sole discretion, (vi) increase the rate of interest applicable to the Loans and the LC Fees as set forth in this Agreement and (vii) exercise any rights and remedies provided to the Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC.

(b) If any Default described in subsections (f) or (g) of Article VII occurs with respect to any Loan Party, the obligations of the Lenders to make Loans hereunder and the obligation and power of the LC Issuer to issue Facility LCs shall automatically terminate and all Obligations shall immediately become due and payable without any election or action on the part of the Agent, the LC Issuer or any Lender and the Loan Parties will be and become thereby unconditionally obligated, without any further notice, act or demand, to pay to the Agent an amount equal to 105% of the Collateral Shortfall Amount, which funds shall be deposited in the Facility LC Collateral Account.

(c) If, within thirty days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to make Loans and the obligation and power of the LC Issuer to issue Facility LCs hereunder as a result of any Default (other than any Default as described in subsections (f) or (g) of Article VII with respect to the Borrower) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Agent shall, by notice to the Borrower Representative, rescind and annul such acceleration and/or termination.

(d) If at any time while any Default is continuing, the Agent determines that the Collateral Shortfall Amount at such time is greater than zero, the Agent may make demand on the Borrower (upon notice to the Borrower Representative) to pay, and the Borrower will, forthwith upon such demand and without any further notice or act, pay to the Agent an amount equal to 105% of the Collateral Shortfall Amount, which funds shall be deposited in the Facility LC Collateral Account. The Borrower hereby pledges, assigns, and grants to the Agent, on behalf of and for the benefit of the Agent, the Lenders, and the LC Issuer, a security interest in all of the Borrower’s right, title, and

 

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interest in and to all funds which may from time to time be on deposit in the Facility LC Collateral Account to secure the prompt and complete payment and performance of the Obligations.

(e) The Agent may at any time or from time to time after funds are deposited in the Facility LC Collateral Account, apply such funds to the payment of the Obligations and any other amounts as shall from time to time have become due and payable by the Borrower to the Lenders or the LC Issuer under the Loan Documents.

(f) At any time while any Default is continuing, neither the Borrower nor any Person claiming on behalf of or through the Borrower shall have any right to withdraw any of the funds held in the Facility LC Collateral Account. After all of the Secured Obligations have been indefeasibly paid in full and the Aggregate Commitment has been terminated, any funds remaining in the Facility LC Collateral Account shall be returned by the Agent to the Borrower or paid to whomever may be legally entitled thereto at such time.

8.2. Waivers by Loan Parties. Except as otherwise provided for in this Agreement or by applicable law, each Loan Party waives: (a) presentment, demand and protest and notice of presentment, dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments, chattel paper and guaranties at any time held by the Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever the Agent may do in this regard, (b) all rights to notice and a hearing prior to the Agent’s taking possession or control of, or to the Agent’s replevy, attachment or levy upon, the Collateral or any bond or security that might be required by any court prior to allowing the Agent to exercise any of its remedies, and (c) the benefit of all valuation, appraisal, marshaling and exemption laws.

8.3. Amendments

(a) Subject to the provisions of this Section 8.3, no amendment, waiver or modification of any provision of this Agreement or any other Loan Document, and no consent with respect to any departure by any Loan Party therefrom, shall be effective unless the same shall be in writing and signed by the Required Lenders (or the Agent with the consent in writing of the Required Lenders) and the Loan Parties and then any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given; provided, however, that no such amendment, waiver or modification shall (i) include additional categories of Collateral in the Borrowing Base if such inclusion would increase Availability, (ii) increase the amount to be added to the calculation of the Borrowing Base pursuant to clause (e) of the definition thereof or (iii) modify any Eligibility Definition if such modification would increase Availability, in each case, without the prior written consent of the Lenders in the aggregate holding at least 75% of the Aggregate Commitment or, if the Aggregate Commitment has been terminated, Lenders in the aggregate holding at least 75% of the Aggregate Credit Exposure.

 

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(b) Notwithstanding subsection (a) above, no such amendment, waiver or other modification with respect to this Agreement shall

(i) without the consent of each Lender directly affected thereby:

(A) extend the final maturity of any Loan to a date after the Facility Termination Date;

(B) postpone any regularly scheduled payment of principal of any Loan or reduce or forgive all or any portion of the principal amount of any Loan or any Reimbursement Obligation or reduce the amount or extend the payment date for, the mandatory payments required under Article II;

(C) reduce the rate or extend the time of payment of interest or fees payable to the Lenders pursuant to any Loan Document;

(D) extend the Facility Termination Date;

(E) increase the amount of the Commitment of any Lender hereunder (other than pursuant to Section 12.3); or

(F) amend this Section 8.3; and

(ii) without the consent of all of the Lenders:

(A) increase the percentage advances rates set forth in the definition of Borrowing Base;

(B) change Section 2.18 hereof in any manner that would alter the sharing of payments required thereunder;

(C) reduce the percentage or number of Lenders specified in the definition of Required Lenders or eliminate or reduce the voting rights of any Lender under this Section 8.3;

(D) permit any Loan Party to assign its rights under this Agreement;

(E) release all or substantially all of the Guarantors; or

(F) except as provided in any Collateral Document, release all or substantially all of the Collateral.

(c) No amendment of any provision of this Agreement relating to the Agent or to the Non-Ratable Loans, the Swingline Loans, the Overadvances or the Protective Advances shall be effective without the written consent of the Agent. No amendment of any provision relating to the LC Issuer shall be effective without the written consent of the LC Issuer. The Agent may (i) amend Schedule I to reflect assignments entered into pursuant to Section 12.3 and (ii) waive payment of the fee required under Section 12.3(c) without obtaining the consent of any other party to this Agreement.

 

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(d) If, in connection with any proposed amendment, waiver or consent (a “Proposed Change”) requiring the consent of all Lenders, the consent of the Required Lenders is obtained, but the consent of other Lenders is not obtained (any such Lender whose consent is not obtained being referred to herein as a “Non-Consenting Lender”), then, so long as the Agent is not a Non-Consenting Lender, the Borrower may elect to replace such Non-Consenting Lender as a Lender party to this Agreement, provided that, concurrently with such replacement, (i) another bank or other entity which is reasonably satisfactory to the Borrower and the Agent shall agree, as of such date, to purchase for cash the Advances and other Obligations due to the Non-Consenting Lender pursuant to an Assignment Agreement (provided that, if such purchase is otherwise made in accordance with the terms hereof, the Administrative Agent may, in its sole discretion, deem such purchase to have been made pursuant to an Assignment Agreement without requiring the execution of an Assignment Agreement by any party, and each party hereto hereby agrees for all purposes hereunder and under the other Loan Documents that such purchase shall be deemed to have been effected pursuant to an executed Assignment Agreement in respect of such purchased amount and each Person that would have otherwise been required to be a party thereto shall be bound by the provisions thereof) and to become a Lender for all purposes under this Agreement and to assume all obligations of the Non-Consenting Lender to be terminated as of such date and to comply with the requirements of Section 12.3 applicable to assignments, and (ii) the Borrower shall pay to such Non-Consenting Lender in same day funds on the day of such replacement (1) all interest, fees and other amounts then accrued but unpaid to such Non-Consenting Lender by the Borrower hereunder to and including the date of termination, including without limitation payments due to such Non-Consenting Lender under Sections 3.1, 3.2 and 3.5, and (2) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 3.4 had the Loans of such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender.

8.4. Preservation of Rights. No delay or omission of the Lenders, the LC Issuer or the Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence therein, and the making of a Credit Extension notwithstanding the existence of a Default or the inability of the Borrower to satisfy the conditions precedent to such Credit Extension shall not constitute any waiver or acquiescence. Any single or partial exercise of any such right shall not preclude other or further exercise thereof or the exercise of any other right, and no waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless in writing signed by the Lenders required pursuant to Section 8.3, and then only to the extent in such writing specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all shall be available to the Agent, the LC Issuer and the Lenders until the Obligations have been paid in full.

 

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ARTICLE IX

GENERAL PROVISIONS

9.1. Survival of Representations. All representations and warranties of the Loan Parties contained in this Agreement and the other Loan Documents shall survive the execution and delivery of the Loan Documents and the making of the Credit Extensions herein contemplated.

9.2. Governmental Regulation. Anything contained in this Agreement to the contrary notwithstanding, neither the LC Issuer nor any Lender shall be obligated to extend credit to the Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation.

9.3. Headings. Section headings in the Loan Documents are for convenience of reference only, and shall not govern the interpretation of any of the provisions of the Loan Documents.

9.4. Entire Agreement. The Loan Documents embody the entire agreement and understanding among the Loan Parties, the Agent, the LC Issuer and the Lenders and supersede all prior agreements and understandings among the Loan Parties, the Agent and the Lenders relating to the subject matter thereof other than those contained in the Fee Letter which shall survive and remain in full force and effect during the term of this Agreement.

9.5. Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other lender (except to the extent to which the Agent is authorized to act as administrative agent for the Lenders hereunder). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and assigns, provided however, that the parties hereto expressly agree that the Arranger shall enjoy the benefits of the provisions of Sections 9.6, 9.10 and 10.11 to the extent specifically set forth therein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement.

9.6. Expenses; Indemnification

(a) Expenses. The Borrower shall reimburse the Agent and the Arrangers for any costs, internal charges and reasonable out-of-pocket expenses (including attorneys’ fees and time charges of attorneys for the Agent, which attorneys may be employees of the Agent) paid or incurred by the Agent or the Arrangers in connection with the preparation,

 

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negotiation, execution, delivery, syndication, distribution (including, without limitation, via the internet or through a service such as IntraLinks), review, amendment, modification, and administration of the Loan Documents. The Borrower also agrees to reimburse the Agent, the Arrangers, the LC Issuer and the Lenders for any costs, internal charges and out-of-pocket expenses (including attorneys’ fees and time charges of attorneys for the Agent, the Arrangers, the LC Issuer and the Lenders, which attorneys may be employees of the Agent, the Arrangers, the LC Issuer or the Lenders) paid or incurred by the Agent, the Arrangers, the LC Issuer or any Lender in connection with the collection and enforcement of the Loan Documents. Expenses being reimbursed by the Borrower under this Section include, without limitation, costs and expenses incurred in connection with:

(i) appraisals of all or any portion of the Collateral, including each parcel of real Property or interest in real Property, Machinery or Equipment described in any Collateral Document, which appraisals shall be in conformity with the applicable requirements of any law or any governmental rule, regulation, policy, guideline or directive (whether or not having the force of law), or any interpretation thereof, including, without limitation, the provisions of Title XI of FIRREA, and any rules promulgated to implement such provisions (including reasonable travel, lodging, meals and other out of pocket expenses);

(ii) field examinations and audits and the preparation of Reports at the Agent’s then customary charge, plus reasonable travel, lodging, meals and other out of pocket expenses;

(iii) any amendment, modification, supplement, consent, waiver or other documents prepared with respect to any Loan Document and the transactions contemplated thereby;

(iv) lien and title searches and title insurance;

(v) taxes, fees and other charges for recording the Mortgages, filing financing statements and continuations, and other actions to perfect, protect, and continue the Agent’s Liens (including costs and expenses paid or incurred by the Agent in connection with the consummation of the Agreement);

(vi) sums paid or incurred to take any action required of any Loan Party under the Loan Documents that such Loan Party fails to pay or take;

(vii) any litigation, contest, dispute, proceeding or action (whether instituted by Agent, the LC Issuer, any Lender, any Loan Party or any other Person and whether as to party, witness or otherwise) in any way relating to the Collateral, the Loan Documents or the transactions contemplated thereby; and

(viii) costs and expenses of forwarding loan proceeds, collecting checks and other items of payment, and establishing and maintaining the Funding Account and lock boxes, and costs and expenses of preserving and protecting the Collateral.

 

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The foregoing shall not be construed to limit any other provisions of the Loan Documents regarding costs and expenses to be paid by the Borrower. All of the foregoing costs and expenses may be charged to the Borrower’s Funding Account as Revolving Loans or to another deposit account, all as described in Section 2.17(b).

(b) Indemnification. The Borrower hereby further agrees to indemnify the Agent, the Arrangers, the LC Issuer, each Lender, their respective Affiliates, and each of their directors, officers and employees against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all expenses of litigation or preparation therefor whether or not the Agent, the Arrangers, the LC Issuer, any Lender or any Affiliate is a party thereto) which any of them may pay or incur arising out of or relating to this Agreement, the other Loan Documents, the transactions contemplated hereby or the direct or indirect application or proposed application of the proceeds of any Credit Extension hereunder except to the extent that they are determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the party seeking indemnification. The obligations of the Borrower under this Section 9.6 shall survive the termination of this Agreement.

9.7. Numbers of Documents. All statements, notices, closing documents, and requests hereunder shall be furnished to the Agent with sufficient counterparts so that the Agent may furnish one to each of the Lenders.

9.8. Accounting. Except as provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with GAAP in a manner consistent with that used in preparing the financial statements referred to in Section 5.5. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and the Borrower (through the Borrower Representative), the Agent or the Required Lenders shall so request the Agent, the Lenders and the Loan Parties shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and the Borrower shall provide to the Agent and the Lenders reconciliation statements showing the difference in such calculation, together with the delivery of monthly, quarterly and annual financial statements required hereunder.

9.9. Severability of Provisions. Any provision in any Loan Document that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable.

 

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9.10. Nonliability of Lenders. The relationship between any Loan Party on the one hand and the Lenders, the LC Issuer and the Agent on the other hand shall be solely that of debtor and creditor. Neither the Agent, the Arrangers, the LC Issuer nor any Lender shall have any fiduciary responsibilities to any Loan Party. Neither the Agent, the Arrangers, the LC Issuer nor any Lender undertakes any responsibility to any Loan Party to review or inform such Loan Party of any matter in connection with any phase of any Loan Party’s business or operations. The Loan Parties agree that neither the Agent, the Arrangers, the LC Issuer nor any Lender shall have liability to any Loan Party (whether sounding in tort, contract or otherwise) for losses suffered by any Loan Party in connection with, arising out of, or in any way related to, the transactions contemplated and the relationship established by the Loan Documents, or any act, omission or event occurring in connection therewith, unless it is determined in a final non-appealable judgment by a court of competent jurisdiction that such losses resulted from the gross negligence or willful misconduct of the party from which recovery is sought. Neither the Agent, the Arrangers, the LC Issuer nor any Lender shall have any liability with respect to, and each Loan Party hereby waives, releases and agrees not to sue for, any special, indirect, consequential or punitive damages suffered by any Loan Party in connection with, arising out of, or in any way related to the Loan Documents or the transactions contemplated thereby.

9.11. Confidentiality. The Agent and each Lender agrees to hold any confidential information which it may receive from the Borrower in connection with this Agreement in confidence, except for disclosure (a) to its Affiliates and to the Agent and any other Lender and their respective Affiliates, (b) to legal counsel, accountants, and other professional advisors to such Lender or to a Transferee or proposed Transferee, (c) to regulatory officials, (d) to any Person as requested pursuant to or as required by law, regulation, or legal process, (e) to any Person in connection with any legal proceeding to which it is a party, (f) to its direct or indirect contractual counterparties in swap agreements or to legal counsel, accountants and other professional advisors to such counterparties, (g) permitted by Section 12.4, (h) to rating agencies if requested or required by such agencies in connection with a rating relating to the Credit Extensions hereunder and (i) in connection with the exercise of any remedy hereunder or under any other Loan Document. Without limiting Section 9.4, the Borrower agrees that the terms of this Section 9.11 shall set forth the entire agreement between the Borrower and each Lender (including the Agent) with respect to any confidential information previously or hereafter received by such Lender in connection with this Agreement, and this Section 9.11 shall supersede any and all prior confidentiality agreements entered into by such Lender with respect to such confidential information.

9.12. Nonreliance. Each Lender hereby represents that it is not relying on or looking to any Margin Stock for the repayment of the Credit Extensions provided for herein.

 

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9.13. Disclosure. Each Loan Party and each Lender hereby acknowledges and agrees that Chase and/or its Affiliates from time to time may hold investments in, make other loans to or have other relationships with any of the Loan Parties and their respective Affiliates. In addition, each Loan Party and each Lender hereby acknowledges that Chase and/or its Affiliates may also purchase certain equity interests in one or more Loan Parties, make a subordinated loan to the Borrower and receive a warrant from the Borrower, invest in a fund that has invested debt or equity directly or indirectly in one or more Loan Parties and/or act as a financial or other advisor, placement or similar agent or underwriter for one or more Loan Parties.

9.14. USA PATRIOT ACT. Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby notifies the Borrower that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Act.

ARTICLE X

THE AGENT

10.1. Appointment; Nature of Relationship. Chase is hereby appointed by each of the Lenders as its contractual representative (referred to in this Section 10.1 in such capacity as the “Agent”) hereunder and under each other Loan Document (including, without limitation, as “Collateral Agent” under each of the Collateral Documents), and each of the Lenders irrevocably authorizes the Agent to act as the contractual representative of such Lender with the rights and duties expressly set forth herein and in the other Loan Documents. The Agent agrees to act as such contractual representative upon the express conditions contained in this Article X. Notwithstanding the use of the defined term “Agent,” it is expressly understood and agreed that the Agent shall not have any fiduciary responsibilities to any Lender by reason of this Agreement or any other Loan Document and that the Agent is merely acting as the contractual representative of the Lenders with only those duties as are expressly set forth in this Agreement and the other Loan Documents. In its capacity as the Lenders’ contractual representative, the Agent (a) does not hereby assume any fiduciary duties to any of the Lenders, (b) is a “representative” of the Lenders within the meaning of the term “secured party” as defined in the New York Uniform Commercial Code and (c) is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this Agreement and the other Loan Documents. Each of the Lenders hereby agrees to assert no claim against the Agent on any agency theory or any other theory of liability for breach of fiduciary duty, all of which claims each Lender hereby waives.

10.2. Powers. The Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Agent by the terms of each thereof, together with such powers as are

 

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reasonably incidental thereto. The Agent shall have no implied duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Agent.

10.3. General Immunity. Neither the Agent nor any of its directors, officers, agents or employees shall be liable to the Borrower, the Lenders or any Lender for any action taken or omitted to be taken by it or them hereunder or under any other Loan Document or in connection herewith or therewith except to the extent such action or inaction is determined in a final non-appealable judgment by a court of competent jurisdiction to have arisen from the gross negligence or willful misconduct of such Person.

10.4. No Responsibility for Credit Extensions, Recitals, etc. Neither the Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into, or verify (a) any statement, warranty or representation made in connection with any Loan Document or any borrowing hereunder; (b) the performance or observance of any of the covenants or agreements of any obligor under any Loan Document, including, without limitation, any agreement by an obligor to furnish information directly to each Lender; (c) the satisfaction of any condition specified in Article IV, except receipt of items required to be delivered solely to the Agent; (d) the existence or possible existence of any Default or Unmatured Default; (e) the validity, enforceability, effectiveness, sufficiency or genuineness of any Loan Document or any other instrument or writing furnished in connection therewith; (f) the value, sufficiency, creation, perfection or priority of any Lien in any Collateral; or (g) the financial condition of any Loan Party, any Guarantor or any Affiliate of any Loan Party.

10.5. Action on Instructions of the Lenders. The Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders, and such instructions and any action taken or failure to act pursuant thereto shall be binding on all of the Lenders. The Lenders hereby acknowledge that the Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement or any other Loan Document unless it shall be requested in writing to do so by the Required Lenders. The Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Loan Document unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action.

10.6. Employment of Agents and Counsel. The Agent may execute any of its duties as the Agent hereunder and under any other Loan Document by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Lenders, except as to money or securities received by the Agent or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. The Agent shall be entitled to advice of counsel concerning the contractual arrangement between the Agent and the Lenders and all matters pertaining to the Agent’s duties hereunder and under any other Loan Document.

 

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10.7. Reliance on Documents; Counsel. The Agent shall be entitled to rely upon any Note, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex, electronic mail message, statement, paper or document believed by it (in its Permitted Discretion) to be genuine and correct and to have been signed or sent by the proper person or persons, and, in respect to legal matters, upon the opinion of counsel selected by the Agent, which counsel may be employees of the Agent. For purposes of determining compliance with the conditions specified in Sections 4.1 and 4.2, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Agent shall have received written notice from such Lender prior to the applicable date specifying its objection thereto.

10.8. Agent’s Reimbursement and Indemnification. The Lenders agree to reimburse and indemnify the Agent ratably in proportion to their respective Commitments (or, if the Commitments have been terminated, in proportion to their Commitments immediately prior to such termination) (a) for any amounts not reimbursed by the Borrower for which the Agent is entitled to reimbursement by the Borrower under the Loan Documents, (b) for any other expenses incurred by the Agent on behalf of the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Loan Documents (including, without limitation, for any expenses incurred by the Agent in connection with any dispute between the Agent and any Lender or between two or more of the Lenders) and (c) for any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of the Loan Documents or any other document delivered in connection therewith or the transactions contemplated thereby (including, without limitation, for any such amounts incurred by or asserted against the Agent in connection with any dispute between the Agent and any Lender or between two or more of the Lenders), or the enforcement of any of the terms of the Loan Documents or of any such other documents, provided that, no Lender shall be liable for any of the foregoing to the extent any of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Agent. The obligations of the Lenders under this Section 10.8 shall survive payment of the Obligations and termination of this Agreement.

10.9. Notice of Default. The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Unmatured Default hereunder unless the Agent has received written notice from a Lender, the Borrower or the Borrower Representative referring to this Agreement describing such Default or Unmatured Default and stating that such notice is a “notice of default.” In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the Lenders; provided, that, the Agent shall not be liable to any Lender for any failure to do so, except to the extent that such failure is attributable to the Agent’s gross negligence or willful misconduct.

 

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10.10. Rights as a Lender. In the event the Agent is a Lender, the Agent shall have the same rights and powers hereunder and under any other Loan Document with respect to its Commitment and its Credit Extensions as any Lender and may exercise the same as though it were not the Agent, and the term “Lender” or “Lenders” shall, at any time when the Agent is a Lender, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan Document, with any Loan Party in which such Loan Party is not restricted hereby from engaging with any other Person, all as if Chase were not the Agent and without any duty to account therefor to Lenders. Chase and its Affiliates may accept fees and other consideration from any Loan Party for services in connection with this Agreement or otherwise without having to account for the same to Lenders. The Agent in its individual capacity, is not obligated to remain a Lender.

10.11. Lender Credit Decision. Each Lender acknowledges that it has, independently and without reliance upon the Agent, the Arrangers or any other Lender and based on the financial statements prepared by the Loan Parties and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon the Agent, the Arrangers or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents. Except for any notice, report, document, credit information or other information expressly required to be furnished to the Lenders by the Agent or Arrangers hereunder, neither the Agent nor the Arrangers shall have any duty or responsibility (either initially or on a continuing basis) to provide any Lender with any notice, report, document, credit information or other information concerning the affairs, financial condition or business of the Borrower or any of its Affiliates that may come into the possession of the Agent or Arrangers (whether or not in their respective capacity as Agent or Arrangers) or any of their Affiliates.

10.12. Successor Agent. The Agent may resign at any time by giving written notice thereof to the Lenders and the Borrower Representative, such resignation to be effective upon the appointment of a successor Agent or, if no successor Agent has been appointed, forty-five days after the retiring Agent gives notice of its intention to resign. Upon any such resignation or removal, the Required Lenders shall have the right to appoint, on behalf of the Borrower and the Lenders, a successor Agent. If no successor Agent shall have been so appointed by the Required Lenders within thirty days after the resigning Agent’s giving notice of its intention to resign, then the resigning Agent may appoint, on behalf of the Borrower and the Lenders, a successor Agent. Notwithstanding

 

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the previous sentence, the Agent may at any time without the consent of the Borrower or any Lender, appoint any of its Affiliates which is a commercial bank as a successor Agent hereunder. If the Agent has resigned or been removed and no successor Agent has been appointed, the Lenders may perform all the duties of the Agent hereunder and the Borrower shall make all payments in respect of the Obligations to the applicable Lender and for all other purposes shall deal directly with the Lenders. No successor Agent shall be deemed to be appointed hereunder until such successor Agent has accepted the appointment. Any such successor Agent shall be a commercial bank having capital and retained earnings of at least $100,000,000. Upon the acceptance of any appointment as the Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the resigning or removed Agent. Upon the effectiveness of the resignation or removal of the Agent, the resigning or removed Agent shall be discharged from its duties and obligations hereunder and under the Loan Documents. After the effectiveness of the resignation or removal of an Agent, the provisions of this Article X shall continue in effect for the benefit of such Agent in respect of any actions taken or omitted to be taken by it while it was acting as the Agent hereunder and under the other Loan Documents. In the event that there is a successor to the Agent by merger, or the Agent assigns its duties and obligations to an Affiliate pursuant to this Section 10.12, then the term “Prime Rate” as used in this Agreement shall mean the prime rate, base rate or other analogous rate of the new Agent.

10.13. Delegation to Affiliates. The Borrower and the Lenders agree that the Agent may delegate any of its duties under this Agreement to any of its Affiliates. Any such Affiliate (and such Affiliate’s directors, officers, agents and employees) which performs duties in connection with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other protective provisions to which the Agent is entitled under Articles IX and X.

10.14. Execution of Loan Documents. Each Lender agrees that any action taken by the Agent or the Required Lenders in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent or the Required Lenders of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders. The Lenders acknowledge that all of the Obligations hereunder constitute one debt, secured pari passu by all of the Collateral.

10.15. Collateral Matters.

(a) The Lenders hereby irrevocably authorize the Agent, at its option and in its Permitted Discretion, to release any Liens granted to the Agent by the Loan Parties on any Collateral (i) upon the termination of the Aggregate Commitment, payment and satisfaction in full in cash of all Obligations (other than Unliquidated Secured Obligations), and the cash collateralization of all Unliquidated Secured Obligations in a manner satisfactory to each affected Lender (in its Permitted Discretion), (ii) constituting Property being sold or disposed of if the Loan Party disposing of such Property certifies to the Agent that the sale or disposition is made in compliance with the terms of this

 

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Agreement (and the Agent may rely conclusively on any such certificate, without further inquiry), (iii) constituting Property in which no Loan Party has at any time during the term of this Agreement owned any interest, (iv) constituting property leased to a Loan Party under a lease which has expired or been terminated in a transaction permitted under this Agreement, (v) owned by or leased to any Loan Party which is subject to a purchase money security interest or which is the subject of a Capitalized Lease, in either case, entered into by such Loan Party pursuant to Section 6.17(c), or (vi) as required to effect any sale or other disposition of such Collateral in connection with any exercise of remedies of the Agent and the Lenders pursuant to Section 8.1. Upon request by the Agent at any time, the Lenders will promptly confirm in writing the Agent’s authority to release any Liens upon particular types or items of Collateral pursuant to this Section 10.15. Except as provided in the preceding sentence, the Agent will not release any Liens on any Substantial Portion of the Collateral without the prior written authorization of the Required Lenders.

(b) Upon receipt by the Agent of any authorization required pursuant to Section 10.15(a) from the Required Lenders of the Agent’s authority to release any Liens upon particular types or items of Collateral, and upon at least 2 Business Days prior written request by the Loan Parties, the Agent shall (and is hereby irrevocably authorized by the Lenders to), as soon thereafter as practicable, execute such documents as may be necessary to evidence the release of its Liens upon such Collateral; provided that, (i) the Agent shall not be required to execute any such document on terms which, in the Agent’s opinion (in its Permitted Discretion), would expose the Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty and (ii) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of the Loan Parties in respect of) all interests retained by the Loan Parties, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral.

(c) The Agent shall have no obligation whatsoever to any of the Lenders to assure that the Collateral exists or is owned by the Loan Parties or is cared for, protected, or insured or has been encumbered, or that the Liens granted to the Agent therein have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty of care, disclosure, or fidelity, or to continue exercising, any of the rights, authorities, and powers granted or available to the Agent pursuant to any of the Loan Documents; provided that, no Lender shall be liable for any of the foregoing to the extent any of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Agent.

(d) Each Lender hereby appoints each other Lender as its agent for the purpose of perfecting Liens, for the benefit of the Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable law can be perfected only by possession. Should any Lender (other than the Agent) obtain possession of any such Collateral, such Lender shall notify the Agent thereof, and, promptly upon the Agent’s request therefor shall deliver such Collateral to the Agent or otherwise deal with such Collateral in accordance with the Agent’s instructions.

 

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(e) Each Lender hereby agrees as follows: (a) such Lender is deemed to have requested that the Agent furnish such Lender, promptly after it becomes available, a copy of each Report prepared by or on behalf of the Agent; (b) such Lender expressly agrees and acknowledges that neither Chase nor the Agent (i) makes any representation or warranty, express or implied, as to the completeness or accuracy of any Report or any of the information contained therein, or (ii) shall be liable for any information contained in any Report; (c) such Lender expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Agent, Chase, or any other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely significantly upon the Loan Parties’ books and records, as well as on representations of the Loan Parties’ personnel and that Chase undertakes no obligation to update, correct or supplement the Reports; (d) such Lender agrees to keep all Reports confidential and strictly for its internal use, not share the Report with any Loan Party and not to distribute any Report to any other Person except as otherwise permitted pursuant to this Agreement; and (e) without limiting the generality of any other indemnification provision contained in this Agreement, such Lender agrees (i) that neither Chase nor the Agent shall be liable to such Lender or any other Person receiving a copy of the Report for any inaccuracy or omission contained in or relating to a Report, (ii) to conduct its own due diligence investigation and make credit decisions with respect to the Loan Parties based on such documents as such Lender deems appropriate without any reliance on the Reports or on the Agent or Chase, (iii) to hold the Agent and any such other Person preparing a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying Lender may reach or draw from any Report in connection with any Credit Extensions that the indemnifying Lender has made or may make to the Loan Parties, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, any Obligations and (iv) to pay and protect, and indemnify, defend, and hold the Agent and any such other Person preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including reasonable attorney fees) incurred by the Agent and any such other Person preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender.

10.16. Co-Agents, Documentation Agent, Syndication Agent, etc. Neither any of the Lenders identified in this Agreement as a “co-agent” nor any Documentation Agent, Syndication Agent or Senior Managing Agent shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to such Lenders as it makes with respect to the Agent in Section 10.11.

 

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ARTICLE XI

SETOFF; RATABLE PAYMENTS

11.1. Setoff. In addition to, and without limitation of, any rights of the Lenders under applicable law, if any Loan Party becomes insolvent, however evidenced, or any Default occurs, any and all deposits (including all account balances, whether provisional or final and whether or not collected or available) and any other Indebtedness at any time held or owing by any Lender or any Affiliate of any Lender to or for the credit or account of the Borrower may be offset and applied toward the payment of the Secured Obligations then due and owing to such Lender, whether or not the Secured Obligations, or any part thereof, shall then be due.

11.2. Ratable Payments. If any Lender, whether by setoff or otherwise, has payment made to it upon its Credit Exposure (other than payments received pursuant to Section 3.1, 3.2, 3.4 or 3.5) in a greater proportion than that received by any other Lender, such Lender agrees, promptly upon demand, to purchase a portion of the Aggregate Credit Exposure held by the other Lenders so that after such purchase each Lender will hold its Pro Rata Share of the Aggregate Credit Exposure. If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Secured Obligations or such amounts which may be subject to setoff, such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to respective Pro Rata Share of the Aggregate Credit Exposure. In case any such payment is disturbed by legal process, or otherwise, appropriate further adjustments shall be made.

ARTICLE XII

BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

12.1. Successors and Assigns. The terms and provisions of the Loan Documents shall be binding upon and inure to the benefit of the Loan Parties and the Lenders and their respective successors and assigns permitted hereby, except that (a) the Loan Parties shall not have the right to assign their rights or obligations under the Loan Documents without the prior written consent of each Lender, (b) any assignment by any Lender must be made in compliance with Section 12.3, and (c) any transfer by Participation must be made in compliance with Section 12.2. Any attempted assignment or transfer by any party not made in compliance with this Section 12.1 shall be null and void, unless such attempted assignment or transfer is treated as a participation in accordance with Section 12.2. The parties to this Agreement acknowledge that clause (b) of this Section 12.1 relates only to absolute assignments and this Section 12.1 does not prohibit assignments creating security interests, including, without limitation, (x) any pledge or assignment by any Lender of all or any portion of its rights

 

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under this Agreement and any Note to a Federal Reserve Bank or (y) in the case of a Lender which is a Fund, any pledge or assignment of all or any portion of its rights under this Agreement and any Note to its trustee in support of its obligations to its trustee; provided however, that no such pledge or assignment creating a security interest shall release the transferor Lender from its obligations hereunder unless and until the parties thereto have complied with the provisions of Section 12.3. The Agent may treat the Person which made any Credit Extension or which holds any Note as the owner thereof for all purposes hereof unless and until such Person complies with Section 12.3; provided however, that the Agent may in its discretion (but shall not be required to) follow instructions from the Person which made any Credit Extension or which holds any Note to direct payments relating to such Credit Extension or Note to another Person. Any assignee of the rights to any Credit Extension or any Note agrees by acceptance of such assignment to be bound by all the terms and provisions of the Loan Documents. Any request, authority or consent of any Person, who at the time of making such request or giving such authority or consent is the owner of the rights to any Credit Extension (whether or not a Note has been issued in evidence thereof), shall be conclusive and binding on any subsequent holder or assignee of the rights to such Credit Extension.

12.2. Participations

(a) Permitted Participants; Effect. Any Lender may at any time sell to one or more banks or other entities (“Participants”) participating interests in any Credit Exposure of such Lender, any Note held by such Lender, any Commitment of such Lender or any other interest of such Lender under the Loan Documents. In the event of any such sale by a Lender of participating interests to a Participant, such Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, such Lender shall remain the owner of its Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under the Loan Documents, all amounts payable by the Borrower under this Agreement shall be determined as if such Lender had not sold such participating interests, and the Borrower and the Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under the Loan Documents.

(b) Voting Rights. Each Lender shall retain the sole right to approve, without the consent of any Participant, any amendment, modification or waiver of any provision of the Loan Documents other than any amendment, modification or waiver which would (i) require the consent of such Lender pursuant to the terms of Section 8.3(b) or (ii) (A) modify any Eligibility Definition or (B) include additional categories of Collateral in the Borrowing Base which, in either case, would increase Availability, and which would require the consent of such Lender pursuant to the terms of Section 8.3(a) or of any other Loan Document.

(c) Benefit of Certain Provisions. Each Loan Party agrees that each Participant shall be deemed to have the right of setoff provided in Section 11.1 in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that, each Lender shall retain the right of setoff provided in Section 11.1 with respect to the amount of participating interests sold to each Participant. The Lenders agree to share with each Participant, and each Participant, by exercising the

 

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right of setoff provided in Section 11.1, agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with Section 11.2 as if each Participant were a Lender. The Borrower further agrees that each Participant shall be entitled to the benefits of Sections 3.1, 3.2, 3.4 and 3.5 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 12.3, provided that, (i) a Participant shall not be entitled to receive any greater payment under Section 3.1, 3.2 or 3.5 than the Lender who sold the participating interest to such Participant would have received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of the Borrower Representative, and (ii) any Participant not incorporated under the laws of the U.S. or any state thereof agrees to comply with the provisions of Section 3.5 to the same extent as if it were a Lender.

12.3. Assignments

(a) Permitted Assignments. Any Lender may at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan Documents. Such assignment shall be substantially in the form of Exhibit G (an “Assignment Agreement”). Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate of a Lender or an Approved Fund shall either be in an amount equal to the entire applicable Commitment and Credit Extensions of the assigning Lender or (unless each of the Borrower Representative and the Agent otherwise consents) be in an aggregate amount not less than $5,000,000. The amount of the assignment shall be based on the Commitment or outstanding Credit Extensions (if the Commitment has been terminated) subject to the assignment, determined as of the date of such assignment or as of the “Trade Date,” if the “Trade Date” is specified in the assignment.

(b) Consents. The consent of the Borrower Representative shall be required prior to an assignment becoming effective unless the Purchaser is a Lender, an Affiliate of a Lender or an Approved Fund, provided that, the consent of the Borrower Representative shall not be required if a Default has occurred and is continuing. The consent of each of the Agent and the LC Issuer shall be required prior to an assignment becoming effective. Any consent required under this Section 12.3(b) shall not be unreasonably withheld or delayed.

(c) Effect; Effective Date. Upon (i) delivery to the Agent of a duly executed Assignment Agreement, together with any consents required by Sections 12.3(a) and 12.3(b), and (ii) payment of a $3,500 fee to the Agent for processing such assignment (unless such fee is waived by the Agent), such Assignment Agreement shall become effective on the effective date specified by the Agent in such Assignment Agreement. The Assignment Agreement shall contain a representation by the Purchaser to the effect that none of the consideration used to make the purchase of the Commitment and Credit Exposure under the applicable Assignment Agreement constitutes “plan assets” as defined under ERISA and that the rights and interests of the Purchaser in and under the Loan Documents will not be “plan assets” under ERISA. On and after the effective date of such Assignment Agreement, such Purchaser shall for all purposes be a Lender party to this Agreement and any other Loan Document executed by or on behalf of the Lenders

 

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and shall have all the rights and obligations of a Lender under the Loan Documents, to the same extent as if it were an original party thereto, and the transferor Lender shall be released with respect to the Commitment and Credit Exposure assigned to such Purchaser without any further consent or action by the Borrower, the Lenders or the Agent. In the case of an Assignment Agreement covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a Lender hereunder but shall continue to be entitled to the benefits of, and subject to, those provisions of this Agreement and the other Loan Documents which survive payment of the Obligations and termination of the applicable agreement. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 12.3 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 12.2. Upon the consummation of any assignment to a Purchaser pursuant to this Section 12.3(c), the transferor Lender, the Agent and the Borrower shall, if the transferor Lender or the Purchaser desires that its Loans be evidenced by Notes, make appropriate arrangements so that new Notes or, as appropriate, replacement Notes are issued to such transferor Lender and new Notes or, as appropriate, replacement Notes, are issued to such Purchaser, in each case in principal amounts reflecting their respective Commitments, as adjusted pursuant to such assignment.

(d) Register. The Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in the U.S. a copy of each Assignment Agreement delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Credit Extensions owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

12.4. Dissemination of Information. Each Loan Party authorizes each Lender to disclose to any Participant or Purchaser or any other Person acquiring an interest in the Loan Documents by operation of law (each a “Transferee”) and any prospective Transferee any and all information in such Lender’s possession concerning the creditworthiness of the Loan Parties, including without limitation any information contained in any Reports; provided that, each Transferee and prospective Transferee agrees to be bound by Section 9.11 of this Agreement.

12.5. Tax Treatment. If any interest in any Loan Document is transferred to any Transferee which is not incorporated under the laws of the U.S. or any state thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer, to comply with the provisions of Section 3.5(d); provided that in the case of a Participant, any forms will be provided directly to the transferor Lender rather than the Borrower.

 

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12.6. Assignment by LC Issuer. Notwithstanding anything contained herein, if at any time an LC Issuer assigns all of its Commitment and Loans pursuant to Section 12.3, such LC Issuer may, upon thirty days’ notice to the Borrower Representative and the Lenders, resign as an LC Issuer. In the event of any such resignation as an LC Issuer, the Borrower Representative shall be entitled to appoint from among the Lenders a successor LC Issuer hereunder; provided however, that no failure by the Borrower Representative to appoint any such successor shall affect the resignation of such LC Issuer as an LC Issuer. If an LC Issuer resigns as an LC Issuer, it shall retain all the rights and obligations of an LC Issuer hereunder with respect to the Facility LCs outstanding as of the effective date of its resignation as an LC Issuer and all LC Obligations with respect thereto (including the right to require the Lenders to make Revolving Loans or fund risk participations in outstanding Reimbursement Obligations pursuant to Section 2.1.2(d)).

ARTICLE XIII

NOTICES

13.1. Notices; Effectiveness; Electronic Communications.

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows:

(i) if to any Loan Party, at its address or telecopier number set forth on the signature page hereof;

(ii) if to the Agent, at its address or telecopier number set forth on the signature page hereof;

(iii) if to the LC Issuer, at its address or telecopier number set forth on the signature page hereof;

(iv) if to a Lender, to it at its address or telecopier number set forth in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

 

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(b) Electronic Communications. Notices and other communications to the Lenders and the LC Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and internet or intranet websites) pursuant to procedures approved by the Agent or as otherwise determined by the Agent, provided that, the foregoing shall not apply to notices to any Lender or the LC Issuer pursuant to Article II if such Lender or the LC Issuer, as applicable, has notified the Agent that it is incapable of receiving notices under such Article by electronic communication. The Agent or any Loan Party may, in its respective discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it or as it otherwise determines, provided that such determination or approval may be limited to particular notices or communications. Notwithstanding the foregoing, in every instance, the Borrower Representative shall be required to provide paper copies of the Compliance Certificates required by Section 6.1(e) to the Agent.

Unless the Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not given during the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

13.2. Change of Address, Etc. Any party hereto may change its address or telecopier number for notices and other communications hereunder by notice to the other parties hereto.

ARTICLE XIV

COUNTERPARTS

This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing any such counterpart. This Agreement shall be effective when it has been executed by the Loan Parties, the Agent, the LC Issuer and the Lenders and each party has notified the Agent by facsimile transmission or telephone that it has taken such action.

 

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ARTICLE XV

GUARANTY

15.1. Guaranty. Each Guarantor hereby agrees that it is jointly and severally liable for, and, as primary obligor and not merely as surety, absolutely and unconditionally guarantees to the Lenders the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at all times thereafter, of the Secured Obligations and all costs and expenses including, without limitation, all court costs and attorneys’ and paralegals’ fees (including allocated costs of in-house counsel and paralegals) and expenses paid or incurred by the Agent, the LC Issuer and the Lenders in endeavoring to collect all or any part of the Secured Obligations from, or in prosecuting any action against, the Borrower, any Guarantor or any other guarantor of all or any part of the Secured Obligations (such costs and expenses, together with the Secured Obligations, collectively the “Guaranteed Obligations”). Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed in whole or in part without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal.

15.2. Guaranty of Payment. This Guaranty is a guaranty of payment and not of collection. Each Guarantor waives any right to require the Agent, the LC Issuer or any Lender to sue the Borrower, any Guarantor, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations.

15.3. No Discharge or Diminishment of Guaranty

(a) Except as otherwise provided for herein and to the extent provided for herein, the obligations of each Guarantor hereunder are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed Obligations), including:

(i) any claim of waiver, release, extension, renewal, settlement, surrender, alteration, or compromise of any of the Guaranteed Obligations, by operation of law or otherwise;

(ii) any change in the corporate existence, structure or ownership of the Borrower or any other guarantor of or other person liable for any of the Guaranteed Obligations;

(iii) any insolvency, bankruptcy, reorganization or other similar proceeding affecting the Borrower, any Guarantor, or any other guarantor of or other person liable for any of the Guaranteed Obligations, or their assets or any resulting release or discharge of any obligation of the Borrower, any Guarantor, or any other guarantor of or other person liable for any of the Guaranteed Obligations; or

(iv) the existence of any claim, setoff or other rights which any Guarantor may have at any time against the Borrower, any Guarantor, any other guarantor of the Guaranteed Obligations, the Agent, the LC Issuer, any Lender, or any other person, whether in connection herewith or in any unrelated transactions.

 

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(b) The obligations of each Guarantor hereunder are not subject to any defense or setoff, counterclaim, recoupment, or termination whatsoever by reason of the invalidity, illegality, or unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by the Borrower, any Guarantor or any other guarantor of or other person liable for any of the Guaranteed Obligations, of the Guaranteed Obligations or any part thereof.

(c) Further, the obligations of any Guarantor hereunder are not discharged or impaired or otherwise affected by:

(i) the failure of the Agent, the LC Issuer or any Lender to assert any claim or demand or to enforce any remedy with respect to all or any part of the Guaranteed Obligations;

(ii) any waiver or modification of or supplement to any provision of any agreement relating to the Guaranteed Obligations;

(iii) any release, non-perfection, or invalidity of any indirect or direct security for the obligations of the Borrower for all or any part of the Guaranteed Obligations or any obligations of any other guarantor of or other person liable for any of the Guaranteed Obligations;

(iv) any action or failure to act by the Agent, the LC Issuer or any Lender with respect to any collateral securing any part of the Guaranteed Obligations;

(v) any default, failure or delay, willful or otherwise, in the payment or performance of any of the Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent vary the risk of such Guarantor or that would otherwise operate as a discharge of any Guarantor as a matter of law or equity (other than the indefeasible payment in full in cash of the Guaranteed Obligations).

15.4. Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor hereby waives any defense based on or arising out of any defense of the Borrower or any Guarantor or the unenforceability of all or any part of the Guaranteed Obligations from any cause, or the cessation from any cause of the liability of the Borrower or any Guarantor, other than the indefeasible payment in full in cash of the Guaranteed Obligations. Without limiting the generality of the foregoing, each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent permitted by law, any notice not provided for herein, as well as any requirement that at any time any action be taken by any person against the Borrower, any Guarantor, any other guarantor of any of the Guaranteed Obligations, or any other person. The Agent may, at its election, foreclose on any Collateral held by it by one or more judicial or nonjudicial sales, accept an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with respect to any collateral securing all or a part of the Guaranteed Obligations, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with the

 

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Borrower, any Guarantor, any other guarantor or any other person liable on any part of the Guaranteed Obligations or exercise any other right or remedy available to it against the Borrower, any Guarantor, any other guarantor or any other person liable on any of the Guaranteed Obligations, without affecting or impairing in any way the liability of such Guarantor under this Guaranty except to the extent the Guaranteed Obligations have been fully and indefeasibly paid in cash. To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though that election may operate, pursuant to applicable law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Guarantor against the Borrower, any other guarantor or any other person liable on any of the Guaranteed Obligations, as the case may be, or any security.

15.5. Rights of Subrogation. No Guarantor will assert any right, claim or cause of action, including, without limitation, a claim of subrogation, contribution or indemnification that it has against the Borrower, any Guarantor, any person liable on the Guaranteed Obligations, or any collateral, until the Loan Parties and the Guarantors have fully performed all their obligations to the Agent, the LC Issuer and the Lenders and the Commitments have been terminated.

15.6. Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or otherwise, each Guarantor’s obligations under this Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made and whether or not the Agent, the LC Issuer and the Lenders are in possession of this Guaranty. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the Guarantors forthwith on demand by the Lender.

15.7. Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that each Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent, the LC Issuer nor any Lender shall have any duty to advise any Guarantor of information known to it regarding those circumstances or risks.

15.8. Taxes. All payments of the Guaranteed Obligations will be made by each Guarantor free and clear of and without deduction for or on account of Taxes. If any Guarantor is required by law to deduct any Taxes from or in respect of any sum payable to the Lenders under this Guaranty, (a) the sum payable must be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this provision) the Lenders receive an amount equal to the sum it would have received had no such deductions been made,

 

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(b) the Guarantors must then make such deductions, and must pay the full amount deducted to the relevant authority in accordance with applicable law, and (c) the Guarantors must furnish to the Lender as promptly as possible but in any case within forty-five days after their due date certified copies of all official receipts evidencing payment thereof.

15.9. Severability. The provisions of this Guaranty are severable, and in any action or proceeding involving any state corporate law, or any state, federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of any Guarantor under this Guaranty would otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of such Guarantor’s liability under this Guaranty, then, notwithstanding any other provision of this Guaranty to the contrary, the amount of such liability shall, without any further action by the Guarantors or the Lenders, be automatically limited and reduced to the highest amount that is valid and enforceable as determined in such action or proceeding (such highest amount determined hereunder being the relevant Guarantor’s “Maximum Liability”. This Section with respect to the Maximum Liability of each Guarantor is intended solely to preserve the rights of the Lenders to the maximum extent not subject to avoidance under applicable law, and no Guarantor nor any other person or entity shall have any right or claim under this Section with respect to such Maximum Liability, except to the extent necessary so that the obligations of any Guarantor hereunder shall not be rendered voidable under applicable law. Each Guarantor agrees that the Guaranteed Obligations may at any time and from time to time exceed the Maximum Liability of each Guarantor without impairing this Guaranty or affecting the rights and remedies of the Lenders hereunder, provided that, nothing in this sentence shall be construed to increase any Guarantor’s obligations hereunder beyond its Maximum Liability.

15.10. Contribution. In the event any Guarantor (a “Paying Guarantor”) shall make any payment or payments under this Guaranty or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations under this Guaranty, each other Guarantor (each a “Non-Paying Guarantor”) shall contribute to such Paying Guarantor an amount equal to such Non-Paying Guarantor’s “Pro Rata Share” of such payment or payments made, or losses suffered, by such Paying Guarantor. For purposes of this Article XV, each Non-Paying Guarantor’s “Pro Rata Share” with respect to any such payment or loss by a Paying Guarantor shall be determined as of the date on which such payment or loss was made by reference to the ratio of (i) such Non-Paying Guarantor’s Maximum Liability as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying Guarantor’s Maximum Liability has not been determined, the aggregate amount of all monies received by such Non-Paying Guarantor from the Borrower after the date hereof (whether by loan, capital infusion or by other means) to (ii) the aggregate Maximum Liability of all Guarantors hereunder (including such Paying Guarantor) as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder), or to the extent that a Maximum Liability has not been determined for any Guarantor, the aggregate amount of all monies received by such Guarantors from the Borrower after the date hereof (whether by loan, capital infusion or by other means). Nothing in this provision shall affect any Guarantor’s

 

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several liability for the entire amount of the Guaranteed Obligations (up to such Guarantor’s Maximum Liability). Each of the Guarantors covenants and agrees that its right to receive any contribution under this Guaranty from a Non-Paying Guarantor shall be subordinate and junior in right of payment to the payment in full in cash of the Guaranteed Obligations. This provision is for the benefit of both the Agent, the LC Issuer, the Lenders and the Guarantors and may be enforced by any one, or more, or all of them in accordance with the terms hereof.

15.11. Lending Installations. The Guaranteed Obligations may be booked at any Lending Installation. All terms of this Guaranty apply to and may be enforced by or on behalf of any Lending Installation.

15.12. Liability Cumulative. The liability of each Loan Party as a Guarantor under this Article XV is in addition to and shall be cumulative with all liabilities of each Loan Party to the Agent, the LC Issuer and the Lenders under this Agreement and the other Loan Documents to which such Loan Party is a party or in respect of any obligations of liabilities of the other Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the contrary.

ARTICLE XVI

CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL

16.1. CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

16.2. CONSENT TO JURISDICTION. EACH LOAN PARTY HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, THE COURTS OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND EACH LOAN PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT, THE LC ISSUER OR ANY LENDER TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY LOAN PARTY AGAINST THE AGENT, THE LC ISSUER OR

 

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ANY LENDER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTION WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN THE STATE OF NEW YORK.

16.3. WAIVER OF JURY TRIAL. EACH LOAN PARTY, THE AGENT, THE LC ISSUER AND EACH LENDER HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER.

ARTICLE XVII

THE BORROWER REPRESENTATIVE

17.1. Appointment; Nature of Relationship. PHI is hereby appointed by the Borrower as its contractual representative (herein referred to as the “Borrower Representative”) hereunder and under each other Loan Document, and the Borrower irrevocably authorizes the Borrower Representative to act as the contractual representative of the Borrower with the rights and duties expressly set forth herein and in the other Loan Documents. The Borrower Representative agrees to act as such contractual representative upon the express conditions contained in this Article XVII. Additionally, the Borrower hereby appoints the Borrower Representative as its agent to receive all of the proceeds of the Loans in the Funding Account, at which time the Borrower Representative shall promptly disburse such Loans to the Borrower. The Agent and the Lenders, and their respective officers, directors, agents or employees, shall not be liable to the Borrower Representative or the Borrower for any action taken or omitted to be taken by the Borrower Representative or the Borrower pursuant to this Section 17.1.

17.2. Powers. The Borrower Representative shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Borrower Representative by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Borrower Representative shall have no implied duties to the Borrower, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Borrower Representative.

17.3. Employment of Agents. The Borrower Representative may execute any of its duties as the Borrower Representative hereunder and under any other Loan Document by or through Authorized Officers.

 

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17.4. Notices. The Borrower shall immediately notify the Borrower Representative of the occurrence of any Default or Unmatured Default hereunder referring to this Agreement describing such Default or Unmatured Default and stating that such notice is a “notice of default.” In the event that the Borrower Representative receives such a notice, the Borrower Representative shall give prompt notice thereof to the Agent and the Lenders. Any notice provided to the Borrower Representative hereunder shall constitute notice to the Borrower on the date received by the Borrower Representative.

17.5. Successor Borrower Representative. Upon the prior written consent of the Agent, the Borrower Representative may resign at any time, such resignation to be effective upon the appointment of a successor Borrower Representative. The Agent shall give prompt written notice of such resignation to the Lenders.

17.6. Execution of Loan Documents; Borrowing Base Certificate. The Borrower hereby empowers and authorizes the Borrower Representative, on behalf of the Borrower, to execute and deliver to the Agent and the Lenders the Loan Documents and all related agreements, certificates, documents, or instruments as shall be necessary or appropriate to effect the purposes of the Loan Documents, including without limitation, the Borrowing Base Certificates and the Compliance Certificates. The Borrower agrees that any action taken by the Borrower Representative or the Borrower in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Borrower Representative of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Borrower.

17.7. Reporting. The Borrower hereby agrees that it shall furnish promptly to the Borrower Representative a copy of any certificate or report required hereunder or requested by the Borrower Representative on which the Borrower Representative shall rely to prepare the Borrowing Base Certificates and Compliance Certificates required pursuant to the provisions of this Agreement.

ARTICLE XVIII

EFFECT OF AMENDMENT AND RESTATEMENT OF EXISTING CREDIT

AGREEMENT

On the Effective Date, the Existing Credit Agreement shall be amended, restated and superseded in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation, payment and reborrowing, or termination of the “Obligations” (as defined in the Existing Credit Agreement) under the Existing Credit Agreement as in effect prior to the Effective Date and (b) such “Obligations” are in all respects continuing (as amended and restated hereby) with only the terms thereof being modified as provided in this Agreement.

 

129


[Signature Pages Follow]

 

130


IN WITNESS WHEREOF, the Loan Parties, the Lenders, the LC Issuer and the Agent have executed this Agreement as of the date first above written.

 

BORROWER:

PETROLEUM HEAT AND POWER CO., INC.

By:  

 

Name:  

 

Title:  

 

OTHER LOAN PARTIES:

A.P. WOODSON COMPANY

C. HOFFBERGER COMPANY

CHAMPION ENERGY CORPORATION

CHAMPION OIL COMPANY

COLUMBIA PETROLEUM TRANSPORTATION, LLC

HOFFMAN FUEL COMPANY OF BRIDGEPORT

HOFFMAN FUEL COMPANY OF DANBURY

HOFFMAN FUEL COMPANY OF STAMFORD

J.J. SKELTON OIL COMPANY

LEWIS OIL COMPANY

MAREX CORPORATION

MEENAN HOLDINGS OF NEW YORK, INC.

MEENAN OIL CO., INC.

MINNWHALE LLC

ORTEP OF PENNSYLVANIA, INC.

PETRO HOLDINGS, INC.

PETRO PLUMBING CORPORATION

PETRO, INC.

REGIONOIL PLUMBING, HEATING AND COOLING CO., INC.

RICHLAND PARTNERS, LLC

RYE FUEL COMPANY

STAR ACQUISITIONS, INC.

STAR GAS FINANCE COMPANY

TG&E SERVICE COMPANY, INC.

By:  

 

Name:  

 

Title:  

 

[Signature Page to Amended and Restated Credit Agreement]


STAR GAS PARTNERS, L.P.

By:   KESTREL HEAT, LLC, its General Partner
By:  

 

Name:  

 

Title:  

 

MEENAN OIL CO., L.P.

By:   MEENAN OIL CO., INC., its General Partner
By:  

 

Name:  

 

Title:  

 

CFS LLC

By:   Richland Partners, LLC, its Sole Member
By:  

 

  Richard F. Ambury
  Chief Financial Officer, Executive Vice President, Treasurer and Secretary

NOTICE ADDRESS FOR LOAN PARTIES:

2187 Atlantic Street

Stamford, CT 06902

[Signature Page to Amended and Restated Credit Agreement]


LENDERS:

JPMORGAN CHASE BANK, N.A.,

as Agent, an LC Issuer and Lender

By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:
[  
Attention:  
Telephone:  
Facsimile:               ]

[Signature Page to Amended and Restated Credit Agreement]


BANK OF AMERICA, N.A.,

as Syndication Agent, an LC Issuer and Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:
[  
Attention:  
Telephone:  
Facsimile:               ]

[Signature Page to Amended and Restated Credit Agreement]


RBS CITIZENS, N.A..,
as Documentation Agent and Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:
[  
Attention:  
Telephone:  
Facsimile:               ]

[Signature Page to Amended and Restated Credit Agreement]


KEY BANK NATIONAL ASSOCIATION,
as Senior Managing Agent and Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:
[  
Attention:  
Telephone:  
Facsimile:               ]

[Signature Page to Amended and Restated Credit Agreement]


PNC BANK, N.A.,
as Senior Managing Agent and Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


REGIONS BANK,
as Senior Managing Agent and Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


TD BANK, N.A.,
as Senior Managing Agent and Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


WELLS FARCO CAPITAL FINANCE, LLC,
as Senior Managing Agent and Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


CITIBANK, N.A.,
as Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


HARRIS BANK,
as Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


ISRAEL DISCOUNT BANK OF NEW YORK,

as Lender

By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


RB INTERNATIONAL FINANCE (USA) LLC,

as Lender

By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


SG AMERICAS SECURITIES, LLC,

as Lender

By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


SOVEREIGN BANK,
as Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


WEBSTER BANK, N.A.,
as Lender
By:  

 

Name:  

 

Title:  

 

NOTICE ADDRESS:

[

 

Attention:

 

Telephone:

 

Facsimile:

 

            ]

[Signature Page to Amended and Restated Credit Agreement]


EXHIBIT A

BORROWING NOTICE

Date:                         , 201    

 

To: JPMorgan Chase Bank, N.A., as Agent for the Lenders

This Borrowing Notice is furnished pursuant to Section 2.1.1(b) of that certain Amended and Restated Credit Agreement dated as of June [3], 2011 (as amended, modified, renewed or extended from time to time, the “Agreement”) among Petroleum Heat and Power Co., Inc., a Minnesota corporation (the “Borrower”), the other Loan Parties, the Lenders from time to time party thereto, JPMorgan Chase Bank, N.A., a national banking association, as an LC Issuer and as the Agent for the Lenders, Bank of America, N.A., as syndication agent and as an LC Issuer, and RBS Citizens, N.A., as documentation agent. Unless otherwise defined herein, capitalized terms used in this Borrowing Notice have the meanings ascribed thereto in the Agreement.

The Borrower Representative hereby notifies the Agent of its request of the following Advance:

(1) Borrowing Date of the Advance (must be a Business Day):                                     

(2) Aggregate Amount of the Advance: $                                    

(4) Type of Advance1:                                     

(5) Duration of Interest Period (for Eurodollar Advances only):

One Month                         

Two Months                         

Three Months                         

Six Months                         

The Borrower Representative hereby represents, on its behalf and on behalf of the Borrower, that, as of the date of this Borrowing Notice:

 

  (a) There exists no Default or Unmatured Default and no Default or Unmatured Default shall result from this Credit Extension.

 

  (b) The representations and warranties contained in Article V of the Agreement are true and correct, except to the extent any such representation or warranty is stated to relate solely to an earlier date.

 

  (c) After giving effect to this Credit Extension, Availability will not be less than zero.

 

 

  ,
as Borrower Representative  
  By:  

 

      Name:  

 

      Title:  

 

 

1  Eurodollar Advance or Floating Rate Advance.

 

Exhibit A


EXHIBIT B

CONVERSION/CONTINUATION NOTICE

Date:                         , 201    

 

To: JPMorgan Chase Bank, N.A., as Agent for the Lenders

This Conversion/Continuation Notice is furnished pursuant to Section 2.7 of that certain Amended and Restated Credit Agreement dated as of June [3], 2011 (as amended, modified, renewed or extended from time to time, the “Agreement”) among Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “Borrower”), the other Loan Parties, the Lenders from time to time party thereto, JPMorgan Chase Bank, N.A., a national banking association, as an LC Issuer and as the Agent for the Lenders, Bank of America, N.A., as syndication agent and as an LC Issuer, and RBS Citizens, N.A., as documentation agent. Unless otherwise defined herein, capitalized terms used in this Conversion/Continuation Notice have the meanings ascribed thereto in the Agreement.

The Borrower Representative hereby notifies the Agent of its request to [SELECT ONE]:

 

  (1) convert the Floating Rate Advance in the name of the Borrower and in the amount of $                 into a Eurodollar Advance with an Interest Period duration of:                  month(s)

 

  (2) continue the Eurodollar Advance in the name of the Borrower and as otherwise described below:

 

  (a) Date of Continuation (must be a Business Day):                         

 

  (b) Aggregate Amount of Advance: $                                             

 

  (c) The duration of the Interest Period applicable thereto:

                 month(s)

The Borrower Representative hereby represents, on its behalf and on behalf of the Borrower that, as of the date of this Conversion/Continuation Notice:

 

  (a) There exists no Default or Unmatured Default and no Default or Unmatured Default shall result from this Credit Extension.

 

  (b) The representations and warranties contained in Article V of the Agreement are true and correct, except to the extent any such representation or warranty is stated to relate solely to an earlier date.

 

  (c) After giving effect to this Credit Extension, Availability will not be less than zero.

 

 

  ,
as Borrower Representative  
By:  

 

 
      Name:  

 

 
      Title:  

 

 

Exhibit B


EXHIBIT C1

NOTE

Date:                     , 201    

The undersigned (the “Borrower”), promises to pay to the order of                                          (the “Lender”) the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the Borrower pursuant to Article II of the Agreement (as hereinafter defined), in immediately available funds at the main office of JPMorgan Chase Bank, N.A., as Agent, together with interest on the unpaid principal amount hereof at the rates and on the dates set forth in the Agreement. The Borrower shall pay the principal of and accrued and unpaid interest on the Revolving Loans and Reimbursement Obligations in full on the Facility Termination Date.

The Lender shall, and is hereby authorized to, record on the schedule attached hereto, or to otherwise record in accordance with its usual practice, the date and amount of each Loan and the date and amount of each principal payment hereunder.

This Note is one of the Notes issued pursuant to, and is entitled to the benefits of, the Amended and Restated Credit Agreement dated as of June [3], 2011 (which, as it may be amended or modified and in effect from time to time, is herein called the “Agreement”), among the Borrower, the other Loan Parties, the Lenders party thereto and JPMorgan Chase Bank, N.A., as an LC Issuer and as the Agent, to which Agreement reference is hereby made for a statement of the terms and conditions governing this Note, including the terms and conditions under which this Note may be prepaid or its maturity date accelerated. This Note is secured pursuant to the Collateral Documents and guaranteed pursuant to the Guaranty, as more specifically described in the Agreement, and reference is made thereto for a statement of the terms and provisions thereof. Capitalized terms used herein and not otherwise defined herein are used with the meanings attributed to them in the Agreement.

 

Petroleum Heat and Power Co., Inc, a
Minnesota corporation
By:  

 

Print Name:  

 

Title:  

 

 

 

1  STB confirming whether any Lenders will want a Note.

 

Exhibit C


SCHEDULE OF LOANS AND PAYMENTS OF PRINCIPAL

TO

NOTE OF PETROLEUM HEAT AND POWER CO., INC.

DATED                     , 201    

 

Date

 

Principal Amount of Loan

 

Maturity of Interest Period

 

Principal Amount Paid

 

Unpaid Balance

       
       
       
       
       

 

Exhibit C

2


EXHIBIT D

FORM OF OPINION

[Signed opinion attached]

 

Exhibit D


EXHIBIT E

COMPLIANCE CERTIFICATE

 

To: The Lenders parties to the

Credit Agreement Described Below

This Compliance Certificate is furnished pursuant to that certain Amended and Restated Credit Agreement dated as of June [3], 2011 (as amended, modified, renewed or extended from time to time, the “Agreement”) among Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “Borrower”), the other Loan Parties, the Lenders from time to time party thereto, JPMorgan Chase Bank, N.A., a national banking association, as an LC Issuer and as the Agent for the Lenders, Bank of America, N.A., as syndication agent and as an LC Issuer, and RBS Citizens, N.A., as documentation agent. Unless otherwise defined herein, capitalized terms used in this Compliance Certificate have the meanings ascribed thereto in the Agreement.

THE UNDERSIGNED HEREBY CERTIFIES, ON ITS BEHALF AND ON BEHALF OF THE BORROWER, THAT:

1. I am the duly elected1                                          of the Borrower Representative;

2. I have reviewed the terms of the Agreement and I have made, or have caused to be made under my supervision, a detailed review of the transactions and conditions of the Parent and its Subsidiaries during the accounting period covered by the attached financial statements;

3. The examinations described in paragraph 2 did not disclose, and I have no knowledge of, the existence of any condition or event which constitutes a Default or Unmatured Default during or at the end of the accounting period covered by the attached financial statements or as of the date of this Certificate, except as set forth below;

4. I hereby certify that no Loan Party has changed (i) its name, (ii) its chief executive office, (iii) principal place of business, (iv) mailing address, (v) corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral as set forth in the Security Agreement, (vi) the type of entity it is, (vii) organization identification number, if any, issued by its state of incorporation or other organization or (viii) its state of incorporation or organization without having given the Agent the notice required by Section 6.22;

5. Schedule I attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct;

6. Schedule II hereto sets forth the Borrower’s Applicable Margin calculation2; and

7. Schedule III attached hereto sets forth the various reports and deliveries which are required at this time under the Agreement and the other Loan Documents and the status of compliance.

 

 

1  Chief Financial Officer, Vice President – Controller or Treasurer.
2  Applicable Margin calculation applicable after receipt by the Agent of the Borrowing Base Certificate for the Fiscal Month ended December 31, 2011.

 

Exhibit E


Described below are the exceptions, if any, to paragraph 3 by listing, in detail, the nature of the condition or event, the period during which it has existed and the action which the Borrower has taken, is taking, or proposes to take with respect to each such condition or event:

 

 

 

 

The foregoing certifications, together with the computations and information set forth in Schedule I and Schedule II hereto and the financial statements delivered with this Certificate in support hereof, are made and delivered this      day of                     , 201    .

 

                                                                          , as
Borrower Representative
By:  

 

Name:  

 

Title:  

 

 

Exhibit E

2


SCHEDULE I TO COMPLIANCE CERTIFICATE

Compliance as of             ,          with

Provisions of Sections 6.1(e), 6.16(a), 6.25(a), 6.27 and 6.28 and any other covenants set forth in the

Agreement

 

Exhibit E

3


SCHEDULE II TO COMPLIANCE CERTIFICATE

Borrower’s Applicable Margin Calculation

 

Exhibit E

4


SCHEDULE III TO COMPLIANCE CERTIFICATE

Reports and Deliveries Currently Due

 

Exhibit E

5


EXHIBIT F

JOINDER AGREEMENT

THIS JOINDER AGREEMENT (this “Agreement”), dated as of                     ,     , 201    , is entered into between                                         , a                              (the “New Subsidiary”) and JPMorgan Chase Bank, N.A., in its capacity as administrative agent (the “Agent”) under that certain Amended and Restated Credit Agreement, dated as of June [3], 2011, among Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “Borrower”), the Loan Parties party thereto, the Lenders party thereto and the Agent (as the same may be amended, modified, extended or restated from time to time, the “Credit Agreement”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement.

The New Subsidiary and the Agent, for the benefit of the Lenders, hereby agree as follows:

1. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the New Subsidiary will be deemed to be a Loan Party under the Credit Agreement and a Guarantor for all purposes of the Credit Agreement and shall have all of the obligations of a Loan Party and a Guarantor thereunder as if it had executed the Credit Agreement. The New Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Credit Agreement, including without limitation (a) all of the representations and warranties of the Loan Parties set forth in Article V of the Credit Agreement, (b) all of the covenants set forth in Article VI of the Credit Agreement and (c) all of the guaranty obligations set forth in Article XV of the Credit Agreement. Without limiting the generality of the foregoing terms of this paragraph 1, the New Subsidiary, subject to the limitations set forth in Section 15.10 of the Credit Agreement, hereby guarantees, jointly and severally with the other Guarantors, to the Agent and the Lenders, as provided in Article XV of the Credit Agreement, the prompt payment and performance of the Guaranteed Obligations in full when due (whether at stated maturity, by acceleration or otherwise) strictly in accordance with the terms thereof and agrees that if any of the Guaranteed Obligations are not paid or performed in full when due (whether at stated maturity, by acceleration or otherwise), the New Subsidiary will, jointly and severally together with the other Guarantors, promptly pay and perform the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal.

2. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the New Subsidiary will be deemed to be a Grantor under the Security Agreement and shall have all of the obligations of a Grantor under the Security Agreement as if it had executed such agreement. The New Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Security Agreement.

3. If required, the New Subsidiary is, simultaneously with the execution of this Agreement, executing and delivering such Collateral Documents (and such other documents and instruments) as requested by the Agent in accordance with the Credit Agreement.

4. The address of the New Subsidiary for purposes of Article XIII of the Credit Agreement is as follows:

 

 

   

 

   

 

   

 

   

 

Exhibit F


5. The New Subsidiary hereby waives acceptance by the Agent and the Lenders of the guaranty by the New Subsidiary upon the execution of this Agreement by the New Subsidiary.

6. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.

7. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

IN WITNESS WHEREOF, the New Subsidiary has caused this Agreement to be duly executed by its authorized officer, and the Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written.

 

[NEW SUBSIDIARY]
By:  

 

Name:  

 

Title:  

 

Acknowledged and accepted:
JPMorgan Chase Bank, N.A., as Agent
By:  

 

Name:  

 

Title:  

 

 

Exhibit F

2


EXHIBIT G

FORM OF

ASSIGNMENT AND ASSUMPTION

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into between the Assignor named below (the “Assignor”) and the Assignee named below (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit, guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

 

1.    Assignor:   

 

  
2.    Assignee:   

 

  
      [and is an Affiliate/Approved Fund of [identify Lender]2]
3.    Borrower:    Petroleum Heat and Power Co., Inc.
4.    Administrative Agent:    JPMorgan Chase Bank, N.A., as administrative agent under the Credit Agreement
5.    Credit Agreement:    The Credit Agreement dated as of June [3], 2011 among Petroleum Heat and Power Co., Inc., the Lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the other agents parties thereto

 

2 

Select as applicable.


6. Assigned Interest:

 

Facility Assigned3

   Aggregate Amount of
Commitment/Loans for
all Lenders
     Amount of
Commitment/Loans
Assigned
     Percentage Assigned of
Commitment/Loans4
 
   $                    $                      %   
   $                    $                      %   
   $                    $                      %   

Effective Date:                     , 20     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

The Assignee agrees to deliver to the Administrative Agent a completed administrative questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Borrower, the Loan Parties and their Affiliates or their respective securities) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws.

The terms set forth in this Assignment and Assumption are hereby agreed to:

 

ASSIGNOR

 

NAME OF ASSIGNOR
By:  

 

  Title:
ASSIGNEE

 

NAME OF ASSIGNEE
By:  

 

  Title:

 

3 

Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g. “Revolving Commitment,” “Tranche A Term Commitment,” “Tranche B Term Commitment”).

4 

Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders.


Consented to and Accepted:

 

JPMorgan Chase Bank, N.A., as Agent and

an LC Issuer

By:  

 

Title:  
Bank of America, N.A., as an LC Issuer
By:  

 

Title:  
[NOTE: PLUG IN ACTUAL NAME OF ENTITY6
By:  

 

Title:]  

 

6 

Pursuant to § 12.3(b) of the Credit Agreement, the consent of the Borrower Representative is required prior to an assignment becoming effective unless the Assignee is a Lender, an Affiliate of a Lender or an Approved Fund, provided that, the consent of the Borrower Representative is not required if a Default has occurred and is continuing.


ANNEX 1

Amended and Restated Credit Agreement, dated as of June [3], 2011, among Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “Borrower”), the Loan Parties party thereto, the Lenders party thereto and the Agent (as the same may be amended, modified, extended or restated from time to time, the “Credit Agreement”).

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

1. Representations and Warranties.

1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 6.1 thereof, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender and (v) if it is a Non-U.S. Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.


3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by email or telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.


EXHIBIT H

BORROWING BASE CERTIFICATE


Petroleum Heat and Power Co., Inc.

Borrowing Base Certificate

 

     (000’s US$)                     
A.    Total available Accounts Receivable (from page 2 of 5)       $ 0      
                 
B.    Total available Inventory (from page 3 of 5)       $ 0      
                 
C.    Total available Fixed Asset collateral (from page 4 of 5)       $ 0      
                 
D.    Available Cash, per terms of the Credit Agreement       $ 0      
                 
E.    Borrowing Base (lines A + B + C + D)          $ 0   
                 
F.    Lower of:         
   Borrowing Base (line E)       $ 0      
                 
            $ 0   
                 
   Revolving Credit Commitment       $ 300,000      
                 
G.    Revolving Credit Outstandings:         
   Revolving Loans    $ 0         
   Letters of Credit    $ 0         
                 
   Total Revolving Credit Outstandings    $ 0          $ 0   
                 
H.    Available credit (overadvance) (line F - G)          $ 0   
                 

Officer’s Certification:

Pursuant to the Amended and Restated Credit Agreement dated as of June, 2011, the undersigned Financial Officer of Petroleum Heat and Power, Co., Inc. certifies that the information provided in this certificate to JPMorgan Chase Bank, as Administrative Agent, is true and correct based on the accounting records of Petroleum Heat and Power Co., Inc.

 

   Petroleum Heat and Power Co., Inc.          
  

 

       

 

 
   Signature & Title         Date  

 

* Borrowing Base Certificate to be accompanied by the documentation outlined in Section 6 of the Credit Agreement*


SCHEDULES TO THE AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JUNE XX, 2011

Schedule I Commitments -

JPM TO PROVIDE


Schedule 1.1A Existing Letters of Credit

 

  

Petroleum Heat and

Power Co., Inc.

Letters of Credit

              
Facility B                  
     

Payee

  

LC Purpose

   Amount      Expiration
date
   L/C #   

Issuing
bank

1    Capital Distributors         393,000       12/8/2011    68036288    BOA
2    Insurance Company of North America    Bonds      1,849,000       1/10/2012    T-619145    JP Morgan
3*    National Union Fire Ins    Meenan workers comp      200,000       4/28/2012    S565157    BOA
4    Hartford Fire Insurance    Meenan workers comp      100,000       4/1/2012    S569563    BOA
5*    Insurance Company of North America    Meenan workers comp      545,045       4/1/2012    S569564    BOA
6    National Union Fire Ins    Meenan Bonds      50,000       3/31/2012    S569565    BOA
7*    Pacific Employers Ins Comp    Meenan workers comp      418,000       4/17/2012    S569566    BOA
8    Royal Indemnity Co    Meenan workers comp      277,000       6/30/2011    S568348    BOA
9    AIG    Worker’s Comp      22,807,199       4/28/2012    S565903    BOA
      Auto      9,448,513            
10*    Travelers Indemnity Co    Meenan workers comp      853,000       4/1/2012    S568277    BOA
11*    Reliance Insurance Co    Meenan workers comp      333,804       8/13/2011    S566545    BOA
12    Federated Mutual Insurance         275,000       6/4/2011    S570776    BOA
13    United States Fire Insurance    Workers comp – Auto      7,000,000       2/1/2012    S565154    BOA
14^    Zurich American Ins. Co.         1,900,000       4/23/2012    68050094    BOA
                       
   Total Facility B         $46,449,561            
   All LC’s except Capital and Greenwich are evergreen and renew unless notice provided            


   Capital Distributors requires New York Bank               

*

   On Behalf of Meenan Oil Corporation               
^   

OnBehalf of Champion Energy

              
Facility A                  
     

Payee

  

LC Purpose

   Amount      Expiration
date
   L/C #   

Issuing
bank

1    BP Products North America Inc.    Oil Vendor    $ 1       6/30/2011    68026183    BOA
2    Amerada Hess Corporation    Oil Vendor      1       6/30/2011    S574739    BOA
3    Gulf    Oil Vendor      1       9/30/2011    S657944    BOA
4    MSCG    Oil Vendor      1       6/30/2011    68026289    BOA
5    Sempra    Oil Vendor      1       6/30/2011    68026181    BOA
6    Sunoco    Oil Vendor      1       6/30/2011    S657876    BOA
7    Cargill    Oil Vendor      1       6/30/2011    68026288    BOA
8    NIC    Oil Vendor      1       6/30/2011    68026290    BOA
9    State of New Jersey    Corporate Business Tax Liability for TG&E      276,707       11/25/2011    68026292    BOA
10    Sprague    Oil Vendor      1       6/30/2011    68026296    BOA
                       
   Total Facility A       $ 276,716            
Transactional                  
     

Payee

  

LC Purpose

   Amount      Expiration
date
   L/C #   

Issuing
bank

1    Conoco Phillips    Oil Vendor    $ 1       6/30/2011       BOA
2    Glencore    Oil Vendor      1       6/30/2011    68026295    BOA
3    Hess Energy Trading    Oil Vendor      1       6/30/2011    68026184    BOA
4    Mieco    Oil Vendor      1       6/30/2011    68026294    BOA
5    Vitol, Inc    Oil Vendor      1       6/30/2011    68026619    BOA
6    Statoil Marketing    Oil Vendor      1       6/30/2011    68026618    BOA
                       
   Total Transactional       $ 6            
   Total Petro       $ 46,726,283            


Schedule 1.1B Eligible Carriers

 

Company

 

Address

 

City

  State   ZIP  

Principle/Contact

 

Telephone

Truckers List (including Owner/Operators)

Richard T. Layton

  19 Danbury Rd.   New Milford   CT   06776   Rich Layton   860.354.4888

C.W. White and Sons

  1 Evans Road   Rocky Hill   CT   06067   C.W. White   860.529.7246

James Bittar

  55 Birchwood Rd.   Monroe   CT   06468   James Bittar   203.261.4632

Robert Pote

  7 Sherman Place   Norwalk   CT   06851   Robert Pote   203.216.0521

Stephen Cenatiempo

  2 Assisi Way   Norwalk   CT   06850   Stephen Cenatiempo   203.847.9175

Jeffrey E. McSherry

  42 Beebrook Road   Washington Depot   CT   06794     203-770-2294

Murphy Transport

  PO Box 3   Greensboro   MD   21639   Guy Murphy   410-482-6265

Hahn Transportation

  PO Box 8   New Market   MD   21774   Barbara Windsor   301.865.5467

Carroll Independent Fuels

  2700 Loch Raven Road   Baltimore   MD   21218   Vickie Jamack   410-261-5314

Carroll Fuel Service

  6401 Chemical Road   Baltimore   MD   21226   David Greenbeck   410-261-5328

Petro Express Company

 

1836 Chesapeake Ave

 

Baltimore

  MD   21226  

Andrea Zepp

  410-355-3849

Wisnewski Trucking Corp.

  88 Morris Turnpike   Randolph   NJ   07869   Frank Wisnewski   973.366.6464

JA Burns Trucking

  1081 Rt. 173 W   Asbury   NJ   08802   James A. Burns   908.735.9246

Papco, LLC

  1709 S. Burlington Road   Bridgeton   NJ   08302     856.455.9450

Frank Farrell Trucking

  209 Butternut Rd   Califon   NJ   07830   Frank Farrell   908.832.7340

Robinson Transport Co.

  1463 Lamerton Road   Trenton   NJ   08611   Jerry Robinson   609-392-8511

Alternative Fuel / Prospect

  583 Industrial Road,   Carlstadt   NJ   07072   Jack McNamara   201-933-9999

SGW Fuel Delivery LLC

  353 Churchill Ave.   Trenton   NJ   08610   Scott White   609.888.1694

Richard Ball LLC

  366 Morris Ave   Trenton   NJ   08611   Richard Ball   609.394.6846

AMB Oil LLC

  71 Peter Rafferty Dr.   Hamilton Square   NJ   08690   Anthony Brenna   609.586.7073

Lee Transport

  228 Garden Rd   Elmer   NJ   08318     856.358.7555

C.R. Wines Trucking Co.

  3191 Bordentown Ave.   Parlin   NJ   08859     732.727.2431

Vaughan Heating And AC

  121 Barret Ave.   Magnolia   NJ   08049     856-627-0303

Bruno’s Trucking Inc.

  325 Willow Way   Clark   NJ   07066   Anthony Bruno   732.936.9083

Styp’s Trucking, LLC

  525 Maple Ave.   Linden   NJ   07036   Steve Stypulskonski   908-463-2819

R Collins Trucking Co

  2 Dubois Rd.   Belle Mead   NJ   08844   Rick Collins   908.359.1364


Schedule 1.1b Eligible Carriers

 

Company

 

Address

 

City

  State   ZIP  

Principle/Contact

 

Telephone

David Jones

  31 Princeton Rd.   Elizabeth   NJ   07208   David Jones   908.955.5262

R. Bruno Trucking

  2082 Hilltop Road   Scotch Plains   NJ   07076   Robert Bruno   908.654.6130

T Caldwell Fuel Dist

  100 Kenilworth Blvd.   Cranford   NJ   07016   Tom Caldwell   908.276.5313

TDC Trucking Inc

  26 Mott PL   Spotswood   NJ   08884   Tom Czech   732.251.7606

R&R Transport

  344 Rt. 46   Rockaway   NJ   07866   Semoyer Rosenfarb   973.583.4501

S.I.B. Trucking LLC

  295-4d Gemini Drive   Hillsborough   NJ   08844   Scott Weinstock   908-581-9621

New Horizon Fuel, LLC

  2114 Ludlow St.   Rahway   NJ   07065   Kevin Senger   201-376-9590

JMF fuel

  2251 Winfield Street   Rahway   NJ   07065   John Forys   908-358-4444

Carmel Terminals (Durkin)

  120 Fields Lane   Brewster   NY   10509     845-279-8060

Newdel Express Co., Inc.

  23 Station Rd.   Bellport   NY   11713   Robert Lyons   516.807.2825

Hart Trucking Corporation

  1900 Plaza Ave.   New Hyde Park   NY   11040   Raymond Hart   516.352.4245

Anchor Tank Lines

  19-01 Steinway St.   Astoria   NY   11105     800.635.3835

All Aboard Transport, Inc.

  8 Kit Court   Monroe   NY   10950  

David Board

  845-782-4727

LP Transportation Inc.

  PO Box 489   Chester   NY   10918   Andrew Palmer   845.469.2188

James A. Turner, Inc.

  3469 Bethlehem Pike   Souderton   PA   18964   James A. Turner   215.723.6250

Torres dale Fuel Co., Inc.

  188 State Road   Bensalem   PA   19020   Paul Ross Bauer   215.639.0160

BRT, Inc. (Buck Run Transportation)

  813 North Doctorial Trail   Parkesburg   PA   19365     888.282.5786

Quest Transport LLC

  924 3rd Ave   Duncansville   PA   16635   Christopher Gibson   814-695-3100

Off Shore Express

  65 Pershing Ave.   Wakefield   RI   02879     401-641-4587

WLIT, Inc.

  1080 Kingstown Road   Peace Dale   RI   02879   Kevin Guerilla   401-789-9000
Barging Companies

Buckeye Pipe Line Company

  5002 Buckeye Rd.   Emmaus   PA   18049   Eric Moyer   484-232-4337

Bouchard

           

Transportation Co, Inc.

  58 South Service Rd. Suite 150   Melville   NY   11747   Morton Bouchard, III   516-681-4900

K-Sea Transportation Inc.

  3245 Richmond Terrace   Staten Island   NY   10303   Richard Pitner   718-720-7207


Schedule 1.1b Eligible Carriers

 

Company

 

Address

 

City

  State   ZIP  

Principle/Contact

 

Telephone

Reinauer Transportation Companies

  1983 Richmond Terrace   Staten Island   NY   10302   Craig Reinauer   718-816-8167

Greater NY Marine

  12 Dumbarton Drive   Huntington   NY   11743   Linda Merrow   631-760-2020

Poling Cutler

  18 Breckenridge Court   Freehold   NJ   07728   Rick Erzats   732-780-7882

Gellatly & Criscione Services Corp

  2109 Herbertsville Road   Point Pleasant   NJ   08742   Mario Criscione   732-295-5900

Vane Brothers Company

  2100 Frankfurst Ave   Baltimore   MD   21226     410-631-5096

Marine Environmental Transportation, LLC

  1203 Polans Court   Forked River   NJ   08731   Chris Charles   609-971-1818


Schedule 5.8 - Litigation and Contingent Obligations

None


Schedule 5.9 Capitalization and Subsidiaries

Schedule 5.9 (a), (b) and (d)

 

LEGAL NAME

 

TAX ID

 

ORG. ID

 

CHIEF EXECUTIVE OFFICE

 

TYPE OF

ENTITY

A.P. Woodson Company   06-1059668   820555  

2187 Atlantic Street

Stamford, CT 06902

  corporation
CFS LLC   27-4460830   3997603  

2187 Atlantic Street

Stamford, CT 06902

  Limited liability company
Columbia Petroleum Transportation, LLC   25-1859437   3176183  

2187 Atlantic Street

Stamford, CT 06902

  Limited liability company
Marex Corporation   52-1224796   D-01242627  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Meenan Holdings of New York, Inc.   75-3094989  

N/A in NY

state

 

2187 Atlantic Street

Stamford, CT 06902

  corporation
Meenan Oil Co., Inc.   13-5581656   781936  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Meenan Oil Co., L.P.   11-3083408   2278852  

2187 Atlantic Street

Stamford, CT 06902

  Limited partnership
Minnwhale LLC   20-8048384  

N/A in NY

state

 

2187 Atlantic Street

Stamford, CT 06902

  Limited liability company
Ortep of Pennsylvania, Inc.   23-2319071   830187  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Petro Holdings, Inc.   06-1538741   10J-870  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Petro, Inc.   74-1810078   808113  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Petro Plumbing Corporation   22-3802212   100839703  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Petroleum Heat and Power Co., Inc.   06-1183025   5I-939  

2187 Atlantic Street

Stamford, CT 06902

  corporation


RegionOil Plumbing, Heating and Cooling Co., Inc.   22-2974742   100388793  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Richland Partners, LLC   25-1881489   2990194  

2187 Atlantic Street

Stamford, CT 06902

 

Limited liability

company

Star Gas Finance Company   75-3094991   3614714  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Star Gas Partners, L.P.   06-1437793   2544224  

2187 Atlantic Street

Stamford, CT 06902

 

Limited

partnership

Star Acquisitions   06-1538742   10M-613  

2187 Atlantic Street

Stamford, CT 06902

  corporation
TG&E Service Company, Inc.   65-0952963   P99000086006  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Champion Oil Company [1]   06-1078186   0138412  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Champion Energy Corporation [1]   06-1156651   2079601  

2187 Atlantic Street

Stamford, CT 06902

  corporation
C. Hoffberger Company [1]   52-1437108   D02062974  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Hoffman Fuel Company of Bridgeport [1]   06-1156650   2080827  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Hoffman Fuel Company of Danbury [1]   06-1156647   2080828  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Hoffman Fuel Company of Stamford [1]   06-1156649   2080821  

2187 Atlantic Street

Stamford, CT 06902

  corporation
J.J. Skelton Oil Company [1]   23-2387742   902189  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Lewis Oil Company [1]   11-2780728   N/A in NY state  

2187 Atlantic Street

Stamford, CT 06902

  corporation
Rye Fuel Company [1]   06-1156653   2080829  

2187 Atlantic Street

Stamford, CT 06902

  corporation
[1] Former address for these entities within the last five years was    

1 Radisson Plaza

New Rochelle, NY 10801

 


Schedule 5.9(c)

 

Issuer

 

issued in the name of

 

Ownership Interest

A.P. Woodson Company   Petro Inc.   100 shares of Common Stock, no par value; 100% ownership interest
CFS LLC   Richland Partners, LLC   100% Membership Interest
Champion Oil Company   Champion Energy Corporation   100 shares of Common Stock, $0.01 par value; 100% ownership interest
Champion Energy Corporation   Petro Holdings, Inc.   100 shares of Common Stock, $0.01 par value; 100% ownership interest
C. Hoffberger Company   Champion Energy Corporation   100 shares of Common Stock, $0.01 par value; 100% ownership interest
Columbia Petroleum Transportation, LLC   Richland Partners, LLC   100% Membership Interest
Hoffman Fuel Company of Bridgeport   Champion Energy Corporation   100 shares of Common Stock, $0.01 par value; 100% ownership interest
Hoffman Fuel Company of Danbury   Champion Energy Corporation   100 shares of Common Stock, $0.01 par value; 100% ownership interest
Hoffman Fuel Company of Stamford   Champion Energy Corporation   100 shares of Common Stock, $0.01 par value; 100% ownership interest
J.J. Skelton Oil Company   Champion Energy Corporation   100 shares of Common Stock, $0.01 par value; 100% ownership interest
Lewis Oil Company   Champion Energy Corporation   100 shares of Common Stock, $0.01 par value; 100% ownership interest
Marex Corporation   Petro, Inc.   100 shares of Common Stock, no par value; 100% ownership interest
Meenan Holdings of New York, Inc.   Meenan Oil Co., Inc.   100 shares of Common Stock, no par value; 100% ownership interest
Meenan Oil Co., Inc.   Petro Holdings, Inc.   1,269 shares of Common Stock, par value $ 0.01 per share; 100% ownership interest
Meenan Oil Co., L.P.  

1) Meenan Oil Co., Inc.

 

2) Meenan Holdings of New York, Inc.

 

1) 75.069236% Limited Partnership Interest

 

2) 24.930764% Limited Partnership Interest


Minnwhale LLC   Petro, Inc.   100% Membership Interest
Ortep of Pennsylvania, Inc.   Petroleum Heat & Power Co., Inc.   200 shares of Common Stock, no par value; 100% ownership interest
Petro Plumbing Corporation   Petroleum Heat & Power Co., Inc.   90 shares of Common Stock, $0.01 par value; 90% ownership interest
Petro Inc.   Petroleum Heat & Power Co., Inc.   950 shares of Common Stock, no par value; 100% ownership interest
Petroleum Heat and Power Co., Inc.   Petro Holdings, Inc.   26,452,270 shares of Common Stock, par value $0.10 per share; 100% ownership interest
Petro Holdings, Inc.   Star Acquisitions, Inc.   100 shares of Common Stock, par value $0.10 per share; 100% ownership interest
RegionOil Plumbing, Heating and Cooling Co., Inc.   Meenan Oil Co., L.P.   90 shares of Common Stock, no par value; 90% ownership interest
Richland Partners, LLC   Ortep of Pennsylvania, Inc.   100% Membership Interest
Rye Fuel Company   Champion Energy Corporation   100 shares of Common Stock, $0.01 par value; 100% ownership interest
Star Gas Finance Company   Star Gas Partners, L.P.   100 shares of Common Stock, $0.01 par value; 100% ownership interest
Star Gas Partners, L.P.  

1) Kestrel Heat, LLC

 

2) Public

 

1) 324,100 general partner units representing general partnership interests

 

2) limited partnership units publicly traded

Star Acquisitions, Inc.   Star Gas Partners, L.P.   100 shares of Common Stock, $0.01 par value; 100% ownership interest


Schedule 5.12 Names; Prior Transactions

 

Maxwhale Corp.    Merged into Petroleum Heat & Power Co., Inc. 12/31/2006. Assets contributed by PH&P to Petro, Inc. and by Petro Inc. into Minnwhale LLC, a new Limited Liability Corporation

Existing Entities and Trade Names:

GRANTOR

  

TRADE NAME, DIVISION NAME, ETC.

A.P. Woodson Company    Petro, Robert Shreve Fuel Company, T.W. Perry, Perry Oil
Columbia Petroleum Transportation, LLC    None
CFS LLC    None
Marex Corporation    Petro
Minnwhale LLC    Whaleco, Whale Oil, Campbell & Pratt Oil Company, The Boiler Room, Contex Fuel Company, Cibro of the Bronx, Bergen, Heightstown, Petro, Fuel Oil, McConnell Fuel, Inc., Acme McConnell Fuel, McConnell Oil, Garden State Fuel Oil, Retting Fuel Oil, Retting Coal Co., Inc., Retting Oil, Long Branch Ice & Fuel, Slocum Fuel, Long Branch Ice & Fuel Company, Inc., Slocum Long Beach Fuel Company, Home Fuel Oil Company of Englewood, Franklin, Franklin Petroleum Corp., Franklin Fuel, McDowells, Magullian Fuel, Sipco, Retting, Whaleco, Belco Fuel Oil, Acme Oil, Smith Bros. Fuel, Four Points, Way’s Heating & Cooling
Meenan Holdings Of New York, Inc.    None
Meenan Oil Co., Inc.    None
Meenan Oil Co., L.P.    209 Discount Oil, ABC Oil, Atomic Fuel Oil, Ayers & Seeley Oil, Bartram Fuel Oil, Bell Fuel, Big Saver, Bison Fuel, Borden-Van Alen, Budd Oil Company, Burke Fuel, Burke Fuel & Heating Co., Inc., Burke Heat, Butler Oil, C.G. Sweigart Oil Company, C. Kappers & Son or Kappers & Son, C.O.D. Oil, Campbell Oil, Cash Oil, Certified Petroleum, Christy Halsey Oil, COD.Com, CODOIL.Com, Crown Fuel Co., DeSilva Fuel, Dickman Sargeant Oil, Discount Oil, Effron Fuel Oil Co., Eggert Oil Company, Elias Fuel Oil Co., F.P. Young Co., Heatwell Oil Company, HECO Gas/C. Kappers & Son, Home Comfort Fuel Oil, Hudson Valley Petroleum, Joe’s Fuel, Johnson Oil, K&S Fuel, Kappers & Son/Bridgeville, Kirk’s Fuel, Kunkel Oil Co., Lakeland-Merit-Armstrong, Lawrence Oil, LMA Inc., Love Oil Company, Love/Durkin Fuel, Love/Effron, Marine Oil Co., Maue Oil Company, Maxwell-Canby Fuel Oil, Mayberry Fuel Service, McNulty Oil, Meenan, Meenan Oil, Meenan Oil Co., Meenan Oil Company, Meenan Security Services, “Meenan Security Services, a Divison of Region Oil,” “Meenan Security Services, a Division of Budd Oil Company,” Meenan-North, Need Oil, Oil Direct, Peppelmen Oil, Petrolube, Quality Heating, Region Oil, Riverside Oil, Ruggieri & Sons,
Meenan Oil Co., L.P. cont’d    Sav-on/Liebert Fuel Oil, The SICO Company, SICO Home Comfort, Shoreham Oil Service, Smith Oil, Springfield Oil, Stop Oil, Sussex County Oil, Sussex/Morris Fuel, Valley Fuel Oil, Wallace Oil Company, Young Supply Co., Zongora Fuel, Verplanck Fuel, Premium Petroleum, Buchanan Petroleum, Carpenter and Smith, Four Points
Ortep of Pennsylvania, Inc.    Sinkler, Alderfer Heating & Fuel, Good Service Company, Petro Home Services
Petro Holdings, Inc.    Petro Charles L. Booth, Petro West Bay Electric, Colonial, Radiant Fuel, Fiorillo Fuel, Lorraine Oil,. Erickson Oil Company, Wood’s Heating, Atlas/Glenmor, Waltham Fuel, Coventry, Buckley Heating and Cooling


Petro, Inc.    A-One Oil, Bacu Fuel, Petro, Kavanaugh Oil Company, Flynn Brothers, George Bergold, Ledwith, Tuthill Magee Oil Company, Universal Oil Company-Division of Commander Petro, Hufco Oil Company, Baylis & Baylis, Giffords Energy, Reliance/Ritel, Reliance Fuel Associates, Reliance Fuel Oil Associates, Reliance Associates, Reliance/Ritel, Ryan Oil, Garrison Fuel, Garrison Oil, Garrison Fuel Oil of Long Island, Sail Oil, Seaman Fuel, Shore Fuel Oil, Southhampton Coal and Fuel, Sherman Oil, Tuthill Magee Oil Company, P.H. Dietz, Millbrook Fuel Oil, George Bergold, Kasden Elm City Fuel, Home Oil, Colonial Fuel, Ronlin Fuel, Gordon Fuel Oil, Park Avenue Fuel, Rella, Greco Brothers, V. Savino, Rose Fuel, Bayside Fuel Oil, Sy Luba, Genovese Industries, Oil Burner Utilities Co., Southampton Oil, Hardy Oil, Hardy Plumbing, Heating & Air Conditioning, New Age Fuel Oil, Lyons Fuel Oil, G&S Fuel, Patterson Fule, Consumers Energy Group, Vijax, Patterson Energy Group, Berkoski Oil, Berkoski Security, Combind Oil, Petro Plumbing, Petro Propane
Petroleum Heat and Power Co., Inc.    Petro Home Services, Petro, Paschoal Bros., Jamestown Fuel, Tanner Oil, Reliable Fuel Co., Reliable Oil Co., Newport Oil Corp., Economy Oil, Wakefield Branch Oil, Hy-Test Oil Co., Dexter Bros. Fuel, Leary Oil,
RegionOil Plumbing, Heating and Cooling Co., Inc.    Budd Oil Company
Richland Partners, LLC    Patriot Hauling, Patriot Water, Patriot Oil, Patriot Propane, Dampman-Sturges Oil, Speedway Oil, Tanner Home & Energy, Tanner Oil Company
Star Gas Partners, L.P.    none
Champion Oil Company    none
Champion Energy Corporation    none
C. Hoffberger Company    Eastern Petroleum, Fuelman
Hoffman Fuel Company of Bridgeport    Chickos Oil
Hoffman Fuel Company of Danbury    Haller Stowe, Shelly Fuel, Mahopac Oil
Hoffman Fuel Company of Stamford   
J.J. Skelton Oil Company    Hancock Oil
Lewis Oil Company    Bellmore Fuel, Kurz Oil, Marine Park, Sterling-Coastal Fuel, Vico, Lewis Air Conditioning, Champion Energy Air Conditioning, F&R Fuel, RCF Fuel, A&S Fuel
Rye Fuel Company    Fuel Express, Goddwin Oil, Northern Comfort


Schedule 5.14 Material Agreements

 

  1. Credit Agreement, dated as of July 2, 2009, among Petroleum Heat and Power Co., Inc., the other Loan Parties, the Lenders from time to time a party thereto and JPMorgan Chase Bank, N.A., a national banking association, as an LC ISSUER and as the Agent, Bank of America, N.A. as syndication agent and as an LC Issuer and RBS Citizens, N.A. as documentation agent, as amended.

 

  2. Indenture, dated as of November 16, 2010, among the Parent, Star Gas Finance Company and Union Bank of California, N.A., as trustee.

 

  3. Amended and Restated Unit Purchase Rights Agreement dated as of July 20, 2006 between Star Gas Partners, L.P., and American Stock Transfer & Trust Company, as amended.

 

  4. Interest Purchase Agreement dated November 18, 2004 for the sale of propane operations.


Schedule 5.16 Ownership of Properties

None


Schedule 5.18 Environmental Matters

Petro Holdings, Inc. (“Petro”) and its Subsidiaries’ Remediations:

Lincoln Avenue (Winchendon, MA)

Former Star Gas Propane, L.P. site (1/4 Acre) with groundwater contamination. Currently operating under a Class C RAO- Temporary Solution. No immediate closure prospects exist here due to the contaminant levels and the subsurface bedrock geology. A passive NAPL recovery system has been installed and the property is on a quarterly Operations & Maintenance (O&M) schedule. Costs of $5,000 to $6,000 per year are anticipated while this continues.

School Street (Winchendon, MA)

Former Star Gas Propane L.P. site with contamination in soils and groundwater which impinges on adjacent wetland. Currently classified Tier IA by MADEP. Phase III RAP work plan recently completed with excavated soils currently undergoing ex-situ land farm remediation. Minimal O&M costs are expected in subsequent years as well as quarterly groundwater monitoring.

Clinton, MA (Jems)

Former Star Gas Propane, L.P. site at which Petro has entered into an agreement with JEMS Inc. to cover 30 % of remediation costs. Currently, there is a pump & treat system installed to recover hydrocarbon contamination. Negotiations for settlement and Star Gas exit from remediation are underway. An adjacent site (678 Main St.—Tier II) is also contaminated and Petro alone is the responsible party.

Princeton, NJ

Current operating site of Petro-Princeton. Major cleanup accomplished in past, but several problem areas remain on this complex geological site. Groundwater monitoring continues. Preliminary results show that attenuation has been effective in lowering contaminant levels. The company has opted into the New Jersey LSRP program to complete the characterization of the site and intends to place additional monitoring wells on the site to complete characterization. Upon sampling results a final RACR will be developed.


Champion Energy Corporation and its subsidiary companies:

Hoffman Fuel Company

156 East Washington Avenue

Bridgeport, Connecticut

REM ID NO. 9797

The Hoffman Fuel Company property has historically been utilized and is currently utilized as a bulk petroleum storage and distribution facility. Since the property meets the definition of an “Establishment” as defined by Section 22e-134e of the Connecticut General Statues, Form III Property Transfer filings were submitted to the Connecticut Department of Environmental Protection (CTDEP) following the sale of the property in June 1993, November 2004, and May 2010. Amongst other administrative requirements, an environmental Condition Assessment Form was completed which identified potential environmental areas of concern based upon data obtained during the completion of Phase I and Phase II Environmental Site Assessments (ESA) completed at the property in April 1994 and May 2005. Pursuant to CTDEP correspondence dated June 2010, the CTDEP delegated oversight of the investigation and remediation of the property to a Licensed Environmental Professional (LEP).

The Phase I and Phase II ESAs identified a total of seventeen (17) areas of concern (AOCs) at the property. Specifically, concentrations of specific petroleum compounds have been identified in soil and groundwater at the property at concentrations that exceed the applicable CTDEP Remediation Standard Regulation (RSR) criteria. In addition, the presence of non-aqueous phase liquid (free product) has been identified on the groundwater surface at the property.

Recent activities have included the completion of a Phase III ESA, as well as remedial pilot testing to determine the most effective approach to free product recovery. Based upon the results of these recent activities, a Remedial Action Plan will be prepared to document the remedial approach to be undertaken at the property to comply with the RSRs. This approach will likely involve the use of an engineering control (impermeable membrane) to prevent further leaching of impacted soils, excavation of isolated areas of impacted soil, removal of free product to the extent practicable, execution of an Environmental Land Use Restriction maintaining non-residential use of the property, and possibly in-situ chemical oxidation to address presence of remaining RSR exceedances in groundwater. The estimated costs to implement this remedial approach total $ 3,000,000 with expenses totaling approximately $250,000 incurred to date. The Company currently has $1, 500,000 in environmental reserve against this remedial process with an additional $2,500,000 of escrow reserve available to complete this remedial approach.

Hoffman Fuel Company

170 White Street

Danbury, Connecticut

REM ID NO. 9799

The Hoffman Fuel Company property has historically been utilized and is currently utilized as a bulk petroleum storage and distribution facility. Since the property meets the definition of an “Establishment” as defined by Section 22e-134e of the Connecticut General Statues, Form III Property Transfer filings were submitted to the Connecticut Department of Environmental Protection (CTDEP) following the sale of the property in June 1993, November 2004, and June 2010. Amongst other administrative requirements, an Environmental Condition Assessment Form was completed which identified


potential environmental areas of concern based upon data obtained during the completion of Phase I and Phase II Environmental Site Assessments (ESA) completed at the property in April 1994, April 2005 and March 2006. Pursuant to CTDEP correspondence dated May 2007, the CTDEP delegated oversight of the investigation and remediation of the property to a Licensed Environmental Professional (LEP).

In January 2010, a Phase III ESA was completed which identified a total of twelve (12) AOCs at the property. Specifically, concentrations of specific petroleum compounds have been identified in soil and groundwater at the property at concentrations that exceed the applicable CTDEP Remediation Standard Regulation (RSR) criteria. In addition, the presence of non-aqueous phase liquid (free product) has been identified on the groundwater surface at the property.

In January 2010, a Remedial Action Plan was prepared to document the remedial approach to be undertaken at the property to comply with the RSRs. This approach will involve excavation of isolated areas of impacted soil, removal of free product to the extent practicable, execution of an Environmental Land Use Restriction maintaining non-residential use of the property, and possibly in-situ chemical oxidation to address presence of remaining RSR exceedances in groundwater. The estimated costs to implement this remedial approach total $380,000 with expenses totaling approximately $75,000 incurred to date. Additional

SICO Related Assets Remediations:

The following remediation activities are on properties owned by ORTEP of Pa, under its Richland Partners, LLC subsidiary in connection with the acquisition of the SICO assets:

Sweigart (Denver, PA)

Remediation of historic petroleum UST failure. C.S. Sweigert, SICO’s predecessor, received no further action letter with respect to the soil remediation associated with removal of the tanks in 1991. Groundwater is still contaminated (a site characterization was conducted). In 2007, Richland Partners LLC purchased the property from the owner Sweigart and immediately pursued the closure of the groundwater issue with PADEP. Richland Partners LLC is currently in receipt of an ACT 2 on site specific standards closure letter from PADEP for water contamination stating no further action required. The site shows no additional impact to Richland Partners LLC operations expected in the future.


Richland Partners, LLC Remediations

The following remediation activities are on properties owned by Petro in connection with the acquisition of all of the equity interests in Richland Partners, LLC (“Richland” or also known as Leffler) in June of 2003:

Overview

Ortep of Pennsylvania, Inc., a subsidiary of Petro acquired 100% of the membership interest of Richland Partners LLC on June 4, 2003. As part of the acquisition, real estate was acquired in Pennsylvania in the following locals: York, New Holland, Mount Joy, Lancaster, Richland, Stewartstown and Douglassville, Pennsylvania.

Indemnification

Pursuant to an Asset Purchase Agreement dated March 3, 2001, Richland acquired the assets of Columbia Petroleum Transportation, LLC (“Columbia”). The transaction included the acquisition of all of the real estate listed above, except for the Douglassville property. The Douglassville property was acquired by Richland after its acquisition of Columbia. (Columbia Energy Group - the shareholder of Columbia - is now known as NiSource, Inc.)

The Asset Purchase Agreement (the “Agreement”) provides indemnity protection to Richland for environmental liabilities occurring pre-closing (pre March 26, 2001). The Agreement does not cover the Douglassville property since it was not part of the Richland/Columbia acquisition. The Agreement provides that the seller, Columbia, retains liability for all pre-closing Environmental Conditions,5 and requires Columbia and its shareholder, Columbia Energy Group, (“Shareholder”), to indemnify, defend and hold harmless Richland and other related parties from and against all losses incurred with respect to Retained Liabilities,6 including pre-closing Environmental Conditions.

The Agreement further provides at Article 6.01(a) that Columbia shall be solely responsible for any Environmental Condition arising pre-closing, and Environmental Claims7 and/or Environmental Expenses8 arising therefrom, regardless of whether such environmental condition was discovered or manifested prior to Closing.

 

5  Defined as conditions of the environment, including the ocean, natural resources (including flora and fauna), soil, surface water, groundwater, any present or potential drinking water supply, subsurface strata or the ambient air, relating to or arising out of the use, handling, storage, treatment, recycling, generation, manufacture, formulation, migration, transportation, release, emission, spilling, leaking, pumping, pouring, emptying, discharging, injecting, escaping, leaching, disposal, dumping or threatened release of Regulated Substances.
6  Defined in §2.04(b) of the Agreement.
7  Defined as any Third Party Action, including without limitation those asserted by any Governmental Body, arising out of or relating to any Environmental Condition or any Environmental Noncompliance.
8  Defined as liability, loss, cost or expense arising out of Environmental Noncompliance including, without limitation, costs of investigation, characterization, cleanup, remedial or response action, site control, fines, civil penalties, the costs associated with posting financial assurances for the completion of response, remedial or corrective actions, obtaining permits, the preparation of any closure or other necessary or required plans or analyses, or other reports or analyses submitted to or prepared by regulating agencies, including the cost of health assessments, epidemiological studies and the like, retention of engineers and other expert consultants, legal counsel, capital improvements, operation and maintenance testing and monitoring costs, power and utility costs and pumping taxes or fees, and administrative costs incurred by governmental agencies.


The Agreement also provides at Article 7.03 that Columbia and its Shareholder, jointly and severally, shall indemnify, defend, and hold harmless Purchaser’s Indemnified Persons (defined as Purchaser, subsidiary corporations, sister and other “affiliated” corporations (or other entities) and their officers, directors, employees, stockholders, etc.) from and against any and all Losses directly or indirectly incurred by any of them in respect of Retained Liabilities (inclusive of pre-closing Environmental Conditions). Article 7.07 exempts Retained Liabilities (including pre-closing Environmental Conditions) from any time limitations placed on Seller’s indemnification under Article 7.03. In other words, the indemnification provisions do not expire.

Environmental Insurance

In addition to the foregoing indemnification, there are two (2) XL Company environmental insurance policies in place: (i) A Commercial Property Redevelopment Policy covering the policy period September 11, 2000 to May 11, 2009. This policy was taken out by a predecessor in title to the properties, Carlos R. Leffler, Inc. Subject to certain exclusions, this policy contains, among other coverages, stop loss coverage for remediation work needed to complete the scopes of work in excess of certain specified amounts, (we are not privy to these amounts) for all of the properties except the Douglasville site. The first named insured under this policy is Carlos R. Leffler, Inc. and its successors and assigns. Richland Partners, LLC is a named insured under this policy as it relates to the above listed locations, except Douglassville. The policy also covers a number of other locations not owned by Richland. There are also a number of other additional insureds. Coverage limits are $75 million per loss or expense/$75 million aggregate limit; and (ii) a Pollution and Remediation Legal Liability Policy covering the policy period March 26, 2001 through March 26, 2004. The first named insured is Richland Partners, LLC. Coverage limits are $5 million per loss/$10 million aggregate. The policy excludes, among other things, pollution conditions existing prior to March 26, 2001. It does not cover the current on-going remediation. The Douglasville site is covered under this policy.

XL has recently taken a more aggressive approach in hands-on management of the remedial activities at the various sites, most likely in the interest of gaining some form of closure with the State of Pennsylvania Department of Environmental Protection (PADEP).

Several of these sites are still at a stage of further subsurface investigation and plume delineation. Therefore, conclusions on exact remediation strategies and actions can be considered ‘speculative’ on certain sites.

In general, a majority of the remedial strategies will not employ invasive, active procedures such as large-scale soil excavation or groundwater treatment systems. XL and their engineers have opted for on-going monitoring, natural attenuation and risk assessment-based fate and transport modeling to achieve closure with PADEP. The key effect of this position taken by XL is that any closure achieved via the risk assessment route will usually result in some form of deed restriction attached to the property in question. These deed restrictions limit future uses of the property and could affect salability.


York (York, PA)

The York site actually has three separate problem sub-areas within the whole site. Each sub-area was the result of a separate occurrence and thus, different entities bear the financial responsibility for the remediation of each sub-area. Two sub areas (dike area, pump house) will most likely be remediated via passive means (bailing, absorbent socks) and closely monitored over time with an eventual risk assessment-based closure in the future. The third site has recently been Closed meeting PADEP state-wide health standards with no deed restrictions required. No material interference with the ongoing operations of Petro is expected.

Conclusion: No active remediation seen at this time. Uniform Environmental Covenants Act requirements are likely for the (2) two remaining areas of the site.

New Holland (New Holland, PA)

The New Holland site was previously sub-divided and contamination issues still exist on both new properties. There was an existing dual-phase soil/water treatment system in use, but it has since been de-activated. Off-site well installation for further delineation of the existing plume(s) has been completed, soil attainment studies have been completed. The current goal is to achieve closure via risk assessment-based fate and transport modeling. A RACR report has been completed but not filed with PADEP until the three subdivided parties reach agreement on the UECA requirements. No material interference with the ongoing operations of Petro is expected.

Conclusion: Most likely continued monitoring and no active remediation. Uniform Environmental Covenants Act (UECA) requirements will be required related to well installation for ground water use.

Lancaster (Lancaster, PA)

The Lancaster site had an active test remediation system installed and run for three months in the fall of 2008. Results from this test program have been completed and a final decision on the remedial approach at this site is pending. Additional vapor studies have also been completed in 2008 in support of the final remedial approach decision. Duration of the remedial operation is open-ended and will depend on analytical results as conducted. No material interference with the ongoing operations of Petro is expected.

Conclusion: Active remediation potential going forward, longer term (two years). A Uniform Environmental Covenant Act (UECA) requirement covering groundwater, soil, and vapor will most likely be required.


Richland (Richland, PA)

The Richland site also has two distinct sub-areas of concern. The first, a historical release due to vandalism, has been remediated partially via soil removal and continues forward on a periodic monitoring program. Third party water and vapor studies have been successfully completed and a RACR is in final stages of review for PADEP submission/closure under PA Act 2 regulations. The second AOC has been closed under PA Act 2 by PADEP and has resulted in deed notices for soil and vapor issues in a very small delineated area on the site.

Conclusion: No active remediation, Uniform Environmental Covenant Act (UECA) requirements will be issued on one (1) AOC “vandalism” area for groundwater, soil, and vapor issues. No material interference with the ongoing operations of Petro is expected.

Stewartstown (Stewartstown, PA)

The Stewartstown site has groundwater contamination. There is a municipal supply well down gradient of the existing contaminant plume. Current data suggest that risk assessment-based fate and transport modeling will be successful in achieving closure for all issues. A RACR has been submitted to PADEP for closure under PA ACT 2 regulations. Additional questions were received from PADEP to the RACR and current work to answer these issues is being completed.

Conclusion: No active remediation, Uniform Environmental Covenant Act (UECA) requirements will be required at this site for potential groundwater, soil, or vapor issues.

Meenan Oil Co., L.P. Remediations:

TULLYTOWN BULK PETROLEUM STORAGE FACILITY (TULLYTOWN, PA)

The Tullytown Bulk Petroleum Storage Facility consists of bulk above-ground storage and delivery truck loading, barge dock, fleet and delivery services equipment garages and offices. The facility operates within all relevant regulatory compliance required by United States’ Environmental Protection Agency (USEPA), United States Coast Guard (USCG), Pennsylvania Department of Environmental Protection (PADEP) and other federal, state and local governing bodies. Mock alert drills covering potential worst-case release scenarios are conducted periodically in accordance with USEPA guidelines. Historical facility operations’ impact to soil and groundwater have been successfully assessed/characterized with site-wide PADEP regulatory release of liability pending. Costs of $10,000 annually are anticipated.


UPPER DARBY PETROLEUM BULK STORAGE FACILITY (UPPER DARBY, PA - YOUNG SUPPLY)

Strategically located small bulk plant and loading facility includes tank equipment service garages, parking and offices. The facility operates within all relevant regulatory compliance required by USEPA, PADEP and other federal, state and local governing bodies. Mock alert drills covering potential worst-case release scenarios are conducted periodically in accordance with USEPA. A single well-defined area of soil and groundwater concern is currently undergoing a PADEP approved voluntary remediation. This AOC area is progressing through PA ACT 2 closure with completion of vapor sampling and a written report was submitted in 2010. A UECA covenant to groundwater will be required. Awaiting final 2011 approval of submitted reports.

Holiday City (Silverton, NJ - Redi-Flo)

Holiday City at Silverton, New Jersey was developed as a planned adult (over 55) community with a gravity fed central fuel oil distribution system owned and operated by Redi-Flo. Operational problems/releases prompted earlier owners to properly decommission the system circa 1984. Since then continuous ongoing assessment and remedial efforts have been largely successful in mitigating earlier releases. Successful earlier remedial efforts, as approved by NJDEP, have given away to intermittent monitoring and remediation via natural attenuation of remnant impacts. Water issues have drawn to nearly a close, anticipation of several of the least impacted soil areas has been under way with significant progress in two (2) areas toward final closure Costs of $100,000 for 2011 are anticipated. No impact to any of the residents in the residential community has ever been reported

18.1. Meenan Clinton, NJ Facility

The soil remedial investigation (RI) conducted in the former gasoline tank and dispenser area revealed Benzene, Ethylbenzene, Toluene and Xylenes contamination in the surface and subsurface soils of the vadose zone which in effect resulted in the contamination of the ground water at this area of the site. Soil remediation was conducted and completed.

A ground water remedial investigation of former heating oil UST closures has been on-going since 1997. Additional wells have been installed on-site. Recommended course of action: Quarterly monitoring and periodic enhanced fluid recovery events have been ongoing. Costs of $20,000 for 2011 are anticipated as monitoring has allowed wells to be clear and the final request for closure report to be written by CARE Environmental in 2011.

18.2. Meenan Chester, NJ (“Christy Halsey”) Facility

The soil remedial investigation (RI) conducted in the western containment area revealed Methyl-tert-Butyl Ether (MTBE) and t-butyl alcohol (TBA) contamination in the surface soils to depths of 3’-4’ bg. The soils were remediated in accessible areas. Further soil RI conducted in the eastern containment unit revealed similar findings. The ground water remedial investigation (5 monitor wells) shows MTBE and TBA contamination in ground water at locations near the containment area and ~50’ down gradient (southeasterly). The monitor well near the southern property line ~110’ south of AOC is contaminant free. MTBE enters the property at an average level of 1095 ppb which is expected to be the clean-up standard for the site in lieu of the NJDEP criteria of 70 ppb. The release is historical in nature.


Recommended course of action: An aggressive approach to ground water treatment was conducted to mitigate the MTBE and TBA by Pump and Treatment and recirculation of ORC-advanced installed with trenching applications. All wells except one have shown marked improvement under the statewide standards. An ISOC treatment into well #MW-3 is planned to continue initial ORC remedial work in this zone. Costs of $24,000 for 2011 are anticipated. CARE Environmental is completing the remedial work.

Schedule 5.18(d)

CERCLA Site

None


Schedule 5.21 Indebtedness

Star Gas Partners, L.P. and Star Gas Finance Company

 

Senior Notes due December 2017

   $ 125,000,000   


Schedule 5.22 Affiliate Transactions

None


Schedule 5.23 Real Property; Leases

Owned Real Estate

 

Record Owners

   State   

Property Name

  

Address

  

City

   Zip
Code
Ortep of Pennsylvania, Inc.    PA    Roy E. Miller    301 N. Forge Road    Palmyra    17078
Petro Holdings, Inc.    CT    Whaleco/Colonial    12 Colonial Road    Canton    06019
Petro Holdings, Inc.    RI    DeBlois E. Greenwich    2579 South Country Trail    E. Greenwich    02818
Meenan Oil Co, LP    NY    Burke    26 Bayview Rd. nr. Roa Hook Road    Peekskill    10566
Meenan Oil Co, Inc.    NJ    Meenan Oil Clinton    108 W. Main Street    Clinton    08809
Meenan Oil Co, LP    NJ    Meenan Oil Chester    65 Maple Avenue    Chester    07930
Meenan Oil Co, LP    NJ    Meenan Oil Franklin    460 Route 23    Franklin    07416
Meenan Oil Co, LP    NJ    BudOil Co.    55 US Highway 46    Hackettstown    07840
Meenan Oil Co, LP    NY    Wallace    10 Sands Station Road    Middletown    10940
Meenan Oil Co, LP    PA    Kirk’s Fuel    1859 Route 212    Quakertown    18951
Petro Holdings, Inc.    RI    Ryan    25 Stafford Street    Warwick    02886
Meenan Oil Co, LP    NJ    Hamburg    State Route 23 at Oak Street    Hamburg    07419
Petro Inc.    NY    Billings    Routes 55 & 82    Billings    12510
Petro Holdings, Inc.    RI    River - Woonsocket    1182 River St.    Woonsocket    02895
Marex Corp.    MD    Marex Corp.    8900 Citation Rd.    Baltimore    21221
Meenan Oil Co, LP    NJ    Region Oil    15 Richboyton Road    Dover    07801
Minnwhale LLC    NJ    Whaleco    800 State Road    Princeton    08540
Petro Inc.    NY    Eastern Depot    30 Old Dock Road    Yaphank    11980
Meenan Oil Co, LP    NY    Meenan Long Island    3020 Burns Avenue    Wantagh    11793
Ortep of Pennsylvania, Inc.    PA    DJ Witman    4025 Pottsville Pike    Reading    19605
Meenan Oil Co, Inc.    PA    Meenan Oil    113 Main Street    Tullytown    19007
Meenan Oil Co, Inc.    PA    Young Supply    8301 Lansdowne Avenue    Upper Darby    19082
Richland Partners, LLC    PA    Richland    62 N. Main Street    Stewartstown    17363
Richland Partners, LLC    PA    Richland    1234 Cloverleaf Road    Mt Joy    17552
Richland Partners, LLC    PA    Richland    669 E Ross Street    Lancaster    17602
Richland Partners, LLC    PA    Richland    572 E. Main Street    New Holland    17557
Richland Partners, LLC    PA    Richland    25 Hanover Street    York    17404
Petro Holdings, Inc.    RI    Prov Energy Oil    141 Knight Street    Warwick    02886
Petro Holdings, Inc.    RI    Prov Energy Oil    12 Stafford Street    Warwick    02886


Petro Holdings, Inc.    RI    Prov Energy Oil    550 Fish Road    Tiverton    02878
Petro Holdings, Inc.    RI    Prov Energy Oil    1191 River Street    Woonsocket    02895
Hoffman Fuel Company of Bridgeport    CT    Bridgeport    195 E. Washington Street    Bridgeport    06611
Hoffman Fuel Company of Danbury    CT    Danbury    170 White Street    Danbury    06810
Hoffman Fuel Company of Danbury    CT    New Milford    519 Danbury Rd    New Milford   

Leased Property

 

Location    Street    City / St / Zip    Landlord    Legal Entity
New Milford    511 Danbury Road    New Milford CT 06776    Sycamore Trails Group LLC    Petro Inc.
Connecticut    52, 55 & 71 Day Street    Norwalk CT 06854    Robert Schwartz    Petro Inc.
New Haven    212 Elm St.    North Haven CT 06473    O’Leary-Vicunas No. Two, LLC    Petro Holdings, inc.
Corporate    2187 Atlantic Street    Stamford CT 06902    Antares 2187 Atlantic Spe LLC    Petro Inc.
Boston    295 Eastern Avenue    Chelsea MA 02150    Northeast Petroleum Div of Cargill, Inc.    Petroleum Heat & Power, Inc.
Boston    51 Industrial Drive    Readville MA 02081    Antonio Musto & Joseph Musto    Petro Holdings, Inc.
Kenvil    94 Dell Avenue    Kenvil NJ 07847    Sylway Properties    Minnwhale LLC
Lakewood    99 River Avenue    Lakewood NJ 08701    Kaitlyn Industries, Inc    Minnwhale LLC
Linden    11 Lincoln St.    Linden NJ 07036    Linden Associates VI    Minnwhale LLC
Pennsauken    1701 Sherman Ave.    Pennsauken NJ 08110    Mid America    Minnwhale LLC
South Plainfield    40 Cragwood Road    South Plainfield NJ 07080    Cragwood LLC    Minnwhale LLC
Wantaugh-S&V Realty    16A Bayville Avenue    Bayville NY 11709    16 Bayville corp    Meenan Oil Co. LP
Hudson River Petroleum-Burke    87 N. Main St    Brewster NY 10509    Richard E. Bouton    Meenan Oil Co. LP
Desilva Ice & Fuel (Mt.Kisco)-Burke    343 N. Bedford Rd.    Brewster NY 10509    Manuel Monterio    Meenan Oil Co. LP


Durkin    560 N. Main St.    Brewster NY 10509    Durkin water supply.    Meenan Oil Co. LP
Brooklyn    1820 Cropsey Avenue    Brooklyn NY 11214    Sergio & Vincent Allegretti    Petro Inc.
Floral Park    185 Magnolia Avenue    Floral Park NY 11001    Patterson Fuel Oil Company Inc    Petro Inc.
Burke Realty Hawthorne    475 Commerce St.    Hawthorne NY 10532    George E. Burke    Meenan Oil Co. LP
Hicksville    477 W. John St. and 5 Alpha Plaza    Hicksville NY 11801    Alpha John Associates    Petro Inc.
Hicksville    51 Alpha Plaza    Hicksville NY 11801    Stelow Inc    Petro Inc.
Highland    388 Upper North Road    Highland NY 12528    Tricia Holdings, Inc., LLC    Petro, Inc.
Petro - East    125 West Meadow Road    King’s Park NY 11754    AHJ Associates    Petro Inc.
Maspeth    55-60 58th Street    Maspeth NY 11378    Capitol Distributors Corp    Petro Inc.
Hardy    13520 Main St.    Mattituck NY 11952    Joseph Hardy    Petro Inc.
Melville    520 Broadhollow Road    Melville NY 11747    Reckson Austrailia Portfolio Clearing    Petro Inc.
Carpenter & Smith    100 Spring St.    Monroe NY 10950    Herbert Schneider    Meenan Oil Co. LP
Burke-Premium    2101 Post Road    Montrose NY 10548    John Griffin    Meenan Oil Co. LP
Plainview    3 - 5 Fairchild Court    Plainview NY 11803    Commander Enterprises    Petro Inc.
Plainview    1 Fairchild Court    Plainview NY 11803    Long Island Industrial MGT LLC    Petro Inc.
Melville - Dispatch / IT    171 Ames Court    Plainview NY 11803    ESCO Management C/O JFI    Petro Inc.
Effron-Norfe Realty (oil terminal)    144 and 154 Garden St.    Poughkeepsie NY 12601    Dawn Effron    Meenan Oil Co. LP
Effron-Norfe Realty (office and garage)    144 and 154 Garden St.    Poughkeepsie NY 12601    Dawn Effron    Meenan Oil Co. LP
Ryan    47 Patrick Lane    Poughkeepsie NY 12603    Patrick Page Commercial Properties, LLC    Meenan Oil Co. LP
Ryan    35 Patrick Lane    Poughkeepsie NY 12603    John Page Development, LLC    Meenan Oil Co. LP


Ryan    Parking Lane Parking Lot    Poughkeepsie NY 12603    Patrick Page Commercial Properties, LLC    Meenan Oil Co. LP
Hardy    76 Mariner Drive (Northwestern)    Southampton NY 11968    P & J Associates    Petro Inc.
Hardy    7 Greenfield & 1654 County Road 39    Southampton NY 11968    Joseph Hardy    Petro Inc.
Hardy    76 Mariner Drive (Southwestern)    Southampton NY 11968    P & J Associates    Petro Inc.
Southampton Termial    224 N. Main St.    Southampton NY 11968    224 North Main Street LLC    Petro Inc.
Burke-Manuele Mngmt Group    9 Walnut Place    Thornwood NY 10594    Fariello Family, Trust    Meenan Oil Co. LP
Burke -Verplank    126 Broadway    Verplank NY 10596    Regina Keefe Trustee    Meenan Oil Co. LP
Bronx    1416 Williamsbridge    Bronx NY 10461    Ardee Plaza, LLC    Petro Inc.
Leffler-Douglassville    21 Unionville Rd.    Douglassville PA 19518    NJB Partners LLC    Richland Partners, LLC
Leffler-Douglassville    Additional space @ 21 Unionville Road    Douglassville PA 19518    NJB Partners LLC    Richland Partners, LLC
Leffler-Lucknow    3300 Industrial Rd.    Harrisburg PA 17110    Eldorado Properties    Richland Partners, LLC
Mt Joy-(office, garage, rollman bldg.    13-15 Mount Joy St. (see comment)    Mount Joy PA 17552    DH & PM Properties    Richland Partners, LLC
Leffler-Richland    225 East Main St.    Richland Borough PA 17087    Premier R&G Properties    Richland Partners, LLC
Pennysylvania    650 Knowles Ave    Southampton PA 18966    Douglas E. Woosnam    Ortep of Pennsylvania
Allentown    6330 Farm Bureau Road    Upper Macungie PA 18106    Paul Weis    Ortep of Pennsylvania
Woods    22 Almeida Ave    East Providence RI 02914    Benker Family LLC    Petro Holdongs, Inc.
Providence    50 Houghton Street    Providence RI 02904    50 Houghton Associates, LP    Petroleum Heat & Power, Inc.
Buckley    741 East Main Road    Middeltown RI 02842    Highlander Realty LLC    Petro Holdings, Inc.
Buckley    1630-1632 Kingstown Rd    South Kingston RI 02879    Highlander Realty LLC    Petro Holdings, Inc.


Arlington    6873 Lee Highway Arlington    Arlington VA 22213    R. Shreve LLC    A.P. Woodson Company
Wallace    50 Industrial Place    Middletown NY 10940    Alta East inc.    Meenan Oil Co. LP
Region    276 Main St.    Hackettstown NJ 07840    CK & S Buliding Dorothy kappers    Meenan Oil Co. LP
Region    282 Main St.    Hackettstown NJ 07840    DE KAPPERS Dorothy kappers    Meenan Oil Co. LP
Rye Fuel    225 Greenleaf Avenue    Portsmouth NH 03801    PPG Properties    Rye Fuel Company
Lewis Oil Company    50 Roselle St.    Mineola NY 11501    Windsor Fuel Company Inc. Pension Trust    Lewis Oil company, Inc.
C. Hoffberger Company    1400 Ceddox Street    Baltimore MD 21226    E. Stewart Mitchell    C. Hoffberger Company
C. Hoffberger Company    33 Hudson Street    Annapolis MD 21401    Petroleum Marketing Group, Inc.    C. Hoffberger Company
Lewis Oil Company    175 Sunnyside Holding Corp.    Plainview NY 11803    175 Sunnyside Blvd., Inc.    Lewis Oil company, Inc.
Lewis Oil Company    274-C Montauk Hwy    Hampton Bays NY 11946    RCF Properties Corp.    Lewis Oil company, Inc.
Hoffman Fuel Company    56 Quarry Rodad    Trumbull CT 06611    Robert D. Scinto    Hoffman Fuel Company of Danbury
Champion Energy Company    1 Radisson Plaza    New Rochelle NY 10801    New Rochelle Hotel Associates    Champion Energy Company
J.J. Skelton Company    5125 Simpson Ferry Rd    Mechanicsburg PA 17050    Gulf Oil Limited Partnership    J.J. Skelton Company
Tanner (Leffler)    1120 Mount Rock Rd    Shippensburg PA 17257    Rohr Family Limited Partnership    Richland Partners, LLC
Tanner (Leffler)    1120 Mount Rock Rd    Shippensburg PA 17257    Rohr Family Limited Partnership    Richland Partners, LLC
Ways Heating and Cooling    1395 River Road    Titusville NJ 08500    Randy Downs and Robert O’Rourke    Minwhale LLC
Leffler    1234 Cloverleaf Road    Mount Joy PA 17552    Bridgestone Americas Tire Operations, LLC    Richland Partners, LLC
J.J. Skelton Company    40 W, Manoa Rd    Havertown, PA 19083    Boyle Energy    J.J. Skelton Company


Schedule 5.24 Intellectual Property Rights

 

MARK

 

REG. NO.

 

REG. DATE

 

GOODS

 

OWNER

 

NEXT ACTION DUE

 

NOTES

COOLGUARD   2,503,081  

October 30,

2001

  International Class 36 - Warranty contracts in the field of residential central air conditioning systems.   Petroleum Heat and Power Co., Inc.  

Renewal due October 30, 2011

 

Renewal filed on 5/10/2011

 

Awaiting acceptance from USPTO.

  Active Registration.
OIL DIRECT GET THAT WARM FEELING FOR LESS   2,538,481   February 12, 2002   International Class 39 – Delivery of residential home heating oil by truck.   Petroleum Heat and Power Co., Inc.   Renewal due February 12, 2012  

Active Registration. To be revisited in 2012.

LOGO   2,363,100   June 27, 2000   International Class 39 – Delivery of residential home heating oil by truck.   Petroleum Holdings, Inc.   Renewal due June 27, 2010   Cancelled: January 28, 2011
PETRO 2000   2,300,478   December 14, 1999   International Class 4 - Diesel fuel sold with pre-mixed additives.   Petroleum Heat and Power Co., Inc.   Renewal Due December 14, 2019   Active Registration.


MARK

 

REG. NO.

 

REG. DATE

 

GOODS

 

OWNER

 

NEXT ACTION DUE

 

NOTES

LOGO   2,449,407   May 8, 2001  

International Class 37 - Clean-up services for accidental releases of fuel oil from above-ground and underground fuel oil heating systems, provided to others through a service plan.

 

International Class 42 - Inspection services for others in the field of above-ground and underground fuel oil heating systems, provided through a service plan.

  Petroleum Heat and Power Co., Inc.   Renewal due May 8, 2021   Active Registration.
DEBLOIS   2,892,718   October 12, 2004  

International Class 4 – Fuel oil for heating purposes.

 

International Class 35 – Fuel oil distribution services.

 

International Class 37 – Installation, repair and maintenance of fuel oil equipment

  Petro Holdings, Inc.   Renewal due 10/12/2014   Active Registration. To be revisited in 2014.
LOGO   2,171,734   July 7, 1998  

International Class 4 – Fuel oil.

 

International Class 37 - Oil burner and boiler regulation and repair services.

 

International Class 39 - Delivery of heating oil by truck.

  Petroleum Heat and Power Co., Inc.   Renewal due July 7, 2018   Active Registration.
LOGO   538,181  

February 20,

1951

  International Class 4 – Fuel oils for heating purposes.   Petroleum Heat and Power Co., Inc.   Renewal due February 20, 2021   Active Registration.


MARK

 

REG. NO.

 

REG. DATE

 

GOODS

 

OWNER

 

NEXT ACTION DUE

 

NOTES

PETRO and Design (House and Hand)

 

LOGO

  3,514,854   October 14, 2008   International Class 37 – HVAC contracting services, namely, installation, maintenance and repair of HVAC Systems; plumbing services, namely installation, maintenance and repair   Petroleum Heat and Power Co., Inc.   Sections 8 & 15 due between October 14, 2013 and October 14, 2014   Active Registration. To be revisited in 2013.

House and Hand Design

 

LOGO

  77/215,448   June 26, 2007   International Class 37 – HVAC contracting services, namely, installation, maintenance and repair of HVAC Systems; plumbing services, namely installation, maintenance and repair   Petroleum Heat and Power Co., Inc.   Notice of Abandonment: 10/27/2008   As anticipated, rec’d Office Action challenging generic aspect of mark. Discussed with J. McDonald and no use can be shown beyond use with the word PETRO so will allow mark to be abandoned.

PETRO and Design (House and Hand)

 

LOGO

  77/214,886   June 25, 2007   International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.   Petroleum Heat and Power Co., Inc.   Notice of Abandonment: 6/1/2009  


MARK

 

REG. NO.

 

REG. DATE

 

GOODS

 

OWNER

 

NEXT ACTION DUE

 

NOTES

House and Hand Design

 

LOGO

  77/215,005   June 25, 2007   International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.   Petroleum Heat and Power Co., Inc.   Notice of Abandonment: 10/27/2008   Received notice of allowance and statement of use coming due shortly but discussed with J. McDonald and no use can be shown beyond use with the word PETRO so will allow mark to be abandoned.
PETRO PROTECTION SERVICES   77/214,244   June 25, 2007   International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.   Petroleum Heat and Power Co., Inc.   Notice of Abandonment: 6/1/2009  
PETRO SECURITY SERVICES   77/214,260   June 25, 2007   International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.   Petroleum Heat and Power Co., Inc.   Notice of Abandonment: 6/1/2009  
PETRO (Word Mark)   85/248,316   February 22, 2011  

IC4 - Fuel oils.

 

IC37 – HVAC contracting services, namely, installation, maintenance and repair of HVAC systems; plumbing services, namely installation, maintenance and repair.

 

IC39 – Delivery of heating oil by truck.

  Petroleum Heat & Power Co.   Newly filed application. Awaiting review from Examining Attorney.   Pending


MARK

 

REG. NO.

 

REG. DATE

 

GOODS

 

OWNER

 

NEXT ACTION DUE

 

NOTES

LOGO   2,100,059   September 23, 1997   International Class 37 – Installation, maintenance and repair of security alarm systems for residential and commercial use.   Meenan Oil Co., L.P.   Renewal Due: September 23, 2017   Active Registration.
WARMTH IS WHAT WE’RE ALL ABOUT   1,720,717   September 29, 1992  

International Class 37 – Installation, repair and maintenance of heating equipment.

 

International 42 – Heating oil distributorship services.

  Meenan Oil Co., L.P.   Renewal Due: September 29, 2012   Active Registration. To be revisited in 2012.

LOGO

 

MEENAN WARMTH IS WHAT WE’RE ALL ABOUT

  1,572,413   December 19, 1989  

International Class 37 – Installation, repair and maintenance of heating equipment.

 

International 42 – Heating oil distributorship services.

  Meenan Oil Co., L.P.   Renewal Due: December 19, 2019   Active Registration.
TRU GAS   2,932,543   March 15, 2005   International Class 4 – Liquid propane gas for use with gas appliances.   Inergy Propane, LLC   Renewal Due: March 15, 2015  

Active Registration. We do not Maintain.

 

Per instruction of J. McDonald, this mark is not maintained by Star Gas; it belongs to Inergy. Therefore, nothing is to be done for this mark.


MARK

 

REG. NO.

 

REG. DATE

 

GOODS

 

OWNER

 

NEXT ACTION DUE

 

NOTES

STAR GAS   2,896,721   October 26, 2004  

International Class 4 – Liquid propane gas for use with gas appliances.

 

International Class 35 – Retail and wholesale distributorship of propane gas.

  Inergy Propane, LLC   Sections 8 & 15 due between October 26, 2009 and October 26, 2010.  

Active Registration.

 

Per instruction of J. McDonald, this mark should be in Star Gas’s name. Need to change ownership in connection with next due date. Star Gas maintains this mark.

 

Conference with J. McDonald, Rich and Rich on 9/28/2010, allow registration to become abandoned.

LOGO   2,778,808   November 4, 2003   International Class 4 – Liquid petroleum gas.   Star Gas Corporation   Sections 8 & 15 due between November 4, 2008 and November 4, 2009.  

Cancelled Under Section 8: 6/12/2010

 

Per instruction of J. McDonald, this mark is not maintained by Star Gas; it belongs to Inergy. Therefore, nothing is to be done for this mark.


MARK

 

REG. NO.

 

REG. DATE

 

GOODS

 

OWNER

 

NEXT ACTION DUE

 

NOTES

LOGO   1,769,632   May 11, 1993   International Class 4 – Liquid propane gas for use with gas appliances.   Inergy Propane, LLC   Renewal Due: May 11, 2013  

Active Registration. To be revisited in 2013.

 

Per instruction of J. McDonald, this mark should be in Star Gas’s name. Need to change ownership in connection with next due date. Star Gas maintains this mark.

 

Conference with J. McDonald, Rich and Rich on 9/28/2010, we will revisit in May, 2012 re use of the mark and clean up of title.

PATRIOT PROPANE   3,394,777   3/11/2008  

International Class 37 – Servicing equipment that utilizes propane.

 

International Class 39 – Delivery of propane by truck.

  Richland Partners, LLC   Sections 8 & 15 due between March 11, 2013 and March 11, 2014   Active Registration.
LEFFLER ENERGY   2,858,853   June 29, 2004  

International Class 35 – Wholesale distributorships and retail services featuring oil, gasoline and other petroleum products

 

International Class – 37 Maintenance and repair of equipment utilizing oil, gasoline and other petroleum products, namely furnaces, boilers, hot water heaters and like equipment.

  Richland Partners, LLC   Renewal Due: June 29, 2014   Active Registration. To be revisited in 2014.


MARK

 

REG. NO.

 

REG. DATE

 

GOODS

 

OWNER

 

NEXT ACTION DUE

 

NOTES

STAR GAS   2,905,698   November 30, 2004   International Class 37 – Installation, repair and maintenance of liquid propane gas equipment.   Stellar Propane Service, LLC   Sections 8 & 15 due between November 30, 2009 and November 30, 2010  

Active Registration.

 

Per instruction of J. McDonald, this mark should be in Star Gas’s name. Need to change ownership in connection with next due date. Star Gas maintains this mark.

 

Conference with J. McDonald, Rich and Rich on 9/28/2010, allow registration to become abandoned.

SURE START   3,421,803   May 6, 2008   International Class 37 – Maintenance and repair of heating and air conditioning equipment   Star Gas Partners, L.P.   Sections 8 & 15 due between May 6, 2013 and May 6, 2014   Active Registration.
LEFFLER Logo Design   77/215,690   6/26/2007   International Class – 27 HVAC contracting services, namely, installation, maintenance and repair of heating, ventilation and cooling systems, plumbing services, namely installation, maintenance and repair   Star Gas Corporation   Notice of Abandonment: 5/14/2008   Office Action received citing almost identical mark. Conference with J. McDonald – further prosecution of mark ceased and application will be allowed to lapse.
LEFFLER ENERGY (Word mark)   77/215,503   6/26/2007   International Class – 27 HVAC contracting services, namely, installation, maintenance and repair of heating, ventilation and cooling systems, plumbing services, namely installation, maintenance and repair   Star Gas Corporation   Notice of Abandonment: 2/13/2009   Decision was made to abandon this mark and file new application in correct owner’s name.


MARK

 

REG. NO.

 

REG. DATE

 

GOODS

 

OWNER

 

NEXT ACTION DUE

 

NOTES

LEFFLER ENERGY (Word mark)   3,678,856   September 8, 2009   International Class – 27 HVAC contracting services, namely, installation, maintenance and repair of heating, ventilation and cooling systems, plumbing services, namely installation, maintenance and repair   Richland Partners, LLC   Sections 8 & 15 due between September 8, 2014 and September 8, 2015   Active Registration.
FOUR POINTS   3,851,247   September 21, 2010  

International Class 37 - Installation, maintenance and repair of heating equipment

 

International Class 39 – Delivery of heating oil.

  Petroleum Heat & Power Co., Inc.   Sections 8 & 15 due between September 21, 2015 and September 21, 2016   Active Registration.
FOUR POINTS and Design   3,846,285   September 7, 2010  

International Class 37 - Installation, maintenance and repair of heating equipment

 

International Class 39 – Delivery of heating oil.

  Petroleum Heat & Power Co., Inc.   Sections 8 & 15 due between September 7, 2015 and September 7, 2016   Active Registration

The following trademarks are protected under common law rights. There are no federal registrations issued or pending with the United States Patent and Trademark Office at this time.

 

HALLER STOWE   LEWIS AIR CONDITIONING  
SHELLY FUEL   CHAMPION ENERGY AIR CONDITIONING  
MAHOPAC FUEL   F & R FUEL  
HOFFMAN AIR CONDITIONING   RCF FUEL  
CHICKOS OIL   A & S FUEL  
BELLMORE FUEL   HANCOCK OIL  
KURZ OIL   FUEL EXPRESS  
MARINE PARK   GOODWIN OIL  
STERLING – COASTAL FUEL   NORTHERN COMFORT  
VICO   FUELMAN  


Schedule 5.25 Insurance

 

 

Named Insured

  

Coverage

   Limit of
Liability
     Term     

Company/
Policy Number

   Annual
Premium
    

Notes

1. Petro Holdings, Inc.    General Liability               
           10/1/10-11       Commerce and Industry    $ 121,183       Covers all states of operations
            360-25-05      
  

BI & PD each occurrence

   $ 1,000,000                Terrorism charge incl. In premium
  

Personal Injury

   $ 1,000,000               
  

Products/Comp. Ops. Aggregate

   $ 2,000,000               

Pollution included for liability arising from installation, service activity and misdelivery

  

 

General Aggregate

  

 

$

 

5,000,000

 

  

           
  

Fire Legal Liability

   $ 100,000               
  

Medical Expense

   $ 5,000                Premium represents excess of SIR
  

 

Employee Benefit Liability

               and does not include loss fund payments.
  

 

per occurrence

  

 

$

 

1,000,000

 

  

           
  

aggregate

   $ 1,000,000               
  

Self Insured Retention

   $ 1,000,000               


2. Petro Holdings, Inc.

   Automobile               
  

Liability (Combined Single Limit)

   $ 2,000,000         10/1/10-11       Commerce and Industry    $ 288,788       Premium -All States except MA
  

Personal Injury Protection

     Statutory          CA 720-46-98       Surcharges/Fees
  

Med. Pay. (Private Pass. Only)

   $ 5,000               
  

Uninsured Motorist - All Vehs.

    
 
Statutory
Min.
  
  
           

Terrorism charge incl. In premium

  

Deductible

   $ 1,000,000               

Premium represents excess of deductible and does not include loss fund payments.

                 

Pollution covered which arises from the load, unload and transport of product

  

Liability (Combined Single Limit)

   $ 2,000,000         10/1/10-11      

Commerce and Industry

   $ 14,695       Premium - Covers Commonwealth of MA
  

Personal Injury Protection

     Statutory         

CA 720-46-97

     
  

Med. Pay. (Private Pass. Only)

 

Uninsured Motorist - All Vehs.

   $

 

 
 

5,000

 

Statutory
Min.

  

 

  
  

           

Premium represents excess of deductible and does not include loss fund payments.

  

Deductible

   $ 1,000,000               

Pollution covered which arises from the load, unload and transport of product

                  Same as the above auto policy except this policy only applies in MA


3. Petro Holdings, Inc.    Workers’ Compensation Policy               
         10/1/10-11    New Hampshire Ins Co    $ 1,624,042       Provides excess Workers Compensation for your employer obligation in all states of operations
            720-83-99      AOS      
  

Coverage A

     Statutory          258-89-049      MA Only       Covers all states of operations
  

Coverage B - Employer Liab.

               Premium Includes NY Assessment
  

Each Accident

   $ 1,000,000                Provides benefits in the states of:
  

Policy Limit

   $ 1,000,000                CT, MA, MD, NY, NJ, NH, PA, RI, VA
  

Each Employee

   $ 1,000,000                *Includes the New York Assessment
   Deductible:    $ 1,000,000                Terrorism charge incl. In premium terrorism in all states except NJ .06; claim handling also included in premium.
                  Note: Premium does not include loss fund payments.
                  **Taxes & Assessments - all except NY
4. Grand Plumbing    General Liability               
  

General Aggregate

   $ 2,000,000       10/1/10-11    Commerce and Industry    $ 1,000       Covers all states of operations
  

Products/Comp. Ops. Aggregate

   $ 1,000,000          360-25-06      
  

Personal Injury

   $ 1,000,000                Terrorism charge incl. In premium
  

BI & PD each occurrence

   $ 1,000,000               
  

Fire Legal Liability

   $ 100,000               
  

Medical Expense

   $ 5,000               


5. Grand Plumbing    Workers’ Compensation Policy               
  

Coverage A

     Statutory       10/1/10-11    Commerce and Industry    $ 886       Covers NY
  

Coverage B - Employer Liab.

         720-84-00      
  

Each Accident

   $ 500,000               
  

Policy Limit

   $ 500,000               
  

Each Employee

   $ 500,000               
6. Micko Plumbing and Heating, Inc    Workers’ Compensation Policy               
  

Coverage A

     Statutory       10/1/10-11    Commerce and Industry    $ 895       Covers NY
  

Coverage B - Employer Liab.

         720-89-22      
  

Each Accident

   $ 500,000               
  

Policy Limit

   $ 500,000               
  

Each Employee

   $ 500,000               
7. Richland Partners LLC    General Liability               
  

General Aggregate

   $ 2,000,000       6/4/10-11    Federated Mutual Ins Co    $ 59,730      
  

Products/Comp. Ops. Aggregate

   $ 2,000,000          9269398      
  

Personal Injury

   $ 1,000,000               
  

BI & PD each occurrence

   $ 1,000,000               
  

Damage to Premises rented to you

   $ 100,000               


   Workers’ Compensation Policy               
  

Coverage A

     Statutory       6/4/10-11    Federated Mutual Ins Co    $ 240,037      
  

Coverage B - Employer Liab.

         9269399      
  

Each Accident

   $ 500,000               
  

Policy Limit

   $ 500,000               
  

Each Employee

   $ 500,000               
   Automobile               
         6/4/10-11    Federated Mutual Ins Co    $ 93,041      
   Liability (Combined Single Limit)    $ 1,000,000          9269398      
   Commercial Crime               
  

Theft of Money and Securities

   $ 50,000       6/4/10-11    Federated Mutual Ins Co    $ 1,602      
  

Employee Theft

   $ 20,000               
  

Forgery or Alteration

   $ 20,000               
   Commercial Inland Marine               
  

Business Computer Equipment-Loc 1

   $ 300,000       6/4/10-11    Federated Mutual Ins Co    $ 2,473      
  

Business Computer Equipment-Loc 2-11

   $ 10,000               
   Commercial Property               
  

Building Limit

    
 
Limit by
location
  
  
   6/4/10-11    Federated Mutual Ins Co    $ 41,205      
  

Petroleum Location Limit

    
 
Limit by
location
  
  
           
   Surcharges for above policies             $ 6,762      
   Pollution Legal Liability    $ 5,000,000       3/26/10-13    Chartis Specialty Insurance Company      


Cov B

  

On-Site Clean-up of

         PLS 2292148       9 locations in PA
  

NEW Conditions

               31 Undergournd Storage Tanks

Cov C

  

Third Party Claims for On-site

Bodily Injury & Property Damage

NEW Conditions only

              

Cov E

  

Third Party Claims for Off-Site

Clean-up resulting from

NEW Conditions

              

Cov F

  

Third Party Claims for Off-Site

Bodily injury & Property Damage

NEW Conditions only

              

Cov G

  

Third Party Claims for On-Site

Bodily Injury, Property Damage

& Clean-up - Non Owned Sites

NEW Conditions only

              

Cov H

  

Third Party Claims for Off-Site

Bodily Injury, Property Damage

& Clean-up - Non Owned Sites

NEW Conditions only

               Retention: $100,000

Cov I

  

Pollution Conditions Resulting

from Transported Cargo

NEW Conditions only

              


8. Star Gas Partners, L.P. et al    Umbrella/Excess Policies- Total $125,000,000 Limit                 All policies include terrorism
  

Lead Umbrella Layer

   $

 

 
 
 

5,000,000

 

per
occurrence/
aggregate

  

 

  
 
  

   10/1/10-11   

Lexington

 

(AIG)

   $ 540,000       Primary or lead layer of excess liability over the underlying policies.
            21430599      
                  Excess applies to Petro, Meenan and Leffler operations.
  

1st Excess Layer (1 of 5)

   $ 20,000,000       10/1/10-11    American Guarantee    $ 349,000      
           

(Zurich)

AEC 4275380 06

      Next excess layer
  

2nd Excess Layer (2 of 5)

   $ 25,000,000       10/1/10-11   

Crum and Forster

552-014818-2

   $ 180,780       Next excess layer
  

3rd Excess Layer (3 of 5)

   $ 25,000,000       10/1/10-11   

Great American

EXC 2098366

   $ 60,000       Next excess layer
  

4th Excess Layer (4 of 5)

   $ 25,000,000       10/1/10-11   

Allied World Assurance

0305-9785

   $ 55,000       Next excess layer
  

5th Excess Layer (5 of 5)

   $ 25,000,000       10/1/10-11   

Fireman’s Fund

SHX 00014628663

   $ 51,000       Next excess layer


9. Star Gas Partners, L.P. et al    Directors’ & Officers’ Liability - RUNOFF POLICIES- Total $40,000,000 Limit / $10,000,000 Side A Only       
  

Star Gas Partners, L.P. et al

              
  

Agreement A & B - Aggregate

   $ 10,000,000       3/26/05-4/28/12    National Union Fire    $ 950,000       Runoff lead policy for prior corporate entity
            Insurance Company      
            004907965      
                  Basic Coverage
                  Partnership liability
                  Corporate Retention: $1,000,000
                 

Entity coverage included for securities claims

   Directors’ & Officers’ Excess               

Excess runoff policy for prior corporate entity.

  

Star Gas Partners, L.P. et al

   $ 10,000,000       3/26/05-4/28/12    XL Specialty Ins. Co.    $ 750,000      
            ELU088401-05      
   Directors’ & Officers’ Excess               

Excess runoff policy for prior corporate entity.

  

Star Gas Partners, L.P. et al

   $ 10,000,000       3/26/05-4/28/12    US Specialty Ins. Co.    $ 6,000,000      
            14MGU-05A10111      
   Directors’ & Officers’ Excess               

Excess runoff policy for prior corporate entity.

  

Star Gas Partners, L.P. et al

   $ 10,000,000       3/26/05-4/28/12    Navigators Insurance Co.    $ 400,000      
            NY08DOL13705NV      
   Directors’ & Officers’ Side A               
  

Star Gas Partners, L.P. et al

   $ 10,000,000       4/28/06-12    XL Specialty Ins. Co.    $ 150,000       Side A runoff
            ELU090424-05      


10. Star Gas Partners, L.P. et al    Directors’ & Officers’ Liability- ANNUAL OPERATIONAL POLICIES- Total $50,000,000 Limit       
   Directors’ & Officers’ Liability               
  

Star Gas Partners, L.P. et al

              
  

Agreement A & B- Aggregate

   $ 10,000,000       4/28/11-12    Zurich American    $ 115,000       Lead policy for current corporate entity
            Insurance Company       Basic Coverage
            9385275-03       Partnership liability
                  Corporate Retention: $250,000
                 

Entity coverage included for securities claims

   Directors’ & Officers’ Excess               
  

Star Gas Partners, L.P. et al

   $ 10,000,000       4/28/11-12   

Illinois National

 

Insurance Company

 

01-770-30-62

 

   $ 92,000       Excess policy for current corporate entity
  

Directors’ & Officers’ Excess

 

Star Gas Partners, L.P. et al

   $ 10,000,000       4/28/11-12   

US Specialty Ins. Co.

 

14-MGU-11A23697

   $ 64,400       Excess policy for current corporate entity
  

Directors’ & Officers’ Excess

 

Star Gas Partners, L.P. et al

   $ 10,000,000       4/28/11-12   

Navigators Insurance Co.

 

NY11DOL137058NV

   $ 46,080       Excess policy for current corporate entity
   Directors’ & Officers’ Liability    $ 10,000,000       4/28/11-12    XL Specialty Ins. Co.    $ 53,000       Side A Coverage with DIC features
  

Star Gas Partners, L.P. et al

         ELU121082-11      


11. Star Gas Partners, L.P.    Pollution Legal Liability               
      $ 25,000,000       11/29/01-11    American Int’l Specialty    $ 507,692       Purchased as part of Meenan acquisition
  

Cov A - On-Site Clean-up of Pre-Existing UNKNOWN Conditions

        

(AIG)

 

PLS8087907

    
 
10 Year
Premium
  
  
   At the time of Meenan acquisition, there was a known spill site.
  

Cov B - Third Party Claims for On-site Property Damage - Pre-Existing UNKNOWN Conditions

               On-site Natural Resource Damage due to spill is excluded.
  

Cov C - Third Party Claims for On-sSite Bodily Injury from Pre-Existing UNKNOWN Conditions

              
  

Cov D - Third Party Claims for Off-site Clean-up resulting from Pre-Existing UNKNOWN Conditions

              
  

Cov E - Third Party Claims for Off-Site Property Damage from Pre-Existing UNKNOWN Conditions

               There is limited off-site BI/PD coverage due to the spill.


  

Cov F - Third Party Claims for Off-Site Bodily injury from Pre-Existing UNKNOWN Conditions

              

Off-site Natural Resource Damage due to spill is restricted.

 

Retention: $1Million/ $5 Million / $50,000 maintenance

12. Star Gas Partners, L.P. ET AL    Pollution Legal Liability               
      $ 10,000,000       6/30/010-6/30/13   

Chartis Specialty

Insurance Company

   $ 477,120      
                
 
3 Year
Premium
  
  
   33 locations in RI, CT, MD, NY, NJ, PA, VA
            PLS9527814       17 Undergournd Storage Tanks

Cov B

  

On-site Clean-up of New Conditions

              

Cov D

  

Third Party Claims for Off-Site

Clean-up Resulting from NEW Conditions

              

Cov E

  

Third Party Claims for Off-Site Bodily Injury & Property from NEW Conditions

               Retention: $250,000

Cov F

  

Emergency Response Costs

   $ 250,000 sublimit               

Cov G

  

Third Party Claims for Non-Owned Locations for NEW Conditions

              


13. Petro Holdings, Inc.

   Pollution Legal Liability               
         6/30/10-11   

Chartis Specialty

Insurance Company

   $ 44,959       Provides Pollution Liability For one NJ

Cov B

  

On Site Cleanup of NEW Conditions

   $ 1,000,000               

Facilitiy - Dover

 

Written To Comply With Special State Statute.

Cov D

  

Third Party Claims for

 

Off Site Cleanup of NEW Conditions

         PLS3778258      

Cov F

  

Emergency Response Costs

   $
 
250,000
sublimit
  
  
            Retention: $250,000

14. Petro Holdings, Inc.

   General Liability/Contractors Pollution Liability/Professional                
                  Covered Operations - Those activities performed for a
  

Cov A - General Liabiltiy

   $ 5,000,000       1/20/11-12   

Liberty Surplus

Insurance Corp

   $ 117,294       third party for a fee by or on behalf of the Named Insured
  

Cov B - Personal & Advertising Injury

 

   $ 5,000,000          UVE-DE-102058-111       at a job site. Covered Operations include Completed Operations.
  

Cov C - Medical Payments

   $ 10,000               
  

 

General Aggregate

  

 

$

 

5,000,000

 

  

           

 

Covered Professional Activities: Soil testing and analysis,

  

Prod.Completed Ops Aggreate

   $ 5,000,000               

 

Construction or Project Management at Agency Work.

  

 

Cov D - Contactors Pollution Liability

  

 

$

 

5,000,000

 

  

           

 

GL & CPL are on an “Occurrence” basis

  

 

Cov E - Professional

  

 

$

 

5,000,000

 

  

           

 

Professional is claims made

                  Deductible: $10,000


15. Petro Holdings, Inc.    Terminal Operators Liability               
  

Each Occurrence or Accident

   $ 2,000,000       10/1/10-10/1/11    The Northern Assurance Company of America    $ 25,500       Policy Purpose: Cover the third party bodily injury, third party property damage, resulting from vessel berthing and loading/unloading of cargo at the Poughkeepsie, Peekskill and Tullytown Terminals.
  

Deductible

   $ 100,000          (International Marine Underwriters)      
            N5JH02057       Pollution provided on sudden/accidental basis with 20 day/ 80 day knowledge and reporting limitations
16. Petro Holdings, Inc.    Hull and Protection & Indemnity                Policy Purpose: Primarily intended to protect liability for activity on navigatable waterway inclusive of maritime liability to crew members.
  

Hull - Vessel Value

     Per Schedule       5/16/11-12    The Northern Assurance Company of America      
  

Protection & Indemnity

 

including Crew

   $ 1,000,000         

(International Marine Underwriters)

 

N5JH01791

   $ 13,666      

Star Gas presently have four boats in operation.

 

     

 

$

 

5,000,000

 

  

     

 

N5JH01792

  

 

$

 

8,500

 

  

  
                  Coverage applies to owned workboats used on navigational waterways at Meenan Terminals


  

FIRST PARTY RESPONSIBILITY

       
17. Star Gas Partners, L.P. et al    Property               Protects real and business personal assets including leased buildings you are responsible to insure; also covers tanks/loading racks at owned or leased facilities except while underground
         9/30/10-11    ACE American    $ 187,850     
  

Building & Contents Limit - Per Occ.

   $ 30,000,000          Insurance Company      includes TRIA     
  

Extra Expense

   $ 1,000,000              
  

Service Interruption

   $ 1,000,000               Rate: .2213   Covers per occurrence subject to schedule of declared location values.
  

Boiler & Machinery

     Included above              
  

EDP

   $ 500,000               Engineering     
  

Scheduled Property - Tanks

     Included above             $ 12,982      Deductible: $25,000 - all other peril
  

Earthquake

   $ 10,000,000               Tier I Wind Deductible:
  

Flood, except;

   $ 10,000,000              

3% of TIV or $25,000 Min.

  

Flood Zone A & V

   $ 1,000,000              
  

Building Ordinance

   $ 1,000,000              
  

Newly Acquired

   $ 2,500,000               Quake Deductible: $50,000
  

Unnamed Locations

   $ 1,000,000               Flood Deductible: $50,000
                 Flood Zone A 2% of TIV or 50K Min


18. Star Gas Partners, L.P. et al    Blanket Crime Policy    $ 20,000,000       9/11/10-11    Federal Insurance Co    $ 58,000      
  

(Includes Computer Fraud)

         8208-9872       Covers first party (you) and third party (customers) taking of money and securities.
                  Meets required ERISA standard as respects dishonesty coverage for retirement plans.
                  Deductible: $250,000 (except ERISA compliance)
                  Covers Employee Dishonesty and wrongful taking of money, securities or other property; also covers third party theft of money & securities.
                  (Note: theft of property by third parties included in Property policy)


20. Star Gas Partners, L.P. et al    Fiduciary Liability    $ 10,000,000       9/11/10-11    Federal Insurance Co    $21,000   
            8207-5608      
                  Although outside administrators conduct the actual activity, the company selects the administrator and the options to be made available. Complements ERISA coverage in the Crime policy Deductible: $25,000 Protects against claims by employee or other beneficiaries of breach of fiduciary duty in the administration of retirement plans.

21. Petro Holdings, Inc.

   Ocean Cargo Policy               
  

Any One Vessel

   $ 7,500,000       9/1/2010-11    Travelers    $65,000   

Policy Purpose: Protect the value of oil inventory at owned and non owned locations in addition to

barge transport of product.

            OK09000135      
  

Any One Location

   $ 1,000,000               
  

See Warehouse Schedule for Named locations and limits

           

Coverage continues until product is dispensed for retail delivery. Deductible is .5% of the shipment or $25,000 for stored product.


22. Petro Holdings, Inc.    Flood Insurance               
  

Building

   $ 500,000       3/16/11-12    American Bankers Ins Co of FL    $ 1,521       National Flood Policy Zone A - required by bank
  

Contents

   $ 50,000          AB00087982       25 Abbie Road, York, PA 17404
  

Building

   $ 175,000       12/17/10-11    American Bankers Ins Co of FL    $ 2,044       National Flood Policy Zone A - required by bank
  

Contents

   $ 29,200          AB00076069       Roa Hook Rd, Peekskill, NY 10566
                  (Storage/Garage)
  

Building

   $ 58,500       12/17/10-11    American Bankers Ins Co of FL    $ 1,069       National Flood Policy Zone A - required by bank
  

Contents

   $ 29,200          AB00076981       Roa Hook Rd., Peekskill, NY 10566
                  (Office)
  

Building

   $ 500,000       10/21/10-11    American Bankers Ins Co of FL    $ 10,675       National Flood Policy Zone A - carried by lease and due to actual exposure; have had losses.
  

Contents

   $ 419,400          AB00070480      
                  55 Day Street, Norwalk, CT 06854
  

Building

   $ 500,000       8/10/10-11    Weekes & Callaway Inc    $ 1,448       National Flood Policy Zone A - carried by lease and due to actual exposure; have had losses.
  

Contents

   $ 109,300          2030260059      
                  71 Day Street, Norwalk, CT 06854
  

Building

   $ 500,000       12/28/10-11    American Bankers Ins Co of FL    $ 10,975       National Flood Policy Zone A - required by bank
  

Contents

   $ 448,000          AB00049624       15 Richboynton Rd., Dover, NJ 07801


23. Star Gas Partners, L.P. et al   RESPONSIBILITY TO EMPLOYEES          
  Employment Practices           
    $ 7,500,000      10/1/10-11  

St. Paul Mercury Ins. Co,

 

EC09003584

  $ 42,000      Employment Practices - covers the listed exposures
 

Retention

  $ 100,000            Covers discrimination, wrongful termination, hostile work environment and other peril as detailed in the policy for employee claims of this nature against the company.
24. Petro Holdings, Inc.   Miscellaneous          
 

Various bonds covering the licensing of employees and various financial commitments

  $

 

$

2,358,966

 

114,313

  

 

  

      $

 

$

47,200

 

3,268

  

 

  

 

Financial guarantee bonds

 

License/Permit bonds

25. The Hampton Library at Bridgehamton            
  Owners and Contractors Protective Liability Policy     OCP of Petro Inc
 

General Aggregate

  $
2,000,000
  
  10/1/10-10/1/11  

New Hampshire Ins. Co.

  $ 100     
 

Each Occurrence

  $
1,000,000
  
   

GL 480-74-64

   
26. Star Gas Partners, L.P. et al Shreve Oil   STORAGE TANK LIABILITY INSURANCE POLICY     
 

Per ‘Storage Tank Incident’

  $ 1,000,000      11/10/10-11/10/11   ACE American   $ 1,425     

Covers bodily injury or property damage caused by a ‘storage tank incident’

 

 

Agg All ‘Storage Tank Incidents’

 

 

$

 

1,000,000

 

  

   

 

Insurance Company

   
 

Agg All ‘Legal Defense Expenses’

  $ 1,000,000        A2466045A 003    


Champion Energy & Subs    General Liability   

$2,000,000 General Aggregate

 

$2,000,000 Products/Comp Ops Agg

$1,000,000 Personal/Advertising Injury

$1,000,000 Per Occurrence

$ 50,000 Damage to premises rented to you

$ 5,000 Medical Expense

   2/15/11-12   

Zurich American

Insurance Co. / GLO 2983557 10

   $ 75,386      
   Employee Benefits Liability   

$1,000,000 Each Act, Error or Omission

$1,000,000 Aggregate

*Deductible applies to BI, PD, PA&I, EBL per occurrence, act, error or omission (depending on coverage)

           
   Automobile Liability   

$1,000,000 Per Accident

$ 5,000 Medical Payments

$1,000,000 Uninsured Motorists

   2/15/11-12   

Zurich American

Insurance Co. / BAP 2983556 10

   $ 238,887      


   Workers Compensation    $1,000,000 Each Accident    2/15/11-12    American Zurich Insurance Co. / WC 2983555 10    $ 328,506      
      $1,000,000 Policy Limit            
      $1,000,000 Each Employee            
   Loss Fund          Zurich American Insurance Co. /    $ 48,915      
   Fiduciary Run Off    $1,000,000 Aggregate Limit    05/10/10-07/09/13    Federal Insurance Company / 8170-9365    $ 3,375      
   Employment Practices Liability Run Off    $1,000,000 Aggregate Limit    05/10/10-07/09/13    Federal Insurance Company / 8158-4245    $ 17,700      


Schedule 5.31 Labor Matters

5.31 (a) & (b) - Collective Bargaining Agreements

 

DISTRICT/BRANCH NAME

  

CITY

  

STATE

  

UNION

  

UNION/
LOCAL

  

EXP.
YEAR

  

EXP.
MO/DAY

  

CLASS/Comments

Petro - NNJ    Lakewood    NJ    Teamsters    469    2010    8/31    Negotiations still In progress
Petro - PA    Southampton    PA    Teamsters    107    2011       Garage Mechanics- New Contract in Progress
Buckley    Peace Dale    RI    Teamsters    251    2011       Drivers, Service Technicians and Garage Mechanics - New Contract In Progress
Petro - RI    Multiple Sites    RI    Teamsters    251    2011    3/31    Drivers, Service Techs, Truck Mechanics - In Progress
Petro - CT    Norwalk    CT    Teamsters    191    2011    4/30    Service, Drivers and Mechanics - In progress
Petro - AP Woodson    Washington    DC    Teamsters    922    2011    6/30    Technicians & Drivers - Initial Bargaining Meeting to be scheduled shortly
Petro - AP Woodson    Washington    DC    Teamsters    639    2011    6/30    Garage Mechanics - Initial Bargaining Meeting to be scheduled shortly
Petro- NNJ    Lakewood    NJ    Teamsters    469    2011    8/31    Drivers, Service Techs, Mechanics* *5-6 employees covered under subagreement - expires 2010
Meenan Upper Darby    Upper Darby    PA    Teamsters    107    2011       Drivers and Dispatchers - New Contract In Progress


Meenan Tullytown    Tullytown    PA    Teamsters    830    2011    5/31    Drivers, Mechanics, Tank Installers - In Progress
Meenan - Budd Oil    Hackettstown    NJ    Teamsters    408    2011    8/1    Service Techs and drivers
Petro - CT    New Milford    CT    Teamsters    677    2012    4/30    Drivers, Garage Mechanics
Petro - PA    Southampton    PA    Teamsters    107    2012    6/30    Drivers
Petro - East    Plainview/Yaphank    NY    United Service workers Union    355    2012    7/1    Oil Burner Service Tech, Oil Delivery Drivers, Garage Mechanics (Yaphank) - Wage reopener 2011
Petro - NNJ    Whippany/Kenvil    NJ    Teamsters    469    2012    8/31    Drivers, Service Techs, Truck Mechanics
Petro - NNJ    South Plainfield    NJ    United Service workers Union    355    2012    8/31    Service Techs (SP) - Currently in negotiations
Petro - CT    North Haven    CT    Teamsters    443    2012    9/30    Drivers, Service Techs, Truck Mechanics
Petro - Central    Plainview    NY    United Service workers Union    355    2012    10/31    Garage Mechanics -Wage reopener in 2011
Meenan - Tullytown    Tullytown    PA    Pipefitters    420    2012    7/18    Servicemen, Installation Techs
Region Oil    Morris County NJ    NJ    Teamsters    469    2012    9/17    Drivers, Service Techs, Garage Mechanics
Wallace    Middletown    NY    Teamsters    445    2012    9/20    Drivers, Mechanic
Leffler    Various Cities    PA    Sheet Metal Workers    19    2012    9/30    Service Techs, Installers
C Hoffberger    Baltimore    MD    Teamsters    311    2012    6/5    Drivers
Lewis Oil    Plainview    NY    IAM    434    2012    5/31    Drivers, Mechanics, Technicians
Petro - PA    Reading    PA    Teamsters    429    2013    2/28    Drivers, Servicemen, Mechanics
Atlas/Glenmore    Boston    MA    Teamsters    25    2013    4/30    Drivers and Mechanics
Atlas/Glenmore    Boston    MA    Teamsters    25    2013    4/30    Service Technicians
Petro - CT    New Milford    CT    Pipefitters    777    2013    8/31    Oil Burner Technicians
Petro - PA    Southampton    PA    Pipefitters    420    2013    9/30    Service Techs, Installers


Petro - NYC    Maspeth, Bayside    NY    Teamsters    553    2013    12/15    Drivers, Service Techs, Truck Mechanics
Meenan - Wantagh    Wantagh    NY    IUE-CWA    463    2013    6/30    Inside office Clerical and Sales
Hoffman - Bridgeport    Bridgeport    CT    Plumbers and Steamfitters    777    2013    6/30    Technicians and Apprentices
Hoffman - Danbury    Danbury    CT    Plumbers and Steamfitters    777    2013    4/4    Mechanics, Technicians, Installers and Apprentices
Hoffman - Danbury    Danbury    CT    Plumbers and Steamfitters    777    2013    5/31    Drivers
Petro - West    Hicksville/Patterson    NY    Teamsters    553    2014    1/15    Drivers - Vote 1/15--30 days after New York Master vote.
Petro - Ryan    Ryan Oil    NY    Teamsters    456    2014    1/31    Drivers, Service tech and garage tech
Woods Heating    East Providence    RI    Teamsters    251    2014    3/31    Service Techs
Meenan - Wantagh    Nassau/Suffolk Counties    NY    Teamsters    553    2014    1/15    Drivers - Vote 1/15--30 days after New York Master vote.
Meenan - Wantagh    Wantagh    NY    IUE-CWA    463    2014    2/28    Service Techs
Region Oil    North Franklin    NJ    IBT    560    2014    2/28    Drivers
Love/Effron    Westchester/Putnam    NY    Teamsters    456    2014    11/30    Service Techs, drivers and Mechanics
Burke Fuel    Westchester/Putnam    NY    Teamsters    456    2014    12/31    Drivers, Techs and Terminal Employees

5.31(c) Known Ongoing Organizing Activity

Petro PA/SJ district has 15-18 installers in their South New Jersey locations (Princeton and Pennsauken) who have signed enough cards to require a vote on whether they should be represented by Local 19 of the Sheet Metal Workers Union.

5.31(d) Threatened strikes, work stoppages, material unfair labor practice claims or other material labor disputes

18.2.1. None


Schedule 5.32 Fixed Price Supply Contracts

18.2.2. None


Schedule 6.20 Other Investments

Petroleum Heat and Power Co., Inc. at May 12, 2011, has two Money Market accounts totaling $2,011,215 as follows:

 

J.P. Morgan Asset Management

   Account #5015888    $ 2,011,215   

Banc of America Securities LLC

   Account #249-01053-1-5 MSM    $ 0   


Schedule 6.21 Liens

Amended and Restated Pledge and Security Agreement

Exhibit 10.2

AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT

dated as of June 3, 2011

between

STAR GAS PARTNERS, L.P.,

PETROLEUM HEAT AND POWER CO., INC.,

and certain of their Subsidiaries,

as Grantors,

and

JPMORGAN CHASE BANK, N.A.,

as Collateral Agent


Table of Contents

 

          Page  

ARTICLE I DEFINITIONS

     1   

1.1.

   Terms Defined in Credit Agreement      1   

1.2.

   Terms Defined in UCC      1   

1.3.

   Definitions of Certain Terms Used Herein      1   

ARTICLE II GRANT OF SECURITY INTEREST

     5   

ARTICLE III REPRESENTATIONS AND WARRANTIES

     6   

3.1.

   Title, Perfection and Priority      6   

3.2.

   Type and Jurisdiction of Organization, Organizational and Identification Numbers      7   

3.3.

   Principal Location      7   

3.4.

   Collateral Locations      7   

3.5.

   Deposit Accounts      7   

3.6.

   Exact Names      7   

3.7.

   Letter-of-Credit Rights and Chattel Paper      7   

3.8.

   Accounts and Chattel Paper      7   

3.9.

   Inventory      8   

3.10.

   Intellectual Property      8   

3.11.

   Filing Requirements      9   

3.12.

   No Financing Statements, Security Agreements      9   

3.13.

   Pledged Collateral      9   

ARTICLE IV COVENANTS

     10   

4.1.

   General      10   

4.2.

   Receivables      11   

4.3.

   Inventory and Equipment      12   

4.4.

   Delivery of Instruments, Securities, Chattel Paper and Documents      12   

 

i


4.5.

   Uncertificated Pledged Collateral      13   

4.6.

   Pledged Collateral      13   

4.7.

   Intellectual Property      14   

4.8.

   Commercial Tort Claims      15   

4.9.

   Letter-of-Credit Rights      15   

4.10.

   Federal, State or Municipal Claims      15   

4.11.

   No Interference      15   

ARTICLE V DEFAULTS AND REMEDIES

     16   

5.1.

   Defaults      16   

5.2.

   Remedies      16   

5.3.

   Grantor’s Obligations Upon Default      18   

5.4.

   Grant of Intellectual Property License      19   

ARTICLE VI ACCOUNT VERIFICATION; ATTORNEY IN FACT; PROXY

     19   

6.1.

   Account Verification      19   

6.2.

   Authorization for Secured Party to Take Certain Action      19   

6.3.

   Proxy      20   

6.4.

   Nature of Appointment; Limitation of Duty      20   

ARTICLE VII COLLECTION AND APPLICATION OF COLLATERAL PROCEEDS; DEPOSIT ACCOUNTS

     21   

7.1.

   Collection of Receivables      21   

7.2.

   Covenant Regarding New Deposit Accounts; Blocked Accounts; Lockboxes      22   

7.3.

   Application of Proceeds; Deficiency      22   

ARTICLE VIII GENERAL PROVISIONS

     23   

8.1.

   Waivers      23   

8.2.

   Limitation on Collateral Agent’s and Secured Parties’ Duty with Respect to the Collateral      23   

8.3.

   Compromises and Collection of Collateral      24   

 

ii


8.4.

   Secured Party Performance of Debtor Obligations      24   

8.5.

   Specific Performance of Certain Covenants      24   

8.6.

   Use and Possession of Certain Premises      24   

8.7.

   Dispositions Not Authorized      25   

8.8.

   No Waiver; Amendments; Cumulative Remedies      25   

8.9.

   Limitation by Law; Severability of Provisions      25   

8.10.

   Reinstatement      25   

8.11.

   Benefit of Agreement      26   

8.12.

   Survival of Representations      26   

8.13.

   Taxes and Expenses      26   

8.14.

   Headings      26   

8.15.

   Termination      26   

8.16.

   Entire Agreement      26   

8.17.

   CHOICE OF LAW      27   

8.18.

   CONSENT TO JURISDICTION      27   

8.19.

   WAIVER OF JURY TRIAL      27   

8.20.

   Indemnity      27   

8.21.

   Counterparts      28   

8.22.

   Section Titles      28   

ARTICLE IX NOTICES

     28   

9.1.

   Sending Notices      28   

9.2.

   Change in Address for Notices      28   

ARTICLE X THE AGENT

     28   

EXHIBITS

 

A Notice Address for All Grantors; Information and Collateral Locations of Each Grantor
B Deposit Accounts; Blocked Accounts; Lockboxes

 

iii


C Letter-of-Credit Rights; Chattel Paper
D Intellectual Property Rights
E Title Documents
F Fixtures
G Pledged Collateral, Securities and Other Investment Property
H Offices in which Financing Statements were Filed
I Form of Amendment
J Commercial Tort Claims

 

iv


AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT

THIS AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT (as it may be amended or modified from time to time, the “Security Agreement”) is entered into as of July 2, 2009 by and between Star Gas Partners, L.P., a Delaware limited partnership (the “Parent”), Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “Borrower”), and each other direct or indirect subsidiary of the Parent from time to time party to this Security Agreement (each of the Parent, Petro and each other such Subsidiary of the Parent, a “Grantor”, and collectively, the “Grantors”), and JPMorgan Chase Bank, N.A., a national banking association, in its capacity as collateral agent (the “Collateral Agent”) for the Secured Parties (as defined below) to the Credit Agreement referred to below.

PRELIMINARY STATEMENT

Petro, the other loan parties named therein, JPMorgan Chase Bank, N.A., as agent, and the lenders thereto entered into that certain Amended and Restated Credit Agreement dated as of July 2, 2009 (as amended prior to the date hereof, the “Existing Credit Agreement”).

Pursuant to the Existing Credit Agreement, Petro, the other loan parties thereto and JPMorgan Chase Bank, N.A., for the benefit of the lenders thereto, entered into that certain Pledge and Security Agreement dated as of July 2, 2009 (the “Existing Security Agreement”) in order to induce the secured parties thereto to enter into and extend credit to Petro under the Existing Credit Agreement and to secure the obligations that it agreed to guarantee pursuant to Article XV of the Existing Credit Agreement.

Petro, the other Loan Parties named therein, JPMorgan Chase Bank, N.A., as Agent and an LC Issuer, and the Lenders are entering into an Amended and Restated Credit Agreement dated as of June 3, 2011 (as it may be amended or modified from time to time, the “Credit Agreement”).

Each Grantor is entering into this Security Agreement in order to induce the Secured Parties to enter into and extend credit to Petro under the Credit Agreement and to secure the Secured Obligations that it has agreed to guarantee pursuant to Article XV of the Credit Agreement.

ACCORDINGLY, the Grantors and the Collateral Agent, on behalf of the Secured Parties, agree that the Existing Security Agreement is hereby amended and restated as of the Effective Date to read in its entirety as follows:

ARTICLE I

DEFINITIONS

1.1. Terms Defined in Credit Agreement. All capitalized terms used herein and not otherwise defined herein or in the UCC shall have the meanings assigned to such terms in the Credit Agreement.

1.2. Terms Defined in UCC. Terms defined in the UCC which are not otherwise defined in this Security Agreement are used herein as defined in the UCC.


1.3. Definitions of Certain Terms Used Herein. As used in this Security Agreement, in addition to the terms defined in the preamble and the Preliminary Statement, the following terms shall have the following meanings:

Accounts” shall have the meaning set forth in Article 9 of the UCC.

Article” means a numbered article of this Security Agreement, unless another document is specifically referenced.

Blocked Accounts” shall have the meaning set forth in Section 7.1(a).

Blocked Account Agreements” shall have the meaning set forth in Section 7.1(a).

Chattel Paper” shall have the meaning set forth in Article 9 of the UCC.

Collateral” shall have the meaning set forth in Article II.

Collateral Deposit Account” shall have the meaning set forth in Section 7.1(a).

Collateral Report” means any certificate (including any Borrowing Base Certificate), report or other document delivered by any Grantor to the Collateral Agent or any Lender with respect to the Collateral pursuant to any Loan Document.

Collection Account” shall have the meaning set forth in Section 7.1(b).

Control” shall have the meaning set forth in Article 8 or, if applicable, in Section 9-104, 9-105, 9-106 or 9-107 of Article 9 of the UCC.

Copyrights” means, with respect to any Person, all of such Person’s right, title, and interest in and to the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past, present, and future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world.

Default” means an event described in Section 5.1.

Deposit Accounts” shall have the meaning set forth in Article 9 of the UCC.

Documents” shall have the meaning set forth in Article 9 of the UCC.

Electronic Chattel Paper” shall have the meaning set forth in Article 9 of the UCC.

Equipment” shall have the meaning set forth in Article 9 of the UCC.

Exhibit” refers to a specific exhibit to this Security Agreement, unless another document is specifically referenced.

Fixtures” shall have the meaning set forth in Article 9 of the UCC.

 

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General Intangibles” means all “general intangibles” as such term is defined in Article 9 of the UCC including, without limitation, with respect to any Grantor, all contracts, agreements, instruments and indentures in any form, and portions thereof, to which such Grantor is a party or under which such Grantor has any right, title or interest or to which such Grantor or any property of such Grantor is subject, as the same may from time to time be amended, supplemented or otherwise modified, including, without limitation (but limited as aforesaid), (i) all rights of such Grantor to receive moneys due and to become due to it thereunder or in connection therewith, (ii) all rights of such Grantor to damages arising thereunder, (iii) all equity that constitutes “general intangibles” and (iv) all rights of such Grantor to perform and to exercise all remedies thereunder.

Goods” shall have the meaning set forth in Article 9 of the UCC.

Instruments” shall have the meaning set forth in Article 9 of the UCC.

Inventory” shall have the meaning set forth in Article 9 of the UCC.

Investment Property” shall have the meaning set forth in Article 9 of the UCC.

Lenders” means the lenders party to the Credit Agreement and their successors and assigns.

Letter-of-Credit Rights” shall have the meaning set forth in Article 9 of the UCC.

Licenses” means, with respect to any Person, all of such Person’s right, title, and interest in and to (a) any and all licensing agreements or similar arrangements in and to its Patents, Copyrights, or Trademarks, (b) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future breaches thereof, and (c) all rights to sue for past, present, and future breaches thereof.

Lockboxes” shall have the meaning set forth in Section 7.1(a).

Lock Box Agreements” shall have the meaning set forth in Section 7.1(a).

Original Closing Date” means December 17, 2004.

Patents” means, with respect to any Person, all of such Person’s right, title, and interest in and to: (a) any and all patents and patent applications; (b) all inventions and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights corresponding to any of the foregoing throughout the world.

Payment Intangibles” shall have the meaning set forth in Article 9 of the UCC.

Pledged Collateral” means all Instruments, Securities and other Investment Property of the Grantors included as Collateral, whether or not physically delivered to the Collateral Agent pursuant to this Security Agreement.

 

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Proceeds” shall mean (a) all “proceeds,” as defined in Article 9 of the UCC, with respect to the Collateral (including Stock Rights and insurance proceeds), and (b) whatever is recoverable or recovered when any Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily.

Promissory Notes” shall have the meaning set forth in Article 9 of the UCC.

Receivables” means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

Records” shall have the meaning set forth in Article 9 of the UCC.

Remittance Processor” means Remitco LLC, a Delaware limited liability company.

Remittance Processing Agreement” means the Remittance Processing Services Agreement, between the Remittance Processor and PHI and signed by PHI on August 22, 2003, as amended on June 30, 2008 and in effect as of the Closing Date.

Required Secured Parties” means (a) prior to an acceleration of the obligations under the Credit Agreement, the Required Lenders, and (b) after an acceleration of the obligations under the Credit Agreement but prior to the date upon which the Credit Agreement has terminated by its terms and all of the obligations thereunder have been paid in full, Lenders holding in the aggregate at least a majority of the total of the Aggregate Credit Exposure, and (c) after the Credit Agreement has terminated by its terms and all of the obligations thereunder have been paid in full (whether or not the obligations under the Credit Agreement were ever accelerated), Secured Parties holding in the aggregate at least a majority of the aggregate net early termination payments and all other amounts then due and unpaid from any Grantor to the Secured Parties (i) under Commodity Hedging Agreements and (ii) to the extent permitted under applicable debt agreements, with respect to any (x) Banking Services and (y) Rate Management Transactions (other than Commodity Hedging Agreements), as determined by the Collateral Agent in its reasonable discretion.

Section” means a numbered section of this Security Agreement, unless another document is specifically referenced.

Secured Parties” means, collectively, the Lenders and the Agent, any other holder from time to time of any of the Secured Obligations and, in each case, their respective successors and assigns.

Security” has the meaning set forth in Article 8 of the UCC.

Security Entitlement” has the meaning set forth in Article 8 of the UCC.

Stock Rights” means all dividends, instruments or other distributions and any other right or property which the Grantors shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Capital Stock constituting Collateral, any right to receive Capital Stock and any right to receive earnings, in which the Grantors now have or hereafter acquire any right, issued by an issuer of such Capital Stock.

Supporting Obligations” shall have the meaning set forth in Article 9 of the UCC.

 

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Tangible Chattel Paper” shall have the meaning set forth in Article 9 of the UCC.

Trademarks” means, with respect to any Person, all of such Person’s right, title, and interest in and to the following: (a) all trademarks (including service marks), trade names, trade dress, and trade styles and the registrations and applications for registration thereof and the goodwill of the business symbolized by the foregoing; (b) all licenses of the foregoing, whether as licensee or licensor; (c) all renewals of the foregoing; (d) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and demands for royalties owing; and (f) all rights corresponding to any of the foregoing throughout the world.

UCC” means the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York; provided that to the extent that the Uniform Commercial Code is used to define any term in any security document and such term is defined differently in differing Articles of the Uniform Commercial Code, the definition of such term contained in Article 9 shall govern; provided, further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, publication or priority of, or remedies with respect to, Liens of any Party is governed by the Uniform Commercial Code or foreign personal property security laws as enacted and in effect in a jurisdiction other than the State of New York, the term “Uniform Commercial Code” will mean the Uniform Commercial Code or such foreign personal property security laws as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes of definitions related to such provisions.

Unmatured Default” means an event which but for the lapse of time or the giving of notice, or both, would constitute a Default hereunder.

The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms.

ARTICLE II

GRANT OF SECURITY INTEREST

Each Grantor hereby pledges, assigns and grants to the Collateral Agent, on behalf of and for the benefit of the Secured Parties, a security interest in all of its right, title and interest in, to and under all personal property and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade name or derivations thereof), and whether owned or consigned by or to, or leased from or to, such Grantor, and regardless of where located (all of which will be collectively referred to as the “Collateral”), including:

(i) all Accounts and Receivables;

(ii) all Chattel Paper (including Tangible Chattel Paper and Electronic Chattel Paper);

(iii) all Documents;

(iv) all Equipment;

 

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(v) all Fixtures;

(vi) all General Intangibles;

(vii) all Goods;

(viii) all Instruments (including, without limitation, Promissory Notes);

(ix) all Inventory;

(x) all Investment Property;

(xi) all cash or cash equivalents;

(xii) all letters of credit, Letter-of-Credit Rights and Supporting Obligations;

(xiii) (x) all Deposit Accounts with any bank or other financial institution and all cash, checks, other negotiable instruments, funds and other evidences of payments held therein and (y) all Securities and Security Entitlements, and securities accounts, in each case, to the extent constituting cash or cash equivalents or representing a claim to cash equivalents;

(xiv) all Trademarks;

(xv) all Capital Stock;

(xvi) all Rate Management Transactions (including Commodity Hedging Agreements); and

(xvii) and all accessions to, substitutions for and replacements, Proceeds and products of the foregoing, together with all books and Records, customer lists, credit files, computer files, programs, printouts and other computer materials and records related thereto and any General Intangibles at any time evidencing or relating to any of the foregoing,

to secure the prompt and complete payment and performance of the Secured Obligations.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

Each Grantor represents and warrants to the Collateral Agent and the Secured Parties that:

3.1. Title, Perfection and Priority. Such Grantor has good and valid rights in or the power to transfer the Collateral and title to the Collateral with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens except for Liens permitted under Section 4.1(e), and has full power and authority to grant to the Collateral Agent the security interest in such Collateral pursuant hereto. When financing statements have been filed in the appropriate offices against such Grantor in the locations listed on Exhibit H, the Collateral Agent will have a fully perfected first priority security interest in that Collateral of the Grantor in which a security interest may be perfected by filing, subject only to Liens permitted under Section 4.1(e).

 

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3.2. Type and Jurisdiction of Organization, Organizational and Identification Numbers. The type of entity of such Grantor, its state of organization, the organizational number issued to it by its state of organization and its federal employer identification number are set forth on Exhibit A.

3.3. Principal Location. Such Grantor’s mailing address and the location of its place of business (if it has only one) or its chief executive office (if it has more than one place of business), is disclosed in Exhibit A; such Grantor has no other places of business except those set forth in Exhibit A.

3.4. Collateral Locations. All of such Grantor’s locations where Collateral is located are listed on Exhibit A. All of said locations are owned by such Grantor except for locations (i) which are leased by the Grantor as lessee and designated in Part VII(b) of Exhibit A and (ii) at which Inventory is held in a public warehouse or is otherwise held by a bailee or on consignment as designated in Part VII(c) of Exhibit A.

3.5. Deposit Accounts. All of such Grantor’s Deposit Accounts are listed on Exhibit B.

3.6. Exact Names. Such Grantor’s name in which it has executed this Security Agreement is the exact name as it appears in such Grantor’s organizational documents, as amended, as filed with such Grantor’s jurisdiction of organization.

3.7. Letter-of-Credit Rights and Chattel Paper. Exhibit C lists all Letter-of-Credit Rights and Chattel Paper of such Grantor. All action by such Grantor necessary or desirable to protect and perfect the Collateral Agent’s Lien on each item listed on Exhibit C (including the delivery of all originals and the placement of a legend on all Chattel Paper as required hereunder) has been duly taken. The Collateral Agent will have a fully perfected first priority security interest in the Collateral listed on Exhibit C, subject only to Liens permitted under Section 4.1(e).

3.8. Accounts and Chattel Paper.

(a) The names of the obligors, amounts owing, due dates and other information with respect to its Accounts and Chattel Paper are and will be correctly stated in all records of the Grantor relating thereto and in all invoices and Collateral Reports with respect thereto furnished to the Collateral Agent by such Grantor from time to time. As of the time when each Account or each item of Chattel Paper arises, such Grantor shall be deemed to have represented and warranted that such Account or Chattel Paper, as the case may be, and all records relating thereto, are genuine and in all respects what they purport to be.

 

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(b) With respect to its Accounts, except as specifically disclosed on the most recent Collateral Report, (i) all Accounts are Eligible Accounts; (ii) all Accounts represent bona fide sales of Inventory or rendering of services to Account Debtors in the ordinary course of such Grantor’s business and are not evidenced by a judgment, Instrument or Chattel Paper; (iii) there are no setoffs, claims or disputes existing or asserted with respect thereto and such Grantor has not made any agreement with any Account Debtor for any extension of time for the payment thereof, any compromise or settlement for less than the full amount thereof, any release of any Account Debtor from liability therefor, or any deduction therefrom except a discount or allowance allowed by such Grantor in the ordinary course of its business for prompt payment or as are generally offered in the industry by competitors of such Grantor in the applicable markets and in each case as disclosed to the Collateral Agent; (iv) to such Grantor’s knowledge, there are no facts, events or occurrences which in any way impair the validity or enforceability thereof or could reasonably be expected to reduce the amount payable thereunder as shown on such Grantor’s books and records and any invoices, statements and Collateral Reports with respect thereto; (v) such Grantor has not received any notice of proceedings or actions which are threatened or pending against any Account Debtor which might result in any adverse change in such Account Debtor’s financial condition; and (vi) such Grantor has no knowledge that any Account Debtor is unable generally to pay its debts as they become due.

(c) In addition, with respect to all of its Accounts, (i) the amounts shown on all invoices, statements and Collateral Reports with respect thereto are actually and absolutely owing to such Grantor as indicated thereon and are not in any way contingent; (ii) no payments have been or shall be made thereon except payments immediately delivered to a Blocked Account, Lockbox or a Collateral Deposit Account as required pursuant to Section 7.1; and (iii) to such Grantor’s knowledge, all Account Debtors have the capacity to contract.

3.9. Inventory. With respect to any of its Inventory scheduled or listed on the most recent Collateral Report, (a) such Inventory (other than Inventory in transit) is located at one of such Grantor’s locations set forth on Exhibit A, (b) no Inventory (other than Inventory in transit) is now, or shall at any time or times hereafter be stored at any other location except as permitted by Section 4.1(g), (c) such Grantor has good, indefeasible and merchantable title to such Inventory and such Inventory is not subject to any Lien or security interest or document whatsoever except for the Lien granted to the Collateral Agent, for the benefit of the Collateral Agent and Secured Parties, and except for Permitted Liens, (d) except as specifically disclosed in the most recent Collateral Report, such Inventory is Eligible Heating Oil and Other Fuel Inventory or Other Eligible Inventory, in each case of good and merchantable quality, free from any defects, (e) such Inventory is not subject to any licensing, patent, royalty, trademark, trade name or copyright agreements with any third parties which would require any consent of any third party upon sale or disposition of that Inventory or the payment of any monies to any third party upon such sale or other disposition, and (f) the completion of sale or other disposition of such Inventory by the Collateral Agent following a Default shall not require the consent of any Person and shall not constitute a breach or default under any contract or agreement to which such Grantor is a party or to which such property is subject.

3.10. Intellectual Property. Exhibit D includes all material Patents, Trademarks or Copyrights owned by such Grantor in its own name on the date hereof. To the best of such Grantor’s knowledge, each of its material Patents, Trademarks and Copyrights owned or held by such Grantor is, on the date hereof, valid, subsisting, unexpired, enforceable and has not been abandoned. None of such Patents, Trademarks and Copyrights is, on the date hereof, the subject of any licensing or franchise agreement. No action or proceeding is

 

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pending on the date hereof seeking to limit, cancel or question the validity, or otherwise materially affect the value of any Patent, Trademark or Copyright. This Security Agreement is effective to create a valid and continuing Lien and, upon filing of appropriate financing statements in the offices listed on Exhibit H and this Security Agreement with the United States Copyright Office and the United States Patent and Trademark Office, fully perfected first priority security interests in favor of the Collateral Agent on such Grantor’s Patents, Trademarks and Copyrights, such perfected security interests are enforceable as such as against any and all creditors of and purchasers from the Grantor; and all action necessary or desirable to protect and perfect the Collateral Agent’s Lien on such Grantor’s Patents, Trademarks or Copyrights shall have been duly taken.

3.11. Filing Requirements. None of its Equipment is covered by any certificate of title, except for the vehicles described in Part I of Exhibit E. None of the Collateral owned by it is of a type for which security interests or liens may be perfected by filing under any federal statute except for (a) the vehicles described in Part II of Exhibit E and (b) Patents, Trademarks and Copyrights held by such Grantor and described in Exhibit D. The legal description, county and street address of each property on which any Fixtures are located is set forth in Exhibit F together with the name and address of the record owner of each such property.

3.12. No Financing Statements, Security Agreements. No financing statement or security agreement describing all or any portion of the Collateral which has not lapsed or been terminated naming such Grantor as debtor has been filed or is of record in any jurisdiction except (a) for financing statements or security agreements naming the Collateral Agent on behalf of the Secured Parties as the secured party, and (b) as permitted by Section 4.1(e).

3.13. Pledged Collateral.

(a) Exhibit G sets forth a complete and accurate list of all Pledged Collateral owned by such Grantor. Such Grantor is the direct, sole beneficial owner and sole holder of record of the Pledged Collateral listed on Exhibit G as being owned by it, free and clear of any Liens, except for Liens permitted under Section 4.1(e). Such Grantor further represents and warrants that (i) all Pledged Collateral owned by it constituting Capital Stock has been (to the extent such concepts are relevant with respect to such Pledged Collateral) duly authorized, validly issued, are fully paid and non-assessable, (ii) with respect to any certificates representing any Pledged Collateral constituting Capital Stock, either such certificates are Securities as defined in Article 8 of the UCC as a result of actions by the issuer or otherwise, or, if such certificates are not Securities, such Grantor has so informed the Collateral Agent so that the Collateral Agent may take steps to perfect its security interest therein as a General Intangible, (iii) all such Pledged Collateral held by a securities intermediary is covered by a control agreement among such Grantor, the securities intermediary and the Collateral Agent pursuant to which the Collateral Agent has Control and (iv) all Pledged Collateral which represents Indebtedness owed to such Grantor has been duly authorized, authenticated or issued and delivered by the issuer of such Indebtedness, is the legal, valid and binding obligation of such issuer and such issuer is not in default thereunder.

(b) In addition, (i) none of the Pledged Collateral owned by it has been issued or transferred in violation of the securities registration, securities disclosure or similar laws of any jurisdiction to which such issuance or transfer may be subject, (ii) there are existing no options, warrants, calls or commitments of any character whatsoever relating to such Pledged Collateral or which obligate the issuer of any Capital Stock included in the Pledged Collateral to issue additional Capital Stock, and

 

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(iii) no consent, approval, authorization, or other action by, and no giving of notice, filing with, any governmental authority or any other Person is required for the pledge by such Grantor of such Pledged Collateral pursuant to this Security Agreement or for the execution, delivery and performance of this Security Agreement by such Grantor, or for the exercise by the Collateral Agent of the voting or other rights provided for in this Security Agreement or for the remedies in respect of the Pledged Collateral pursuant to this Security Agreement, except as may be required in connection with such disposition by laws affecting the offering and sale of securities generally.

(c) Except as set forth in Exhibit G, such Grantor or Grantors collectively own 100% of the issued and outstanding Capital Stock which constitutes Pledged Collateral and none of the Pledged Collateral which represents Indebtedness owed to such Grantor is subordinated in right of payment to other Indebtedness or subject to the terms of an indenture.

ARTICLE IV

COVENANTS

From the date of this Security Agreement, and thereafter until this Security Agreement is terminated, each Grantor agrees that:

4.1. General.

(a) Collateral Records. Such Grantor will maintain complete and accurate books and records with respect to the Collateral owned by it, and furnish to the Collateral Agent, with sufficient copies for each of the Secured Parties, such reports relating to such Collateral as the Collateral Agent shall from time to time request.

(b) Authorization to File Financing Statements; Ratification. Such Grantor hereby authorizes the Collateral Agent to file, and if requested will deliver to the Collateral Agent, all financing statements and other documents and take such other actions as may from time to time be requested by the Collateral Agent in order to maintain a first priority perfected security interest in and, if applicable, Control of, the Collateral owned by such Grantor. Any financing statement filed by the Collateral Agent may be filed in any filing office in any UCC jurisdiction and may (i) indicate such Grantor’s Collateral (1) as all assets of the Grantor or words of similar effect, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC or such jurisdiction, or (2) by any other description which reasonably approximates the description contained in this Security Agreement, and (ii) contain any other information required by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including (A) whether such Grantor is an organization, the type of organization and any organization identification number issued to such Grantor, and (B) in the case of a financing statement filed as a fixture filing or indicating such Grantor’s Collateral as as-extracted collateral or timber to be cut, a sufficient description of real Property to which the Collateral relates. Such Grantor also agrees to furnish any such information to the Collateral Agent promptly upon request. Such Grantor also ratifies its authorization for the Collateral Agent to have filed in any UCC jurisdiction any initial financing statements or amendments thereto if filed prior to the date hereof.

(c) Further Assurances. Such Grantor will, if so requested by the Collateral Agent, furnish to the Collateral Agent, as often as the Collateral Agent requests, statements and schedules further identifying and describing the Collateral owned by it (including amended exhibits to this Security

 

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Agreement) and such other reports and information in connection with its Collateral as the Collateral Agent may reasonably request, all in such detail as the Collateral Agent may specify. Such Grantor also agrees to take any and all actions necessary to defend title to the Collateral owned by it against all persons and to defend the security interest of the Collateral Agent in its Collateral and the priority thereof against any Lien not expressly permitted hereunder.

(d) Disposition of Collateral. Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.19 of the Credit Agreement.

(e) Liens. Such Grantor will not create, incur, or suffer to exist any Lien on the Collateral owned by it except (i) the security interest created by this Security Agreement, and (ii) other Permitted Liens.

(f) Other Financing Statements. Such Grantor will not authorize the filing of any financing statement naming it as debtor covering all or any portion of the Collateral owned by it, except as permitted by Section 4.1(e). Such Grantor acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement without the prior written consent of the Collateral Agent, subject to such Grantor’s rights under Section 9-509(d)(2) of the UCC.

(g) Locations. Such Grantor will not (i) maintain any Collateral owned by it at any location other than those locations listed on Exhibit A, (ii) otherwise change, or add to, such locations without the Collateral Agent’s prior written consent as required by the Credit Agreement (and if the Collateral Agent gives such consent, the Grantor will concurrently therewith obtain a Collateral Access Agreement for each such location to the extent required by the Credit Agreement), or (iii) change its principal place of business or chief executive office from the location identified on Exhibit A, other than as permitted by the Credit Agreement.

(h) Compliance with Terms. Such Grantor will perform and comply with all obligations in respect of the Collateral owned by it and all agreements to which it is a party or by which it is bound relating to such Collateral.

4.2. Receivables.

(a) Certain Agreements on Receivables. Such Grantor will not make or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable or accept in satisfaction of a Receivable less than the original amount thereof, except that, prior to the occurrence of a Default, such Grantor may reduce the amount of Accounts arising from the sale of Inventory in accordance with its present policies and in the ordinary course of business.

(b) Collection of Receivables. Except as otherwise provided in this Security Agreement, such Grantor will collect and enforce, at such Grantor’s sole expense, all amounts due or hereafter due to such Grantor under the Receivables owned by it.

(c) Delivery of Invoices. Such Grantor will deliver to the Collateral Agent immediately upon its request duplicate invoices with respect to each Account owned by it bearing such language of assignment as the Collateral Agent shall specify.

 

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(d) Disclosure of Counterclaims on Receivables. If (i) any discount, credit or agreement to make a rebate or to otherwise reduce the amount owing on any Receivable owned by such Grantor exists or (ii) if, to the knowledge of such Grantor, any dispute, setoff, claim, counterclaim or defense exists or has been asserted or threatened with respect to any such Receivable, such Grantor will promptly disclose such fact to the Collateral Agent in writing. Such Grantor shall send the Collateral Agent a copy of each credit memorandum in excess of $1,000 as soon as issued, and such Grantor shall promptly report each credit memo and each of the facts required to be disclosed to the Collateral Agent in accordance with this Section 4.2(d) on the Borrowing Base Certificates submitted by it.

(e) Electronic Chattel Paper. Such Grantor shall take all steps necessary to grant the Collateral Agent Control of all electronic chattel paper in accordance with the UCC and all “transferable records” as defined in each of the Uniform Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act.

4.3. Inventory and Equipment.

(a) Maintenance of Goods. Such Grantor will do all things necessary to maintain, preserve, protect and keep its Inventory and the Equipment in good repair and working and saleable condition, except for damaged or defective goods arising in the ordinary course of such Grantor’s business and except for ordinary wear and tear in respect of the Equipment.

(b) [Reserved]

(c) Inventory Count; Perpetual Inventory System. Such Grantor will conduct a physical count of its Inventory at least once per Fiscal Year, and after and during the continuation of a Default, at such other times as the Collateral Agent requests. Such Grantor, at its own expense, shall deliver to the Collateral Agent the results of each physical verification, which such Grantor has made, or has caused any other Person to make on its behalf, of all or any portion of its Inventory. Such Grantor will maintain a perpetual inventory reporting system at all times.

(d) Equipment. Such Grantor shall inform the Collateral Agent of any additions to or deletions from its Equipment within 30 days of such addition or deletion. Such Grantor shall not permit any Equipment to become a fixture with respect to real property or to become an accession with respect to other personal property with respect to which real or personal property the Collateral Agent does not have a Lien. Such Grantor will not, without the Collateral Agent’s prior written consent, alter or remove any identifying symbol or number on any of such Grantor’s Equipment constituting Collateral.

(e) Titled Vehicles. Such Grantor will give the Collateral Agent notice of its acquisition of any vehicle covered by a certificate of title and deliver to the Collateral Agent, upon request, the original of any vehicle title certificate and provide and/or file all other documents or instruments necessary to have the Lien of the Collateral Agent noted on any such certificate or with the appropriate state office.

4.4. Delivery of Instruments, Securities, Chattel Paper and Documents. Such Grantor will (a) deliver to the Collateral Agent immediately upon execution of this Security Agreement the originals of all Chattel Paper, Securities and Instruments constituting Collateral owned by it (if any then exist), (b) hold in trust for the Collateral Agent upon receipt and immediately thereafter deliver to the Collateral Agent any such Chattel Paper, Securities and Instruments constituting

 

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Collateral, (c) upon the Collateral Agent’s request, deliver to the Collateral Agent (and thereafter hold in trust for the Collateral Agent upon receipt and immediately deliver to the Collateral Agent) any Document evidencing or constituting Collateral and (d) upon the Collateral Agent’s request, deliver to the Collateral Agent a duly executed amendment to this Security Agreement, in the form of Exhibit I hereto (the “Amendment”), pursuant to which such Grantor will pledge such additional Collateral. Such Grantor hereby authorizes the Collateral Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral owned by it set forth in such Amendments shall be considered to be part of the Collateral.

4.5. Uncertificated Pledged Collateral. Such Grantor will permit the Collateral Agent from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Pledged Collateral owned by it not represented by certificates to mark their books and records with the numbers and face amounts of all such uncertificated securities or other types of Pledged Collateral not represented by certificates and all rollovers and replacements therefor to reflect the Lien of the Collateral Agent granted pursuant to this Security Agreement. With respect to any Pledged Collateral owned by it, such Grantor will take any actions necessary to cause (a) the issuers of uncertificated securities which are Pledged Collateral and (b) any securities intermediary which is the holder of any such Pledged Collateral, to cause the Collateral Agent to have and retain Control over such Pledged Collateral. Without limiting the foregoing, such Grantor will, with respect to any such Pledged Collateral held with a securities intermediary, cause such securities intermediary to enter into a control agreement with the Collateral Agent, in form and substance satisfactory to the Collateral Agent, giving the Collateral Agent Control.

4.6. Pledged Collateral.

(a) Changes in Capital Structure of Issuers. Such Grantor will not (i) permit or suffer any issuer of Capital Stock constituting Pledged Collateral owned by it to dissolve, merge, liquidate, retire any of its Capital Stock or other Instruments or Securities evidencing ownership, reduce its capital, sell or encumber all or substantially all of its assets (except for Permitted Liens and sales of assets permitted pursuant to Section 4.1(d)) or merge or consolidate with any other entity, or (ii) vote any such Pledged Collateral in favor of any of the foregoing.

(b) Issuance of Additional Securities. Such Grantor will not permit or suffer the issuer of Capital Stock constituting Pledged Collateral owned by it to issue additional Capital Stock, any right to receive the same or any right to receive earnings, except to such Grantor.

(c) Registration of Pledged Collateral. Such Grantor will permit any registerable Pledged Collateral owned by it to be registered in the name of the Collateral Agent or its nominee at any time at the option of the Required Secured Parties.

(d) Exercise of Rights in Pledged Collateral.

(i) Without in any way limiting the foregoing and subject to clause (ii) below, such Grantor shall have the right to exercise all voting rights or other rights relating to the Pledged Collateral owned by it for all purposes not inconsistent with this Security Agreement, the Credit Agreement or any other Loan Document; provided however, that no vote or other right shall be exercised or action taken which would have the effect of impairing the rights of the Collateral Agent in respect of such Pledged Collateral.

 

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(ii) Such Grantor will permit the Collateral Agent or its nominee at any time after the occurrence of a Default, without notice, to exercise all voting rights or other rights relating to the Pledged Collateral owned by it, including, without limitation, exchange, subscription or any other rights, privileges, or options pertaining to any Capital Stock or Investment Property constituting such Pledged Collateral as if it were the absolute owner thereof.

(iii) Such Grantor shall be entitled to collect and receive for its own use all cash dividends and interest paid in respect of the Pledged Collateral owned by it to the extent not in violation of the Credit Agreement other than any of the following distributions and payments (collectively referred to as the “Excluded Payments”): (A) dividends and interest paid or payable other than in cash in respect of such Pledged Collateral, and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for, such Pledged Collateral; (B) dividends and other distributions paid or payable in cash in respect of such Pledged Collateral in connection with a partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus or paid-in capital of an issuer; and (C) cash paid, payable or otherwise distributed, in respect of principal of, or in redemption of, or in exchange for, such Pledged Collateral; provided, however, that until actually paid, all rights to such distributions shall remain subject to the Lien created by this Security Agreement; and

(iv) All Excluded Payments and all other distributions in respect of any of the Pledged Collateral owned by such Grantor, whenever paid or made, shall be delivered to the Collateral Agent to hold as Pledged Collateral and shall, if received by such Grantor, be received in trust for the benefit of the Collateral Agent, be segregated from the other property or funds of such Grantor, and be forthwith delivered to the Collateral Agent as Pledged Collateral in the same form as so received (with any necessary endorsement).

4.7. Intellectual Property.

(a) Such Grantor will use its best efforts to secure all consents and approvals necessary or appropriate for the assignment to or benefit of the Collateral Agent of any License held by such Grantor and to enforce the security interests granted hereunder.

(b) Such Grantor shall notify the Collateral Agent immediately if it knows or has reason to know that any application or registration relating to any Patent, Trademark or Copyright (now or hereafter existing) may become abandoned, invalidated, dedicated or otherwise impaired, or of any adverse determination or development (including the institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office, the United States Copyright Office or any court) regarding such Grantor’s ownership of any Patent, Trademark or Copyright, its right to register the same, or to keep and maintain the same.

(c) In no event shall such Grantor, either directly or through any agent, employee, licensee or designee, file an application for the registration of any Patent, Trademark or Copyright with the United States Patent and Trademark Office, the United States Copyright Office or any similar office

 

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or agency without giving the Collateral Agent prior written notice thereof, and, upon request of the Collateral Agent, such Grantor shall execute and deliver any and all agreements, instruments, documents, papers and/or security agreements as the Collateral Agent may request to evidence the Collateral Agent’s first priority security interest on such Patent, Trademark or Copyright, and the General Intangibles of such Grantor relating thereto or represented thereby.

(d) Such Grantor shall take all actions necessary or requested by the Collateral Agent to maintain and pursue each application, to obtain the relevant registration and to maintain the registration of each of its Patents, Trademarks and Copyrights (now or hereafter existing), including the filing of applications for renewal, affidavits of use, affidavits of noncontestability and opposition and interference and cancellation proceedings .

(e) Such Grantor shall, unless it shall reasonably determine that such Patent, Trademark or Copyright is in no way material to the conduct of its business or operations, promptly sue for infringement, misappropriation or dilution and to recover any and all damages for such infringement, misappropriation or dilution, and shall take such other actions as the Collateral Agent shall deem appropriate under the circumstances to protect such Patent, Trademark or Copyright. In the event that such Grantor institutes suit because any of its Patents, Trademarks or Copyrights constituting Collateral is infringed upon, or misappropriated or diluted by a third party, such Grantor shall comply with Section 4.8. Such Grantor shall not do any act that knowingly uses a Patent, Trademark or Copyright that infringes the intellectual property rights of any third party.

4.8. Commercial Tort Claims. Such Grantor shall promptly, and in any event within two Business Days after the same is acquired by it, notify the Collateral Agent of any commercial tort claim (as defined in the UCC) in excess of $50,000 acquired by it and, unless the Collateral Agent otherwise consents, such Grantor shall enter into an amendment to this Security Agreement, in the form of Exhibit J hereto, granting to Collateral Agent a first priority security interest in such commercial tort claim.

4.9. Letter-of-Credit Rights. If such Grantor is or becomes the beneficiary of a letter of credit in excess of $50,000, it shall promptly, and in any event within two Business Days after becoming a beneficiary, notify the Collateral Agent thereof and cause the issuer and/or confirmation bank to (i) consent to the assignment of any Letter-of-Credit Rights to the Collateral Agent and (ii) agree to direct all payments thereunder to a Deposit Account at the Collateral Agent or subject to a Deposit Account Control Agreement for application to the Secured Obligations, in accordance with Section 2.18 of the Credit Agreement, all in form and substance reasonably satisfactory to the Collateral Agent.

4.10. Federal, State or Municipal Claims. Such Grantor will promptly notify the Collateral Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

4.11. No Interference. Such Grantor agrees that it will not interfere with any right, power and remedy of the Collateral Agent provided for in this Security Agreement or now or hereafter existing at law or in equity or by statute or otherwise, or the exercise or beginning of the exercise by the Collateral Agent of any one or more of such rights, powers or remedies.

 

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ARTICLE V

DEFAULTS AND REMEDIES

5.1. Defaults. The occurrence of any one or more of the following events shall constitute a Default hereunder:

(a) Any representation or warranty made by or on behalf of any Grantor under or in connection with this Security Agreement shall be materially false as of the date on which made.

(b) The breach by any Grantor of any of the terms or provisions of Article IV or Article VII.

(c) The breach by any Grantor (other than a breach which constitutes a Default under any other Section of this Article V) of any of the terms or provisions of this Security Agreement which is not remedied within ten days after such breach.

(d) The occurrence of any “Default” under, and as defined in, the Credit Agreement.

(e) Any Capital Stock which is included within the Collateral shall at any time constitute a Security or the issuer of any such Capital Stock shall take any action to have such interests treated as a Security unless (i) all certificates or other documents constituting such Security have been delivered to the Collateral Agent and such Security is properly defined as such under Article 8 of the UCC of the applicable jurisdiction, whether as a result of actions by the issuer thereof or otherwise, or (ii) the Collateral Agent has entered into a control agreement with the issuer of such Security or with a securities intermediary relating to such Security and such Security is defined as such under Article 8 of the UCC of the applicable jurisdiction, whether as a result of actions by the issuer thereof or otherwise.

5.2. Remedies.

(a) Upon the occurrence of a Default and during the continuation thereof, the Collateral Agent may exercise any or all of the following rights and remedies:

(i) those rights and remedies provided in this Security Agreement, the Credit Agreement, or any other Loan Document; provided that, this Section 5.2(a) shall not be understood to limit any rights or remedies available to the Collateral Agent and the Secured Parties prior to a Default;

(ii) those rights and remedies available to a secured party under the UCC (whether or not the UCC applies to the affected Collateral) or under any other applicable law (including, without limitation, any law governing the exercise of a bank’s right of setoff or bankers’ lien) when a debtor is in default under a security agreement;

 

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(iii) give notice of sole control or any other instruction under any Deposit Account Control Agreement and other control agreement with any securities intermediary and take any action therein with respect to such Collateral;

(iv) without notice (except as specifically provided in Section 8.1 or elsewhere herein), demand or advertisement of any kind to any Grantor or any other Person, enter the premises of any Grantor where any Collateral is located (through self-help and without judicial process) to collect, receive, assemble, process, appropriate, sell, lease, assign, grant an option or options to purchase or otherwise dispose of, deliver, or realize upon, the Collateral or any part thereof in one or more parcels at public or private sale or sales (which sales may be adjourned or continued from time to time with or without notice and may take place at any Grantor’s premises or elsewhere), for cash, on credit or for future delivery without assumption of any credit risk, and upon such other terms as the Collateral Agent may deem commercially reasonable; and

(v) concurrently with written notice to the applicable Grantor, transfer and register in its name or in the name of its nominee the whole or any part of the Pledged Collateral, to exchange certificates or instruments representing or evidencing Pledged Collateral for certificates or instruments of smaller or larger denominations, to exercise the voting and all other rights as a holder with respect thereto, to collect and receive all cash dividends, interest, principal and other distributions made thereon and to otherwise act with respect to the Pledged Collateral as though the Collateral Agent was the outright owner thereof.

(b) The Collateral Agent, on behalf of the Secured Parties, may comply with any applicable state or federal law requirements in connection with a disposition of the Collateral and compliance will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral.

(c) The Collateral Agent shall have the right upon any such public sale or sales and, to the extent permitted by law, upon any such private sale or sales, to purchase for the benefit of the Collateral Agent and the Secured Parties, the whole or any part of the Collateral so sold, free of any right of equity redemption, which equity redemption each Grantor hereby expressly releases.

(d) Until the Collateral Agent is able to effect a sale, lease, or other disposition of Collateral, the Collateral Agent shall have the right to hold or use Collateral, or any part thereof, to the extent that it deems appropriate for the purpose of preserving Collateral or its value or for any other purpose deemed appropriate by the Collateral Agent. The Collateral Agent may, if it so elects, seek the appointment of a receiver or keeper to take possession of Collateral and to enforce any of the Collateral Agent’s remedies (for the benefit of the Collateral Agent and the Secured Parties), with respect to such appointment without prior notice or hearing as to such appointment.

(e) If, after the Credit Agreement has terminated by its terms and all of the Obligations have been paid in full, there remain obligations of any Grantor in respect of any Rate Management Transaction (including Commodity Hedging Agreements) or Banking Services, the Required Secured Parties may exercise the remedies provided in this Section 5.2 upon the occurrence of any event which would allow or require the termination or acceleration of such obligations in respect of such Rate Management Transactions (including Commodity Hedging Agreements) or Banking Services.

 

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(f) Notwithstanding the foregoing, neither the Collateral Agent nor the Secured Parties shall be required to (i) make any demand upon, or pursue or exhaust any of their rights or remedies against, any Grantor, any other obligor, guarantor, pledgor or any other Person with respect to the payment of the Secured Obligations or to pursue or exhaust any of their rights or remedies with respect to any Collateral therefor or any direct or indirect guarantee thereof, (ii) marshal the Collateral or any guarantee of the Secured Obligations or to resort to the Collateral or any such guarantee in any particular order, or (iii) effect a public sale of any Collateral.

(g) Each Grantor recognizes that the Collateral Agent may be unable to effect a public sale of any or all the Pledged Collateral and may be compelled to resort to one or more private sales thereof in accordance with clause (a) above. Each Grantor also acknowledges that any private sale may result in prices and other terms less favorable to the seller than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner solely by virtue of such sale being private. The Collateral Agent shall be under no obligation to delay a sale of any of the Pledged Collateral for the period of time necessary to permit any Grantor or the issuer of the Pledged Collateral to register such securities for public sale under the Securities Act of 1933, as amended, or under applicable state securities laws, even if the applicable Grantor and the issuer would agree to do so.

5.3. Grantor’s Obligations Upon Default. Upon the request of the Collateral Agent after the occurrence of a Default, each Grantor will:

(a) assemble and make available to the Collateral Agent the Collateral and all books and records relating thereto at any place or places specified by the Collateral Agent, whether at a Grantor’s premises or elsewhere;

(b) permit the Collateral Agent, by the Collateral Agent’s representatives and agents, to enter any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral or the books and records relating thereto, or both, to remove all or any part of the Collateral or the books and records relating thereto, or both, and to conduct sales of the Collateral;

(c) prepare and file, or cause an issuer of Pledged Collateral to prepare and file, with the Securities and Exchange Commission or any other applicable government agency, registration statements, a prospectus and such other documentation in connection with the Pledged Collateral as the Collateral Agent may request, all in form and substance satisfactory to the Collateral Agent, and furnish to the Collateral Agent, or cause an issuer of Pledged Collateral to furnish to the Collateral Agent, any information regarding the Pledged Collateral in such detail as the Collateral Agent may specify;

(d) take, or cause an issuer of Pledged Collateral to take, any and all actions necessary to register or qualify the Pledged Collateral to enable the Collateral Agent to consummate a public sale or other disposition of the Pledged Collateral; and

(e) at its own expense, cause the independent certified public accountants then engaged by each Grantor to prepare and deliver to the Collateral Agent and each Lender, at any time, and from time to time, promptly upon the Collateral Agent’s request, the following reports with respect to the applicable Grantor: (i) a reconciliation of all Accounts; (ii) an aging of all Accounts; (iii) trial balances; and (iv) a test verification of such Accounts.

 

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5.4. Grant of Intellectual Property License. For the purpose of enabling the Collateral Agent to exercise the rights and remedies under this Article V at such time as the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby (a) grants to the Collateral Agent, for the benefit of the Collateral Agent and the Secured Parties, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation to any Grantor) to use, license or sublicense any Intellectual Property Rights now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof and (b) irrevocably agrees that the Collateral Agent may sell any of such Grantor’s Inventory directly to any person, including without limitation persons who have previously purchased the Grantor’s Inventory from such Grantor and in connection with any such sale or other enforcement of the Collateral Agent’s rights under this Security Agreement, may sell Inventory which bears any Trademark owned by or licensed to such Grantor and any Inventory that is covered by any Copyright owned by or licensed to such Grantor and the Agent may finish any work in process and affix any Trademark owned by or licensed to such Grantor and sell such Inventory as provided herein.

ARTICLE VI

ACCOUNT VERIFICATION; ATTORNEY IN FACT; PROXY

6.1. Account Verification. The Collateral Agent may at any time, in the Collateral Agent’s own name, in the name of a nominee of the Collateral Agent, or in the name of any Grantor communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of any such Grantor, parties to contracts with any such Grantor and obligors in respect of Instruments of any such Grantor to verify with such Persons, to the Collateral Agent’s satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Chattel Paper, payment intangibles and/or other Receivables.

6.2. Authorization for Secured Party to Take Certain Action.

(a) Each Grantor irrevocably authorizes the Collateral Agent at any time and from time to time in the sole discretion of the Collateral Agent and appoints the Collateral Agent as its attorney in fact (i) to execute on behalf of such Grantor as debtor and to file financing statements necessary or desirable in the Collateral Agent’s sole discretion to perfect and to maintain the perfection and priority of the Collateral Agent’s security interest in the Collateral, (ii) to endorse and collect any cash Proceeds of the Collateral, (iii) to file a carbon, photographic or other reproduction of this Security Agreement or any financing statement with respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement (which does not add new collateral or add a debtor) in such offices as the Collateral Agent in its sole discretion deems necessary or desirable to perfect and to maintain the perfection and priority of the Collateral Agent’s security interest in the Collateral, (iv) to contact and enter into one or more agreements with the issuers of uncertificated securities which are Pledged Collateral or with securities intermediaries holding Pledged Collateral as may be necessary or advisable to give the Collateral Agent Control over such Pledged Collateral, (v) to apply the Proceeds of any Collateral received by the Collateral Agent to the Secured Obligations as provided in Section 7.3, (vi) to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are specifically permitted hereunder), (vii) to contact Account Debtors for any reason, (viii) to demand payment or enforce payment of the Receivables in the name of the Collateral Agent or such Grantor and to endorse any and all checks, drafts, and other instruments for the payment of money relating to the

 

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Receivables, (ix) to sign such Grantor’s name on any invoice or bill of lading relating to the Receivables, drafts against any Account Debtor of such Grantor, assignments and verifications of Receivables, (x) to exercise all of such Grantor’s rights and remedies with respect to the collection of the Receivables and any other Collateral, (xi) to settle, adjust, compromise, extend or renew the Receivables, (xii) to settle, adjust or compromise any legal proceedings brought to collect Receivables, (xiii) to prepare, file and sign such Grantor’s name on a proof of claim in bankruptcy or similar document against any Account Debtor of such Grantor, (xiv) to prepare, file and sign such Grantor’s name on any notice of Lien, assignment or satisfaction of Lien or similar document in connection with the Receivables, (xv) to change the address for delivery of mail addressed to such Grantor to such address as the Collateral Agent may designate and to receive, open and dispose of all mail addressed to such Grantor, and (xvi) to do all other acts and things necessary to carry out this Security Agreement; and such Grantor agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent in connection with any of the foregoing; provided that, this authorization shall not relieve such Grantor of any of its obligations under this Security Agreement or under the Credit Agreement.

(b) All acts of said attorney or designee are hereby ratified and approved. The powers conferred on the Collateral Agent, for the benefit of the Collateral Agent and Secured Parties, under this Section 6.2 are solely to protect the Collateral Agent’s interests in the Collateral and shall not impose any duty upon the Collateral Agent or any Lender to exercise any such powers.

6.3. Proxy. EACH GRANTOR HEREBY IRREVOCABLY CONSTITUTES AND APPOINTS THE COLLATERAL AGENT AS ITS PROXY AND ATTORNEY-IN-FACT (AS SET FORTH IN SECTION 6.2 ABOVE) WITH RESPECT TO ITS PLEDGED COLLATERAL, INCLUDING THE RIGHT TO VOTE SUCH PLEDGED COLLATERAL, WITH FULL POWER OF SUBSTITUTION TO DO SO. IN ADDITION TO THE RIGHT TO VOTE ANY SUCH PLEDGED COLLATERAL, THE APPOINTMENT OF THE COLLATERAL AGENT AS PROXY AND ATTORNEY-IN-FACT SHALL INCLUDE THE RIGHT TO EXERCISE ALL OTHER RIGHTS, POWERS, PRIVILEGES AND REMEDIES TO WHICH A HOLDER OF SUCH PLEDGED COLLATERAL WOULD BE ENTITLED (INCLUDING GIVING OR WITHHOLDING WRITTEN CONSENTS OF SHAREHOLDERS, CALLING SPECIAL MEETINGS OF SHAREHOLDERS AND VOTING AT SUCH MEETINGS). SUCH PROXY SHALL BE EFFECTIVE, AUTOMATICALLY AND WITHOUT THE NECESSITY OF ANY ACTION (INCLUDING ANY TRANSFER OF ANY SUCH PLEDGED COLLATERAL ON THE RECORD BOOKS OF THE ISSUER THEREOF) BY ANY PERSON (INCLUDING THE ISSUER OF SUCH PLEDGED COLLATERAL OR ANY OFFICER OR THE AGENT THEREOF), UPON THE OCCURRENCE OF A DEFAULT.

6.4. Nature of Appointment; Limitation of Duty. THE APPOINTMENT OF THE COLLATERAL AGENT AS PROXY AND ATTORNEY-IN-FACT IN THIS ARTICLE VI IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE UNTIL THE DATE ON WHICH THIS SECURITY AGREEMENT IS TERMINATED IN ACCORDANCE WITH SECTION 8.15. NOTWITHSTANDING ANYTHING CONTAINED HEREIN, NEITHER THE COLLATERAL AGENT, NOR ANY LENDER, NOR ANY OF THEIR RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR REPRESENTATIVES SHALL HAVE ANY DUTY TO EXERCISE ANY RIGHT OR POWER GRANTED HEREUNDER OR OTHERWISE OR TO PRESERVE THE SAME AND SHALL NOT BE LIABLE FOR ANY FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO, EXCEPT IN RESPECT OF DAMAGES ATTRIBUTABLE SOLELY TO THEIR OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT AS FINALLY DETERMINED BY A COURT OF COMPETENT JURISDICTION; PROVIDED THAT, IN NO EVENT SHALL THEY BE LIABLE FOR ANY PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES.

 

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ARTICLE VII

COLLECTION AND APPLICATION OF COLLATERAL PROCEEDS; DEPOSIT ACCOUNTS

7.1. Collection of Receivables.

(a) Each Grantor has (i) executed and delivered to the Collateral Agent Deposit Account Control Agreements for each Deposit Account maintained by such Grantor into which all cash, checks or other similar payments relating to or constituting payments made in respect of Receivables will be deposited (a “Collateral Deposit Account”), which Collateral Deposit Accounts are identified as such on Exhibit B, (ii) established blocked account service (the “Blocked Accounts”) with the bank(s) set forth in Exhibit B, which blocked accounts are subject to irrevocable blocked account agreements in the form provided by or otherwise acceptable to the Collateral Agent and have been accompanied by an acknowledgment by the bank where the Blocked Account is located of the Lien of the Collateral Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to the Collection Account (a “Blocked Account Agreement”) and (iii) established lockbox service (the “Lock Boxes”) with the bank(s) and Persons set forth in Exhibit B, which lockboxes are subject to irrevocable lockbox agreements in the form provided by or otherwise acceptable to the Collateral Agent and have been accompanied by an acknowledgment by such Person where the Lockbox is located of the Lien of the Collateral Agent granted hereunder and of irrevocable instructions to wire all amounts collected therein to the Collection Account (a “Lockbox Agreement”). Each of the agreements referred to in this Section 7.1 (a) remains in effect as of the Closing Date and any references therein to the Existing Credit Agreement or Existing Security Agreement, as applicable, include such agreements as amended. After the Closing Date, each Grantor will comply with the terms of Section 7.2.

(b) Each Grantor shall direct all of its Account Debtors to forward all cash, checks or other similar payments relating to or constituting payments made in respect of Receivables directly to Blocked Accounts subject to Blocked Account Agreements or Lockboxes subject to Lockbox Agreements; provided that, with respect to PHI and any Subsidiary thereof, all of such payments shall, unless otherwise consented to by the Collateral Agent, continue to be paid through the Remittance Processor pursuant to the Remittance Processing Agreement. Neither PHI nor any Subsidiary thereof shall amend or terminate the Remittance Processing Agreement or instruct any of its Account Debtors to make payments to any Person other than as set forth in the preceding sentence, without the prior written consent of the Collateral Agent. The Collateral Agent shall have sole access to the Blocked Accounts and the Lockboxes at all times and each Grantor shall take all actions necessary to grant the Collateral Agent such sole access. At no time shall any Grantor remove any item from a Blocked Account, Lockbox or from a Collateral Deposit Account without the Collateral Agent’s prior written consent. If any Grantor should refuse or neglect to notify any Account Debtor to forward payments directly to a Blocked Account subject to a Blocked Account Agreement or a Lockbox subject to a Lockbox Agreement after notice from the Collateral Agent, the Collateral Agent shall be entitled to make such notification directly to Account Debtor. If notwithstanding the foregoing instructions, any Grantor receives any Proceeds of any Receivables, such Grantor shall receive such payments as the Collateral Agent’s trustee, and shall immediately deposit all cash, checks or other similar payments related to or constituting payments made in respect of Receivables received by it to a Collateral Deposit Account. All funds deposited into any Blocked Account subject to a Blocked Account Agreement, a Lockbox subject to a Lockbox Agreement or a Collateral Deposit Account will be swept on a daily basis into a collection account maintained by Petro with the Collateral Agent (the “Collection Account”). The Collateral Agent shall hold and apply funds received into the Collection Account as provided by the terms of Section 7.3.

 

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7.2. Covenant Regarding New Deposit Accounts; Blocked Accounts; Lockboxes. Before opening or replacing any Collateral Deposit Account, other Deposit Account, or establishing a new Blocked Account or Lockbox, each Grantor shall (a) obtain the Collateral Agent’s consent in writing to the opening of such Deposit Account, Blocked Account or Lockbox, and (b) cause each bank, financial institution or any Person in which it seeks to open (i) a Deposit Account, to enter into a Deposit Account Control Agreement with the Collateral Agent in order to give the Collateral Agent Control of such Deposit Account, (ii) a Blocked Account, to enter into a Blocked Account Agreement with the Collateral Agent in order to give the Collateral Agent Control of the Blocked Account or (iii) a Lockbox, to enter into a Lockbox Agreement with the Collateral Agent in order to give the Collateral Agent Control of the Lockbox. In the case of Deposit Accounts, Blocked Accounts or Lockboxes maintained with Secured Parties, the terms of such letter shall be subject to the provisions of the Credit Agreement regarding setoffs.

7.3. Application of Proceeds; Deficiency.

(a) All amounts deposited in the Collection Account shall, so long as no Default has occurred and is continuing, be deposited into the Borrower’s Funding Account; provided that if Availability is less than 17.5% of the Aggregate Commitment for any three consecutive days, and until the later of the date which is 90 days after such three-day period or the date on which the average monthly Availability for the 12-month period ending on such date is greater than 22.5% of the Aggregate Commitment (the “Deficiency Termination Date”), all amounts deposited in the Collection Account shall be deemed received by the Collateral Agent in accordance with Section 2.17 of the Credit Agreement and shall, after having been credited in immediately available funds to the Collection Account, be applied (and allocated) by the Collateral Agent in accordance with Section 2.18 of the Credit Agreement. In no event shall any amount be so applied unless and until such amount shall have been credited in immediately available funds to the Collection Account. Commencing on the Deficiency Termination Date, so long as no Default has occurred and is continuing and subject to the proviso above of this Section 7.3(a), all amounts deposited in the Collection Account shall again be deposited into the Borrower’s Funding Account. Notwithstanding the foregoing, the effect of the proviso above of this Section 7.3(a) may not be discontinued more than twice in any 12-month period as a result of the occurrence of a Deficiency Termination Date.

(b) The Collateral Agent shall require all other cash proceeds of the Collateral, which are not required to be applied to the Obligations pursuant to Section 2.15 of the Credit Agreement, to be deposited in a cash collateral account with the Collateral Agent and held there as security for the Secured Obligations (it being understood that amounts deposited and remaining in such account shall be included in the Borrowing Base). No Grantor shall have any control whatsoever over said cash collateral account. Any such Proceeds of the Collateral shall be applied in the order set forth in Section 2.18 of the Credit Agreement unless a court of competent jurisdiction shall otherwise direct. Until so applied, such Proceeds shall continue to be held as security for the Secured Obligations and shall not constitute payment thereof.

(c) Notwithstanding anything herein to the contrary, upon the occurrence of a Default, the Collateral Agent may apply all or any part of Proceeds constituting Collateral, whether or not held in a collateral account, in payment of the Secured Obligations in accordance with Section 2.18 of the Credit Agreement. The Grantors shall remain liable for any deficiency if the Proceeds of any sale or disposition of the Collateral are insufficient to pay all Secured Obligations, including any attorneys’ fees and other expenses incurred by Collateral Agent or any Lender to collect such deficiency.

 

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ARTICLE VIII

GENERAL PROVISIONS

8.1. Waivers. Each Grantor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under applicable law, any notice made shall be deemed reasonable if sent to the Grantors, addressed as set forth in Article IX, at least ten days prior to (i) the date of any such public sale or (ii) the time after which any such private sale or other disposition may be made. To the maximum extent permitted by applicable law, each Grantor waives all claims, damages, and demands against the Collateral Agent or any Lender arising out of the repossession, retention or sale of the Collateral, except such as arise solely out of the gross negligence or willful misconduct of the Collateral Agent or such Lender as finally determined by a court of competent jurisdiction. To the extent it may lawfully do so, each Grantor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against the Collateral Agent or any Lender, any valuation, stay, appraisal, extension, moratorium, redemption or similar laws and any and all rights or defenses it may have as a surety now or hereafter existing which, but for this provision, might be applicable to the sale of any Collateral made under the judgment, order or decree of any court, or privately under the power of sale conferred by this Security Agreement, or otherwise. Except as otherwise specifically provided herein, each Grantor hereby waives presentment, demand, protest or any notice (to the maximum extent permitted by applicable law) of any kind in connection with this Security Agreement or any Collateral.

8.2. Limitation on Collateral Agent’s and Secured Parties’ Duty with Respect to the Collateral. The Collateral Agent shall have no obligation to clean-up or otherwise prepare the Collateral for sale. The Collateral Agent and each Lender shall use reasonable care with respect to the Collateral in its possession or under its control. Neither the Collateral Agent nor any Lender shall have any other duty as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or such Lender, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto. To the extent that applicable law imposes duties on the Collateral Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it is commercially reasonable for the Collateral Agent (i) to fail to incur expenses deemed significant by the Collateral Agent to prepare Collateral for disposition or otherwise to transform raw material or work in process into finished goods or other finished products for disposition, (ii) to fail to obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental or third party consents for the collection or disposition of Collateral to be collected or disposed of, (iii) to fail to exercise collection remedies against Account Debtors or other Persons obligated on Collateral or to remove Liens on or any adverse claims against Collateral, (iv) to exercise collection remedies against Account Debtors and other Persons obligated on Collateral directly or through the use of collection agencies and other collection specialists, (v) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature, (vi) to contact other Persons, whether or not in the same business as such Grantor, for expressions of interest in acquiring all or any portion of such Collateral, (vii) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a specialized nature, (viii) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity of

 

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doing so, or that match buyers and sellers of assets, (ix) to dispose of assets in wholesale rather than retail markets, (x) to disclaim disposition warranties, such as title, possession or quiet enjoyment, (xi) to purchase insurance or credit enhancements to insure the Collateral Agent against risks of loss, collection or disposition of Collateral or to provide to the Collateral Agent a guaranteed return from the collection or disposition of Collateral, or (xii) to the extent deemed appropriate by the Collateral Agent, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist the Collateral Agent in the collection or disposition of any of the Collateral. Each Grantor acknowledges that the purpose of this Section 8.2 is to provide non-exhaustive indications of what actions or omissions by the Collateral Agent would be commercially reasonable in the Collateral Agent’s exercise of remedies against the Collateral and that other actions or omissions by the Collateral Agent shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 8.2. Without limitation upon the foregoing, nothing contained in this Section 8.2 shall be construed to grant any rights to any Grantor or to impose any duties on the Collateral Agent that would not have been granted or imposed by this Security Agreement or by applicable law in the absence of this Section 8.2.

8.3. Compromises and Collection of Collateral. The Grantors and the Collateral Agent recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Receivables, that certain of the Receivables may be or become uncollectible in whole or in part and that the expense and probability of success in litigating a disputed Receivable may exceed the amount that reasonably may be expected to be recovered with respect to a Receivable. In view of the foregoing, each Grantor agrees that the Collateral Agent may at any time and from time to time, if a Default has occurred and is continuing, compromise with the obligor on any Receivable, accept in full payment of any Receivable such amount as the Collateral Agent in its Permitted Discretion shall determine or abandon any Receivable, and any such action by the Collateral Agent shall be commercially reasonable so long as the Collateral Agent acts in good faith based on information known to it at the time it takes any such action.

8.4. Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the Collateral Agent may perform or pay any obligation which any Grantor has agreed to perform or pay in this Security Agreement and the Grantors shall reimburse the Collateral Agent for any amounts paid by the Collateral Agent pursuant to this Section 8.4. The Grantors’ obligation to reimburse the Collateral Agent pursuant to the preceding sentence shall be a Secured Obligation payable on demand.

8.5. Specific Performance of Certain Covenants. Each Grantor acknowledges and agrees that a breach of any of the covenants contained in Sections 4.1(d), 4.1(e), 4.4, 4.5, 4.6, 4.7, 4.8, 4.9, 4.10, 4.12, 5.3, or 8.7 or in Article VII will cause irreparable injury to the Collateral Agent and the Secured Parties, that the Collateral Agent and Secured Parties have no adequate remedy at law in respect of such breaches and therefore agrees, without limiting the right of the Collateral Agent or the Lenders to seek and obtain specific performance of other obligations of the Grantors contained in this Security Agreement, that the covenants of the Grantors contained in the Sections referred to in this Section 8.5 shall be specifically enforceable against the Grantors.

8.6. Use and Possession of Certain Premises. Upon the occurrence of a Default, the Collateral Agent shall be entitled to occupy and use any premises owned or leased by any Grantor where any of the Collateral or any records relating to the Collateral are located until the Secured Obligations are paid or the Collateral is removed therefrom, whichever first occurs, without any obligation to pay any Grantor for such use and occupancy.

 

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8.7. Dispositions Not Authorized. No Grantor is authorized to sell or otherwise dispose of the Collateral except as set forth in Section 4.1(d) and notwithstanding any course of dealing between any Grantor and the Collateral Agent or other conduct of the Collateral Agent, no authorization to sell or otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Collateral Agent or the Secured Parties unless such authorization is in writing signed by the Collateral Agent with the consent or at the direction of the Required Secured Parties.

8.8. No Waiver; Amendments; Cumulative Remedies. No delay or omission of the Collateral Agent or any Lender to exercise any right or remedy granted under this Security Agreement shall impair such right or remedy or be construed to be a waiver of any Default or an acquiescence therein, and any single or partial exercise of any such right or remedy shall not preclude any other or further exercise thereof or the exercise of any other right or remedy. No waiver, amendment or other variation of the terms, conditions or provisions of this Security Agreement whatsoever shall be valid unless in writing signed by the Collateral Agent with the concurrence or at the direction of the Secured Parties required under Section 8.3 of the Credit Agreement and then only to the extent in such writing specifically set forth. All rights and remedies contained in this Security Agreement or by law afforded shall be cumulative and all shall be available to the Collateral Agent and the Secured Parties until the Secured Obligations have been paid in full.

8.9. Limitation by Law; Severability of Provisions. All rights, remedies and powers provided in this Security Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Security Agreement are intended to be subject to all applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they shall not render this Security Agreement invalid, unenforceable or not entitled to be recorded or registered, in whole or in part. Any provision in any this Security Agreement that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of this Security Agreement are declared to be severable.

8.10. Reinstatement. This Security Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against any Grantor for liquidation or reorganization, should any Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant part of any Grantor’s assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned.

 

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8.11. Benefit of Agreement. The terms and provisions of this Security Agreement shall be binding upon and inure to the benefit of the Grantors, the Collateral Agent and the Secured Parties and their respective successors and assigns (including all persons who become bound as a debtor to this Security Agreement), except that no Grantor shall have the right to assign its rights or delegate its obligations under this Security Agreement or any interest herein, without the prior written consent of the Collateral Agent. No sales of participations, assignments, transfers, or other dispositions of any agreement governing the Secured Obligations or any portion thereof or interest therein shall in any manner impair the Lien granted to the Collateral Agent, for the benefit of the Collateral Agent and the Secured Parties, hereunder.

8.12. Survival of Representations. All representations and warranties of the Grantors contained in this Security Agreement shall survive the execution and delivery of this Security Agreement.

8.13. Taxes and Expenses. Any taxes (including income taxes) payable or ruled payable by Federal or State authority in respect of this Security Agreement shall be paid by the Grantors, together with interest and penalties, if any. The Grantors shall reimburse the Collateral Agent for any and all out-of-pocket expenses and internal charges (including reasonable attorneys’, auditors’ and accountants’ fees and reasonable time charges of attorneys, paralegals, auditors and accountants who may be employees of the Collateral Agent) paid or incurred by the Collateral Agent in connection with the preparation, execution, delivery, administration, collection and enforcement of this Security Agreement and in the audit, analysis, administration, collection, preservation or sale of the Collateral (including the expenses and charges associated with any periodic or special audit of the Collateral). Any and all costs and expenses incurred by the Grantors in the performance of actions required pursuant to the terms hereof shall be borne solely by the Grantors.

8.14. Headings. The title of and section headings in this Security Agreement are for convenience of reference only, and shall not govern the interpretation of any of the terms and provisions of this Security Agreement.

8.15. Termination. This Security Agreement shall continue in effect (notwithstanding the fact that from time to time there may be no Secured Obligations outstanding) until (i) the Credit Agreement has terminated pursuant to its express terms and (ii) all of the Secured Obligations have been indefeasibly paid and performed in full (or with respect to any outstanding Facility LCs, a cash deposit or Supporting Letter of Credit has been delivered to the Collateral Agent as required by the Credit Agreement) and no commitments of the Collateral Agent or the Secured Parties which would give rise to any Secured Obligations are outstanding.

8.16. Entire Agreement. This Security Agreement embodies the entire agreement and understanding between the Grantors and the Collateral Agent relating to the Collateral and supersedes all prior agreements and understandings between the Grantors and the Collateral Agent relating to the Collateral.

 

26


8.17. CHOICE OF LAW. THIS SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

8.18. CONSENT TO JURISDICTION. EACH GRANTOR HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, THE COURTS OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT AND EACH GRANTOR HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT OR ANY LENDER TO BRING PROCEEDINGS AGAINST ANY GRANTOR IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY GRANTOR AGAINST THE AGENT OR ANY LENDER OR ANY AFFILIATE OF THE AGENT OR ANY LENDER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN THE STATE OF NEW YORK.

8.19. WAIVER OF JURY TRIAL. EACH GRANTOR, THE AGENT AND EACH LENDER HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER.

8.20. Indemnity. Each Grantor hereby agrees to indemnify the Collateral Agent and the Secured Parties, and their respective successors, assigns, agents and employees (each an “Indemnified Party”), from and against any and all liabilities, damages, penalties, suits, costs, and expenses of any kind and nature (including, without limitation, all expenses of litigation or preparation therefor whether or not the Collateral Agent or any Lender is a party thereto) imposed on, incurred by or asserted against any Indemnified Party, in any way relating to or arising out of this Security Agreement, or the manufacture, purchase, acceptance, rejection, ownership, delivery, lease, possession, use, operation, condition, sale, return or other disposition of any Collateral (including, without limitation, latent and other defects, whether or not discoverable by the Collateral Agent or the Secured Parties or any Grantor, and any claim for Patent, Trademark or Copyright infringement) except to the extent that such liabilities, damages, penalties, suits, costs, and expenses are determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Indemnified Party.

 

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8.21. Counterparts. This Security Agreement may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Security Agreement by signing any such counterpart.

8.22. Section Titles. The Section titles contained in this Security Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not part of the agreement between the parties hereto.

ARTICLE IX

NOTICES

9.1. Sending Notices. Any notice required or permitted to be given under this Security Agreement shall be sent by United States mail, telecopier, personal delivery or nationally established overnight courier service, and shall be deemed received (a) when received, if sent by hand or overnight courier service, or mailed by certified or registered mail notices or (b) when sent, if sent by telecopier (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient), in each case addressed to the Grantors at the notice address set forth on Exhibit A, and to the Collateral Agent and the Secured Parties at the addresses set forth in the Credit Agreement.

9.2. Change in Address for Notices. Each of the Grantors, the Collateral Agent and the Secured Parties may change the address for service of notice upon it by a notice in writing to the other parties.

ARTICLE X

THE AGENT

JPMorgan Chase Bank, N.A. has been appointed Collateral Agent for the Secured Parties hereunder pursuant to Article X of the Credit Agreement. It is expressly understood and agreed by the parties to this Security Agreement that any authority conferred upon the Collateral Agent hereunder is subject to the terms of the delegation of authority made by the Secured Parties to the Collateral Agent pursuant to the Credit Agreement, and that the Collateral Agent has agreed to act (and any successor Collateral Agent shall act) as such hereunder only on the express conditions contained in such Article X. Any successor Collateral Agent appointed pursuant to Article X of the Credit Agreement shall be entitled to all the rights, interests and benefits of the Collateral Agent hereunder.

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the Grantors and the Collateral Agent have executed this Security Agreement as of the date first above written.

 

GRANTORS:

A.P. WOODSON COMPANY

C. HOFFBERGER COMPANY

CFS LLC

CHAMPION ENERGY CORPORATION

CHAMPION OIL COMPANY

COLUMBIA PETROLEUM TRANSPORTATION, LLC

HOFFMAN FUEL COMPANY OF BRIDGEPORT

HOFFMAN FUEL COMPANY OF DANBURY

HOFFMAN FUEL COMPANY OF STAMFORD

J.J. SKELTON OIL COMPANY

LEWIS OIL COMPANY

MAREX CORPORATION

MEENAN HOLDINGS OF NEW YORK, INC.

MEENAN OIL CO., INC.

MINNWHALE LLC

ORTEP OF PENNSYLVANIA, INC.

PETRO HOLDINGS, INC.

PETRO PLUMBING CORPORATION

PETRO, INC.

REGIONOIL PLUMBING, HEATING AND COOLING CO., INC.

RICHLAND PARTNERS, LLC

RYE FUEL COMPANY

STAR ACQUISITIONS, INC.

STAR GAS FINANCE COMPANY

TG&E SERVICE COMPANY, INC.

By:    
Name:    
Title:    


STAR GAS PARTNERS, L.P.

 

BY:   KESTREL HEAT, LLC, its General Partner
By:    
Name:    
Title:    

 

MEENAN OIL CO., L.P.

 

BY:   MEENAN OIL CO., INC., its General Partner
By:    
Name:    
Title:    


JPMORGAN CHASE BANK, N.A., as Collateral Agent
By:    
Name:    
Title:    


EXHIBIT A

(See Sections 3.2, 3.3, 3.4, 3.9 and 9.1 of Security Agreement)

NOTICE ADDRESS FOR ALL GRANTORS

Petroleum Heat and Power Co., Inc.

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

Facsimile: (203) 328-7470

INFORMATION AND COLLATERAL LOCATIONS OF A.P. Woodson Company

 

I. Name of Grantor: A.P. Woodson Company

 

II. State of Incorporation or Organization: Washington, D.C.

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 820555

 

V. Federal Identification Number: 06-1059668

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF CFS LLC

 

I. Name of Grantor: CFS LLC

 

II. State of Incorporation or Organization: Pennsylvania

 

III. Type of Entity: limited liability company

 

IV. Organizational Number assigned by State of Incorporation or Organization: 3997603

 

V. Federal Identification Number: 27-4460830

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name):

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Champion Energy Corporation

 

I. Name of Grantor: Champion Energy Corporation

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: limited liability company

 

IV. Organizational Number assigned by State of Incorporation or Organization: 2079601

 

V. Federal Identification Number: 06-1156651

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Champion Oil Company

 

I. Name of Grantor: Champion Oil Company

 

II. State of Incorporation or Organization: Connecticut

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 0138412

 

V. Federal Identification Number: 06-1078186

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): None

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF C. Hoffberger Company

 

I. Name of Grantor: C. Hoffberger Company

 

II. State of Incorporation or Organization: Maryland

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: D02062974

 

V. Federal Identification Number: 52-1437108

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Columbia Petroleum Transportation, LLC

 

I. Name of Grantor: Columbia Petroleum Transportation, LLC

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: limited liability company

 

IV. Organizational Number assigned by State of Incorporation or Organization: 3176183

 

V. Federal Identification Number: 25-1859437

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Hoffman Fuel Company of Bridgeport

 

I. Name of Grantor: Hoffman Fuel Company of Bridgeport

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 2080827

 

V. Federal Identification Number: 06-1156650

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Hoffman Fuel Company of Danbury

 

I. Name of Grantor: Hoffman Fuel Company of Danbury

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 2080828

 

V. Federal Identification Number: 06-1156647

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Hoffman Fuel Company of Stamford

 

I. Name of Grantor: Hoffman Fuel Company of Stamford

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 2080821

 

V. Federal Identification Number: 06-1156649

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): None

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF J.J. Skelton Oil Company

 

I. Name of Grantor: J.J. Skelton Oil Company

 

II. State of Incorporation or Organization: Pennsylvania

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 902189

 

V. Federal Identification Number: 23-2387742

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Lewis Oil Company

 

I. Name of Grantor: Lewis Oil Company

 

II. State of Incorporation or Organization: New York

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: N/A

 

V. Federal Identification Number: 11-2780728

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Rye Fuel Company

 

I. Name of Grantor: Rye Fuel Company

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 2080829

 

V. Federal Identification Number: 06-1156653

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Marex Corporation

 

I. Name of Grantor: Marex Corporation

 

II. State of Incorporation or Organization: Maryland

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: D-01242627

 

V. Federal Identification Number: 52-1224796

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Minnwhale LLC.

 

I. Name of Grantor: Minnwhale LLC

 

II. State of Incorporation or Organization: New York

 

III. Type of Entity: limited liability company

 

IV. Organizational Number assigned by State of Incorporation or Organization: N/A

 

V. Federal Identification Number: 20-8048384

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Meenan Holdings of New York, Inc.

 

I. Name of Grantor: Meenan Holdings of New York, Inc.

 

II. State of Incorporation or Organization: New York

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: N/A

 

V. Federal Identification Number: 75-3094989

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): None

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Meenan Oil Co., Inc.

 

I. Name of Grantor: Meenan Oil Co., Inc.

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 0781936

 

V. Federal Identification Number: 13-5581656

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Meenan Oil Co., L.P.

 

I. Name of Grantor: Meenan Oil Co., L.P.

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: limited partnership

 

IV. Organizational Number assigned by State of Incorporation or Organization: 2278852

 

V. Federal Identification Number: 11-3083408

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Ortep of Pennsylvania, Inc.

 

I. Name of Grantor: Ortep of Pennsylvania, Inc.

 

II. State of Incorporation or Organization: Pennsylvania

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 830187

 

V. Federal Identification Number: 23-2319071

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Petro Holdings, Inc.

 

I. Name of Grantor: Petro Holdings, Inc.

 

II. State of Incorporation or Organization: Minnesota

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 10J-870

 

V. Federal Identification Number: 06-1538741

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Petro, Inc.

 

I. Name of Grantor: Petro, Inc.

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 0808113

 

V. Federal Identification Number: 74-1810078

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Petro Plumbing Corporation

 

I. Name of Grantor: Petro Plumbing Corporation

 

II. State of Incorporation or Organization: New Jersey

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 0100839703

 

V. Federal Identification Number: 22-3802212

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Petroleum Heat and Power Co., Inc.

 

I. Name of Grantor: Petroleum Heat and Power Co., Inc.

 

II. State of Incorporation or Organization: Minnesota

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 5I-939

 

V. Federal Identification Number: 06-1183025

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF RegionOil Plumbing, Heating and Cooling Co., Inc.

 

I. Name of Grantor: RegionOil Plumbing, Heating and Cooling Co., Inc.

 

II. State of Incorporation or Organization: New Jersey

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 0100388793

 

V. Federal Identification Number: 22-2974742

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Richland Partners, LLC

 

I. Name of Grantor: Richland Partners, LLC

 

II. State of Incorporation or Organization: Pennsylvania

 

III. Type of Entity: limited liability company

 

IV. Organizational Number assigned by State of Incorporation or Organization: 2990194

 

V. Federal Identification Number: 25-1881489

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: All properties listed as owned by Grantor in Exhibit F hereto.

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): All properties listed as leased by Grantor in Exhibit F hereto.

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Star Gas Finance Company

 

I. Name of Grantor: Star Gas Finance Company

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 3614714

 

V. Federal Identification Number: 75-3094991

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): None

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Star Gas Partners, L.P.

 

I. Name of Grantor: Star Gas Partners, L.P.

 

II. State of Incorporation or Organization: Delaware

 

III. Type of Entity: limited partnership

 

IV. Organizational Number assigned by State of Incorporation or Organization: 2544224

 

V. Federal Identification Number: 06-1437793

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): None

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


INFORMATION AND COLLATERAL LOCATIONS OF Star Acquisitions, Inc.

 

I. Name of Grantor: Star Acquisitions, Inc.

 

II. State of Incorporation or Organization: Minnesota

 

III. Type of Entity: corporation

 

IV. Organizational Number assigned by State of Incorporation or Organization: 10M-613

 

V. Federal Identification Number: 06-1538742

 

VI. Place of Business (if it has only one) or Chief Executive Office (if more than one place of business) and Mailing Address:

2187 Atlantic Street

Stamford, CT 06902

Attention: Richard Ambury

 

VII. Locations of Collateral:

 

  (a) Properties Owned by the Grantor: None

 

  (b) Properties Leased by the Grantor (Include Landlord’s Name): None

 

  (c) Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): None


EXHIBIT B

(See Section 3.5 of Security Agreement)

 

DEPOSIT ACCOUNTS

 

Name of Grantor

  

Name of Institution

  

Account Number

Petro, Inc.

   JP MORGAN CHASE    777-348535

Petro, Inc.

   JP MORGAN CHASE    304154814

Meenan Oil Co., L.P.

   WELLS FARGO    2000047435487

Meenan Oil Co., L.P.

   WELLS FARGO    2000034306590

Ortep of New Jersey, Inc.

   WELLS FARGO    2002006670799

Richland Partners, LLC

   WELLS FARGO    2000011218656

Richland Partners, LLC

   WELLS FARGO    2000003547050

Petro Holdings, Inc.

   BANK OF AMERICA    3756513851

Petro, Inc.

   JP MORGAN CHASE    209-043385

Petro, Inc.

   JP MORGAN CHASE    777-347849

Hoffman Fuel Company Bridgeport

   BANK OF AMERICA    9429-168042

Hoffman Fuel Company Danbury

   BANK OF AMERICA    9429-168034

Rye Fuel Company

   TD BANKNORTH    902-9602805

J. J. Skelton Oil Company

   BANK OF AMERICA    9429-168050

J. J. Skelton Oil Company

   SOVEREIGN    240-1504818

C. Hoffberger Company

   BANK OF AMERICA    9429-168026

Lewis Oil Company

   HSBC    947-09182-3

Lewis Oil Company

   CITIBANK    008-03890-3

Lewis Oil Company

   BANK OF AMERICA    9429-168018

Champion Energy Corporation

   BANK OF AMERICA    9429-167998

Petro, Inc.

   JP MORGAN CHASE    022-098571

Petro, Inc.

   JP MORGAN CHASE    630-1418228509

Petro Inc.

   JP MORGAN CHASE    777348810

Petroleum Heat and Power Co., Inc.

   BANK OF AMERICA    249-01053-1-5

Petroleum Heat and Power Co., Inc.

   JP MORGAN CHASE    5015888

Petroleum Heat and Power Co., Inc.

   CITIZENS    131349-513-9

Petroleum Heat and Power Co., Inc.

   JP MORGAN CHASE    36056919 and 36056885

Meenan Oil Co., L.P.

   JP MORGAN CHASE    893-190047


EXHIBIT C

(See Section 3.7 of Security Agreement)

LETTER OF CREDIT RIGHTS

None

CHATTEL PAPER

None


EXHIBIT D

(See Section 3.10 and 3.11 of Security Agreement)

INTELLECTUAL PROPERTY RIGHTS

PATENTS

 

Name of Grantor

  

Patent Description

  

Patent Number

  

Issue Date

N/A

        

PATENT APPLICATIONS

 

Name of Grantor

  

Patent Application

  

Application Filing Date

  

Application Serial

Number

N/A

        

TRADEMARKS

 

MARK

  

REG. NO.

  

REG. DATE

  

GOODS

  

OWNER

  

NEXT

ACTION DUE

  

NOTES

COOLGUARD    2,503,081    October 30, 2001    International Class 36 - Warranty contracts in the field of residential central air conditioning systems.    Petroleum Heat and Power Co., Inc.   

Renewal due October 30, 2011

 

Renewal filed on 5/10/2011

 

Awaiting acceptance from USPTO.

   Active Registration.
OIL DIRECT GET THAT WARM FEELING FOR LESS    2,538,481    February 12, 2002    International Class 39 – Delivery of residential home heating oil by truck.    Petroleum Heat and Power Co., Inc.    Renewal due February 12, 2012    Active Registration. To be revisited in 2012.
LOGO    2,363,100    June 27, 2000    International Class 39 – Delivery of residential home heating oil by truck.    Petroleum Holdings, Inc.    Renewal due June 27, 2010    Cancelled: January 28, 2011
PETRO 2000    2,300,478    December 14, 1999    International Class 4 - Diesel fuel sold with pre-mixed additives.    Petroleum Heat and Power Co., Inc.    Renewal Due December 14, 2019    Active Registration.


MARK

  

REG. NO.

  

REG. DATE

  

GOODS

  

OWNER

  

NEXT

ACTION DUE

  

NOTES

 

LOGO

   2,449,407    May 8, 2001   

International Class 37 - Clean-up services for accidental releases of fuel oil from above-ground and underground fuel oil heating systems, provided to others through a service plan.

 

International Class 42 - Inspection services for others in the field of above-ground and underground fuel oil heating systems, provided through a service plan.

   Petroleum Heat and Power Co., Inc.    Renewal due May 8, 2021    Active Registration.
DEBLOIS    2,892,718    October 12, 2004   

International Class 4 – Fuel oil for heating purposes.

 

International Class 35 – Fuel oil distribution services.

 

International Class 37 – Installation, repair and maintenance of fuel oil equipment

   Petro Holdings, Inc.    Renewal due 10/12/2014    Active Registration. To be revisited in 2014.
LOGO    2,171,734    July 7, 1998   

International Class 4 – Fuel oil.

 

International Class 37 - Oil burner and boiler regulation and repair services.

 

International Class 39 - Delivery of heating oil by truck.

   Petroleum Heat and Power Co., Inc.    Renewal due July 7, 2018    Active Registration.
LOGO    538,181    February 20, 1951    International Class 4 – Fuel oils for heating purposes.    Petroleum Heat and Power Co., Inc.    Renewal due February 20, 2021    Active Registration.


MARK

  

REG. NO.

  

REG. DATE

  

GOODS

  

OWNER

  

NEXT

ACTION DUE

  

NOTES

PETRO and Design (House and Hand)

 

LOGO

   3,514,854    October 14, 2008    International Class 37 – HVAC contracting services, namely, installation, maintenance and repair of HVAC Systems; plumbing services, namely installation, maintenance and repair    Petroleum Heat and Power Co., Inc.    Sections 8 & 15 due between October 14, 2013 and October 14, 2014    Active Registration. To be revisited in 2013.

House and Hand Design

 

LOGO

   77/215,448    June 26, 2007    International Class 37 – HVAC contracting services, namely, installation, maintenance and repair of HVAC Systems; plumbing services, namely installation, maintenance and repair    Petroleum Heat and Power Co., Inc.    Notice of Abandonment: 10/27/2008    As anticipated, rec’d Office Action challenging generic aspect of mark. Discussed with J. McDonald and no use can be shown beyond use with the word PETRO so will allow mark to be abandoned.

PETRO and Design (House and Hand)

 

LOGO

   77/214,886    June 25, 2007    International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.    Petroleum Heat and Power Co., Inc.    Notice of Abandonment: 6/1/2009   

 

63


MARK

  

REG. NO.

  

REG. DATE

  

GOODS

  

OWNER

  

NEXT

ACTION DUE

  

NOTES

House and Hand Design

 

LOGO

   77/215,005    June 25, 2007    International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.    Petroleum Heat and Power Co., Inc.    Notice of Abandonment: 10/27/2008    Received notice of allowance and statement of use coming due shortly but discussed with J. McDonald and no use can be shown beyond use with the word PETRO so will allow mark to be abandoned.
PETRO PROTECTION SERVICES    77/214,244    June 25, 2007    International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.    Petroleum Heat and Power Co., Inc.    Notice of Abandonment: 6/1/2009   
PETRO SECURITY SERVICES    77/214,260    June 25, 2007    International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.    Petroleum Heat and Power Co., Inc.    Notice of Abandonment: 6/1/2009   
PETRO (Word Mark)    85/248,316    February 22, 2011   

IC4 - Fuel oils.

IC37 – HVAC contracting services, namely, installation, maintenance and repair of HVAC systems; plumbing services, namely installation, maintenance and repair.

IC39 – Delivery of heating oil by truck.

   Petroleum Heat & Power Co.    Newly filed application. Awaiting review from Examining Attorney.    Pending


MARK

  

REG. NO.

  

REG. DATE

  

GOODS

  

OWNER

  

NEXT

ACTION DUE

  

NOTES

LOGO    2,100,059    September 23, 1997    International Class 37 – Installation, maintenance and repair of security alarm systems for residential and commercial use.    Meenan Oil Co., L.P.    Renewal Due: September 23, 2017    Active Registration.
WARMTH IS WHAT WE’RE ALL ABOUT    1,720,717    September 29, 1992   

International Class 37 – Installation, repair and maintenance of heating equipment.

 

International 42 – Heating oil distributorship services.

   Meenan Oil Co., L.P.    Renewal Due: September 29, 2012    Active Registration. To be revisited in 2012.

LOGO

 

MEENAN WARMTH IS WHAT WE’RE ALL ABOUT

   1,572,413    December 19, 1989   

International Class 37 – Installation, repair and maintenance of heating equipment.

 

International 42 – Heating oil distributorship services.

   Meenan Oil Co., L.P.    Renewal Due: December 19, 2019    Active Registration.
TRU GAS    2,932,543    March 15, 2005    International Class 4 – Liquid propane gas for use with gas appliances.    Inergy Propane, LLC    Renewal Due: March 15, 2015   

Active Registration. We do not Maintain.

 

Per instruction of J. McDonald, this mark is not maintained by Star Gas; it belongs to Inergy. Therefore, nothing is to be done for this mark.


MARK

   REG. NO.    REG. DATE   

GOODS

  

OWNER

  

NEXT
ACTION DUE

  

NOTES

STAR GAS

   2,896,721    October 26,
2004
  

International Class 4 – Liquid propane gas for use with gas appliances.

 

International Class 35 – Retail and wholesale distributorship of propane gas.

   Inergy Propane, LLC    Sections 8 & 15 due between October 26, 2009 and October 26, 2010.   

Active Registration.

 

Per instruction of J. McDonald, this mark should be in Star Gas’s name. Need to change ownership in connection with next due date. Star Gas maintains this mark.

 

Conference with J. McDonald, Rich and Rich on 9/28/2010, allow registration to become abandoned.

LOGO    2,778,808    November 4,
2003
   International Class 4 – Liquid petroleum gas.    Star Gas Corporation    Sections 8 & 15 due between November 4, 2008 and November 4, 2009.   

Cancelled Under Section 8: 6/12/2010

 

Per instruction of J. McDonald, this mark is not maintained by Star Gas; it belongs to Inergy. Therefore, nothing is to be done for this mark.


MARK

   REG. NO.    REG. DATE   

GOODS

  

OWNER

  

NEXT
ACTION DUE

  

NOTES

 

LOGO

   1,769,632    May 11,
1993
   International Class 4 – Liquid propane gas for use with gas appliances.    Inergy Propane, LLC    Renewal Due: May 11, 2013   

Active Registration. To be revisited in 2013.

 

Per instruction of J. McDonald, this mark should be in Star Gas’s name. Need to change ownership in connection with next due date. Star Gas maintains this mark.

 

Conference with J. McDonald, Rich and Rich on 9/28/2010, we will revisit in May, 2012 re use of the mark and clean up of title.

PATRIOT PROPANE

   3,394,777    3/11/2008   

International Class 37 – Servicing equipment that utilizes propane.

 

International Class 39 – Delivery of propane by truck.

   Richland Partners, LLC    Sections 8 & 15 due between March 11, 2013 and March 11, 2014    Active Registration.


MARK

   REG. NO.    REG. DATE   

GOODS

  

OWNER

  

NEXT
ACTION DUE

  

NOTES

LEFFLER ENERGY

   2,858,853    June 29,
2004
  

International Class 35 – Wholesale distributorships and retail services featuring oil, gasoline and other petroleum products

 

International Class – 37 Maintenance and repair of equipment utilizing oil, gasoline and other petroleum products, namely furnaces, boilers, hot water heaters and like equipment.

   Richland Partners, LLC    Renewal Due: June 29, 2014    Active Registration. To be revisited in 2014.

STAR GAS

   2,905,698    November
30, 2004
   International Class 37 – Installation, repair and maintenance of liquid propane gas equipment.    Stellar Propane Service, LLC    Sections 8 & 15 due between November 30, 2009 and November 30, 2010   

Active Registration.

 

Per instruction of J. McDonald, this mark should be in Star Gas’s name. Need to change ownership in connection with next due date. Star Gas maintains this mark.

 

Conference with J. McDonald, Rich and Rich on 9/28/2010, allow registration to become abandoned.

SURE START

   3,421,803    May 6,
2008
   International Class 37 – Maintenance and repair of heating and air conditioning equipment    Star Gas Partners, L.P.    Sections 8 & 15 due between May 6, 2013 and May 6, 2014    Active Registration.


MARK

   REG. NO.    REG. DATE   

GOODS

  

OWNER

  

NEXT
ACTION DUE

  

NOTES

LEFFLER Logo Design

   77/215,690    6/26/2007    International Class – 27 HVAC contracting services, namely, installation, maintenance and repair of heating, ventilation and cooling systems, plumbing services, namely installation, maintenance and repair    Star Gas Corporation    Notice of Abandonment: 5/14/2008    Office Action received citing almost identical mark. Conference with J. McDonald – further prosecution of mark ceased and application will be allowed to lapse.

LEFFLER ENERGY

(Word mark)

   77/215,503    6/26/2007    International Class – 27 HVAC contracting services, namely, installation, maintenance and repair of heating, ventilation and cooling systems, plumbing services, namely installation, maintenance and repair    Star Gas Corporation    Notice of Abandonment: 2/13/2009    Decision was made to abandon this mark and file new application in correct owner’s name.

LEFFLER ENERGY

(Word mark)

   3,678,856    September
8, 2009
   International Class – 27 HVAC contracting services, namely, installation, maintenance and repair of heating, ventilation and cooling systems, plumbing services, namely installation, maintenance and repair    Richland Partners, LLC    Sections 8 & 15 due between September 8, 2014 and September 8, 2015    Active Registration.

FOUR POINTS

   3,851,247    September
21, 2010
  

International Class 37 - Installation, maintenance and repair of heating equipment

 

International Class 39 – Delivery of heating oil.

   Petroleum Heat & Power Co., Inc.    Sections 8 & 15 due between September 21, 2015 and September 21, 2016    Active Registration.


MARK

   REG. NO.    REG. DATE   

GOODS

  

OWNER

  

NEXT
ACTION DUE

  

NOTES

FOUR POINTS and

Design

   3,846,285    September 7,
2010
  

International Class 37 - Installation, maintenance and repair of heating equipment

 

International Class 39 – Delivery of heating oil.

   Petroleum Heat & Power Co., Inc.    Sections 8 & 15 due between September 7, 2015 and September 7, 2016    Active Registration

The following trademarks are protected under common law rights. There are no federal registrations issued or pending with the United States Patent and Trademark Office at this time.

 

HALLER STOWE    LEWIS AIR CONDITIONING
SHELLY FUEL    CHAMPION ENERGY AIR CONDITIONING
MAHOPAC FUEL    F & R FUEL
HOFFMAN AIR CONDITIONING    RCF FUEL
CHICKOS OIL    A & S FUEL
BELLMORE FUEL    HANCOCK OIL
KURZ OIL    FUEL EXPRESS
MARINE PARK    GOODWIN OIL
STERLING – COASTAL FUEL    NORTHERN COMFORT
VICO    FUELMAN


EXHIBIT E

(See Section 3.11 of Security Agreement)

TITLE DOCUMENTS

I. Vehicles subject to certificates of title:

All the following vehicles with an FAS # (fixed asset schedule #) and excluding those notated as leased by use of a lease number or an “x”.

Allentown Roster - Tank

 

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A / S

  

VIN #

   FAS #    Lease #

1601

   2004    INTHR    7600    5000/A    1HTWYAXT54J085266    18662   

1603

   2006    FRGHT    M2-106    3600/A    1FVFCYDC16HW39152       212697

1604

   1997    INT’L    4900    3400A    1HTSDAAN1VH451317    16337   

1605

   1981    INT’L    S1900    3000A    1HTAA1854BH30006    11981   

1637

   1994    FORD    F800    2800/A    1FDXK84E6RVA21069    11356   

1638

   1988    INTHR    S1954    3000/A    1HTLDTVN8JH554805    11328   

1639

   1987    INTHR    S1954    3000/A    1HTLDTVR6HHA26731    11327   

1642

   1990    INTHR    4900    2800/A    1HTSDTVN3LH216565    11336   

1643

   1979    MACK    MR606    4400/A    MR606S1017    11323   

 

Allentown Roster - Service

 

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

   FAS #    Lease #

S300

   2000    FORD    E-250    VAN    1FTNE2422YHA38633       139897

S302

   2003    FORD    E250    VAN    1FTNE24263HB26139       168723

S305

   2002    FORD    E250    VAN    1FTNE24252HB12585       163428

S306

   2005    FORD    E-250    VAN    1FTNE24W45HB22662       196105

S307

   2005    FORD    E-250    VAN    1FTNE24W65HB22663       196106

S308

   2005    FORD    E-250    VAN    1FTNE24W65HB22680       196090

S346

   2003    FORD    E-250    VAN    1FTNE24213HB26081       168597

S347

   2003    FORD    E-250    VAN    1FTNE24233HB26082       168598

 

Allentown Roster - Misc

 

Fleet #

  

Year

  

Make

  

Model

  

Type

  

Vin #

   FAS #    Lease #
M142    1990    FORD    F250    PICK UP    2FTEF25Y6LCA41955    11059   
M144    2003    FORD    E-450    VAN/BOX    1FDXE45F43HA02663       169237
M145    1988    GMC    BRIG    TANK    1GDM8C1YXJV602615    11350   
M146    2007    FORD    F-250    PICKUP    1FTNF21527EA57646       495593
M149    2001    FORD    E250    VAN    1FTNE24281HB432408       156637


Allentown Roster - Surplus

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1602    1981    FORD    C8000    3400A    1FDXD80U7BVJ03130    11100   
X1636    1985    FORD    C8000    3400/A    1FDYD80U2FVA36546    11372   
X1641    1976    FORD    LN8000    3000/A    R80DVA38328    11322   
XM1330    1988    FORD    E350    VAN    1FTJE34H6JHC20432       48970
XS301    2000    FORD    E250    VAN    1FTNE2429YHA38631       139895
XS335    1994    FORD    E-350    VAN    1FTJE34H0RHB84619       68884

 

Arlington Roster - Tanks

 

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A / S

  

VIN #

  

FAS #

  

Lease #

1251    1986    FORD    L8000    3200/A    R2291VA RECONSTRUC    11845   
1252    1988    FORD    L8000    3200/A    1FDYR80U9JVA38594    11843   
1254    1981    INTHR    S1854    2800/2/A    1HTAA1858BHA28940    6531   
1255    2008    FRGHT    M2-106    3000A    1FVACYDJ58HZ05493       N/A
1265    2002    FRGHT    FL80    3300/A    1FVABXAK32HJ84978    18222   
1266    2002    FRGHT    FL80    3400/2/A    1FVABXAK52HJ84979    18223   
1267    2002    FRGHT    FL80    3300/A    1FVABXAK02HJ84985    18225   
1268    2005    INTHR    7400    3600/A    1HTWCAAR45J045774    18631   

 

Arlington Roster - Tractors

 

Fleet #

  

Year

  

Make

  

Model

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1281    1987    FORD    LS8000    3    1FDZU90W0HVA59449    18231   

 

Arlington Roster - Trailers

 

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A / S

  

VIN #

  

FAS #

  

Lease #

1291    1977    HEIL       8000/A    929632    18232   

 

Arlington Roster - Service

 

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

  

FAS #

  

Lease #

S601    2009    FORD    E250    VAN    1FTNE24W29DA72969       N/A
S602    2009    FORD    E250    VAN    1FTNE24W09DA72971       N/A
S603    2010    FORD    E250    VAN    1FTNE2EW8ADA72767       N/A
S604    2010    FORD    E250    VAN    1FTNE2EW0ADA72763       N/A
S617    2000    FORD    E250    VAN    1FTNE242XYHA38606       139763
S624    2005    FORD    E250    VAN    1FTNE24W35HB22636       196075
S625    2005    FORD    E250    VAN    1FTNE24W95HB22639       196078
S626    2005    FORD    E250    VAN    1FTNE24W76HA60840       205551
S627    2006    FORD    E250    VAN    1FTNE24W96DA97119       495645


Arlington Roster - Misc

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M41    2007    FORD    F250    PICKUIP    1FTNF21577EA57643       495919
M42    1996    CHEV    C20    UTILITY    1GCGC24R9TZ204158    6573   
M43    2000    FORD    E250    VAN    1FTNE2420YHB22076       143352

 

Arlington Roster - Surplus

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

XM206    1981    JOHN DEERE    410D    BACKHOE    410D369886T    11853   
XM207    1988    E-BEAVER    9 TON FL    TRAILER    112HDB204JT090675    11854   
XS600    2002    FORD    E250    VAN    1FTNE24212HB72900       165071
XS621    2000    FORD    E250    VAN    1FTNE2427YHB22074       145350
XS622    2000    FORD    E250    VAN    1FTNE2422YHB22077       145353
XS628    2006    FORD    E250    VAN    1FTNE24W76DA97118       495644

 

Baltimore Roster - Tanks

 

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A / S

  

VIN #

  

FAS #

  

Lease #

1700    1982    GMC    Topki    3000/A    1GDP7D1Y1CV572848    17714   
1702    2007    FRGHT    M2-106    3600/1    1FVFCYDC77HY19351       N/A
1704    2008    FRGHT    M2-106    3000/A    1FVACYDJ18HZ05491       N/A
1705    2008    FRGHT    M2106    3400/2    1FVFCYDJ18HZ05500       N/A
1706    1989    GMC    TOPKI    2800/A    1GDM7D1Y1KV516801    17971   
1708    1986    FORD    CF7000    2300/A    9BFXH70P6GDM00666    18208   
1709    2009    FRGHT    M2106    3300/A    1FVACYDJ39HAF2463       N/A
1710    1985    FORD    LN8000    3000/A*1    1FDXR80U6FVA47899    12140   
1711    1981    WHITE    EXPED 2    4400/A*2    1WXDCHAC9BN048145    4806   
1712    1980    FORD    C8000    3000/A    D80UVGJ6745    18273   
1714    1988    GMC    BRIGI    3400A    1GDM8C1Y6JV601252    18732   
1715    1977    WHITE    ROAD EX    2800*A    3ARDSFD010686    18270   
1717    2010    FRGHT    M2-106    3400A    1FVACYBSXADAR4298       N/A
1718    2010    FRGHT    M2-106    3300A    1FVACYBS1ADAR4299       N/A
1719    1989    FORD    F700    2200S    1FDPF70H8KVA16735    18768   
1720    1990    FORD    LS8000    3200A    1FDYS82A1LYA03199    19045   
1721    1978    WHITE    EXPII    3500 A    3ARFMSB020876    19107   
1722    2011    INTL    4300    3499    1HTMMAAN2BH382125       N/A
1723    1979    INTHR    S1950    3000/A*1    AA195JHA16053    4760   
1727    1980    VOLVO    F613    2000/A*2    F6134X2007308    4863   
1747    1989    FORD    LN8000    2800/A*1    1FDXR82A5KVA35000    4889   
1748    1986    FORD    LN8000    3000/A*2    1FDXR80U6GVA20428    4888   
1752    1994    MACK    MS300P    2800/A/1    VG6M118B7RB300948    12183   
1753    2005    INTHR    7400    3600/A*1    1HTWCAAR25J045773    18627   
1754    2005    INTHR    7400    3600/A*1    1HTWCAAR65J045775    18629   
1770    1984    INTER    S1950    2700/A 1    1HTLDTVN9EHA64883    4772   


1776

   2002    FRGHT    FL80    3300/A*2    1FVABXAK12HJ84977    18217   

1777

   2002    FRGHT    FL80    3000/A*1    1FVABXAK22HJ84986    18218   

1784

   2006    FRGHT    M2 106    3600/A*1    1FVFCYDCX6HW39151       212696

1785

   1989    PTRBLT    227    2800/A*2    9DWWT7J26LC012839    12614   

1791

   1981    INTL    1800    3000/2/A    1HTAA1859BHA29496    10806   

 

Baltimore Roster - Tractors

 

Fleet #

  

Year

  

Make

  

Model

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1786

   1985    MACK    R686ST    2    1M2N179YOFA099521    4936   

1789

   1996    INT’L    8200    2    1HSHGAER7TH272067    12040   

 

Baltimore Roster - Trailers

 

Fleet #

  

Year

  

Make

  

Capacity
A / S

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1787

   1983    FRUEHF    9200/A    2    1H4TO4120EK006010    4909   

1788

   1988    FRUEHF    8500/A    2    1H4T04329JL012101    4908   

 

Baltimore Roster - Service

 

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS #

  

Lease #

S401

   2009    FORD    E250    VAN    1FTNE24W99DA72970       N/A

S402

   2009    FORD    E250    VAN    1FTNE24W09DA72968       N/A

S403

   2010    FORD    E250    VAN    1FTNE2EW4ADA72765       N/A

S404

   2010    FORD    E250    VAN    1FTNE2EW2ADA72764       N/A

S406

   2000    FORD    E250    VAN    1FTNE2426YHB27427       145501

S407

   2000    FORD    E250    VAN    1FTNE2426YHB27430       145504

S408

   2006    FORD    E250    VAN    1FTNE24W16DA97115       495641

S409

   2010    FORD    E250    VAN    1FTNE2EW6ADA72766       N/A

S410

   2002    FORD    E250    VAN    1FTNE24282HB24522       163926

S412

   2004    FORD    F350    OP UTILITY    1FDSF35L34EC37050       187846

S414

   2008    FORD    E250    VAN    1FTNE24W38DA15338       500437

S415

   2008    FORD    E250    VAN    1FTNE24W58DA15342       500441

S416

   2008    FORD    E250    VAN    1FTNE24W18DA15340       500439

S418

   2008    FORD    E250    VAN    1FTNE24W58DA15339       500438

S419

   2008    FORD    E250    VAN    1FTNE24W78DA15343       500442

S453

   2000    FORD    E250    VAN    1FTNE2421YHB22104       145406

S461

   2003    FORD    E250    VAN    1FTNE24263HB26111       168632

S462

   2003    FORD    E250    VAN    1FTNE24253HB26116       168643

S464

   2003    FORD    E250    VAN    1FTNE242X3HB26113       168637

S465

   2003    FORD    E250    VAN    1FTNE24233HB26115       168641

S466

   2003    FORD    E250    VAN    1FTNE24213HB26114       168639

S467

   2003    FORD    E250    VAN    1FTNE24283HB26112       168634

S468

   2004    FORD    E250    VAN    1FTNE24W74HB12951       188403


S470

   2004    FORD    E250    VAN    1FTNE24W24HB12954       188401

S471

   2001    FORD    E150    VAN    1FTRE14281HB36244       154635

S476

   2005    FORD    E250    VAN    1FTNE24W15HB22635       196074

S477

   2005    FORD    E250    VAN    1FTNE24W75HB22641       196080

S478

   2005    FORD    E250    VAN    1FTNE24W55HB22637       196076

S479

   2005    FORD    E250    VAN    1FTNE24W25HB22644       196083

S480

   2005    FORD    E250    VAN    1FTNE24W95HB22642       196081

 

Baltimore Roster - Misc

 

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS #

  

Lease #

M166

   2009    FORD    F250    4X4    1FTNF215X9EA90364       N/A

M168

   2009    FORD    E450    CUTAWAY    1FDXE45S49DA72998       N/A

M170

   2006    FORD    E350    CUTAWAY    1FDWE35L56HB19880       496284

M171

   2001    FORD    E250    VAN    1FTNE24201HB14808       153690

M172

   1995    FORD    F250    UTILITY    1FTHF26H3SLA07570       100247

M174

   2004    FORD    F350    PICK UP    1FTSF31P54EB58685       178036

M176

   2001    FORD    E450    CUTAWAY    1FDXE45F91HA43366       157530

M179

   2009    NISSAN    FG25    FORKLIFT    AZK901211       N/A

M181

   1989    HINO    FD    RACK    JHBFD174XK2S11637    7980   

M182

   1997    FORD    F350    UTILITY    1FDKF37H4VEA03767       120706

M186

   2008    FORD    E450    UTIL    1FDXE45S48DA14422       499826

M188

   2004    FORD    E350    CUTAWAY    1FDWE35L54HA98851       188263

M192

   2000    FORD    E250    VAN    1FTNE2421YHB22099       145401

M193

   1988    FORD    LN8000    DUMP TRUCK    1FDYR82A4JVA46136    11851   

M196

   2000    FORD    E250    VAN    1FTNE242XYHB22103       145405

M197

   2000    FORD    E250    VAN    1FTNE2425YHA38643       139935

M199

   2009    PACE/AMER    WS46SALD    4X6 TRAILER    40LFB06169P158491    N/A   

 

Baltimore Roster - Surplus

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1744

   1986    FORD    LN8000    2800 A 1    1FDXR80U9GVA09729    4887    WC

XM177

   2002    FORD    E450    CUTAWAY    1FDXE45F92HB11103       167243

XM180

   2000    FORD    E250    VAN    1FTNE242XYHA38640       139916

XM184

   1999    FORD    F350    4X2 REG CHA    3FDWF36SXXMA38213       143960

XM185

   1993    FORD    E350    VAN    1FTJE34M4PHA26682    12257   

XM187

   1986    GMC    7000    STAKE BD    1GDM7D1B5GV511376    6532    JPM

XM189

   1995    FORD    E250    PICK UP    1FTHF26H2SNA02137       100249

XM190

   2001    FORD    E250    VAN    1FTNE24221HB18312       153710

XM198

   2000    FORD    E250    VAN    1FTNE2424YHB22078       145354

XS405

   2000    FORD    E250    VAN    1FTNE2422YHA36235       139732

XS441

   2000    FORD    E250    VAN    1FTNE2423YHA38639       139915

XS451

   2000    FORD    E250    VAN    1FTNE2424YHB22100       145402

XS458

   2001    FORD    E250    VAN    1FTNE24261HB18314       153712

XS463

   2003    FORD    E250    VAN    1FTNE24243HB26110       168630


Kenvil Roster - Tanks

 

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A / S

  

VIN #

  

FAS #

  

Lease #

1325

   2009    FRGHT    M2106    3300/A    1FVACYDJX9HAF2461       N/A

1326

   1988    FORD    L8000    3300-2-A    1FDYS80U0JVA53845    10738   

1327

   2005    INTL    7600    5000/A    1HTWYSBT55J045798    18742   

1328

   2010    FRGHT    M21    3300A    1FVACYBS8ADAR4297       N/A

1329

   2010    FRGHT    M21    5000A    1FVHC5CVXADAR5182       N/A

1330

   1985    FORD    L8000    3000 A    1FDXR80UGFVA46784    13184   

1352

   1988    FORD    L-8000    3300.A    1FDYS80U4JVA53847    10435   

1354

   1988    FORD    L-8000    3300/A    1FDYS80U2JVA53846    10436   

1368

   1995    INTL    4400    3400/A    1HTSG0009SH653003    10487   

1370

   1995    FORD    L-8000    2950/A    1FDXR82E1SVA12056    10488   

1375

   1986    INTL    S-1900    2800/A    1HTLDTVN8GHA58172    10503   

1379

   1985    MACK    MR685S    5000/A    1M2K127C1FM007859    10527   

1380

   1994    FORD    L-8000    2800/A    1FDXR72C3RVA17763    10533   

1384

   1995    FORD    L-8000    3000/A    1FDXR82E6SVA22209    10560   

1387

   1986    FORD    LN-8000    3600/A    1FDXR80U9GVA08208    11923   

1389

   1995    FRGHT    FL70    2800/A    1FV6HLBA8SL664594    12017   

1390

   1997    FRGHT    FL70    2800/A    1FV6HLBA0VH828508    12018   

1391

   2002    FRGHT    FL70    2800/A    1FVABTBS82HJ53135    12020   

1392

   2005    INTL    7600    5000/A    1HTWYSBT35J045783    18628   

1393

   2005    INTL    7600    5000/A    1HTWYSBT55J045784    18630   
Kenvil Roster - Service

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

VIN #

  

FAS #

  

Lease #

S001

   2005    FORD    E250    VAN    1FTNE24W75HB22624       196022

S005

   2009    FORD    E250    VAN    1FTNE24W99DA72967       N/A

S006

   2009    FORD    E250    VAN    1FTNE24W19DA72963       N/A

S007

   2009    FORD    E250    VAN    1FTNE24W59DA72965       N/A

S009

   2008    FORD    E250    VAN    1FTNE24W08DA15345       500444

S011

   2005    FORD    E250    VAN    1FTNE24W45HB22659       196102

S012

   2005    FORD    E250    VAN    1FTNE24W05HB22660       196103

S013

   2005    FORD    E250    VAN    1FTNE24W25HB22661       196104

S014

   2010    FORD    E250    VAN    1FTNE2EWOADA72777       N/A

S015

   2010    FORD    E250    VAN    1FTNE2EWOADA72780       N/A

S024

   2008    FORD    E250    VAN    1FTNE24W98DA15344       500443

S090

   2001    FORD    E250    VAN    1FTNE24211HB18320       153718

S092

   2003    FORD    E250    VAN    1FTNE24233HB26101       168619

S094

   2003    FORD    E250    VAN    1FTNE24273HB26103       168621

S095

   2006    FORD    E250    VAN    1FTNE24W86DA97113       495639

S096

   2006    FORD    E250    VAN    1FTNE24WX6DA97114       495640

S097

   2006    FORD    E250    VAN    1FTNE24W26DA97110       495636

S098

   2006    FORD    E250    VAN    1FTNE24W46DA97111       495637


Kenvil Roster - Misc

 

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS #

  

Lease #

M71

   1987    FORD    F350    RACK    1FDKF37H6HNB08721    18921   

M72

   2002    FORD    F450    UTILITY    1FDXF4742EC65343       164571

M73

   2000    YALE    FORKLIFT    FORKLIFT    AH108246    10536   

M74

   2007    FORD    F250    PICKUP    1FTNF21557EA57642       495918

M77

   1984    FORD    L-9000    4400/A    1FDZY90WXEVA31383    10426   

M78

   2000    FORD    E250    VAN    1FTNE2428YHB22116       145447
Kenvil Roster - Surplus

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1358

   1985    WHITE    EXP II    3400A    1WXDAHAD5FN104490    10449    JPM

X1362

   1985    INTL    S1900    TANK    1HTLDTVN4FHA62136    10463   

X1365

   1987    WHITE    EXP II    4400/A    1WXDCHJD3HN123889    10471   

X1377

   1990    WHITE    WX64    5000/A    4V2DCFMD5LN629539    10511   

X1388

   1982    MACK    MR685S    4400S    1M2K127C7CM005044    11941   

XC8

   1997    DODGE    DAKOTA       1B7FL26X8V246484    12024   

XM1077

   1996    FORD    TK2    VAN    1FTJE34Y2THA01261       109426

XM1361

   1980    FORD    C-8000    TANK    D80UVGG9621    10534   

XM75

   1985    CHEVY    C20    9500    1GBGC24M1FJ186119    10427   

XM76

   1997    FORD    VAN    UTILITY    1FDKF38G3VEA60127       120734

XM79

   1994    FORD    E350/DS    VAN    1FTJE34M6RHB48043    10494   

XM80

   1989    ISUZU    BOX    TRUCK    JALB4B1H9K7005512    10338   

XM002

   2000    FORD    E250    VAN    1FTNE2427YHB22110       145429

XS003

   2000    FORD    E250    VAN    1FTNE2426YHA36237       139734

XS082

   2000    FORD    E250    VAN    1FTNE242XYHB22084       145378

XS087

   2001    FORD    E250    VAN    1FTNE24251HB18322       153720

XS091

   2002    FORD    E250    VAN    1FTNE24232HB54379       164410

XS093

   2003    FORD    E250    VAN    1FTNE24253HB26102       168620
Lakewood Roster - Tanks

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A / S

  

VIN #

  

FAS #

  

Lease #

1451

   2008    FRGHT    M-2106    3000A    1FVACYDJ38HZ05492       N/A

1452

   1988    FORD    L-8000    2800/A    1FDXR82A4JVA00320    13217   

1453

   2009    FRGHT    M2106    3300/A    1FVACYDJ19HAF2462       N/A

1457

   1985    FORD    L-8000    3000/A    1FDXR8OU1FVA70801    13182   

1459

   1984    FORD    L-8000    3000/A    1FDXR8OU3EVA59345    13185   

1463

   1980    FORD    C-8000    3100/A    D8OUVJG5658    13207   

1465

   1990    INTL    4900    2800/A    1HTSDTVN7LH264375    13229   

1467

   2004    INTL    7600    5000/A    1HTWYAXT34J085265    18658   

1469

   2002    FRGHT    FL80    3000/A    1FVABXAK82HJ84989    18215   

1470

   2007    FRGHT    M-2106    3600/A    1FVFCYDC57HY19350       N/A

1480

   1996    FORD    L-8000    3400/A    1FDXR82E1TVA14536    17849   


1481

   2001    FRGHT    FL-70    2800/A    1FVABTBS41HJ23905    17850   

1485

   2005    STERLING    ACT    2800/A    2FZACGDC05AU93637    17874   
Lakewood Roster - Service

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

VIN #

  

FAS #

  

Lease #

S151

   2002    FORD    E-250    VAN    1FTNE242X2HB24487       163297

S155

   2003    FORD    E350    UTILITY    1FDSE35L33HB94703    17855   

S156

   2004    FORD    F250    UTILITY    1FTNX21L64EA56510    17856   

S157

   2006    FORD    E350 EXT    VAN    1FTSSE34L96HB25789    17857   

S158

   2007    FORD    E350    VAN    1FTSE34L57DA82388    17857   

S160

   2004    CHEVROLET    G25    VAN    1GCGG25U141117166    17876   

S161

   2010    FORD    E-250    VAN    1FTNE2EW4ADA72779       N/A

S162

   2010    FORD    E-250    VAN    1FTNE2EW2ADA72781       N/A

S163

   2010    FORD    E-250    VAN    1FTNE2EW9ADA72776       N/A

S172

   2000    FORD    E-250    VAN    1FTNE2427YHA36229       139720

S173

   2000    FORD    E-250    VAN    1FTNE2423YHA36230       139722

S177

   2000    FORD    E-250    VAN    1FTNE2422YHB22113       145439

S178

   2000    FORD    E-250    VAN    1FTNE2424YHB22114       145440

S184

   2002    FORD    E-250    VAN    1FTNE24292HB60896       165070

S186

   2003    FORD    E-250    VAN    1FTNE24293HB26104       168622

S188

   2003    FORD    E-250    VAN    1FTNE24223HB26106       168624

S189

   2003    FORD    E-250    VAN    1FTNE24243HB26107       168626

S190

   2003    FORD    E-250    VAN    1FTNE24263HB26108       168627

S192

   2005    FORD    E-250    VAN    1FTNE24W05HB22657       196099

S195

   2006    FORD    E-250    VAN    1FTNE24W06DA97123       495649

S196

   2006    FORD    E-250    VAN    1FTNE24W26DA97124       495650

S197

   2006    FORD    E-250    VAN    1FTNE24W46DA97125       495651
Lakewood Roster - Misc

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M91

   1998    CHEVY    S-10    PICK-UP    1GCCS144XWK133470    17851   

M93

   2004    FORD    F-250    PICKUP    1FTNF21L64EA64027       178733

M95

   1951    HYSTER    H20E    FORKLIFT    BID4740K    N/A   

M96

   2003    FORD    E-350    PICKUP    1FTSF31L03EA11671       165064

M97

   2000    FORD    E-250    VAN    1FTNE2425YHA36231       139727

M98

   2000    FORD    E-450    CUBE    1FDXE45S4YHB88984       153172

M99

   2001    FORD    E-450    CUBE    1FDXE45S21HB42608       155858
Lakewood Roster - Surplus

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1464

   1989    FORD    C-8000    3100/A    1FDYD80U0KVA01966    13206   

X1466

   1980    FORD    C-8000    3400/A    D8OUVJA9283    13181   

XM92

   1986    FORD    E-350    CUBE    1FDKE37H2GHB57673    313219   


XM94

   1994    FORD    F-250    PICKUP    2FTHF26H6PCB04635       55040

XS150

   2002    FORD    E250    VAN    1FTNE24232HB24475       163296

XS152

   1998    FORD    E250    VAN    1FTNE24L4WHB24032    17852   

XS153

   2001    FORD    E250    VAN    1FTNE24L11HA37178    17853   

XS154

   2002    FORD    E250    VAN    1FTNE24L12HB12821    17854   

XS191

   2004    FORD    E250    VAN    1FTNE24W04HB12953       188404

XS193

   2000    FORD    E-250    VAN    1FTNE2424YHA38620       139798
Pennsauken Roster - Tank

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A / S

  

VIN #

  

FAS #

  

Lease #

1500

   2007    FRIGHT    M-2106    3600/A    1FVFCYDC97HY19352       N/A

1501

   1979    FORD    LN-8000    3000/A    R80DVDC8864    10881   

1502

   2008    FRGHT    M-2106    3200A    1FVACYDJ68HZ205504       N/A

1505

   1999    STERLING    CONVT    2800/A    2FZHLJAA3XA982583    17813   

1506

   2005    INTL    7400    5600/A    1HTWCAAR15J006527      

1529

   1988    GMC    7000    2800/A    J8DM7A1SXJ3300033    10949   

1531

   1998    KEN    T300    2800/A    3NKMHD7XOWF763665    10973   

1536

   1988    FORD    LN-8000    2800/A    1FDXR80UXJVA48790    10989   

1537

   2000    KEN    T300    2800/A    1NKMHD7X9YS830088    10991   

1538

   2005    INTL    7600    5000/A    1HTWYSBT65J045793    18753   
Pennsauken Roster - Service

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

VIN #

  

FAS #

  

Lease #

S202

   2004    FORD    E-250    VAN    1FTNE24WC4HA33671       184025

S204

   2005    FORD    E-250    VAN    1FTNE24W55HB22654       196096

S205

   2005    FORD    E-250    VAN    1FTNE24W75HB22655       196097

S206

   2005    FORD    E-250    VAN    1FTNE24W95HB22656       196098

S207

   2006    FORD    E-250    VAN    1FTNE24W56DA97120       495646

S215

   2000    FORD    E250    VAN    1FTNE2420YHB08582       152040

S220

   2003    FORD    E-250    VAN    1FTNE24243HB26091       168607

S222

   2003    FORD    E-250    VAN    1FTNE24273HB26098       168614

S234

   2000    FORD    E-250    VAN    1FTNE2422YHB19955       152039

S236

   2001    FORD    E-250    VAN    1FTNE24271HA28881       152285

S245

   2002    FORD    E-250    VAN    1FTNE24272HB57771       164901

S247

   2003    FORD    E-250    VAN    1FTNE24293HB26099       168615

S248

   2003    FORD    E-250    VAN    1FTNE24213HB26100       168616

S249

   2003    FORD    E-250    VAN    1FTNE24283HB26109       168628
Pennsauken Roster - Cars

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

VIN #

  

FAS #

  

Lease #

C21

   2010    FORD    F150       1FYEX1E89AFD37691       517796


Pennsauken Roster - Misc

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M100

   2001    FORD    E450    CUBE    1FDXE45S01HB42607       155859

M101

   2007    FORD    F250    PICK UP    1FNF21507EA57645       495595

M102

   2006    FORD    E450    CUT-A-WAY    1FDXE45S06DA24927       495464

M104

   2001    FORD    E350    CUT-A-WAY    1FDWE35L41HA32240       152932

M106

   1989    FORD    F350    PICK UP    1FDKF38G2KNB81761       48862

M107

   2002    FORD    E250    VAN    1FTNE2428HB60873       164900

M110

   1954    TOWMOTOR    LT35    FORKLIFT    3554336    N/A   
Pennsauken Roster - Surplus

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1504

   1979    FORD    C-8000    3400/A    D80DVEH2545    10887   

X1510

   1981    FORD    C-8000    3400/A    D80U9EVJ15848    10982   

XM111

   1983    IVECO    Z220    BOX    ZCFCC2147D1200058    10968   

XM115

   1987    GMC    P3500    STEP VAN    1GTHP32J3H3500251    10879   

XS233

   2000    FORD    E-250    VAN    1FTNE2427YHB04836       152038

XS239

   2001    FORD    E250    VAN    1FTNE24281HB18315       153713

XS240

   2001    FORD    E-250    VAN    1FTNE24231HB18318       153716
Philadelphia Roster - Tank

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A / S

  

VIN #

  

FAS #

  

Lease #

1551

   1988    INTERNATIONAL    S1954    3300 / A    1HTLDUXN6JH541974    11133/11135/11138   

1552

   1989    FORD    C8000    3400A    1FDY80U6KVA07738    11098   

1558

   1988    INTERNATIONAL    S1900    2800 / A    1HTLDTVN5JH570587    11254   

1559

   1990    INTERNATIONAL    S4900    2800 / A    1HTSDTVNXLH223996    11259/12132   

1560

   1990    INTERNATIONAL    S4900    3200 / A    1HTSDTVR4LH223995    11255   

1564

   1991    MACK    MS250P    2600 / A    VG6M114BXMB200762    11224   

1566

   1994    FORD    LN8000    2800 / A    1FDXR82E8RVA37949    11221/12377   

1567

   1990    FORD    C8000    3400 / A    1FDYD80U1LVA31172    11227   

1568

   1994    FORD    LN8000    2800 / A    1FDXR82E2RVA12898    11226   

1570

   1990    FORD    CF8000    2800 / A    9BFXH81A3LDM01042    11225   

1576

   1996    FORD    LN8000    4000 / A    1FDYR82E0TVA04990    11300/12390   

1584

   2006    FREIGHTLINER    M2    3600 / A    1FVFCYDCX6HW39148       212693

1585

   2006    FREIGHTLINER    M2    3600 / A    1FVFCYDC16HW39149       212694

1586

   2006    FREIGHTLINER    M2    3600 / A    1FVFCYDC86HW39150       212695
Philadelphia Roster - Tractors

Fleet #

  

Year

  

Make

  

Model

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1591

   2010    INTERNATIONAL    7600 SBA 6X4    3    1HSWYSJT4AJ273307       N/A

1592

   1993    INTERNATIONAL    9370 EAGLE    3    2HSFBBHR6PC070356    11266   


Philadelphia Roster - Trailers

 

Fleet #

  

Year

  

Make

  

Capacity
A / S

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1593

   1985    Heil    8000/A    2    1HLA3A7B1E7G52798    11189   

1594

   1989    Heil    9200/A    2    1HLA3A7B2K7H54476    11246/11251   
Philadelphia Roster - Service

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

VIN #

  

FAS #

  

Lease #

S251

   2008    FORD    E250    VAN    1FTNE24W38DA15324       500423

S255

   2000    FORD    E250    VAN    1FTNE242XYHB22120       145451

S256

   2010    FORD    E250    VAN    1FTNE2EW1ADA72772       N/A

S257

   2010    FORD    E250    VAN    1FTNE2EWXADA72768       N/A

S258

   2010    FORD    E250    VAN    1FTNE2EWXADA72771       N/A

S259

   2010    FORD    E250    VAN    1FTNE2EW1ADA72769       N/A

S260

   2010    FORD    E250    VAN    1FTNE2EW8ADA72770       N/A

S262

   1998    FORD    E350    CUBE    1FDWE37L7WHCO5575       140276

S263

   2000    FORD    E250    VAN    1FTNE2426YHA38649       140071

S266

   2000    FORD    E250    VAN    1FTNE2422YHA38650       140072

S273

   2000    FORD    E250    VAN    1FTNE2424YHA38651       140073

S274

   2000    FORD    E250    VAN    1FTNE2426YHA38652       140074

S275

   2000    FORD    E250    VAN    1FTNE2428YHA38653       140075

S276

   2000    FORD    E250    VAN    1FTNE242XYHA38654       140076

S283

   2000    FORD    E250    VAN    1FTNE2425YHA38657       140079

S284

   2000    FORD    E250    VAN    1FTNE2421YHB22118       145449

S290

   2000    FORD    E250    VAN    1FTNE2427YHA38658       140080

S291

   2001    FORD    E450    CUBE    1FDXE45S01HA10477       153170

S292

   2001    FORD    E450    CUBE    IFDXE45S91HA10476       153175

S296

   2000    FORD    E250    VAN    1FTNE242XYHB22117       145448

S713

   1996    DODGE    B300    VAN    2B7KB31Y7TK106084    11292   

S719

   2003    FORD    E250    VAN    1FTNE24253HB26083       168599

S720

   2003    FORD    E250    VAN    1FTNE24273HB26084       168600

S721

   2003    FORD    E250    VAN    1FTNE24293HB26085       168601

S722

   2003    FORD    E250    VAN    1FTNE24203HB26086       168602

S723

   2003    FORD    E250    VAN    1FTNE24223HB26087       168603

S724

   2003    FORD    E250    VAN    1FTNE24243HB26088       168604

S725

   2003    FORD    E250    VAN    1FTNE24263HB26089       168605

S726

   2003    FORD    E250    VAN    1FTNE24223HB26090       168606

S728

   2005    FORD    E250    VAN    1FTNE24W45HB22645       196085

S729

   2005    FORD    E250    VAN    1FTNE24W65HB22646       196086

S730

   2005    FORD    E250    VAN    1FTNE24W85HB22647       196087

S731

   2005    FORD    E250    VAN    1FTNE24WX5HB22648       196088

S732

   2005    FORD    E250    VAN    1FTNE24W15HB22649       196089

S733

   2005    FORD    E250    VAN    1FTNE24W85HB22650       196091


Philadelphia Roster - Misc

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M116

   1970    AL CH    FT-20-24    FORKLIFT    2739200    N/A   

M117

   1995    FORD    E-350    VAN    1FTJE34Y4SHB94172       108097

M119

   2009    FORD    F-550    DUMP    1FDAF57R39EA93435       N/A

M136

   1990    FORD    2120    BACKHOE    T854B20037    11200   

M137

   1987    CTAL    EC16    TRAILER    1C9EC2226H1193391    11199   

M139

   2004    FORD    F-250    PICKUP    1FTNF21L04EB58680       177909

M142

   2002    FORD    E-450    UTILITY    1FDXE45S72HA50511       162716
Philadelphia Roster - Cars

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

VIN #

  

FAS #

  

Lease #

C26

   2000    PLYMOUTH    MINI-VAN       2P4FP25B4YR569605    11295   
Philadelphia Roster - Surplus

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1562

   1978    FORD    C8000    3400/A    D80DVAG5533    5555   

X1575

   1994    CHEVY    TOPKICK    2800 / A    1GBM7H1J4RJ102559    11299   

X1580

   1978    INTERNATIONAL    1950B    3400/A    D1045HCA10276    11185/11237   

X1581

   1985    FORD    C8000    3400/A    1FDYD80U7FVA09438    12373   

X1583

   1990    FORD    C8000    3000 / A    1FDYD80U5LVA07828    12374   

XM141

   1988    FORD    F-800    2600 / A    1FDPF82H4JVA03143    11188   

XS267

   2000    FORD    E250    VAN    1FTNE2421YHA38655       140077

XS272

   1996    FORD    E350    VAN    1FTJE34Y5THB37710      

115

374

Princeton Roster - Tank

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A / S

  

VIN #

  

FAS #

  

Lease #

1400

   2002    FRGHT    FL80    3300/2/A    1FVABXAKX2HJ84976    18248   

1401

   2001    FRGHT    FL-70    2800/A    1FVABTBV41HH19755    17831   

1402

   1984    GMC    TOPKICK    2800A    1GDM7D1Y3EV501107    10950   

1403

   1987    INTHR    S1954    3000/S    1HTLDUXNOHHA20584    19012   

1404

   1992    FORD    LN8000    2800A    1FDXR82A7NVA09339    19992   

1411

   1995    FORD    LN-8000    2800/2/A    1FDXR82E8SVA08408    13830   

1412

   1986    FORD    L-8000    3000/1/A    1FDXR80O6GVA23717    12308   

1432

   1978    FORD    L-8000    3000/1/A    R80DVCH0238    12387   

1447

   1978    FORD    L-8000    2800/3/A    R80DVBG6647    12390   
Princeton Roster - Service

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

VIN #

  

FAS #

  

Lease #

S103

   2004    FORD    E250    VAN    1FTNE24L54HA97095    17828   

S104

   2005    FORD    E250    VAN    1FTNE24W65HA48645    17827   


S105

   2001    FORD    E-250    VAN    1FTNE24211HB18317       153715

S106

   2010    FORD    E-250    VAN    1FTNE2EW3ADA2773       N/A

S107

   2010    FORD    E-250    VAN    1FTNE2EW7ADA2775       N/A

S108

   2010    FORD    E250    VAN    1FTNE2EW5ADA72774       N/A

S110

   2003    FORD    E250    VAN    1FTNE24213HB26095       168611

S111

   2001    FORD    E250    VAN    1FTNE242X1HB18316       153714

S131

   2001    FORD    E-250    VAN    1FTNE24261HB34979       154632

S132

   2001    FORD    E-250    VAN    1FTNE24271HB14806       153688

S134

   2003    FORD    E-250    VAN    1FTNE24263HB26092       168608

S140

   2005    FORD    E-250    VAN    1FTNE24W15HB22652       196094

S141

   2005    FORD    E-250    VAN    1FTNE24W35HB22653       196095

S142

   2006    FORD    E-250    VAN    1FTNE24W96DA97122       495648

S143

   2006    FORD    E-250    VAN    1FTNE24W76DA97121       495647
Princeton Roster - Misc

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS #

  

Lease #

M81

   2002    FORD    E250    VAN    1FTNE24292HB12606       163241

M82

   2005    FORD    F-250    PICK UP    1FTNF21565EA27787       205311

M83

   2010    FORD    F450    4X4    1FDAF4HY5AEB08859       509028

M89

   1959    BAKER    FMD050    FORKLIFT    47107    N/A   

M91

   2001    FORD    E-450    CUTWAY    1FDXE45F01HA43367       157532
Princeton Roster - Surplus

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1441

   1983    FORD    C-8000    3500/2/A    1FDYD80U2DVA47642    12488   

X1442

   1984    FORD    LT9000    3500/3/A    1FDYK90W7EVA33797    12370   

XC16

   2004    FORD    ESCAPE       1FMCU93184KA79191       178776

XM80

   2001    FORD    E250    VAN    1FTNE24291HB14807       153689

XM85

   1991    FORD    E-250    VAN    1FTFE24Y0MHA58365    12415   

XS101

   1993    CHEVY    G-30    VAN    2GCHG35K1P4146933    17830   

XS102

   1994    FORD    E-250    VAN    1FTHS24H7RHA98967    17829   

XS135

   2003    FORD    E250    VAN    1FTNE24283HB26093       168609

XS136

   2003    FORD    E250    VAN    1FTNE242X3HB26094       168610

XS137

   2003    FORD    E250    VAN    1FTNE24233HB26096       168612

XS138

   2003    FORD    E-250    VAN    1FTNE24253HB26097       168613

XS139

   2005    FORD    E250    VAN    1FTNE24WX5HB22651       196093
   1996    FORD    E150    VAN    1FTE14Y4TBH41964    19994   
   1994    FORD    F250    PICK UP    1FTNE26M4RKC01048    19993   
Reading Roster - Tank

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A/S

  

VIN #

  

FAS #

  

Lease #

1652

   2008    FRGHT    M2-106    3000A    1FVACYDJX8HZ05490       N/A

1653

   1976    FORD    C-8000    3300/A    D80DVA87383    11095   


1654

   1991    FORD    LS8000    3400A    1FDYS82A5MVA08360    16155   

1655

   2003    INTHR    7400/4X2    3350/A    1HTWCADR73J045129       172277

1659

   1995    FORD    LN8000    3000/A    1FDYR82E2SVA18050    11090   

1675

   1986    INTHR    S1954    2800/A    1HTLDTVR4GHA60570    11066   

1683

   1988    INTHR    S1954    2800/A    1HTLDTVN6JH542314    11055   

1686

   1987    FORD    LN8000    3300/A    1FDXR80U1HVA30043    11118   

1689

   1996    VOLVO    FE    3200/A    4V52AEFD6TR475892    11123   

1690

   1997    VOLVO    FE    2800/A    4VE2AKFD5VR476646    11122   

1694

   2005    INTHR    7600    5000/A    1HTWYSBT85J045794    18757   
Reading Roster - Service

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

VIN #

  

Plate #

  

Lien
Holder

S351

   2005    FORD    E250    VAN    1FTNE24W25HB22658    YAK7185   

S359

   2002    FORD    E250    VAN    1FTNE24292HB24464    YLR4175   

S361

   2003    FORD    E250    VAN    1FTNE24243HB26138    YMH1394   

S363

   2003    FORD    E250    VAN    1FTNE24253HB26133    YMR6083   

S365

   2003    FORD    E250    VAN    1FTNE24203HB26136    YMR6079   

S367

   2003    FORD    E250    VAN    1FTNE24223HB26137    YMR6078   

S375

   2003    FORD    E250    VAN    1FTNE24233HB26132    YMR6084   

S381

   2003    FORD    E250    VAN    1FTNE24273HB26134    YMR6085   

S394

   1999    FORD    E250    VAN    1FTNE2427XHA48864    YGG0155   

S396

   2000    FORD    E250    VAN    1FTNE2424YHA38634    YDD7669   

S397

   2000    FORD    E250    VAN    1FTNE2428YHA38636    YDD7670   

S399

   2002    FORD    E250    VAN    1FTNE24292HA05927    YHX8032   
Reading Roster - Misc

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS #

  

Lease #

M153

   1993    FORD    F250    PICK UP    1FTHF26H4PLA85248       55181

M154

   1995    FORD    F350    UTILITY    1FDJF37H8SNA59461       102562

M155

   2011    FORD    F250    PICK UP    1FTBF2B6BEB75487       N/A

M156

   2006    TOYOTA    7FGU15    FORKLIFT    66539    N/A   

M157

   2002    FORD    E450    BOX    1FDXE45S42HA04943       159866

M159

   1995    FORD    E350    VAN    1FTJE34H8SHB94126       107991

M160

   1989    INTHR    S1954    TANK    1HTLDTVNOKH633967    11062   
Reading Roster - Surplus

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1644

   1984    GMC    FORWARD    2500/A    J8DM7AIN8E3101076    11342   

X1668

   1976    WHITE    EXPI    3000/A    IAGDGSL845778    11040   

X1674

   1982    FORD    C-8000    3400/A    1FDYD8OUOCVA20048    11091   

X1682

   1987    VOLVO    FE-615    3100/A    YB3U6A3AOHB405553    11050   

XS353

   2003    FORD    E250    VAN    1FTNE24293HB26135       168719


S. Plainfield Roster - Tank

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A / S

  

VIN #

  

FAS #

  

Lease #

1101

   1987    FORD    LN8000    2700A    1FDXR82A1HVA61263    9982   

1104

   1985    FORD    LN8000    3500/A    1FDXR8OUXFVA70800    18054   

1107

   1988    GMC    TOP KICK    3100 /A    1GDM7D1Y6JV504853    10344   

1110

   1980    FORD    LN8000    3000/A    R80UVJJ5366    11922   

1111

   2006    FRGHT    M21    3600/A    1FVFCYDC86HW39147       212692
S. Plainfield Roster - Service

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

  

FAS #

  

Lease #

S902

   2001    FORD    E250    VAN    1FTNE24231HB14799       153656

S903

   2001    FORD    E250    VAN    1FTNE24261HB14800       153657

S908

   2001    FORD    E250    VAN    1FTNE24251HB14805       153662

S910

   2002    FORD    E250    VAN    1FTNE24252HB60880       164905

S911

   2002    FORD    E250    VAN    1FTNE24282HB60890       164903

S912

   2003    FORD    E250    VAN    1FTNE24273HB26117       168698

S913

   2003    FORD    E250    VAN    1FTNE24293HB26118       168699

S915

   2003    FORD    E250    VAN    1FTNE24273HB26120       168702

S916

   2003    FORD    E250    VAN    1FTNE24293HB26121       168703

S917

   2010    FORD    E250    VAN    1FTNE2EW4ADA72782       N/A

S918

   2003    FORD    E250    VAN    1FTNE24223HB26123       168705

S919

   2003    FORD    E250    VAN    1FTNE24243HB26124       168706

S920

   2003    FORD    E250    VAN    1FTNE24263HB26125       168707

S922

   2003    FORD    E250    VAN    1FTNE242X3HB26127       168709

S924

   2003    FORD    E250    VAN    1FTNE24233HB26129       168711

S925

   2003    FORD    E250    VAN    1FTNE242X3HB26130       168712

S927

   2006    FORD    E250    VAN    1FTNE24W66DA97109       495635

S931

   2008    FORD    E250    VAN    1FTNE24W28DA15332       500431

S932

   2008    FORD    E250    VAN    1FTNE24W08DA15331       500430

S933

   2009    FORD    E250    VAN    1FTNE24W69DA72960       N/A

S934

   2009    FORD    E250    VAN    1FTNE24W39DA72964       N/A

S935

   2009    FORD    E250    VAN    1FTNE24WX9DA72962       N/A

S936

   2009    FORD    E250    VAN    1FTNE24W79DA72966       N/A

S937

   2009    FORD    E250    VAN    1FTNE24WX9DA72959       N/A

S938

   2009    FORD    E250    VAN    1FTNE24W89DA72961       N/A

S939

   2010    FORD    E250    VAN    1FTSE2EW8ADA72784       N/A

S940

   2010    FORD    E250    VAN    1FTNE2EW8ADA72783       N/A

S941

   2010    FORD    E250    VAN    1FTNE2EW2ADA72778       N/A

S943

   2005    FORD    E250    VAN    1FTNE24W05HB22626       196024

S944

   2005    FORD    E250    VAN    1FTNE24W45HB22631       196029

S947

   2005    FORD    E250    VAN    1FTNE24W25HB22630       196028

S948

   2005    FORD    E250    VAN    1FTNE24W85HB22633       196031

S970

   2005    FORD    E250    VAN    1FTNE24W95HB22625       196023

S973

   2005    FORD    E250    VAN    1FTNE24W65HB22632       196030

S975

   2005    FORD    E250    VAN    1FTNE24W45HB22628       196026


S978

   2005    FORD    E250    VAN    1FTNE24W25HB22627       196025

S981

   2003    FORD    E250    VAN    1FTNE24273HC06839       184687

S983

   2003    FORD    E250    VAN    1FTNE24253HB99941       184686

S999

   2001    FORD    E250    VAN    1FTNE242X1HB14797       153653
S. Plainfield Roster - Misc

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS #

  

Lease #

M51

   1971    YALE    G1C40    FORKLIFT    203254    N/A   

M52

   2008    FORD    E450    UTIL    1FDXE45S68DA14423       499814

M53

   1995    FORD    E350    VAN    1FTJE34Y5SHB94133       107999

M55

   2003    FORD    E250    VAN    1FTNE24213HB26128       168710

M57

   2010    FORD    F450    RACK    1FDAF4HY6AEB05114       509029

M59

   2000    FORD    E250    VAN    1FTNE2425YHB22106       145425

M62

   2002    FORD    F450    UTILITY    1FDXF46F22EC65357       163703

M63

   2002    FORD    F450    UTILITY    1FDXF46F02EC51389       163704

M64

   2000    FORD    E250    VAN    1FTNE2429YHB22111       145430

M66

   2001    FORD    E250    VAN    1FTNE24211HB14798       153654

M304

   1973    FORD    C8000    OIL TRUCK    D804VS53726    10332   
S. Plainfield Roster - Surplus

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1108

   1980    FORD    C8000    3500 / A    D80UVHJ9555    10349   

X309

   1988    CHEVY    7000    2500/S    1GDL701B4JB500131    10362   

XK15

   1970    FORD    F700    2000/S    F70DUG31119    10359   

XM1100

   1988    GMC    7000    2700S    1GDM7D1BOJV526956    10333    JPM

XM54

   2000    FORD    E250    VAN    1FTNE2420YHB22112       145431

XM58

   1990    FORD    F350    RACK    1FDKF37H2LNB44723       48892

XM60

   1991    MITSCH    FUSO    UTILITY    JW6AGC1F8ML000739    10348    JPM

XM61

   2000    FORD    E250    VAN    1FTNE2427YHB22107       145426

XM65

   2003    FORD    E350    UTILITY    1FDWF37P43ED02939       172643

XM67

   2003    FORD    E250    VAN    1FTNE24203HB26122       168704

XM70

   1994    FORD    E350    VAN    1FTJE34Y6RHA81270       60732

XS904

   2001    FORD    E250    VAN    1FTNE24281HB14801       153658

XS905

   2001    FORD    E250    VAN    1FTNE242X1HB14802       153659

XS907

   2001    FORD    E250    VAN    1FTNE24231HB14804       153661

XS909

   2002    FORD    E250    VAN    1FTNE24232HB57766       164902

XS914

   2003    FORD    E250    VAN    1FTNE24203HB26119       168700

XS921

   2003    FORD    E250    VAN    1FTNE24283HB26126       168708

XS926

   2003    DODGE    RAM    VAN    2D7JB21Y73K511745    12029    JPM

XS929

   2001    DODGE    RAM    VAN    2B7JB21Y91K560887    12028    JPM

XS946

   2005    FORD    E250    VAN    1FTNE24W65HB22629       196027

XS963

   1996    FORD    E250    VAN    1FTJE34Y6THB48747       115303

XS976

   1996    FORD    E250    VAN    1FTHE24Y2THA40805    10342    JPM

XS977

   1992    FORD    E250    VAN    1FTHE24Y3NHA01748    10343   

XS979

   1995    FORD    ECO    VAN    1FTHE24H3SHC06790    10345    JPM


XS980

   2003    FORD    E250    VAN    1FTNE24263HB91475       184687

XS986

   2000    FORD    E250    VAN    1FTNE2424YHA36236       139733

XS988

   2000    FORD    E250    VAN    1FTNE2428YHA36238       139735

XS990

   2000    FORD    E250    VAN    1FTNE2429YHB22108       145427

XS998

   2001    FORD    E250    VAN    1FTNE24281HB14796       153652
Washington Roster - Tank

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A/S

  

VIN #

  

FAS #

  

Lease #

1800

   2008    FRGHT    M2-106    2400/A    1FVACXDJ88HZ68341       N/A

1801

   2008    FRGHT    M2-106    2600/A    1FVACXDJX8HZ68342       N/A

1802

   2010    FRGHT    M2-106    3300A    1FVACYBS4ADAR4300       N/A

1804

   1990    FORD    LN8000    2800/1/A    1FDXR82A1LVA10127    6568   

1805

   2009    FRGHT    M2106    3300/A    1FVACYDJ59HAF2464       N/A

1806

   1987    FORD    LN8000    2800/1/A    1FDXR80U5HVA63501    6570   

1808

   1986    FORD    LN8000    2800/1/A    1FDXR80U4GVA09752    6572   

1810

   2002    FRGHT    FL80    3400/A    1FVABXAK62HJ84974    18219   

1811

   2002    FRGHT    FL80    3300/A    1FVABXAK42HJ84987    18220   

1885

   1978    WHITE    EXP2    3600/1/A    3ARFGST009501    6489   

1891

   2005    INTHR    7400    3600/A    1HTWCAAR85J045776    18632   

1893

   2002    FRGHT    FL80    3000/A *2    1FVABXAK92HJ84984    18223   

1898

   1981    WHITE    EXP2    4400/2/A    XDCHAC6BN048149    6494   
Washington Roster - Service

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

VIN #

  

FAS #

  

Lease #

S500

   2008    FORD    E250    VAN    1FTNE24W68DA15334       500433

S501

   2008    FORD    E250    VAN    1FTNE24W88DA15335       500434

S502

   2008    FORD    E250    VAN    1FTNE24W18DA15337       500436

S503

   2008    FORD    E250    VAN    1FTNE24WX8DA15336       500435

S504

   2008    FORD    E250    VAN    1FTNE24W48DA15333       500432

S505

   2008    FORD    E250    VAN    1FTNE24W38DA15341       500440

S506

   2009    FORD    E250    VAN    1FTNE24WX9DA70578       N/A

S507

   2009    FORD    E250    VAN    1FTNE24W19DA70579       N/A

S541

   2005    FORD    E250    VAN    1FTNE24W05HB22643       196082

S542

   2005    FORD    E250    VAN    1FTNE24W75HB22638       196077

S543

   2005    FORD    E250    VAN    1FTNE24W55HB22640       196079

S544

   2006    FORD    E250    VAN    1FTNE24W36DA97116       495642

S545

   2006    FORD    E250    VAN    1FTNE24W56DA97117       495643
Washington Roster - Misc         

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS

#

  

Lease

#

M167

   1965    CLARKLIFT    C40H    FORKLIFT    C40H-127-670-LPO-765    N/A   


Washington Roster - Surplus

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

   FAS #   

Lease #

X1803    1981    INTL    1950    2600/S    1HTAA195XBHA13063    8696   
X1871    1989    VOLVO    FE615    2700/1/A    YB3U6A3A0KB427866    6538   
X1872    1983    VOLVO    F7    3300/1/A    YV5L07FA5DU019365    6539   
X1880    1989    VOLVO    FE615    2500/1/A    YB3U6A3A9KB432015    6495   
X1884    1985    INTHR    CO1850B    2700/1/A    2HTNFUXN1FCB10155    6491   
X1888    1984    INTHR    S1954    2700/1/A    1HTLDTVN5EHA59387    6529   
X1895    1975    WHITE    RX    4200/3/A    10GFPFG841496    6536   
XM186    1975    WHITE    RX2700    2800///S    1AGFDFG841499    6428   
XM194    1995    FORD    E350    VAN    1FTJE34H0SB94122       107987
XM199    1985    INTERNAT’L    CO1850B    2700/1A    2HTNFUXN5FCB10157    6490   
XS515    2000    FORD    E250    VAN    1FTNE2428YHB22083       145359
XS524    2000    FORD    E250    VAN    1FTNE2420YHA38646       139939
XS528    2000    FORD    E250    VAN    1FTNE2429YHA38645       139937
Hardy Roster - Service            

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

VIN #

   FAS   

Lease #

S002    2006    Ford    E250    Van    1FTNE24WX6DB16390    17393   
S004    2001    Ford    E250    Van    1FTNE242X1HA03134    17744   
S005    2001    Ford    E250    Van    1FTNE242X1HA09192    17743   
S007    2003    Ford    E250    Van    1FTNE242X3HA14413    17747   
S011    2002    Ford    E250    Van    1FTNE24242HA51021    17775   
S013    2006    Ford    E350    Box    1FDSE35L06HB01446    17763   
S016    2000    GMC    2500    Utility    1GDGC34R3YF474402    17754   
S017    2002    Ford    E250    Van    1FTNE24272HA42572    17781   
S018    2000    GMC    2500    Utility    1GDGC34R4YF476451    17755   
S019    2004    Ford    F250    Utility    1FTNE20L14ED72823    17759   
S020    2005    Chevrolet    1500    Utility    1GBHC24UX5E254932    17761   
S023    2005    Ford    E350    Box    1FDWE35L85HA87795    17760   
S025    2004    GMC    2500    Box    1GDJG31U341120079    17758   
S026    2009    FORD    E250    VAN    1FTNE24W89DA68148       N/A
S027    2009    FORD    E250    VAN    1FTNE24WX9DA68149       N/A
S028    2009    FORD    E250    Van    1FTNE24W49DA72973       N/A
S029    2009    FORD    E250    VAN    1FTNE24W29DA72972       N/A
S030    2004    Ford    E350    Box    1FDSE35L54HA96435    17757   
S031    2009    FORD    E250    VAN    1FDSE35L39DA57115       509031
S033    2005    Ford    E250    Van    1FTNE24W85HA69030    17783   
S034    2005    Ford    E250    Van    1FTNE24W75HA11376    17784   
S035    2005    Ford    F250    Utility    1FDNF20525EB87677    17762   
S036    2003    Ford    EC3    Van    1FTSE24F53HB34342    18881   
S037    2006    GMC    SAV    Van    1GTHG352861124840    18879   
S038    2006    GMC    SAV    Van    1GTHG352X61125052    18880   
S039    2006    CHEV    VAN    Van    1GCHG352461163599    18878   
S042    2005    Ford    E250    Van    1FTNE24W95HA86063    17750   
S052    2001    Ford    E250    Van    1FTNE24291HA91495    17746   


S062

   2002    Ford    E250    Van    1FTNE24292HA32674    17780   

S063

   2005    Ford    E250    Van    1FTNE24WX5HB46495    17785   

S064

   2003    Ford    E250    Van    1FTNE24213HA04434    17782   

S065

   2004    Ford    E250    Van    1FTNE24W24HA37480    17773   

S073

   1999    Ford    E250    Van    1FTNE2425XHB52737       140463

S074

   2000    Ford    E250    Van    1FTNE242XYHA36225       139715

S075

   2001    Ford    E250    Van    1FTNE24231HB22238       154054

S077

   2004    Ford    F250    Pick up    1FTNE21L44EB23284       177242

S089

   2006    Ford    E250    Van    1FTNE24W66HA60859    17751   
Hardy Roster - Misc            

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS #

  

Lease #

M102

   2010    FORD    TRAN-CON    VAN    NM0LS7ANXAT022207       N/A
Hardy Roster - Surplus         

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

XM100

   2000    FORD    E250    VAN    1FTNE2428YHA36224       139714

XS003

   2002    FORD    E250    VAN    1FTNE2427YHB05162    17742   

XS009

   2003    FORD    E250    VAN    1FTNE24213HB24881    17786   

XS010

   2000    CHEVROLET    1500    UTILITY    1GBGC24R2YF403694    17739   

XS014

   2003    FORD    E250    Van    1FTNE242X3HA75423    17774   

XS015

   2000    GMC    1500    UTILITY    1GDGC34RXYF476115    17772   

XS022

   2000    GMC    2500    UTILITY    1GDGC34R2YR229511    17756   

XS040

   1998    FORD    E250    VAN    1FTNE2429WHB07699    17770   

XS044

   1998    FORD    E250    VAN    1FDNE2421WHA01182    17769   

XS046

   2000    FORD    E250    VAN    1FTNE2425YHB14491    17778   

XS051

   2001    FORD    E250    VAN    1FTNE24271HA09232    17779   

XS070

   2004    FORD    E250    VAN    1FTNE24WX4HA02332    17748   

XS076

   2000    FORD    E250    VAN    1FTNE2429YHA37947       139696
Hardy Roster - Cars         

Fleet

  

Year

  

Make

  

Model

       

VIN #

  

FAS #

  

Lease #

C62

   2007    Ford    F150 P/U       1FTPW14547FB56591    17788   

C63

   2008    Dodge    Nitro       1D8GU58K68W153532       502109

C65

   2006    Ford    F150 P/U       1FTPX14V06WB05901    17787   
Hicksville Roster - Tank         

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A/S

  

VIN #

  

FAS #

  

Lease #

1400

   2003    INTER    7400    3500/A    1HTWCADR33J045130       171565

1402

   1997    INTER    4900    3600/A    1HTSHAARXVH459553    7535   

1403

   2009    FRGHT    M2    3400    1FVACYDJX9HAF2458       N/A


1404

   2010    FRGHT    M2    3400/A    1FVACYBS0ADAR4293       N/A

1405

   1994    INTER    4900    2800/A    1HTSDPPN7RH553057    7536   

1406

   2008    FRGHT    FL 80    3400/A    1FVFCYDJ78HZ05498       N/A

1410

   1989    MACK    R690T    3400/A    1M2N275C0KW008056    2981   

1411

   1988    FORD    L8000    3600/A    1FDYS80U9JVA53844    2879   

1414

   1989    FORD    L8000    3400/A    1FDYS82AXKVA19724    3073   

1417

   1987    MACK    DMRD    4700/A    1M2B126C1HA013912    7537   

1419

   1980    WHITE    ROAD EX    3400/A    3ARDLEL040830    3070   

1421

   1983    MACK    R606T    3400/A    1M2N132C9DA032291    3138   

1428

   1991    MACK    RB690S    3650/A    1M2AM20C8MM001874    3132   

1429

   1988    FORD    L8000    3400/A    1FDYS80U6JVA53848    6663   

1438

   1990    WHITE    WCS/GMC    4400/A    4V2ACBMD0LN626446    3113   

1439

   1982    MACK    MR606P    3000/A    1M2K119CXCM001318    2996   

1440

   1995    INTER    4900    2800/A    1HTSDAAN5SH629113    7642   

1445

   1989    MACK    R690T    3400/A    1M2N275C8KW008015    2884   

1446

   1989    MACK    R690T    3400/A    1M2N275CXKW008016    3145   

1453

   1989    WHITE    WCS/GMC    4400/A    4V2ACBMD3KN623779    3139   

1455

   1986    FORD    L8000    3400/A    1FDYR80U5FVA46165    3099   

1458

   1983    MACK    MR606P    3400/A    1M2K119C6DM001334    2980   

1459

   1989    MACK    R690T    3400/A    1M2N275C1KW008017    3012   

1460

   1995    INTER    4900    2800/A    1HTSDAAN6SH659656    7772   

1462

   1992    FORD    L8000    3400/A    1FDXS82AXNVA01854    7814   

1463

   1993    INTER    4900    2800/A    1HTSDPPN0PH487822    7812   

1465

   1995    INTER    4900    2800/A    1HTSDAAN9SH672479    7813   

1468

   1988    MACK    R685T    3400/A    1M2N166C1JA090516    2989   

1481

   2004    INTER    7600    5000/A    1HTWYAXT94J085304    18641   

1482

   2004    INTER    7600    5000/A    1HTWYAXT74J084457    18642   

1483

   2005    INTER    7600    5000/A    1HTWYSBT35J045797       192872

1496

   1980    MACK    MR606P    3600/A    MR606P1237    3121   
Hicksville Roster - Tractors         

Fleet #

  

Year

  

Make

  

Model

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1492

   1989    Ford    LNT9000    3    1FDYW90W3KVA48197    6684   
Hicksville Roster - Trailers         

Fleet #

  

Year

  

Make

  

Capacity

A / S

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1493

   1978    FRUHF    9200/A    2    UNZ596008    1598   
Hicksville Roster - Service         

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

  

FAS #

  

Lease #

S200

   2003    FORD    E/250    VAN    1FTNE24283HA04138       167750

S204

   2008    FORD    E250    VAN    1FTNE24W88DA15321       500420

S206

   2007    FORD    E/350    VAN    1FDSE35L47DB10837       500149


S208

   1999    FORD    E/250    VAN    1FTNE242XXHB52751       140464

S210

   2009    FORD    E/250    VAN    1FTNE24W39DA72978       N\A

S211

   2009    FORD    E/250    VAN    1FTNE24WX9DA70581       N\A

S212

   2009    FORD    E/250    VAN    1FTNE24W89DA70580       N\A

S213

   2009    FORD    E/250    VAN    1FTNE24W19DA72980       N\A

S214

   2009    FORD    E/250    VAN    1FTNE24W59DA72979       N\A

S215

   2008    FORD    E250    VAN    1FTNE24WX8DA15322       500421

S216

   2008    FORD    E250    VAN    1FTNE24W18DA15323       500422

S217

   2008    FORD    E250    VAN    1FTNE24W68DA15320       500419

S219

   2001    FORD    E/250    VAN    1FTNE24201HB14789       153640

S221

   2000    FORD    E/250    VAN    1FTNE2422YHB22127       145459

S224

   2000    FORD    E/250    VAN    1FTNE2426YHB22129       145461

S227

   2001    FORD    E/250    VAN    1FTNE24211HB22240       154056

S228

   2003    FORD    E/250    VAN    1FTNE242X3HB30761       168767

S232

   2001    FORD    E/250    VAN    1FTNE24291HB14788       153639

S233

   2000    FORD    E/250    VAN    1FTNE2425YHB22123       145455

S234

   2000    FORD    E/250    VAN    1FTNE2427YHB22124       145456

S235

   2001    FORD    E/250    VAN    1FTNE24271HB14790       153641

S238

   2003    FORD    E/250    VAN    1FTNE24213HB30762       168768

S241

   2010    FORD    E250    VAN    1FTNE2EW0ADA75470       N/A

S242

   2010    FORD    E250    VAN    1FTNE2EW2ADA75468       N/A

S243

   2010    FORD    E250    VAN    1FTNE2EW4ADA75469       N/A

S244

   2010    FORD    E250    VAN    1FTNE2EW2ADA75471       N/A

S245

   2010    FORD    E250    VAN    1FTNE2EW0ADA75467       N/A

S246

   2003    FORD    E/250    VAN    1FTNE24233HB26146       168770

S247

   2003    FORD    E/250    VAN    1FTNE24253HB30764       168771

S253

   2003    FORD    E/250    VAN    1FTNE24273HB30765       168773

S258

   2003    FORD    E/250    VAN    1FTNE24253HB26147       168774

S259

   2006    FORD    E/250    VAN    1FTNE24W06DA97087       495620

S260

   2006    FORD    E/250    VAN    1FTNE24W26DA97088       495621

S261

   2006    FORD    E/250    VAN    1FTNE24W46DA97089       495622

S262

   2006    FORD    E/250    VAN    1FTNE24W06DA97090       495623

S266

   2005    FORD    E/250    VAN    1FTNE24W05HB22612       196010

S267

   2005    FORD    E/250    VAN    1FTNE24W25HB22613       196011

S271

   2003    FORD    E/250    VAN    1FTNE24273HB26148       168775

S272

   2006    FORD    E/250    VAN    1FTNE24W26DA97091       495624

S275

   2003    FORD    E/250    VAN    1FTNE24293HB30766       168776

S277

   2003    FORD    E/250    VAN    1FTNE24203HB30767       168777

S278

   2003    FORD    E/250    VAN    1FTNE24223HB30768       168779

S282

   1996    FORD    E/350    VAN    1FTJE34YXTHB48766       115523

S293

   2003    FORD    E/250    VAN    1FTNE24203HB30770       168782
Hicksville Roster - Misc         

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS #

  

Lease #

M26

   2000    FORD    E250    VAN    1FTNE2424YHA36222       139712

M27

   1997    FORD    AEROSPT    MINIVAN    1FTDA14U2VZA73410       120526

M28

   2000    FORD    F250    PICK UP    1FDNF21LXYED12250       152036


M29

   1995    FORD    E/350    VAN    1FTJE34Y9SHA11171       100677

M31

   1989    CHEVROLET    C35    RACK    1GBHR34K3KJ103548       48714

M32

   1993    FORD    F250    PICKUP    2FTHF26HXPCB07117       55168

M41

   1977    MACK    MB607    3400/A    MB487P3230    2845   

M42

   1978    MACK    MB606    3400/A    MB606T1101    2763   

M45

   1965    ALLIS CHALMERS    FORKLIFT    ACC25LTS    ADA74342    N/A   
Hicksville Roster - Surplus            

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1436

   1985    WHITE    ROAD EXP    4400A    1WXDCHSD9FN103917    3092    JPM

X1444

   1978    MACK    R606T    3700/A    R606T1032    2998   

X1461

   1987    WHITE    EXP    3200A    1WXDAHMD9HN122912    7773    JPM

XM26

   1989    FORD    E350    VAN    1FTJE34H5KHC30547    3124   

XM30

   1969    ALLIS CHAMBERS    ACC50L-2    FORKLIFT    ACA73496    N/A   

XM44

   1989    FORD    E350    VAN    1FTHS34MXKHA19865    2925   

XS201

   2000    FORD    E250    VAN    1FTNE2422YHA36218       139708

XS205

   2000    FORD    E250    VAN    1FTNE2420YHA36220       139710

XS225

   2000    FORD    E250    VAN    1FTNE2422YHB22130       145462

XS230

   2000    FORD    E250    VAN    1FTNE2423YHB22122       145454

XS240

   2000    FORD    E250    VAN    1FTNE2429YHB22125       145457

XS249

   2003    FORD    E250    VAN    1FTNE24233HB19973       168772

XS287

   2003    FORD    E250    VAN    1FTNE24243HB30769       168781

XS297

   2003    FORD    E250    VAN    1FTNE24253HB19974       168783
Maspeth Roster - Tanks            

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A/S

  

VIN #

  

FAS #

  

Lease #

1100

   2004    INTHR    7600    5000/1/A    1HTWYAXT34J085301    18647   

1101

   1991    MACK    RB690S    3600 / S    1M2AM20C6MM001873    1197   

1102

   1991    MACK    RB690S    3600 / S    1M2AM20CXMM001875    965   

1103

   1991    MACK    RB690S    3600 / S    1M2AM20C1MM001876    2683   

1104

   1991    MACK    RB690S    3600 / S    2M2AM17CXMC001679    1244   

1105

   1990    MACK    RB690S    4600 / S    1M2P198CXLW006478    1117   

1106

   1989    MACK    RB690S    4600 / S    1M2P198C9KW003621    884   

1107

   1989    MACK    RB690S    4600 / S    1M2P198C0KW003622    885   

1108

   1989    MACK    R690T    3000 / S    1M2N275C9KW008251    1081   

1109

   1989    MACK    R690T    3000 /S    1M2N275C0KW008252    1082   

1110

   1989    MACK    R690T    3000 / S    1M2N275C4KW008013    1086   

1111

   1989    MACK    R690T    3000 / S    1M2N275C6KW008014    1087   

1112

   1988    MACK    RB690S    4400 / S    1M2P198C1JW003255    905   

1114

   1987    AUTOCAR    DS64B    4600 /S    1WBPCCMD9HU304096    1186   

1115

   1987    AUTOCAR    DS64B    4600 / S    1WBPCCMD7HU304095    1195   

1116

   1987    MACK    R686ST    5500 / S    1M2P138C6HA015406    1008   

1117

   1987    MACK    R686ST    4600 /S    1M2N178CXHA006206    1101   

1119

   1987    MACK    R686ST    4600/S    1M2N178C5HA006484    1189   

1120

   1991    WHITE    WX    3000/S    4V2DAFBD2MN641237    7764   


1121    1985    MACK    DM686S    4600/S    1M2B126C1FA011932    903   
1122    1985    MACK    RD686S    4400/S    1M2P137C8FA012019    932   
1123    1985    MACK    DM686S    4400/S    1M2B126C7FA010901    1182   
1124    2009    FRTLNR    M2-112    5000    1FVMC5CV09HAF1903       N/A
1125    1983    MACK    DM686SX    5400/S    1M2B128CXDA009204    1133   
1126    1983    MACK    DM686SX    5400/S    1M2B128C4DA009490    1155   
1127    2008    FRTLNR    M2-112    5000    1FVMC5CV38HZ38334       N/A
1128    1983    AUTOCAR    LTA10    4400/S    1WBKCCMD5DN059621    2678   
1129    1982    MACK    DM685X    3000/S    1M2B124C6CA051566    931   
1130    2009    FRTLNR    M2-112    5000    1FVMC5CV29HAF1904       N/A
1132    1979    MACK    R    3400A    R606T1073    18739   
1133    2010    FRTLNR    M2    4500    1FVHC5CV8ADA5181       N/A
1134    2010    FRTLNR    M2-112    5000    1FVHC5C6ADAR5180       N/A
1135    1991    MACK    MR690S    4400S    1M2K185C7MM003947    19101   
1136    1995    MACK    RD690S    4400S    1M2P264C1SM017610    19100   
1144    1979    MACK    DM685SX    4400/S    DM685SX42923    2653   
1153    2005    INTHR    7600    5000    1HTWYSBT05J045790       192863
1156    2005    INTHR    7600    5000    1HTWYSBT25J045791       192871
1159    2002    FRTLNR    FL80    3000/S    1FVABXAK12HJ84980    18228   
1160    2007    FRTLNR    M2-112    5000/A    1FVM5DE87HY19446       N/A
1161    2007    FRTLNR    M2-112    5000/A    1FVMC5DEX7HY19447       N/A
1162    2007    FRTLNR    M2-112    5000/A    1FVMC5DE17HY19448       N/A
1175    2002    FRTLNR    FL80    3000/S    1FVABXAK32HJ84981    18229   
1189    2002    FRTLNR    FL80    3000/S    1FVABXAK52HJ84982    18230   
1192    1980    AUTOCAR /    DC9364B    5500/S    QOPFTGH092117    1200   
1193    1987    AUTOCAR    NTL300    4400/S    1WBPCCJE7HU302392    1218   
1194    2005    INTHR    7600    5000    1HTWYSBT45J045792       192870
1196    1989    MACK    R690T    3000/S    1M2N275C7KW008040    1245   
1198    2005    INTHR    7600    5500    1HTWYSBT45J007527    18783   
1214    1984    MACK    MR685P    3000 /S    1M2K125C2EM006849    18396   
1215    1986    WHITE    EXP2    4400 /S    1WXDCHJEXGN113562    18399   
1216    1982    MACK    DM686SX    5400 /S    1M2B128C1CA008439    18417   
1217    1981    MACK    DM686SX    5400 /S    1M2B128C3BA007730    18416   
1225    1988    MACK    RD686S    4400 /S    1M2P138C8JA017065    18400   
1226    1987    WHITE    EXP2    5000 /S    1WXDCHJE3HN116109    18411   
1227    1987    WHITE    EXP2    5000 /S    1WXDCHJEXHN116110    18415   
1240    1984    AUTOC    CONV    5500 /S    1WBUCCJF3EU096253    18418   
1241    1988    MACK    RD686S    4400 /S    1M2P137C6JA017096    18401   
1244    1984    AUTOC    CONV    5500 /S    1WBUCCJE6EU096254    18419   
1288    1985    WHITE    EXP2    5500 /S    1WXDCHJE4FN071081    18420   
1289    1988    MACK    MR690S    4400 /S    1M2K175C9JM001879    18402   
1290    1983    AUTOC    CONV    4400 /S    1WBUCCJE3DU095321    18398   
1291    1988    MACK    MR690S    4400 /S    1M2K175CXJM001860    18403   
1293    1991    MACK    RD690S    4400 /S    1M2P198CXMM008471    18405   
1294    1990    MACK    RD690S    4400 /S    2M2P198C1LC006932    18404   
1295    1991    MACK    RD690S    4400 /S    1M2P198C8MM008470    18406   


Maspeth Roster - Service

        

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

  

FAS #

  

Lease #

S300    2008    FORD    E250    VAN    1FTNE24W8DA15318       500417
S301    2008    FORD    E250    VAN    1FTNE24W8DA15319       500418
S302    2009    FORD    E350    VAN    1FDSE5LX9DA72999       N/A
S307    2005    FORD    E250    VAN    1FTNE24W75HB22607       196005
S308    2005    FORD    E250    VAN    1FTNE24W95HB22608       196006
S310    2005    FORD    E250    VAN    1FTNE24W75HB22610       196008
S315    2009    FORD    E350    UTIL    1FDSE35L89DA62570       509030
S316    2010    FORD    E350    UTIL    1FDSE3FL3A13067       509032
S317    2010    FORD    E250    VAN    1FTNE2EW4ADA75472       N/A
S318    2010    FORD    E250    VAN    1FTNE2EWXADA75475       N/A
S319    2010    FORD    E250    VAN    1FTNE2EW6ADA75473       N/A
S320    2010    FORD    E250    VAN    1FTNE2EW8ADA75474       N/A
S323    1999    FORD    E250    VAN    1FTSE34L6XHC34302    19103   
S324    2009    FORD    E250    VAN    1FTNE24W49DA06987    19102   
S325    2002    FORD    E250    VAN    1FTNE24222HA58761       162327
S334    2006    FORD    E250    VAN    1FTNE24W26DA97107       495608
S335    2006    FORD    E250    VAN    1FTNE24W36DA97102       495603
S336    2006    FORD    E250    VAN    1FTNE24W56DA97103       495604
S337    2006    FORD    E250    VAN    1FTNE24W76DA97104       495605
S338    2006    FORD    E250    VAN    1FTNE24W96DA97105       495606
S339    2006    FORD    E250    VAN    1FTNE24W06DA97106       495607
S340    2006    FORD    E250    VAN    1FTNE24W46DA97108       495609
S351    2000    FORD    E250    VAN    1FTNE2427YHB22091       145393
S354    2003    FORD    E250    VAN    1FTNE24243HB16936       168727
S356    2003    FORD    E250    VAN    1FTNE24283HB16938       168729
S358    2003    FORD    E250    VAN    1FTNE24263HB16940       168731
S359    2003    FORD    E250    VAN    1FTNE24263HB26142       168732
S360    2003    FORD    E250    VAN    1FTNE24283HB26143       168734
S362    2003    FORD    E250    VAN    1FTNE24253HB16945       168744
S364    2003    FORD    E250    VAN    1FTNE24213HB16943       168741
S366    2003    FORD    E250    VAN    1FTNE24233HB16944       168743
S369    2000    FORD    E250    VAN    1FTNE2429YHB22089       145391
S377    2003    FORD    E250    VAN    1FTNE24293HB16947       168748
S380    2001    FORD    E250    VAN    1FTNR24291HB14791       153642
S381    2001    FORD    E250    VAN    1FTNE24201HB14792       153643
S382    2001    FORD    E250    VAN    1FTNE24221HB14793       153644
S383    2001    FORD    E250    VAN    1FTNE24241HB14794       153645
S389    2000    FORD    E250    VAN    1FTNE2423YHA38608       139778
S391    2000    FORD    E250    VAN    1FTNE2421YHA38610       139782
S392    2000    FORD    E250    VAN    1FTNE2423YHA38611       139785
S393    2000    FORD    E250    VAN    1FTNE2425YHA38612       139787
S398    2000    FORD    E250    VAN    1FTNE2424YHA38617       139793
S399    2000    FORD    E250    VAN    1FTNE2426YHA38618       139794
S401    2001    FORD    E250    VAN    1FTNE24221HB18293       153618
S402    2001    FORD    E250    VAN    1FTNE24281HB18296       153621
S403    2001    FORD    E250    VAN    1FTNE24291HB18288       153613


S406    2001    FORD    E250    VAN    1FTNE24201HB18289       153614
S407    2001    FORD    E250    VAN    1FTNE242X1HB18302       153627
S409    2001    FORD    E250    VAN    1FTNE24211HB18298       153623
S410    2001    FORD    E250    VAN    1FTNE24251HB18305       153630
S411    2001    FORD    E250    VAN    1FTNE24231HB18304       153629
S413    2001    FORD    E250    VAN    1FTNE24271HB18306       153631
S414    2001    FORD    E250    VAN    1FTNE24201HB18292       153617
S416    2001    FORD    E250    VAN    1FTNE24211HB18303       153628
S420    2001    FORD    E250    VAN    1FTNE242X1HB18297       153622
S424    2002    FORD    E250    VAN    1FTNE24242HB24503       163456
S425    2002    FORD    E250    VAN    1FTNE24272HB24513       163445
S435    2003    FORD    E250    VAN    1FTNE24203HB16948       168749
S436    2003    FORD    E250    VAN    1FTNE24223HB16949       168751
S437    2003    FORD    E250    VAN    1FTNE24293HB16950       168753
S438    2003    FORD    E250    VAN    1FTNE24223HB16952       168756
S439    2003    FORD    E250    VAN    1FTNE24243HB16953       168758
S440    2003    FORD    E250    VAN    1FTNE24203HB16951       168755
Maspeth Roster - Misc         

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M71    2003    FORD    E250    VAN    1FTNE24213HB26145       168737
M72    1999    FORD    E250    VAN    1FTNE2428XHB52523       140462
M73    2003    FORD    E250    VAN    1FTNE242X3HB16942       168739
M75    1987    DODGE    E250    PICK UP    1B7JW24T1HS445320    1202   
M76    1993    FORD    E250    PICK UP    1FTDF15Y6PNA90790    1203   
M78    1993    FORD    E350    VAN    1FTJE34H6PHB50343       55262
M80    1990    CHEV    C20    PICK UP    1GCGC24KOLE176390    19106   
M81    1995    FORD    F250    PICK UP    1FTHF26H3SLA04085       100248
M86    2002    NISSAN    60    FORKLIFT    FGJ02A30V    N/A   
M98    1974    MACK    R607T    3000/S    R607T5466    914   
M99    1974    MACK    R607T    3000/S    R607T5463    1024   
Maspeth Roster - Surplus         

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1036    1979    ALMAC    N/A    TRLR 6800    794103    18421    JPM
X1047    1985    ALMAC    N/A    TLRR/5100    2A9TA2M17F1001706    1032   
X1185    1979    MACK    MR685P    3000/S    MR685P1479    930   
X1208    1981    WILCO    N/A    TRLR/6500/S    T199    18422   
X1212    1978    WHITE    EXP2    5000 / S    3QRFTGF011858    18407   
X1229    1979    WHITE    EXP2    TANK/3000/S    3ARDGGD036087    18397   
X1242    1980    AUTOC    CONV    5400 / S    QOPFTGH092742    18414   
X1254    1982    WHITE    EXP2    5000 / S    1WXDCHJD2CN055058    18412    JPM
X1280    1977    AUTOC    CONV    5000/S    PSIFTGH079553    18413    JPM
XC46    1998    MERCURY    SABLE    STATION WAGON    1MEFM55U2WA605856       125240
XM77    2003    FORD    E250    VAN    1FTNE242X3HB26144       168735


XM101    2000    FORD    E250    VAN    1FTNE2429YHA38614       139790
XXS355    2003    FORD    E250    VAN    1FTNE24263HB16937       168728
XS309    2005    FORD    E250    VAN    1FTNE24W05HB22609       196007
XS311    2000    FORD    E250    VAN    1FTNE2425YHA36228       139718
XS312    2000    FORD    E250    VAN    1FTNE2421YHB22121       145453
XS314    2003    FORD    E250    VAN    1FTNE24233HB30763       168769
XS322    1995    FORD    E250    VAN    1FTJE34H8SHB71719      
XS345    2000    FORD    E250    VAN    1FTNE2425YHB22090       145392
XS367    2000    FORD    E250    VAN    1FTNE2429YHB22092       145394
XS376    2003    FORD    E250    VAN    1FTNE24273HB16946       168747
XS394    2000    FORD    E250    VAN    1FTNE2427YHA38613       139789
XS405    2001    FORD    E250    VAN    1FTNE24231HB18299       153624
XS412    2001    FORD    E250    VAN    1FTNE24241HB18294       153619
XS419    2001    FORD    E250    VAN    1FTNE24291HB18291       153616
XS421    2002    FORD    E250    VAN    1FTNE24252HA55787       162318
XS422    2002    FORD    E250    VAN    1FTNE24272HA77855       162322
Patterson Roster - Tank         

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A/S

  

VIN #

  

FAS #

  

Lease #

1350    1980    MACK    MR685S    5000A    MR6853076    17127   
1351    1980    MACK    MR685S    5000A    MR685S3098    1712818258   
1352    1984    INTER    S1900    2800A    1HTLDTVN2EHA63767    17117   
1354    1987    INTER    S1900    3000A    1HTLDTVM0HHA25345    17118   
1355    1977    WHITE    ROAD EXP    3400/A    3ARDSSL009497    2958   
1356    1988    INTER    S1900    3000?    1HTLDDBN7JH587420    17913   
1360    1979    MACK    MR606    3400A    MR606P1186    3000   
1361    1979    MACK    MR606    3400A    MR606P1048    3115   
1363    1993    INTER    4900    3000A    1HTSDPPN8PH478012    17119   
1364    1989    MACK    DM690SX    3300A    1M2B182C0KW005464    17129   
1365    1989    MACK    DM690SX    3300A    1M2B182C2KW005465    17130   
1371    1990    MACK    RD6    4500/S    2M2P198C2LC006034    18181   
1372    2006    FRGHT    M16    3100/A    1FVACY4DJ76HW41187    18179   
1373    2006    FRGHT    M11    4500/A    1FVHC5CV76HW41188    18178   
1374    2005    GMC    F8T    3600/A    1GDT8F43X5F505752    18180   
1390    1995    INTER    490    3000A    1HTSDAAN8SH656595    17122   
1391    1995    INTER    490    3000A    1HTSDAANXSH656601    17123   
1392    2002    INTER    440    3000A    1HTMKAAN32H526917    17124   
Patterson Roster - Service         

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

  

FAS #

  

Lease #

S106    1998    FORD    E250    VAN    1FTPE2429WHB70178    17134   
S107    1998    FORD    E250    VAN    1FTPE2425WHB70176    17135   
S109    2001    FORD    E250    VAN    1FTNE242X1HA28079    17137   
S110    2003    FORD    E250    VAN    1FTNE24263HA24016    17138   


S111

   2003    FORD    E250    VAN    1FTNE24283HA24017    17139   

S112

   2004    FORD    E250    VAN    1FTNE24W54HA14615    17140   

S113

   2004    FORD    E250    VAN    1FTNE24W74HA14616    17141   

S114

   2008    FORD    E250    VAN    1FTNE24W18DA25611       500453

S115

   2008    FORD    E250    VAN    1FTNE24W38DA25612       500633

S116

   2010    FORD    E250    VAN    1FTNE2EWXADA74357       N/A

S117

   2010    FORD    E250    VAN    1FTNE2EW8ADA74356       N/A

S122

   2006    FORD    E250    VAN    1FTNE24W26DB16156    18196/18686   

S124

   2006    FORD    E250    VAN    1FTNE24W64HA78356    18195/18685   

S125

   2007    FORD    E250    VAN    1FTNE24W27DA03356    18194/18684   

S126

   2003    FORD    E250    VAN    1FTNE24233HB87576    1820118691   

S127

   2001    FORD    E250    VAN    1FTNE24241HA21757    18204/18694   

S128

   2001    FORD    E250    VAN    1FTNE24261HA21758    18203/18693   

S129

   2004    GMC    G30    VAN    1GTHG35U141222896    18199/18689   

S130

   2003    FORD    E250    VAN    1FTNE242X3HB50900    18202/18692   
Patterson Roster - Misc         

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

Vin #

  

FAS #

  

Lease #

M91

   1968    INTER    NA    TANK    717211C322020    N/A   

M92

   2009    FORD    F250    PICK-UP    1FTNF21589EA90363    1744    N/A
Patterson Roster - Surplus         

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

   1979    MACK    MR685S    4400S    MR685S1947    17121   
   1998    FORD    E350    Van    1FTSE34F3WHA72136    18207/18697   
   1980    WHITE       3000S Tank    3ARD2GD036085    18681   

X1002

   1979    MACK    DM685    4500S    DM685SX44186    18189   

X1007

   1978    MACK    R611    4500S    R611T26962    18193   

X1008

   1990    MACK    RD6    4500S    2M2P198C4LC006035    18182   

X1009

   1985    MACK    DM685    3000S    1M2B124C4FA055233    18183   

XC11

   1992    FORD    ESCORT       3FAPP5J5NR132735    17142   

XM90

   1984    FORD       PICK UP    2FTHF26G2ECA75655    17131   

XS108

   2201    FORD    E250    VAN    1FTNE24221HA02284    17136   

XS121

   2001    FORD    E250    VAN    1FTNE24291HB19151    1820518695   

XS453

   2003    FORD    E250    VAN    1FTNE24213HC01314    18200   
Plainview Roster - Tank         

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A/ S

  

VIN #

  

FAS #

  

Lease #

1700

   1993    FORD    LS8000    3400/A    1FDYS82E8PVA14273    2195   

1702

   1995    FORD    LNT8000    4400/A    1FDYW82E2SVA33480    2197   

1703

   1994    FORD    LNT8000    4000/A    1FDYW82E0RVA16347    2198   

1704

   1997    FORD    LN8000    2800/A    1FDXR82EXVVA09368    7714   

1705

   1985    FORD    LN8000    2800/A    1FDXR80U0FVA03168    2199   


1708

   1986    FORD    LN8000    2800/A    1FDXR80U3GVA31144    2202   

1707

   1986    FORD    LN8000    2800 A    1FDXR80U7GVA03492    2201   

1709

   1986    FORD    LN8000    2800 A    1FDXR80U1GVA30736    2203   

1711

   1986    FORD    C8000    2800/A    1FDXD80U7GVA32084    1977   

1712

   2002    FRGHT    FL80    3300/A    1FVABXAK82HJ84975    18246   

1713

   2002    FRGHT    FL80    3400/A    1FVABXAK62HJ84988    18245   

1714

   2008    FRGHT    M2    3400/A    1FVFCYDJ98HZ05499       N/A

1715

   2009    FRGHT    M2    3300    1FVACYDJ19HAF2459       N/A

1717

   2009    FRGHT    M2    3300    1FVACYDJ89HAF2460       N/A

1719

   1984    INTER    S1900    3000A    1HTLDTVN7EHA24981    2107   

1720

   2010    FREIGHT    M2    3400    1FVACYBS2ADAR4294       N/A

1721

   2010    FREUGHT    M2    3300A    1FVACYBS4ADAR4295       N/A

1724

   2005    INTER    7600    5000/A    1HTWYSBT45J045789    18763   

1725

   2005    INTER    7600    5000/A    1HTWYSBT15J045796       192864

1727

   1987    MACK    R600    2800/A    1M2N165B0HA090297    7729   

1728

   1989    INTER    S1900    2800/A    1HTLDTVN5KH604531    7730   

1730

   1988    INTER    S1900    2800/A    1HTLDTVN5JH541252    7731   

1731

   1986    FORD    LN8000    2800/A    1FDXR80U9GVA03493    7716   

1732

   1990    FORD    LN8000    2800/A    1FDXR82A7LVA12769    7715   

1735

   1989    FORD    LN8000    2800/A    1FDXR82A3KVA23895    7802   

1736

   1993    FORD    LN8000    2700/A    1FDXR82E0PVA07485    7803   

1738

   1990    INTER    4954    2800/A    1HTSDZ4N8LH290410    7811   

1740

   1985    FORD    C8000    3400A    1FDYD80U3FVA66994    2054   

1746

   1978    FORD    LN8000    3200/A    R80DVAJ8675    2180   

1747

   1977    FORD    LN8000    3200A    R80DVY49565    1871   

1767

   1987    FORD    C8000    3200/A    1FDYD80U8HVA61924    1976   

1771

   1987    MACK    MR600    4700/A    1M3K131K2HT003958    1988   

1779

   1990    KNWRT    T400    4200/A    1NKBL59X9LJ545155    2030   

1784

   1986    FORD    F8000    2700A    1FDXK87U4GVA20602    2100   

1789

   1988    FORD    LN8000    2800/A    1FDXR82A9JVA16917    2127   

1790

   1989    MACK    RW600    4500/A    1M2AY04Y0KM005994    2133   
Plainview Roster - Service         

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

  

FAS #

  

Lease #

S802

   2001    FORD    E-250    Van    1FTNE24291HB18324       153722

S804

   2006    FORD    E-250    Van    1FTNE24WX6DA97095       495628

S806

   2000    FORD    E-250    Van    1FTNE2426YHA38621       139799

S807

   2003    FORD    E-250    Van    1FTNE24253HB19960       168736

S808

   2000    FORD    E-250    Van    1FTNE2428YHA38622       139802

S810

   2006    FORD    E-250    Van    1FTNE24W66DA97093       495626

S812

   2001    FORD    E-250    Van    1FTNE24241HB18327       153726

S813

   2006    FORD    E-250    Van    1FTNE24W86DA97094       495627

S815

   2006    FORD    E-250    Van    1FTNE24W16DA97096       495629

S818

   2000    FORD    E-250    Van    1FTNE2427YHA38627       139811

S819

   2003    FORD    E-250    Van    1FTNE24203HB19963       168745

S821

   2000    FORD    E-250    Van    1FTNE2429YHB22139       145471

S822

   2003    FORD    E-250    Van    1FTNE242X3HB19971       168765


S824

   2000    FORD    E250    Van    1FTNE2427YHB22141       145473

S825

   2005    FORD    E-250    Van    1FTNE24W65HB22615       196013

S826

   2005    FORD    E-250    Van    1FTNE24W85HB22616       196014

S827

   2005    FORD    E-250    Van    1FTNE24WX5HB22617       196015

S829

   2005    FORD    E-250    Van    1FTNE24W35HB22619       196017

S830

   2011    FORD    E350    Utility    1FDSE3FL3BDA26869      

S831

   2006    FORD    E-250    Van    1FTNE24W46DA97092       495625

S832

   2001    FORD    E-250    Van    1FTNE24281HB18329       153728

S834

   2003    FORD    E-250    Van    1FTNE24213HB19969       168762

S836

   2003    FORD    E-250    Van    1FTNE24293HB19962       168742

S837

   2003    FORD    E-250    Van    1FTNE24283HB16941       168733

S838

   2007    FORD    E-350    Van    1FDSE35L47DB13656       500150

S839

   2010    FORD    E250    Van    1FTNE2EW9ADA75466       N/A

S840

   2010    FORD    E250    Van    1FTNE2EW5ADA75464       N/A

S842

   2010    FORD    E250    Van    1FTNE2EW3ADA75463       N/A

S843

   2003    FORD    E250    VAN    1FTNE24233HB19964       168750

S844

   2003    FORD    E-250    Van    1FTNE24283HB19967       168760

S845

   2003    FORD    E-250    Van    1FTNE242X3HB16939       168730

S847

   2003    FORD    E-250    Van    1FTNE24263HB19966       168759

S848

   2003    FORD    E-250    Van    1FTNE24283HB19970       168764

S849

   2010    FORD    E250    Van    1FTNE2EW7ADA75465       N/A

S851

   2004    FORD    E-250    Van    1FTNE24W84HA06279       184028

S852

   2010    FORD    E350    UTILITY    1FDSE3FL1ADA13066       518026

S855

   2002    FORD    E-250    Van    1FTNE24222HA95681       163465

S858

   2003    FORD    E-250    Van    1FTNE24263HA08642       167751

S859

   2003    FORD    E-250    Van    1FTNE24203HB26105       168623

S862

   2008    FORD    E250    Van    1FTNE24W78DA15326       500425

S863

   2008    FORD    E250    Van    1FTNE24W98DA15327       500426

S864

   2007    FORD    E350    Van    1FDSE35L37DA88166       502522

S865

   2009    FORD    E-250    Van    1FTNE24W19DA72977       N/A

S866

   2009    FORD    E-350    CL Utility    1FDSE35L29DA72995       N/A

S867

   2009    FORD    E-350    CL Utility    1FDSE35L49DA72996       N/A

S877

   2000    FORD    E-250    Van    1FTNE24L1YHB21169       152280

S879

   2001    FORD    E-250    Van    1FTNE24261HA81314    8316   

S880

   2000    FORD    E-250    Van    1FTNE2422YHB56651    8318   

S881

   2010    FORD    E250    VAN    1FTNE2EW1ADA75462       N/A
Plainview Roster - Misc         

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

   Lease #

M02

      MITSUBISHI    FG20-LP    Forkligt    AF17A00695    N/A    24979766

M03

   2007    FORD    F250 4X4    Pick Up    1FTNF21597EA57644       495594

M04

   1980    MACK    MR600    Tank    MR611S1029    1889   

M05

   2000    FORD    E350    FAN    1FTSS34F9YHB95631    7808   

M06

   1976    FORD    LN8000    Tank    R80DVC37120    2106   

M09

   1987    CHEVY    C30    Utility    1GBJR34M5HJ168316       48590

M11

   1999    FORD    E250    VAN    1FTNE2421XHB31996    7728   

M12

   1988    FORD    RACK    Pick Up    1FTHF26HXJNA89008    2232   

M19

   1985    FORD    F350    Rack    2FTHF36G4FCA37240    7725   


Plainview Roster - Surplus               

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1701

   1979    FORD    LN8000    3400/A    R80DVDJ8905    2196   

X1710

   1989    INTER    S1900    2800/A    1HTLDTVNXKH643048    2204    JPM

X1716

   1986    MACK    MS300    TANK    VG6M112B2GB064599    12074   

X1726

   1986    FORD    C8000    3400 A    1FDYD80U0GVA47403    2053    JPM

X1733

   1979    MACK    MR400    3400/A    MR487P1146    7717   

X1734

   1986    INTER    S1900    4500/A    1HTLKTVR2GHA24544    7801    JPM

X1739

   1988    FORD    C8000    3400/A    1FDYD80UXJVA40837    2055   

X1741

   1987    FORD    C8000    3400/A    1FDYD80U3HVA49146    1948   

X1749

   1978    FORD    LN8000    3200/A    R80DVAJ8676    1874    JPM

X1750

   1980    FORD    C8000    TANK    D80UVGJ9720    2022   

X1788

   1979    FORD    LN8000    3000A    R80DVDG9525    1873   

X1793

   1976    FORD    LN8000    2800A    R80DVA35488    2129   

X1795

   1980    FORD    LN8000    TANK    R80UVJJ8630    2131   

XM90

   1987    INTHR    S1900    BOX    1HTLDTVN2HH474961    12076   

XS800

   2000    FORD    E250    VAN    1FTNE2420YHA38629       139813

XS803

   2001    FORD    E250    VAN    1FTNE24201HB18325       153723

XS805

   2003    FORD    E250    VAN    1FTNE242X3HB19968       168761

XS809

   2003    FORD    E250    VAN    1FTNE24213HB19972       168766

XS816

   2001    FORD    E250    VAN    1FTNE24261HB18328       153727

XS823

   2000    FORD    E250    VAN    1FTNE2425YHB22140       145472

XS828

   2005    FORD    E-250    VAN    1FTNE24W15HB22618       196016

XS841

   2003    FORD    E-250    VAN    1FTNE24273HB19961       168738

XS860

   2002    FORD    E250    VAN    1FTNE24202HB80258       165069

XS861

   2008    FORD    E250    VAN    1FTNE24W58DA15325       500424
Southampton Roster - Tank         

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A/S

  

VIN #

  

FAS #

  

Lease #

1301

   2000    INTER    4900DT466    2800A    1HTSDAAN4HY275433    17765   

1302

   2004    INTER    4400DT530    2800A    1HTMKAAN54H662761    17767   

1303

   1990    INTER    4600DT466    2800A    1HTSDZ7N4LH293834    17816   

1304

   1995    FORD    L8000    2800A    1FDXR82E4SVA35878    17817   

1306

   1999    Internat’l    4900    2700    1HTSDAAN9XH696434    18876   

1307

   2004    Peterbilt    PB330    2800    2NPNHD7X64M825356    18875   

1308

   1991    FORD    LS8000    3300A    1FDYS82A9MVA08359    19211   
Southampton Roster - Service         

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

VIN #

  

FAS #

  

Lease #

S001

   2007    Ford    E250    Van    1FTNE24W87DB41421    17768   

S071

   2006    Ford    E250    Van    1FTNE24W16HB34219    17395   


Southampton Roster - Surplus

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

   FAS #    Lease #

X1305

   1991    GMC    C7500    2800    1GDM7H1J4MJ504503    18877   
Yaphank Roster - Tank            

Fleet #

  

Year

  

Make

  

Model

  

Capacity A/S

  

VIN #

   FAS #    Lease #

1501

   2007    FRGHT    M2 106    3600/A    1FVFCYDJ57HY19377       N/A

1502

   2010    FRGHT    M2    3300A    1FVACYBS6ADAR4296       N/A

1503

   1990    WHITE    WX    5000/A    4V2DCFMD3LN629538    3205   

1504

   2011    INTHR    4300    2799    1HTMMAAN6BH382127       N/A

1505

   2005    INTHR    4300    2799    1HTMMAAN75H104082    19969   

1507

   1988    FORD    L8000    3800A    1FDXR80U4JVA05241    1683   

1508

   2000    GMC    TF7B    2800/A    1GDM7C1C5YJ501345    8625   

1510

   2009    FRGHT    M2-112    5000/A    1FVMC5CV99HAF1902       N/A

1511

   2004    INTHR    7600    5000/A    1HTWYAXT94J085268    18659   

1512

   1988    WHITE    EXPII    5000/A    4V2DCFBD9JN607575    17398   

1525

   1978    FORD    C8000    3200/A    D80DVAG8655    3185   

1527

   1990    VOLVO    FE6    2800/A    YB3U6A3AOLB444555    8621   

1528

   1992    CHEVY    KODIAK    2800/A    1GBM7H1J5NJ100846    8622   

1529

   1995    VOLVO    FE42    2800/A    4V52AEHD7SR474116    8623   

1534

   1988    MACK    R609S    4500/S    1M2N277Y8JW005526    1657   

1536

   1997    VOLVO    FE42    2800/A    4V52AEFD5VR476325    8624   

1537

   1990    WHITE    WCS    4400/A    4V2ACBMD4LN626448    3206   

1538

   1984    WHITE    WLC    4400/A    1WXDCHMD5EN059619    1498   

1539

   1990    FORD    L8000    2800/A    1FDXR82A5LVA36004    1688   

1540

   1993    FORD    L8000    2800/A    1FDXR82A0PVA00453    1691   

1541

   1991    MACK    CS300    2800/A    VG6BA03B3MB052649    1692   

1542

   1994    FRGHT    FL70    2800/A    1FV6HLBA5RL585524    1693   

1543

   1985    INTHR    1900    2800/A    1HTLDTVN2FHA23772    3202   

1544

   1990    FORD    L8000    2800/A    1FDXR82A7LVA04476    1689   

1545

   1988    FORD    C700    3500/A    9BFYH81A0JDM02750    1399   

1546

   1995    FRGHT    FL70    2800/A    1FV6HFBA9SL637471    1694   

1548

   1988    FORD    C8000    2800/A    1FDXD80U3JVA33479    1686   

1551

   1996    MACK    MS300P    2700/A    VG6M118BXTB301874    12255   

1562

   1990    INTHR    4900    4800/A    1HTSHZ3T3LH694865    7811   

1568

   1990    FORD    L8000    2800/A    1FDXR82A9LVA04477    1489   

1569

   1991    INTHR    4900    3000/A    1HTSDZ7N2MH343454    3195   

1576

   1998    INTHR    4900    2900/A    1HTSDAAN0WH536828    7446   

1577

   1997    INTHR    4900    2900/A    1HTSDAAN3VH443882    7447   

1578

   1996    INTHR    4900    2900/A    1HTSDAAN1TH280761    7448   

1579

   1994    INTHR    4900    2900/A    1HTSDPPN9RH544182    7449   

1580

   1989    FORD    C8000    3500/A    1FDYD80U6KVA06976    7450   

1581

   1987    INTHR    S1900    2900/A    1HTLDTVN5HH525658    7451   

1583

   2004    INTER    7600    5000/A    1HTWYAXTX4J085263    18660   


1584

   2004    INTER    7600      5000/A       1HTWYAXT14J085264    18661   

1585

   2005    INTHR    7600      5000/A       1HTWYSBTX5J045795       192869

1586

   2006    FRGHT    M2-106      3600/A       1FVFCYDC36HW39153       212698

1598

   1987    FORD    L8000      4500/A       1FDZW82A2HVA02661    7688   

1599

   1999    INTER    4600      2800/A       1HTSDAANXXH651101    17904   
Yaphank Roster - Service            

Fleet #

   Year    Make    Model    Body Type     

VIN #

   FAS #    Lease #

S602

   2007    FORD    E350      UTILITY       1FDS35L97DA61151       499640

S603

   2003    FORD    E250      VAN       1FTNE24243HB19965       168754

S604

   2001    FORD    E250      VAN       1FTNE24251HB34973       154623

S605

   2000    FORD    E250      VAN       1FTNE2424YHB22131       145463

S607

   2001    FORD    E250      VAN       1FTNE24231HB34972       154622

S608

   2001    FORD    E250      VAN       1FTNE24211HB14784       153635

S609

   2001    FORD    E250      VAN       1FTNE24211HB34971       154620

S613

   2006    FORD    E250      VAN       1FTNE24W56DA97098       495631

S614

   2006    FORD    E250      VAN       1FTNE24W76DA97099       495632

S615

   2006    FORD    E250      VAN       1FTNE24W36DA97097       495630

S616

   2006    FORD    E250      VAN       1FTNE24WX6DA97100       495633

S617

   2006    FORD    E250      VAN       1FTNE24W16DA97101       495634

S618

   2008    FORD    E250      VAN       1FTNE24W98DA15330       500429

S619

   2008    FORD    E250      VAN       1FTNE24W08DA15328       500427

S620

   2008    FORD    E250      VAN       1FTNE24W28DA15329       500428

S621

   2008    FORD    F450      UTILITY       1FDXF46R08EC98909       500505

S625

   2000    CHVRL    G2500      VAN       1GCGG25R8Y1151073    8636   

S626

   2010    FORD    E250      VAN       1FTNE2EW2ADA26545       509832

S627

   2010    FORD    E250      VAN       1FTNE2EWXADA14028       509831

S628

   2010    FORD    E250      VAN       1FTNE2EW8ADA75460       N/A

S630

   2010    FORD    E250      VAN       1FTNE2EWXADA72785       N/A

S632

   2003    FORD    E250      VAN       1FTNE24243HB19979       168789

S633

   2003    FORD    E250      VAN       1FTNE24203HB19980       168790

S634

   2003    FORD    E250      VAN       1FTNE24223HB19981       168791

S635

   2003    FORD    E250      VAN       1FTNE24243HB19982       168792

S636

   2003    FORD    E250      VAN       1FTNE24263HB19983       168793

S637

   2009    FORD    E250      VAN       1FTNE24WX9DA72976       N/A

S638

   2009    FORD    E250      VAN       1FTNE24W89DA76413       N/A

S639

   2009    FORD    E250      VAN       1FTNE24W89DA72975       N/A

S640

   2003    FORD    E250      VAN       1FTNE24283HB19984       168794

S642

   2003    FORD    E250      VAN       1FTNE24213HB19986       168796

S644

   2004    FORD    E350      UTILITY       1FDWE35L4HA98849       188262

S645

   2009    FORD    E250      VAN       1FTNE24W69DA72974       N/A

S646

   2009    FORD    E350      UTILITY       1FDSE35L09DA72994       N/A

S647

   2009    FORD    E350      UTILITY       1FDSE35L99DA72993       N/A

S653

   2000    FORD    E250      VAN       1FTNE242XYHB22134       145466

S654

   2000    FORD    E250      VAN       1FTNE2421YHB22135       145467

S656

   2000    FORD    E250      VAN       1FTNE2425YHB22137       145469

S659

   2003    FORD    E250      VAN       1FTNE24253HB19988       168798


S660

   2005    FORD    E250      VAN       1FTNE24WX5HB22620       196018

S661

   2005    FORD    E250      VAN       1FTNE24W15HB22621       196019

S663

   2003    FORD    E250      VAN       1FTNE24273HB19989       168799

S664

   2005    FORD    E250      VAN       1FTNE24W35HB22622       196020

S669

   2010    FORD    E250      VAN       1FTNE2EW1ADA72786       N/A

S670

   2010    FORD    E250      VAN       1FTNE2EW3ADA72787       N/A

S671

   2010    FORD    E250      VAN       1FTNE2EW5ADA72788       N/A

S672

   2010    FORD    E250      VAN       1FTNE2EWXADA75461       N/A

S697

   2000    FORD    E250      VAN       1FTNE2427YHA36215       139703
Yaphank Roster - Misc            

Fleet #

   Year    Make    Model    Body Type     

Vin #

   FAS #    Lease #

M51

   1992    FORD    F350      UTILITY       2FLDLF47MXNCB13638    8631   

M53

   1983    CHVRL    3500      RACK       1GBJC34M2DV118865    3306   

M54

   1995    GNC    2500      PICK UP       1FTFK24K9SE549038    18792   

M55

   2000    FORD    E250      VAN       1FTNE242XYHA38623       139803

M58

   2008    FORD    F250      PICKUP       1FTNF21528EC83056       500515

M59

   1999    FORD    E250      VAN       1FTNE2425XHB52771       140466

M60

   1992    FORD    E350      VAN       1FTJE34M3NHB62332    1703   

M61

   1985    MITSU    FG15      FORK LIFT       F256387    1468   

M62

   2011    FORD    F350      UTILITY       1FDRF3H62BEB59331       N/A

M67

   2000    FORD    E350      VAN       1FTSE34F5WHA33714    8761   

M71

   2001    FORD    RANGER      PICK-UP       1FTZR15E11TA02346       152279

M1511

   1977    MACK    MB607T      2800/A       MB607T5022    1410   

M1552

   1977    MACK    MB607T      2800/A       MB607T5024    1412   
Yaphank Roster - Surplus            

Fleet #

   Year    Make    Model    Body Type
Capacity  A/S
    

VIN #

   FAS #    Lease #

X1554

   1979    MACK    MR606P      3500/A       MR606P1043    1412    JPM

XM52

   1996    FORD    E250      VAN       1FTJE34Y4THB48777       115535

XM57

   1993    FORD    E350      VAN       1FTJE34H6PHB50312       55202

XM574

   1987    FORD    F700      TANK       1FDPF82K5HVA03903    1513   

XS612

   2003    FORD    E250      VAN       1FTNE24276HB19975       168784

XS623

   2003    FORD    E250      VAN       1FTNE24293HB19976       168785

XS629

   2003    FORD    E250      VAN       1FTNE24203HB19977       168786

XS631

   2003    FORD    E250      VAN       1FTNE24223HB19978       168788

XS643

   2003    FORD    E250      VAN       1FTNE24233HB19987       168797

XS655

   2000    FORD    E250      VAN       1FTNE2423YHB22136       145468

XS668

   2005    FORD    E250      VAN       1FTNE24W55HB226323       196021

XS686

   1999    FORD    E350      VAN       1FTSE34L8XHB24108       140544

XS690

   2000    FORD    E250      VAN       1FTNE2429YHA36216       139705

XS691

   2000    FORD    E250      VAN       1FTNE2428YHA36210       139698

XS692

   2000    FORD    E250      VAN       1FTNE2423YHA36213       139701


Boston Roster - Tank

 

Fleet #

   Year    Make    Model    Capacity A/S   

VIN #

   FAS #    Lease #

1109

   1989    SCANIA    113H    5500A    YS2PH4226K1143672    19119   

1113

   2004    FRGHT    CONDOR    5500A    1FVHCFS74RM79097    19114   

1150

   2002    FRGHT    FL80    3000A    1FVABXAK02HJ84968    18240   

1151

   2010    FRGHT    M<2    5000    1FVHC5CVXADAR5179       N/A

1152

   1998    FORD    L8500    2800-1A    1FDXN80F1WV14290    11403   

1153

   1997    FORD    LS8000    3000A    1FDYN80E4VVA39727    19894   

1154

   1979    WHITE    ROAD EXP    3600A    3ARFGST021521    19943   

1155

   1979    MACK    DM    4800A    DM685S43805    19958   

1156

   1995    INT    4900    3400A    1HTSDAAN5SH656781    20026   

1163

   2004    INTL    7600    5000-1A    1HTWYAXT64J085261    18633   

1164

   2004    INTL    7600    5000-1A    1HTWYAXT54J085302    18634   

1165

   2004    INTL    7600    5000-1A    1HTWYAXT44J085260    18635   

1166

   2004    INTL    7600    5000-1A    1HTWYAXT74J085267    18636   

1167

   2007    FRGHT    BCM2    3000-1a    1FVFCYDC97HY19349       N/A

1176

   1988    FORD    L8000    5000A    1FDYW82A5JVA42041    11467   

1178

   1989    MACK    RW-700    4600A    1M2AY10Y2KM004387    11469   

1179

   1978    WHITE    EXPEDITER    5000A    3QRFRGT014287    11470   

1181

   2003    INTL    7600    5000A    1HTWYAXT43J069462       168806

1182

   1988    FORD    L9000    2800A    1FDXR82AOJVA58683    11473   

1184

   1988    VOLVO    FE-6    2950A    YB3U6A3A8JB418069    11475   

1185

   1982    FORD    LN9000    3500A    1FDYR9OW2CVA19203    11476   

1186

   1982    WHITE    EXPEDITER    3400A    1WXDAHHD6CN052353    11493   

1187

   1988    SCANIA    112H    4600/2A    YS2PH4220J1129149    8535   

1192

   2003    INTL    7600    5000A    1HTWYAXT23J069461       168805

1195

   1990    WHITE    WX64    5000A    4V2DCFMD1LN629540    11504   

1198

   2005    INTL    7600    5000A    1HTWYSBT25J045788    18749   

1200

   2005    FRGHT    B-3    4200    1FVHCYDC95HU23685    17814   

1202

   1987    INTL    S195    30001/A    1HTLDTVN9HH499145    11388   

1203

   1990    INTL    4900    3000 1/A    1HTSDTVN3LH223404    11389   

1218

   1987    FORD    LN8000    2800 1/A    1FDXR80UXHV48928    11404   

1225

   1997    VOLVO    FE42    3400 1/A    4VM2AFD6VR476885    11419   

1228

   1987    FORD    C8000    3400 1/A    1FDYD80U1HVA46102    11422   

1230

   1987    FORD    LN8000    3000 1/A    1FDYR80U8HVA60600    11423   

1231

   2002    FRGHT    FL80    3000 1/A    1FVABXAK9HJ84967    18250   

1233

   2004    INTL    7600    5000 1/A    1HTWYAXT74J085303    18637   

1234

   2004    INTL    7600    5000 1/A    1HTWYAXT04J085305    18638   

1237

   2005    INTL    7600    5000A    1HTWYSBT05J045787    18748   

1238

   1995    WHITE    EXP    5500A    4V2DCFMEXSN689176    11465   

1255

   2004    INTER    BUS CLASS    3400A    1HTMKAAN14H664586    19115   

1256

   2005    FRGHT    B2    4400A    1FVHCYDC95HU21483    19116   

1258

   1987    SCANIA    112H    5500A    YS2PH4229H1122078    19117   


Boston Roster - Service

 

Fleet #

   Year    Make    Model    Body Type   

VIN #

   FAS #      Lease #

S100

   2009    FORD    E250    VAN    1FTNE24W09DA72985       N/A

S101

   2009    FORD    E250    VAN    1FTNE24W49DA72987       N/A

S102

   2009    FORD    E250    VAN    1FTNE24W29DA72986       N/A

S103

   2010    FORD    E250    VAN    1FTNE2EW6ADA754487       N/A

S104

   2010    FORD    E250    VAN    1FTNE2EW2ADA75485       N/A

S105

   2010    FORD    E250    VAN    1FTNE2EW0ADA75484       N/A

S108

   2010    FORD    E250    VAN    1FTNE2EW4ADA75486       N/A

S109

   2010    FORD    E250    VAN    1FTN2EW9ADA75483       N/A

S115

   2003    FORD    E250    VAN    1FTNE24203HB16920       168682

S116

   2003    FORD    E250    VAN    1FTNE24223HB16921       168683

S117

   2003    FORD    E250    VAN    1FTNE24243HB16922       168684

S120

   2003    FORD    E250    VAN    1FTNE242X3HB16925       168687

S121

   2003    FORD    E250    VAN    1FTNE24213HB16926       168688

S122

   2003    FORD    E250    VAN    1FTNE24233HB16927       168689

S127

   2003    FORD    E250    VAN    1FTNE24273HB16932       168694

S130

   2003    FORD    E250    VAN    1FTNE24223HB16935       168697

S131

   2005    FORD    E250    VAN    1FTNE24W85HB22664       196155

S132

   2005    FORD    E250    VAN    1FTNE24WX5HB22665       196156

S133

   2005    FORD    E250    VAN    1FTNE24W15HB22666       196157

S305

   1997    FORD    E250    VAN    1FTHE24L5VHB67984       127115

S319

   2000    FORD    E250    VAN    1FTNE2426YHB23796       145420

S321

   2001    FORD    E250    VAN    1FTNE24291HB14810       153696

S323

   2001    FORD    E250    VAN    1FTNE24221HB14812       153698

S324

   2001    FORD    E250    VAN    1FTNE24241HB14813       153700

S325

   2003    FORD    E250    VAN    1FTNE24283HB16910       168672

S326

   2003    FORD    E250    VAN    1FTNE242X3HB16911       168673

S327

   2003    FORD    E250    VAN    1FTNE24213HB16912       168674

S328

   2003    FORD    E250    VAN    1FTNE24233HB16913       168675

S329

   2003    FORD    E250    VAN    1FTNE24253HB16914       168676

S331

   2003    FORD    E250    VAN    1FTNE24293HB16916       168678

S332

   2003    FORD    E250    VAN    1FTNE24203HB16917       168679

S333

   2003    FORD    E250    VAN    1FTNE24223HB16918       168680

S334

   2003    FORD    E250    VAN    1FTNE24243HB16919       168681

S335

   2004    FORD    E250    VAN    1FTNE24W74HB12948       188405

S336

   2004    FORD    E250    VAN    1FTNE24W54HB12950       188406

S339

   2000    FORD    E250    VAN    1FTNE2421YHB23785       145409

S343

   2009    FORD    E250    VAN    1FTNE24W49DA72990       N/A

S344

   2009    FORD    E250    VAN    1FTNE24W89DA72989       N/A

S345

   2009    FORD    E250    VAN    1FTNE24W69DA72988       N/A

S375

   2005    FORD    E250    VAN    1FTNE24W35HB22667       196158

S376

   2005    FORD    E250    VAN    1FTNE24W55HB22668       196159

S377

   2005    FORD    E250    VAN    1FTNE24W75HB22669       196160

S378

   2005    FORD    E250    VAN    1FTNE24W35HB22670       196161

S380

   2003    FORD    E250    VAN    1FTNE24263HB16923       168685

S381

   2003    FORD    E250    VAN    1FTNE24253HB16931       168693

S382

   2001    FORD    E250    VAN    1FTNE24221HB18309       153693

S384

   2000    FORD    E250    VAN    1FTNE2425YHB23790       145414

S386

   2003    FORD    E250    VAN    1FTNE24273HB16915       168677

S389

   2000    FORD    E250    VAN    1FTNE2427YHB23788       145412

S390

   2003    FORD    E250    VAN    1FTNE24203HB16934       168696


Boston Roster - Misc

 

Fleet #

   Year    Make    Model    Body Type     

Vin #

   FAS #    Lease #

M03

   1988    GMC    BRIG      3100A       1GDM8C1Y6J600764    19118   

M04

   2000    FORD    E250      VAN       1FTNE2424YHB23795       145419

M06

   2009    FORD    E350      UTILITY       1FDSE35L69DA72997       N/A

M07

   2011    FORD    BOX      UTILITY       1FDSE3FLXBDA02214       N/A

M09

   2003    FORD    E35Y      BOX       1FDWE35L43HA26411       167704

M16

   1995    FORD    E350      VAN       1FTJE34HXSHA84775       107198

M18

   1990    HYSTR         FORKLIFT       B1D7526    N/A   

M25

   1999    FORD    E250      VAN       1FTNE2427XHB81009       139832

M26

   2000    FORD    F250      PICK UP       1FTNF21L4YEC97541       152030

M31

   2005    FORD         CUTVAN       1FDWE35L85HA46468       205308

M33

   2006    FORD    F450      RACK       1FDXF47P86EA03811       206674
Boston Roster - Surplus            

Fleet #

   Year    Make    Model    Body Type
Capacity A/S
    

VIN #

   FAS #    Lease #

X1175

   1978    WHITE    EXPEDITER      5000A       3QRFRGT014286    11466   

X1189

   1989    SCANIA    113H      3500A       YS2PH1229K1146564    11502   

X1196

   1983    GMC    BRIG      4400A       1GDT9C4Z8DV519752    11994   

X1210

   1978    WHITE    EXP II      5000 1/S       3QFRGT014290    11395   

X1236

   1979    FORD    LN8000      3000S       R909VFA8989    11997   

XM01

   1980    GMC    BRIG      2800A       T18CVAV573498    11996   

XM02

   1987    FORD    L8000      2700A       1FDXR80U0HV61445    11457   

XM05

   2000    FORD    E250      VAN       1FTNE2425YHB23789       145413

XM20

   1995    FORD    E350      CUBE       2FDKF37H6SCA37100       108399

XM22

   1988    FORD    E250      VAN       1FTFE24H9JHC20442       49051

XM27

   1998    FORD    E250      VAN       1FTPE2426WHA01879       127047

XM28

   1999    FORD    E250      VAN       1FTRE1421XHC27266    11405   

XM29

   1996    FORD    E350      VAN       1FTJE34Y6THB48733       115123

XM34

   1999    FORD    E250      VAN       1FTNE2423XHB81007       139829

XS106

   2000    FORD    E250      VAN       1FTNE242XYHB23784       145408

XS119

   2003    FORD    E250      VAN       1FTNE24283HB16924       168686

XS123

   2003    FORD    E250      VAN       1FTNE24253HB16928       168690

XS124

   2003    FORD    E250      VAN       1FTNE24273HB16929       168691

XS125

   2003    FORD    E250      VAN       1FTNE24233HB16930       168692

XS152

   2000    FORD    E250      VAN       1FTNE2425YHB23787       145411

XS153

   2000    FORD    E250      VAN       1FTNE2429YHB23808       145442

XS154

   2000    FORD    E250      VAN       1FTNE2429YHB23811       145445

XS155

   2000    FORD    E250      VAN       1FTNE2423YHB23786       145410

XS158

   2001    FORD    E250      VAN       1FTNE24291HB18310       153694

XS159

   2001    FORD    E250      VAN       1FTNE24221HB34977       154629

XS160

   2001    FORD    E250      VAN       1FTNE24201HB34976       154628


XS302

   1997    FORD    E250      VAN       1FTHE24L5VHA68971       127050

XS304

   1998    FORD    E250      VAN       1FTFE24L1VHA07429       127051

XS307

   1999    FORD    E250      VAN       1FTNE2421XHB81006       139828

XS311

   1999    FORD    E250      VAN       1FTNE2423XHB81010       139833

XS314

   2000    FORD    E250      VAN       1FTNE2427YHB23791       145415

XS315

   2000    FORD    E250      VAN       1FTNE2429YHB23792       145416

XS316

   2000    FORD    E250      VAN       1FTNE2420YHB23793       145417

XS320

   2000    FORD    E250      VAN       1FTNE2428YHB23797       145421

XS322

   2001    FORD    E250      VAN       1FTNE24201HB14811       153697

XS342

   1999    FORD    E250      VAN       1FTNE24L9XHC31997    11413   

XS391

   1996    FORD    E350      VAN       1FTJE34YOTHB36206       115120

XS392

   2003    FORD    E250      VAN       1FTNE24293HB16933       168695
Buckley Roster - Tank            

Fleet #

   Year    Make    Model    Capacity A/S     

VIN #

   FAS #    Lease #

1321

   1999    INTL    4900      2800A       1HTSDAAN3XH619106    18933   

1322

   2010    INTL    4300      2800A       1HTMMAAN7AH278549    18934   

1323

   2007    INTL    4300      2800A       1HTMMAAN27H410710    18935   

1324

   2003    INTL    4400      2800A       1HTMKAAN33H562852    18948   

1325

   2000    INTL    4900      2800A       1HTSDAAN7YH282022    18949   

1326

   2005    PTRBL    PB335      2800A       2NPLHZ7X25M858506    18950   

1327

   2001    INTL    4900      2800A       1HTSDAAN61H366936    18952   

1329

   1992    INTL    4900      2800A       1HTSDNUN6NH401368    18954   

1330

   1994    FRGHT    FL60      2800A       1FV6HF13A7RL719080    18955   

1331

   2005    PTRBL    PB335      2800S       2NPLHZ7X95M850001    18956   

1332

   1995    FORD    L8000      2800S       1FDXR82E9SVA18316    18957   

1333

   2009    INTL    4300      3000S       1HTMMAAN49H129981    18958   

1334

   2009    INTL    4300      2800A       1HTMMAAN09H105404    18951   

1335

   2010    INTL    4300      2800S       1HTMMAAN4BH382126       N/A

1336

   1997    FORD    LS8000      3000A       1FDYN80E6VVA39728    19893   

1337

   1991    FORD    LS8000      3300A       1FDYS82A7MVA08358    19892   

1338

   2011    INTL    4300      2799       1HTMMAAN9BH382123       N/A
Buckley Roster - Service            

Fleet #

   Year    Make    Model    Body Type     

VIN #

   FAS #    Lease #

S250

   2009    CHEV    G25      VAN       1GCGG25C691140747    18959   

S251

   2008    FORD    E250      VAN       1FTNE24W18DA71374    18961   

S252

   2004    CHEV    G31      CL utility       1GBJG31U641132817    18962   

S253

   2009    CHEV    G25      VAN       1GCGG25C891143701    18963   

S254

   2002    CHEV    G31      CL utility       1GBHG31R6Z1161743    18964   

S255

   2002    GMC    G25      VAN       1GTGG25W421168241    18966   

S256

   2002    GMC    G25      VAN       1GTGG25W921170082    18967   

S258

   2003    GMC    G25      VAN       1GTGG25VX31129940    18969   

S259

   2003    GMC    G25      VAN       1GTGG25V491114902    18970   

S260

   2003    GMC    G25      VAN       1GTGG25V831180417    18971   


S261

   2004    GMC    G15    VAN    1GTFG15T941107661    18972   

S262

   2001    FORD    E250    VAN    1FTNE24271HA26922    18973   

S263

   2005    CHEV    G25    VAN    1GCGG25V251101746    18974   

S264

   2003    GMC    G25    VAN    1GTGG25V831903120    18975   

S265

   2004    GMC    K34    OP utility    1GDHK34U94E357550    18976   

S266

   1999    CHEV    C24    OP utility    1GBGCZ4R1XF037595    18977   

S267

   2002    FORD    F21    OP utilty    1FTNF21L02ED97640    18978   

S269

   2000    FORD    E350    VAN    1FTSE34F5YHA94108    17180   
Buckley Roster - Misc            

Fleet #

   Year    Make    Model    Body Type   

Vin #

   FAS #    Lease #

M130

   2000    FORD    F150    Pick Up    1FTRX18L7YKA99438    18960   

M131

   2004    GMC    K24    Pick Up    1GTHK24U74EZ06723    18965   

M133

   1998    FORD    E350    VAN    1FTSE34F8WHA86047    17177   
Buckley Roster - Cars            

Fleet #

   Year    Make    Model        

VIN #

   FAS #    Lease #
   2008    CHEV    SILVERADO P-U       1GCEC14X68Z323177    18980   
   1999    FORD    TAURUS WAGON       1FAFP58S9XA122763    18979   
   1998    DODGE    CARAVAN       2B4FP25B4WR593658    18981   
Buckley Roster - Surplus            

Fleet #

   Year    Make    Model    Body Type
Capacity A/S
  

VIN #

   FAS #    Lease #

X1328

   1990    INTER    4900    3450A    1HTSDTVN7LH234518    18953   

XS257

   2002    CHEV    G25    VAN    1GCFG25R321177955    18968   
G & S Roster - Tank            

Fleet #

   Year    Make    Model    Capacity A/S   

VIN #

   FAS #    Lease #

1053

   2002    KENWORTH    T300    2800A    2NKMHD7XX2M888359    19161   

1057

   2006    KENWORTH    T300    2800A    2NKMHD7XX6M145836    19162   

1058

   1988    FORD    LN8000    2800A    1FDXR80U7JVA01636    19159   

1502

   2003    INTER    7400    3600/A    1HTWCADR93J069464       168787

1505

   1984    FORD    L8000    3000/A    1FDYR8OU3EVA53002    19140   

1506

   2008    FRGHT    M2-106    3000/A    1FVACYDJ38HZ05489       N/A

1507

   2009    FRGHT    M2-106    3300    1FVACYDJ89HAF2457       N/A

1512

   1986    FORD    L8000    2700/A    1FDXR0U3GVA28308    19151   

1521

   1995    INTHR    4900    2800/A    1HTSDAAN7SH666180    19141   

1522

   1997    INTHR    4900    2800/A    1HTSDAAN2VH467459    19142   

1523

   1987    FORD    L8000    3000/A    1FDXR8OU7HVA41192    19146/19168   


1525

   1991    FORD    L8000    3000/A    1FDYR82A8MVA05822    19148   

1526

   1999    PETERBILT    330    2800/A    3BPNHD7X9XF480110    19149   

1529

   1983    GMC    TJ8C04    2800S    1GDP8C1YXDV503486    19157   
G & S Roster - Tractor Trailer            

Fleet #

   Year    Make    Model    # Axles   

VIN #

   FAS #    Lease #

1548

   1993    KW    T8    3    1XKDDR9X5PJ610754    18883   

1549

   1993    HEIL    9200 A    2    1HLA3A7F6P7H57147    18884   
G & S Roster - Service            

Fleet #

   Year    Make    Model    Body Type   

VIN #

   FAS #    Lease #

S700

   2010    FORD    E350    VAN    1FTSE3EL6ADA85290       N/A

S701

   2011    FORD    E250    VAN    1FTNE2EW6BDA25433       N/A

S703

   1998    FORD    E350    VAN    1FTSE34FXWHB97182    19167   

S704

   2002    FORD    E250    VAN    1FTNE24LX2HA70729    19164   

S705

   2004    CHEV    ASTRO    VAN    1GCDL19X14B117577    19165   

S750

   2008    FORD    E250    VAN    1FTNE24W48DA15316       500415

S751

   2008    FORD    E250    VAN    1FTNE24W68DA15317       500416

S752

   2009    FORD    E250    VAN    1FTNE24W69DA70576       N/A

S753

   2009    FORD    E250    VAN    1FTNE24W49DA70575       N/A

S754

   2009    FORD    E250    VAN    1FTNE24W89DA70577       N/A

S755

   2010    FORD    E250    VAN    1FTNE2EW8ADA75488       N/A

S756

   2010    FORD    E250    VAN    1FTNE2EWXADA75489       N/A

S770

   2000    FORD    E250    VAN    1FTNE2422YHB23813       145452

S773

   2001    FORD    E250CV    VAN    IFTNE24291HB14824       153746

S774

   2001    FORD    E250CV    VAN    1FTNE24201HB14825       153748

S777

   1999    FORD    E250    VAN    1FTNE2422XHB77465       139796

S779

   2003    FORD    E250    VAN    1FTNE24233HB16880       168617

S780

   2003    FORD    E250    VAN    1FTNE24253HB16881       168618

S781

   2005    FORD    E250    VAN    1FTNE24W45HB22600       195994

S782

   2005    FORD    E250    VAN    1FTNE24W65HB22601       195995
G & S Roster - Misc            

Fleet #

   Year    Make    Model    Body Type   

Vin #

   FAS #    Lease #

M102

   2000    FORD    E450    BOX    1FDXE45S6YHB88985       153174

M103

   2002    FORD    E450    BOX    1FDXE45502HA45618       167365

M104

   1986    CHEVY    C30    RACK    1GBHC34M8GJ127791    19156   

M105

   2006    FORD    E350    BOX    1FDWE35L76HB19881       497232

M106

   1995    FORD    F250    UTILITY    1FTHF26H6SNA20544    19144   

M107

   1991    YALE    GLC    FORKLIFT    N512890    N/A   


M109

   1997    ISUZU    NPR    BOX    JALC4B1K6V7001826       161345

M113

   2000    MITSUBISHI    FE639    BOX    JW6AAE1H7YL004429    27924   

M115

   1998    FORD    E350    VAN    1FTSE34L1WHB21677    19152   

M116

   1997    FORD    F350    PICK UP    3FEHF36H3VMA49656    19163   
G & S Roster - Surplus            

Fleet #

   Year    Make    Model    Body Type
Capacity A/S
  

VIN #

   FAS #    Lease #

X1524

   1979    FORD    L8000    3100A    R80DVEJ8755    19147    JPM

XM114

   1995    FORD    E250    VAN    1FTNE24H5SHB43120    19145   

XS706

   1995    FORD    E350    VAN    1FTJE34FXSHC14942    19166   

XS758

   1999    FORD    E250    VAN    1FTNE2424XHB77466       139797

XS763

   1998    FORD    E250    VAN    1FTNS24L4WHB08504    19150   

XS771

   2001    FORD    E250    VAN    1FTNE24L21HA28988       153119

XS775

   2001    FORD    E250CV    VAN    1FTNE24271HB14823       153744
N. Haven Roster - Tank            

Fleet #

   Year    Make    Model    Capacity A/S   

VIN #

   FAS #    Lease #

1001

   1986    MACK    DM685S    5000D/A    2M2B126C2GC012393    9844   

1002

   2008    FRGHT    M2-106    3400/A    1FVFCYDJ58HZ05497       N/A

1003

   2002    FRGHT    FL80    3300/A    1FVABXAK22HJ84969    18233   

1004

   2009    FRGHT    M2106    3300    1FVACYDJ29HAF2454       N/A

1006

   1988    VOLVO    FE615    3000/A    YB3U6A3A4JB415543    9852   

1007

   2002    FRGHT    FL80    3300A    1FVABXAK22HJ84972    18236   

1008

   1989    VOLVO    FE615    3000/A    YB3U6A3A4KB427871    9853   

1011

   1999    INTER    4900    2600/A    1HTSDAA3XH644295    9895   

1012

   1993    FORD    LN8000    2700/A    1FDXR82EXPVA17408    9843   

1014

   1988    FORD    LN8000    2800/A    1FDXR82A7JVA25020    9845   

1016

   1979    WHITE    EXP11    3400/A    3ARFGGT036040    9846   

1025

   1977    FORD    LN8000    3000/A    R80DVY49575    9884   

1026

   1987    MACK    MS300P    3000/A    VG6M112B5HB065537    9861   

1036

   1990    FORD    LTS900    4400/A    1FDZY90W3LVA07391    9862   

1037

   2004    INTER    7600    5000/1/A    1HTWYAXT84J085262    18639   

1038

   2004    INTER    7600    5000/1/A    1HTWYAXT04J085269    18640   
N. Haven Roster - Service            

Fleet #

   Year    Make    Model    Body Type   

VIN #

   FAS #    Lease #

S053

   2005    FORD    E250    VAN    1FTNE24WX5HB22598       195978

S054

   2005    FORD    E250    VAN    1FTNE24W35HB22605       196003

S055

   2005    FORD    E250    VAN    1FTNE24W55HB22606       196004

S056

   2006    FORD    E250    VAN    1FTNE24W56DA97070       495596

S058

   2006    FORD    E250    VAN    1FTNE24W76DA97071       495597

S061

   2001    FORD    E250    VAN    1FTNE24231HB14821       153742


S062

   2008    FORD    E250    VAN    1FTNE24W18DA15273       500331

S063

   2009    FORD    E250    VAN    1FTNE24W39DA72981       N/A

S064

   2006    FORD    E250    VAN    1FTNE24W46DA97075       495601

S065

   2006    FORD    E250    VAN    1FTNE24W66DA97076       495602

S069

   1999    FORD    E250    VAN    1FTNE2425XHB77475       139821

S070

   2000    FORD    E250    VAN    1FTNE2421YHB23799       145423

S071

   2010    FORD    E250    VAN    1FTNE2EW5ADA75495       N/A

S072

   2010    FORD    E250    VAN    1FTNE2EW7ADA75496       N/A

S073

   2010    FORD    E250    VAN    1FTNE2EW9ADA75497       N/A

S074

   2010    FORD    E250    VAN    1FTNE2EWXADA75492       N/A

S086

   1999    FORD    E250    VAN    1FTNE2427XHB77476       139822

S092

   2003    FORD    E250    VAN    1FTNE24293HB16883       168631

S094

   2003    FORD    E250    VAN    1FTNE24223HB16885       168635

S095

   2003    FORD    E250    VAN    1FTNE24243HB16886       168636

S099

   2004    FORD    E250    VAN    1FTNE24W74HA03874       179002

N. Haven Roster - Misc

 

Fleet #

   Year    Make    Model    Body
Type
  

Vin #

   FAS #      Lease #

M41

   2000    FORD    E450    CUBE    1FDXE45S2YHB54929       153171

M42

   1979    HSTER    S50C    FORKLIFT    C2D5530M      N/A      

M43

   1985    INTER    S1954    2600A    1HTLDTVN3FHA41259      9892      

M44

   1994    FORD    E350    VAN    1FTJE34M84HA73023      9847      

M45

   2011    FORD    F250    PICK UP    1FTBF2B60BEB75486       N/A

M48

   1989    FORD    F350    RACK    2FDKF37H4KCB42167       48828

M49

   1998    FORD    E350    CUBE    1FDWE37L4WHC04464       140277

 

N. Haven Roster - Surplus

 

Fleet #

   Year    Make    Model    Body Type
Capacity A/S
  

VIN #

   FAS #      Lease
#

X1000

   1979    GMC    J8C042    2400D-S    C18CY9V147985      9848      

X1013

   1983    GMC    TJ8C04    2500S    1GDP8C1Y5DV503783      9851       JPM

X1015

   1988    MERCE    LP1419    2800/A    1MBZB79A6JN773657      9854      

X1017

   1976    FORD    C8000    3500/A    D80DVA35422      9882      

X1020

   1986    GMC    BRIG    3000A    1GDM8C1Y3GV500517      9858       JPM

X1021

   1989    FORD    C8000    3500/A    1FDYD80U4KVA07141      9880       JPM

X1024

   1987    MACK    MS300P    3000A    VG6M112B0H065476      9860       JPM

XC57

   2005    FORD    ESCAPE    SUV    1FMCU93135KA21524       187237

XS051

   2000    FORD    E250    VAN    1FTNE2422YHB23777       145384

XS052

   2000    FORD    E250    VAN    1FTNE2420YHB23776       145383

XS057

   1999    FORD    E250    VAN    1FRNE2428XHB81004       139826

XS059

   1999    FORD    E250    VAN    1FTNE2429XHB77477       139823

XS060

   2000    FORD    E250    VAN    1FTNE242WYHB23798       145422

XS076

   1999    FORD    E250    VAN    1FTNE2420XHB77478       139825

XS080

   2000    FORD    E250    VAN    1FTNE2424YHB23800       145424

XS090

   1999    FORD    E250    VAN    1FTNE2421XHB77473       139818

XS093

   2003    FORD    E250    VAN    1FTNE24203HB16884       168633

XS098

   2003    FORD    E250    VAN    1FTNE242X3HB16889       168642


Norwalk Roster - Tank

 

Fleet #

   Year    Make    Model    Capacity
A / S
  

VIN #

   FAS #    Lease #

1400

   2002    FRGHT    FL 80    3300A    1FVABXAK92HJ84970    18234   

1401

   2008    FRGHT    M2-106    3200A    1FVACYDJ18HZ05488       N/A

1402

   1999    INTR    4900    2800A    1HTSDAAN7XH647796    10089   

1403

   1986    INTER    S1954    2600A    1HTLDTVN5GHA15182    9893   

1404

   2010    FRGHT    MS2-106    3300A    1FVACYBS7ADAR4291       N/A

1405

   2010    FRGHT    MS106    3400a    1FVACYBS9ADAR4292       N/A

1406

   1985    INTER    S1954    2800A    1HTLH0000FHA35546    10028   

1410

   1995    FORD    LN8000    3500A    1FDXR82E35VAO8395    10091   

1411

   1998    FORD    LN8000    3600A    1FDXN80E0WVA39852    10090   

1416

   1988    FORD    LN8000    2700/A    1FDXR82AXJVA47450    9983   

1417

   1987    FORD    LN8000    2800A    1FDXR82AXHVA61262    9981   

1427

   1988    FORD    LN8000    3250A    1FDXR82AXJVAO5232    9990   

1428

   1988    FORD    LN8000    2850A    1FDXS8OU4JVA09939    9991   

1429

   1988    FORD    L8000    2500A    1FDXR82A3JVA47449    9984   

1450

   2002    FRGHT    FL 80    3300A    1FVABXAK02HJ84971    18235   

1452

   2002    FRGHT    FL 80    3000A    1FVABXAK42HJ84973    18237   

1457

   1981    MACK    R606T    3600A    1M2N121CXBA001320    9767   

1464

   1980    WHITE    EXP2    3500A    3ARFGST040021    9727   

1474

   1989    INTR    1900    2800A    1HTLDTVN5KH625282    9744   

1475

   1990    INTR    4900    3400A    1HTSHNHR7LH298573    9741   

1476

   1990    INTR    4900    3500A    1HTSHNHR3LH282712    9742   

1477

   1993    INTR    4900    3000A    1HTSDPPR7PH477985    9740   

1480

   1979    WHITE    EXP2    3000A    3ARDPST021538    9811   

1481

   1989    WHITE    EXPD2    2800A    4V2DAEAD3KN615917    9812   

1482

   2005    INTR    7600    5000A    1HTWYSBT75J045785    18545   

1483

   2005    INTR    7600    5000A    1HTWYSBT95J045786    18546   

1484

   2009    FRGHT    M2106    3300    1FVACYDJ69HAF2456       N/A

1485

   2009    FRGHT    M2106    3300    1FVACYDJ49HAF2455       N/A

 

Norwalk Roster - Service

 

           

Fleet #

   Year    Make    Model    Body
Type
  

VIN #

   FAS #    Lease #

S600

   2008    FORD    E250    VAN    1FTNE24WX8DA15305       500332

S601

   2008    FORD    D250    VAN    1FTNE24WX8DA15272       500330

S603

   2009    FORD    E250    VAN    1FTNE24W59DA72982       N/A

S604

   2009    FORD    E250    VAN    1FTNE24W79DA72983       N/A

S605

   2009    FORD    E250    VAN    1FTNE24W99DA72984       N/A

S608

   2000    FORD    E250    VAN    1FTNE2424YHB23781       145388

S609

   2000    FORD    E250    VAN    1FTNE2426YHB23782       145389

S612

   2001    FORD    E250    VAN    1FTNE24261HB14815       153736

S613

   2001    FORD    E250    VAN    1FTNE242X1HB14816       153737

S615

   2010    FORD    E250    VAN    1FTNE2EW6ADA75490       N/A


S616

   2010    FORD    E250    VAN    1FTNE2EW8ADA75491       N/A

S617

   2010    FORD    E250    VAN    1FTNE2EW1ADA75493       N/A

S618

   2010    FORD    E250    VAN    1FTNE2EW3ADA75494       N/A

S620

   2005    FORD    E250    VAN    1FTNE24W45HA28068       195287

S621

   2005    FORD    E250    VAN    1FTNE24W15HB22604       196002

S641

   1996    FORD    E250    VAN    1FTJE34HITHB58022       115140

S646

   2003    FORD    E250    VAN    1FTNE24233HB16877       168594

S648

   2003    FORD    E250    VAN    1FTNE24273HB16879       168596

S653

   2003    FORD    E250    VAN    1FTNE24213HB16876       168593

S658

   2004    FORD    E250    VAN    1FTNE24WX4HA01150       183593

S663

   1996    FORD    E350    VAN    1FTJE34H4THB36208       115146

S667

   2005    FORD    E250    VAN    1FTNE24W15HB22599       195979

S668

   2005    FORD    E250    VAN    1FTNE24W85HB22602       196000

S669

   2005    FORD    E250    VAN    1FTNE24WX5HB22603       196001

S671

   2006    FORD    E250    VAN    1FTNE24W96DA97072       495598

S674

   2006    FORD    E250    VAN    1FTNE24W06DA97073       495599

S677

   2006    FORD    E250    VAN    1FTNE24W26DA97074       495600

S679

   2005    FORD    E250    VAN    1FTNE24W45HA28071       195270

S694

   2000    FORD    E250    VAN    1FTNE2423YHB23805       145436

S696

   2000    FORD    E250    VAN    1FTNE2425YHB23806       145437

S698

   2000    FORD    E250    VAN    1FTNE2421YHB23804       145435

 

Norwalk Roster - Misc

 

        

Fleet #

   Year    Make    Model    Body
Type
  

Vin #

   FAS #    Lease #

M80

   1997    FORD    F350    PICK UP    3FTHF26H6VMA08327       117762

M81

   1999    FORD    E250    VAN    1FTNE2428ZHB77468       139804

M82

   2008    FORD    F150    PICK UP    1FTRX14W68FA57500       500713

M85

   1987    FORD    F800    2800A    1FDXT84A8HVA23186    10029   

M86

   2003    FORD    F450    RACK    1FDXF47S43EB40003       169193

M88

   1979    FORD    C8000    3200A    D80DVFE7408    9929   

M89

   1985    INTL    1954    2800A    1HTLDTVN7FHAA54158    9795   

M90

   1985    MITSUBSHI    FG20    FORKLIFT    F17-02069    N/A   

M95

   1997    FORD    F250    PICKUP    1FTHF26H7VEC12821       129376

 

Norwalk Roster - Surplus

 

        

Fleet #

   Year    Make    Model    Body Type
Capacity A/S
  

VIN #

   FAS #    Lease #

X1414

   1986    FORD    LN8000    2800A    1FDXR80UXGVA14289    4846   

X1426

   1986    FORD    LN8000    3450/A    1FDXR8OU1GVA61131    9989   

X1441

   1980    FORD    C8000    3200/A    D80UVGD9069    9930   

X1445

   1983    FORD    L8000    3600/A    1FDXR80U2DVA36038    9985   

X1456

   1978    MACK    R606T    3600/A    R606T1030    9703   

X1470

   1988    MACK    R690T    3300A    1M2N275COKW008042    9668   

XC68

   2002    FORD    ESCAPE    SUV    1FM404112KC48412       165780

XC78

   1995    CHEVY    CAPRICE    4 DR    1G1BL52W6SR115109    9825    JPM

XM84

   1988    CHEVY    C2500    PICK UP    1GCGC24K9KE123010       48943


XM87

   1997    FORD    F150    PICK UP    1FTDF182XVNB91772       117760

XM92

   1976    MACK    R607T    3000S    R607T5605    9702   

XM93

   1972    FORD    E250    VAN    F50BCP47280    9747   

XS614

   2000    FORD    E250    VAN    1FTNE2428YHB23783       145390

XS644

   1996    FORD    E250    VAN    1FTJE34H7THB58025       115143

XS647

   2003    FORD    E250    VAN    1FTNE24253HB16878       168595

XS650

   2001    FORD    E250    VAN    1FTNE24251HB14819       153740

XS651

   2001    FORD    E250    VAN    1FTNE2421HB34978       154631

XS659

   2003    FORD    E250    VAN    1FTNE24283HB16888       168640

XS660

   2004    FORD    E250    VAN    1FTNE24W34HA03855       183592

XS664

   1999    FORD    E250    VAN    1FTNE242XXHB77469       139807

XS672

   2000    FORD    250    VAN    1FTNE2422YHB23780       145387

XS673

   2003    FORD    E250    VAN    1FTNE24273HB16882       168629

XS676

   1993    FORD    E350    VAN    1FTJE34H2PHB59606       55271

XS690

   1999    FORD    E250    VAN    1FTNW2428XHB77471       139814

XS691

   2000    FORD    E250    VAN    1FTNE2428YHA02297       144466

XS692

   2000    FORD    E250    VAN    1FTNE2428YHB23802       145433

XS693

   2000    FORD    E250    VAN    1FTNE2427YHB23807       145438

XS695

   2000    FORD    E250    VAN    1FTNE2426YHB23801       145432

XS697

   2000    FORD    E250    VAN    1FTNE242XYHB23803       145434

XS699

   2001    FORD    E250    VAN    1FTNE24211HB14817       153738

 

Norwalk Roster - Cars

 

        

Fleet #

   Year    Make    Model    Capacity
A / S
  

VIN #

   FAS #    Lease #

C70

   2010    FORD
F150
   PICK
UP
      1FTFX1EV8AFD59935       518029

 

RI Roster - Tank

        

Fleet #

   Year    Make    Model    Capacity
A / S
  

VIN #

   FAS #    Lease #

1301

   1989    FORD    L8000    2800/A    1FDXR82A7KVA05397    11821   

1302

   1987    INTER    S1900    2800    1HTLDTVN8HH499587    19889   

1303

   1990    INTL    4900    2800A    1HTSDTVN1LH657000    12058   

1305

   1990    FORD    L8000    2800A    1FDYR82A4LVA44633    11823   

1314

   2003    INTL    7400    3600/A    1HTWCADR73J069463       168802

1315

   2003    INTL    7400    3600/A    1HTWCADR03J069465       168801

1320

   2003    INTL    7600    5000/A    IHTWYAXT03J069460       168807

1601

   1995    FRHT    FL70    2700/A    1FV6HLBA6SL708852    11628   

1602

   2009    FRGHT    MS-112    5000/A    1FVMC5CV69HAG6177       N/A

1604

   2010    FRGHT    MS-106    3300/A    1FVACYBS5ADAR4290       N/A

1612

   1993    GMC    8500    2850/A    1GDM7H1J9PJ503075    11536   

1617

   1995    FORD    LN8000    2700A    1FDXR82E9SVA48397    11539   

1618

   1990    INTL    4900    5000A    1HTSHZ3T8LH242197    11540   

1620

   1994    FORD    LN8000    2850A    1FDXR82E1RVA13668    11542   

1624

   1994    FORD    LN8000    2850A    1FDXR82EXRVA13670    11546   

1628

   1990    FORD    LN7000    2450A    1FDXR72P1LVA04116    11608   

1630

   1990    INTL    4900    2850A    1HTSDDBN2LH239555    11550   


1634

   1988    FORD    LN8000    2700A    1FDXR82A6JVA32945      11627      

1635

   1987    FORD    LN8000    2700A    1FDXR80U7HVA56498      11622      

1637

   1993    FORD    LN8000    2700A    1FDXR82E9PVA06366      11629      

1638

   1994    FORD    LN8000    3200A    1FDXR82E1RVA10771      11624      

1643

   1998    MACK    RD688S    2500/2500    1M2P267C4WM038811      11773      

1644

   1985    MACK    R686ST    2500/1500A    1M2N179Y7FA097359      11683      

1648

   1994    FRHT    FL70    2000/600A    1FV6HFAA7RL584586      11676      

1649

   1995    FORD    LN8000    2300/400A    1FDXR82E0SVA08418      11723      

1650

   1991    INTL    1954    3000A    1HTSDZ7N5MH348907      11559      

1652

   1998    PTRBL    330    3000A    3BPNHD7X2WF456309      11623      

1653

   1990    INTL    4300    2700A    1HTSDTVNOLH238586      11626      

1654

   1987    INTL    S1954    3000A    1HTLDTVN6HH509646      11560      

1657

   1989    INTL    S1954    2800A    1HTLDTVNXKH635581      11561      

1661

   1988    INTL    1954    3500A    1HTLDTVRXJH571740      11665      

1662

   1987    INTL    1954    3500A    1HTLDTVR6HHA15079      11664      

1663

   1984    INTL    S1900    2000/800A    1HTLDTVN1EHA68667      11759      

1664

   1998    FORD    LN8000    2800A    1FDXN80F3WVA14825      11716      

1665

   1997    FORD    LN8000    2800A    1FDXR82E7VVA22885      11673      

1666

   1997    MACK    CS300P    2700A    VG6BA09B3VB701567      11695      

1667

   1997    MACK    CS300P    2700A    VG6BA09BXVB701565      11696      

1668

   1997    MACK    CS300P    2700A    VG6BA09B7VB701569      11697      

1669

   1995    FRHT    FL70    2700A    1FV6HFBA9SL652326      11682      

1673

   1993    FORD    LN8000    2800A    1FDXR82E4PVA33975      11678      

1677

   1990    INTL    4900    2800    1HTSDTVN3LH250456      11569      

1681

   1991    INTL    4900    3000    1HTSDZ7N3MH331118      11573      

1683

   1995    VOLVO    FE42    3200A    4V52AFHD3SR475110      11575      

1685

   1992    FORD    LN8000    2800A    1FDXR82A8NVA02688      11680      

1690

   1989    INTL    S1900    2800A    1HTLDDBN9KH656531      11757      

1692

   1987    FORD    LN8000    2800A    1FDXR82A5HVA31294      11739      

1693

   1987    FORD    LN8000    2800A    1FDXR80UXHVA58746      11740      

1694

   1987    INTL    S1900    2800A    1HTLDTVN1HHA20283      11747      

1698

   1986    FORD    LN8000    2800A    1FDXR80W7GVA08207      11743      

1699

   1984    INTL    S1900    2800A    1HTLDTVNTEHA68673      11744      

1705

   1982    INTL    S1900    2800A    2HTAA1950CCA16790      11745      

1708

   2003    INTL    7600    5000A    1HTWYAXT23JO69458       168803

1709

   2003    INTL    7600    5000A    1HTWYAXT43J069459       168804

1711

   2002    KENWORTH    T300    3000A B    2NKMHY7XX2M884187      12674      

1712

   2002    KENWORTH    T300    3000A B    2NKMHY7X82M884186      12675      

1713

   2003    FRGHT    FL70    3000A B    1FVABTBV63HL09412      12676      

1714

   2003    FRGHT    FL70    2800A B    1FVABTBV83HL09413      12677      

1715

   1987    WHITE    WX42    3300    1WXDAHAC1HN123001      12090      

1718

   1993    FRGHT    FL70    3000A BL    1FV6HFAA3PL494168      12093      

1719

   1994    FRGHT    FL70    3000A B    1FV6HFAA0RL710139      12678      

1720

   1994    FRGHT    FL70    3000A BL    1FV6HFAA9RL710138      12094      

1721

   1994    FRGHT    FL70    3000A BL    1FV6HFAAXRL556412      12095      

1722

   1995    FRGHT    FL70    3000A B    1FV6HFAA1SL635246      12679      

1723

   1995    FORD    LN8000    3000A BL    1FDXR82E2SVA07769      12096      

1724

   1995    FORD    LN8000    3000A BL    1FDXR82E0SVA07768      12097      


1725

   1994    FORD    LN8000    2800A TL    1FDXR82E0RVA21986      12098      

1727

   1996    MACK    RD690    5000A BL    1M2P264CXTM019583      12102      

1729

   2000    FRGHT    FL70    3000A BL    1FV6HFBAXYHF06600      12106      

 

RI Roster - Tractor Trailer

 

        

Fleet #

   Year    Make    Model    Capacity
A / S
  

VIN #

   FAS #      Lease #

1771

   1989    MACK    R688ST       1M2N187Y3KW029047      11735      

1773

   1985    MACK    R686ST       1M2N179Y8FA001156      11734      

1775

   1990    FRHT    FLD120       1FUYDCYBLH376750      11767      

1776

   1990    PETER    375       1XPBDE9X2LN302261      17953      

1785

   1981    HEIL       11800A    1HLA3A7B0B7K51719      11726      

1786

   1980    FRUHF       11500A    UNT022402      11763      

1787

   1978    FRUHF       10900    UN2606704      11762      

1788

   1987    HEIL       9400A    1HLA3A7B3H7H53457      11764      

1790

   1985    HEIL       8500A    1HLA3A7BXF7G53045      11727      

1791

   1976    TRLMB       9250A    P40054      11761      

 

RI Roster - Service

 

        

Fleet #

   Year    Make    Model    Body Type   

VIN #

   FAS #      Lease #

S37

   2003    FORD    E250    VAN    1FTNE242X3HB16875       168592

S802

   1997    FORD    E350    VAN    1FDKE37F1VHB84746      11736      

S803

   2008    FORD    E250    VAN    1FTNE24W78DA14385       500403

S804

   2008    FORD    E250    VAN    1FTNE24W98DA14386       500404

S805

   2008    FORD    E250    VAN    1FTNE24W18DA15306       500405

S808

   2001    FORD    E250    VAN    1FTNE24L01HA26821      11715      

S812

   2001    FORD    E250    VAN    1FTNE24L51HA34462      11724      

S813

   2005    FORD    E250    VAN    1FTNE24W55HB22671       196162

S814

   2008    FORD    E250    VAN    1FTNE24W38DA15307       500406

S815

   2008    FORD    E250    VAN    1FTNE24W98DA15313       500412

S817

   2005    FORD    E250    VAN    1FTNE24W75HB22672       196163

S818

   2005    FORD    E250    VAN    1FTNE24W95HB22673       196164

S819

   2005    FORD    E250    VAN    1FTNE24W05HB22674       196165

S820

   2008    FORD    E250    VAN    1FTNE24W08DA15314       500413

S822

   2005    FORD    E250    VAN    1FTNE24W25HB22675       196166

S829

   2001    FORD    E250    VAN    1FTNE24261HB14828       153751

S831

   2005    FORD    E250    VAN    1FTNE24W45HB22676       196167

S832

   2005    FORD    E250    VAN    1FTNE24W65HB22677       196168

S838

   1999    FORD    E250    VAN    1FTNE2429XHB81027       139926

S839

   2010    FORD    E250    VAN    1FTNE2EW5ADA75478       N/A

S840

   2010    FORD    E250    VAN    1FTNE2EW3ADA75480       N/A

S841

   2010    FORD    E250    VAN    1FTNE2EW1ADA75476       N/A

S842

   2010    FORD    E250    VAN    1FTNE2EW3ADA75477       N/A

S843

   2010    FORD    E250    VAN    1FTNE2EW5ADA75481       N/A

S845

   2000    FORD    E250    VAN    1FTNE2425YHB23773       145347

S848

   2000    FORD    E250    VAN    1FTNE2429YHB23775       145349


S849

   2010    FORD    E250    VAN    1FTNE2EW7ADA75479       N/A

S850

   2010    FORD    E250    VAN    IFTNE2EW7ADA75482       N/A

S852

   2001    FORD    E250    VAN    1FTNE24281HB14829       153752

S854

   2005    FORD    E250    VAN    1FTNE24W85HB22678       196169

S855

   2005    FORD    E250    VAN    1FTNE24WX5HB22679       196170

S860

   2001    FORD    E250    VAN    1FTNE24291HB21059       155861

S864

   2001    FORD    E250    VAN    1FTNE24201HB18308       153692

S871

   2001    FORD    E250    VAN    1FTNE24211HB21072       155862

S872

   2001    FORD    E250    VAN    1FTNE24261HB14831       153773

S883

   2002    FORD    E350    VAN    1FTSE34LX2HB38214      12117      

S887

   2008    FORD    E250    VAN    1FTNE24W78DA15309       500408

S888

   2008    FORD    E250    VAN    1FTNE24W38DA15310       500409

S889

   2008    FORD    E250    VAN    1FTNE24W58DA15311       500410

S890

   2008    FORD    E250    VAN    1FTNE24W28DA15315       500414

S891

   2008    FORD    E250    VAN    1FTNE24W78DA15312       500411

S892

   2009    FORD    E350    UTILITY    1FDSE35L79DA72992       N/A

S893

   2009    FORD    E350    UTILITY    1FDSE35L59DA72991       N/A

S901

   2001    FORD    E250    VAN    1FTNE24L41HA34453      11703      

S902

   2001    FORD    E250    VAN    1FTNE24L41HA71731      11704      

S912

   1999    FORD    E250    VAN    1FTNE2428XHB81021       139919

S949

   2001    FORD    E250    VAN    1FTNE24241HB14827       153750

S970

   2003    FORD    E250    VAN    1FTNE24263HB16890       168647

S971

   2003    FORD    E250    VAN    1FTNE24283HB16891       168648

S972

   2003    FORD    E250    VAN    1FTNE242X3HB16892       168649

S973

   2003    FORD    E250    VAN    1FTNE24213HB16893       168650

S975

   2003    FORD    E250    VAN    1FTNE24253HB16895       168652

S976

   2003    FORD    E250    VAN    1FTNE24273HB16896       168654

S978

   2003    FORD    E250    VAN    1FTNE24203HB16898       168657

S980

   2003    FORD    E250    VAN    1FTNE24253HB16900       168659

S981

   2003    FORD    E250    VAN    1FTNE24273HB16901       168660

S982

   2003    FORD    E250    VAN    1FTNE24293HB16902       168661

S983

   2003    FORD    E250    VAN    1FTNE24203HB16903       168662

S984

   2003    FORD    E250    VAN    1FTNE24223HB16904       168663

S985

   2003    FORD    E250    VAN    1FTNE24243HB16905       168664

S986

   2003    FORD    E250    VAN    1FTNE24263HB16906       168665

S987

   2003    FORD    E250    VAN    1FTNE24283HB16907       168666

S989

   2003    FORD    E250    VAN    1FTNE24213HB16909       168668

S990

   2006    FORD    E250    VAN    1FTNE24W86DA97077       495610

S991

   2006    FORD    E250    VAN    1FTNE24WX6DA97078       495611

S992

   2006    FORD    E250    VAN    1FTNE24W16DA97079       495612

S994

   2006    FORD    E250    VAN    1FTNE24WX6DA97081       495614

S995

   2006    FORD    E250    VAN    1FTNE24W16DA97082       495615

S996

   2006    FORD    E250    VAN    1FTNE24W36DA97083       495616

S997

   2006    FORD    E250    VAN    1FTNE24W56DA97084       495617

S998

   2006    FORD    E250    VAN    1FTNE24W76DA97085       495618

S999

   2006    FORD    E250    VAN    1FTNE24W96DA97086       495619

S997

   2006    FORD    E250    VAN    1FTNE24W56DA97084       495617


RI Roster - Misc

 

              

Fleet #

   Year    Make    Model    Body
Type
  

Vin #

   FAS
Fas #
     Lease #

M31

   1997    CHEV    G30    CUBEVAN    1GBHG31R2V1080128      12104      

M32

   1991    FORD    F450    RACK    2FDLF47G2MCA25286      11828      

M33

   2004    FORD    E350    BOX    1FDWE35L74HA98852       188264

M34

   1981    Allis Chalmer       FORKLIFT    ACC30RSAMA74760      12112      

M36

   2001    FORD    E250    VAN    1FTNE24L81HB43983      12112      

M37

   2004    FORD    F250    PICKUP    1FTNF21L94EA54320       183788

M38

   2000    FORD    F350    PICKUP    1FTSF31LOYEC86254       148336

M39

   2009    FORD    F25    PICK UP    1FTNF21569EA90362       N/A

M40

   2009    FORD    E450    UTILITY    1FDXE45S09DA91192       509033

M42

   2010    FORD    F150    PICK UP    1FTEX1E81AFD47826       518026

M51

   2001    FORD    F150    PICKUP    1FTZF17291NA45669       154036

M52

   2002    FORD    F250    UTILITY    1FTNE20L22EC30929       162162

M54

   1999    FORD    E250    VAN    1FTNE2426XHB81020       139918

M55

   1999    FORD    E250    VAN    1FTNE2421XHB81023       139922

M63

   1990    FORD    F250    PICKUP    1FTHF26H4LNA47551      11752      

M64

   1995    FORD    F250    PICKUP    2FTHF25H5SCA72836      11712      

M66

   1994    DODGE    B150    VAN    2B7GB11X6RK151852      11674      

M70

   1977    CHEV    C130    UTILITY    CCL3371102488      11651      

M71

   1991    FORD    F350    BOX    1FDKF37HXMNA71196      11729      

M73

   1990    GMC    6000    BOOM    1GDG6D1B3LV505358      11797      

M76

   1996    FORD    F350    UTILITY    2FDKF37H7TCA60175       116186

M79

   1988    GMC    8500    3000A    4GDM8C1Y9JV702283      11557      

T-1

   NA    HOMEMADE    NA    NA    HMPETRO      N/A      

T-2

   NA    HOMEMADE    275    NA    HMPETRO      N/A      

 

RI Roster - Surplus

 

        

Fleet #

   Year    Make    Model    Body Type
Capacity A/S
  

VIN #

   FAS #      Lease #

X1614

   1990    FORD    LN8000    2850A    1FDXR82AXLVA12166      11537      

X1622

   1982    INTL    1954    2850A    1HTAA1951CHA21747      11544      

X1645

   1989    MACK    MR690S    3000/2500A    1M2K175C8KM001955      11685      

X1676

   1993    FORD    CF8000    2800    9BFXH81A0LDM01208      11568      

X1684

   1990    FORD    CF8000    2600/A    9BFXH81AXLDM01541      11576      

X1686

   1990    FORD    LN8000    2800A    1FDXR82A3LVA04152      11754      

X1688

   1989    MACK    CM422    2700A BL    1M2BV03Y1KM001442      11690      

X1691

   1988    FORD    CF8000    2800A    9BFXHB1A7JDM05026      11749      

X1697

   1986    FORD    LN8000    2800A    1FDXR80U3GVA51040      11741      

X1700

   1985    INTL    S1900    2800A    1HTLDTVN8FHA22755      11746      

X1702

   1985    FORD    C8000    2800A    1FDXD80U4FVA66689      11753      

X1728

   1998    MACK    MS300P    2700A BL    VG6M118B6WB302539      12103      

X1730

   1994    MACK    CS3009    2700A BL    VG6BA09B9RB700882      12107      

X1731

   1994    MACK    CS300P    2700A BL    VG6BA09B3RB700876      12108      

X1772

   1985    MACK    R686ST    TRACTOR    1M2N179Y1FA001063      11732      

X1774

   1985    MACK    R686ST    3 AXLE    1M2N179Y5FA001079      11733      


X1792

   1995    HM    275       HOMEMADE      11766      

XC26

   1998    GMC    JIMMY       1GKDT13W3W2514053      11772       JPM

XM30

   1996    FORD    E350    VAN    1FTJE34Y5THB36198       115109

XM41

   2003    FORD    E250    VAN    1FTSE34L33HA32799      12088       JPM

XM53

   2000    DODGE    RAM 1500    PICK UP    1B7HC16Y3YS625215      12600      

XM57

   1990    FORD    F250    PICK UP    1FTHF26H2LKB50811      11731      

XM59

   1985    CHEV    3500    STEPVAN    1GBFP32M9F3301496      12061      

XM65

   1992    GMC    G30    VAN    2GDGG31K4N4506111      11711      

XM67

   1998    FORD    E250    VAN    1FTPE2427WHB56795      11770      

XM68

   1990    CHEV    C250    PICKUP    1GCGK24K3LE109849      11604      

XM69

   1993    DODGE    DAKOTA    PICK UP    1B7FL26X7PS217626      11653      

XM72

   1988    FORD    F350    PICKUP    1FDHF37G9JKA66814      11750      

XM74

   1995    FORD    E350    VAN    1FTJE34Y2SHB94171       108055

XM75

   1996    FORD    E350    VAN    1FTJE34Y4THB36192       115103

XM78

   1996    FORD    E250    VAN    1FTHE24Y3THB35432      11692      

XS31

   1999    FORD    E250    VAN    1FTNE2424XHB81016       139842

XS32

   1999    FORD    E250    VAN    1FTNE2420XHB81014       139840

XS35

   2000    FORD    E250    VAN    1FTNE2427YHB23810       145444

XS36

   2001    FORD    E250    VAN    1FTNE24211HB14820       153741

XS809

   2001    FORD    E250    VAN    1FTNE24L21HA20437      11717      

XS810

   2001    FORD    E250    VAN    1FTNE24L51HA05043      11721       JPM

XS816

   1994    CHVRL    G20    VAN    1GCDG15Z8RF173169      11719      

XXS824

   2001    FORD    E250    VAN    1FTNE24241HB14830       153753

XS833

   1999    FORD    E250    VAN    1FTNE242XXHB1022       139920

XS835

   1999    FORD    E250    VAN    1FTNE2425XHB81025       139924

XS836

   1996    FORD    E350    VAN    1FTJE34Y0THA01257       109422

XS846

   1999    FORD    E250    VAN    1FTNE2423XHB81024       139923

XS851

   1996    FORD    E350    VAN    1FTJE34Y2THA01258       109423

XS858

   1996    FORD    E350    VAN    1FTJE34Y0THB36187       115098

XS859

   1999    DODGE    B150    VAN    2B7HB11X2XK539811      11658       JPM

XS861

   1998    FORD    E150    VAN    1FTRE1426WHC18934      11657      

XXS862

   1999    FORD    E250    VAN    1FTNE2425XHB81008       139830

XS863

   1999    FORD    E250    VAN    1FTNE2425XHB81011       139834

XXS867

   1999    FORD    E250    VAN    1FTNE24L9XHC00023      12598      

XS869

   2001    FORD    E250    VAN    1FTNE24201HB18311       153695

XS870

   1999    FORD    E250    VAN    1FTNE2429XHB81013       139836

XS882

   1998    FORD    E250    VAN    1FTPE24L8WHB21837      12116      

XS885

   1997    FORD    E250    VAN    1FTHE24L7VHB67985       127111

XS886

   2008    FORD    E250    VAN    1FTNE24W58DA15308       500407

XS909

   1997    FORD    E250    VAN    1FTHE2422VHA76646      11694      

XS914

   1999    DODGE    B250    VAN    2B7HB11Y7XK561182      11643      

XS915

   2000    FORD    E250    VAN    1FTNE2421YHB23771       145345

XS920

   1999    DODGE    B250    VAN    2B7KB31Z8XK507190      11667      

XS921

   2001    FORD    E250    VAN    1FTNE24221HB14826       153749

XS922

   1998    FORD    E250    VAN    1FTPE2423WHB56793      11769      

XS923

   1998    FORD    E250    VAN    1FTPE242XWHA71434      11785      

XS936

   1998    DODGE    B150    VAN    2B7HB11X0WK102047      11679      

XS940

   1996    FORD    E350    VAN    1FTJE34Y2THB36191       115102


XS943

   1997    FORD    E250    VAN    1FTHE24L1VHB67982       127112

XS944

   1999    FORD    E250    VAN    1FTNE242XXHB81019       139917

XS946

   1999    FORD    E250    VAN    1FTNE2422XHB81029       139928

XS948

   2000    FORD    E250    VAN    1FTNE2423YHB23772       145346

XS964

   1997    FORD    E250    VAN    1FTNE24L7VHB56209       127110

XS974

   2003    FORD    E250    VAN    1FTNE24233HB16894       168651

XS977

   2003    FORD    E250    VAN    1FTNE24293HB16897       168656

XS979

   2003    FORD    E250    VAN    1FTNE24223HB13899       168658

XS988

   2003    FORD    E250    VAN    1FTNE242X3HB16908       168667

XS993

   2006    FORD    E250    VAN    1FTNE24W86DA97080       495613

 

RI Roster - Cars

 

        

Fleet #

   Year    Make    Model    Capacity
A / S
  

VIN #

   FAS #      Lease #

C33

   2003    FORD    F250       1FTNF21L53EC74505       169605

 

Woods Roster - Tanks

 

        

Fleet #

   Year    Make    Model    Capacity
A / S
  

VIN #

   FAS #      Lease #

1551

   1995    FRHGT    FL70    2700    1FV6HLBA7SL686294      17156      

1553

   1998    FRGHT    FL70    2700    1FV6HLBA2WH915067      17158      

1561

   2000    FRGHT    FL70    2700    1FV6HJBAXYHA37835      17159      

1562

   2001    FRGHT    FL70    2700    1FVABTAK31HG48605      17160      

1563

   2002    FRGHT    FL70    2700    1FVABTAK62HK02334      17161      

1564

   2002    FRGHT    FL70    2700    1FVABTAK72HJ83342      17162      

1565

   2003    FRGHT    FL70    2800    1FVACXAK93HL69535      17163      

1566

   2003    FRGHT    FL70    2800    1FVABTAK43HK55227      17164      

1567

   2004    FRGHT    M2-106    2700    1FVACXDC14HN51865      17165      

1568

   2004    FRGHT    M2-106    2700    1FVACXDC34HN51866      17166      

1571

   1997    FRGHT    FL70    2700    1FV6HLBA9VH667415      17157      

1572

   1984    FORD    F-700    2200    1FDXF70H7EVA45342      17144      

1573

   1993    FRGHT    FL70    2700    1FV6HFAA8PL481674      17155      

1575

   2007    FRGHT    M2-106    2700    1FVACXDC87HY21906      17167      

1583

   1988    FORD    LN8    2700    1FDXR82A9JVA47455      17154      
Woods Roster - Service

Fleet #

   Year    Make    Model    Body
Type
  

VIN #

   FAS #      Lease #

S200

   2010    FORD    E350    VAN    1FTSE3EL0ADA85303       N/A

S210

   2010    FORD    E350    VAN    1FTSE3EL9ADA85302       N/A

S214

   2005    FORD    E350    VAN    1FDSE35LX5HA32800      17192      

S221

   2005    FRGHT    SPRINTER    VAN    WD2PD644355734868      17189      

S222

   2005    FRGHT    SPRINTER    VAN    WD2PD644855761127      17190      

S223

   2002    FRGHT    SPRINTER    VAN    WD2YD641525373407      17183      

S225

   2002    FRGHT    SPRINTER    VAN    WD2YD641425378341      17184      

S233

   2003    FRGHT    SPRINTER    VAN    WD2YD641835399355      17185      


S234

   2003    FRGHT    SPRINTER    VAN    WD2YD642735515783    17187   

S235

   2003    FRGHT    SPRINTER    VAN    WD2YD642X35522081    17186   

S241

   2006    FORD    E350    VAN    1FTSS34L66HA38058    17193   

S242

   2006    FORD    E350    VAN    1FDSE35L8L8HB01954    17194   

S243

   2004    FRGHT    SPRINTER    VAN    WD2PD643145605324    17188   

S244

   2006    FORD    E350    VAN    1FDSE35L06DB24295    17196   

S245

   2006    FORD    E350    VAN    1FDSE35L76DB28389    17197   

S246

   2005    FRGHT    SPRINTER    VAN    WD2PD644055761493    17191   

S247

   2006    FORD    E350    VAN    1FDSE35L16HB15324    17195   

 

Woods Roster - Misc

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

Vin #

  

FAS #

  

Lease #

M120

   1987    GMC    SIERRA    3500    1GDHR34KXHJ512694    17168   

M121

   1995    ISUZU    NPREF1    BOX    4KLB4B1A5SJ000573    17172   

M122

   1998    FORD    E250    VAN    1FTNE24L7WHB90350    17178   

M124

   2001    CHEV    BLAZER    SUV    1GNDT13W012199966    17198   

 

Woods Roster - Cars

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

  

FAS #

  

Lease #

C42

   2006    CHEVROLET    TRAILBLAZER       1GNDT13S262116039    17199   

 

Woods Roster - Surplus

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body
Type
Capacity
A/S

  

VIN #

  

FAS #

  

Lease #

XS202

   1994    FORD    E350    VAN    1FTJE34M2RHB01589    17170   

XS204

   1994    FORD    E350    VAN    1FTJE34MORHB07987    17171   

XS205

   1996    FORD    E350    VAN    1FTJE34F4THA42943    17173   

XS206

   1997    FORD    E350    VAN    1FTJE34F1VHA35774    17174   

XS207

   1997    FORD    E350    VAN    1FTJE34FXVHA35773    17175   

XS211

   1999    FORD    E350    VAN    1FTSE34F4XHA42211    17179   

 

Burk Roster - Tank

 

              

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A / S

  

VIN #

  

FAS #

  

Lease #

1700

   2000    Peterbilt    330    2800A    1NPNHD8X9YS528023    16968   

1701

   2000    Peterbilt    330    2800A    1NPNHD8X7YS528022    16967   

1702

   2007    Freightliner    M2-106    3600/1    1FVFCYDC47HY19355       N/A

1703

   2007    Mack    Granite -CTP    4500/1    1M2AT04C47M004924       N/A

1704

   2005    Internat’l    7400    3600A    1HTWCAARX5J007532    18774   

1705

   2005    Internat’l    7400    3600A    1HTWCAAR15J007533    18775   

1706

   2002    Kenworth    T300    2800A    2NKMHZ7X12M891907    17065   

1707

   2001    Kenworth    T300    2800A    2NKMHZ7XX1M876840    17066   

1708

   1995    Internat’l    4900    2800A    1HTSDAAN5SH679557    17067   


1709

   1989    Ford    LN8000    2800A    1FDXR82A1KVA45541    17068   

1713

   1990    Ford    LN8000    3000A    1FDXR82A6LVA02833    13991   

1714

   2008    Freightliner    M2106    3200/A    1FVACYDJ88HZ05505       N/A

1717

   1997    Ford    L9000    3000A    1FDYR90L5VVA17423    15834   

1718

   1998    Ford    LO8    2800A    1FDXN80F2WVA41160    13998   

1720

   2006    Freightliner    MB2-106    3600A    1FVFCYDC56HW39638    16803    212701

1721

   2006    Freightliner    MB2-106    3600A    1FVFCYDC76HW39639    16804    212702

1723

   1993    Mack    MS3    2800A    VG6M118B8PB300647    13996   

1727

   1988    Ford    L8000    3000A    1FDXR80U7HVA66934    13993   

1730

   2010    Freightliner    3300A    43120    1FVACYBSADAR4301       N/A

1731

   1994    Ford    L8000    2800A    1FDXR82E0RVA19056      

1732

   2005    Internat’l    7600    5000A    1HTWYSBT25J007526    18773   

1736

   2001    Peterbilt    330    3000A    2NPNHD8X21M558663    16814   

1737

   2001    Peterbilt    330    3000A    2NPNHD8X71M558626    16813   

1738

   2004    Peterbilt    330    3200A    2NPNHD8X54M810877    18288   

1739

   1997    Ford    L9T    4000A    1FDYS96T0VVA30883    13999   

1740

   1995    Ford    L9000    3200A    1FDYR90L0SVA83809    15833   

1744

   1999    Inter    4900    2800A    1HTSDAAN9XH661599    17047   

1745

   1990    Inter    4900    3200A    1HTSETVR4LH206773    17048   

1746

   1985    Inter    S1980    3000A    1HTLDTVN9FHA35305    17049   

1747

   1984    Inter    S1980    3000A    1HTLDTVN4EHA27966    17050   

1750

   1998    Peterbilt    330    2800A    3BPNHD7X3WF457811    16272   

1751

   1999    Peterbilt    330    2800A    3BPNHD7XXXF494338    17031   

1752

   1995    Volvo    VFE    2800A    4V52AEHD6SR474415    13970   

1767

   1995    Ford    L9000    2800A    1FDYR90L1SVA17415    13977   

1768

   1995    Ford    L9000    3000A    1FDYR90LXSVA17414    13978   

1769

   1994    Ford    L9000    3000A    1FDYR90L5RVA09585    13979   

1774

   1998    Internat’l    DT466    2800A    1HTSDAANXWH555368    17214   

1778

   2009    Freightliner    M2-106    3300/A    1FVACYDJ29HAF2471       N/A

 

Burke Roster - Service

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

  

FAS #

  

Lease #

S501

   2005    Ford    E350    Van    1FTSE34L15HB33813       196065

S502

   2005    Ford    E350    Van    1FTSE34L35HB33814       196066

S503

   2005    Ford    E350    Van    1FTSE34LX5HB33812       196064

S504

   2005    Ford    E350    Van    1FTSE34L85HB33811       196063

S505

   2005    Ford    E350    Van    1FTSE34L55HB33815       196067

S506

   2008    Ford    E350    Van    1FTSE34LX8DA10099       498904

S507

   2010    FORD    E350    VAN    1FTSE3EL1ADA85293       N/A

S508

   2010    FORD    E350    Van    1FTSE3ELXADA85292       N/A

S509

   2010    FORD    E350    Van    1FTSE3ELSADA85295       N/A

S510

   2010    FORD    E350    Van    1FTSE3EL3ADA85294       N/A

S511

   2010    FORD    E350    Van    1FTSE3EL8ADA85291       N/A

S517

   2009    Ford    E350    Van    1FTSE34L29DA68144       N/A

S518

   2009    Ford    E350    Van    1FTSE34L89DA69721       N/A

S519

   2009    Ford    E350    Van    1FTSE34L69DA68146       N/A

S520

   2009    Ford    E350    Van    1FTSE34L49DA68145       N/A


S521

   2009    Ford    E350    Van    1FTSE34L09DA68143       N/A

S522

   2009    Ford    E350    Van    1FTSE34L69DA69720       N/A

S523

   2003    Ford    E350    Van    1FTSE34L83HB06928    18289   

S528

   2003    Ford    E350    Van    1FTSE34L43HB06926    18290   

S529

   2003    Ford    E350    Van    1FTSE34L63HB06927    18291   

S530

   2001    Ford    E350    Van    1FTSE34L51HA22286    16773   

S531

   2004    FORD    UTIL    UTIL    1FDWF36L44EC48185       187831

S532

   2004    FORD    UTIL    UTIL    1FDWF36L64EC48186       187833

S540

   2007    Ford    E250    Van    1FTNE24W37DA02653       499831

S543

   2001    FORD    E350    VAN    1FTSE34L01HA22289    16776   

S553

   2003    GMC    2500    Van    1GTFH25T631138061    17070   

S554

   2002    GMC    3500    Van    1GTHG35R121184613    17071   

S555

   2000    GMC    2500    Van    1GTFG25M6Y1125314    17072   

S556

   1999    FORD    E250    VAN    1FTPE24L1XHB47648    17073   

S559

   2008    FORD    E350    Van    1FTSE34L68DA10097       498902

S560

   2008    FORD    E350    Van    1FTSE34L88DA10098       498903

S561

   2008    FORD    E350    Van    1FTSE34L28DA10100       498905

S580

   2004    Ford    E350    Van    1FTSE34L14HA87527       187828

S581

   2004    Ford    E350    Van    1FTSE34L34HA87528       187829

S582

   2004    Ford    E350    Van    1FTSE34L54HA87529       187826

S583

   2004    Ford    E350    Van    1FTSE34L14HA87530       187827

S584

   2004    Ford    E350    Van    1FTSE34L34HA87531       187830

S585

   2006    Ford    E350    Van    1FTSE34L76DA74033       495131

S586

   2006    Ford    E350    Van    1FTSE34L96DA74034       495132

S587

   2006    Ford    E350    Van    1FTSE34L06DA74035       495133

S589

   2006    Ford    E350    Van    1FTSE34L46DA74037       495136

S590

   2006    Ford    E350    Van    1FTSE34L66DA74038       495135

 

Burke Roster - Tractor

 

              

Fleet #

  

Year

  

Make

  

Model

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1780

   2005    Internat’l    7600    3    1HSWYSBR35J131149    18776   

1783

   1998    Peterbilt    378    3    1XPFDB0X0WN456842    16271   

1786

   2002    Peterbilt    357    3    1XPADB0X92D574415    unknown   

1787

   2002    Peterbilt    357    3    1XPADB0X42N574588    unknown   

1790

   2005    HEIL    A9200    2    5HTAB432257H68515    18810   

1793

   1993    Fruehauf    A9200    2+1    1H4T04337PL001101    14004   

1794

   1995    Fruehauf    A9200    2+1    4J8T04236ST009001    14005   

1797

   2002    Fruehauf    A9200    2+1    4J8T042382T003801    15712   

 

Burke Roster - Misc

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M700

   1999    Mitsubishi    Tank    DUMP TRK    JW6FFJ1E3XMOOO800    17002   

M702

   2006    Ford    F450    Box    1FDXF46YX6EA19681       209490

M704

   2005    ECONOLINE       TRAILER    42EDPKM2551000461    16715   

M705

   2001    Ford    F450    Box    1FDXF46F31EA31050    16799   


M707

   2006    Ford    F450    OP UTILITY    1FDXF46P36EA42551       210217

M708

   2006    Ford    F450    OP UTILITY    1FDWF375X6EB73625       495785

M709

   2006    Ford    F450    OP UTILITY    1FDWF37506EB51097       495704

M710

   1976    Clark    TW30B    FORKLIFT    TW2353843786FA478    N/A   

M711

   1980    Allis Chambers    ACC40LPS    FORKLIFT    AEJ127937    N/A   

M712

   2003    CAPE CRAFT    20’ CC    BOAT    MUS10633L203    15850   

M713

   2008    FORD    F550    UTILITY    1FDAF57R68EC88041       500452

M718

   2003    VENTURE    2003 TRAILER    BOAT TRL    47GRK19153B000312    15851   

M719

   1983    Bradco    Front BKHoe    BACK HOE    U192535    13726   

M723

   1999    Ford       OP UTILITY    1FDSF35F4XEB12959    17006   

M726

   1997    Ford    Utility    OP UTILITY    3FTHF36F7VMA08566    13732   

M727

   2004    Ford       OP UTILITY    1FDSF35L84EC48187       187832

M728

   2000    Kimatsu    wb 140    BACKHOE    F10280    13733   

M735

   2000    Mitsubishi    FE    BOX    JW6AAC1H2YL001121    17074   

M740

   2001    Peterbilt    330    2000S    2NPNHD8X41M558664    16815   

M743

   1995    Eager Beaver Trailer       TRAILER    112DPM277SL044578    13730   

M749

   2003    Pace America       UT TRAILER    40LUB16273P095561    16643   

 

C&S Roster - Tank

 

              

Fleet #

  

Year

  

Make

  

Model

  

Capacity A / S

  

VIN #

  

FAS #

  

Lease #

1000

   2002    Mack    4500A    2050/2425    1M3AM27K22M001102    17230   

1001

   1994    Marmon    4500A    2275/2225    1JUDEF185R1000040    17231   

1002

   2001    Intnat’l    2700A    1675/925    1HTSDAAN21H329656    17232   

1003

   2000    Intnat’l    2000A    1200/800    1HTSEAAN8YH254114    17233   

1004

   1995    Intnat’l    2700A    1725/800    1HTSDAAN75H651257    17234   

1005

   2005    Intnat’l    2700A    1900/900    1HTWCAAN55J050141    17235   

1006

   2002    Intnat’l    2700A    1275/975/600    1HTMMAAN22H505194    17236   

1007

   2004    Mack    4500A    2600/2000    1M3AM27K04M001103    17237   

1008

   1990    Intnat’l    2700A    1800/700    1HTSDTVN5LH690744    17238   

1009

   1990    Ford    2700S    800/1700    1FDXR82AXLVA05914    17239   

1010

   2007    Intnat’l    2700A    1900/900    1HTWCAAN27J428578    17240   

1011

   1997    Intnat’l    4900    2800    1HTSDAAN7VH446512    17241   

 

C&S Roster - Service

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

VIN #

  

FAS #

  

Lease #

S201

   2005    Ford    E-350    Van    1FTSS34L85HA84991    17246   

S202

   2002    Ford    E-150    Van    1FTRE14L92HA84617    17250   

S203

   2007    Ford    E-250    Van    1FTNE24L87DA04291    17243   

S205

   2006    Ford    E-250    Van    1FTNE24L66HA98856    17245   

S206

   2004    Ford    E-250    Van 4WD    1FTNE24L24HA10513    17258   

S207

   2004    Ford    E-250    Van 4WD    1FTNE24L44HA10514    17247   

S209

   1996    Ford    E-150    Van    1FTEE14H8THA56478    17256   

S210

   2007    Ford    E-250    Van    1FTNE24LX7DA04292    17242   

S211

   2002    Ford    E-150    Van    1FTRE14LX2HA28282    17249   

S213

   2006    Ford    E-250    Van    1FTNE24L86HA98857    17244   


S214

   2003    Ford    E-150    Van    1FTRE14LX3HA49036    17248   

S217

   2009    Ford    E-250    Van    1FTNE24W89DA72958       N/A

S219

   2010    Ford    E-250    Van    1FTNE2EW9ADA72762       N/A

 

C&S Roster - Misc

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M370

   1973    Clark    C500-Y30    Forklift    Y235190311    N/A   

M371

   1999    WELLS    CW121-102    TRAILER    1WC200E14W1083393    17259   

M372

   2010    FORD    F-350    PICK UP    1FTSF3B54AEB09017       509034

M373

   2011    FORD    F450    RACK    1FDUF4HY7BEA43091       517369

M378

   2000    FORD    F-250    FLAT RACK    1FTNF20L3YEA88616    17252   

 

C&S Roster - Surplus

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity
A/S

  

VIN #

  

FAS #

  

Lease #

XC30

   2000    Ford    Expedition       1FMPU16L8YLA02885    17253   

XM375

   1993    FORD    F-350    PICK UP    1FTHF36M3PNA68903    17257   

XM-379

   1989    FORD    F-450    FLAT/TANK    2FDLF47M7KCB22440    17241   

XS204

   2001    FORD    E-150    VAN    1FTRE14L11HA59709    17251   

XS212

   1999    Chevy    G-1500    Van    1GCFG15R8X1112942    17254   

XS216

   1998    Ford    E-150    Van    1FTRE14L5WHA86600    17255   

 

Dover Roster - Tank

 

              

Fleet #

  

Year

  

Make

  

Model

  

Capacity
A/ S

  

VIN #

  

FAS #

  

Lease #

1500

   2008    FRGHT    M2-106    3000    1FVACYDJ78HZ05494       N/A

1501

   1986    FORD    LN8000    3400A    1FDXR80U0GVA52792    14117   

1502

   2008    FRGHT    M2-106    3000    1FVACYDJ98HZ05495       N/A

1504

   1993    FORD    LS8000    3400A    1FDYS82E3PVA06095    14138   

1509

   1994    GMC    TOPKICK    2800A    1GDM7H1J1RJ518401    14115   

1510

   1990    FORD    LN8000    3000A    1FDXR82A5LVA04976    14125   

1511

   1998    FREIGHTL    FL70    3000A    1FV6HFBA8WH901868    14126   

1512

   1988    FREIGHTL    FLC112    4000A    1FVXZWYB8JH405902    17955   

1514

   1993    FORD    LN8000    2800A    1FDYR82E2RVA18768    13891   

1515

   2001    STERLING    L8500    3400A    2FZAAWAKX1AH80864    16812   

1516

   2002    STERLING    L8500    3400A    2FZAAWAK92AJ88418    16916   

1518

   1993    FORD    LS8000    3400A    1FDYS82E1PVA06094    14141   

1519

   1997    FORD    LS8000    3400A    1FDYS82E8VVA22063    15831   

1520

   1997    FORD    LS8000    3400A    1FDYS82EXVVA22064    15832   

1521

   2001    STERLING    L8500    3400A    2FZAAWAK81AH80863    16811   

1522

   1997    FORD    L8000    2800A    1FDXN80F3WVA05588    18280   

1523

   1998    FORD    LS8000    3400A    1FDYS80E4WVA24266    16262   

1524

   2000    STERLING    L8513    3400A    2FZ6MLBB3XAB16019    13975   

1526

   1996    FORD    LS8000    3400A    1FDYS82EXTVA17864    15830   

1527

   1995    FORD    LS8000    3400A    1FDYS82E2SVA21700    14146   


1529

     1993       FORD      LS8000         3400A       1FDYS82E5PVA06096      14148      

1530

     1994       IH      4900/DT466         2800A       1HTSDAAN4RH570842      14152      

1533

     2004       STERLING      L8500         2800S       2FZAAVAK34AM59308      18313/18471      

1534

     2002       FREIGHTL      FL80         3300A       1FVABXAK72HJ84983      18251      

1543

     1992       FORD      LN8000         3400A       1FDYR82A6NVA03942      13895      

1547

     1995       FORD      LN8000         3400A       1FDYR82E3SVA12516      13897      

1548

     2004       STERLING      L8500         3400A       2FZAAVAK54AM59309      18314/18472      

1549

     2006       FREIGHTL      M2         3600A       1FVFCYDC16HW39636      16808         212699   

1550

     2006       FREIGHTL      M2         3600A       1FVFCYDC36HW39637      16809         212700   

1551

     2006       FREIGHTL      M2         3600A       1FVFCYDC76HW39642      16805         212705   

1552

     1998       INTERNAT’L      4900         2800       1HTSDAAN2WH538306      17045      

Dover Roster - Service

 

              

Fleet #

   Year      Make    Model      Body
Type
    

VIN #

   FAS #      Lease #  

S300

     2008       FORD      E350         VAN       1FTSE34L58DA10091         498899   

S301

     2008       FORD      E350         VAN       1FTSE34L78DA10089         498897   

S302

     2008       FORD      E350         VAN       1FTSE34LX8DB33577         257844   

S303

     2008       FORD      E350         VAN       1FTSE34L38DA10090         498898   

S304

     2008       FORD      E350         VAN       1FSTE34L18DB33578         257845   

S305

     1997       FORD      E350         van       1FTJE34F4VHB83143      16256      

S306

     1999       FORD      E350         van       1FTSE34FXXHB98320      16988      

S307

     2008       FORD      E350         VAN       1FTSE34L88DB33576         257843   

S309

     1996       FORD      E350         van       1FTJE34F3THB60336      15796      

S313

     2008       FORD      E350         VAN       1FTSE34L68DB33575         257842   

S314

     2001       FORD      E350         van       1FTSE34L41HA07746      16781      

S317

     1998       FORD      E350         van       1FTSE34F9WHB97173      17014      

S318

     2001       FORD      E350         van       1FTSE34LX1HA22283      16787      

S319

     2009       FORD      E350         VAN       1FTSE34L89DA68147         N/A   

S320

     2010       FORD      E350         VAN       1FTSE3EL8ADA85288         N/A   

S321

     2010       FORD      E350         VAN       1FTSE3ELXADA85289         N/A   

S322

     1997       FORD      E350         van       1FTJE34F9VHC00146      16259      

S324

     1999       FORD      E350         van       1FTSE34F9XHB87213      16991      

S334

     2003       FORD      E250         VAN       1FTNE24223HB26140         168724   

S338

     2003       FORD      E350         van       1FTSE34L33HB29517      18300      

S339

     2001       FORD      E350         van       1FTSE34L11HA22284      16788      

S340

     2002       FORD      E350         van       1FTSE34L92HA13964      16917      

S342

     2003       FORD      E350         van       1FTSE34L83HB29514      18303      

S343

     2003       FORD      E350         van       1FTSE34LX3HB29515      18302      

S344

     2003       FORD      E350         van       1FTSE34L13HB29516      18301      

S345

     2010       FORD      E350         VAN       1FTSE3EL6ADA85287         N/A   

S347

     2000       FORD      E350         van       1FDWE35LXYHB90155      16772      

S348

     2001       FORD      E350         van       1FTSE34L21HA00925      16928      

S349

     2004       FORD      E350         van       1FTSE34L24HB11057         187791   

S350

     2004       FORD      E350         van       1FTSE34L04HB11056         187790   

S351

     2004       FORD      E350         van       1FTSE34L64HB11059         187793   

S352

     2004       FORD      E350         van       1FTSE34L94HB11055         187789   

S353

     2004       FORD      E350         van       1FTSE34L44HB11058         187792   


S356

     1999       FORD      E350         van       1FTSE34F3XHB98319      1987      

S370

     1997       CHEVY      E350         BOX       1GBHP32R4V3304759      13842      

S379

     2005       FORD      E350         van       1FTSE34L85HB33808         196057   

S380

     2005       FORD      E350         van       1FTSE34LX5HB33809         196058   

S381

     2005       FORD      E350         van       1FTSE34L65HB33807         196056   

S382

     2006       FORD      F450         BOX       1FDXF47Y16EA03531         209212   

S383

     2006       FORD      F450         BOX       1FDXF47Y76EA42009         209213   

S385

     2006       FORD      F350         utility       1FDWF37Y76EC95417         495783   

S386

     2006       FORD      E350         van       1FTSE34L36DA74031         495129   

S387

     2006       FORD      E350         van       1FTSE34L56DA74032         495130   

Dover Roster - Misc

 

              

Fleet #

   Year      Make    Model      Body
Type
    

Vin #

   FAS
#
     Lease
#
 

M201

     2005       FORD      F250         PICKUP       1FTNF215X5ED32547         206675   

M202

     1997       FORD      F350         RACK       1FDKF38F1VEA86636      13836      

M203

     1997       FORD      F350         PICKUP       1FTHF36FXVEA59999      15799      

M206

     2009       FORD      F450         RACK       1FDAF47Y29EA90365         N/A   

M208

     1998       PACE      UTILITY         TRAILER       4OLFB1213XP051293      

M209

     1980       H & H      BRINDLE         TRAILER       80570D      

M210

     1993       CAR MATE         TRAILER       1P9C508S2PL017918      

M211

     1988       FORD      E350         VAN       1FTJE34YOJHA55204      13628      

M213

     1996       FORD      E350         VAN       1FTJE34F5THB60340      15807      

M214

     2009       FORD      E450         UTILITY       1FDXE45S29DA73857         N/A   

M215

     2009       FORD      E450         UTILITY       1FDXE45S49DA73858         N/A   

M216

     2010       FORD      TRANS-CONN         VAN       NMOLS7ANXAT022210         518027   

M222

     2001       FORD      E350         BOX       1FDWE35L51HA32246         152916   

M230

     1985       HYSTER      S50XL         FORKLIFT       AL87V13549K      N/A      

M232

     1995       Ford      AH3136         BACKHOE       VH03662      N/A      

M245

     2001       FORD      F250         PICKUP       1FTNF21L71EA59348      16929      

M248

     1996       FORD      F250         PICKUP       1FTHF26F3TEB24294      15798      

M250

     1983       FORD      LN8000         2800A       1FDYR8OUXDVA34400      14143      

Dover Roster - Tractor

 

              

Fleet #

   Year      Make    Model      # Axles     

VIN #

   FAS
#
     Lease
#
 

1584

     1995       MACK      CH613         3       1M1AA13Y5SWO50398      15829      

1585

     1997       WESTERN      4900         3       2WKPDDCF2VK946554      15808      

1586

     1998       FORD      LT9500         3       1FTYS96W2WVA18587      16261      

1587

     2001       STERLING      L9500         3       2FWJAZAS8IAH80862      14130      

1588

     2002       STERLING      L9500         3       2FWJAZAS22AJ81647      15663      

Trailers

 

              

Fleet #

   Year      Make    Capacity
A/ S
     # Axles     

VIN #

   FAS
#
     Lease
#
 

1595

     1999       FRUEHAUL      9200A         2       4J8T04326XT001901      16976      

1596

     2000       FRUEHAUL      9200A         2       4J8T042271T008901      14136      


1597

     2001       FRUEHAUL      9200A         2       4J8TO42252TOO2001      15691      

1598

     1998       HEIL      9200A         2       5HTAB432OW7H61807      16257      

1599

     2005       HEIL      9200A         2       5HTAB432057H68514      18809      

Dover Roster - Surplus

 

              

Fleet #

   Year      Make    Model      Body Type
Capacity A/S
    

VIN #

   FAS #      Lease #  
     1994       CHEVY      2500         Van       1GCEG25H8RF188353      13854      
     1989       DODGE      250         Pickup       1B7JM26Y1KS079770      
     1983       GMC      2500         Pickup       2GTGC24J5D1504686      13626      
     1985               TRAILER       189F12626E2091123      
      GARDNER-DENVER         AIR COMPRESSOR       AGACNA9      

X1507

     1987       FORD      LN8000         3400/A       1FDYR82A1HVA59628      14121      

X1513

     1989       INT’L      1954         PROPANE       1HTLDDBN4KH617250      

XM204

     1984       DODGE      B150         VAN       2B7GB13H3EK311413      13863      

XM249

     1994       CHEVY      S10         PICK UP       1GCCS1444RK162967      16566      

XS331

     1996       FORD      E350         VAN       1FTJE34FOTHB60343      15804      

XS354

     2003       FORD      E350         VAN       1FTSE34L53HB29518      18299      

XS368

     1992       FORD      F350         STEP VAN       3FCLF59M9NJA01782      13838      

XS369

     1994       CHEVY      GRUMM         STEP VAN       1GBHP32K4R3319769      13839      

Effron Roster - Tank

 

              

Fleet #

   Year      Make    Model      Capacity
A/S
    

VIN #

   FAS #      Lease #  

1650

     1997       FORD      LN8000         3400/A       1FDYS82E6VVA19839      15835      

1651

     1990       MACK      DM685         4700/A       1M2B197C7LM007191      13907      

1652

     2009       FRGHT      M2-106         3300       1FVACYDJ69HAF2473         N/A   

1653

     1999       INTER      4400         3400/A       1HTSDADR0XH667600      17018      

1654

     2010       FRGHT      M2-106         3200       1FVACYB58ADAR4302         N/A   

1656

     2004       INTER      4400         3000/A       1HTMKADN94H662709      18473      

1658

     1997       FORD      LN9000         3000/A       1FDYR90L3VVA17422      15836      

1659

     1988       MACK      DM685         4300/A       1M2B179C7JM004094      13908      

1660

     1988       MACK      DM685         4300/A       1M2B179C0JM004096      13909      

1662

     1992       MACK      DM685         4000/A       1M2B221C6NM009577      13915      

1663

     1990       MACK      DM685         4300/A       1M2B179C0LM006806      13910      

1666

     1998       PETER      330         3400/A       3BPNHD8X7WF457812      16273      

1669

     1991       MACK      DM685         4900/A       1M3B166K6MM001225      13914      

1672

     1990       GMC      8500         2850A       1GDM7H1J4LJ601098      17401      

1673

     2008       FRGHT      M2-106         4000       1FVHCYDJ48HZ05502         N/A   

1675

     1991       MACK      DM685         4300/A       1M2B221C8MM008428      13901      

1679

     1994       FORD      LN8000         3500/A       1FDYS82E5RVA18767      13903      

1689

     2004       INTER      4300         3000/A       1HTMMAAN55H121429      18781      

1699

     2005       INTER      8600         4500/A       1HTWYSBT65J007531      18780      


Effron Roster - Service

 

              

Fleet

#

   Year      Make    Model      Body
Type
    

VIN #

   FAS #      Lease #  

S400

     2005       FORD      E250         VAN       1FTNE24W95HB22611         196009   

S401

     2005       FORD      E250         VAN       1FTNE24W45HB22614         196012   

S402

     2002       FORD      E350         VAN       1FTSE34L42HA09773      16908      

S403

     2011       FORD      E350         VAN       1FTSE3EL7BDA25441         N/A   

S404

     2002       FORD      E350         VAN       1FTSE34L62HA30852      16940      

S405

     2003       FORD      E350         VAN       1FTSE34L63HB24487      18294      

S406

     2003       FORD      E350         VAN       1FTSE34L83HB24488      18295      

S407

     2003       FORD      E350         VAN       1FTSE34LX3HB24489      18293      

S408

     2004       FORD      E350         VAN       1FTSE34L34HB14405         188001   

S409

     2004       FORD      E350         VAN       1FTSE34L14HB14404         188000   

S410

     2004       FORD      E350         VAN       1FTSE34LX4HB14403         188002   

S411

     2005       FORD      E350         VAN       1FTSE34L85HB33792         196040   

S412

     2008       FORD      E350         VAN       1FTSE34L18DB33581         257840   

S413

     2005       FORD      E350         VAN       1FTSE34L15HB33794         196042   

S416

     2008       FORD      E350         VAN       1FTSE34LX8DB33580         257838   

S432

     2008       FORD      E350         VAN       1FTSE34L48DA10101         498911   

S433

     2008       FORD      E350         VAN       1FTSE34L68DA10102         498912   

S447

     2006       FORD      E350         VAN       1FTSE34L56DA74029         495127   

S448

     2006       FORD      E350         VAN       1FTSE34L16DA74030         495128   

Effron Roster - Misc

 

              

Fleet #

   Year      Make    Model      Body
Type
    

Vin #

   FAS #      Lease #  

M300

     2003       CAPE CRAFT      BOAT         BOAT       MUS10617L203      15852      

M302

     2000       FORD      E350         BOX TRUCK       1FDWE35L2YHC00774      16923      

M303

     2005       FORD      E350         VAN       1FTSE34LX5HB33793         196041   

M304

     2010       FORD      F250         PICK UP       1FTNF2B50AEB39123         509027   

M305

     1975       MACK      R600         DUMP TRUCK       R685T53906      17954      

M306

     2005       FORD      E550         RACK       1FDAF57P75EA01459         196624   

M307

     2007       FORD      E350         BOX TRUCK       1FDWE35L67DA20297         499639   

M308

     1995       FORD         UTILITY       1FDHF38F4SNA07725      18224      

M309

     1999       FORD      E350         VAN       1FTSE34FXXHB98317      16985      

M310

     1984       CASE      CK580D         BACKHOE       9870573      18850      

M313

     1967       CLARK      C500-25         FORK LIFT       23513292321      N/A      

M314

     2002       FORD      E350         VAN       1FTSE34L62HA09774      16907      

M315

     2003       VENTURA         TRAILER       47GRK19173B000313      15853      

M327

     1985       FORD      E350         BOX TRUCK       1FDJE37H7FHB39678      13652      

Effron Roster - Surplus

 

              

Fleet #

   Year      Make    Model      Body Type
Capacity A/S
    

VIN #

   FAS #      Lease #  
     1979       WHITE      EXP.2         3400/A       3ARDGST024309      13913      

X1670

     1990       INTER      4300         2800 A       1HTSDTVN9LH247822      17399         JPM   

XM312

     2001       FORD      E350         VAN       1FTSE34L31HA23713      16789      


Effron Roster - Car

 

              

Fleet #

   Year      Make    Model      Body Type
Capacity
A/S
    

VIN #

   FAS
#
     Lease
#
 

C65

     2005       FORD      ESCAPE          1FMYU93105KE31350         196351   

Leffler Roster - Tank

 

              

Fleet #

   Year      Make    Model      Capacity
A / S
    

VIN #

   FAS #      Lease #  

1200

     2006       INTERNAT’L      4300         3000S       1HTMMAAN96H247388      19946      

1201

     1997       INTERNAT’L      4700         3000S       1FTSCAAN7VH463149      19947      

1202

     2005       INTERNAT’L      4300         2800A       1HTMMAAN55H121043      19948      

1205

     2000       FRTLINER      FL70         3100A       1FV6HJAAGYH46602      19949      

1206

     1995       MACK      C300         2500A       VG6BA0988S8701222      19950      

1207

     1986       MACK      C300         3000A       VG6M112B6B064847      19951      

1900

     1992       IH      4900         3400 A       1HTSDNUR0NH418038      16148      

1901

     1998       CHEVROLET      C7500         2000 A 3       1GBM7H1C7WJ108904      18914      

1902

     2006       INTNAT’L      4400         2800 A       1HTMKAAN36H239700      18917      

1905

     2005       INTER      7600         5000A       1HTWYSBT85J007529      18777      

1906

     1999       FRTLINER      FL70         3000 A       1FV6JFAB4XHA83851      16160      

1907

     1999       FRTLINER      FL70         3000 A       1FV6JFAB6XHA83852      16152      

1908

     1992       IH      4900         3000 A       1HTSDNUR9NH418037      16161      

1909

     1995       FORD      LS8000         3000 A       1FDYR82EXSVA27210      16162      

1910

     1995       FORD      LS8000         3000 A       1FDYR82E3SVA27209      16163      

1911

     1995       FORD      LS8000         3000 A       1FDYR82E1SVA27208      16153      

1912

     1994       FORD      LS8000         4500 A       1FDZY82E0RVA31199      16173      

1913

     1999       IH      4900         3400 A       1HTSDAAN3XH608333      16164      

1914

     1999       IH      4900         3200 A       1HTSDAAN5XH608334      16165      

1915

     1996       FORD      LS8000         3000 A       1FDYR82E6TVA15153      16166      

1916

     1996       FORD      LS8000         3000 A       1FDYR82E8TVA15154      16167      

1917

     1996       FORD      LS8000         3000 A       1FDYR82EXTVA15155      16168      

1918

     2000            FL70         2800 A       1FV6HJBA5YHF86746      16154      

1919

     2000       FRTLINER      FL80         4400 A       1FV6JJCB3YHG54778      16169      

1920

     2002       FRTLINER      FL60         3000 S       1FVABTAK82HJ20685      16350      

1921

     2003       FRTLINER      FL70         3499 S       1FVABTCS43HL12880      16369      

1922

     2005       IH      4300         3499 S       1HTMMAAN95H120753         192608   

1923

     1999       IH      4700         3000 S.       1HTSCAAN2XH225342      17897      

1928

     1990       KW      T800         ….       2NKDLR9X7JM519675      16294      

1929

     1991       KW      T800         4200 A       2NKDLR9X9JM519676      19295      

1930

     1992       FORD      LS8000         3000 A       1FDXR82AXNVA37894      16178      

1932

     1988       KW      T800         4600 A       1NKDLR9X1KJ521334      16290      

1933

     1989       KW      T800         4600 A       2NKDLR9X5KM536251      19299      

1934

     1989       KW      T800         4600 A       2NKDLR9X7KM536252      16300      

1935

     1989       KW      T800         3500 A       2XKDDR9X6KM537881      16301      

1936

     1989       KW      T800         3500 A       2XKDDR9X2KM537926      16293      

1937

     1991       KW      T800         3500 A       1XKDDR9X4MJ563504      16304      

1938

     1991       KW      T800         4700 A       1NKDLR9X5MJ567008      16305      

1939

     1991       KW      T800         4600 A       1NKDLR9X7MJ567009      16306      

1940

     1992       IH      4900         3200 A       1HTSDPBR7NH405527      16308      


1942

   1992    KW    T800    4200 A    1XKDDR9X4NJ579705    16310   

1943

   1994    FRTLINER    FL106    4400 A    1FVX8HCBXRL456929    16316   

1944

   1994    FRTLINER    FL106    4200 A    1FVX8HCB6RL456930    16317   

1945

   1994    FRTLINER    FL106    4200 A    1FVX8HCB8RL456931    16318   

1946

   1995    FRTLINER    FL106    4600 A    1FVX8HCB5SL581553    16323   

1947

   1995    FRTLINER    FL106    4600 A    1FVX8HCB7SL581554    16324   

1948

   1995    FRTLINER    FL106    4500 A    1FVX8HCB9SL708854    16325   

1949

   1995    KW    T800    2800 A    2NKMH77X9SM649483    16326   

1950

   1997    KW    T800    4600 A    1NKDLS9X2VJ737463    16338   

1951

   1997    KW    T800    4500 A    1NKDLS9X4VJ737464    16339   

1952

   1997    KW    T800    4700 A    1NKDLS9X6VJ737465    16340   

1953

   1997    KW    T800    4700 A    1NKDLS9X8VJ737466    16341   

1954

   1997    KW    T800    4600 A    1NKDLS9XXVJ737467    16342   

1955

   1997    KW    T800    4200 A    1NKDLS9X1VJ737468    16343   

1956

   1997    KW    T880    4200 A    1NKDLS9X3VJ737469    16344   

1957

   1996    KW    T800    2800 A    2XKMA77X9TM667509    16347   

1958

   1997    KW    T800    4700 A    1NKDLS9X4VJ744429    16345   

1960

   2000    FRTLINER    FL70    2800 A    1FV6HJBAXYHF86743    16353/16354    N/A

1961

   2000    FRTLINER    FL70    2700 A    1FV6HJBA6YHF86741    16355/16356    N/A

1964

   1994    FRTLINER    FL70    2800 A    1FV6HLBAORL834599    16314   

1965

   1995    FRTLINER    FL70    2700 A    1FV6HLBA0SL604082    16319   

1966

   1995    FRTLINER    FL70    3100 A    1FV6HLBA2SL604083    16320   

1967

   2000    FRTLINER    FL70    3000 A    1FV6JJBB6YHG80146    16357/16358    N/A

1968

   2000    FRTLINER    FL70    2800 A    1FV6JJBB5YHB94878    16359/16360    N/A

1969

   2001    FRTLINER    FL70    3200 A    1FVABXAK1HH66210    16361/16362    N/A

1970

   2001    FRTLINER    FL70    3000 A    1FVABTAK31HH77931    16363/16364    N/A

1971

   2001    FRTLINER    FL80    4600 A    1FVHBXAK31HH77921    16365/16366    N/A

1972

   2001    FRTLINER    FL70    3000 A    1FVABXAK51HH79655    16367/16368    N/A

1973

   2001    KW    T300    3000 A    2NKMHD7XX1M856235    16351   

1974

   1996    FRTLINER    FL70    3000 A    1FV6HJAA3TL701462    16327   

1975

   2003    FRTLINER    FL80    4200 A    1FVHBXCS73HL68639    16370   

1976

   2003    FRTLINER    FL80    4200 A    1FVHBXCS33HL68640    16371   

1977

   1995    FRTLINER    FL106    4600 A    1FVX8HCB3SL581552    16322   

1978

   1990    FRTLINER    FL120    3500 A    1FUYDZYB1LH391532    16302   

 

Leffler Roster - Service

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

VIN #

  

FAS #

  

Lease #

S800

   1999    FORD    E150    VAN    1FTRE1426XHB55903    16252   

S801

   2002    CHEVY    G350    VAN    1GCHG35R921198579    16253   

S802

   2003    CHEVY    G350    VAN    1GCHG35U831110076    16254   

S803

   2003    CHEVY    G350    VAN    1GCHG35U931113276    16255   

S804

   2009    FORD    F150    PICKUP    1FTRX14W19KC15752       N/A

S806

   2009    FORD    E350    VAN    1FTSE34L59DA68154       N/A

S807

   2009    FORD    E350    VAN    1FTSE34L79DA88155       N/A

S808

   2009    FORD    E350    VAN    1FTSE34L99DA68156       N/A

S809

   2009    FORD    E350    VAN    1FTSE34L09DA68157       N/A

S810

   2009    FORD    E350    VAN    1FTSE34L29DA68158       N/A


S812    2003    CHEVY    3500    VAN    1GCHG35U631213335    18915     

S813

   2003    CHEVY    3500    VAN    1GCHG35U831183786    18916   

S814

   2010    FORD    F450    BOX    1FDXE4FS6ADA42338       510619

S815

   2010    FORD    F450    BOX    1FDXE4FS8ADA42339       510620

S816

   1996    FORD    E250    VAN    1FTFE24Y8THB43856    16424   

S818

   1999    FORD    F450    CP UTILITY    3FDXF46F3XMA36073    16443    N/A

S819

   2010    FORD    E350    VAN    1FTSE3EL3ADA74358       N/A

S820

   2010    FORD    E350    VAN    1FTSE3EL5ADA74359       N/A

S821

   2010    FORD    E350    VAN    1FTSE3EL1ADA74360       N/A

S822

   2010    FORD    E350    VAN    1FTSE3EL3ADA74361       N/A

S823

   2000    FORD    E350    VAN    1FTSE34L1YHA69051    16446    N/A

S824

   2011    FORD    F350    OP UTILITY    1FDRF3H61BEA60516       513107

S827

   1999    FORD    F450    CP UTILITY    3FDXF46F2XMA39062    16451    N/A

S829

   2000    FORD    E250    VAN    1FTNE24L9YHB58728    16453    N/A

S831

   2000    FORD    E250    VAN    1FTNE24L7YHB58730    16455    N/A

S834

   2000    FORD    F250    OP UTILITY    1FDNF20L8YEC63745    16458    N/A

S837

   2002    FORD    E350    VAN    1FTSE34L22HA13997    16435   

S839

   2002    FORD    E350    VAN    1FTSE34L62HA13999    16437   

S842

   2002    FORD    E350    VAN    1FTSE34L42HB66848    16439   

S843

   2002    FORD    E350    VAN    1FTSE34L22HB66850    16440   

S845

   2004    FORD    E350    VAN    1FTSE34L64HA93100       187845

S846

   2004    FORD    E350    VAN    1FTSE34L84HA93101       187844

S848

   2004    FORD    E350    VAN    1FTSE34L14HA93103       187842

S850

   2004    FORD    E350    CUBE    1FDWE35LX4HA95735       189277

S851

   2004    FORD    E350    VAN    1FTSE34L54HB46434       189278

S852

   2004    FORD    E350    VAN    1FTSE34L74HB46435       189276

S854

   2007    FORD    E350    OP UTILITY    1FDWF37Y77EA83487       496137

S856

   1996    FORD    F150    PICKUP    1FTEF15Y8TLA79624    16426   

S857

   2007    FORD    E350    CUBE VAN    1FDWE35L67DB07911       499829

S858

   2007    FORD    E350    CUBE VAN    1FDWE35L47DA87688       499827

S859

   2007    FORD    E350    CUBE VAN    1FDWE35L17DA64983       499828

S860

   2006    FORD    E350    VAN    1FTSE34L86DA69665       495150

S861

   2006    FORD    E350    VAN    1FTSE34LX6DA69666       495151

S863

   2006    FORD    E350    VAN    1FTSE34L16DA69667       495152

S865

   2006    CHEVY    2500    VAN    1GCGG25U761205920    19972   

S866

   1994    CHEVY    2500    VAN    1GCEG25K6RF127501    19973   

S868

   2001    DODGE    2500    UTILITY    3B7KF23ZX1G820614    19974   

S870

   2000    FORD    F350    VAN    1FDSF35L3YEB62324    16349   

S871

   2000    FORD    F350    VAN    1FDSF34LXYEB80790    16348   

S874

   1995    DODGE    2500    VAN    1B6KC26C3SS122361    16408   

S876

   2001    FORD    E250    VAN    1FTNE24L31HA92148    16227   

S877

   2001    FORD    E250    VAN    1FTNE24L81HA92145    16228   

S880

   2001    FORD    E250    VAN    1FTNE24LX1HA92146    16201   

S883

   2001    CHEVY    G25    VAN    1GBHG31R411230394    16243   

S884

   2002    FORD    E250    VAN    1FTNE24L62HA05344    16232   

S887

   2002    FORD    E250    VAN    1FTNE24L62HA59212    16234   

S889

   2005    FORD    E350    VAN    1FTSE34L55HB33801       196050

S890

   2005    FORD    E350    VAN    1FTSE34L75HB33802       196051


S891

   2005    FORD    E350    VAN    1FTSE34L95HB33803       196052

S892

   2005    FORD    E350    VAN    1FTSE34L05HB33804       196053

S893

   2005    FORD    E350    VAN    1FTSE34L25HB33805       196054

S894

   2005    FORD    E350    VAN    1FTSE34L45HB33806       196055

S895

   2005    FORD    F350    OP UTILITY    1FDWF37566EA20112       209488

S897

   1995    FORD    F150    PICKUP    1FTEF14Y9SNA08419    16416   

S898

   2006    FORD    E350    VAN    1FTSE34L46DA69663       495148

S899

   2006    FORD    E350    VAN    1FTSE34L66DA69664       495149

 

Leffler Roster - Trailor

              

Fleet #

  

Year

  

Make

  

Model

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1982

   1996    KW    T-8    3    1XKDDR9X5TJ721976    16330   

1983

   1996    KW    T-8    3    1XKDDR9X9TJ721978    16331   

1984

   1996    KW    T800    3    1XKDDR9X3TS721971    16332   

1985

   1996    KW    T800    3    1XKDDR9X5TS721972    16333   

1986

   1996    KW    T800    3    1XKDDR9X7TS721973    16334   

1987

   1996    KW    T7800    3    1XKDDR9X9TS721974    16335   

 

Trailers

 

                    

Fleet #

  

Year

  

Make

  

Capacity
A / S

  

# Axles

  

VIN #

  

FAS #

  

Lease #

1990

   1988    FRUEHAUF    9200 A    2    1H4T04327JK018601    16289   

1992

   1996    FRUEHAUF    9200 A    2    4J8T04326TT016702    16346   

1993

   1996    FRUEHAUF    9200 A    2    4J8T04328TT016703    16328   

1994

   1996    FRUEHAUF    9200 A    2    4J8T0432XTT016704    16329   

1995

   1997    FRUEHAUF    9200 A    2    4J8T0432XVT002501    16336   

1996

   1973    BUTLER    6500 A    2    2496232    16286   

 

Leffler Roster - Misc

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M002

   2000    FORD    E150    VAN    1FTRE1423YHA36823    16230   

M03

   1997    IH    4700    EFFINGER    1HTSCAAL7VH456961    16352   

M004

   2000    FORD    E250    VAN    1FTNE24L0YHB58732    16457    N/A

M005

   2008    FORD    ESCAPE    SUV    1FMCU93178KA70715       498983

M006

   2011    FORD    F150    PICK UP    1FTVX12F8BKD12790       N/A

M007

   2011    FORD    F150    PICK UP    1FTVX1EF1BKD12789       N/A

M008

   2011    FORD    F350    UTILITY    1FDRF3H62BEB59264       N/A

M016

   1986    FORD    E250    RACK    1FTHX26L8GKB49346    16373   

M017

   1992    FORD    E350    BOX    1FDJF37M1NNA44463    16392   

M020

   1995    FORD    E350    RACK    1FDKF37H7SNB34915    16417   

M022

   1996    FORD    E350    RACK    2FDKF37H8TCA56832    16430   

M024

   1995    DODGE    2500    PCKP / W PLW    1B7KF26W7SS358704    16409   

M025

   1994    CHEVY    C34    RACK    1GBKC34F3RJ108155    16400   

M032

   1994    FORD    150    PCKP / W PLW    2FTHF26H8RCA69664    16216   

M040

   1981    FORD    E350    BOX    1FTHE38G9BHA95802    16143   


M041

   1987    CHEVY    C30    PCKUP    1GCHV34K4HS180004       48837

M043

   1996    FORD    E250    OP UTILITY    1FDHF25Y6TEA36497    16427   

M044

   1996    FORD    E250    PICKUP    1FTHF25Y2TLA72929    16428   

M048

   1996    FORD    F150    PCKP /W PLW    1FTHX26H9TEB05330    16429   

M049

   2001    FORD    E350    VAN    1FTSE34L31HA70496    16434   

M050

   2003    FORD    E250    VAN    1FTNS24L53HA22906    16241   

M153

   1990    CAR MAR    N/A    UT TRAILER    1P9C712D9LL017581    16381   

M154

   1990    LAMCO    N/A    UT TRAILER    1L9UT0816LL088124    16386   

M155

   1993    TOW-MSTER    1800B    UT TRAILER    1P9F40D21PG1622804    16399   

M156

   1997    HUDSON    N/A    UT TRAILER    10HHSE167V1000873    16433   

M158

   1988    KW    T800    DUMP    1NKDLR9X1JJ511806    16291   

M159

   1989    KW    T800    VAC TRK    2NKDLR9X2JM519633    16292   

M160

   2003    FORD    Explorer    SUV    1FMZU73KX3UA67666       172510

M161

   1995    JHN DRRE    410    BACKHOE    D6777462    N/A   

M162

   1988    CUSTOM    N/A    UT TRAILER    1YB321533J1B1T804    16140   

M163

   1994    CHEVY    C30    DUMP    1GBJC34K3RE187036    16141   

M164

   1990    KMATSHU    N/A    PAYLOADR    1913KOMATSHU    16142   

M165

   2003    FORD    EXPDN    SUV    1FMFU18L93LB64879       171941

M168

   1980’S    TOYOTA    N/A    FORKLIFT    2FDC25 - 11029    N/A   

M169

   1980’S    DATSUN    N/A    FORKLIFT    CF01-000254    N/A   

M170

   1989    CRWD PLESR    N/A    UT TRAILER    89041455    16378   

M171

   1979    CAT    N/A    FORKLIFT    81M03579    N/A   

M172

   1964    CLARK    N/A    FORKLIFT    CFY40B150591    16210   

M173

   1983    MITSUBISHI    N/A    FORKLIFT    AFA82A-00711    N/A   

M176

   2000    FORD    E250    VAN    1FTNE24L7YHB58727    16452    N/A

M177

   1933    FORD    BB    ANTIQE TRK    BB18758428    N/A   

M178

   1988    LESLIE    N/A    ANT TRL    1L9HW1669E1035165    N/A   

M180

   1999    FORD    E250    VAN    1FTNE2421XHA64686    16242   

M183

   2004    FORD    E350    VAN    1FTSE34LX4HA93102       187843

M184

   2000    FORD    E350    VAN    1FTSE34F1YHA52163    16444    N/A

M185

   2007    FORD    F150    PICK UP    1FTRF14W37KB62469       497578

M186

   2001    DODGE    1500    PICK UP    1B7HF16Z41S753128    16459    N/A

M195

   2001    SOUTHWEST       TRAILER    48B500E1812023688    19970   

M196

   1999    FORD    RACK    2800A    1FDXF46F3XED37271    19952   

M197

   1996    MACK    C300    BOOM/RACK    VG6BA07A4TB501823    19953   

T3

   1980    MONN    N/A    TRAILER    FA7045948    N/A   

T5

   1978    FRUEHAUF    N/A    TRAILER    MEZ573873    N/A   

T8

      FRUEHAUF    N/A    TRAILER    MAM257901    N/A   

 

Leffler Roster - Surplus

 

              

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

XM001

   2001    FORD    E250    VAN    1FTNE24L11HA92147    16200   

XM033

   1997    FORD    E250    VAN    1FTEE1468VHA44008    16189   

XM152

   2000    FORD    EXPLORER    SUV    1FMDU73X3YZC42209       146507

XM166

   1991    FORD    F150    PICK UP    2FTDF15Y6MCA96039    16145   

XM167

   1970’S    ALIS CHLMER    N/A    FORKLIFT    446228000    N/A    N/A

XM174

   1964    YALE    N/A    FORKLIFT    P212991    16209   


XS805

   2009    FORD    E350    VAN    1FTSE34L39DA68153       N/A

XS811

   2009    FORD    E350    VAN    1FTSE34L49DA68159       N/A

XS826

   2000    DODGE    350    VAN    2B7KB31Y6YK122638    16449    N/A

XS840

   2002    FORD    E350    VAN    1FTSE34L22HB66847    16438   

XS853

   2006    FORD    E250    VAN    1FTSE34L96DA69668       495153

XS855

   1999    FORD    E250    VAN    1FTNE24L9XHA04180    16188   

XS872

   2006    FORD    F350/ 11K    UTILITY    1FDWF37586EB73624       495721

XS879

   2001    FORD    E250    VAN    1FTNE24L51HA92149    16229   

XS882

   2001    FORD    E250    VAN    1FTNE24L7HB47927    16231   

XS886

   2002    FORD    E250    VAN    1FTNE24L92HA36393    16233   
   1983    CHEVROLET    C60    1500 S    1GBGD1A1DV127610    18913   

 

Tullytown Roster - Tank

 

              

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A / S

  

VIN #

   FAS #    Lease #
1400    2006    Freightliner    M2-106    3600/A    1FVFCYDC56HW39641    19848    212704
1401    1992    INTERNAT’L    4900    3000A    1HTSDVUR2NH418039    19043   
1403    1990    Ford    C-8000    3400/A    1FDYD80U4LVA12258    19263   
1404    1994    Peterbuilt    320    4600/A    1XPZL79X5RD707736    19264   
1405    1988    Ford    C-8000    3400/A    1FDYD80U3JVA04164    19265   
1408    1990    Ford    C-8000    3200/A    1FDYD80U0LVA12032    19266   
1409    1995    Peterbuilt    200    3000/A    1XPMH77X1SM608576    19267   
1410    1989    Peterbuilt    200    3000/A    1XPMH77X3SM608577    19268   
1413    1990    FORD    LS8000    3200A    1FDYS82A4LVA03200    16175   
1414    2005    International    7600    5500/A    1HTWYSBT65J007528    19840   
1420    1994    Freightliner    FL80    3400/A    1FVX8HCBRL456928    19708   
1424    1985    Ford    L-8000    3400/A    1FDXR80U7FVA63030    19271   
1425    1987    Ford    L-8000    3400/A    1FDXR82A5HVA59354    19272   
1426    1989    Ford    C-8000    3000/A    9BFXH81A2KDM00494    19273   
1430    1995    Freightliner    FL80    3400/A    1FVX8HCB1SL581551    19707   
1433    1980    FORD    C8000    3100A    D80UVGH2893    19274   
1435    2010    FRGHT    M2    3300A    1FVACYBSXADAR4303       N/A
1436    1995    Freightliner    FL80    4600/A    1FVZJLBB9SL706605    19276   
1447    1982    Ford    C-8000    3100/A    1FDYD80U2DVA16231    19270   
1452    1989    Ford    L-8000    3400/A    1FDXR82A2KVA52367    19279   
1453    1994    Ford    L-8000    3400/A    1FDXR82E0RVA26850    19280   
1459    1995    Freightliner    FL80    4600/A    1FVZJLBB4SL575051    15837   
1460    1995    Freightliner    FL80    4600/A    1FVZJLBB7SL706604    15838   
1461    1996    Ford    L-8000    3400/A    1FDYS82E0TVA19364    15839   
1464    1999    Freightliner    FL80    4600/A    1FV6JJBBXYHF88148    unknown   
1465    2009    Freightliner    M2106    3300/A    1FVACYDJ49HAF2472       N/A
1466    2009    Freightliner    M2106    3300/A    1FVACYDJ49HAF2474       N/A


Tullytown Roster - Service

 

Fleet #

  

Year

  

Make

  

Model

  

Body

Type

  

VIN #

  

FAS #

  

Lease #

S900

   1999    Ford    E-350    Van    1FTSE34F7XHB83449    19786   

S901

   1999    Ford    E-350    Van    1FTSE34FXXHB83445    19782   

S904

   2001    Ford    E-350    Van    1FTSE34L21HA48280    19748   

S905

   2001    Ford    E-350    Van    1FTSE34L61HA48279    19747   

S907

   2006    Ford    E-350    Van    1FTSE34L76DA69657       495142

S908

   2006    Ford    E-350    Van    1FTSE34L36DA69654       495139

S909

   2006    Ford    E-350    Van    1FTSE34L76DA69656       495141

S910

   2001    Ford    E-350    Van    1FTSE34L41HA48278    19246   

S912

   2001    Ford    E-350    Van    1FTSE34L01HA48276    19744   

S914

   2002    Ford    E-350    Van    1FTSE34L52HA00659    19770   

S915

   2002    Ford    E-350    Van    1FTSE34L12HA00660    19769   

S916

   2002    Ford    E-350    Van    1FTSE34L52HA00662    19771   

S918

   2008    Ford    E350    Van    1FTSE34L28DA10095       498900

S919

   2008    Ford    E350    Van    1FTSE34L48DA10096       498901

S920

   2006    Ford    E-350    Van    1FTSE34L76DA69652       495137

S921

   2006    Ford    E-350    Van    1FTSE34L76DA69653       495138

S922

   2006    Ford    E-350    Van    1FTSE34L76DA69655       495140

S923

   2002    Ford    E-350    Van    1FTSE34L32HA00658    19762   

S924

   2004    Ford    E-350    Van    1FTSE34LX4HB34747       188455

S925

   2004    Ford    E-350    Van    1FTSE34L44HB34744       188452

S926

   2004    Ford    E-350    Van    1FTSE34L84HB34746       188454

S927

   2004    Ford    E-350    Van    1FTSE34L64HB34745       188453

S928

   2004    Ford    E-350    Van    1FTSE34L14HB34748       188456

S929

   2004    Ford    E-350    Van    1FTSE34L24HB34743       188451

S930

   2005    Ford    E-350    Van    1FTSE34L45HB33787       196035

S931

   2005    Ford    E-350    Van    1FTSE34L65HB33788       196036

S932

   2005    Ford    E-350    Van    1FTSE34L85HB33789       196037

S933

   2005    Ford    E-350    Van    1FTSE34L25HB33786       196034

S935

   2005    Ford    E-350    Van    1FTSE34L65HB33791       196039

S937

   2001    Ford    E-350    Van    1FTSE34L21HA48277    19745   

S939

   1997    Ford    E-350    Van    1FTJE34F8VHB83145    16275   

S940

   2010    Ford    E-350    Van    1FTSE3EL7ADA74363       N/A

S941

   2010    Ford    E-350    Van    1FTSE3EL9ADA74364       N/A

S942

   2010    Ford    E-350    Van    1FTSE3EL0ADA74365       N/A

 

Tullytown Roster - Misc

 

        

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M551

   1970    TCM    FD30Z7ST    FORKLIFT    A22R52455    N/A   

M554

   1999    Ford    E350    Van    1FTSE34F3XHB83447    19784   

M557

   1998    Sealion    N/A    UT Trailer    45LBS171XW2062874    unknown   

M558

   1998    Sealion    N/A    UT Trailer    45LBS1716W2062838    unknown   

M560

   2002    Ford    F-350 SD    Pick Up    1FTWX33SX2EA36501    19772   

M562

   1999    Ford    F-350 SD    Rack    1FDWF37F4XEC44120    19780   

M563

   1995    Ford    E-350    Van    1FTJE34F0SHC14948    15867   

M564

   2001    Ford    E350    Van    1FTJE34L61HA48282    19749   

M565

   2005    Ford    E350    Van    1ftse34l45hb33790       196038

M566

   1998    Recsue One    Boat    17’ Alum    OMCR4801F798    unknown   

M567

   1998    Recsue One    Boat    17’ Alum    OMCR4802F798    unknown   


M568

   1986    Case    CK-580-E    Back Hoe    N/A    19855   

M570

   1995    Custom    N/A    UT Trailer    10400601210950236    19243   

M571

   1989    FORD    LN9000    DUMP    1FDYR90T3KVA07792    19244   

M572

   1999    Ford    F-350 SD    Pick Up    1FTWX33FXXEC16183    19781   

M575

   1995    Ford    E-350    Van    1FTHE24Y3SHA79734    13806   

M577

   1994    Ford    E-350    Box    1FDKE37M8RHC17956    19234   

M582

   2003    Ford    E-450    Dump    1FDXF46P93EC66547       175274

M584

   1989    Ford    E-350    Utility    1FDKF37M4KNA03941    19240   

M586

   1994    Chevy    2500    Pick Up    1GCGK24F4RE173586    19249   

M590

   1990    Ford    E-350    Utility    2FDLF47M5LCB02253    19248   

M591

   2001    Haul    N/A    UT Trailer    16HGB18231PO21588    14103   

M592

   2001    Haul    N/A    UT Trailer    16HGB18211PO21587    14102   

M599

   1996    Petro    Steel    UT Trailer    1P9TAR201T2021221    15840   

 

Tullytown Roster - Surplus

 

        

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

   1988    BVR    Trailer    N/A    42EDP2036J1000171    19238   
   1970    Case    580    N/A    42029854195644    19242   

X1412

   1989    FORD    C8000    4400/A    1FDZH8OU7KVA40711    19269    WC

X1434

   1980    Ford    C-8000    3100/A    D80UVGH2892    19275   

X1440

   1986    Ford    C-8000    4600/A    1FDZH80U6GVA16701    19277   

X1442

   1980    Ford    C-8000    3400/A    D80UVGH2894    19278   

X1462

   1979    FORD    C8000    3400/A    D80DVDG9116    19281   

X1467

   1979    FORD       CHASSIS    D80DVDF1907    16289   

XC83

   2002    Ford    EXPLORER       1FMZU72E92UA75199    19767   

XC84

   2002    Ford    EXPLORER       1FMZU72E12UA75200    19766   

XM553

   1999    Ford    E350    VAN    1FTSE34F5XHB83448    19785   

XM579

   1997    DYNAWELD    N/A    UT TRAILER    4U161AEX6V1X34348    19236   

XM583

   1986    Eager Beaver       UT Trailer    SW54623PA    19239   

XS902

   1999    FORD    E350    VAN    1FTSE34F1XHB83446    19783   

XS903

   2002    FORD    E350    VAN    1FTSE34L32HA00661    19761   

XS917

   2002    FORD    E350    VAN    1FTSE34L72HA00663    19768   

 

Upper Darby Roster - Tank

 

           

Fleet #

  

Year

  

Make

  

Model

  

Capacity

A / S

  

VIN #

  

FAS #

  

Lease #

1300

   2000    Peterbilt    330    3400A    1NPNHD8X8YS510581    19779   

1302

   2005    IH    7600    5000A    1HTWYSBT45J007530    19838   

1303

   1989    INTERNTL    4700    3100A    1HTZSZ3R7KH644408    19807   

1304

   2009    FRGHT    M2106    3300/A    1FVACYDJX9HAF2475       N/A

1305

   2001    Peterbilt    330    3400A    2NPNHD8X21M558310    19743   

1306

   2008    FRGHT    M2-106    3200/A    1FVACYDJ08HZ05496       N/A

1307

   1989    FORD    LS8000    3400A    1FDXR82A0KVA34627    19849   

1316

   2006    FRGHT    M21-06    3600A    1FVFCYDC36HW39640    19752    212703

1318

   1995    MACK    MS250P    2100A    VG6M117BOSB201699    19682   

1327

   1995    FORD    LS 8000    3500A    1FDYS82E0SVA14115    19260   


1334

   1991    FORD    LN 8000    3175A    1FDYR82A7MVA36785    19256   

1336

   1991    FORD    LN 8000    3100A    1FDYR82A9MVA36786    19257   

1340

   2002    Sterl Actera    M8500    3600A    2FZAANAK72AJ73734    19773   

1341

   2004    Sterl Actera    M8500    3600A    2FZACHAK94AM14482    19819   

1359

   1997    FORD    LS 8000    3400A    1FDYS82E6VVA19789    15842   

1360

   1996    FORD    LS 8000    3400A    1FDYS82E7TVA07292    15841   

1361

   1994    FORD    LS 8000    3700A    1FDYS82E2RVA18774    19251   

1362

   1998    Peterbilt    330    3500A    3BPNHD8X7WF463142    19723   

1363

   1992    FORD    LS 8000    3500A    1FDYS82AONVA36665    19252   

1371

   1997    IH    4900    2500A    1HTSDAAN6VH425182    19672   

1372

   1997    IH    4900    2500A    1HTSDAAN8VH425183    19673   

 

Upper Darby Roster - Service

 

           

Fleet #

  

Year

  

Make

  

Model

  

Body
Type

  

VIN #

  

FAS #

  

Lease #

S800

   1999    FORD    E350    VAN    1FTSE34F3XHB83450    19787   

S803

   2008    FORD    E350    VAN    1FTSE34L78DA10092       498892

S804

   2008    FORD    E350    VAN    1FTSE34L98DA10093       498891

S805

   2008    FORD    E350    VAN    1FTSE34L08DA10094       498893

S806

   2008    FORD    E250    VAN    1FTSE34L18DB28705       257848

S807

   2008    FORD    E350    VAN    1FTSE34L38DB28706       257849

S809

   2002    FORD    E350    VAN    1FTSE34L92HA00664    19765   

S810

   2008    FORD    E350    VAN    1FTSE3428DB33573    .    257850

S811

   2008    FORD    E350    VAN    1FTSE34L48DB33574       257851

S813

   2010    FORD    E350    VAN    1FTSE3ELSADA74362       N/A

S816

   2003    FORD    E350    VAN    1FTSE34L53HB24500    19821   

S817

   2003    FORD    E350    VAN    1FTSE34L73HB24501    19820   

S819

   2004    FORD    E350    VAN    1FTSE34L94HB31211       188431

S820

   2004    FORD    E350    VAN    1FTSE34L94HB31208       188432

S821

   2004    FORD    E350    VAN    1FTSE34LO4HB31209       188429

S822

   2005    FORD    CGO    VAN    1FTSE34L75HB33816       196068

S823

   2005    FORD    CGO    VAN    1FTSE34L95HB33817       196069

S824

   2005    FORD    CGO    VAN    1FTSE34LO5HB33818       196070

S825

   2005    FORD    CGO    VAN    1FTSE34L25HB33819       196071

S826

   2005    FORD    CGO    VAN    1FTSE34L95HB33820       196072

S827

   2006    FORD    E350    VAN    1FTSE34L06DA69661       495146

S828

   2006    FORD    E350    VAN    1FTSE34L26DA69662       495147

S829

   2006    FORD    E350    VAN    1FTSE34L06DA69658       495143

S830

   2006    FORD    E350    VAN    1FTSE34L96DA69660       495145

S833

   2006    FORD    E350    VAN    1FTSE34L26DA69659       495144

S851

   2001    FORD    E350    VAN    1FTSE34L41HA23736    19742   

S853

   2001    FORD    E350    VAN    1FTSE34L21HA23735    19741   

S896

   1997    FORD    E350    VAN    1FTJE34FVHC13703    16276   


 

Upper Darby Roster - Tractor

     

 

Fleet #

  

Year

   Make    Model    Body Type   

VIN #

   FAS #    Lease #

1380

   2005    IH    7600    3    1HSWYSBRX5J131150    18779   

1383

   1999    IH    9200    3    2HSFMAXR8XCO25991    19788   

1390

   1993    HEIL    9200A    2    1HLA3A7B7R7H57299    19261   

1391

   2007    HEIL    8500A    2    5HTAB432177G72300       N/A

 

Upper Darby Roster - Misc

 

        

Fleet #

  

Year

   Make    Model    Body Type   

Vin #

   FAS #    Lease #

M503

   2001    FORD    WINDSTAR    MINIVAN    2FMZA50441BC31399    19763   

M505

   1987    FORD    C8000    3400A    1FDYD80U3HVA65511    19253   

M510

   2003    FORD    E350    VAN    1FTSE3423HB24499    19822   

M511

   1995    DODGE       STAKE
BODY
   1B6MC36C8SS118983    19823   

M512

   2004    FORD    E350    VAN    1FTSE34L74HB31210       188430

M513

   2001    FORD    E350    VAN    19764    16931   

M518

   1995    FORD    F250    PICK-UP    1FTHF26F0SNA29335    16230   

M519

   2010    FORD       VAN    NM01S7AN1AT022208       53105

M522

   1996    FORD    F250    PICK-UP    1FTHF26F5TEB24295    15884   

M530

   1970    HYSTER    H70C    FORKLIFT    C5D126815    N/A   

 

Upper Darby Roster - Surplus

 

        

Fleet #

  

Year

   Make    Model    Body Type
Capacity A/S
  

VIN #

   FAS #    Lease #
   1991    PETERBILT    320    3500A    1XPZH58X3MD705161    19684    WC

X1310

   1998    FORD    C8000    3000A    1FDXD80UXJVA40090    19258    WC

X1315

   1986    FORD    C8000    3000A    1FDY80UXGVA18751    19259   

X1320

   1987    WHITE    WX64    4900A    1WVDZHJ02HN122291    19683    WC

X1354

   1991    FORD    LS 8000    3400A    1FDYS82A1MVA04130    19250   

X1366

   1989    FORD    C8000    4300A    1FDYD8OU3KVA25288    19254    WC

X1368

   1990    FORD    C8000    3400A    1FDYD80U4LVA12034    19255    WC

X1392

   1991    HEIL    8000A    TRAILER    1HLA3A7B0M7G55304    19847   

X1399

   1976    HEIL    8500A    TRAILER    1HLA3A7B3H7H53736    19262    JPM

XM502

   1997    FORD    FAURUS    WAGON    1FALP57U7VA297287    15886   

XM532

   1996    FORD    E350    VAN    1FTJE34F8THB60347    15882   

XS855

   2001    FORD    E350    VAN    1FTSE34LO1HA23734    19740   

XS895

   1997    FORD    E350    VAN    1FTJE34F1VHC13702    16277   

 

Wallace Roster - Tank

 

        

Fleet #

  

Year

   Make    Model    Capacity
A / S
  

VIN #

   FAS #    Lease #

1611

   1993    INT’L    4900    3000/A    1HTSDPPN7PH494282    13950   

1612

   1999    FREIG    F80    4500/A    1FVXJLBB4XHA56098    17056   

1613

   1997    INT’L    4900    3000/A    1HTSDAANXVH438405    13956   

1614

   1999    INT’L    4900    3000/A    1HTSDAAN1XH615622    13953   

1615

   2009    FRGHT    M2-106    3400    1FVACXDJ99HA52529       N/A

1616

   2000    KW    T300    3200/S    1NKMHD7X5YS842092    19859   

1617

   2008    FRGHT    M2-106    3400/A    1FVFCYDJ78HZ05503       N/A

1630

   1997    INT’L    4900    3000/A    1HTSDAAN7VH438412    unknown   


1631

   2001    INT’L    4900    2800/A    1HTSDAAN81H401914    16914   

1634

   1997    INT’L    4900    2800/A    1HTSDAAN8VH471516    unknown   

1639

   1994    INT’L    4900    2800/A    1HTSDAAN9RH586034    13948   

1644

   2001    INT’L    4900    3000/A    1HTSDAAN01H362963    16618   

1646

   1995    INT’L    4900    2600/A    1HTSDAAN15H645860    13945   

1647

   1995    INT’L    4900    2800/A    1HTSDAAN95H605767    13946   

1648

   2004    INT’L    4400    2800/A    1HTMKAAN24H679985    16619   

1649

   2006    FREIG    M2-106    3200/S    1FVACXCS96HW64071    16894   

 

Wallace Roster - Service

 

        

Fleet #

   Year    Make    Model    Body Type   

VIN #

   FAS #    Lease #

S250

   2004    FORD    E350    VAN    1FTSS34L14HB46715       191538

S254

   2008    FORD    E350    VAN    1FTSE34L98DA22213       500506

S255

   2011    FORD    F350    UTILITY    1FDRF3H6XBEB43488       N/A

S256

   2002    CHEVY    3500    VAN    1GCHG35R421243556    15737   

S258

   2006    FORD    F450    RACK    1FDXF46Y96EB61424       208081

S259

   2004    CHEVY    3500    CUBE    1GBJG314941207767       188280

S261

   2008    FORD    E350    VAN    1FTSE34L38DB33579       257847

S262

   2010    FORD    E350    VAN    1FTSE3ELZADA85285       NA

S263

   2010    FORD    E350    VAN    1FTSE3EL4ADA85286       NA

S268

   2004    GMC    2500    VAN    1GTFG25M111905131    16614   

S269

   2006    FORD    E350    VAN    1FTSE34L86DA74039       495212

S270

   2006    FORD    E350    VAN    1FTSE34LX6HA71006       496408

S271

   2008    FORD    F450    RACK    1FDXF47488EC55604       499815

 

Wallace Roster - Misc

 

        

Fleet #

   Year    Make    Model    Body Type   

Vin #

   FAS #    Lease #

M350

   1999    FORD    F550    RACK    1FDAF5FIXED99567    13689   

M351

   1940    DODGE    SHOW TRK    TANK    T98139493    N/A   

M352

   2005    FORD    F250    PICK UP    1FTNF21575EC84473       206676

M357

   2003    CHEVY    2500    PICK UP    1GCHK24U93E207919    16281   

M365

   1986    H&H    BRINDLE    TRAILER    1H91016S8G1019086    13681   

 

Wallace Roster - Surplus

 

        

Fleet #

   Year    Make    Model    Body Type
Capacity

A/S
  

VIN #

   FAS #    Lease #

XS251

   2005    FORD    E350    VAN    1FTSE34L65HB33810       196062

XS252

   2002    FORD    E350    VAN    1FTSE34L42HA13967      

XS253

   2002    FORD    E350    VAN    1FTSE34L22HA13966      

XS254

   1999    FORD    E350    VAN    1FTSE34L3XHB40829    16966   

XS264

   2000    GMC    G2500    VAN    1GTFG25M6Y1900839    16613   

XS266

   2000    GMC    SAVANA    VAN    1GTFG25M7Y1900437    16612    JPM


Wantagh Roster - Tank

 

Fleet #

   Year   

Make

  

Model

  

Capacity

A / S

  

VIN #

   FAS #      Lease #  

1802

   2007    Mack    CTP713    4500/A    1M2AT04C27M004923         N/A   

1803

   2007    MACK    CTP713    4500/A    1M2AT04C67M004925         N/A   

1804

   2003    Intl    7600    4400/A    1HTWYATTX3J063302      17818      

1805

   1987    Mack    MR    3400 / A    1M2K125CXHM010331      14046      

1806

   1987    Mack    MR    3400 / A    1M2K125C1HM010332      14047      

1807

   1983    Mack    R    4800 / A    1M2N128C5DA032287      14048      

1808

   1983    Mack    R    4800 / A    1M2N128C7DA032288      14049      

1812

   1980    Mack    R    4800 / A    R685ST79880      14044      

1814

   1982    Mack    R    4800 / A    1M2N128C6CA032006      14008      

1815

   1982    Mack    R    4600 / A    1M2N128C8CA032007      14009      

1821

   1990    Mack    MR    4800/A    1M2K175C3LM003131
     16675      

1822

   2008    Frght    M21-6    3500/A    1FVFCYDJ38HZ05501         N/A   

1824

   1986    Ford    L8000    3000 / A    1FDXR80U6GVA55390      14026      

1825

   1992    Ford    L8000    3000 / A    1FDXR82A6NVA27735      17397      

1828

   1980    Mack    R    3400 / A    R606T1188      14040      

1829

   1988    Mack    DM    4600 / A    1M2B179C6JM004099      14034      

1830

   1995    Mack    RD    3400 / A    1M2P288C6SM017687      14028      

1831

   1995    Mack    RD    3400 / A    1M2P288C4SM017686      14029      

1834

   1990    Mack    DM    5000 / A    1M2B179C1LM007012      14010      

1835

   1990    Mack    DM    4000 / A    1M2B179C3LM007013      14011      

1836

   1994    Mack    DM    3400 / A    1M2B205C3RM013106      14012      

1840

   1993    Mack    DM    5000 / A    1M2B221C7PM010823      14037      

1844

   1988    Mack    DM    4400 / A    1M2B116C3JW007113      14031      

1845

   1988    Mack    DM    4000 / A    1M2B179C9JM004095      14032      

1846

   1988    Mack    DM    4000 / A    1M2B179C5JM004093      14033      

1848

   1988    Mack    DM    4600 / A    1M2B179C9JM004100      14035      

1849

   1993    Mack    DM    3400 / A    1M2B205C0PM010824      14036      

1850

   2001    Mack    RD    3400 / A    1M2P288C31M032842      14052      

1852

   1983    Mack    MR    3400 / A    1M2K125CXDM006659      14015      

1858

   1978    Mack    R    3400 / A    R607T5710      14017      

1860

   2002    Mack    RD    3400 / A    1M2P288C42M034049      16942      

1861

   2002    Mack    RD    3400 / A    1M2P288C22M034048      16941      

1869

   1982    Mack    R    4800 / A    1M2N128C8CA032010      14018      

1870

   1992    Mack    DM    3400 / A    1M2B205C7NM009683      14019      

1871

   1992    Mack    DM    3400 / A    1M2B205C2NM009682      14020      

1878

   1991    Mack    DM    3400 / A    1M2B205C8MM008427      14050      

1879

   1991    Mack    DM    3400 / A    1M2B205C6MM008426      14051      
Wantagh Roster - Service   

Fleet #

   Year   

Make

  

Model

  

Body Type

  

VIN #

   FAS #      Lease #  

S001

   2004    Ford    E350    Van    1FTSE34LX4HB11050         187800   

S002

   2004    Ford    E350    Van    1FTSE34L14HB11051         187801   

S003

   2004    Ford    E350    Van    1FTSE34L34HB11052         187803   

S005

   2004    Ford    E350    Van    1FTSE34L74HB11054         187806   

S006

   2005    Ford    E350    Van    1FTSE34L95HB33798         196046   

S007

   2005    Ford    E350    Van    1FTSE34L75HB33797         196045   

S008

   2005    Ford    E350    Van    1FTSE34L55HB33796         196044   

S009

   2005    Ford    E350    Van    1FTSE34L35HB33800         196048   

S010

   2005    Ford    E350    Van    1FTSE34L35HB33795         196043   

S013

   2006    Ford    E350    Van    1FTSE34L16DA90034         495208   

S020

   2001    Ford    E350    Van    1FTSE34L61HA18151      16926      

S021

   2001    Ford    E350    Van    1FTSE34L81HA18152      16924      


S022

     2001       Ford    E350    Van    1FTSE34L81HA22279    16783   

S024

     1998       Ford    E350    Van    1FTSE34LXWHB94451    17026   

S026

     2009       Ford    E350    Van    1FTSE34L89DA68150         N/A   

S027

     2009       Ford    E350    Van    1FTSE34LX9DA68151         N/A   

S028

     2009       Ford    E350    Van    1FTSE34L19DA68152         N/A   

S029

     2009       Ford    E350    Van    1FTSE34LX9DA69719         N/A   

S036

     2003       Ford    E350    Van    1FTSE34L63HB29513    18296   

S041

     2006       Ford    E350    Van    1FTSE34L86DA90032         495206   

S044

     2003       Ford    E350    Van    1FTSE34L43HB29512    18305   

S045

     2003       Ford    E350    Van    1FTSE34L03HB29510    18298   

S046

     2010       Ford    E350    Van    1FTSE3EL9ADA85297         N/A   

S047

     2010       Ford    E350    VAN    1FTSE3EL0ADA85298         N/A   

S050

     2008       Ford    E350    Van    1FTSE34L18DA10105         498908   

S051

     2008       Ford    E350    Van    1FTSE34L58DA10107         498910   

S052

     2008       Ford    E350    Van    1FTSE34L88DA10103         498906   

S053

     2008       Ford    E350    Van    1FTSE34L38DA10106         498909   

S054

     2010       Ford    E350    Van    1FTSE3EL2ADA85299         N/A   

S055

     2010       Ford    E350    Van    1FTSE3EL7ADA85301         N/A   

S056

     2010       Ford    E350    Van    1FTSE3EL7ADA85300         N/A   

S069

     1998       Ford    E350    Van    1FTSE34L1WHB94449    17028   

S075

     1998       Ford    E350    Van    1FTSE34L8WHB94450    17030   

S084

     2006       Ford    E350    Van    1FTSE34LX6DA90033         495207   

S085

     2006       Ford    E350    Van    1FTSE34L86DA93187         495209   

S086

     2006       Ford    E350    Van    1FTSE34LX6DA93188         495210   

S091

     1998       Ford    E350    Van    1FTSE34LXWHB94448    17029   

S095

     2001       Ford    E350    Van    1FTSE34L41HA22280    16784   

 

Wantagh Roster - Tractor

 

  

Fleet #

   Year     

Make

  

Model

  

# Axles

  

VIN #

   FAS #    Lease #  

1880

     2005       Mack    CH    3    1M1AJ06Y65N001985    18772   

1881

     2005       Mack    CH    3    1M1AJ06Y85N001986    18771   

1883

     1990       Mack    CH    3    1M2AA06Y6LW006462    14058   

1884

     1992       Mack    CH    3    1M2AA13YXNW015338    14059   

1885

     1991       FORD    LT9000    3    1FTZU90W7MWA00848    19991   

1886

     2010       Freight    Columbia    3    1FUJFOCY3ADAR5654         N/A   

1888

     1997       Mack    CH    3    1M1AA14Y0VW072750    14055   

1889

     2010       Freight    Columbia    3    1FUJFOCY5KDR5655         N/A   

1890

     2005       Heil    10600 /A    3    5HTAB413857J68512    18807   

1891

     2005       Heil    10600 /A    3    5HTAB413X57J68513    18808   

1893

     1977       FRUEHAUF    9200 A    2    UNY581401    14060   

1894

     1995       Heil / Tag F2 E10600    10600 /A    3    1HLA3A7B8S7J58558    14061   

1895

     1991       Fruehauf /Tag F2 ESF106    10600 /A    2    1H4T04229NL001901    14062   

1896

     1980       Fruehauf /Tag F2 E9200    9200 / A    2    UNT002201    14063   

1898

     1982       Fruehauf /Tag F2 E9200    9200 / A    2    1H4T04125CK007201    14067   

1899

     1981       Fruehauf /Tag F2 E9200    9200 / A    2    1H4T04127BK020501    14066   


Wantagh Roster - Misc

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type

  

Vin #

  

FAS #

  

Lease #

M600

   1997    FORD    F350    PICK UP    3FTHF36F6VMA23754    13777   

M601

   2005    FORD    Escape    4X4    1FMYU93175KE15890       196350

M602

   1978    MACK    R    3400/A    R607T5712    14016   

M603

   2008    Ford    E350    Van    1FTSE34LX8DA10104       498907

M604

   2004    Ford    E350    Cargo Van    1FTSE34L54HB11053       187811

M605

   2003    FORD    E350    VAN    1FTSE34L43HB29509    18304   

M607

   1998    FORD    E250    Van    1FTPE242XWHB82145    13781   

M608

   1992    Ford    E350    Step Van    3FCLF59M8NJA05581    13776   

M611

   2005    FORD    E350    Cargo Van    1FTSE34L05HB33799       196047

M612

   1997    Ford    E350    Van    1FTJE34L1VHA45839    15825   

M613

   1995    Ford    E350    Van    1FTJE34Y2SHC14953    15896   

M614

   2005    FORD    ESCAPE    SUV    1FMYU93105KE15889       196349

M618

   1995    Ford    Cutaway    Cube Van    1FDKE37H3SHB74801    15826   

M620

   2006    Ford    Cutaway    Cube Van    1FDXE45S26DA24928       495465

M621

   2010    Ford    E350    Van    1FTSE3EL7ADA85296       N/A

M625

   2006    Ford    Cutaway    Cube Van    1FDXE45SX6DA35837       495535

M631

   1987    Hyster    H80XL    Forklift    F005A04602H    N/A   

M633

   1999    Ford    E350    Van    1FTSE34L5XHC01050    16980   

M640

   1990    Ford    L8000    Tanker    1FDXK84A1LVA09903    14111   

 

Wantagh Roster - Surplus

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

X1811

   1980    MACK    R    3400/A    R606T1186    14043   

X1882

   1988    MACK    R    TRACTOR    1M2N187Y3JW021979    14057   

XC96

   2003    FORD    ESCAPE    SUV    1FMYU921X3KD74945    18306   

XM606

   2002    FORD    XLS       1FMYU02102KB03886    16944   

XM619

   1995    FORD    CUTAWAY    CUBE VAN    1FDKE37H6SHB74808    15827   

XM641

   1989    MACK    MIDLINER    TANKER    VG6M112B5KB067361    unknown   

XS015

   2001    FORD    E350    VAN    1FTSE34L61HA22281    16785   

XS018

   2001    Ford    E350    Van    1FTSE34L81HA18149    16925   

XS019

   2001    Ford    E350    Van    1FTSE34L41HA18150    16927   

XS030

   1999    FORD    E350    VAN    1FTSE34L5XHC01047    16977   

XS033

   2001    FORD    E350    VAN    1FTSE34L81HA22282    16786   

XS038

   2003    Ford    E350    Van    1FTSE34L23HB29511    18297   

XS087

   2001    Ford    E350    Van    1FTSE34L61HA22278    16782   

 

C. Hoffberger Company

 

Fleet #

  

Year

  

Make

  

Model

       

VIN #

  

FAS

#

    

55901

   1989    DODGE    250 P/U       1B7KM2680KS191271    027838   

55910

   2001    DODGE    1500 P/U       1B7HF16Y01S262062    027839   

125

   1983    FORD    L8001 3000/A       1FDXR80U6DVA38844    027823   

122

   1987    FORD    L8000 3000/A       1FDXR80UIHVA20855    027822   

118

   1989    FORD    L8000 3000/A       1FDXR82A6KVA36155    027821   

132

   1994    FORD    L8000 2800/A       1FDXR82EXRVA51125    027828   

137

   1995    FORD    LN4500S 4200/S       1FDZW90X9SVA29313    027832   
   1995    FORD    LN 4500S       A29313    019901   

117

   1996    FORD    F150 P/U       1FTEF14YXTLB70279    027820   

71260

   1997    FORD    E150 VAN       1FTEE1424VHA61112    027864   

71259

   1997    FORD    E150 VAN       1FTEE1426VHA61113    027863   


   1997    FORD    LN 4700 S       A10730    019903   

92056

   1999    FORD    E150 VAN       1FTRE1429XHB51862    027865   

101 163

   2000    FORD    E250       1FTNE2421YHA34525    027868   

101 164

   2000    FORD    E250       1FTNE2423YHA34526    027869   

101 165

   2000    FORD    E250       1FTNE2425YHA34527    027870   

101162

   2000    FORD    E250 VAN       1FTNE242XYHA34524    027866   

111148

   2001    FORD    E250       1FTNE24251HA44867    027867   

30557

   2002    FORD    E350 VAN       1FTSE34L42HA30557    027833   

30560

   2002    FORD    E350       1FTSE34L42HA30560    027836   

30558

   2002    FORD    E350       1FTSE34L62HA30558    027834   

30561

   2002    FORD    E350       1FTSE34L62HA30561    027837   

30559

   2002    FORD    E350       1FTSE34L82HA30559    027835   

135

   1998    FREIGHTLINER    FL80 2800/A       1FUWJLBB2WH887207    027831   

131

   1998    FREIGHTLINER    FL70 2800/A       1FV6HLBA1XHA06631    027827   

55911

   1991    GMC    3500 P/U       1GDHR33J2MF702060    027840   

133

   1997    GMC    C7500 2800/A       1GDM7C1J5VJ509889    027829   

134

   2000    GMC    T7500 2800/A       1GDM7H1C1YJ509584    027830   

57701

   1987    INTERNATIONAL    S-1600 P/O       1HTLAHEM7HH484575    027841   

105

   1990    INTERNATIONAL    4900 3000/A       1HTSDTVNOLH206835    027817   

63311

   1993    INTERNATIONAL    8100 4200/A       1HSHCAZR6PH500796    027862   

110

   1993    INTERNATIONAL    4900 3000/A       1HTSDPNN7PH478733    027818   

57702

   1994    INTERNATIONAL    4700 R/B       1HTSCPLM9RH546594    027842   

128

   2002    INTERNATIONAL    4400 2700/A       1HTMKAAN52H517491    027825   

130

   2002    INTERNATIONAL    4400 4400/A       1HTMSADR82J034164    027826   
   2002    INTERNATIONAL          1HTMSADR82JO34164    020007   

127

   2002    INTERNATIONAL    4400 4400/A       1HTMSADRX2J034165    027824   
   2005    INTERNATIONAL          117368 2005 INTL    019939   
   2005    INTERNATIONAL    2800A tank       1htmmaan15h100805    019900   
   2005    INTERNATIONAL    2800A tank       1htmmaan25h117368    019902   
   2005    INTERNATIONAL    4300 2800A tank       1htmmaan5h124447    019898   
   2005    INTERNATIONAL          100805    019941   
   2005    INTERNATIONAL          1HTMMAAN15H100805    020008   
   2005    INTERNATIONAL    TECH WELD 2800A TANK       H124445    019897   
   2001    KENWORTH          M872708    019940   
   2001    KENWORTH    2800A tank       M872708    019899   

62044

   1979    MACK    MR 3400/A       MR487P1016    027843   

62047

   1979    MACK    MR 3400/A       MR487P1018    027844   

62053

   1980    MACK    MR 3400       MR487P1172    027846   

62054

   1980    MACK    MR 3400       MR487P1173    027847   

62057

   1980    MACK    MR 3400/A       MR487P1176    027848   

62058

   1980    MACK    MR 3400/A       MR487P1177    027849   

62060

   1980    MACK    MR 3400       MR487P1179    027851   

62051

   1980    MACK    MR 3400/A       MR487P1231    027845   

62064

   1980    MACK    MR 3400/A       MR487P1233    027854   

62065

   1980    MACK    MR 3400       MR487P1234    027855   

62066

   1980    MACK    MR 3400       MR487P1235    027856   

62067

   1980    MACK    MR 3400       MR487P1236    027857   

62069

   1980    MACK    MR 3400/A       MR487P1238    027858   


62071

   1980    MACK    MR 3400/A       MR487P1240    027859   

73

   1985    MACK    MIDLINER 2800       VG6M112B7FB064208    027815   

11

   1996    MACK    MIDLINER 2800/A       VG6M118BITB301911    027814   

63310

   1993    PETERBILT    379 4400/A       1XP5DE9XXPN338718    027861   

104

   1988    VOLVO    FE615 2800       YB3U6A3A4JB416920    027816   

114

   1995    VOLVO    FL6 2800       4V52AEECXSR474218    027819   
Hoffman Fuel Company Bridgeport

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

63143

   1982    FORD    H80A 4400       1FDYH0U1GVA11539    027757   

62454

   1985    FORD    D800 2800       1FDYD80U6FVA22276    027751   

A-11

   1986    FORD    F-250 PICK UP       1FTHY26H7GK86771    027760   

54999

   1988    FORD    F-350 RACK       1FDKF37G4KNA65947    027747   

49600

   1996    FORD    E-350 VAN       1FTJE34Y2THA43834    027743   

49801

   1998    FORD    E-350 VAN       1FTPE24LXWHA47742    027744   

29902

   1999    FORD    E-350 VAN       1FTSE34F5XAB84969    027738   

16101

   1999    FORD    E-250 VAN       1FTSE34L8XHA27099    027735   

101785

   2000    FORD    E-150 VAN       1FTRE1423YHA24820    027759   
   2000    FORD    E-150 VAN       1FTRE1426YHA31745    027761   

16102

   2001    FORD    E-250 VAN       1FTSE34L51HA26595    027736   

49151

   2002    FORD    E-350 VAN       1FTSE34L82HA25457    027740   

49150

   2002    FORD    E-350 VAN       1FTSE34L92HA25256    027739   

16103

   2002    FORD    E-350 VAN       1FTSE34LX2HA70979    027737   

62193

   1993    FREIGHTLINER    FL-70 2800       1FV6HFAA5PL416359    027748   

62940

   1994    FREIGHTLINER    FL-70 2800       1FV6HLBA6RL559014    027755   

6

   1994    FREIGHTLINER    FL-70 2800       1FV6HLBAXRL564877    027731   

7

   1995    FREIGHTLINER    FL-70 2800       1FV6HLBAOSL552582    027732   

62401

   1996    FREIGHTLINER    FL-70 2800       1FV6HFBA3TL758384    027750   

1

   1996    FREIGHTLINER    FL-70 2800       1FV6HLBA1TL872558    027729   

62906

   1999    FREIGHTLINER    FL-70 2800       1FV6HJAA2XHB00863    027753   

12

   1999    FREIGHTLINER    FL70 2800       1FV6HLBA6XHA22517    027733   

62931

   2000    FREIGHTLINER    FL-70 2800       1FV6HJBA2YHB94789    027754   

49961

   1999    GMC    SAVA VAN       1GTHG35R9X1061682    027745   

63092

   2000    GMC    7000 3150       1GDM7H1CYJ517667    027756   

49360

   2003    GMC    SAVA VAN       1GTHG35U231177353    027742   

62704

   1987    INTERNATIONAL    4900 2800       1HTLDTVN0HH505317    027752   

62321

   1990    INTERNATIONAL    4900 2800       1HTSDTVN2LH223748    027749   
   1994    INTERNATIONAL    2700A TANK TRK+I38       1HTSDPPNXRH554722    019895   
   1999    INTERNATIONAL    4900       7XH630237    019896   

63190

   2002    INTERNATIONAL    4400 3150       1HTMKAAN92H517493    027758   

14

   2004    KENWORTH    2800A tank       2NKMHD7X44M052243    027734   
   2000    TOYOTA    COROLLA       2T1BR12E5YC268038    027762   


Hoffman Fuel Company Danb

 

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

62147

   1980    FORD    2800/A       D804VHJ9561    027771   

62512

   1991    FORD    N87 2800/A       1FDXR82A5MVA28521    027775   

62590

   1995    FORD    L8000 2800/A       1FDXR82EXSVA08376    027777   

28116

   2001    FORD    E-350 VAN       1FTSE34L71HA77645    027764   

28118

   2002    FORD    E-350 VAN       1FTSE34L72HA17673    027765   

63885

   2087    FORD    L8000 3400/A       1FDYR80U7HVA11338    027782   

62401

   1994    FREIGHTLINER    FL70 2800/A       1FV6HFAA2RL774778    027772   

62602

   1996    FREIGHTLINER    FL70 2800/A       1FV6HFAA0TL732892    027779   
   1997    FREIGHTLINER    3000A       VL761325    019905   

62910

   1999    FREIGHTLINER    FL70 2800/A       1FV6HJAAOXHB00862    027780   

49163

   2001    GMC    SAVA VAN       1GTHG35R111235042    027766   

62501

   1995    INTERNATIONAL    4900 2800/A       1HTSDAAN0SH660771    027773   

62518

   1995    INTERNATIONAL    4000 2800/A       1HTSDAAN8SH641188    027776   

62502

   1995    INTERNATIONAL    4900 2700/A       1HTSDAAN8SH652174    027774   

62601

   1996    INTERNATIONAL    4700 2800/A       1HTSCAAN6TH323414    027778   

62113

   2000    INTERNATIONAL    4900 2800/A       1HTSDAAN7YH303693    027770   
   2000    INTERNATIONAL    4900       1HTSDAAR4YH230138    019904   

62101

   2001    INTERNATIONAL    4900 2800/A       1HTSDAAN51H400770    027769   

63157

   2002    INTERNATIONAL    4000SER 3000/A       1HTMKAAN22H517495    027781   
J. J. Skelton Oil Company

Fleet #

  

Year

  

Make

  

Model

  

Body Type
Capacity A/S

  

VIN #

  

FAS #

  

Lease #

89

   2000    CHEVY    EXPR VAN       1CGHG35RXY1100989    027799   

154

   1991    FORD    E350 VAN       1FTJE34M1MHA53754    027800   

348

   1996    FORD    E250 VAN       1FTHE24YXTHA44514    027801   

57

   1999    FORD    E250 VAN       1FTRE1422XHB51881    027798   

524

   2000    FORD    E250 VAN       1FTNE2424YHB59504    027802   

525

   2000    FORD    E250 VAN       1FTNE2426YHB59505    027803   

62564

   1989    INTERNATIONAL    S 2800/A       1HTLDTVN9KH604824    027810   

62597

   1997    INTERNATIONAL    4000 2800/A       1HTSDAAN8VH443182    027812   

62599

   1999    INTERNATIONAL    4000 2800/A       1HTSDAAN7XH637852    027813   

62567

   1979    MACK    MR 3400/A       MR487P1021    027811   

62073

   1980    MACK    MR 3400/A       MR487P1186    027804   

62074

   1980    MACK    MR 3400/A       MR685P3206    027805   

62075

   1980    MACK    MR 3400/A       MR685P3207    027806   

62076

   1980    MACK    MR 3400/A       MR685P3208    027807   

62563

   1985    MACK    MR600 3400/A       1M2K125C8FM008041    027809   

62562

   1985    MACK    MR600 3400/A       1M2K125C8FM008042    027808   
Lewis Oil Company

Fleet #

  

Year

  

Make

  

Model

  

Body Type

Capacity A/S

  

VIN #

  

FAS #

  

Lease #

55818

   1986    CHEVY    G 30 Flat       1GBJK34W3GJ131477    027884   

49954

   1998    CHEVY    G30 Van       1GCHG35R7W1054213    027877   

55824

   2001    CHEVY    3500 Box       1GBJG31R11118380    027887   

49960

   2002    DODGE    3500 Van       2B7KB31Z12K140738    027879   

62519

   1987    FORD    LN8000 2800 / A       1FDXR80U7HVA03137    027905   


55819

   1993    FORD    F350 Dump       1FDKP37H2PNA82200    027885   

62517

   1993    FORD    LN8000 3200 /A       1FDXR82E8PVA33784    027903   

49925 x

   1995    FORD    EC2 Van       1FTHE24Y7SHA18046    027913   

49932

   1999    FORD    E250 Van       1FTNE24L8XHC207333    027871   

49963

   1999    FORD    E350 Van       1FTSE34L7XHA64354    027882   

49934 x

   2000    FORD    EC1 Van       1FTRE1429YHA42772    027914   

49965

   2000    FORD    E350 Van       1FTSE34L3YHC02473    027883   

49962

   2000    FORD    E350 Van       1STSE34LOYHA26661    027881   

49961

   2001    FORD    E350 Van       1FTSE34L01HA09302    027880   

49936 x

   2001    FORD    E350 Van       1FTSE34L11HA18073    027915   

49942

   2001    FORD    E350 Van       1FTSE34L31HA34582    027873   

49935

   2001    FORD    E350 Van       1FTSE34LX1HA18072    027872   

49945

   2002    FORD    E350 Van       1FTSE34L02HA19796    027876   

49944

   2002    FORD    E350 Van       1FTSE34L32HA06315    027875   

49943

   2002    FORD    E350 Van       1FTSE34L82HA06309    027874   

49959

   2003    FORD    E350 Van       1FTSE34L53HB49865    027878   
   1997    FREIGHTLINER    3000A       VH789672    019906   

62527

   2001    FREIGHTLINER    FL80 3000 / A       1FVABXBS51HH87480    027910   

55820

   2001    GMC    3500HD Util       3GBKC34F21M112088    027886   

62502

   1985    INTERNATIONAL    2554 3400 / A       1HTZLTVN5FHA27103    027893   

62516

   1993    INTERNATIONAL    4900 3200 / A       1HTSDPPNXPH478657    027902   

62501

   1994    INTERNATIONAL    2554 3400 / A       1HTGBN2R9RH570176    027892   

62513

   1997    INTERNATIONAL    4700 3000 / A       1HTSCAAN7VH443791    027900   

62526

   1998    INTERNATIONAL    4700 2800 / A       1HTSCAAN8WH594897    027909   

62512

   1999    INTERNATIONAL    4900 3000 / A       1HTSDAAN1XH608332    027899   

92515

   1999    INTERNATIONAL    4900 2800 / A       1HTSDAAN2XH647043    027911   

62511

   2001    INTERNATIONAL    4700 3000 / A       1HTSCAAN71H369640    027898   

62506

   2002    INTERNATIONAL    4400 3400 / A       1HTMKAANO2H517494    027894   
   2000    KENWORTH          839647    019908   
   2001    KENWORTH    2800       M876350    019907   

62485 x

   1978    MACK    MB 3400 A       MB487p3772    027916   

X62485

   1978    MACK    MB 3400 A       MB487p3772    027922   

62486 x

   1978    MACK    MB 3400 A       MB487P3773    027917   

X62486

   1978    MACK    MB 3400 A       MB487P3773    027923   

62488 x

   1978    MACK    MB 3400 A       MB487P3892    027918   

62489

   1978    MACK    MB 3400 / A       MB487P3893    027889   

62491 x

   1978    MACK    MB 3400 A       MB487P3895    027919   

62500

   1979    MACK    MR 3400 / A       MR487P1019    027891   

62510 x

   1979    MACK    RD 4400 S       RD686SX5609    027921   

62499

   1980    MACK    MR 3400 / A       MR487P1183    027890   

62497 x

   1980    MACK    MR 3400 A       MR487P1187    027920   

62509

   1985    MACK    R685T 3000 / S       1M2N166C0FA089834    027897   
   1985    MACK    DM686       DM686    019937   

62518

   1989    MACK    MS300 2800 /A       VG6M112B9KB067296    027904   

62508

   1993    MACK    DM690SX 5500 / S       1M2B210COPMO12280    027896   

62523

   1995    MACK    RD690S 4400 /S       1M2P264C8SMO17362    027908   

62521

   1997    MACK    DM690S 4800 /S       1M2B209C2VM021525    027907   

62520

   1997    MACK    DM690S 4800 /S       1M2B209COVMO21524    027906   


62507

   1997    MACK    RD690S 4400 /S       1M2P264C1VM023217    027895   

62514

   2003    Sterl ACTERRA    2800 / A       2FZACGCS73AM03583    027901   

55827

   1984    YALE    GLC040 Fork/Lift       A809NO4594U    027888   

Rye Fuel Company

301

   1998    DODGE    RAM 3500 PICK UP       1B7MF3355WJ143652    027796   

101

   1988    FORD    LN8000 3400/A       1FDYR82A1JVA46112    027783   

209

   2001    FORD    E350 BOX       1FDWE35L21HA61056    027794   

201

   2002    FORD    ECONO VAN       1FTSE34132HA06184    027791   

205

   2002    FORD    ECONO VAN       1FTSE34LX2HA86602    027792   
   2006    FREIGHT LINER          1FVACXCS56HW40611    019932   

105

   1983    INTERNATIONAL    TK 2800/A       2HTAA1951DCA10966    027786   

109

   1987    INTERNATIONAL    S1900 2800/A       1HTLDTVN8JH34604    027790   

108

   1990    INTERNATIONAL    4900 2800/A       1HTSDZ7NXMH333030    027789   

107

   1996    INTERNATIONAL    4900 2800/A       1HTSDAANXTH302420    027788   

106

   2003    INTERNATIONAL    4400 2800/A       1HTMKAANO3H578409    027787   

303

   2000    VENTURE    VU2000 UT TRAILER       47GUA1210YB000250    027797   

103

   1993    VOLVO    FE42 2800/A       4V52AEEB0PR472847    027784   

104

   1993    VOLVO    FE42 2800/A       4V52AEHC9PR471829    027785   


EXHIBIT F

(See Section 3.11 of Security Agreement)

FIXTURES

Owned Real Estate

 

Record Owners

  

State

  

Property Name

  

Address

  

City

  

Zip Code

Ortep of Pennsylvania, Inc.

   PA    Roy E. Miller    301 N. Forge Road    Palmyra    17078

Petro Holdings, Inc.

   CT    Whaleco/Colonial    12 Colonial Road    Canton    06019

Petro Holdings, Inc.

   RI    DeBlois E. Greenwich    2579 South Country Trail    E. Greenwich    02818

Meenan Oil Co, LP

   NY    Burke    26 Bayview Rd. nr. Roa Hook Road    Peekskill    10566

Meenan Oil Co, Inc.

   NJ    Meenan Oil Clinton    108 W. Main Street    Clinton    08809

Meenan Oil Co, LP

   NJ    Meenan Oil Chester    65 Maple Avenue    Chester    07930

Meenan Oil Co, LP

   NJ    Meenan Oil Franklin    460 Route 23    Franklin    07416

Meenan Oil Co, LP

   NJ    BudOil Co.    55 US Highway 46    Hackettstown    07840

Meenan Oil Co, LP

   NY    Wallace    10 Sands Station Road    Middletown    10940

Meenan Oil Co, LP

   PA    Kirk’s Fuel    1859 Route 212    Quakertown    18951

Petro Holdings, Inc.

   RI    Ryan    25 Stafford Street    Warwick    02886

Meenan Oil Co, LP

   NJ    Hamburg    State Route 23 at Oak Street    Hamburg    07419

Petro Inc.

   NY    Billings    Routes 55 & 82    Billings    12510

Petro Holdings, Inc.

   RI    River - Woonsocket    1182 River St.    Woonsocket    02895

Marex Corp.

   MD    Marex Corp.    8900 Citation Rd.    Baltimore    21221

Meenan Oil Co, LP

   NJ    Region Oil    15 Richboyton Road    Dover    07801

Minnwhale LLC

   NJ    Whaleco    800 State Road    Princeton    08540

Petro Inc.

   NY    Eastern Depot    30 Old Dock Road    Yaphank    11980

Meenan Oil Co, LP

   NY    Meenan Long Island    3020 Burns Avenue    Wantagh    11793

Ortep of Pennsylvania, Inc.

   PA    DJ Witman    4025 Pottsville Pike    Reading    19605

Meenan Oil Co, Inc.

   PA    Meenan Oil    113 Main Street    Tullytown    19007

Meenan Oil Co, Inc.

   PA    Young Supply    8301 Lansdowne Avenue    Upper Darby    19082

Richland Partners, LLC

   PA    Richland    62 N. Main Street    Stewartstown    17363

Richland Partners, LLC

   PA    Richland    1234 Cloverleaf Road    Mt Joy    17552

Richland Partners, LLC

   PA    Richland    669 E Ross Street    Lancaster    17602

Richland Partners, LLC

   PA    Richland    572 E. Main Street    New Holland    17557

Richland Partners, LLC

   PA    Richland    25 Hanover Street    York    17404

Petro Holdings, Inc.

   RI    Prov Energy Oil    141 Knight Street    Warwick    02886

Petro Holdings, Inc.

   RI    Prov Energy Oil    12 Stafford Street    Warwick    02886

Petro Holdings, Inc.

   RI    Prov Energy Oil    550 Fish Road    Tiverton    02878

Petro Holdings, Inc.

   RI    Prov Energy Oil    1191 River Street    Woonsocket    02895

Hoffman Fuel Company of Bridgeport

   CT    Bridgeport    195 E. Washington Street    Bridgeport    06611

Hoffman Fuel Company of Danbury

   CT    Danbury    170 White Street    Danbury    06810

Hoffman Fuel Company of Danbury

   CT    New Milford    519 Danbury Rd    New Milford   


Leased Property

 

Location

  

Street

  

City / St / Zip

  

Landlord

  

Legal Entity

New Milford

   511 Danbury Road    New Milford CT 06776    Sycamore Trails Group LLC    Petro Inc.

Connecticut

   52, 55 & 71 Day Street    Norwalk CT 06854    Robert Schwartz    Petro Inc.

New Haven

   212 Elm St.    North Haven CT 06473    O’Leary-Vicunas No. Two, LLC    Petro Holdings, inc.

Corporate

   2187 Atlantic Street    Stamford CT 06902    Antares 2187 Atlantic Spe LLC    Petro Inc.

Boston

   295 Eastern Avenue    Chelsea MA 02150    Northeast Petroleum Div of Cargill, Inc.    Petroleum Heat & Power, Inc.

Boston

   51 Industrial Drive    Readville MA 02081    Antonio Musto & Joseph Musto    Petro Holdings, Inc.

Kenvil

   94 Dell Avenue    Kenvil NJ 07847    Sylway Properties    Minnwhale LLC

Lakewood

   99 River Avenue    Lakewood NJ 08701    Kaitlyn Industries, Inc    Minnwhale LLC

Linden

   11 Lincoln St.    Linden NJ 07036    Linden Associates VI    Minnwhale LLC

Pennsauken

   1701 Sherman Ave.    Pennsauken NJ 08110    Mid America    Minnwhale LLC

South Plainfield

   40 Cragwood Road    South Plainfield NJ 07080    Cragwood LLC    Minnwhale LLC

Wantaugh-S&V Realty

   16A Bayville Avenue    Bayville NY 11709    16 Bayville corp    Meenan Oil Co. LP

Hudson River Petroleum-Burke

   87 N. Main St    Brewster NY 10509    Richard E. Bouton    Meenan Oil Co. LP

Desilva Ice & Fuel (Mt.Kisco)-Burke

   343 N. Bedford Rd.    Brewster NY 10509    Manuel Monterio    Meenan Oil Co. LP

Durkin

   560 N. Main St.    Brewster NY 10509    Durkin water supply.    Meenan Oil Co. LP

Brooklyn

   1820 Cropsey Avenue    Brooklyn NY 11214    Sergio & Vincent Allegretti    Petro Inc.

Floral Park

   185 Magnolia Avenue    Floral Park NY 11001    Patterson Fuel Oil Company Inc    Petro Inc.

Burke Realty Hawthorne

   475 Commerce St.    Hawthorne NY 10532    George E. Burke    Meenan Oil Co. LP

Hicksville

   477 W. John St. and 5 Alpha Plaza    Hicksville NY 11801    Alpha John Associates    Petro Inc.

Hicksville

   51 Alpha Plaza    Hicksville NY 11801    Stelow Inc    Petro Inc.

Highland

   388 Upper North Road    Highland NY 12528    Tricia Holdings, Inc., LLC    Petro, Inc.

Petro - East

   125 West Meadow Road    King’s Park NY 11754    AHJ Associates    Petro Inc.

Maspeth

   55-60 58th Street    Maspeth NY 11378    Capitol Distributors Corp    Petro Inc.

Hardy

   13520 Main St.    Mattituck NY 11952    Joseph Hardy    Petro Inc.

Melville

   520 Broadhollow Road    Melville NY 11747    Reckson Austrailia Portfolio Clearing    Petro Inc.

Carpenter & Smith

   100 Spring St.    Monroe NY 10950    Herbert Schneider    Meenan Oil Co. LP

Burke-Premium

   2101 Post Road    Montrose NY 10548    John Griffin    Meenan Oil Co. LP


Plainview

   3 - 5 Fairchild Court    Plainview NY 11803   

Commander

Enterprises

   Petro Inc.

Plainview

   1 Fairchild Court    Plainview NY 11803    Long Island Industrial MGT LLC    Petro Inc.

Melville - Dispatch / IT

   171 Ames Court    Plainview NY 11803    ESCO Management C/O JFI    Petro Inc.

Effron-Norfe Realty (oil terminal)

   144 and 154 Garden St.    Poughkeepsie NY 12601    Dawn Effron    Meenan Oil Co. LP

Effron-Norfe Realty (office and garage)

   144 and 154 Garden St.    Poughkeepsie NY 12601    Dawn Effron    Meenan Oil Co. LP

Ryan

   47 Patrick Lane    Poughkeepsie NY 12603    Patrick Page Commercial Properties, LLC    Meenan Oil Co. LP

Ryan

   35 Patrick Lane    Poughkeepsie NY 12603    John Page Development, LLC    Meenan Oil Co. LP

Ryan

   Parking Lane Parking Lot    Poughkeepsie NY 12603    Patrick Page Commercial Properties, LLC    Meenan Oil Co. LP

Hardy

   76 Mariner Drive (Northwestern)    Southampton NY 11968    P & J Associates    Petro Inc.

Hardy

   7 Greenfield & 1654 County Road 39    Southampton NY 11968    Joseph Hardy    Petro Inc.

Hardy

   76 Mariner Drive (Southwestern)    Southampton NY 11968    P & J Associates    Petro Inc.

Southampton Termial

   224 N. Main St.    Southampton NY 11968    224 North Main Street LLC    Petro Inc.

Burke-Manuele Mngmt Group

   9 Walnut Place    Thornwood NY 10594    Fariello Family, Trust    Meenan Oil Co. LP

Burke -Verplank

   126 Broadway    Verplank NY 10596    Regina Keefe Trustee    Meenan Oil Co. LP

Bronx

   1416 Williamsbridge    Bronx NY 10461    Ardee Plaza, LLC    Petro Inc.

Leffler-Douglassville

   21 Unionville Rd.    Douglassville PA 19518    NJB Partners LLC    Richland Partners, LLC

Leffler-Douglassville

   Additional space @ 21 Unionville Road    Douglassville PA 19518    NJB Partners LLC    Richland Partners, LLC

Leffler-Lucknow

   3300 Industrial Rd.    Harrisburg PA 17110    Eldorado Properties    Richland Partners, LLC

Mt Joy-(office, garage, rollman bldg.

   13-15 Mount Joy St. (see comment)    Mount Joy PA 17552    DH & PM Properties    Richland Partners, LLC

Leffler-Richland

   225 East Main St.    Richland Borough PA 17087    Premier R&G Properties    Richland Partners, LLC

Pennysylvania

   650 Knowles Ave    Southampton PA 18966    Douglas E. Woosnam    Ortep of Pennsylvania

Allentown

   6330 Farm Bureau Road    Upper Macungie PA 18106    Paul Weis    Ortep of Pennsylvania

Woods

   22 Almeida Ave    East Providence RI 02914    Benker Family LLC    Petro Holdongs, Inc.

Providence

   50 Houghton Street    Providence RI 02904    50 Houghton Associates, LP    Petroleum Heat & Power, Inc.


Buckley

   741 East Main Road    Middeltown RI 02842    Highlander Realty LLC    Petro Holdings, Inc.

Buckley

   1630-1632 Kingstown Rd    South Kingston RI 02879    Highlander Realty LLC    Petro Holdings, Inc.

Arlington

   6873 Lee Highway Arlington    Arlington VA 22213    R. Shreve LLC    A.P. Woodson Company

Wallace

   50 Industrial Place    Middletown NY 10940    Alta East inc.    Meenan Oil Co. LP

Region

   276 Main St.    Hackettstown NJ 07840    CK & S Buliding Dorothy kappers    Meenan Oil Co. LP

Region

   282 Main St.    Hackettstown NJ 07840    DE KAPPERS Dorothy kappers    Meenan Oil Co. LP

Rye Fuel

   225 Greenleaf Avenue    Portsmouth NH 03801    PPG Properties    Rye Fuel Company

Lewis Oil Company

   50 Roselle St.    Mineola NY 11501    Windsor Fuel Company Inc. Pension Trust    Lewis Oil company, Inc.

C. Hoffberger Company

   1400 Ceddox Street    Baltimore MD 21226    E. Stewart Mitchell    C. Hoffberger Company

C. Hoffberger Company

   33 Hudson Street    Annapolis MD 21401    Petroleum Marketing Group, Inc.    C. Hoffberger Company

Lewis Oil Company

   175 Sunnyside Holding Corp.    Plainview NY 11803    175 Sunnyside Blvd., Inc.    Lewis Oil company, Inc.

Lewis Oil Company

   274-C Montauk Hwy    Hampton Bays NY 11946    RCF Properties Corp.    Lewis Oil company, Inc.

Hoffman Fuel Company

   56 Quarry Rodad    Trumbull CT 06611    Robert D. Scinto    Hoffman Fuel Company of Danbury

Champion Energy Company

   1 Radisson Plaza    New Rochelle NY 10801    New Rochelle Hotel Associates    Champion Energy Company

JJ Skeleton Company

   5125 Simpson Ferry Rd    Mechanicsburg PA 17050    Gulf Oil Limited Partnership    JJ Skeleton Company

Tanner (Leffler)

   1120 Mount Rock Rd    Shippensburg PA 17257    Rohr Family Limited Partnership    Richland Partners, LLC

Tanner (Leffler)

   1120 Mount Rock Rd    Shippensburg PA 17257    Rohr Family Limited Partnership    Richland Partners, LLC

Ways Heating and Cooling

   1395 River Road    Titusville NJ 08500    Randy Downs and Robert O’Rourke    Minwhale LLC

Leffler

   1234 Cloverleaf Road    Mount Joy PA 17552    Bridgestone Americas Tire Operations, LLC    Richland Partners, LLC

J.J. Skelton Company

   40 W, Manoa Rd    Havertown, PA 19083    Boyle Energy    J.J. Skelton Company


EXHIBIT G

(See Section 3.13 of Security Agreement and Definition of “Pledged Collateral”)

LIST OF PLEDGED COLLATERAL, SECURITIES AND OTHER INVESTMENT PROPERTY STOCKS

 

Issuer

  

issued in the name of

   CERTIFICATE
NO.
    

Ownership Interest

A.P. Woodson Company

   Petro Inc.      1       100 shares of Common Stock, no par value; 100% ownership interest

CFS LLC

   Richland Partners, LLC      1       100% Membership Interest

Champion Oil Company

   Champion Energy Corporation      3       100 shares of Common Stock, $0.01 par value; 100% ownership interest

Champion Energy Corporation

   Petro Holdings, Inc.      29       100 shares of Common Stock, $0.01 par value; 100% ownership interest

C. Hoffberger Company

   Champion Energy Corporation      1       100 shares of Common Stock, $0.01 par value; 100% ownership interest

Columbia Petroleum Transportation, LLC

   Richland Partners, LLC      100       100% Membership Interest

Hoffman Fuel Company of Bridgeport

   Champion Energy Corporation      1       100 shares of Common Stock, $0.01 par value; 100% ownership interest

Hoffman Fuel Company of Danbury

   Champion Energy Corporation      1       100 shares of Common Stock, $0.01 par value; 100% ownership interest

Hoffman Fuel Company of Stamford

   Champion Energy Corporation      1       100 shares of Common Stock, $0.01 par value; 100% ownership interest

JJ Skelton Oil Company

   Champion Energy Corporation      1       100 shares of Common Stock, $0.01 par value; 100% ownership interest

Lewis Oil Company

   Champion Energy Corporation      2       100 shares of Common Stock, $0.01 par value; 100% ownership interest

Marex Corporation

   Petro, Inc.      100       100 shares of Common Stock, no par value; 100% ownership interest

Minnwhale, LLC

   Petro, Inc.      1       100% Membership Interest

Meenan Holdings of New York, Inc.

   Meenan Oil Co., Inc.      1       100 shares of Common Stock, no par value; 100% ownership interest

Meenan Oil Co., Inc.

   Petro Holdings, Inc.      100       1,269 shares of Common Stock, par value $ 0.01 per share; 100% ownership interest

Meenan Oil Co., L.P.

   1) Meenan Oil Co., Inc.      100       1) 75.069236% Limited Partnership Interest
   2) Meenan Holdings of New York, Inc.      101       2) 24.930764% Limited Partnership Interest

Ortep of Pennsylvania, Inc.

   Petroleum Heat & Power Co., Inc.      1       200 shares of Common Stock, no par value; 100% ownership interest

Petro Plumbing Corporation

   Petroleum Heat & Power Co., Inc.      1       90 shares of Common Stock, $0.01 par value; 90% ownership interest

Petro Inc.

   Petroleum Heat & Power Co., Inc.      C100       950 shares of Common Stock, no par value; 100% ownership interest


Petroleum Heat and Power Co., Inc.

   Petro Holdings, Inc.    No #    26,452,270 shares of Common Stock, no par value; 100% ownership interest

Petro Holdings, Inc.

   Star/Petro, Inc.    1    100 shares of Common Stock, par value $0.01 per share; 100% ownership interest

RegionOil Plumbing, Heating and
Cooling Co., Inc.

   Meenan Oil Co., L.P.    4    90 shares of Common Stock, no par value; 90% ownership interest

Richland Partners, LLC

   Ortep of Pennsylvania, Inc.    100    100% Membership Interest

Rye Fuel Company

   Champion Energy Corporation    1    100 shares of Common Stock, $0.01 par value; 100% ownership interest

Star Gas Finance Company

   Star Gas Partners, L.P.    1    100 shares of Common Stock, $0.01 par value; 100% ownership interest

Star Acquistions, Inc.

   Star Gas Partners, L.P.    2    99.99 shares of Common Stock, $0.01 par value; 99.99% ownership interest

Star Acquistions, Inc.

   Star Gas Partners, L.P.    3    0.01 shares of Common Stock, $0.01 par value; 0.01% ownership interest

Star Gas Partners, L.P.

   Kestrel Heat, LLC       Certificate Representing 324,100 General Partnership Units Representing General Partnerhip Interests

BONDS

 

Name of Grantor

   Issuer      Number      Face Amount      Coupon
Rate
     Maturity  

N/A

              

GOVERNMENT SECURITIES

 

Name of Grantor

   Issuer      Number      Type      Face
Amount
     Coupon
Rate
     Maturity  

N/A

                 

OTHER

 

Name of Grantor

  

Issuer

  

Account Number(s) or Description

NewEdge USA, LLC

   Petroleum Heat and Power Co., Inc.    Account Nos. GGG 76031, 034-76031, 034-76032, and 034-76033; Control Agreement

Morgan Stanley DW

   Petroleum Heat and Power Co.    64289011 [not active - ~$1200 in acct]

JPMorgan Chase Bank, N.A.

   Petroleum Heat and Power Co.    36056919 and 36056885

Star Gas Partners, L.P.

   Petroleum Heat and Power Co.    $80,949,532 10.25% Subordinated Note dated November 16,2010

Star Gas Partners, L.P.

   Petroleum Heat and Power Co.    $34,441,897 9.3% Subordinated Note dated November 16, 2010

[Add description of custody accounts or arrangements with securities intermediary, if applicable]


EXHIBIT H

(See Section 3.1 of Security Agreement)

OFFICES IN WHICH FINANCING STATEMENTS HAVE BEEN FILED

 

NAME OF COMPANY

  

JURISDICTION OF FILING

A.P. Woodson Company

   District of Columbia

Columbia Petroleum Transportation, LLC

   Delaware

Marex Corporation

   Maryland

Minnwhale, LLC

   New York

Meenan Holding of New York, Inc.

   New York

Meenan Oil Co., Inc.

   Delaware

Meenan Oil Co., L.P.

   Delaware

Ortep of Pennsylvania, Inc.

   Pennsylvania

Petro, Inc.

   Delaware

Petro Holdings, Inc.

   Minnesota

Petroleum Heat and Power Co., Inc.

   Minnesota

Richland Partners, LLC

   Pennsylvania

Star Gas Finance Company

   Delaware

Star Gas Partners, L.P.

   Delaware

Star/Petro, Inc.

   Minnesota


EXHIBIT I

(See Section 4.4 and 4.8 of Security Agreement)

AMENDMENT

This Amendment, dated                     ,          is delivered pursuant to Section 4.4 of the Security Agreement referred to below. All defined terms herein shall have the meanings ascribed thereto or incorporated by reference in the Security Agreement. The undersigned hereby certifies that the representations and warranties in Article III of the Security Agreement are and continue to be true and correct. The undersigned further agrees that this Amendment may be attached to that certain Amended and Restated Pledge and Security Agreement, dated as of June 3, 2011, between the undersigned, as the Grantors, and JPMorgan Chase Bank, N.A., as the Collateral Agent, (the “Security Agreement”) and that the Collateral listed on Schedule I to this Amendment shall be and become a part of the Collateral referred to in said Security Agreement and shall secure all Secured Obligations referred to in said Security Agreement.

 

   
By:  
Name:    
Title:    

 

   
By:  
Name:    
Title:    

 

   
By:  
Name:    
Title:    


SCHEDULE I TO AMENDMENT

STOCKS

 

Name of
Grantor

   Issuer      Certificate
Number(s)
     Number of
Shares
     Class of Stock      Percentage of
Outstanding
Shares
 
              
              
              
              

BONDS

 

Name of
Grantor

   Issuer      Number      Face Amount      Coupon Rate      Maturity  
              
              
              
              

GOVERNMENT SECURITIES

 

Name of
Grantor

   Issuer      Number      Type      Face Amount      Coupon Rate      Maturity  
                 
                 
                 
                 

OTHER SECURITIES OR OTHER INVESTMENT PROPERTY

(CERTIFICATED AND UNCERTIFICATED)

 

Name of Grantor

   Issuer      Description of Collateral      Percentage Ownership
Interest
 
        
        
        
        

[Add description of custody accounts or arrangements with securities intermediary, if applicable]


EXHIBIT J

(See definition of “Commercial Tort Claims”)

COMMERCIAL TORT CLAIMS

None

Press Release

Exhibit 99.1

Star Gas Partners, L.P. Amends and Restates $300 Million Credit Facility

STAMFORD, Conn., June 6, 2011 (GLOBE NEWSWIRE) — Star Gas Partners, L.P. (the “Partnership” or “Star”) (NYSE:SGU), a home energy distributor and services provider specializing in heating oil, today announced that it has entered into an amended and restated $300 million credit facility, which may be increased in the future up to $400 million at the Partnership’s request. The amended and restated credit agreement extends the term of the agreement from July 2012 to June 2016. The bank syndicate supporting the revolving credit facility is comprised of fifteen participants, with JPMorgan Chase Bank, N.A. as Administrative Agent, Bank of America, N.A. as Syndication Agent, RBS Citizens, N.A. as Documentation Agent, Key Bank National Association, PNC Bank, N.A., Regions Bank, TD Bank, N.A. and Wells Fargo Capital Finance, LLC, as Senior Managing Agents, and J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., and RBS Citizens, N.A. as Joint Lead Arrangers and Joint Book Runners.

In announcing this revolving credit facility, Richard F. Ambury, Chief Financial Officer said, “We are pleased to once again have an oversubscribed syndication on our amended and restated credit facility, which has been extended through June 2016. We were able to attract six new banks to the group while maintaining the support from our existing institutions.”

About Star Gas Partners, L.P.

Star Gas Partners, L.P., is the nation’s largest retail distributor of home heating oil. Additional information is available by obtaining the Partnership’s SEC filings at www.sec.gov and by visiting Star’s website at www.star-gas.com, where unitholders may request a hard copy of Star’s complete audited financial statements free of charge.

CONTACT: Star Gas Partners

Investor Relations

203/328-7310

Chris Witty

Darrow Associates

646/438-9385 or cwitty@darrowir.com