Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex32.htm |
| EX-31.2 - EXHIBIT 31.2 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex312.htm |
| EX-31.1 - EXHIBIT 31.1 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex311.htm |
| EX-23.2 - EXHIBIT 23.2 - PHILLIPS 66 PARTNERS LP | mlp-2016123110xk_ex232.htm |
| EX-23.1 - EXHIBIT 23.1 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex231.htm |
| EX-21 - EXHIBIT 21 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex21.htm |
| EX-12 - EXHIBIT 12 - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xkxex12.htm |
| 10-K - 10-K - PHILLIPS 66 PARTNERS LP | mlp-20161231_10xk.htm |
Exhibit 10.19
SIXTH AMENDMENT TO THE
OMNIBUS AGREEMENT
OMNIBUS AGREEMENT
This Sixth Amendment (this “Sixth Amendment”) to the Omnibus Agreement (as amended, the “Omnibus Agreement”) by and among Phillips 66 Company (“Company”), on behalf of itself and the other Phillips 66 Entities (as defined in the Omnibus Agreement), Phillips 66 Pipeline LLC (“Pipeline”), Phillips 66 Partners LP (the “Partnership”), Phillips 66 Partners Holdings LLC (“Holdings”), Phillips 66 Carrier LLC (“Carrier”) and Philips 66 Partners GP LLC (the “General Partner”) is dated as of the 11th day of January, 2017.
WHEREAS, the Parties entered into the First Amendment, Second Amendment, Third Amendment, Fourth Amendment, and Fifth Amendment to the Omnibus Agreement effective as of March 1, 2014, December 1, 2014, March 1, 2015, March 1, 2016, and October 14, 2016, respectively; and
WHEREAS, the Parties seek to amend the Omnibus Agreement to include certain assets acquired by the Partnership on November 17, 2016.
NOW THEREFORE, for and in consideration of the forgoing, the mutual covenants, terms and conditions of the Agreement, as amended by this Sixth Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
1. | Unless otherwise noted, the capitalized terms used herein shall have the definitions set forth in the Omnibus Agreement. |
2. | Section 4.01(a) of the Omnibus Agreement is hereby amended and restated in its entirety as follows: |
“(a) Company agrees to provide, and agrees to cause its Affiliates to provide, on behalf of the General Partner and for the Partnership Group’s benefit, the Services (such Services to be provided, to the extent applicable, in connection with the Assets and any other assets acquired or developed by the Partnership Group from time to time). As consideration for the Services, the Partnership will pay Company an operational and administrative support fee of $7,218,667.67 per Month (as adjusted pursuant to Section 4.01(b) and (c), the “Operational and Administrative Support Fee”), payable without discount no later than the 21st Day of the Month in which Services are rendered, provided that if such Day is not a Business Day, then the Partnership shall pay such amount without interest on the next Business Day. If the Effective Date is any day other than the first day of a Month, or if this Agreement is terminated on any day other than the last day of a Month, then the Operational and Administrative Support Fee for the relevant Month shall be prorated based on the ratio of the number of days in the relevant partial Month to the number of days in the relevant full Month.”
3. | This Sixth Amendment shall be effective as of November 17, 2016. |
4. | Except as expressly set forth herein, all other terms and conditions of the Omnibus Agreement shall remain in full force and effect. |
[Signature Pages Follow]
IN WITNESS WHEREOF, the duly authorized representatives of the Parties have executed this Sixth Amendment as of the date first above written.
PHILLIPS 66 COMPANY | |
By: | /s/ Robert A. Herman |
Robert A. Herman | |
Executive Vice President, Midstream | |
2
PHILLIPS 66 PIPELINE LLC | |
By: | /s/ Todd Denton |
Todd Denton | |
President | |
PHILLIPS 66 CARRIER LLC | |
By: | /s/ Todd Denton |
Todd Denton | |
President | |
Signature Page to Sixth Amendment to the Omnibus Agreement
PHILLIPS 66 PARTNERS LP | |
By: | Phillips 66 Partners GP, LLC, General Partner of Phillips 66 Partners LP |
By: | /s/ J.T. Liberti |
J.T. Liberti | |
Vice President and Chief Operating Officer | |
PHILLIPS 66 PARTNERS GP, LLC | |
By: | /s/ J.T. Liberti |
J.T. Liberti | |
Vice President and Chief Operating Officer | |
PHILLIPS 66 PARTNERS HOLDINGS LLC | |
By: | /s/ J.T. Liberti |
J.T. Liberti | |
Vice President | |
Signature Page to Sixth Amendment to the Omnibus Agreement