Execution Copy
HUNTSMAN MASTER TRUST
SECOND AMENDED AND RESTATED POOLING AGREEMENT
HUNTSMAN RECEIVABLES FINANCE LLC,
as Company
and
HUNTSMAN (EUROPE) BVBA,
as Master servicer
And
J. P. MORGAN BANK (IRELAND) plc
as Trustee
Dated as of April 18, 2006
Sidley Austin
WOOLGATE EXCHANGE
25 BASINGHALL STREET
LONDON EC2V 5HA
TELEPHONE 020 7360 3600
FACSIMILE 020 7626 7937
全文目录如下:
详细内容见附件
SECTION 1.02 Other Definitional Provisions.
ARTICLE II PARTICIPATION IN RECEIVABLES,REPRESENTATIONS WARRANTIES AND COVENANTS
SECTION 2.02 Acceptance by Trustee.
SECTION 2.03 Representations and Warranties of the Company.
SECTION 2.04 Representations and Warranties of the Company Relating to the Receivables.
SECTION 2.05 Adjustment Payment for Ineligible Receivables.
SECTION 2.06 Purchase of Investor Certificate holders' Interest in the Participation.
SECTION 2.07 A ffirmative Covenants of the Company.
SECTION 2.08 Negative Covenants of the Company.
SECTION 2.10 Removal and Withdrawal of Originators and Approved Originators.
SECTION 2.11 FX Hedging Policy.
SECTION 2.12 Notices, Reports, Directions by Master servicer.
SECTION 2.13 Power of Attorney.
ARTICLE III RIGHTS OF HOLDERS AND ALLOCATION AND APPLICATION OF COLLECTIONS
ARTICLE V THE INVESTOR CERTIFICATES AND EXCHANGEABLE COMPANY INTEREST
SECTION 5.01 The Investor Certificates.
SECTION 5.02 Authentication of Certificates.
SECTION 5.03 Registration of Transfer and Exchange of Investor Certificates.
SECTION 5.04 Additional Issuance of Certificates.
SECTION 5.05 Mutilated, Destroyed, Lost or Stolen Investor Certificates.
SECTION 5.06 Persons Deemed Owners.
SECTION 5.07 Appointment of Paying Agent; Distributions by Paying Agent.
SECTION 5.08 Access to List of Investor Certificate holders' Names and Addresses.
SECTION 5.09 Authenticating Agent
SECTION 5.11 Exchangeable Company Interest.
SECTION 5.12 Book-Entry Certificates.
SECTION 5.13 Notices to Clearing Agency.
SECTION 5.14 Definitive Certificates.
SECTION 5.15 Securities Act Restrictions.
ARTICLE VI OTHER MATTERS RELATING TO THE COMPANY
SECTION 6.01 Liability of the Company.
SECTION 6.02 Limitation on Liability of the Company.
ARTICLE VII EARLY AMORTIZATION EVENTS
SECTION 7.01 Early Amortization Events.
SECTION 7.02 Additional Rights upon the Occurrence of Certain Events.
SECTION 8.01 Duties of Trustee.
SECTION 8.02 Rights of the Trustee.
SECTION 8.03 Trustee Not Liable for Recitals.
SECTION 8.04 Trustee May Own Investor Certificates.
SECTION 8.05 Trustee's and the Liquidation Servicer's Fees and Expenses.
SECTION 8.06 Eligibility Recitals.
SECTION 8.07 Resignation or Removal of Trustee.
SECTION 8.08 Successor Trustee.
SECTION 8.09 Merger or Consolidation of Trustee.
SECTION 8.10 Appointment of Co-Trustee or Separate Trustee.
SECTION 8.12 Trustee May Enforce Claims Without Possession of Investor Certificates.
SECTION 8.13 Suits for Enforcement.
SECTION 8.14 Rights of Investor Certificate holders to Direct Trustee.
SECTION 8.15 Representations and Warranties of Trustee.
SECTION 8.16 Maintenance of Office or Agency.
SECTION 8.17 Limitation of Liability.
SECTION 9.01 Termination of Trust.
SECTION 9.02 Optional Purchase and Final Termination Date of Investor Certificates of Any Series.
SECTION 9.03 Final Payment with Respect to Any Series.
SECTION 9.04 The Company's Termination Rights.
ARTICLE X MISCELLANEOUS PROVISIONS
SECTION 10.02 Protection of Right, Title and Interest to Trust.
SECTION 10.03 Governing Law 67
SECTION 10.05 Severability of Provisions.
SECTION 10.07 Investor Certificates Non assessable and Fully Paid.
SECTION 10.08 Further Assurances.
SECTION 10.09 No Waiver; Cumulative Remedies.
SECTION 10.11 Third-Party Beneficiaries.
SECTION 10.12 Actions by Investor Certificate holders.
SECTION 10.13 Merger and Integration.
SECTION 10.16 No Bankruptcy Petition.
SECTION 10.17 Limitation of Liability.
SECTION 10.18 Certain Information.
SECTION 10.19 Responsible Officer Certificates; No Recourse.
SECTION 10.20 Effectiveness of this Agreement.
EXHIBITS
Exhibit A |
|
Form of Company Annual Opinion of Counsel |
Exhibit B |
|
Form of Daily Report |
Exhibit C |
|
Form of Monthly Settlement Report |
SCHEDULES
Schedule 1 |
|
Identification of the (A) Company Concentration Accounts, (B) Series Concentration Accounts and Subaccounts, (C) Collection Accounts and Master Collection Accounts, (D) Company Receipts Accounts and (E) Lock box Accounts |
Schedule 2 |
|
Location of Records of the Company |
Schedule 3 |
|
Receivables Specification and Exception Schedule |
Schedule 4 |
|
Designated Line of Business |
Schedule 5 |
|
FX Hedging Policy |
Schedule 6 |
|
Internal Operating Procedures Memorandum |
ANNEX
Annex X |
|
Definitions |
This SECOND AMENDED AND RESTATED POOLING AGREEMENT dated as of April 18, 2006 (this "Agreement") is entered into by HUNTSMAN RECEIVABLES FINANCE LLC, a limited liability company organized under the laws of the State of Delaware (the "Company"), HUNTSMAN (EUROPE) BVBA, a corporation organized under the laws of Belgium (in its capacity as master servicer, the "Masterservicer") and J. P. MORGAN BANK (IRELAND) plc, a banking institution organized under the laws of Ireland, not in its individual capacity, but solely as trustee (in such capacity, the "Trustee").
W I T N E S S E T H:
WHEREAS, (i) Huntsman International LLC, as buyer, Tioxide Americas Inc., Huntsman Propylene Oxide Ltd., Huntsman Ethylene amines Ltd., Huntsman Expandable Polymers Company, LC, Huntsman Polymers Corporation, Huntsman Petrochemical Corporation and Huntsman International Fuels L. P., (each a "U.S. Originator" and together the "U.S. Originators") entered into the Second Amended and Restated U.S. Receivables Purchase Agreement dated as of April 18, 2006 (as amended, supplemented or otherwise modified from time to time, the "U.S. Receivables Purchase Agreement") relating to the sale of certain Receivables originated by the US Originators, (ii) Huntsman International LLC, as buyer, and Tioxide Europe Limited, Huntsman Surface Sciences UK Ltd. and Huntsman Petrochemicals (UK) Limited (each, a "UK Originator" and together, the "UK Originators") entered into the Amended and Restated UK Receivables Purchase Agreement dated as of April 18, 2006 (as amended, supplemented or otherwise modified from time to time, the "UK Receivables Purchase Agreement") relating to the sale of certain Receivables originated by the UK Originators, (iii) the Company, the Master servicer, Huntsman Holland B. V. (the "Dutch Originator"), Tioxide Europe S. L. and Huntsman Performance Products Spain S. L. (each, a "Spanish Originator" and together, the "Spanish Originators"), Tioxide Europe S. A. S., and Huntsman Surface Sciences (France) S. A. S. (each, a "French Originator" and together, the "French Originators"), Tioxide Europe S.r.l., Huntsman Surface Sciences Italia S.r.l. and Huntsman Patrica S.r.l (each, an "Italian Originator" and together, the "Italian Originators" and together with the Dutch Originator, the Italian Originators, the Spanish Originators, the French Originators and the UK Originators, the "European Originators") entered into the Amended and Restated Omnibus Receivables Purchase Agreement dated as of April 18, 2006 (as amended, supplemented or otherwise modified from time to time, the "Omnibus Receivables Purchase Agreement") relating to the sale of certain Receivables originated by such Originators, (iv) the Company and Huntsman International LLC, as contributor, entered into the Amended and Restated Contribution Agreement dated April 18, 2006 (as amended, supplemented or otherwise modified from time to time, the "Contribution Agreement" and together with the U.S. Receivables Purchase Agreement, the UK Receivables Purchase Agreement and the Omnibus Receivables Purchase Agreement, the "Origination Agreements") pursuant to which Huntsman International LLC (the "Contributor") agreed to contribute, from time to time certain Receivables it has purchased or may purchase from the U.S. Originators and the European Originators as well as the Receivables originated by it and (v) the Company, the Master servicer, the Liquidation servicer, the Local servicers party thereto and the Trustee entered into the Second Amended and Restated Servicing Agreement dated as of April 18, 2006 (as further amended, supplemented or otherwise modified from time to time, the "Servicing Agreement") pursuant to which, among other things, the Master servicer appointed each of the U.S. Originators and the European Originators (collectively, the "Originators") as a local servicer (in such capacity, a "Local servicer") for certain Receivables contributed to the Company;
WHEREAS, the parties hereto entered into the Pooling Agreement on December 21, 2000 (as amended and restated on June 26, 2001 and as further amended and restated as of April 18, 2006, the "Pooling Agreement") in order to create a master trust to which the Company granted a Participation in (without effecting any transfer or conveyance of any right, title or interest hereunder) all of its right, title and interest in, to and under the Receivables, Related Property and other Participation Assets then or thereafter owned by the Company and such master trust agreed, from time to time at the direction of the Company (or the Master servicer on its behalf), to issue one or more Series of Investor Certificates, representing interests in such Participation as specified in the Supplement related to such Series (each as defined herein);