−Removed: For a discussion of risk factors, please read Item 1A, "Risk Factors" in the 2019 Form 10-K.
−Removed: The information below includes additional risks relating to COVID-19.
−Removed: The risks described below and in other documents that we file from time to time with the Securities and Exchange Commission could materially and adversely affect our business, results of operations, cash flow, liquidity or financial condition.
−Removed: OpCo is subject to the credit risk of Westlake on a substantial majority of its revenues, and Westlake's leverage and creditworthiness could adversely affect our ability to make distributions to our unitholders.
−Removed: The ongoing coronavirus (COVID-19) pandemic could materially adversely affect Westlake's business, financial condition and results of operations.
−Removed: Our ability to make distributions to unitholders is substantially dependent on Westlake's ability to meet its minimum contractual obligations under the Ethylene Sales Agreement.
−Removed: If Westlake defaults on its obligations, our ability to make distributions to our unitholders would be reduced or eliminated.
−Removed: Westlake has not pledged any assets to us as security for the performance of its obligations.
−Removed: Westlake has not agreed with us to limit its ability to incur indebtedness, pledge or sell assets or make investments, and we have no control over the amount of indebtedness Westlake incurs, the assets it pledges or sells or the investments it makes.
−Removed: The ongoing coronavirus (COVID-19) outbreak , which the World Health Organization declared as a pandemic on March 11, 2020, has continued to be a rapidly evolving situation.
−Removed: It has resulted in authorities implementing numerous measures to try to contain the disease, such as travel bans and restrictions, quarantines, shelter-in-place orders and shutdowns, among others.
−Removed: There have been widespread adverse impacts on the global economy, our facilities and on our loaned operators, customers and suppliers, as well as Westlake's facilities, and on Westlake's employees, customers and suppliers.
−Removed: While Westlake did not experience significant disruptions in the first quarter of 2020, Westlake expects significant resulting disruptions to its business operations in the near future, as the pandemic and its impacts on the global economy continue to spread through most of its markets.
−Removed: Westlake, which loans us our operators, has modified certain business and workforce practices (including those related to employee travel, employee work locations and cancellation of physical participation in meetings, events and conferences) to conform to government restrictions and best practices encouraged by governmental and regulatory authorities.
−Removed: However, the quarantine of personnel or the inability to access our and Westlake's facilities could adversely affect our and Westlake's operations.
−Removed: We and Westlake may take further actions as required by government authorities or that we and Westlake determine are in the best interests of our employees, customers, partners and suppliers.
−Removed: There is no certainty that such measures will be sufficient to mitigate the risks posed by the disease, and our ability to perform certain functions could be harmed.
−Removed: In addition, while the potential impact and duration of the COVID-19 pandemic on the global economy and our business in particular may be difficult to assess or predict, the pandemic has resulted in, and may continue to result in, significant disruption of global financial markets, which may reduce our and Westlake's ability to access capital or our customers' ability to pay us for past or future purchases, which could negatively affect our liquidity.
−Removed: Westlake currently is the lender to a revolving credit facility with us and with OpCo.
−Removed: We may need to consider alternative sources of funding for some of our operations and for working capital, which may increase our cost of capital.
−Removed: The COVID-19 pandemic could also reduce the demand for our products and Westlake's products.
−Removed: In addition, a recession or a financial market correction resulting from the spread of COVID-19 could adversely affect demand for our products and Westlake's products.
+Added: For a discussion of risk factors, please read Item 1A, "Risk Factors" in the 2019 Form 10-K and in the Form 10-Q for the quarter ended March 31, 2020.
+Added: The risks described in those reports and in other documents that we file from time to time with the Securities and Exchange Commission could materially and adversely affect our business, results of operations, cash flow, liquidity or financial condition.
+Added: Rule 13a – 14(a) / 15d – 14(a) Certification (Principal Executive Officer)
+Added: Rule 13a – 14(a) / 15d – 14(a) Certification (Principal Financial Officer)
+Added: Section 1350 Certification (Principal Executive Officer and Principal Financial Officer)
+Added: XBRL Instance Document–The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.
+Added: XBRL Taxonomy Extension Schema Document
+Added: XBRL Taxonomy Extension Calculation Linkbase Document
+Added: XBRL Taxonomy Extension Definition Linkbase Document
+Added: XBRL Taxonomy Extension Label Linkbase Document
+Added: XBRL Taxonomy Extension Presentation Linkbase Document
+Added: Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
+Added: _____________
+Added: Filed herewith.
+Added: Furnished herewith.
+Added: 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 thereunto duly authorized.
+Added: WESTLAKE CHEMICAL PARTNERS LP
+Added: August 6, 2020
+Added: / S / A LBERT C HAO
+Added: President, Chief Executive Officer and Director of
+Added: Westlake Chemical Partners GP LLC
+Added: (Principal Executive Officer)
+Added: August 6, 2020
+Added: S TEVEN B ENDER
+Added: Steven Bender
+Added: Senior Vice President, Chief Financial Officer and
+Added: Director of Westlake Chemical Partners GP LLC
+Added: (Principal Financial Officer)
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.