Common use of Cash Available for Distribution Clause in Contracts

Cash Available for Distribution. With respect to any calendar quarter, all Partnership cash, demand deposits and short-term marketable securities on hand as of the last day of such calendar quarter, after payment of all fees, debt service, and operating costs of the Partnership, and less such reserves as the General Partner, in its sole discretion, shall deem reasonable to retain in order to provide for the operation of the Partnership’s business.

Appears in 4 contracts

Samples: Crest Settlement Agreement (Sabine Pass LNG, L.P.), Limited Partnership Agreement (Cheniere Energy Inc), Settlement and Purchase Agreement (Sabine Pass LNG, L.P.)

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