Quarterly Accruals. (A) Commencing on the Applicable Funding Date with respect to a Class B Unit, the Class B Conversion Value of such Class B Unit shall increase and compound quarterly (each, a “Class B Quarterly Accrual”), in an amount equal to the Class B Accrual Rate. Accruals shall be made on the last day of each Quarter except as provided in Section 5.12(b)(vi)(B) (each such date, a “Class B Accrual Date”).
Appears in 3 contracts
Samples: Agreement, Cheniere Energy Partners, L.P., Cheniere Energy Partners, L.P.
Quarterly Accruals. (A) Commencing on the Applicable Funding Date with respect to a CEI Class B UnitInitial Funding Date, the Class B Conversion Value of such each Class B Unit shall increase and compound quarterly (each, a “Class B Quarterly Accrual”), in an amount equal to the Class B Accrual Rate. 57 Accruals shall be made on the last day of each Quarter except as provided in Section 5.12(b)(vi)(B) (each such date, a “Class B Accrual Date”).
Appears in 1 contract
Samples: Unit Purchase Agreement (Cheniere Energy Partners, L.P.)
