Common use of Significant Event Clause in Contracts

Significant Event. In any transaction constituting a Significant Event involving the Transfer of Partnership Interests, the proceeds of such Significant Event shall be shared among the Partners as such proceeds would be distributed pursuant to Section 5.12(b)(iv) and Section 12.4 as if the Significant Event was a sale of the Partnership’s assets.

Appears in 3 contracts

Samples: Fourth (Cheniere Energy Partners, L.P.), Agreement, Cheniere Energy Partners, L.P.

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Significant Event. In any transaction constituting a Significant Event involving the Transfer of Partnership Interests, the proceeds of such Significant Event shall be shared among the Partners as such proceeds would be distributed pursuant to Section 5.12(b)(iv) and Section 12.4 as if the Significant Event was a sale of the Partnership’s 's assets.

Appears in 1 contract

Samples: Cheniere Energy Partners, L.P.

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Significant Event. In any transaction constituting a Significant Event involving the Transfer of Partnership Interests, the proceeds of such Significant Event shall be shared among the Partners as such proceeds would be distributed pursuant to Section 5.12(b)(iv5.12(b)(vi) and Section 12.4 as if the Significant Event was a sale of the Partnership’s 's assets.

Appears in 1 contract

Samples: Unit Purchase Agreement (Cheniere Energy Partners, L.P.)

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