Examples of CMI TUA in a sentence
CEI will not permit CQP GP to amend the CMI TUA (x) in any manner that would enable Total or Chevron to reduce its monthly operating fee or reservation fee or (y) in any manner that would cause Sabine’s fixed charge coverage ratio under its Indenture to be less than 2.0x.
The full amount of any payments made by LNGCo to Sabine under Section 5.2 of the Services Agreement shall be set off against and reduce any amount owed or owing by CMI to Sabine under the CMI TUA.
Sabine will promptly give notice to LNGCo of any notice to or from CMI of a default under the CMI TUA or an OCA or the exercise of any right to terminate the CMI TUA or an OCA.
Upon receipt of an LNGCo TUA Exercise Notice by Sabine, Sabine shall deliver a separate written notice to CMI (the “LNGCo TUA Reduction Notice”) instructing CMI that the Maximum Reception Quantity and the Maximum Gas Redelivery Rate (each as defined in the CMI TUA) will be reduced for the term of the LNGCo TUA, such reduction to be effective as of the effective date of the LNGCo TUA and equal to the Maximum LNG Reception Quantity and Maximum Gas Redelivery Rate set out in the LNGCo TUA.
The Administrative Agent shall have received evidence in form and substance satisfactory to the Lenders of the assignment by CMI of its rights and obligations under the CMI TUA to Cheniere Energy Investments, LLC, such assignment to be in form and substance satisfactory to the Lenders.
All notices and other communications between the Parties shall be in writing and shall be deemed to have been duly given in accordance with the notice provisions of the CMI TUA.
Much of the construction under both the City East and Preferred Alternative would be located within the boundaries of the existing plaza.
Except as provided in Section 5.2 of the Services Agreement, the obligation to make payments of the Reservation Fee and the Operating Fee and any other costs payable to Sabine under the CMI TUA shall remain the sole obligation of CMI and LNGCo shall have no liability for CMI’s failure to make any such payments to Sabine.
Subject to the express rights to enter into Third Party TUAs and the right to amend the CMI TUA as permitted by Section 3.1 of this Agreement in connection therewith, Sabine Pass and CMI agree not to amend or modify the CMI TUA or any of the documents executed in connection therewith in any way which would materially affect LNGCo's rights under any LNGCo Agreement or which would prohibit or adversely impact the Parties' ability to perform the Contemplated Transactions.
Estimated Future Cash Flows Receipts Freeport $10-20 Distributions from CQP 255 Management fees 19 Annualized* ($ in MM) Disbursements CMI TUA @ Sabine Pass $252 G&A 30-40 Pipeline & tug services 10-20 Other, incl adv tax payments 3-5 Debt service 46 Net cash outflow $50 - 70 Estimates represent a summary of internal forecasts, are based on current assumptions and are subject to change.