Distribution Reserve Account. (a) Immediately prior to the closing of the Initial Public Offering, the Partnership established an account with a financial institution organized under the laws of the United States of America, or any state thereof, and having total assets in excess of $500,000,000 and a combined capital and surplus of at least $100,000,000 (the “Distribution Reserve Account”).
Appears in 5 contracts
Samples: Fourth (Cheniere Energy Partners, L.P.), Agreement, Unit Purchase Agreement (Cheniere Energy Partners, L.P.)
Distribution Reserve Account. (a) Immediately prior to the closing of the Initial Public Offering, the Partnership shall have established an account with a financial institution organized under the laws of the United States of America, or any state thereof, and having total assets in excess of $500,000,000 and a combined capital and surplus of at least $100,000,000 (the “Distribution Reserve Account”).
Appears in 1 contract
Samples: Cheniere Energy Partners, L.P.
