Amendment of the Pledge Agreement

Amendment of the Pledge Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 8 hereof the Agent the Collateral Agent and the Lenders hereby consent to the amendment of Section 5 05 e of Article V of the Pledge Agreement to include the following provisions at the end of the first sentence thereof provided that as a condition precedent to any such sale or transfer of all or substantially all of the assets constituting the Project by the Collateral Agent to any purchaser or transferee such... purchaser or transferee and Cheniere Energy Inc shall i enter into an assumption agreement substantially in the form of the Assumption Agreement unless at the time of each such transfer Cheniere Energy Inc or any of its direct and indirect affiliates joint ventures and subsidiaries that are involved in the LNG business have under contract at one or more LNG facilities it retains the right and obligation to process and receive a tariff for processing at least one Bcf of gas per day for a period of at least five years following such transfer of assets and ii to the extent any purchaser or transferee is required to enter into any such assumption agreement be assigned the benefits of the Indemnification Agreement View More