CANCELLATION AND RETIREMENT OF NON. CONTRIBUTED PARTNERSHIP INTERESTS. Each Non-Contributed Partnership Interest converted into the right to receive the Merger Consideration pursuant to Section 1.05(b) shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each holder of such Non-Contributed Partnership Interests so converted shall thereafter cease to have any rights as a partner of the Partnership, except the right to receive the Merger Consideration applicable thereto.
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Samples: Merger Agreement (Douglas Emmett Inc), Merger Agreement (Douglas Emmett Inc), Merger Agreement (Douglas Emmett Inc)
CANCELLATION AND RETIREMENT OF NON. CONTRIBUTED PARTNERSHIP INTERESTS. Each Non-Contributed Partnership Interest converted into the right to receive the Merger Consideration pursuant to Section 1.05(b) shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and each holder of such Non-Contributed Partnership Interests so converted shall thereafter cease to have any rights as a partner of the Partnership, except the right to receive the Merger Consideration applicable thereto.shall
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