Cancellation of Class B Units. Immediately before the consummation of a Class B Cancellation Event, (i) all Class B Units shall automatically be canceled and eliminated, cease to exist and no longer be Outstanding and (ii) each holder of such canceled Class B Units shall automatically cease to have any rights with respect thereto.
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Samples: Limited Partnership Agreement (GasLog Partners LP), Exchange Agreement (CNX Resources Corp), Agreement of Limited Partnership (CNX Midstream Partners LP)
Cancellation of Class B Units. Immediately before In accordance with Section 5.11(f) of the consummation of a Class B Cancellation EventPartnership Agreement, immediately prior to the Effective Time, (i) all each Class B Units Unit then issued and outstanding shall automatically be canceled and eliminated, cease to exist and no longer be Outstanding outstanding, and (ii) each the holder of such canceled Class B Units shall automatically cease to have any rights with respect thereto.
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