Effect of Exercise of the Redemption-Exchange Right. 6.5.1 If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date: 6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred; 6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange Units, other than the right to receive the Redemption Amount or the Applicable Number of BIP Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date; 6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP shall exchange the Redemption-Exchange Units for Managing General Partner Units on a one for one basis and, in addition to any other Units previously held by BIP, BIP will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Units equal to the number of Redemption-Exchange Units exchanged pursuant to the Exchange Right; and 6.5.1.4 other than as specifically contemplated herein, the BIP Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP Partnership Agreement.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.), Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)
Effect of Exercise of the Redemption-Exchange Right. 6.5.1 6.5.1. If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date:
6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred;
6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange Units, other than the right to receive the Redemption Amount or the Applicable Number of BIP BREP Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date;
6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP BREP shall exchange the Redemption-Exchange Units for Managing General Partner Class A Units on a one for one basis and, in addition to any other Units previously held by BIPBREP, BIP BREP will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Class A Units equal to the number of Redemption-Exchange Units exchanged pursuant to the Exchange Right; and
6.5.1.4 other than as specifically contemplated herein, the BIP BREP Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP BREP Partnership Agreement.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Brookfield Renewable Energy Partners L.P.), Limited Partnership Agreement (Brookfield Renewable Energy Partners L.P.), Limited Partnership Agreement (Brookfield Renewable Energy Partners L.P.)
Effect of Exercise of the Redemption-Exchange Right. 6.5.1 6.5.1. If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date:
6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred;
6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange Units, other than the right to receive the Redemption Amount or the Applicable Number of BIP BBP Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date;
6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP BBP shall exchange the Redemption-Exchange Units for Managing General Partner Units on a one for one basis and, in addition to any other Units previously held by BIPBBP, BIP BBP will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Units equal to the number of Redemption-Exchange Units exchanged pursuant to the Exchange Right; and
6.5.1.4 other than as specifically contemplated herein, the BIP BBP Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP BBP Partnership Agreement.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Brookfield Business Partners L.P.), Limited Partnership Agreement (Brookfield Business Partners L.P.)
Effect of Exercise of the Redemption-Exchange Right. 6.5.1 6.5.1. If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date:
6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred;
6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange Units, other than the right to receive the Redemption Amount or the Applicable Number of BIP BPY Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date;
6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP BPY shall exchange the Redemption-Exchange Units for Managing General Partner Class A Units on a one for one basis and, in addition to any other Units previously held by BIPBPY, BIP BPY will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Class A Units equal to the number of Redemption-Exchange Units exchanged pursuant to the Exchange Right; and
6.5.1.4 other than as specifically contemplated herein, the BIP BPY Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP BPY Partnership Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Brookfield Property Partners L.P.), Limited Partnership Agreement (Brookfield Property Partners L.P.)
Effect of Exercise of the Redemption-Exchange Right. 6.5.1
6.5.1. If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date:
6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred;occurred;
6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange Units, other than the right to receive the Redemption Amount or the Applicable Number of BIP BEP Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date;
6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP BEP shall exchange the Redemption-Exchange Units for Managing General Partner Class A Units on a one for one basis and, in addition to any other Units previously held by BIPBEP, BIP BEP will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Class A Units equal to the number of Redemption-Redemption- Exchange Units exchanged pursuant to the Exchange Right; and
6.5.1.4 other than as specifically contemplated herein, the BIP BEP Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP BEP Partnership Agreement.
Appears in 2 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement
Effect of Exercise of the Redemption-Exchange Right. 6.5.1 6.5.1. If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date:
6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred;
6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange Units, other than the right to receive the Redemption Amount or the Applicable Number of BIP Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date;
6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP shall exchange the Redemption-Exchange Units for Managing General Partner Units on a one for one basis and, in addition to any other Units previously held by BIP, BIP will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Units equal to the number of Redemption-Exchange Units exchanged pursuant to the Exchange Right; and
6.5.1.4 other than as specifically contemplated herein, the BIP Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP Partnership Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)
Effect of Exercise of the Redemption-Exchange Right. 6.5.1 6.5.1. If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date:
6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred;
6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange Units, other than the right to receive the Redemption Amount or the Applicable Number of BIP BEP Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date;
6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP BEP shall exchange the Redemption-Exchange Units for Managing General Partner Class A Units on a one for one basis and, in addition to any other Units previously held by BIPBEP, BIP BEP will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Class A Units equal to the number of Redemption-Exchange Units exchanged pursuant to the Exchange Right; and
6.5.1.4 other than as specifically contemplated herein, the BIP BEP Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP BEP Partnership Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Brookfield Renewable Partners L.P.)
Effect of Exercise of the Redemption-Exchange Right. 6.5.1 6.5.1. If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date:
6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred;
6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange Units, other than the right to receive the Redemption Amount or the Applicable Number of BIP Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date;
6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP shall exchange the Redemption-Exchange Units for Managing General Partner Class A Units on a one for one basis and, in addition to any other Units previously held by BIP, BIP will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Class A Units equal to the number of Redemption-Exchange Units exchanged pursuant to the Exchange Right; and
6.5.1.4 other than as specifically contemplated herein, the BIP Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP Partnership Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Brookfield Infrastructure Partners L.P.)
Effect of Exercise of the Redemption-Exchange Right. 6.5.1 6.5.1. If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date:
6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred;
6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange UnitsXxxxx, other than the right to receive the Redemption Amount or the Applicable Number of BIP BBP Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date;
6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP BBP shall exchange the Redemption-Exchange Units for Managing General Partner Units on a one for one basis and, in addition to any other Units previously held by BIPBBP, BIP BBP will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Units equal to the number of Redemption-Exchange Units exchanged pursuant to the Exchange Right; and
6.5.1.4 other than as specifically contemplated herein, the BIP BBP Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP BBP Partnership Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Brookfield Business Partners L.P.)
Effect of Exercise of the Redemption-Exchange Right. 6.5.1 6.5.1. If the Redemption Right has been exercised, at 8:30 a.m. (Bermuda time) on the Redemption-Exchange Date:
6.5.1.1 the closing of the redemption contemplated by the Redemption Notice or, if applicable, the closing of the exchange contemplated by the Exchange Notice will be deemed to have occurred;
6.5.1.2 any Redemption-Exchange Unitholder who exercised the Redemption Right will cease to be a holder of such Redemption-Exchange Units and will not be entitled to exercise any of the rights in respect of such Redemption-Exchange Units, other than the right to receive the Redemption Amount or the Applicable Number of BIP BPY Units deliverable hereunder and any right to receive distributions payable in respect of such Redemption-Exchange Units for any Quarter ending prior to the Redemption-Exchange Date;
6.5.1.3 immediately following the closing of the exchange contemplated by Section 6.5.1.1, if applicable, BIP BPY shall exchange the Redemption-Exchange Units for Managing General Partner Units on a one for one basis and, in addition to any other Units previously held by BIPBPY, BIP BPY will be considered and deemed for all purposes to be the holder of the number of Managing General Partner Units equal to the number of Redemption-Exchange Units exchanged pursuant to the Exchange Right; and
6.5.1.4 other than as specifically contemplated herein, the BIP BPY Units issued to any Redemption-Exchange Unitholder pursuant to Section 6.2.2 will be issued in accordance with the BIP BPY Partnership Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement (Brookfield Property Partners L.P.)
