Common use of Rights After the Redemption Date Clause in Contracts

Rights After the Redemption Date. From and after the close of business on the Class B, Series 1 Units Redemption Date, unless there shall have been a default in the payment of the Class B, Series 1 Units Redemption Price, all rights of the Class B, Series 1 Limited Partner whose Class B, Series 1 Units are being redeemed (except the right to receive the Class B, Series 1 Units Redemption Price) shall cease with respect to such Units, and thereafter such Units shall not be deemed to be outstanding for any purpose whatsoever.

Appears in 2 contracts

Samples: Limited Partnership Agreement (NextEra Energy Partners, LP), Limited Partnership Agreement (NextEra Energy Partners, LP)

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Rights After the Redemption Date. From and after the close of business on the Class B, Series 1 2 Units Redemption Date, unless there shall have been a default in the payment of the Class B, Series 1 2 Units Redemption Price, all rights of the Class B, Series 1 2 Limited Partner whose Class B, Series 1 2 Units are being redeemed (except the right to receive the Class B, Series 1 2 Units Redemption Price) shall cease with respect to such Units, and thereafter such Units shall not be deemed to be outstanding for any purpose whatsoever.

Appears in 2 contracts

Samples: Limited Partnership Agreement (NextEra Energy Partners, LP), Limited Partnership Agreement (NextEra Energy Partners, LP)

Rights After the Redemption Date. From and after the close of business on the Class B, Series 1 Units Redemption Date, unless there shall have been a default in the payment of the Class B, Series 1 Units Redemption Price, all rights of the Class B, Series 1 Limited Partner whose Class B, Series 1 Units are being redeemed (except the right to receive the Class B, Series 1 Units Redemption Price) shall cease with respect to such Units, and thereafter such Units shall not be deemed to be outstanding for any purpose whatsoever.

Appears in 1 contract

Samples: Class B, Series 1 Limited Partner Interests Amendment (NextEra Energy Partners, LP)

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Rights After the Redemption Date. From and after the close of business on the Class B, Series 1 Units Redemption Date, unless there shall have been a default in the payment of the Class B, Series 1 Units Redemption Price, all rights of the Class B, Series 1 2 Limited Partner whose Class B, Series 1 2 Units are being redeemed (except the right to receive the Class B, Series 1 Units Redemption Price) shall cease with respect to such Units, and thereafter such Units shall not be deemed to be outstanding for any purpose whatsoever.

Appears in 1 contract

Samples: Class B, Series 2 Limited Partner Interests Amendment (NextEra Energy Partners, LP)

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