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: NextEra Energy Partners, LP, 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: NextEra Energy Partners, LP, 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: 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 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: Agreement (NextEra Energy Partners, LP)

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