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Default What does this do?

I got some help here writing some code. I'm trying to do something very
similar to what this line does, but I don't understand this line.

lEndRow = wbkNewHdr.Sheets("Macro Records").Cells(Rows.Count, 2) _
.End(xlUp).Row

I know it defines the final row in the named worksheet. What I don't
understand is what the .Count does, or why the xlUp is not a xlDown.
Can someone explain this line for me?
Thanks!

 
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