Adjustments for Splits Clause Samples
The "Adjustments for Splits" clause defines how contractual terms, particularly those involving shares or equity, are modified in the event of a stock split or reverse split. When a company changes the number of its outstanding shares without altering the total value, such as by issuing more shares to existing holders (stock split) or consolidating shares (reverse split), this clause ensures that quantities, prices, and other relevant figures in the contract are proportionally adjusted. Its core function is to maintain fairness and accuracy in contractual obligations by preventing unintended gains or losses due to changes in share structure.
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Adjustments for Splits. Etc. All references to the number of Shares and the purchase price of the Shares in this Agreement shall be automatically adjusted to reflect any stock split, stock dividend or like change in the shares of Class A Common Stock which may be made by the Company after the date of this Agreement.
Adjustments for Splits. The parties acknowledge and agree that all Unit-related numbers contained in this Agreement shall be adjusted to take into account any Unit split, Unit dividend or similar event effected with respect to the Placement Units.
Adjustments for Splits. The parties acknowledge and agree that all Placement Securities‑related numbers contained in this Agreement shall be adjusted to take into account any consolidation, split, dividend, corporate domestication or similar event effected with respect to the Placement Securities.
Adjustments for Splits. The parties acknowledge and agree that all Notes-related numbers contained in this Agreement shall be adjusted to take into account any consolidation, split, dividend, corporate domestication or similar event effected with respect to the Placement Notes.
Adjustments for Splits. Notwithstanding anything herein to the contrary, all measurements and references herein related to per-Unit values, prices and numbers (including Class A Sharing Percentage, Class A Unit Fair Market Value, Class A Unit Price, Class A Units, Class B Distribution Rate, Class B Issue Price, Class B Liquidation Value, Class B Sharing Percentage, Class B Units and PIK Units), shall be, in each instance, appropriately adjusted for Unit splits, combinations, distributions and the like.