Adjustments for Unit Splits Clause Samples
The "Adjustments for Unit Splits" clause defines how contractual terms are modified in the event that the underlying units—such as shares, partnership interests, or other equity units—are split or consolidated. In practice, this clause ensures that quantities, prices, or other relevant figures in the agreement are automatically adjusted to reflect the new number of units after a split or reverse split. For example, if a company performs a 2-for-1 stock split, the number of shares referenced in the contract would double, and the price per share would be halved accordingly. The core function of this clause is to maintain the economic equivalence of the parties’ rights and obligations despite changes in the number of units, thereby preventing unintended windfalls or losses due to corporate actions.
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Adjustments for Unit Splits. Wherever in this Agreement there is a reference to a specific number of Common Units, Class A Units or other units of any class or series of Membership Interests (“Units”), or a price per Unit, or consideration received in respect of such Unit, then, upon the occurrence of any subdivision, combination or distribution of such class or series of Membership Interests, the specific number of Units so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding Units of such class or series of Membership Interests by such subdivision, combination or distribution.
Adjustments for Unit 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 effected with respect to the Units.
Adjustments for Unit Splits. Wherever in this Agreement there is a reference to a specific number of Common Units, Class A Units or other units of any class or series of Membership Interests (“Units”), or a price per Unit, or consideration received in respect of such Unit, then, upon the occurrence of any subdivision, combination or distribution of such class or series of Membership Interests, the specific number of Units so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding Units of such class or series of Membership Interests by such subdivision, combination or distribution. [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
Adjustments for Unit Splits. Wherever in this Agreement there is a reference to a specific number of Units of any class or series of Membership Interests, or a price per Unit, or consideration received in respect of such Unit, then, upon the occurrence of any subdivision, combination or distribution of such class or series of Membership Interests, the specific number of Units or the price so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding Units of such class or series of Membership Interests by such subdivision, combination or distribution. By: /s/ W. ▇▇▇▇ ▇▇▇▇▇▇▇ Name: W. ▇▇▇▇ ▇▇▇▇▇▇▇ Title: CFO & Executive Vice President