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.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sanchez Energy Corp), Production Marketing Agreement (Sanchez Energy Corp)
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 InterestsUnits, 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 Units by such subdivision, combination or distribution.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ecosphere Technologies Inc), Limited Liability Company Agreement (Ecosphere Technologies Inc)