Splits and Reverse Splits. Subject to any protective provisions set forth in this Agreement or in any Certificate of Designations, the Board of Managers may effect a split or reverse split of any class of Units or any series of Preferred Units, by adopting a resolution to that effect. If the Board of Managers determines that it is desirable to make any filings in order to reference the existence of such a split or reverse split, the Board of Managers may cause such filings to be made. These filings may take the form of amendments to the Certificate. Unless specifically required by the Act, no approval or Consent of any Member shall be required in connection with the making of such filing.
Splits and Reverse Splits. If at any time on or after the date hereof the Company shall subdivide its outstanding shares of Class B Common Stock into a greater number of shares, the Warrant Price in effect immediately prior to such subdivision shall thereby be proportionately reduced and the number of shares receivable upon exercise of the Warrant shall thereby be proportionately increased; and, conversely, if at any time on or after the date hereof the outstanding number of shares of Class B Common Stock shall be combined into a smaller number of shares, the Warrant Price in effect immediately prior to such combination shall thereby be proportionately increased and the number of shares receivable upon exercise of this Warrant shall thereby be proportionately decreased.
Splits and Reverse Splits. If the Company subdivides its Shares into a greater number of Shares, the number of Shares issuable upon exercise of the Warrants pursuant to the Conditions shall be proportionately increased, and the Exercise Price shall be proportionately reduced. If the Shares are reduced, combined or consolidated into a lesser number of Shares, the Exercise Price shall be proportionately increased and the number of Shares issuable upon exercise of the Warrants pursuant to the Conditions shall be proportionately reduced.
Splits and Reverse Splits. In the event that Company completes a split or reverse split of its Common Stock (the “Split”), the number of Warrant Shares to be delivered upon exercise of this Warrant will be adjusted so that the Holder will be entitled to receive the number of shares that the Holder would have owned or been entitled to receive upon or by reason of such event had this Warrant been exercised immediately prior to the Split and the Exercise Price will be adjusted so that the total amount required to exercise the purchase of all the Warrant Shares under this Warrant shall be the same as it was prior to the adjustment of the number of Warrant Shares for the Split.
