Common use of Treatment of Units Clause in Contracts

Treatment of Units. The Units shall be converted by virtue of the -------------------- Security Exchange, and at the Effective Date, into an aggregate of 3,800,000 shares of Wentworth Common Stock ("Whitco Shares"), on the basis of 3,350.47217 shares of Wentworth Common Stock for each Unit, without any action on the part of the holders thereof. After the Effective Date, each holder of Units prior to the Security Exchange shall be entitled, upon surrender, to receive from Wentworth a certificate representing the number of shares of Wentworth Common Stock to which such holder shall be entitled, which certificate shall contain any appropriate restrictive legend concerning the resale of such Wentworth Common Stock. Until so surrendered, any outstanding certificates or other documentation which, prior to the Effective Date, represented Units, shall be deemed for all corporate purposes to evidence ownership of Wentworth Common Stock into which such Units shall have been exchanged. Upon exchange, any fractional Wentworth Common Stock resulting from exchange shall be rounded up to the next highest whole number.