Common use of Unit Dividends, Splits, Etc Clause in Contracts

Unit Dividends, Splits, Etc. If the Company declares or pays a dividend or distribution on the outstanding units of the Class payable in additional units of the Class or other units, securities or property (other than cash), then upon exercise of this Warrant, for each Unit acquired, Holder shall receive, without additional cost to Holder, the total number and kind of units, securities and property which Holder would have received had Holder owned the Units of record as of the date the dividend or distribution occurred. If the Company subdivides the outstanding units of the Class by reclassification or otherwise into a greater number of units, the number of Units purchasable hereunder shall be proportionately increased and the Warrant Price shall be proportionately decreased. If the outstanding units of the Class are combined or consolidated, by reclassification or otherwise, into a lesser number of units, the Warrant Price shall be proportionately increased and the number of Units shall be proportionately decreased.

Appears in 7 contracts

Samples: DiCE MOLECULES HOLDINGS, LLC, DiCE MOLECULES HOLDINGS, LLC, Morphic Holding, Inc.

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Unit Dividends, Splits, Etc. If the Company declares or pays a dividend or distribution on the outstanding units Units payable in membership interests, or other securities of the Class payable in additional units of the Class or other units, securities or property (other than cash)Company, then upon exercise of this Warrant, for each Unit acquired, Holder shall receive, without additional cost to Holder, the total number and kind of units, securities and property to which Holder would have received been entitled had Holder owned the Units of record as of the date the dividend or distribution occurred. If the Company subdivides the outstanding units of the Class Units by reclassification or otherwise into a greater number of unitsUnits or takes any other action which increases the amount of Units into which the Units are convertible, the number of Units purchasable hereunder shall be proportionately increased and the Warrant Price shall be proportionately decreased. If the outstanding units of the Class Units are combined or consolidated, by reclassification or otherwise, into a lesser number of unitsUnits, the Warrant Price shall be proportionately increased and the number of Units shall be proportionately decreased.

Appears in 2 contracts

Samples: Rice Energy Inc., Rice Energy Inc.

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Unit Dividends, Splits, Etc. If the Company declares or pays a dividend or distribution on the outstanding units of the Class payable in additional common units of the Class or other units, securities or property (other than cash), then upon exercise of this Warrant, for each Unit acquired, Holder shall receive, without additional cost to Holder, the total number and kind of units, securities and property which Holder would have received had Holder owned the Units of record as of the date the dividend or distribution occurred. If the Company subdivides the outstanding units of the Class by reclassification or otherwise into a greater number of units, the number of Units purchasable hereunder shall be proportionately increased and the Warrant Price shall be proportionately decreased. If the outstanding units of the Class are combined or consolidated, by reclassification or otherwise, into a lesser number of units, the Warrant Price shall be proportionately increased and the number of Units shall be proportionately decreased.

Appears in 2 contracts

Samples: Proteostasis Therapeutics, Inc., Proteostasis Therapeutics, Inc.

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