Instrument. This Omnibus Team Unit Instrument initially shall entitle each Subscriber to beneficial ownership interest in the number of Team Units in the Company equal to the product of (i) the quotient of such Subscriber’s Subscription Amount divided by the Team Unit Instrument Amount; times (ii) the quotient of the Team Unit Instrument Amount divided by $1.50 . The number of Team Units exchangeable for this instrument shall be subject to adjustment by the Company in the event of any Unit subdivision, split, dividend, reclassification, combination, consolidation or similar transaction affecting the Membership Units or the Company.
Appears in 4 contracts
Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement
