Common use of Proportional Adjustment Clause in Contracts

Proportional Adjustment. Wherever in this Agreement there is a reference to a specific number of Company Securities of the Company of any class or series, then, upon the occurrence of any subdivision, combination or dividend of such class or series of security, the specific number of securities so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding number of such class or series of security by such subdivision, combination or dividend. Notwithstanding anything to the contrary herein, the Company may amend and restate this Agreement to reflect such adjustment and any other prior amendments that have been properly adopted and effected in accordance herewith, without any additional consent required.β€Œ

Appears in 1 contract

Sources: Limited Liability Company Agreement

Proportional Adjustment. Wherever in this Agreement there is a reference to a specific number of Company Securities of the Company of any class or series, then, upon the occurrence of any subdivision, combination or dividend of such class or series of security, the specific number of securities so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding number of such class or series of security by such subdivision, combination or dividend. Notwithstanding anything to the contrary herein, the Company may amend and restate this Agreement to reflect such adjustment and any other prior amendments that have been properly adopted and effected in accordance herewith, without any additional consent required.β€Œrequired.

Appears in 1 contract

Sources: Limited Liability Company Agreement