SPLIT OF STRYPES Sample Clauses
The "Split of Strypes" clause defines how shares or units, referred to as "Strypes," are to be divided among parties. Typically, this clause outlines the method and timing for splitting these interests, such as in the event of a company restructuring, sale, or distribution of assets. By clearly specifying the allocation process, the clause ensures that all parties understand their entitlements and helps prevent disputes over ownership or distribution of Strypes.
SPLIT OF STRYPES. The Purchaser consents to the split of such Purchaser's STRYPES. Subsequent to the determination of the public offering price per STRYPES and related underwriting discount for the STRYPES to be sold to the Underwriter (as defined in the Amended and Restated Trust Agreement of the Trust dated as of _____ __, 1997, ML IBK Positions, Inc., as sponsor, and the trustees named therein) but prior to the sale of the STRYPES to the Underwriter, each STRYPES purchased hereby shall be split into a greater number of STRYPES so that immediately following such split the value of each STRYPES held by the Purchasers will equal the aforesaid public offering price per STRYPES.
SPLIT OF STRYPES. Each Purchaser consents to the split of such Purchaser's STRYPES. Subsequent to the determination of the public offering price per STRYPES and related underwriting discount for the STRYPES to be sold to the Underwriters (as defined in the Amended and Restated Trust Agreement of the Trust, dated as of February 26, 1997, by and among ML IBK Positions, Inc., and Dona▇▇▇▇▇, ▇▇fk▇▇ & ▇enr▇▇▇▇ ▇▇▇urities Corporation, as sponsors, and the trustees of the Trust named therein) but prior to the sale of the STRYPES to the Underwriters, each STRYPES purchased hereby shall be split into a greater number of STRYPES so that immediately following such split the value of each STRYPES held by the Purchasers will equal the aforesaid public offering price per STRYPES.