Splits, Combinations Sample Clauses
The "Splits, Combinations" clause defines how shares or other units of ownership are adjusted in the event of corporate actions such as stock splits, reverse splits, or combinations. In practice, this clause ensures that if a company increases or decreases the number of its outstanding shares, the rights and obligations of parties to the agreement are proportionally adjusted to reflect the new share structure. For example, if a company executes a 2-for-1 stock split, the number of shares held and referenced in the agreement would double, but the overall value remains unchanged. This clause is essential for maintaining fairness and accuracy in contractual relationships by automatically adapting to changes in the company’s capital structure, thereby preventing unintended dilution or windfall gains.
Splits, Combinations. Subject to Section 2.9, the number of Warrants represented by any Warrant Certificate or any Warrant Certificates may be split, combined or exchanged for a Warrant Certificate or Warrant Certificates representing the same number of Warrants in the aggregate.
Splits, Combinations. In the event that the Class A Units are split or combined (i.e., a reverse split), then each Class F (2010) Unit shall be split or combined on the same date and in accordance with the same ratio applicable to the split or combination of a single Class A Unit.