The Split Clause Samples

The Split clause defines how assets, profits, or responsibilities are divided between parties in an agreement. Typically, it specifies the percentage or method by which each party receives their share, such as a 60/40 revenue split or allocation of ownership interests. This clause ensures that all parties have a clear understanding of their entitlements, reducing the risk of disputes and providing a transparent framework for distribution.
The Split. For each Large-Item of Property, Owner will be credited with a percent of the Winning Bid which varies according to the Large-Item service option employed.
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The Split. For each item of Property, Owner will be credited with 50% of the first $1,000 of the Winning Bid and 75% of the Winning Bid portion, if any, that exceeds $1,000. From this amount, the Owner’s pro rata share of transaction fees (the "Processing Costs"), if any, will be deducted. transaction.Other than the Fuel Surcharge described in Section 3, below, Processing Costs are the only costs credited against the Owner’s Net Proceeds. All other services are provided at no charge including but not limited those set out in Exhibit A, a copy of which is attached hereto and incorporated by reference herein.
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The Split 
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Related to The Split

  • Stock Split All references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any stock dividend, split, combination or other recapitalization affecting the Capital Stock occurring after the date of this Agreement.

  • Reverse Split The Company has taken all necessary corporate action to effectuate a reverse split of its issued and outstanding Common Stock and preferred stock on the basis of one (1) such share for each 2.67 shares of issued and outstanding Common Stock and Preferred Stock, as applicable (the “Reverse Split”), and such Reverse Split became effective on June 22, 2020.

  • Reverse Splits The Borrower effectuates a reverse split of its Common Stock without the prior written consent of the Holder.

  • Stock Splits Until the Notes and all notes issued pursuant to the terms thereof are no longer outstanding, the Company shall not effect any stock combination, reverse stock split or other similar transaction (or make any public announcement or disclosure with respect to any of the foregoing) without the prior written consent of the Required Holders (as defined below).

  • Recapitalizations, etc The provisions of this Agreement shall apply, to the full extent set forth herein with respect to the Stock or the Options, to any and all shares of capital stock of the Company or any capital stock, partnership units or any other security evidencing ownership interests in any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in exchange for, or substitution of the Stock or the Options by reason of any stock dividend, split, reverse split, combination, recapitalization, liquidation, reclassification, merger, consolidation or otherwise.