Common use of Unit Splits, Etc Clause in Contracts

Unit Splits, Etc. All Unit numbers and amounts derived from Unit numbers in this Agreement are to be appropriately adjusted for any Unit dividend, Unit split, Unit combination or other similar transaction, including as a result of a transaction contemplated by the following sentence. If CEP merges, combines with or otherwise converts to another entity by operation of law, merger, or otherwise, as a result of which the Units are exchanged for or converted into securities of such entity, the provisions hereof shall survive and apply to such securities, and references herein to Units shall be deemed to include such securities. If any such successor entity is not bound to this Agreement by operation of law, it shall be a condition precedent to any such transaction that the successor entity agree to be bound hereby to the same extent as CEP.