Adjustment for Share Splits Clause Samples
The Adjustment for Share Splits clause ensures that the terms of an agreement, such as the number of shares or price per share, are automatically modified if the company undergoes a share split, reverse split, or similar corporate action. For example, if a party is entitled to purchase a certain number of shares and the company later splits its shares 2-for-1, the number of shares the party can purchase would double, while the price per share would be halved. This clause maintains the economic equivalence of the parties' rights and obligations, preventing unintended dilution or windfall gains due to changes in the company's share structure.
Adjustment for Share Splits. The parties acknowledge and agree that all share-related numbers contained in this Agreement shall be adjusted to take into account any share split, share dividend or similar event effected with respect to the Securities.
Adjustment for Share Splits. The parties acknowledge and agree that all share-related numbers contained in this Agreement shall be adjusted to take into account any share split, share dividend or similar event effected with respect to the Securities. If the foregoing is in accordance with your understanding of our agreement, please sign and return to the Company a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among MLV, the Company and the Operating Partnership in accordance with its terms. Very truly yours, CEDAR REALTY TRUST, INC. By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Title: President CEDAR REALTY TRUST PARTNERSHIP, L.P. By: Cedar Realty Trust, Inc., its general partner By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Title: President CONFIRMED AND ACCEPTED, as of the date first above written. MLV & CO. LLC By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Chief Executive Officer Homburg Joint Ventures 20 % Fameco Cedar Joint Ventures 60 % PCP Cedar Joint Ventures 40 % RioCan Joint Ventures 20 % ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Joint Venture 60 % WP Realty Joint Venture 75 % From: Cedar Realty Trust, Inc. To: MLV & Co. LLC Attn: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Subject: At-The-Market Issuance—Placement Notice Ladies and Gentlemen: Pursuant to the terms and subject to the conditions contained in the At-The-Market Issuance Sales Agreement among Cedar Realty Trust, Inc. (the “Company”), Cedar Realty Trust Partnership, L.P. (the “Operating Partnership”) and MLV & Co. LLC (“MLV”), dated May 29, 2012 (the “Agreement”), I hereby request on behalf of the Company that MLV sell up to [•] shares of the Company’s 7.25% Series B Cumulative Redeemable Preferred Stock, par value $.01 per share, at a minimum market price of $[•] per share. The Company hereby confirms that, as of the date of this Placement Notice, neither the Prospectus, nor any Issuer Free Writing Prospectus, when taken together with the Prospectus, includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The Company hereby confirms that, as of the date of this Placement Notice, it is not in possession of any material non-public information. [ADDITIONAL SALES PARAMETERS MAY BE ADDED, SUCH AS THE TIME PERIOD IN WHICH SALES ARE REQUESTED TO BE MADE, SPECIFIC DATES THE SHARES MAY NOT BE SOLD ON, THE MANNER IN WHICH SALES ARE TO BE MADE B...