Common use of Issuance of Additional Common Units Clause in Contracts

Issuance of Additional Common Units. i. Until the Company consummates its IPO, in the event the Company shall issue any Additional Common Units (as defined below), at a price per share less than the Exercise Price then in effect or without consideration, then the Exercise Price upon each such issuance shall be adjusted to that price determined by multiplying the Exercise Price then in effect by a fraction: (A) the numerator of which shall be equal to the sum of (x) the number of outstanding Common Units (assuming full exercise, conversion or exchange of all warrants and other securities which are convertible into or exercisable or exchangeable for, and any right to subscribe for, Common Units) immediately prior to the issuance of such Additional Common Units plus (y) the number of Common Units (rounded to the nearest whole Common Unit) which the aggregate consideration for the total number of such Additional Common Units so issued would purchase at a price per share equal to the Exercise Price then in effect, and (B) the denominator of which shall be equal to the number of outstanding Common Units (assuming full exercise, conversion or exchange of all warrants and other securities which are convertible into or exercisable or exchangeable for, and any right to subscribe for, Common Units) immediately after the issuance of such Additional Common Units.