Common use of Parent Units Clause in Contracts

Parent Units. At the Reincorporation Effective Time, every issued and outstanding Parent Unit shall separate into each’s individual components of one Parent Ordinary Share, one Parent Warrant and one Parent Right. At the Reincorporation Effective Time, all Parent Units shall cease to be outstanding and shall automatically be canceled and retired and shall cease to exist. The holders of certificates previously evidencing Parent Units outstanding immediately prior to the Reincorporation Effective Time shall cease to have any rights with respect to such Parent Units, except as provided herein or by Law..

Parent Units. At Immediately prior to the Reincorporation Effective Time, every each issued and outstanding Parent Unit shall automatically separate into each’s individual components one share of Parent Class A Common Stock and one-half of one Parent Ordinary Share, one Parent Warrant and one Parent Right. At the Reincorporation Effective Time, all Parent Units shall cease to be outstanding and shall automatically be canceled and retired and shall cease to existWarrant. The holders of certificates previously evidencing Parent Units issued and outstanding immediately prior to the Reincorporation Effective Time shall cease to have any rights with respect to such Parent Units, except as provided herein or by Law..Law and shall thereafter have the rights with respect to the shares of Parent Class A Common Stock and Parent Warrants separated from such Parent Units.