Common use of Subsequent Issuances Clause in Contracts

Subsequent Issuances. Promptly following any such distribution, subdivision or combination, the Company may issue Certificates or uncertificated Units to the Record Holders of Units as of the applicable Record Date representing the new number of Units held by such Record Holders, or the Board may adopt such other procedures that it determines to be necessary or appropriate to reflect such changes. If any such combination results in a smaller total number of Units being outstanding, and a Unit is represented by a Certificate, then the Company shall require, as a condition to the delivery to a Record Holder of such new Certificate, the surrender of any Certificate held by such Record Holder immediately prior to such Record Date.