Class D Unit Sample Clauses
A Class D Unit clause defines a specific category of ownership interest or equity unit within a company or investment fund, typically with distinct rights and obligations compared to other classes. This clause outlines the features of Class D Units, such as voting rights, dividend entitlements, or liquidation preferences, and may specify any restrictions or special privileges associated with them. Its core practical function is to clearly differentiate the rights and responsibilities of holders of Class D Units from those of other unit classes, ensuring clarity and preventing disputes among stakeholders.
Class D Unit. A Unit entitling the holder thereof to the rights of a holder of a Class D Unit as provided in this Agreement.
Class D Unit. A Unit generally available for purchase only (1) through fee-based programs, also known as wrap accounts, that provide access to Class D Units, (2) through participating broker-dealers that have alternative fee arrangements with their clients to provide access to Class D Units, (3) through transaction/brokerage platforms at participating broker-dealers, (4) through certain registered investment advisers, (5) through bank trust departments or any other organization or person authorized to act in a fiduciary capacity for its clients or customers or (6) other categories of Unitholders that CVC names in an amendment or supplement to the Memorandum.
Class D Unit. An ownership unit in the Partnership, issued to Class D Limited Partners representing a fractional part of the Partnership Interests of all Limited Partners, and having the rights and obligations specified with respect to Class D Units in this Agreement.