Common use of Class D Unit Clause in Contracts

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.