Common use of Class M Units Clause in Contracts

Class M Units. Class M Units are reserved for the Manager, its Affiliates, business partners, services providers, and other Persons in the sole discretion of the Manager. Members holding Class M Units shall have the rights and responsibilities as outlined in this Agreement. Investor Class Membership Interests shall collectively comprise seventy percent (70%) and Class M Membership Interests shall collectively comprise thirty percent (30%) of the total Membership Interests in the Company, with Membership Interest percentages for individual Members of each class shall be calculated as set forth in Section 2.1(ee). The Manager may amend this Agreement at any time to provide for the issuance and creation of additional classes of Units without the vote or consent of the Members provided, however, that such amendment will not subject any Member to any material, adverse economic consequences. Issued Units shall be recorded and kept in Company records, and the Manager shall update Company records periodically to reflect the admission or withdrawal of Members.