Class R2 Clause Samples
The 'Class R2' clause defines a specific category or classification within a contract, typically used to distinguish a group of items, services, or obligations that share common characteristics. In practice, this clause might be used to identify a certain type of real estate property, equipment, or contractual party that falls under the 'R2' designation, often for the purposes of applying particular rules, standards, or requirements. By clearly delineating what constitutes 'Class R2,' the clause ensures that all parties understand which assets or obligations are subject to specific terms, thereby promoting clarity and reducing the risk of disputes over classification.
Class R2. The Manager will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class R6 Shares.
