Common use of Classes and Series of Units Clause in Contracts

Classes and Series of Units. (a) The Manager has as of the date hereof established three (3) Classes of Units, being the Class 0 Units (Core Macro Portfolio), the Class 2 Units (Core Macro Portfolio) and the Management Units (Core Macro Portfolio). Each of the Class 0 Units, Class 2 Units and the Management Unites were established and previously designated as Units in the Blended Strategies Portfolio. However, effective as of May 2, 2022, the Blended Strategies Portfolio is hereby redesignated as the Core Macro Portfolio, and such Class 0 Units, Class 2 Units and Management Units are accordingly redesignated as listed herein. (b) The Manager may establish additional Classes or Series of Units, each of which may be subject to such fees, expenses or other terms as shall be determined by the Manager. (c) A Member may be a Member of one or more Classes or Series. Separate Capital Accounts shall be maintained for each Member with respect to each Class and Series of Units, and all of the provisions of this Agreement shall apply to each Class and Series as if such Class and Series of Units were a separate legal entity. Any item of income or expense relating to a specific Class or Series shall be allocated solely to the Capital Accounts of the Members participating in such Class or Series, and any item of income or expense of the Company not relating to a specific Class or Series shall be allocated among the Classes and Series in proportion to their respective Net Asset Values or in such other manner as the Manager shall determine to be equitable.