Common use of Classes of Interests Clause in Contracts

Classes of Interests. The General Partner may divide the Interests into one or more classes (each, a “Class”). Each Class shall generally have the same capital withdrawal, voting and other rights, and the same duties, as any other Class; provided that the General Partner may establish different fees and expenses, including, but not limited to different Management Fees and leveraging levels for different Classes, and provided further, that the General Partner may establish one or more groups or series within any or all Classes that shall have such relative rights, powers and duties as shall be designated by the General Partner. At present, the General Partner has designated only one Class of Interests in the Fund. If the Fund has multiple Classes, any reference herein to the Fund and Fund Percentages shall mean Class and Class Percentages, unless otherwise specified or the context otherwise requires.

Classes of Interests. The General Partner may divide the Interests into one or more classes (each, a “Class”). Each Class shall generally have the same capital withdrawal, voting and other rights, and the same duties, as any other Class; provided that the General Partner may establish different fees and expenses, including, but not limited to different Management Wrap Fees and leveraging levels for different Classes, and provided further, that the General Partner may establish one or more groups or series within any or all Classes that shall have such relative rights, powers and duties as shall be designated by the General Partner. At present, the General Partner has designated only one Class of Interests in the Fund. If the Fund has multiple Classes, any reference herein to the Fund and Fund Percentages shall mean Class and Class Percentages, unless otherwise specified or the context otherwise requires.