Common use of Classes of Interests Clause in Contracts

Classes of Interests. The Members (acting through the Committee) have the right to establish separate classes of interests in the Company (each, a “Class”). Each Member understands and acknowledges that except as expressly provided in this Agreement, (i) such Member may participate in a Class solely to the extent specifically agreed in writing by the other Members (acting through the Committee) and (ii) no Member shall have any right or claim to participation of any type in any Class other than the particular Class for which such Member’s interests have been issued in accordance with this Agreement. Each Member’s Class of interests is set forth on Schedule A hereto. Except as expressly set forth in this Agreement, all Classes shall be identical and shall entitle the holders thereof to the same rights and privileges, and references to “membership interests” or “interests” without reference to any Class shall refer to all interests in the Company irrespective of Class.