Common use of Classes of Units Clause in Contracts

Classes of Units. The General Partner is hereby authorized to issue Units designated as set forth in the Memorandum and any other additional classes and/or series of Units with such terms, rights and obligations as determined in the sole discretion of the General Partner as set forth in Section 2.2(b) without receiving consent from the Limited Partners. The General Partner is authorized to convert Units of one Class to another Class (including combining Classes) without the consent of any Limited Partner or the Board of Directors; provided, if the terms applicable to a Limited Partner’s Units will be materially worse as a result of such conversion, such Limited Partner will be required to consent to such conversion.

Classes of Units. The General Partner is hereby authorized to issue Units designated as set forth in the Memorandum Memorandum, and any other additional classes and/or series of Units with such terms, rights and obligations as determined in the sole discretion of the General Partner as set forth in Section 2.2(b) without receiving consent from the Limited Partners. The General Partner is authorized to convert Units of one Class to another Class (including combining Classes) without the consent of any Limited Partner or the Board of Directors; provided, if the terms applicable to a Limited Partner’s Units will be materially worse as a result of such conversion, such Limited Partner will be required to consent to such conversion.