I-Units Sample Clauses
The "I-Units" clause defines a specific type of security or financial instrument that is linked to a particular index, such as an inflation index or a commodity price index. In practice, this clause outlines how the value of these units is determined by the performance of the underlying index, and may specify the calculation method, adjustment periods, and payout mechanisms. The core function of the I-Units clause is to provide investors with a transparent and structured way to gain exposure to index-linked returns, thereby managing risk or achieving investment objectives tied to the performance of the referenced index.
I-Units. Pursuant to Section 4.4, the General Partner hereby designates and creates a special class of Units designated “I-Units” and fixes the designations, preferences and relative, participating, optional or other special rights, powers and duties of the holders of the I-Units as follows:
(a) Except as otherwise provided in Section 5.1(c), a holder of an I-Unit will receive no allocations of income, gain, loss or deductions. Except for distributions made in accordance with Sections 14.3(b) and 14.3(c), no distributions or payments shall be made to a holder of an I-Unit except in additional I-Units (or fractions thereof) or a security that has in all material respects the same rights and privileges as the I-Units, in accordance with Section 5.10.
(b) The number of Outstanding I-Units may be subdivided pursuant to Sections 4.11 and 5.10.
(c) Except as otherwise provided in this Agreement, each holder of an I-Unit shall have the rights of a holder of a Common Unit with respect to voting. Except as otherwise provided in this Agreement, all Units shall vote or consent together as a single class on all matters submitted for a vote or consent of the Outstanding Units.
I-Units. (a) Pursuant to Section 4.1, the General Partner hereby designates and creates a special class of Units designated "I-Units" and fixes the designations, preferences and relative, participating, optional or other special rights, powers and duties of the holders of the I-Units as follows:
(b) Except for distributions pursuant to Section 14.3(b) and except as otherwise expressly provided in this Agreement by reference to the I-Units, the I-Units shall have no rights to cash distributions or rights to allocations of income, gain, loss or deductions.
(c) Except as otherwise provided in this Agreement, each I-Unit shall have the rights of a holder of a Common Unit with respect to voting. Except as otherwise provided herein, all Units shall vote or consent together as a single class on all matters submitted for a vote or consent of the Outstanding Units.
(d) I-Units shall be represented by Certificates in such form as the General Partner may approve. The Certificates evidencing I-Units shall be separately identified and shall not bear the same CUSIP number as the Certificates evidencing Common Units.