Additional Classes of Interests Clause Samples

Additional Classes of Interests. The Managing Member may establish other Classes of Interests, other equity interests in the Company or other Company securities from time to time in accordance with such procedures and subject to such conditions and restrictions and with such rights, obligations, powers, designations, preferences and other terms, which may be senior to any then existing or future Classes of Interests, other equity interests in the Company or other Company securities, as the Managing Member shall determine from time to time (it being understood that the written consent of R. ▇▇▇▇▇ ▇▇▇▇▇▇, Jr. shall be required with respect to any such actions for so long as he is a Member of the Company and Chesapeake Capital Corporation is serving as investment advisor with respect to the Company), including: (i) the right of such Interests, other equity interests or other Company securities to share in any Net Income (Loss) (including Net Income (Loss) relating to illiquid investments by the Funds); (ii) the right of such Interests, other equity interests or other Company securities to share in distributions; (iii) the rights of such Interests, other equity interests or other Company securities upon dissolution and liquidation of the Company; (iv) whether, and the terms and conditions upon which, the Company may or shall be required to redeem such Interests or other equity interests or other Company securities (including sinking fund provisions); (v) whether such Interests or other equity interests or other Company securities are issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which such Interests or other equity interests or other Company securities will be issued, evidenced by certificates and assigned or transferred; (vii) the terms and conditions of the issuance of such Interests or other equity interests or other Company securities; and (ix) the right, if any, of the holder of such Interests or other equity interests or other Company securities to vote on Company matters, including matters relating to the relative designations, preferences, rights, powers and duties of such Interests or other equity interests or other Company securities. The Managing Member is authorized (i) to issue any Interests, other equity interests in the Company or other Company securities of any such newly established Class or any existing Class and (ii) to amend this Agreement to reflect the creation o...

Additional Classes of Interests. The Company may issue one or more additional classes or series of Interests. Certain of such classes or series may be subject to fees, charges, redemption rights and other characteristics different from those of other classes or series of Interests. The Managing Member shall, without the prior consent of the Non-Managing Members, be entitled to make appropriate amendments to this Agreement to effect the issuance of any such class or series.

Additional Classes of Interests. The General Partner may, in its sole discretion, create additional classes of Interests in the Partnership on such terms and conditions as it determines, including with respect to Side Pocket Investments. Subject to the provisions of Section 9.11, the General Partner shall not be required to obtain the consent of any Limited Partner to create such additional classes of Interests. The General Partner may allow Partners generally or on a case-by-case basis to convert their Interests of one class to another class, upon terms to be determined by the General Partner in its sole discretion.

Additional Classes of Interests. The General Partner, with the consent of a Majority in Interest of the Limited Partners, may establish other Classes of Interests of the General Partner or Limited Partners, other equity interests in the Partnership or other Partnership securities from time to time in accordance with such procedures and subject to such conditions and restrictions and with such rights, obligations, powers, designations, preferences and other terms, which may be senior to any then existing or future Classes of Interests, other equity interests in the Partners. Subject to the consent requirement in this Section 4.4, the General Partner is authorized (i) to issue any Interests, other equity interests in the Partnership or other Partnership securities of any such newly established Class or any existing Class and (ii) to amend this Agreement to reflect the creation of any such new Class, the issuance of Interests, other equity interests in the Partnership or other Partnership securities associated with such Class, and the admission of any Person as a Partner which has received Interests or other equity interests of any such Class, in accordance with Sections 8.1, 8.2 and 9.8.