Common use of Class A Units Clause in Contracts

Class A Units. Class A Units may be issued to Persons purchasing such Units in the Company. Investors who wish to purchase Class A Units must complete and sign the Subscription Agreement, a signature page to this Agreement, an Investor Suitability Questionnaire, and other such documentation as is deemed appropriate by the Manager. Upon receipt of the Capital Contribution, the Company will immediately deposit investor funds into its holding account (the “Subscription Account”), the date of which shall be the “Deposit Date.” Investors may execute the subscription documents at any time, however, an investment in Class A Units only becomes effective as an equity investment as of the Investment Date, with each Class A Unit being issued on the Investment Date for that particular Unit (whether or not the Person to whom the Unit is issued is already a Member of the Company). Investor funds held in the Subscription Account shall pay no interest to the investor, no distributions to the investor, and shall confer no other rights upon the investor. Members holding Class A Units shall have the rights and responsibilities as outlined in this Agreement. Class A Units are non-voting Units, and shall not entitle the holders thereof to vote on any matters required or permitted to be voted on by the Members under this Agreement or under Delaware Law.