Class D Unit Notional Value Clause Samples
The 'Class D Unit Notional Value' clause defines the assigned notional or face value attributed to each Class D unit within a structured financial product or investment vehicle. This value is typically used to calculate distributions, allocations, or losses among holders of Class D units, and may be set at issuance or determined by a formula specified in the agreement. By clearly establishing the notional value for these units, the clause ensures transparency and consistency in financial calculations, helping to avoid disputes and clarify the rights and obligations of Class D unit holders.
Class D Unit Notional Value. Subject to the immediately succeeding sentence and Section 4.15(j), each Class D Unit shall have a notional value equal to the Class D Unit Notional Value. Notwithstanding anything to the contrary in this Agreement, if the number of outstanding Class D Units shall be increased or decreased by a distribution on Class D Units consisting of additional Class D Units, a subdivision or split, a combination or reclassification or any other similar transaction, the Class D Unit Notional Value shall be adjusted by dividing the aggregate Class D Unit Notional Value of all Class D Units outstanding immediately prior to such event equally among the Class D Units outstanding immediately following such event.
Class D Unit Notional Value. Subject to the immediately succeeding sentence and Section 4.15(j), each Class D Unit shall have a notional value equal to the