Common use of Class D Units Clause in Contracts

Class D Units. (a) The General Partner hereby designates and creates and authorizes for issuance a class of Units to be designated as “Class D Units,” consisting of a total of 66,100,000 Class D Units, and fixes the preferences and the relative, participating, optional and other special rights, powers and duties pertaining to the Class D Units as set forth herein. Immediately following the Class D Unit Issuance Date and thereafter, except as otherwise provided in Section 4.15(j), no additional Class D Units shall be designated, created or issued without the prior written approval of the General Partner and the holders of a majority of the Outstanding Class D Units.