ISSUANCE OF DIFFERENT CLASSES. (a) The Sponsor may, at any time and from time to time, issue different Classes of Units, and may adjust the allocation, voting and other provisions of this Agreement so as equitably to reflect the issuance of such additional Classes. The Sponsor may also alter the terms on which Units of any Class are sold, provided that doing so does not adversely affect existing Investors. (b) The fact that, for purposes of convenience, Units issued by this FuturesAccess Fund shall be designated as being Units of different “Classes” shall in no respect imply that these Units constitute different classes of equity interests as opposed to simply being subject to different fees.
Appears in 10 contracts
Samples: Operating Agreement (Highbridge Commodities FuturesAccess LLC), Limited Liability Company Operating Agreement (Man AHL FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Transtrend DTP Enhanced FuturesAccess LLC)
ISSUANCE OF DIFFERENT CLASSES. (a) The Sponsor may, at any time and from time to time, issue different Classes of Units, and may adjust the allocation, voting and other provisions of this Agreement so as equitably to reflect the issuance of such additional Classes. The Sponsor may also alter the terms on which Units of any Class are sold, provided that doing so does not adversely affect existing Investors.
(b) The fact that, for purposes of convenience, Units issued by this FuturesAccess Fund shall be designated as being Units of different “"Classes” " shall in no respect imply that these Units constitute different classes of equity interests as opposed to simply being subject to different fees.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (ML APM Global Commodity FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Chesapeake FuturesAccess LLC), Operating Agreement (ML Transtrend DTP Enhanced FuturesAccess LLC)
ISSUANCE OF DIFFERENT CLASSES. (a) The Sponsor may, at any time and from time to time, issue different Classes of Units, and may adjust the allocation, voting and other provisions of this Agreement so as equitably to reflect the issuance of such additional Classes. The Sponsor may also alter the terms on which Units of any Class are sold, provided that doing so does not adversely affect existing Investors.
(b) The fact that, for purposes of convenience, Units issued by this Systematic Momentum FuturesAccess Fund shall be designated as being Units of different “Classes” shall in no respect imply that these Units constitute different classes of equity interests as opposed to simply being subject to different fees.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (ML Systematic Momentum FuturesAccess LLC), Operating Agreement (ML Systematic Momentum FuturesAccess LLC)
ISSUANCE OF DIFFERENT CLASSES. (a) The Sponsor may, at any time and from time to time, issue different Classes of Units, and may adjust the allocation, voting and other provisions of this Agreement so as equitably to reflect the issuance of such additional Classes. The Sponsor may also alter the terms on which Units of any Class are sold, provided that doing so does not adversely affect existing Investors.
(b) The fact that, for purposes of convenience, Units issued by this Systematic Momentum FuturesAccess Fund shall be designated as being Units of different “"Classes” " shall in no respect imply that these Units constitute different classes of equity interests as opposed to simply being subject to different fees.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (ML Systematic Momentum FuturesAccess LLC)
