Common use of Unit Classes Clause in Contracts

Unit Classes. The AIFM may create several unit classes within the AIF. At the discretion of the AIFM, unit classes may be created which differ from the existing unit classes by virtue of the way profit is appropriated, the issue commission, the accounting currency, the use of currency hedging transactions, the fund management remuneration, the minimum investment amount or any combination of these aspects. However, this shall be without prejudice to the rights of investors who have bought units in the existing unit classes. The unit classes and the costs and remunerations arising in connection with the AIF's units are specified in Annex B to the Trust Agreement, "AIF summary".

Unit Classes. The AIFM may create several unit classes within the AIF. At the discretion of the AIFM, unit classes may be created which differ from the existing unit classes by virtue of the way profit is appropriated, the issue commission, the accounting currencycur- rency, the use of currency hedging transactions, the fund management remuneration, the minimum min- imum investment amount or any combination of these aspects. However, this shall be without prejudice to the rights of investors who have bought units in the existing unit classes. The unit classes and the costs and remunerations arising in connection with the AIF's units are specified in Annex B to the Trust Agreement, "AIF summary".