Common use of Class E Units Clause in Contracts

Class E Units. Under the authority granted to it by Section 4.2.A hereof, the General Partner hereby establishes an additional class of Partnership Units entitled "Class E Units." Class E Units shall have the same designations, preferences, rights, powers and duties as Class A Units. Notwithstanding the preceding sentence, holders of Class E Units shall be entitled to a special allocation of losses from the Partnership in the aggregate amount of $50,000 per year for a period of twenty-eight (28) years from the date of issuance of such Class E Units.

Class E Units. Under the authority granted to it by Section 4.2.A hereof, the General Partner hereby establishes has established an additional class of Partnership Units entitled "Class E Units." Class E Units shall have the same designations, preferences, rights, powers and duties as Class A Units. Notwithstanding the preceding sentence, holders of Class E Units shall be entitled to a special allocation of losses from the Partnership in the aggregate amount of $50,000 per year for a period of twenty-eight (28) years from the date of issuance of such Class E UnitsUnits (i.e., December 12, 1997).