Common use of ACTIVITIES OF THE MANAGER PARTIES Clause in Contracts

ACTIVITIES OF THE MANAGER PARTIES. (a) The respective Manager Parties will not devote their full business time, or any material portion of their business time, to this Fund, as each is involved in the management of numerous other client and proprietary accounts. However, the Manager hereby agrees to devote to the objectives and purposes of this Fund such amount of the business time of its officers and employees as the Manager shall deem necessary for the management of the affairs of this Fund; provided, however, that nothing contained in this Section 5.03(a) shall preclude any Manager Party from acting as a director, stockholder, officer or employee of any corporation, a trustee of any trust, a partner of any partnership, a manager or member of any other limited liability company or an administrative official of any other business or governmental entity, or from receiving compensation for services rendered thereto, from participating in profits derived from investments in any such entity or from investing in any securities or other property for such person's own account. (b) As contemplated by Section 2.05(g), the Manager retains an outside service provider to supply certain services to the Program, including, but not limited to: tax reporting, custody, accounting and escrow services to the Program. Operating costs include this Fund's allocable share of the fees and expenses of such (or other) service provider, as well as the fees and expenses of any Manager Party which may provide such (or other) services in the futures.

ACTIVITIES OF THE MANAGER PARTIES. (a) The respective Manager Parties will not devote their full business time, or any material portion of their business time, to this the Fund, as each is involved in the management of numerous other client and proprietary accounts. However, the Manager hereby agrees to devote to the objectives and purposes of this the Fund such amount of the business time of its officers and employees as the Manager shall deem necessary for the management of the affairs of this the Fund; provided, however, that nothing contained in this Section 5.03(a) 5.03 shall preclude any Manager Party from acting as a director, stockholder, officer or employee of any corporation, a trustee of any trust, a partner of any partnership, a manager or member of any other limited liability company or an administrative official of any other business or governmental entity, or from receiving compensation for services rendered thereto, from participating in profits derived from investments in any such entity or from investing in any securities or other property for such person's ’s own account. (b) As contemplated by Section 2.05(g), the Manager retains an outside service provider providers to supply certain services to the ProgramFund, including, but not limited to: tax reporting, ; custody, accounting ; accounting; and escrow services to the ProgramFund. Operating costs include this the Fund's ’s allocable share of the fees and expenses of such (or other) service providerproviders, as well as the fees and expenses of any Manager Party which may provide such (or other) services in the futuresfuture.

ACTIVITIES OF THE MANAGER PARTIES. OPERATING COSTS. (a) The respective Manager Parties will not devote their full business time, or any material portion of their business time, to this Fund, as each is involved in the management of numerous other client and proprietary accounts. However, the Manager hereby agrees to devote to the objectives and purposes of this Fund such amount of the business time of its officers and employees as the Manager shall deem necessary for the management of the affairs of this Fund; provided, however, that nothing contained in this Section 5.03(a) shall preclude any Manager Party from acting as a director, stockholder, officer or employee of any corporation, a trustee of any trust, a partner of any partnership, a manager or member of any other limited liability company or an administrative official of any other business or governmental entity, or from receiving compensation for services rendered thereto, from participating in profits derived from investments in any such entity or from investing in any securities or other property for such person's ’s own account. (b) As contemplated by Section 2.05(g), the Manager retains an outside service provider to supply certain services to the ProgramFuturesAccess, including, but not limited to: tax reporting, custody, accounting and escrow services to the ProgramFuturesAccess. Operating costs include this Fund's ’s allocable share of the fees and expenses of such (or other) service provider, as well as the fees and expenses of any Manager Party which may provide such (or other) services in the futures.