Additions and Withdrawals from Account. The Client may, from time to time, by written notice to and with the consent of the Investment Manager, allocate additional Assets to the Client Account. The Client also may, from time to time, direct a transfer of any or all Assets from the Client Account and will generally provide such direction by five (5) business days prior written notice to the Investment Manager; however, Investment Manager understands that at certain rare occasions such advance prior notice will not be possible due to the nature of the Fund and the Investment Manager will endeavor to follow the written direction provided by the Client on such shorter notice in those instances.
Additions and Withdrawals from Account. The Client may, from time to time, allocate additional Assets to the Client Account. The Client also may, from time to time, direct a transfer or re-allocation of any or all Assets from the Client Account and will use commercially reasonable efforts to provide such direction by prior written notice to the Investment Manager with as much advance written notice as is reasonably practicable under the circumstances, but in no event less than five (5) business days advance notice; however, Investment Manager understands that at certain rare occasions such advance prior notice will not be possible. In such cases when advance notice is not possible, the Investment Manager will use commercially reasonable efforts to follow the written direction provided by the Client. The parties acknowledge that such withdrawals may be in connection with the Fund providing liquidity to its shareholders. In addition, to the extent that the Investment Manager is required to maintain a greater percentage of the assets of the Fund in cash and liquid securities than would otherwise be the case in order to satisfy the potential liquidity needs of the Fund or to accommodate any re-allocation of assets by the Client, the parties acknowledge that such investments may negatively impact the Fund’s performance. In that regard, the Client shall consult with the Investment Manager prior to increasing the percentage of the Fund’s shares that may be made available for repurchase during any quarterly redemption period above 5% of the Fund’s then issued and outstanding shares.
