Change in Fees. No increase in any of the fees payable by the Partnership and described in the Memorandum may take effect until the first Business Day (defined below) following a Redemption Date (as defined in Section 9(b)), provided that: (i) notice of such increase is provided to each Limited Partner at least 5 Business Days prior to the last date on which a “Request for Redemption” (as defined in Section 9(b)) must be received by the General Partner with respect to the applicable Redemption Date; and (ii) such notice shall describe the rights of Limited Partners, as set forth in Section 9(b). For the purposes of this Agreement, a “Business Day” shall mean each day in which the New York Stock Exchange is open for business.
Appears in 12 contracts
Samples: Limited Partnership Agreement (LV Futures Fund L.P.), Limited Partnership Agreement (Meritage Futures Fund L.P.), Limited Partnership Agreement (Polaris Futures Fund L.P.)
Change in Fees. No increase in any of the fees payable by the Partnership and described in the Memorandum may take effect until the first Business Day (as defined below) following a Redemption Date (as defined in Section 9(b)), provided that: (i) notice of such increase is provided to each Limited Partner at least 5 Business Days prior to the last date on which a “Request for Redemption” Redemption (as defined in Section 9(b)) must be received by the General Partner with respect to the applicable Redemption Date; and (ii) such notice shall describe the rights of Limited Partners, as set forth in Section 9(b). For the purposes of this Agreement, a “Business Day” shall mean each day in which the New York Stock Exchange is open for business.
Appears in 5 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Managed Futures Premier Macro L.P.), Limited Partnership Agreement (Managed Futures Premier BHM L.P.)
