Common use of Commodity Broker Floor Brokers Clause in Contracts

Commodity Broker Floor Brokers. (i) Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Onshore Fund through such commodity broker or brokers as the Onshore Fund shall designate from time to time in its sole discretion (the Onshore Fund currently so designating Xxxxxxx Xxxxx). The Trading Advisor will not, without the consent of the Manager, trade on a “give up” basis through floor brokers not affiliated with Xxxxxxx Xxxxx. The Manager will review and approve or disapprove all executing brokers proposed by the Trading Advisor for the Onshore Fund’s account. If an executing broker is approved, the Onshore Fund will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker, barring negligence, misconduct or bad faith on the part of the Trading Advisor. Irrespective of whether floor brokers unaffiliated with Xxxxxxx Xxxxx receive the Manager’s consent to execute trades on behalf of the Onshore Fund, all such trades will be “given-up” to be carried by Xxxxxxx Xxxxx. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Onshore Fund directly from Xxxxxxx Xxxxx. (ii) The Onshore Fund will be subject to round turn commission rates as determined from time to time by Xxxxxxx Xxxxx and consistent with disclosures made to investors.

Commodity Broker Floor Brokers. (i) Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Onshore Fund through such commodity broker or brokers as the Onshore Fund shall designate from time to time in its sole discretion (the Onshore Fund currently so designating Xxxxxxx XxxxxMerrill Lynch). The Trading Advisor will not, without the consent of coxxxxx xf the Manager, trade on a “"give up” " basis through floor brokers not affiliated with Xxxxxxx XxxxxMerrill Lynch. The Manager will review and approve or disapprove all executing xxl xxxxuting brokers proposed by the Trading Advisor for the Onshore Fund’s 's account. If an executing broker is approved, the Onshore Fund will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker, barring negligence, misconduct or bad faith on the part of the Trading Advisor. Irrespective of whether floor brokers unaffiliated with Xxxxxxx Xxxxx Merrill Lynch receive the Manager’s 's consent to execute trades on behalf of tradex xx xxhxxx xf the Onshore Fund, all such trades will be “"given-up” " to be carried by Xxxxxxx XxxxxMerrill Lynch. The Trading Advisor shall receive copies of all daily and axx xxxxy xxx monthly brokerage statements for the Onshore Fund directly from Xxxxxxx XxxxxMerrill Lynch. (ii) The Onshore Fund will be subject to round turn commission xxxx xoxxxxxion rates as determined from time to time by Xxxxxxx Xxxxx Merrill Lynch and consistent with disclosures made to investorsinvestxxx.

Commodity Broker Floor Brokers. (i) Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Onshore Fund through such commodity broker or brokers as the Onshore Fund shall designate from time to time in its sole discretion (the Onshore Fund currently so designating Xxxxxxx XxxxxMerrill Lynch). The Trading Advisor will not, without the consent cxxxxxx of the Manager, trade on a “"give up” " basis through floor brokers not affiliated with Xxxxxxx XxxxxMerrill Lynch. The Manager will review and approve or disapprove all executing xlx xxxcuting brokers proposed by the Trading Advisor for the Onshore Fund’s 's account. If an executing broker is approved, the Onshore Fund will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker, barring negligence, misconduct or bad faith on the part of the Trading Advisor. Irrespective of whether floor brokers unaffiliated with Xxxxxxx Xxxxx Merrill Lynch receive the Manager’s 's consent to execute trades on behalf tradxx xx xexxxx of the Onshore Fund, all such trades will be “"given-up” " to be carried by Xxxxxxx XxxxxMerrill Lynch. The Trading Advisor shall receive copies of all daily and xxx xxxlx xxx monthly brokerage statements for the Onshore Fund directly from Xxxxxxx XxxxxMerrill Lynch. (ii) The Onshore Fund will be subject to round turn commission rouxx-xxxx xxxxxssion rates as determined from time to time by Xxxxxxx Xxxxx Merrill Lynch and consistent with disclosures made to investorsinvesxxxx.

Commodity Broker Floor Brokers. (i) Clearing of All Trades. The Trading Advisor shall clear orders for all commodity interest transactions for the Onshore Fund through such commodity broker or brokers as the Onshore Fund shall designate from time to time in its sole discretion (the Onshore Fund currently so designating Xxxxxxx Xxxxx). The Trading Advisor will not, without the consent of the Manager, trade on a “"give up” " basis through floor brokers not affiliated with Xxxxxxx Xxxxx. The Manager will review and approve or disapprove all executing brokers proposed by the Trading Advisor for the Onshore Fund’s 's account. If an executing broker is approved, the Onshore Fund will not hold the Trading Advisor liable for any error or breach of contract by any such executing broker, barring negligence, misconduct or bad faith on the part of the Trading Advisor. Irrespective of whether floor brokers unaffiliated with Xxxxxxx Xxxxx receive the Manager’s 's consent to execute trades on behalf of the Onshore Fund, all such trades will be “"given-up” " to be carried by Xxxxxxx Xxxxx. The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Onshore Fund directly from Xxxxxxx Xxxxx. (ii) The Onshore Fund will be subject to round turn commission rates as determined from time to time by Xxxxxxx Xxxxx and consistent with disclosures made to investors.