Common use of Commodity Brokers Clause in Contracts

Commodity Brokers. The Trading Advisor shall effect all transactions in futures interests for the Partnership through, and shall maintain a separate account with, such commodity broker or brokers as the General Partner shall direct. At the present time, Morgan Stanley DW shall act as the non-clearing commodity broker anx XX&Xo. xxxxx xxt as the clearing commodity broker for the Partnership, with the exception of trades on the London Metal Exchange which will be cleared by Morgan Stanley & Co. International Limited, an affiliate of the Genxxxx Xaxxxxx ("MSIL"). In addition, MS&Co. will act as the counterparty on all of the foreign currency forward trades for the Partnership. The General Partner shall provide the Trading Advisor with copies of brokerage statements. Notwithstanding that MS&Co. and MSIL shall act as the clearing commodity brokers for the Partnership, the Trading Advisor may execute trades through floor brokers other than those employed by MS&Co. and MSIL so long as arrangements are made for such floor brokers to "give-up" or transfer the positions to MS&Co. and MSIL and provided that the rates charged by such floor brokers have been approved in writing by Morgan Stanley DW. Except as provided in Exhibit A, the Trading Advxxxx xixx xxx xx responsible for paying give-up fees at rates approved by Morgan Stanley DW.

Commodity Brokers. The Trading Advisor shall effect all transactions in futures interests commodity interest contracts for the Partnership through, and shall maintain a separate account with, such commodity broker or brokers as the General Partner shall direct. At the present time, Morgan Stanley DW shall act as the non-clearing commodity broker anx XX&Xo. xxxxx xxt as the clearing commodity broker for the Partnership, with the exception of trades on the London Metal Exchange which will be cleared by Morgan Stanley & Co. International Limited, an affiliate of the Genxxxx Xaxxxxx ("MSIL"). In addition, MS&Co. will act as the counterparty on all of the foreign currency forward trades for the Partnership. The General Partner shall provide the Trading Advisor with copies of brokerage statements. Notwithstanding that MS&Co. and MSIL shall act as the clearing commodity brokers for the Partnership, the Trading Advisor may execute trades through floor brokers other than those employed by MS&Co. and MSIL so long as arrangements are made for such floor brokers to "give-up" or transfer the positions to MS&Co. and MSIL and provided that the rates charged by such floor brokers have been approved in writing by Morgan Stanley DW. Except as provided in Exhibit A, the Trading Advxxxx xixx xxx xx responsible for paying give-up fees at rates approved by Morgan Stanley DW.

Commodity Brokers. The Trading Advisor shall effect all transactions in futures interests for the Partnership through, and shall maintain a separate account with, such commodity broker or brokers as the General Partner shall direct. At the present time, Morgan Stanley DW shall act as the non-clearing commodity broker anx XX&Xo. xxxxx xxt as the clearing commodity broker for the Partnership, with the exception of trades on the London Metal Exchange which will be cleared by Morgan Stanley & Co. International Limited, an affiliate of the Genxxxx Xaxxxxx Limited ("MSIL"), also an affilixxx xx xxx Xxxeral Partner. In addition, MS&Co. will act as the counterparty on all of the foreign currency forward trades for the Partnership. The General Partner shall provide the Trading Advisor with copies of brokerage statements. Notwithstanding that MS&Co. and MSIL shall act as the clearing commodity brokers broker for the Partnership, the Trading Advisor may execute trades through floor brokers other than those employed by MS&Co. and MSIL so long as arrangements are made for such floor brokers to "give-up" or transfer the positions to MS&Co. and MSIL and provided that the rates charged by such floor brokers have been approved in writing by Morgan Stanley DW. Except as provided in Exhibit A, the The Trading Advxxxx xixx xxx xx Advisor will not be responsible for paying givexxxxxx xxxx-up fees xx xxes at rates approved by Morgan Stanley DW.

Commodity Brokers. The Trading Advisor shall effect all transactions in futures interests for the Partnership through, and shall maintain a separate account with, such commodity broker or brokers as the General Partner shall direct. At the present time, Morgan Stanley DW Xxxxxx Xxxxxxx XX shall act as the non-clearing commodity broker anx XX&Xoand MS&Co. xxxxx xxt shall act as the clearing commodity broker for the Partnership, with the exception of trades on the London Metal Exchange which will be cleared by Morgan Stanley Xxxxxx Xxxxxxx & Co. International Limited, an affiliate of the Genxxxx Xaxxxxx General Partner ("“MSIL"”). In addition, MS&Co. will act as the counterparty on all of the foreign currency forward trades for the Partnership. The General Partner shall provide the Trading Advisor with copies of brokerage statements. Notwithstanding that MS&Co. and MSIL shall act as the clearing commodity brokers for the Partnership, the Trading Advisor may execute trades through floor brokers other than those employed by MS&Co. and MSIL so long as arrangements are made for such floor brokers to "“give-up" ” or transfer the positions to MS&Co. and MSIL and provided that the rates charged by such floor brokers have been approved in writing by Morgan Stanley DWXxxxxx Xxxxxxx XX. Except as provided in Exhibit A, the The Trading Advxxxx xixx xxx xx Advisor will not be responsible for paying give-up fees at rates approved by Morgan Stanley DWXxxxxx Xxxxxxx XX.

Commodity Brokers. The Trading Advisor shall effect all transactions in futures interests for the Partnership through, and shall maintain a separate account with, such commodity broker or brokers as the General Partner shall direct. At the present time, Morgan Stanley DW Xxxxxx Xxxxxxx XX shall act as the non-clearing commodity broker anx XX&Xoand MS&Co. xxxxx xxt shall act as the clearing commodity broker for the Partnership, with the exception of trades on the London Metal Exchange which will be cleared by Morgan Stanley Xxxxxx Xxxxxxx & Co. International Limited, an affiliate of the Genxxxx Xaxxxxx General Partner ("“MSIL"”). In addition, MS&Co. will act as the counterparty on all of the foreign currency forward trades for the Partnership. The General Partner shall provide the Trading Advisor with copies of brokerage statements. Notwithstanding that MS&Co. and MSIL shall act as the clearing commodity brokers for the Partnership, the Trading Advisor may execute trades through floor brokers other than those employed by MS&Co. and MSIL so long as arrangements are made for such floor brokers to "“give-up" ” or transfer the positions to MS&Co. and MSIL and provided that the rates charged by such floor brokers have been approved in writing by Morgan Stanley DWXxxxxx Xxxxxxx XX. Except as provided in Exhibit A, the Trading Advxxxx xixx xxx xx Advisor will not be responsible for paying give-up fees at rates approved by Morgan Stanley DWXxxxxx Xxxxxxx XX.

Commodity Brokers. The Trading Advisor shall effect all transactions in futures interests for the Partnership through, and shall maintain a separate account with, such commodity broker or brokers as the General Partner shall direct. At the present time, Morgan Stanley DW shall act as the non-clearing commodity broker anx XX&Xo. xxxxx xxt as the clearing commodity broker for the Partnership, with the exception of trades on the London Metal Exchange which will be cleared by Morgan Stanley & Co. International Limited, an affiliate of the Genxxxx Xaxxxxx Limited ("MSIL"), all of which axx xxxixxxxxx of the General Partner. In addition, MS&Co. will act as the counterparty on all of the foreign currency forward trades for the Partnership. The General Partner shall provide the Trading Advisor with copies of brokerage statements. Notwithstanding that MS&Co. and MSIL shall act as the clearing commodity brokers for the Partnership, the Trading Advisor may execute trades through floor brokers other than those employed by MS&Co. and MSIL so long as arrangements are made for such floor brokers to "give-up" or transfer the positions to MS&Co. and MSIL and provided that the rates charged by such floor brokers have been approved in writing by Morgan Stanley DW. Except as provided in Exhibit A, the Trading Advxxxx xixx xxx xx responsible for paying give-up fees at rates approved by Morgan Stanley DW.

Commodity Brokers. The Trading Advisor shall effect all transactions in futures interests for the Partnership through, and shall maintain a separate account with, such commodity broker or brokers as the General Partner shall direct. At the present time, Morgan Stanley DW shall act as the non-clearing commodity broker anx XX&Xo. xxxxx xxt as the clearing commodity broker for the Partnership, with the exception of trades on the London Metal Exchange which will be cleared by Morgan Stanley & Co. International Limited, an affiliate of the Genxxxx Xaxxxxx ("MSIL"). In addition, MS&Co. will act as the counterparty on all of the foreign currency forward trades for the Partnership. The General Partner shall provide the Trading Advisor with copies of brokerage statements. Notwithstanding that MS&Co. and MSIL shall act as the clearing commodity brokers for the Partnership, the Trading Advisor may execute trades through floor brokers other than those employed by MS&Co. and MSIL so long as arrangements are made for such floor brokers to "give-up" or transfer the positions to MS&Co. and MSIL and provided that the rates charged by such floor brokers have been approved in writing by Morgan Stanley DW. Except as provided in Exhibit A, the The Trading Advxxxx xixx xxx xx Advisor will not be responsible for paying givexxxxxx xxxx-up fees xx xxes at rates approved by Morgan Stanley DW.