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 an▇ ▇▇&▇o. ▇▇▇▇▇ ▇▇t 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 Gen▇▇▇▇ ▇a▇▇▇▇▇ ("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 Adv▇▇▇▇ ▇i▇▇ ▇▇▇ ▇▇ 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 DW, shall act as the non-clearing commodity broker ana▇▇ ▇▇&C▇o. ▇▇▇., ▇▇ ▇▇t ▇iliate of the General Partner shall act as the clearing commodity broker for the Partnership, Partnership with the exception of trades on the London Metal Exchange which will be cleared by Morgan Stanley & Co. International LimitedLimited ("MSIL"), an affiliate all of the Genwhich a▇▇ ▇▇▇▇ i▇a▇▇▇▇▇ ("MSIL")of the General Partner. In addition, MS&Co. will act as the counterparty on all of the foreign currency forward trades for the Partnershipclearing commodity broker with respect to the London Metal Exchange). The General Partner shall provide the Trading Advisor with copies of brokerage statements. Notwithstanding that MS&Co. and MSIL shall act as the counterparty on all of the foreign currency forward trades for 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 AdvAdvisor will not enter into any Soft ▇▇▇▇▇s▇▇▇▇ ▇i▇▇ ▇▇▇ ▇▇ responsible for paying give-up fees at rates approved ▇ments (as such term is defined by Morgan Stanley DWFSA rules).

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 an▇ ▇▇&▇o. ▇▇▇▇▇ ▇▇t 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 LimitedLimited ("MSIL"), an affiliate all of the Genwhich a▇▇ ▇▇▇▇ i▇a▇▇▇▇▇ ("MSIL")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 Adv▇▇▇▇ ▇i▇▇ ▇▇▇ ▇▇ 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 an▇ ▇▇&▇o. ▇▇▇▇▇ ▇▇t and MS&Co. 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 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. International Limited, an affiliate of the Gen▇▇▇▇ ▇a▇▇▇▇▇ 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 DW▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇. Except as provided in Exhibit A, the Trading Adv▇▇▇▇ ▇i▇▇ ▇▇▇ ▇▇ Advisor will not be 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 an▇ ▇▇&▇o. ▇▇▇▇▇ ▇▇t and MS&Co. 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 ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & Co. International Limited, an affiliate of the Gen▇▇▇▇ ▇a▇▇▇▇▇ 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 DW. Except as provided in Exhibit A, the Trading Adv▇▇▇▇▇▇ ▇i▇▇▇▇▇▇ ▇▇▇ ▇▇ . The Trading Advisor will not be 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 DW, shall act as the non-clearing commodity broker ana▇▇ ▇▇&C▇o. ▇▇▇., ▇▇ ▇▇t ▇iliate of the General Partner shall act as the clearing commodity broker for the Partnership, Partnership with the exception of trades on the London Metal Exchange which will be cleared by Morgan Stanley & Co. International LimitedLimited ("MSIL"), an affiliate all of the Genwhich a▇▇ ▇▇▇▇ i▇a▇▇▇▇▇ ("MSIL")of the General Partner. In addition, MS&Co. will act as the counterparty on all of the foreign currency forward trades for the Partnershipclearing commodity broker with respect to the London Metal Exchange). The General Partner shall provide the Trading Advisor with copies of brokerage statements. Notwithstanding that MS&Co. and MSIL shall act as the counterparty on all of the foreign currency forward trades for 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 Trading Adv▇▇▇▇ ▇i▇▇ ▇▇▇ ▇▇ 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 an▇ ▇▇&▇o. ▇▇▇▇▇ ▇▇t 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 Gen▇▇▇▇ ▇a▇▇▇▇▇ Limited ("MSIL"), also an affili▇▇▇ ▇▇ ▇▇▇ ▇▇▇eral 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 AdvAdvisor will not be responsible for ▇▇▇▇▇▇ ▇i▇▇▇-▇▇ ▇▇▇ ▇▇ responsible for paying give-up fees es 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 an▇ ▇▇&▇o. ▇▇▇▇▇ ▇▇t 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 Gen▇▇▇▇ ▇a▇▇▇▇▇ ("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 Adv▇▇▇▇ ▇i▇▇ ▇▇▇ ▇▇ 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 an▇ ▇▇&▇o. ▇▇▇▇▇ ▇▇t 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 Gen▇▇▇▇ ▇a▇▇▇▇▇ ("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 AdvAdvisor will not be responsible for ▇▇▇▇▇▇ ▇i▇▇▇-▇▇ ▇▇▇ ▇▇ responsible for paying give-up fees es at rates approved by Morgan Stanley DW.