Covenants of the Trading Manager. The Trading Manager covenants and agrees that:
Covenants of the Trading Manager. The Trading Manager covenants and agrees that: (i) The Trading Manager shall maintain all registrations and memberships necessary for the Trading Manager to continue to act as described herein and in the Offering Memoranda and to all times comply in all respects with all applicable laws, rules, and regulations, to the extent that the failure to so comply would have a materially adverse effect on the Trading Manager?s ability to act as described herein and in the Offering Memoranda. (ii) The Trading Manager shall inform the Trading Advisor immediately as soon as the Trading Manager, the Trading Company or any of their principals becomes the subject of any lawsuit, investigation, claim, or proceeding of any regulatory authority having jurisdiction over such person or becomes a named party to any litigation materially affecting the business of the Trading Manager or the Trading Company. The Trading Manager shall also inform the Trading Advisor immediately if the Trading Manager or the Trading Company or any of their officers become aware of any material breach of this Agreement by the Trading Manager or the Trading Company. (iii) The Trading Manager shall notify the Trading Advisor of any investment fund or other vehicle that becomes a Member of the Trading Company. (iv) The Trading Manager has or will furnish to the Trading Advisor copies of the Offering Memoranda of the initial and any future Members, and all amendments and supplements thereto that refer in any way to the Trading Advisor and supplemental sales materials (all of the foregoing collectively, the ?Promotional Materials?), in each case as soon as available. The Trading Manager will ensure that the Trading Manager or the Members will not utilize (or cause to be utilized by any selling agent or other third party) any Promotional Materials, unless the Trading Advisor has received a copy of such Promotional Materials no less than 5 days in advance of its intended first use and has approved any information regarding the Trading Advisor contained therein. In the event that the Trading Advisor fails to affirmatively object to such Promotional Material in writing (which may be by email) to the Trading Manager within such 5 day period, the Trading Advisor shall be deemed to have approved such Promotional Material for all purposes hereunder. (v) The Trading Manager will furnish, or cause to be furnished, to the Trading Advisor such other documents and information related to the Trading Company or the Memb...
Covenants of the Trading Manager. The Trading Manager covenants and agrees that: (i) The Trading Manager shall maintain all registrations and memberships necessary for the Trading Manager to continue to act as described herein and in the Offering Memoranda and to all times comply in all respects with all applicable laws, rules, and regulations, to the extent that the failure to so comply would have a materially adverse effect on the Trading Manager’s ability to act as described herein and in the Offering Memoranda. (ii) The Trading Manager shall inform the Trading Advisor immediately as soon as the Trading Manager, the Trading Company or any of their principals becomes the subject of any lawsuit, investigation, claim, or proceeding of any regulatory authority having jurisdiction over such person or becomes a named party to any litigation materially affecting the business of the Trading Manager or the Trading Company. The Trading Manager shall also inform the Trading Advisor immediately if the Trading Manager or the Trading Company or any of their officers become aware of any material breach of this Agreement by the Trading Manager or the Trading Company. (iii) The Trading Company will furnish to the Trading Advisor copies of the Offering Memoranda, and all amendments and supplements thereto, in each case as soon as available and will ensure that the Members do not use any such amendments or supplements as to which the Trading Advisor in writing has reasonably objected. 11.
