Common use of Determination and Calculation of Liabilities Clause in Contracts

Determination and Calculation of Liabilities. The liabilities of the Partnership shall be deemed to include: (i) all of its bills and accounts payable; (ii) all of its accrued or payable APM - QIM Futures Fund, L.P. EXHIBIT A - 6 expenses; (iii) the current market value of all of its short sale obligations after accounting for or reflecting any hedge or other offsetting positions; and (iv) all of its other liabilities, present or future, including Reserves. For purposes of determining the Partnership’s liabilities at a particular time, the General Partner may estimate expenses that are incurred on a regular or recurring basis over yearly or other periods and treat the amount of any such estimate as accruing in equal portions over any such period. The General Partner may establish such reserves for the Partnership for contingent, unknown or unfixed debts, liabilities or obligations of the Partnership as the General Partner may reasonably determine to be advisable, whether or not in accordance with generally accepted accounting principles (Reserves). Any such Reserve, if and when reversed, shall be allocated among the Capital Accounts of those Persons who were Partners at the time such Reserve was established unless the General Partner determines that it would be more equitable to allocate such reversal among the Capital Accounts of the Partners who are Partners at the time of such reversal.

Determination and Calculation of Liabilities. The liabilities of the Partnership shall be deemed to include: (i) all of its bills and accounts payable; (ii) all of its accrued or payable APM - QIM Futures Fund, L.P. EXHIBIT A - 6 expenses; (iii) the current market value of all of its short sale obligations after accounting for or reflecting any hedge or other offsetting positions; and (iv) all of its other liabilities, present or future, including Reserves. For purposes of determining the Partnership’s liabilities at a particular time, the General Partner may estimate expenses that are incurred on a regular or recurring basis over yearly or other periods and treat the amount of any such estimate as accruing in equal portions over any such period. The General Partner may establish such reserves for the Partnership for contingent, unknown or unfixed debts, liabilities or obligations of the Partnership as the General Partner may reasonably determine to be advisable, whether or not in accordance with generally accepted accounting principles (Reserves). Any such Reserve, if and when reversed, shall be allocated among the Capital Accounts of those Persons who were Partners at the time such Reserve was established unless the General Partner determines that it would be more equitable to allocate such reversal among the Capital Accounts of the Partners who are Partners at the time of such reversal.

Determination and Calculation of Liabilities. The liabilities of the Partnership shall be deemed to include: (i) all of its bills and accounts payable; (ii) all of its accrued or payable APM - QIM Futures Fund, L.P. EXHIBIT A - 6 expenses; (iii) the current market value of all of its short sale obligations after accounting for or reflecting any hedge or other offsetting positions; and (iv) all of its other liabilities, present or future, including Reserves. For purposes of determining the Partnership’s liabilities at a particular time, the ALTEGRIS QIM FUTURES FUND, L.P. Exhibit A - 6 General Partner may estimate expenses that are incurred on a regular or recurring basis over yearly or other periods and treat the amount of any such estimate as accruing in equal portions over any such period. The General Partner may establish such reserves for the Partnership for contingent, unknown or unfixed debts, liabilities or obligations of the Partnership as the General Partner may reasonably determine to be advisable, whether or not in accordance with generally accepted accounting principles (Reserves). Any such Reserve, if and when reversed, shall be allocated among the Capital Accounts of those Persons who were Partners at the time such Reserve was established unless the General Partner determines that it would be more equitable to allocate such reversal among the Capital Accounts of the Partners who are Partners at the time of such reversal.

Determination and Calculation of Liabilities. The liabilities of the Partnership shall be deemed to include: (i) all of its bills and accounts payable; (ii) all of its accrued or payable APM - QIM Futures Fund, L.P. EXHIBIT A - 6 expenses; (iii) the current market value of all of its short sale obligations after accounting for or reflecting any hedge or other offsetting positions; and (iv) all of its other liabilities, present or future, including Reserves. For purposes of determining the Partnership’s liabilities at a particular time, the General Partner may estimate expenses that are incurred on a regular or recurring basis over yearly or other periods and treat the amount of any such estimate as accruing in equal portions over any such period. The General Partner may establish such reserves for the Partnership for contingent, unknown or unfixed debts, liabilities or obligations of the Partnership as the General Partner may reasonably determine to be advisable, whether or not in accordance with generally accepted accounting principles (“Reserves”). Any such Reserve, if and when reversed, shall be allocated among the Capital Accounts of those Persons who were Partners at the time such Reserve was established unless the General Partner determines that it would be more equitable to allocate such reversal among the Capital Accounts of the Partners who are Partners at the time of such reversal.