Common use of Distributions and Redemptions Clause in Contracts

Distributions and Redemptions. To enable the Fund to make distributions to holders of Interests in the Fund and to make payment to holders who have requested repurchase or redemption of their Interests in the Fund, the Custodian shall release cash or Securities insofar as available. In the case of cash, the Custodian shall, upon the receipt of Instructions, transfer such funds by check or wire transfer to any account at any bank or trust company designated by the Fund in such Instructions. In the case of Securities, the Custodian shall, upon the receipt of Special Instructions, make such transfer to any entity or account designated by the Fund in such Special Instructions.

Distributions and Redemptions. To enable the Fund to make distributions to holders of Interests Units in the Fund and to make payment to holders who have requested repurchase or redemption of their Interests Units in the Fund, the Custodian shall release cash or Securities insofar as available. In the case of cash, the Custodian shall, upon the receipt of Instructions, transfer such funds by check or wire transfer to any account at any bank or trust company designated by the Fund in such Instructions. In the case of Securities, the Custodian shall, upon the receipt of Special Instructions, make such transfer to any entity or account designated by the Fund in such Special Instructions.