Common use of Duties of General Distributor Clause in Contracts

Duties of General Distributor. You agree that: (a) You shall furnish to the Fund any pertinent information required to be inserted with respect to you as General Distributor within the purview of the Securities Act of 1933 in any reports or registrations required to be filed with any governmental authority; (b) You will not make any representations inconsistent with the information contained in the Prospectus; (c) You shall maintain such records as may be reasonably required for the Fund or its investor servicing agent to respond to member requests or complaints, and to permit the Fund to maintain proper accounting records, and you shall make such records available to the Fund and its investor servicing agent upon request; (d) In performing your duties under this Agreement, you shall comply with all requirements of the Fund's Prospectus and all applicable laws, rules and regulations with respect to the purchase, sale and distribution of Units; and (e) Notwithstanding anything to the contrary in this Agreement, you: (i) maintain anti-money laundering policies that comply with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 and applicable Federal anti-money laundering regulations, including steps to verify the identity of prospective subscribers ("AML Laws, Regulations and Policies"); (ii) comply with such AML Laws, Regulations and Policies; (iii) will promptly deliver to the Fund's notice of any such AML Laws, Regulations and Policies violation, suspicious activity, suspicious activity investigation or filed Suspicious Activity Report that relates to any prospective subscriber for, or purchaser of, Units; and (iv) will cooperate with and deliver information reasonably requested concerning subscribers that purchased Units necessary to comply with such AML Laws, Regulations and Policies.

Duties of General Distributor. You agree The General Distributor agrees that: (a) You The General Distributor shall furnish to the Fund any pertinent information required to be inserted with respect to you as the General Distributor within the purview of the Securities Act of 1933 in any reports or registrations required to be filed with any governmental authority; (b) You The General Distributor will not make any representations inconsistent with the information contained in the ProspectusProspectus and SAI; (c) You The General Distributor shall maintain such records as may be reasonably required for the Fund or its investor servicing agent to respond to member shareholder requests or complaints, and to permit the Fund to maintain proper accounting records, and you the General Distributor shall make such records available to the Fund and its investor servicing agent upon request; (d) In performing your its duties under this Agreement, you the General Distributor shall comply with all requirements of the Fund's Prospectus and SAI and all applicable laws, rules and regulations with respect to the purchase, sale and distribution of UnitsShares; and (e) Notwithstanding anything to the contrary in this Agreement, youthe General Distributor will: (i) maintain anti-money laundering policies that comply with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 and applicable Federal anti-money laundering regulations, including steps to verify the identity of prospective subscribers ("“AML Laws, Regulations and Policies"”); (ii) comply with such AML Laws, Regulations and Policies; (iii) will will, to the extent permitted by regulation, promptly deliver to the Fund's ’s investment adviser’s Money Laundering Reporting Officer notice of any such AML Laws, Regulations and Policies violation, suspicious activity, suspicious activity investigation or filed Suspicious Activity Report that relates to any prospective subscriber for, or purchaser of, UnitsShares; and (iv) will cooperate with and deliver information reasonably requested concerning subscribers that purchased Units Shares necessary to comply with such AML Laws, Regulations and Policies.

Duties of General Distributor. You agree that: (a) You shall furnish to the Fund Lexington any pertinent information required to be inserted with respect to you as General Distributor within the purview of the Securities Act of 1933 in any reports or registrations required to be filed with any governmental authority; (b) You will not make any representations inconsistent with the information contained in the ProspectusProspectus and SAI; (c) You shall maintain such records as may be reasonably required for the Fund Lexington or its investor servicing agent to respond to member requests or complaints, and to permit the Fund Lexington to maintain proper accounting records, and you shall make such records available to the Fund Lexington and its investor servicing agent upon request; (d) In performing your duties under this Agreement, you shall comply with all requirements of the FundLexington's Prospectus and SAI and all applicable laws, rules and regulations with respect to the purchase, sale and distribution of Units; and (e) Notwithstanding anything to the contrary in this Agreement, you: (i) maintain anti-money laundering policies that comply with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 and applicable Federal anti-money laundering regulations, including steps to verify the identity of prospective subscribers ("AML Laws, Regulations and Policies"); (ii) comply with such AML Laws, Regulations and Policies; (iii) will promptly deliver to the FundLexington's investment adviser's Money Laundering Reporting Officer notice of any such AML Laws, Regulations and Policies violation, suspicious activity, suspicious activity investigation or filed Suspicious Activity Report that relates to any prospective subscriber for, or purchaser of, Units; and (iv) will cooperate with and deliver information reasonably requested concerning subscribers that purchased Units necessary to comply with such AML Laws, Regulations and Policies.

Duties of General Distributor. You agree that: (a) You shall furnish to the Fund TEI any pertinent information required to be inserted with respect to you as General Distributor within the purview of the Securities Act of 1933 in any reports or registrations required to be filed with any governmental authority; (b) You will not make any representations inconsistent with the information contained in the ProspectusProspectus and SAI; (c) You shall maintain such records as may be reasonably required for the Fund TEI or its investor servicing agent to respond to member requests or complaints, and to permit the Fund TEI to maintain proper accounting records, and you shall make such records available to the Fund TEI and its investor servicing agent upon request; (d) In performing your duties under this Agreement, you shall comply with all requirements of the FundTEI's Prospectus and SAI and all applicable laws, rules and regulations with respect to the purchase, sale and distribution of Units; and (e) Notwithstanding anything to the contrary in this Agreement, you: (i) maintain anti-money laundering policies that comply with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 and applicable Federal anti-money laundering regulations, including steps to verify the identity of prospective subscribers ("AML Laws, Regulations and Policies"); (ii) comply with such AML Laws, Regulations and Policies; (iii) will promptly deliver to the FundTEI's investment adviser's Money Laundering Reporting Officer notice of any such AML Laws, Regulations and Policies violation, suspicious activity, suspicious activity investigation or filed Suspicious Activity Report that relates to any prospective subscriber for, or purchaser of, Units; and (iv) will cooperate with and deliver information reasonably requested concerning subscribers that purchased Units necessary to comply with such AML Laws, Regulations and Policies.