ERROR POLICY. The provisions of Section 2(d) of this Agreement shall be interpreted to mean that the benefit of profitable trading errors made by the CTA when trading on behalf of the Funds shall be awarded to the Funds, whereas the detriment of unprofitable trading errors made by the CTA when trading on behalf of the Funds must be borne by the CTA.
Appears in 7 contracts
Samples: Confidential Treatment (Managed Futures Profile HV, L.P.), Confidential Treatment (Managed Futures Profile MV, L.P.), Advisory Agreement (LV Futures Fund L.P.)
ERROR POLICY. The Subject to Section 7(a) of this Agreement, the provisions of Section 2(d) of this Agreement shall be interpreted to mean that the benefit of profitable trading errors made by the CTA when trading on behalf of the Funds shall be awarded to the Funds, whereas the detriment of unprofitable trading errors made by the CTA when trading on behalf of the Funds must be borne by the CTA.
Appears in 4 contracts
Samples: Advisory Agreement (LV Futures Fund L.P.), Advisory Agreement (Orion Futures Fund Lp), Advisory Agreement (LV Futures Fund L.P.)
ERROR POLICY. The provisions of Section 2(d) of this Agreement shall be interpreted to mean that the benefit of profitable trading errors made by the CTA when trading on behalf of the Funds shall be awarded to the Funds, whereas the detriment of unprofitable trading errors made by the CTA when trading on behalf of the Funds must be borne by the CTA. BORROWING: · The CTA shall not use borrowed money to leverage any trades, unless otherwise approved by the General Partner and/or Trading Manager.
Appears in 2 contracts
Samples: Advisory Agreement (Managed Futures Profile MV, L.P.), Advisory Agreement (Managed Futures Profile LV, L.P.)
