Common use of Forward Trading Clause in Contracts

Forward Trading. (i) All forward trades for the Fund shall be executed through the forward dealer(s) (which may be affiliates of the Manager) designated by the Manager, provided that at the request of the Trading Advisor, the Manager may consent to other forward trading arrangements, which consent shall not be unreasonably withheld. (ii) If necessary for the Trading Advisor to trade pursuant to the Trading Program, the Fund shall provide adequate dealing lines of credit for the Trading Advisor to place orders for spot and forward currency contracts on behalf of the Fund. (iii) Any "F/X prime brokerage" arrangements which the Trading Advisor may wish to establish for the Fund shall be subject to the approval of the Manager.

Forward Trading. (i) All forward trades for the Fund shall be executed through the forward dealer(s) (which may be affiliates of the Manager) designated by the Manager, provided that at the request of the Trading Advisor, the Manager may consent to other forward trading arrangements, which consent shall not be unreasonably withheld. If a forward dealer is approved, the Fund will not hold the Trading Advisor liable for any error or breach of contract by any such forward dealer, except to the extent attributable to the Trading Advisor’s negligence, misconduct or bad faith on the part of the Trading Advisor. (ii) If necessary for the Trading Advisor to trade pursuant to the Trading Program, the Fund shall provide adequate dealing lines of credit for the Trading Advisor to place orders for spot and forward currency contracts on behalf of the Fund. (iii) Any "“F/X prime brokerage" ” arrangements which the Trading Advisor may wish to establish for the Fund shall be subject to the approval of the Manager.