Common use of Funding of the Account Clause in Contracts

Funding of the Account. (a) The Partnership may reallocate its assets between the various advisors managing its accounts and withdraw capital from the Account at any time. The Partnership shall promptly notify the Advisor, by telephone or telex, of any such reallocation or withdrawal, and shall to the extent feasible give the Advisor advance written notice, such notice not to be less than 1 business day, of such reallocation or withdrawal. The Partnership may add capital to the Account at any time with the prior approval of the Advisor and shall promptly notify the Advisor of any such intended action. (b) The Partnership, and not the Advisor, shall manage the non-commodity transactions of the Account, such as the purchase of U.S. Treasury bills.

Appears in 2 contracts

Samples: Advisory Agreement (Sage Fund Lp), Advisory Agreement (Sage Fund Lp)

AutoNDA by SimpleDocs

Funding of the Account. (a) The Partnership may reallocate its assets between the various advisors managing its accounts and withdraw capital from the Account at any time. The Partnership shall promptly notify the Advisor, by telephone or telex, of any such reallocation or withdrawal, and shall to the extent feasible reasonable practicable give the Advisor advance written notice, such notice not to be less than 1 2 business daydays, of such reallocation or withdrawal. The Partnership may add capital to the Account at any time with the prior approval of the Advisor and shall promptly notify the Advisor of any such intended action. (b) The Partnership, and not the Advisor, shall manage the non-commodity transactions of the Account, such as the purchase of U.S. Treasury bills.

Appears in 1 contract

Samples: Advisory Agreement (Futures Portfolio Fund Lp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!