INDEPENDENCE OF THE ADVISOR. For all purposes herein, the Advisor shall be deemed to be an independent contractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Funds in any way and shall not be deemed an agent, promoter or sponsor of the Funds, CMF, or any other trading advisor. The Advisor shall not be responsible to the Funds, CMF, any trading advisor or any limited partner for any acts or omissions of any other trading advisor to any Fund. Notwithstanding the foregoing, CMF shall have no responsibility for the business operations of any feeder fund for which the Advisor or one of the Advisor’s affiliates acts as commodity pool operator or otherwise operates (each an “Advisor Feeder Fund”).
Appears in 3 contracts
Samples: Management Agreement (Ceres Classic L.P.), Management Agreement (Managed Futures Premier Abingdon L.P.), Management Agreement (Orion Futures Fund Lp)
INDEPENDENCE OF THE ADVISOR. For all purposes herein, the Advisor shall be deemed to be an independent contractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Funds Partnership in any way and shall not be deemed an agent, promoter or sponsor of the FundsPartnership, CMF, or any other trading advisor. The Advisor shall not be responsible to the FundsPartnership, CMFthe General Partner, any trading advisor or any limited partner partners for any acts or omissions of any other trading advisor to any Fundthe Partnership. Notwithstanding the foregoing, CMF shall have no responsibility for the business operations of any feeder fund Feeder Fund that is not also operated or managed by CMF and for which the Advisor or one of the Advisor’s affiliates acts as commodity pool operator or otherwise operates (each an “Advisor Feeder Fund”)operator.
Appears in 2 contracts
Samples: Management Agreement (Tactical Diversified Futures Fund L.P.), Management Agreement (Diversified Multi-Advisor Futures Fund L.P. Ii)
INDEPENDENCE OF THE ADVISOR. For all purposes herein, the Advisor shall be deemed to be an independent contractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Funds in any way and shall not be deemed an agent, promoter or sponsor of the Funds, CMF, or any other trading advisor. The Advisor shall not be responsible to the Funds, CMF, any trading advisor or any limited partner for any acts or omissions of any other trading advisor to any Fund. Notwithstanding the foregoing, CMF shall have no responsibility for the business operations of any feeder fund for which the Advisor or one of the Advisor’s affiliates acts as commodity pool operator or otherwise operates (each an “Advisor Feeder Fund”). 3.
Appears in 1 contract
Samples: Management Agreement
