Common use of Interest on Assets Clause in Contracts

Interest on Assets. The Partnership shall deposit all of its assets with such Commodity Broker(s) as the Partnership shall utilize from time to time, and such assets shall be used by the Partnership to engage in Futures Interests trading. Unless provided otherwise in the Prospectus, such assets will be invested in securities approved by the CFTC for investment of customer funds or held in non-interest-bearing accounts, and such Commodity Broker(s) will credit the Partnership at month-end with interest income as set forth in the Prospectus or as otherwise set forth in a notice to Limited Partners.

Appears in 6 contracts

Samples: Limited Partnership Agreement (Morgan Stanley Smith Barney Spectrum Select Lp), Limited Partnership Agreement (Morgan Stanley Smith Barney Spectrum Strategic Lp), Limited Partnership Agreement (Morgan Stanley Smith Barney Spectrum Select Lp)

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Interest on Assets. The Partnership shall deposit all of its assets with such Commodity Broker(s) as the Partnership shall utilize from time to time, and such assets shall be used by the Partnership to engage in Futures Interests trading. Unless provided otherwise in the Prospectus, such assets will be invested in securities approved permitted by the CFTC for investment of customer funds or held in non-interest-bearing accounts, and such Commodity Broker(s) will credit the Partnership at month-end with interest income as set forth in the Prospectus or as otherwise set forth in a notice to Limited Partners.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Morgan Stanley Smith Barney Charter WNT L.P.), Limited Partnership Agreement (Morgan Stanley Smith Barney Charter Campbell Lp)

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Interest on Assets. The Partnership shall deposit all of its assets with such Commodity Broker(s) as the Partnership shall utilize from time to time, and such assets shall be used by the Partnership to engage in Futures Interests trading. Unless provided otherwise in the ProspectusMemorandum, such assets will be invested in securities permitted investments approved by the CFTC as directed by the General Partner for investment of customer funds or held in non-interest-bearing accounts, and such Commodity Broker(s) will credit the Partnership at month-end with interest income as set forth in the Prospectus Memorandum or as otherwise set forth in a notice to Limited Partners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Ceres Tactical Currency L.P.)

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