Common use of Interested Parties Clause in Contracts

Interested Parties. The fact that a Manager Party or an Investor is directly or indirectly interested in or connected with this Fund or a related party with which or with whom this Fund has dealings, including but not limited to the Manager's sharing in the Management Fees paid and Performance Fee paid by this Fund to the Trading Advisor (such sharing to be effected either by the Trading Advisor making a direct payment to the Manager or by the Trading Advisor making payments to this Fund which are specially allocated to the Manager), the receipt or rebate of other advisory and/or management fees, brokerage commissions, "bid-ask" spreads, mark-ups or other expenses, shall not preclude such dealings or makx xxem void or voidable; and neither this Fund nor any of the Investors shall have any rights in or to any such dealings or in or to any profits derived therefrom.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (ML Aspect FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Appleton FuturesAccess LLC)

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Interested Parties. The fact that a Manager Party or an Investor is directly or indirectly interested in or connected with this Fund or a related party with which or with whom this Fund has dealings, including but not limited to the Manager's sharing in the Management Fees paid and Performance Fee paid by this Fund to the Trading Advisor (such sharing to be effected either by the Trading Advisor making a direct payment to the Manager or by the Trading Advisor making payments to this Fund which are specially allocated to the Manager), the receipt or rebate of other advisory and/or management fees, brokerage commissions, "bid-ask" spreads, markxxxx-ups or other expenses, shall not preclude such dealings or makx xxem make them void or voidable; and neither this Fund nor any of the Investors shall have any rights in or to any such dealings or in or to any profits derived therefrom.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (ML Winton FuturesAccess LLC)

Interested Parties. The fact that a Manager Party or an Investor is directly or indirectly interested in or connected with this Fund or a related party with which or with whom this Fund has dealings, including but not limited to the Manager's ’s sharing in the Management Fees paid and Performance Fee paid by this Fund (as applicable) to the Trading Advisor trading advisor (such sharing to be effected either by the Trading Advisor trading advisor making a direct payment to the Manager or by the Trading Advisor trading advisor making payments to this Fund which are specially allocated to the Manager), the receipt or rebate of other advisory and/or management fees, brokerage commissions, "bid-ask" spreads, markxxxx-ups or other expenses, shall not preclude such dealings or makx xxem make them void or voidable; and neither this Fund nor any of the Investors shall have any rights in or to any such dealings or in or to any profits derived therefrom.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (ML APM Global Commodity FuturesAccess LLC)

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Interested Parties. The fact that a Manager Party or an Investor is directly or indirectly interested in or connected with this Fund or a related party with which or with whom this Fund has dealings, including but not limited to the Manager's sharing in the Management Fees paid and Performance Fee paid by this Fund to the Trading Advisor (such sharing to be effected either by the Trading Advisor making a direct payment to the Manager or by the Trading Advisor making payments to this Fund which are specially allocated to the Manager), the receipt or rebate of other advisory and/or management fees, brokerage commissions, "bid-ask" spreads, mark-ups or other expenses, shall not preclude such dealings or makx xxem maxx xhem void or voidable; and neither this Fund nor any of the Investors shall have any rights in or to any such dealings or in or to any profits derived therefrom.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (ML Cornerstone FuturesAccess LLC)

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