Common use of Limited Assets Available Clause in Contracts

Limited Assets Available. In addition, the Advisor agrees that for any obligations due and owing to it by the Trading Vehicle, the Advisor will look solely and exclusively to the Trading Vehicle Allocated Assets to satisfy its claims and will not seek to attach or otherwise assert a claim against the other assets of the Trust, the Trading Vehicle or any Member whether there is a Bankruptcy or Insolvency Action taken or otherwise. The parties agree that this provision will survive the termination of this Agreement, whether terminated in a Bankruptcy or Insolvency Action or otherwise.

Appears in 2 contracts

Samples: Advisory Agreement (Futures Strategic Trust), Advisory Agreement (World Monitor Trust III)

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Limited Assets Available. In addition, the Advisor agrees that for any obligations due and owing to it by the Trading Vehicle, the Advisor will look solely and exclusively to the Trading Vehicle Allocated Assets to satisfy its claims and will not seek to attach or otherwise assert a claim against the other assets of the Trust, the Trading Vehicle or any Member Member, whether there is a Bankruptcy or Insolvency Action taken or otherwise. The parties agree that this provision will survive the termination of this Agreement, whether terminated in a Bankruptcy or Insolvency Action or otherwise.

Appears in 1 contract

Samples: Advisory Agreement (World Monitor Trust III)

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Limited Assets Available. In addition, the Advisor agrees that for any obligations due and owing to it by the Trading Vehicle, the Advisor will look solely and exclusively to the Trading Vehicle Allocated Assets Assets, to satisfy its claims and will not seek to attach or otherwise assert a claim against the other assets of the Trust, the Trading Vehicle or any Member whether there is a Bankruptcy or Insolvency Action taken or otherwise. The parties agree that this provision will survive the termination of this Agreement, whether terminated in a Bankruptcy or Insolvency Action or otherwise.

Appears in 1 contract

Samples: Advisory Agreement (World Monitor Trust III)

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