OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes:
(i) to retain a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the “Part One (A) Confidential Program Disclosure Document: FuturesAccessSM Program General Information,” the “Part One (B) Confidential Program Disclosure Document: Trading Advisor Information” and the “Part Two Confidential Program Disclosure Document: Statement of Additional Information,” as they may be updated or supplemented from time to time (collectively, the “Disclosure Document”);
(ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and
(iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware.
(b) This FuturesAccess Fund, and the Sponsor on behalf of this FuturesAccess Fund, shall have the power to enter into, make and perform all contracts and other undertakings, and engage in all activities and transactions as may be necessary or advisable to the carrying out of the foregoing purposes, including, without limitation, the power:
(i) to trade futures, forwards, options and other instruments on margin and otherwise;
(ii) to borrow money from banks or brokers, and to secure the payment of any obligations of this FuturesAccess Fund by hypothecation or pledge of all or part of the assets of this FuturesAccess Fund;
(iii) to exercise, as applicable, all rights, powers, privileges and other incidents of ownership or possession with respect to the assets of this FuturesAccess Fund;
(iv) to open, maintain and close bank, brokerage and other accounts;
(v) to prepare and file all tax returns required of this FuturesAccess Fund and make any election or determination on behalf of this FuturesAccess Fund in connection therewith or as otherwise required or permitted by applicable tax laws;
(vi) to bring, defend, compromise and settle legal actions or other claims on behalf of this FuturesAccess Fund;
(vii) to maintain insurance on behalf of this FuturesAccess Fund, including indemnification insurance; or
(viii) to take any and all such actions as the Sponsor may deem to be necessary or advisable in c...
OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes:
(i) to retain a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the disclosure document for this FuturesAccess Fund, including any and all parts or sections thereof and exhibits or supplements thereto (the “Disclosure Document”);
(ii) to maintain such futures brokerage, forward dealing and other counterparty accounts, as well as such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and
OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes:
(i) to retain a professional trading advisor (the “Trading Advisor”) to manage this FuturesAccess Fund’s speculative trading in the futures, forward, options and other markets as described in the disclosure document for this FuturesAccess Fund, including any and all parts or sections thereof and exhibits or supplements thereto (the “Disclosure Document”);
OBJECTIVES AND PURPOSES. (a) Systematic Momentum FuturesAccess shall have the following objectives and purposes:
(i) to allocate and reallocate its capital among different FuturesAccess Funds under the direction of the Sponsor, attempting to achieve consistently high risk-adjusted returns by implementing an active multi-advisor managed futures program;
(ii) to maintain such cash reserves as the Sponsor may from time to time deem to be appropriate and to invest and manage all such cash reserves; and
(iii) to engage in any other lawful act or activity within and without the United States for which limited liability companies may be organized under the laws of the State of Delaware.
(b) Systematic Momentum FuturesAccess, and the Sponsor on behalf of Systematic MomentumFuturesAccess, shall have the power to enter into, make and perform all contracts and other
OBJECTIVES AND PURPOSES. 2.3.1 The purpose of the Environmental Response Trust shall be to: (i) own the Sites; (ii) carry out administrative and property management functions related to the DPH Sites; (iii) manage and/or fund implementation of future Environmental Actions approved by the Lead Agencies with respect to the DPH Sites; (iv) fulfill other obligations as set forth in this Stipulation and Settlement Agreement; (v) pay certain future oversight costs; and (vi) ultimately sell, transfer, or otherwise dispose or facilitate the reuse of all or part of the DPH Sites, if possible, all as provided herein with no objective or authority to engage in any trade or business. The performance by the Environmental Trustee of its duties under this Agreement, including but not limited to the sale, lease or other disposition of some or all of the DPH Sites, shall not be considered to be the Environmental Trustee’s engaging in a trade or business.
2.3.2 The Environmental Response Trust is established pursuant to this Agreement and the Stipulation and Settlement Agreement and approved by the Bankruptcy Court for the sole purpose of resolving environmental liabilities of Reorganized Debtors with respect to the DPH Sites. The Bankruptcy Court shall retain continuing jurisdiction over the Environmental Response Trust. The Environmental Response Trust satisfies all the requirements of, and is intended by the Parties to be classified as, a qualified settlement fund pursuant to the QSF Regulations.
OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes:
(i) to access, by investing all or substantially all of its assets in the Master Fund, a professional trading advisor (the “Trading Advisor”) which will manage the Master Fund’s speculative trading in the futures, forward, options and other markets as described in the disclosure document for this FuturesAccess Fund, including any and all parts or sections thereof and exhibits or supplements thereto (the “Disclosure Document”); provided that the Sponsor may in its discretion retain the Trading Advisor directly at this FuturesAccess Fund level, rather than at the Master Fund level;
OBJECTIVES AND PURPOSES. The objectives and purposes of the Council shall be to stimulate, promote, assist and develop the general economic welfare, prosperity and stability, greater employment opportunities and diversification of industry and services within the Region. All activities undertaken by the Council to achieve or further the foregoing objectives and purposes shall be carried out without discrimination in regard to race, color, creed, or sex.
OBJECTIVES AND PURPOSES general provisions
OBJECTIVES AND PURPOSES. Mainly for the purpose of meeting the yearly targets established by Agê ncia Nacional de Telecomnicações (“ANATEL”), more specifically, (i) expanding the telecommunication network and (ii) improving the telecommunication quality in relation to the Borrower’s fixed line business including the data network, the Borrower will execute the capital expenditures as set forth in 2 below during 2003 and 2004.
OBJECTIVES AND PURPOSES. The purpose of the Plan Trust is to provide a mechanism for the liquidation of the Plan Trust Assets, and to distribute the proceeds of the liquidation, net of all claims, expenses, charges, liabilities, and obligations of the Plan Trust, to the holders of Beneficial Interests and certain Allowed Claims in accordance with the terms of the Plan. No business activities will be conducted by the Plan Trust other than those associated with or related to the liquidation of the Plan Trust Assets and such assets are being transferred to the Plan Trust with no objective to engage in such activities. In furtherance of this objective, the Plan Trustee shall make continuing best efforts to (1) dispose of the Plan Trust Assets, (2) make timely Distributions, and (3) not unduly prolong the duration of the Plan Trust, in accordance with this Plan Trust Agreement. The purposes of the Plan Trust include, but are not limited to the following:
(a) to marshal, liquidate, and distribute the Plan Trust Assets in an expeditious but orderly manner;
(b) to perform the functions and take the actions provided for or permitted by this Plan Trust Agreement and in any other agreement executed by the Plan Trustee for the Plan Trust pursuant to the Plan;
(c) to prosecute, settle, or abandon the Rights of Action (other than the Preference Actions) and any other causes of action transferred and assigned to the Plan Trust under the Plan as Plan Trust Assets and to distribute the proceeds of any recoveries thereon in accordance with the terms of the Plan and this Plan Trust Agreement;
(d) to reconcile, object to, prosecute, or settle all Claims against the Debtor (other than General Unsecured Claims) for purposes of determining the appropriate amount of Distributions to be made hereunder to the Beneficiaries and payments to other claimants under the terms and conditions set forth in this Plan Trust Agreement; and
(e) to make Distributions to Beneficiaries of the Plan Trust in accordance with the Plan.
