Common use of OBJECTIVES AND PURPOSES Clause in Contracts

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. (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 MomentumFuturesAccessMomentum FuturesAccess, shall have the power to enter into, make and perform all contracts and other