Common use of Obligations and Expenses Clause in Contracts

Obligations and Expenses. (a) Except as otherwise set forth herein, the Customer, and not DWR, shall be responsible for all taxes, management and incentive fees to the Trading Advisor, brokerage commissions to DWR, and all extraordinary expenses incurred by it. In addition, the Customer, and not DWR, shall pay the charges of MS & Co. and MSIL for executing and clearing the Customer's futures interests trades (as described in paragraph 5(b) below). (b) DWR shall pay and not be reimbursed for the Customer's ordinary administrative expenses, including expenses for services provided by third parties selected by the General Partner and reimbursement of all out-of-pocket expenses incurred by such persons and by the General Partner and its affiliates in providing services to the Customer. Such expenses shall include legal, accounting and auditing expenses (including expenses incurred in preparing reports and tax information to Limited Partners and regulatory authorities and expenses for specialized administrative services), printing and duplication expenses, mailing expenses, and filing fees.

Obligations and Expenses. (a) Except as otherwise set forth herein, the Customer, and not DWR, shall be responsible for all taxes, management and incentive fees to the Trading Advisor, brokerage commissions to DWR, and all extraordinary expenses incurred by it. In addition, the Customer, and not DWR, shall pay the charges of MS & Co. and MSIL CFI for executing and clearing the Customer's futures interests trades (as described in paragraph 5(b) below). (b) DWR shall pay and not be reimbursed for the Customer's ordinary administrative expenses, including expenses for services provided by third parties selected by the General Partner and reimbursement of all out-of-pocket expenses incurred by such persons and by the General Partner and its affiliates in providing services to the Customer. Such expenses shall include legal, accounting and auditing expenses (including expenses incurred in preparing reports and tax information to Limited Partners and regulatory authorities and expenses for specialized administrative services), printing and duplication expenses, mailing expenses, and filing fees.

Obligations and Expenses. (a) Except as otherwise set forth herein, the Customer, and not DWR, shall be responsible for all taxes, management and incentive fees to the Trading Advisor, brokerage commissions to DWR, and all extraordinary expenses incurred by it. In addition, the Customer, and not DWR, shall pay the charges of MS & Co. and MSIL for executing and clearing the Customer's futures interests trades (as described in paragraph 5(b) below). (b) DWR shall pay and not be reimbursed for the Customer's ordinary administrative expenses, including expenses for services provided by third parties selected by the General Partner and reimbursement of all out-of-pocket expenses incurred by such persons perosons and by the General Partner and its affiliates in providing services to the Customer. Such expenses shall include legal, accounting and auditing expenses (including expenses incurred in preparing praparing reports and tax information to Limited Partners and regulatory authorities and expenses for specialized administrative services), printing and duplication expenses, mailing expenses, and filing fees.