Common use of Optional Purchase of Series A Limited Interests Clause in Contracts

Optional Purchase of Series A Limited Interests. Subject to approval by the Managing Owner, any commodity broker, any Trading Advisor, and any principals, stockholders, directors, officers, employees and affiliates of the Managing Owner and/or its Affiliates, any commodity broker, and any Trading Advisor, may purchase any number of Series A Limited Interests and will be treated as Series A Limited Owners with respect to such Interests. In addition to the Series A Interests required to be purchased by the Managing Owner and/or its Affiliates under Section 3.2(a)(v), the Managing Owner and/or its Affiliates also may purchase any number of Series A Limited Interests as it or they determine in its or their discretion.

Appears in 4 contracts

Samples: Declaration of Trust and Trust Agreement (World Monitor Trust Series A), Declaration of Trust and Trust Agreement (World Monitor Trust Series B), Trust Agreement (World Monitor Trust Series B)

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