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

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.