Common use of Payment of Trailing Commissions Clause in Contracts

Payment of Trailing Commissions. The General Partner shall pay a portion of the fixed commodity commission, after payment of expenses, as Trailing Commissions to the Sales Agents, including the Affiliated Introducing Broker of the General Partner, which are qualified to receive such commissions on terms it shall negotiate with such Sales Agents. The term expenses means the amounts paid by the General Partner for clearing charges and fees to the FCM and other Clearing Brokers, the Cash FX Firm, if any, the Exchanges, and the NFA. The method and the amount of such commissions or fees paid by the General Partner to the Sales Agents shall be determined solely by negotiations between the General Partner and the Sales Agents; provided, however, no change shall be made to permit a retroactive adjustment to Trailing Commissions previously paid. Any such adjustment in rate of Trailing Commissions must have equal application to all Sales Agents. Such fees and charges paid by the Fund to the General Partner are described in detail in the Prospectus.