Common use of PROCEDURE AS TO NEW INVESTORS Clause in Contracts

PROCEDURE AS TO NEW INVESTORS. The Manager may, as of the beginning of any calendar month (or as of such other times as the Manager may deem appropriate), admit one or more new Investors by issuing to such Investor Units of the appropriate Class; provided, however, that each such new investor to the Program shall execute and deliver an appropriate FuturesAccess Program Subscription and Exchange Agreement (unless a FuturesAccess Program Subscription and Exchange Agreement Signature Page has previously been accepted from such Investor and the Manager does not request a resubmission), and each Capital Contribution shall be accompanied by a FuturesAccess Program Subscription and Exchange Agreement Signature Page. This Fund may charge an Investor such amount as may be deemed appropriate by the Manager to compensate this Fund in the case of any Capital Contribution received by this Fund after the day as of which the new Investor is admitted to this Fund and such Investor's Units are deemed to have been issued. Admission of a new Investor shall not result in a dissolution of this Fund.

PROCEDURE AS TO NEW INVESTORS. The Manager may, as of the beginning of any calendar month (or as of such other times as the Manager may deem appropriate), admit one or more new Investors by issuing to such Investor Units of the appropriate Class; provided, however, that each such new investor to the Program FuturesAccess shall execute and deliver an appropriate FuturesAccess Program Subscription and Exchange Agreement (unless a FuturesAccess Program Subscription and Exchange Agreement Signature Page has previously been accepted from such Investor and the Manager does not request a resubmission), and each Capital Contribution shall be accompanied by a FuturesAccess Program Subscription and Exchange Agreement Signature Page. This Fund may charge an Investor such amount as may be deemed appropriate by the Manager to compensate this Fund in the case of any Capital Contribution received by this Fund after the day as of which the new Investor is admitted to this Fund and such Investor's ’s Units are deemed to have been issued. Admission of a new Investor shall not result in a dissolution of this Fund.