Common use of PROCESSING OF SUBSCRIPTIONS Clause in Contracts

PROCESSING OF SUBSCRIPTIONS. (a) The Sponsor may admit new Investors to Systematic Momentum FuturesAccess at such times and upon such notice (if any) as the Sponsor may determine. Investors’ Securities Accounts will be debited on or about the issuance date of such Units, and the amount so debited, less any applicable sales commission, will be invested directly in Systematic Momentum FuturesAccess. No interest will be payable in respect of any such subscriptions. (b) Investors acknowledge that the admission of new Investors may change the overall allocation of Systematic Momentum FuturesAccess’ portfolio among the underlying FuturesAccess Funds. (c) To the extent required by Rule 15c2-4 of the Securities Exchange Act of 1934, as amended, all subscriptions while held in escrow during the initial offering period pending release to Systematic Momentum FuturesAccess shall be held by a bank independent of the Sponsor, its affiliates, and their respective officers, employees, representatives and agents (each, a “Sponsor Party” and, collectively, the “Sponsor Parties”).

PROCESSING OF SUBSCRIPTIONS. (a) The Sponsor may admit new Investors to Systematic Momentum FuturesAccess at such times and upon such notice (if any) as the Sponsor may determine. Investors’ Securities Xxxxxxx Xxxxx Accounts will be debited on or about the issuance date of such Units, and the amount so debited, less any applicable sales commission, will be invested directly in Systematic Momentum FuturesAccess. No interest will be payable in respect of any such subscriptions. (b) Investors Members acknowledge that the admission of new Investors Members may change the overall allocation of Systematic Momentum FuturesAccess’ portfolio among the underlying FuturesAccess Funds. (c) To the extent required by Pursuant to Securities and Exchange Commission Rule 15c2-4 of the Securities Exchange Act of 19344, as amended, all any subscriptions while held in escrow during the initial offering period pending release to Systematic Momentum FuturesAccess shall be held by a bank independent of the Sponsor, its affiliates, and their respective officers, employees, representatives and agents (each, a “Sponsor Party” and, collectively, the “Sponsor Parties”).

PROCESSING OF SUBSCRIPTIONS. (a) The Sponsor may admit new Investors to Systematic Momentum FuturesAccess at such times and upon such notice (if any) as the Sponsor may determine. Investors’ ' Securities Accounts will be debited on or about the issuance date of such Units, and the amount so debited, less any applicable sales commission, will be invested directly in Systematic Momentum FuturesAccess. No interest will be payable in respect of any such subscriptions. (b) Investors acknowledge that the admission of new Investors may change the overall allocation of Systematic Momentum FuturesAccess’ ' portfolio among the underlying FuturesAccess Funds. (c) To the extent required by Rule 15c2-4 of the Securities Exchange Act of 1934, as amended, all subscriptions while held in escrow during the initial offering period pending release to Systematic Momentum FuturesAccess shall be held by a bank independent of the Sponsor, its affiliates, and their respective officers, employees, representatives and agents (each, a “Sponsor Party” and, collectively, the “Sponsor Parties”).

PROCESSING OF SUBSCRIPTIONS. (a) The Sponsor may admit new Investors to Systematic Momentum FuturesAccess at such times and upon such notice (if any) as the Sponsor may determine. Investors’ Securities Xxxxxxx Xxxxx Accounts will be debited on or about the issuance date of such Units, and the amount so debited, less any applicable sales commission, will be invested directly in Systematic Momentum FuturesAccess. No interest will be payable in respect of any such subscriptions. (b) Investors acknowledge that the admission of new Investors may change the overall allocation of Systematic Momentum FuturesAccess’ portfolio among the underlying FuturesAccess Funds. (c) To the extent required by Rule 15c2-4 of the Securities Exchange Act of 1934, as amended, all subscriptions while held in escrow during the initial offering period pending release to Systematic Momentum FuturesAccess shall be held by a bank independent of the Sponsor, its affiliates, and their respective officers, employees, representatives and agents (each, a “Sponsor Party” and, collectively, the “Sponsor Parties”).

PROCESSING OF SUBSCRIPTIONS. (a) The Sponsor may admit new Investors to Systematic Momentum FuturesAccess at such times and upon such notice (if any) as the Sponsor may determine. Investors’ ' Securities Accounts will be debited on or about the issuance date of such Units, and the amount so debited, less any applicable sales commission, will be invested directly in Systematic Momentum FuturesAccess. No interest will be payable in respect of any such subscriptions. (b) Investors acknowledge that the admission of new Investors may change the overall allocation of Systematic Momentum FuturesAccess’ ' portfolio among the underlying FuturesAccess Funds. (c) To the extent required by Rule 15c2-4 of the Securities Exchange Act of 1934, as amended, all subscriptions while held in escrow during the initial offering period pending release to Systematic Momentum FuturesAccess shall be held by a bank independent of the Sponsor, its affiliates, and their respective officers, employees, representatives and agents (each, a “"Sponsor Party” " and, collectively, the “"Sponsor Parties”").