Common use of Proprietary Information of the Trust Clause in Contracts

Proprietary Information of the Trust. The Administrator acknowledges that the Shareholder list and all information related to Shareholders furnished to the Administrator by the Trust or by a Shareholder in connection with this Agreement (collectively, “Customer Data”), all information regarding the Trust Portfolios, arrangements with brokerage firms, compensation paid to or by the Trust, trading strategies and all such related information (collectively, “the Trust’s Proprietary Information”) constitute proprietary information of substantial value to the Trust. In no event shall the Administrator’s Proprietary Information be deemed the Trust’s Proprietary Information or Customer Data. The Administrator agrees to treat all of the Trust’s Proprietary Information and Customer Data as proprietary to the Trust and further agrees that it shall not divulge any of the Trust’s Proprietary Information or Customer Data to any person or organization except as may be provided under this Agreement or as may be directed by the Trust or as may be duly requested by regulatory authorities.

Proprietary Information of the Trust. The Administrator acknowledges that the Shareholder list and all information related to Shareholders furnished to the Administrator by the Trust rust or by a Shareholder in connection with this Agreement (collectively, “"Customer Data”"), all information regarding the Trust Portfolios, arrangements with brokerage firms, compensation paid to or by the Trust, trading strategies and all such related information (collectively, “"the Trust’s 's Proprietary Information”") constitute proprietary information of substantial value to the Trust. In no event shall the Administrator’s 's Proprietary Information be deemed the Trust’s 's Proprietary Information or Customer Data. The Administrator agrees to treat all of the Trust’s 's Proprietary Information and Customer Data as proprietary to the Trust and further agrees that it shall not divulge any of the Trust’s 's Proprietary Information or Customer Data to any person or organization except as s may be provided under this Agreement or as may be directed by the Trust or as may be duly requested by regulatory authorities.

Proprietary Information of the Trust. The Administrator acknowledges that the Shareholder list and all information related to Shareholders furnished to the Administrator by the Trust or by a Shareholder in connection with this Agreement (collectively, “"Customer Data”"), all information regarding the Trust Portfolios, arrangements with brokerage firms, compensation paid to or by the Trust, trading strategies and all such related information (collectively, “"the Trust’s 's Proprietary Information”") constitute proprietary information of substantial value to the Trust. In no event shall the Administrator’s 's Proprietary Information be deemed the Trust’s 's Proprietary Information or Customer Data. The Administrator agrees to treat all of the Trust’s 's Proprietary Information and Customer Data as proprietary to the Trust and further agrees that it shall not divulge any of the Trust’s 's Proprietary Information or Customer Data to any person or organization except as may be provided under this Agreement or as may be directed by the Trust or as may be duly requested by regulatory authorities.