Common use of Required Contribution of Managing Owner Clause in Contracts

Required Contribution of Managing Owner. In the event that 50,000 or more of the Series F Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F Interests, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F an amount, which, when added to the total contributions to Series F by all Series F Interestholders, will be not less than 1% of such total contributions, and in no event shall such contribution be less than $50,500 (including the Managing Owner’s and its Affiliates’ Capital Contributions. Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F an amount not less than 1.01% of any additional Capital Contributions received from the Series F Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series F) in each material item of Series F income, gain, loss and deduction shall be equal, in the aggregate, to at least 1% of each such item at all times during the term of this Trust Agreement.

Appears in 3 contracts

Samples: Trust Agreement (World Monitor Trust Ii Series E), Trust Agreement (World Monitor Trust Ii Series F), Trust Agreement (World Monitor Trust Ii Series D)

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Required Contribution of Managing Owner. In the event that 50,000 or more of the Series F D Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F D Interests, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F D an amount, which, when added to the total contributions to Series F D by all Series F D Interestholders, will be not less than 1% of such total contributions, and in no event shall such contribution be less than $50,500 (including the Managing Owner’s and and/or its Affiliates’ Capital Contributions). Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F D an amount not less than 1.01% of any additional Capital Contributions received from the Series F D Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F D Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F D General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F D Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F D Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series FD) in each material item of Series F D income, gain, loss and deduction shall be equal, in the aggregate, to at least 1% of each such item at all times during the term of this Trust Agreement.

Appears in 3 contracts

Samples: Trust Agreement (World Monitor Trust Ii Series F), Trust Agreement (World Monitor Trust Ii Series E), Trust Agreement (World Monitor Trust Ii Series D)

Required Contribution of Managing Owner. In the event that 50,000 or more of the Series F E Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F E Interests, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F E an amount, which, when added to the total contributions to Series F E by all Series F E Interestholders, will be not less than 1% of such total contributions, and in no event shall such contribution be less than $50,500 (including the Managing Owner’s and and/or its Affiliates’ Capital Contributions). Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F E an amount not less than 1.01% of any additional Capital Contributions received from the Series F E Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F E Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F E General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F E Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F E Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series FE) in each material item of Series F E income, gain, loss and deduction shall be equal, in the aggregate, to at least 1% of each such item at all times during the term of this Trust Agreement.

Appears in 3 contracts

Samples: Trust Agreement (World Monitor Trust Ii Series D), Trust Agreement (World Monitor Trust Ii Series E), Trust Agreement (World Monitor Trust Ii Series F)

Required Contribution of Managing Owner. In the event that 50,000 40,000 or more of the Series F A Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F A Interests, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F A an amount, which, when added to the total contributions to Series F A by all Series F A Interestholders, will be not less than one percent (1% %) of such total contributions, and in no event shall such contribution be less than $50,500 40,000 (including the Managing Owner’s and 's and/or its Affiliates' Capital Contributions). Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F A an amount not less than 1.01% of any additional Capital Contributions received from the Series F A Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F A Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F A General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F A Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F A Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series FA) in each material item of Series F A income, gain, loss and deduction shall be equal, in the aggregate, to at least one percent (1% %) of each such item at all times during the term of this Trust Agreement.

Appears in 2 contracts

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

Required Contribution of Managing Owner. In the event that 50,000 30,000 or more of the Series F B Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F B Interests, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F B an amount, which, when added to the total contributions to Series F B by all Series F B Interestholders, will be not less than one percent (1% %) of such total contributions, and in no event shall such contribution be less than $50,500 30,000 (including the Managing Owner’s and and/or its Affiliates’ Capital Contributions). Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F B an amount not less than 1.01% of any additional Capital Contributions received from the Series F B Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F B Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F B General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F B Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F B Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series FB) in each material item of Series F B income, gain, loss and deduction shall be equal, in the aggregate, to at least one percent (1% %) of each such item at all times during the term of this Trust Agreement.

Appears in 2 contracts

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

Required Contribution of Managing Owner. In the event that 50,000 30,000 or more of the Series F C Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F C Interests, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F C an amount, which, when added to the total contributions to Series F C by all Series F C Interestholders, will be not less than one percent (1% %) of such total contributions, and in no event shall such contribution be less than $50,500 30,000 (including the Managing Owner’s and 's and/or its Affiliates' Capital Contributions). Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F C an amount not less than 1.01% of any additional Capital Contributions received from the Series F C Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F C Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F C General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F C Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F C Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, Owner except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series FC) in each material item of Series F C income, gain, loss and deduction shall be equal, in the aggregate, to at least one percent (1% %) of each such item at all times during the term of this Trust Agreement.

Appears in 2 contracts

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

Required Contribution of Managing Owner. In the event that 50,000 30,000 or more of the Series F C Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F C Interests, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F C an amount, which, when added to the total contributions to Series F C by all Series F C Interestholders, will be not less than one percent (1% %) of such total contributions, and in no event shall such contribution be less than $50,500 30,000 (including the Managing Owner’s and and/or its Affiliates’ Capital Contributions). Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F C an amount not less than 1.01% of any additional Capital Contributions received from the Series F C Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F C Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F C General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F C Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F C Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, Owner except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series FC) in each material item of Series F C income, gain, loss and deduction shall be equal, in the aggregate, to at least one percent (1% %) of each such item at all times during the term of this Trust Agreement.

Appears in 2 contracts

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

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Required Contribution of Managing Owner. In the event that 50,000 40,000 or more of the Series F A Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F A Interests, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F A an amount, which, when added to the total contributions to Series F A by all Series F A Interestholders, will be not less than one percent (1% %) of such total contributions, and in no event shall such contribution be less than $50,500 40,000 (including the Managing Owner’s and and/or its Affiliates’ Capital Contributions). Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F A an amount not less than 1.01% of any additional Capital Contributions received from the Series F A Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F A Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F A General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F A Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F A Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series FA) in each material item of Series F A income, gain, loss and deduction shall be equal, in the aggregate, to at least one percent (1% %) of each such item at all times during the term of this Trust Agreement.

Appears in 2 contracts

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

Required Contribution of Managing Owner. In the event that 50,000 30,000 or more of the Series F B Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F B Interests, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F B an amount, which, when added to the total contributions to Series F B by all Series F B Interestholders, will be not less than one percent (1% %) of such total contributions, and in no event shall such contribution be less than $50,500 30,000 (including the Managing Owner’s and 's and/or its Affiliates' Capital Contributions). Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F B an amount not less than 1.01% of any additional Capital Contributions received from the Series F B Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F B Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F B General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F B Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F B Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series FB) in each material item of Series F B income, gain, loss and deduction shall be equal, in the aggregate, to at least one percent (1% %) of each such item at all times during the term of this Trust Agreement.

Appears in 2 contracts

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

Required Contribution of Managing Owner. In the event that 50,000 100,000 or more of the Series F Limited Interests offered pursuant to the Prospectus are sold during the Initial Offering Period for the Series F InterestsPeriod, the Managing Owner and/or its Affiliates shall be required to contribute in cash to the capital of Series F the Trust an amount, which, when added to the total contributions to Series F the Trust by all Series F Interestholders, will be not less than one percent (1% %) of such total contributions, and in no event shall such contribution be less than $50,500 101,000 (including the Managing Owner’s and and/or its Affiliates’ Capital Contributions). Thereafter, the Managing Owner and/or its Affiliates shall contribute in cash to the capital of Series F the Trust an amount not less than 1.01% of any additional Capital Contributions received by the Trust from the Series F Limited Owners. The Managing Owner and/or its Affiliates may, but are not obligated to, make additional Capital Contributions at any time during the Series F Initial or Continuous Offering Periods. The Managing Owner and/or its Affiliates will receive Series F General Interests. The Managing Owner and/or its Affiliates shall, with respect to any Series F Interests owned by them, enjoy all of the rights and privileges and be subject to all of the obligations and duties of a Series F Limited Owner, in addition to rights and privileges the Managing Owner has as Managing Owner, except as otherwise provided herein. Notwithstanding anything to the contrary in this Trust Agreement, the interest of the Managing Owner and/or its Affiliates (without regard to any Limited Interests of the Managing Owner and/or its Affiliates in Series Fthe Trust) in each material item of Series F Trust income, gain, loss and deduction shall be equal, in the aggregate, to at least one percent (1% %) of each such item at all times during the term of this Trust Agreement.

Appears in 1 contract

Samples: Trust Agreement (Prudential Securities Strategic Trust)

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