Speculative Position Limits. (i) To the extent that the Trading Advisor's trading is subject to speculative position limits or other comparable capacity limitations, the Trading Advisor agrees that it will reserve for the Fund sufficient trading capacity that the Fund's trading would be unrestricted by such limits were the Fund's capital to total $500 million. The Trading Advisor also agrees to consult with the Manager in the event that, notwithstanding the undertaking in the preceding sentence, the Manager believes that speculative position limits or comparable capacity restrictions may affect the Trading Advisor's strategy on behalf of the Fund.
Appears in 3 contracts
Samples: Advisory Agreement (ML Winton FuturesAccess LLC), Advisory Agreement (ML Cornerstone FuturesAccess LLC), Advisory Agreement (ML Appleton FuturesAccess LLC)
Speculative Position Limits. (i) To the extent that the Trading Advisor's ’s trading is subject to speculative position limits or other comparable capacity limitations, the Trading Advisor agrees that it will reserve for the Onshore Fund sufficient trading capacity that the Onshore Fund's ’s trading would be unrestricted by such limits were the Onshore Fund's ’s capital to total $500 million. The Trading Advisor also agrees to consult with the Manager in the event that, notwithstanding the undertaking in the preceding sentence, the Manager believes that speculative position limits or comparable capacity restrictions may affect the Trading Advisor's ’s strategy on behalf of the Onshore Fund.
Appears in 1 contract
Samples: Futuresaccesssm Advisory Agreement (ML Winton FuturesAccess LLC)
Speculative Position Limits. (i) To the extent that the Trading Advisor's trading is subject to speculative position limits or other comparable capacity limitations, the Trading Advisor agrees that it will reserve for the Fund sufficient trading capacity that the Fund's trading would be unrestricted by such limits were the Fund's capital to total $500 300 million. The Trading Advisor also agrees to consult with the Manager in the event that, notwithstanding the undertaking in the preceding sentence, the Manager believes that speculative position limits or comparable capacity restrictions may affect the Trading Advisor's strategy on behalf of the Fund.
Appears in 1 contract
