Trading for the Fund Sample Clauses

Trading for the Fund. The Trading Advisor shall act as a trading advisor for the Fund. The Trading Advisor, the Manager and the Fund agree that in managing the Fund, the Trading Advisor shall implement the trading program and strategies (the “Trading Program”) as provided by the Trading Advisor for incorporation into the Memorandum. The Trading Advisor shall have sole and exclusive authority and responsibility for directing the Fund’s trading, subject to the Manager’s fiduciary authority to intervene to overrule or unwind trades if the Manager deems that doing so is necessary or advisable for the protection of the Fund. The Fund or the Manager may also override the trading instructions of the Trading Advisor to the extent necessary: (i) to fund any distributions or redemptions of Units to be made by the Fund; (ii) to pay the Fund’s expenses; and/or (iii) to comply with speculative position limits; provided that the Fund and the Manager shall permit the Trading Advisor three days in which to liquidate positions for the purposes set forth in clauses (i)-(ii) prior to exercising its override authority. Subject to Section 12, the Trading Advisor shall have no liability for the results of any action (or non-action) of the Manager or Fund overriding the Trading Advisor including pursuant to clauses (i)-(ii) above. The Trading Advisor shall give the Fund at least 30 days’ prior written notice of any proposed material change in the Trading Program and shall not make any such proposed material change without the Manager’s consent. The addition and/or deletion of commodity interests from the Fund’s portfolio managed by the Trading Advisor shall not be deemed a change in the Trading Advisor’s trading approach and prior written notice to the Fund or the Manager shall not be required therefor, except as set forth in Section 2(b) below.
Sample 1See All (4)
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Trading for the Fund. The Trading Advisor shall act as the sole and exclusive trading advisor for the Fund. The Trading Advisor, the Manager and the Fund agree that in making trading decisions for the Fund, the Trading Advisor shall use its Diversified Trend Program (Enhanced Risk - USD) (the “Trading Program”) described in the Memorandum. The Trading Advisor shall have sole and exclusive authority and responsibility for directing the Fund’s trading, subject to the Manager’s fiduciary authority to intervene to overrule or unwind trades if the Manager deems that doing so is necessary or advisable for the protection of the Fund. The Manager may also override the trading instructions of the Trading Advisor to the extent necessary: (i) to fund any distributions or redemptions of Interests to be made by the Fund; (ii) to pay the Fund’s expenses; and/or (iii) to comply with speculative position limits; provided that the Manager shall permit the Trading Advisor three days in which to liquidate positions for the purposes set forth in clauses (i)-(ii) prior to exercising its override authority. The Trading Advisor will have no liability for the results of any of the Manager’s interventions in (i), (ii) or (iii), above. The Trading Advisor shall give the Manager prompt written notice of any proposed material change in the Trading Program (as described in the Trading Advisor Disclosure Document and as applied to the Fund) and shall not make any such material change without at least 30 days’ prior notice to the Manager if such material change would require an amendment to the Trading Advisor Disclosure Document. The addition and/or deletion of commodity interests from the Fund’s portfolio traded by the Trading Advisor shall not be deemed a material change in the Trading Program and prior written notice to the Manager shall not be required therefor, except as set forth in Section 2(b) below.
Sample 1
Trading for the Fund. The Trading Advisor shall act as a trading advisor for the Fund. The Trading Advisor, the Manager and the Fund agree that in managing the Fund, the Trading Advisor shall implement the trading program and strategies (the "Trading Program") described in the Memorandum. The Trading Advisor shall have sole and exclusive authority and responsibility for directing the Fund's trading, subject to the Manager's fiduciary authority to intervene to overrule or unwind trades if the Manager deems that doing so is necessary or advisable for the protection of the Fund. The Fund or the Manager may also override the trading instructions of the Trading Advisor to the extent necessary: (i) to fund any distributions or redemptions of Units to be made by the Fund; (ii) to pay the Fund's expenses; and/or (iii) to comply with speculative position limits; provided that the Fund and the Manager shall permit the Trading Advisor three days in which to liquidate positions for the purposes set forth in clauses (i)-(ii) prior to exercising its override authority. The Trading Advisor will have no liability for the results of any of the Manager's interventions in (i)-(ii), above. The Trading Advisor shall give the Fund prompt written notice of any proposed material change in the Trading Program or the manner in which trading decisions are to be made or implemented and shall not make any such proposed material change without the Manager's consent. The addition and/or deletion of commodity interests from the Fund's portfolio managed by the Trading Advisor shall not be deemed a change in the Trading Advisor's trading approach and prior written notice to the Fund or the Manager shall not be required therefor, except as set forth in Section 2(b) below.
Sample 1
Trading for the Fund. The Trading Advisor shall act as a trading advisor for the Fund. The Trading Advisor, the Manager and the Fund agree that in managing the Fund, the Trading Advisor shall implement the trading program and strategies (the "Trading Program") described in the Memorandum. The Trading Advisor shall have sole and exclusive authority and responsibility for directing the Fund's trading, subject to the Manager's fiduciary authority to intervene to overrule or unwind trades if the Manager deems that doing so is necessary or advisable for the protection of the Fund. The Fund or the Manager may also override the trading instructions of the Trading Advisor to the extent necessary: (i) to fund any distributions or redemptions of Interests to be made by the Fund; (ii) to pay the Fund's expenses; and/or (iii) to comply with speculative position limits; provided that the Fund and the Manager shall permit the Trading Advisor three days in which to liquidate positions for the purposes set forth in clauses (i)-(ii) prior to exercising its override authority. The Trading Advisor will have no liability for the results of any of the Manager's interventions in (i)-(ii), above. The Trading Advisor will provide written notice of material changes to the Trading Program 30 calendar days prior to implementation. The Trading Advisor dedicates substantial ongoing resources to improving the Trading Program and changes that the Trading Advisor considers improvements to its existing methodology will not be deemed material. The addition or deletion of an entire asset class will be deemed material, while the addition or deletion of a member of an asset class will not be deemed material.
Sample 1
Trading for the Fund. The Trading Advisor shall act solely as a trading advisor for the Fund. The Trading Advisor, the Manager and the Fund agree that in trading the Fund, the Trading Advisor shall implement the U.S. AHL Diversified Program, subject to any differences resulting from restrictions placed on the Fund’s trading portfolio due to the Manager’s disapproving or delaying its approval of an instrument pursuant to the process referenced in Section 2(b) below (the “Trading Program”), as provided by the Trading Advisor for incorporation into the Memorandum and trading the instruments set forth in the Approved Instruments List (as defined below). The Trading Advisor shall have sole and exclusive authority and responsibility for directing the Fund’s trading, subject to the Manager’s fiduciary obligation to intervene to overrule or unwind trades if the Manager deems that doing so is necessary or reasonably advisable for the protection of the Fund. The Fund or the Manager may also override the trading instructions of the Trading Advisor to the extent necessary: (i) to fund any distributions or redemptions of Interests to be made by the Fund; (ii) to pay the Fund’s expenses; and/or (iii) to comply with speculative position limits imposed by the CFTC or a particular market on which instruments traded by the Trading Advisor for the Fund are listed or traded; provided that the Fund and the Manager shall permit the Trading Advisor three days in which to liquidate positions for the purposes set forth in clauses (i)-(iii) prior to exercising its override authority. The Manager agrees that any exercise of its override authority under this Section 2(a) will be effected solely by the Manager or a Manager affiliate (or, at the Manager’s request, the Trading Advisor). The Trading Advisor will have no liability for the results of any of the Manager’s interventions under Section 2(a)(i)-(ii) above effected by the Manager or Manager affiliate nor under 2(a)(iii) if the Manager’s intervention is proven to be an error and the Trading Advisor was in fact in compliance with speculative position limits imposed by the CFTC or a particular market on which instruments traded by the Trading Advisor for the Fund are listed or traded. The Trading Advisor shall give the Fund at least 30 days’ prior written notice of any proposed material change in the Trading Program or the manner in which trading decisions are to be made or implemented and shall not make any such proposed material change affecting the F...
Sample 1

Related to Trading for the Fund

  • NON-EXCLUSIVITY; TRADING FOR ADVISOR’S OWN ACCOUNT The Trust’s employment of the Advisor is not an exclusive arrangement. The Trust may from time to time employ other individuals or entities to furnish it with the services provided for herein. Likewise, the Advisor may act as investment adviser for any other person, and shall not in any way be limited or restricted from buying, selling or trading any securities for its or their own accounts or the accounts of others for whom it or they may be acting; provided, however, that the Advisor expressly represents that it will undertake no activities which will adversely affect the performance of its obligations to the Fund under this Agreement; and provided further that the Advisor will adhere to a code of ethics governing employee trading and trading for proprietary accounts that conforms to the requirements of the Investment Company Act and the Advisers Act and has been approved by the Board of Trustees.

  • NON-EXCLUSIVITY; TRADING FOR ADVISER’S OWN ACCOUNT The Trust’s employment of the Adviser is not an exclusive arrangement. The Trust may from time to time employ other individuals or entities to furnish it with the services provided for herein with respect to other series of the Trust. Likewise, the Adviser may act as investment adviser for any other person, and shall not in any way be limited or restricted from buying, selling or trading any securities for its or their own accounts or the accounts of others for whom it or they may be acting, provided, however, that the Adviser expressly represents that it will undertake no activities which, in its judgment, will adversely affect the performance of its obligations to any Fund under this Agreement; and provided further that the Adviser will adopt a code of ethics governing employee trading and trading for proprietary accounts that conforms to the requirements of the Investment Company Act and the Advisers Act and has been approved by the Board of Trustees.

  • Purchase for Own Account This Warrant and the securities to be acquired upon exercise of this Warrant by Holder are being acquired for investment for Holder’s account, not as a nominee or agent, and not with a view to the public resale or distribution within the meaning of the Act. Holder also represents that it has not been formed for the specific purpose of acquiring this Warrant or the Shares.

  • Reporting Entity for the Common Stock The reporting entity relied upon for the determination of the trading price or trading volume of the Common Stock on any given Trading Day for the purposes of this Agreement shall be Bloomberg, L.P. or any successor thereto. The written mutual consent of the Investor and the Company shall be required to employ any other reporting entity.

  • Sale, Purchase, Delivery and Payment for the Shares On the basis of the representations, warranties and agreements contained in, and subject to the terms and conditions of, this Agreement:

  • Purchase for Own Account for Investment Purchaser is purchasing the Shares for Purchaser’s own account for investment purposes only and not with a view to, or for sale in connection with, a distribution of the Shares within the meaning of the Securities Act. Purchaser has no present intention of selling or otherwise disposing of all or any portion of the Shares and no one other than Purchaser has any beneficial ownership of any of the Shares.

  • PAYMENT OF THE DISTRIBUTOR UNDER THE PLAN 8.1 The Fund shall pay to the Distributor as compensation for services under any Plans adopted by the Fund and this Agreement a distribution and service fee with respect to the Fund's classes and/or series of Shares as described in each of the Fund's respective Plans and this Agreement.

  • Payment for the Shares Payment for the Shares shall be made at the First Closing Date (and, if applicable, at the Second Closing Date) by wire transfer in immediately available-funds to the order of the Company. It is understood that the Representatives have been authorized, for their own account and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Firm Shares and any Option Shares the Underwriters have agreed to purchase. BancBoston Xxxxxxxxx Xxxxxxxx Inc., individually and not as a Representative of the Underwriters, may (but shall not be obligated to) make payment for any Shares to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the First Closing Date or the Second Closing Date, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

  • Compensation for the Master Servicer The Master Servicer will be entitled to all income and gain realized from any investment of funds in the Distribution Account and the Master Servicer Collection Account, pursuant to Article IV, for the performance of its activities hereunder. Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise (but not including any prepayment premium or penalty) shall be retained by the applicable Servicer and shall not be deposited in the Protected Account. The Master Servicer shall be required to pay all expenses incurred by it in connection with its activities hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

  • Sales of Shares by the Fund The Fund reserves the right to issue shares at any time directly to its shareholders as a stock dividend or stock split and to sell shares to its shareholders or to other persons approved by Xxxxxx at not less than net asset value.

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