Use of Estimates and Trading Advisor Estimates. The Sponsor, or any party duly selected by the Sponsor as appropriate, is expressly authorized to make all financial (and the related tax) allocations provided for hereunder, as well as to determine all Net Asset Values and Capital Accounts, based on estimates, both as made or compiled by the Sponsor and as received from the Trading Advisors. Furthermore, the Sponsor shall not be obligated to restate allocations, Sponsor's Fees, Administrative Fees, Redemption proceeds, Net Asset Values or any other determinations previously made in order to reflect the difference between estimated and final Net Asset Values, but rather may, but shall have no obligation to, reflect such difference entirely in the Accounting Period in which such difference is determined.
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Samples: Limited Liability Company Agreement (UBS Managed Futures LLC (Aspect Series))
Use of Estimates and Trading Advisor Estimates. The Sponsor, or any party duly selected by the Sponsor as appropriate, is expressly authorized to make all financial (and the related tax) allocations provided for hereunder, as well as to determine all Net Asset Values and Capital AccountsAccount balances, based on estimates, both as made or compiled by the Sponsor and as received from the Trading Advisors. Furthermore, the Sponsor shall not be obligated to restate allocations, Sponsor's Fees’s Fees (if any), Administrative FeesService Provider Fees (if any), Redemption proceeds, Net Asset Values or any other determinations previously made in order to reflect the difference between estimated and final Net Asset Values, but rather may, but shall have no obligation to, reflect such difference entirely in the Accounting Period in which such difference is determined.
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Use of Estimates and Trading Advisor Estimates. The Sponsor, or any party duly selected by the Sponsor as appropriate, is expressly authorized to make all financial (and the related tax) allocations provided for hereunder, as well as to determine all Net Asset Values and Capital AccountsAccount balances, based on estimates, both as made or compiled by the Sponsor and as received from the Trading Advisors. Furthermore, the Sponsor shall not be obligated to restate allocations, Sponsor's Fees, Administrative Fees, Redemption proceeds, Net Asset Values or any other determinations previously made in order to reflect the difference between estimated and final Net Asset Values, but rather may, but shall have no obligation to, reflect such difference entirely in the Accounting Period in which such difference is determined.
Appears in 1 contract
Samples: Limited Liability Company Agreement (UBS Managed Futures LLC (Aspect Series))
Use of Estimates and Trading Advisor Estimates. The Sponsor, or any party duly selected by the Sponsor as appropriate, is expressly authorized to make all financial (and the related tax) allocations provided for hereunder, as well as to determine all Net Asset Values and Capital AccountsAccount balances, based on estimates, both as made or compiled by the Sponsor and as received from the Trading Advisors. Furthermore, the Sponsor shall not be obligated to restate allocations, Sponsor's ’s Fees, Administrative Fees, Redemption proceeds, Net Asset Values or any other determinations previously made in order to reflect the difference between estimated and final Net Asset Values, but rather may, but shall have no obligation to, reflect such difference entirely in the Accounting Period in which such difference is determined.
Appears in 1 contract
Samples: Limited Liability Company Agreement (UBS Managed Futures LLC (Aspect Series))