Managing Owner definition

Managing Owner as used only in this Section 4.7 shall include, in addition to the Managing Owner, any other Covered Person performing services on behalf of the Trust and acting within the scope of the Managing Owner’s authority as set forth in this Trust Agreement.

Managing Owner means DB Commodity Services LLC, or any substitute therefor as provided herein, or any successor thereto by merger or operation of law.

Managing Owner as used only in this Section 4.6 shall include, in addition to the Managing Owner, any other Covered Person performing services on behalf of the Trust or any Series thereof and acting within the scope of the Managing Owner’s authority as set forth in this Trust Agreement.

Examples of Managing Owner in a sentence

• Any resignation or removal of the Trustee and appointment of a successor Trustee shall not become effective until a written acceptance of appointment is delivered by the successor Trustee to the outgoing Trustee and the Managing Owner and any fees and expenses due to the outgoing Trustee are paid.

• Upon the resignation or removal of the Trustee, the Managing Owner shall appoint a successor Trustee by delivering a written instrument to the outgoing Trustee.

• The Trustee shall provide prompt notice to the Managing Owner of its performance of any of the foregoing.

• No Managing Owner or Trustee shall be liable for making or failing to make such a determination.

• Such call for a meeting shall be deemed to have been made upon the receipt by the Managing Owner of a written request from the requisite percentage of Limited Owners.

More Definitions of Managing Owner

Managing Owner means Preferred Investment Solutions Corp., (or any substitute therefor as provided herein, or any successor thereto by merger or operation of law.

Managing Owner means Preferred Investment Solutions Corp. (formerly known as Kenmar Advisory Corp.), or any substitute therefor as provided herein, or any successor thereto by merger or operation of law.

Managing Owner means Invesco PowerShares Capital Management LLC, or any substitute therefor as provided herein, or any successor thereto by merger or operation of law.

Managing Owner means a person other than the registered owner who undertakes the day to day management of the ship on behalf of the owner;

Managing Owner means the owner of any ship or vessel who, where there is more than one such owner, is responsible for the control and management of that ship or vessel;

Managing Owner means Factor Capital Management, LLC, or any substitute therefor as provided herein, or any successor thereto by merger or operation of law.

Managing Owner means (a) as of the date hereof and unless and until replaced in accordance with Section 4.12, Bxxxxxxxxx and (b) any other Person that may be appointed as managing owner pursuant to Sections 8.02(d)(iii) or 13.01(b).