ERROR POLICY. The provisions of Section 2(d) of this Agreement shall be interpreted to mean that the benefit of profitable trading errors made by the CTA when trading on behalf of the Funds shall be awarded to the Funds, whereas the detriment of unprofitable trading errors made by the CTA when trading on behalf of the Funds must be borne by the CTA.
Appears in 15 contracts
Sources: Advisory Agreement (Polaris Futures Fund L.P.), Advisory Agreement (Managed Futures Premier BHM L.P.), Advisory Agreement (Morgan Stanley Smith Barney Spectrum Strategic Lp)
ERROR POLICY. The Subject to Section 7(a) of this Agreement, the provisions of Section 2(d) of this Agreement shall be interpreted to mean that the benefit of profitable trading errors made by the CTA when trading on behalf of the Funds shall be awarded to the Funds, whereas the detriment of unprofitable trading errors made by the CTA when trading on behalf of the Funds must be borne by the CTA.
Appears in 4 contracts
Sources: Advisory Agreement (LV Futures Fund L.P.), Advisory Agreement (Orion Futures Fund Lp), Advisory Agreement (Meritage Futures Fund L.P.)
ERROR POLICY. The provisions of Section 2(d) of this Agreement shall be interpreted to mean that the benefit of profitable trading errors made by the CTA when trading on behalf of the Funds shall be awarded to the Funds, whereas the detriment of unprofitable trading errors made by the CTA when trading on behalf of the Funds must be borne by the CTA. · The CTA shall not use borrowed money to leverage any trades, unless otherwise approved by the General Partner and/or Trading Manager.
Appears in 2 contracts
Sources: Advisory Agreement (Managed Futures Profile LV, L.P.), Advisory Agreement (Managed Futures Profile MV, L.P.)