Common use of Exchange Privilege Clause in Contracts

Exchange Privilege. A Limited Partner (or any assignee thereof) may redeem his Units effective as of a Redemption Date (subject to the terms and restrictions described herein and in the Memorandum) and authorize the General Partner to use some or all the net proceeds of such Redemption to purchase the interests of one or more of certain other related managed futures funds managed by the General Partner, as described in the Memorandum. The General Partner, on behalf of the Partnership and each Partner, is authorized to execute, file, record, and publish any amendments to this Agreement and such other documents of the Partnership as shall be necessary to reflect any exchange pursuant to this Section 9(c) (an “Exchange”).

Exchange Privilege. A Limited Partner (or any assignee thereof) may redeem his Units effective as of a Redemption Date (subject to the terms and restrictions described herein and in the Memorandum) and authorize the General Partner to use some or all the net proceeds of such Redemption to purchase the interests of one or more of certain other related managed futures funds managed by the General Partner, as described in the Memorandum. The General Partner, on behalf of the Partnership and each Partner, is authorized to execute, file, record, and publish any amendments to this Agreement and such other documents of the Partnership as shall be necessary to reflect any exchange pursuant to this Section 9(c10(c) (an “Exchange”).

Exchange Privilege. A Limited Partner (or any assignee thereof) may redeem his Units effective as of a Redemption Date (subject to the terms and restrictions described herein and in the Memorandum) and authorize the General Partner to use some or all the net proceeds of such Redemption to purchase the interests Units of one or more limited partnership interest of certain other related managed futures funds managed by the General Partner, another Managed Futures Series Partnership (as described defined in the Memorandum). The General Partner, on behalf of the Partnership and each Partner, is authorized to execute, file, record, and publish any such amendments to this Agreement and such other documents of the Partnership as shall be necessary to reflect any exchange Partnership Exchange pursuant to this Section 9(c) (an “Exchange”). 10.

Exchange Privilege. A Limited Partner (or any assignee thereof) may redeem his Units effective as of a Redemption Date (subject to the terms and restrictions described herein and in the Memorandum) and authorize the General Partner to use some or all the net proceeds of such Redemption to purchase the interests Units of one or more limited partnership interest of certain other related managed futures funds managed by the General Partner, another Managed Futures Series Partnership (as described defined in the Memorandum). The General Partner, on behalf of the Partnership and each Partner, is authorized to execute, file, record, and publish any such amendments to this Agreement and such other documents of the Partnership as shall be necessary to reflect any exchange Partnership Exchange pursuant to this Section 9(c) (an “Exchange”).

Exchange Privilege. A Limited Partner (or any assignee thereof) may redeem his Units effective as of a Redemption Date (subject to the terms and restrictions described herein and in the Memorandum) and authorize the General Partner to use some or all of the net proceeds of such Redemption to purchase the interests of one or more of certain other related managed futures funds managed by the General Partner, as described in the Memorandum. The General Partner, on behalf of the Partnership and each Partner, is authorized to execute, file, record, and publish any such amendments to this Agreement and such other documents of the Partnership as shall be necessary to reflect any exchange pursuant to this Section 9(c10(c) (an “Exchange”).