MANAGEMENT OF FUND BUSINESS Sample Clauses

MANAGEMENT OF FUND BUSINESS. The Fund shall be managed, and the conduct of the Fund’s business shall be controlled and conducted, by the person designated as the Fund’s managing member (the “Managing Member”) in accordance with this Agreement. Kenmar Preferred Investments Corp. shall be the Managing Member. The Managing Member shall be required to devote such time and attention as it determines to be necessary to accomplish the purposes and to conduct the business of the Fund, but shall not be precluded from engaging in other activities or business ventures of any kind. In addition, the Managing Member shall oversee the safekeeping and use of all funds and assets of the Fund, whether or not in the Managing Member’s immediate possession or control, and the Managing Member shall not employ or permit another to employ such funds or assets in any manner, except for the benefit of the Fund.
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MANAGEMENT OF FUND BUSINESS. Subject to the provisions of this Agreement and the By-laws, the business of the Fund shall be managed by the Managers, and they shall have all powers necessary or convenient to carry out that responsibility. The Managers may elect and remove such officers and appoint and terminate such agents as they consider appropriate; they may employ one or more custodians of the assets of the Fund and may authorize such custodians to employ subcustodians and to deposit all or any part of such assets in a system or systems for the central handling of securities, retain a transfer agent or a shareholder servicing agent, or both, provide for the distribution of Shares by the Fund, through one or more principal underwriters or otherwise, set record dates for the determination of shareholders with respect to various matters, and in general delegate such authority as they consider desirable to any officer of the Fund, and to any agent or employee of the Fund or to any such custodian or underwriter. Without limiting the foregoing, the Managers shall have power and authority:
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Related to MANAGEMENT OF FUND BUSINESS

  • Management and Operation of Business 37 6.1 Management...................................................................................37 6.2 Certificate of Limited Partnership...........................................................38 6.3 Restrictions on General Partner's Authority..................................................38 6.4 Reimbursement of the General Partner.........................................................39 6.5

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