Common use of OBLIGATIONS AND COMPENSATION OF DEALER-MANAGERS Clause in Contracts

OBLIGATIONS AND COMPENSATION OF DEALER-MANAGERS. 3.1 The Fund hereby appoints the Dealer-Manager as its agent and principal distributor for the purposes of selling for cash up to 50,000 Units through the Dealers, all of whom shall be members of the National Association of Securities Dealers, Inc. ("NASD"). The Dealer-Manager may also sell Units for cash directly to its own clients and customers at the public offering price and subject to the terms and conditions stated in the Prospectus. The Dealer-Manager hereby accepts such agency and distributorship and agrees to use its best efforts to sell the Units on said terms and conditions. The Dealer-Manager represents to the Fund and the Managers that it is a member of the NASD and that it and its employees and representatives have all the required licenses, registrations and approvals necessary to act under this Agreement.

OBLIGATIONS AND COMPENSATION OF DEALER-MANAGERS. 3.1 The Fund Company hereby appoints the Dealer-Manager as its agent and principal distributor for the purposes of selling for cash up to 50,000 10,000,000 Units through the Dealers, all of whom shall be members of the National Association of Securities Dealers, Inc. ("NASD"). The Dealer-Manager may also sell Units for cash directly to its own clients and customers at the public offering price and subject to the terms and conditions stated in the Prospectus. The Dealer-Manager hereby accepts such agency and distributorship and agrees to use its best efforts to sell the Units on said terms and conditions. The Dealer-Manager represents to the Fund Company and the Managers that it is a member of the NASD and that it and its employees and representatives have all the required licenses, registrations and approvals necessary to act under this Agreement.

OBLIGATIONS AND COMPENSATION OF DEALER-MANAGERS. 3.1 The Fund hereby appoints the Dealer-Manager as its agent and principal distributor for the purposes of selling for cash up to 50,000 24,000 Units through the Dealers, all of whom shall be members of the National Association of Securities Dealers, Inc. ("NASD"). The Dealer-Manager may also sell Units for cash directly to its own clients and customers at the public offering price and subject to the terms and conditions stated in the Prospectus. The Dealer-Dealer- Manager hereby accepts such agency and distributorship and agrees to use its best efforts to sell the Units on said terms and conditions. The Dealer-Manager represents to the Fund and the Managers that it is a member of the NASD and that it and its employees and representatives have all the required licenses, registrations and approvals necessary to act under this Agreement.

OBLIGATIONS AND COMPENSATION OF DEALER-MANAGERS. 3.1 The Fund hereby appoints the Dealer-Manager as its agent and principal distributor for the purposes of selling for cash up to 50,000 24,000 Units through the Dealers, all of whom shall be members of the National Association of Securities Dealers, Inc. ("NASD"). The Dealer-Manager may also sell Units for cash directly to its own clients and customers at the public offering price and subject to the terms and conditions stated in the Prospectus. The Dealer-Manager hereby accepts such agency and distributorship and agrees to use its best efforts to sell the Units on said terms and conditions. The Dealer-Manager represents to the Fund and the Managers that it is a member of the NASD and that it and its employees and representatives have all the required licenses, registrations and approvals necessary to act under this Agreement.