Common use of Ongoing Information Clause in Contracts

Ongoing Information. If, at any time during the term of the Advisory Agreement, the Advisor discovers any fact or omission, or any event or change of circumstances has occurred which would make the Advisor's representations and warranties herein inaccurate or incomplete in any material respect, or which might render the then-effective Registration Statement or Prospectus, with respect to (i) the Advisor or its principals, (ii) the Advisor's Trading Approach, or (iii) the Advisor's past performance history, untrue or misleading in any material respect, the Advisor will provide prompt written notification to the Managing Owner of any such fact, omission, event or change of circumstance, and the facts related thereto, and it is agreed that the failure to provide such notification or the failure to continue to be in compliance with the foregoing representations and warranties during the term of the Advisory Agreement within a reasonable time following such notification shall be cause for the Managing Owner to terminate the Advisory Agreement with the Advisor on prior written notice to the Advisor for so long as Series C Interests in the Trust are being offered. If, at any time during the term of the Advisory Agreement, the Managing Owner discovers any fact or omission, or any event or change of circumstance has occurred which would make the Managing Owner's or the Trust's representations and warranties herein inaccurate or incomplete in any material respect, the Managing Owner promptly will provide written notification to the Advisor of such event or change of circumstance and the facts related thereto.