Common use of Speculative Position Limits Clause in Contracts

Speculative Position Limits. If the Trading Advisor (either alone or aggregated with the positions of any other person if such aggregation shall be required by the CEA, the CFTC or any other regulatory authority having jurisdiction) shall exceed or be about to exceed applicable limits in any commodity interest traded for the Company, the Trading Advisor shall immediately take such action as the Trading Advisor may deem fair and equitable to comply with the limits, and shall immediately deliver to the Company a written explanation of the action taken to comply with such limits. If such limits are exceeded by the Company, the Manager may require the Trading Advisor to liquidate positions as required.

Speculative Position Limits. If the Trading Advisor (either alone or aggregated with the positions of any other person if such aggregation shall be required by the CEA, the CFTC or any other regulatory authority having jurisdiction) shall exceed or be about to exceed applicable limits in any commodity interest traded for the Company, the Trading Advisor shall immediately take such action as the Trading Advisor may deem fair and equitable to comply with the limits, and shall immediately deliver to the Company a written explanation of the action taken to comply with such limits. If such limits are exceeded by the Company, the Manager may require the Trading Advisor to liquidate positions as required.

Speculative Position Limits. If the Trading Advisor (either alone or aggregated with the positions of any other person if such aggregation shall be required by the CEA, the CFTC or any other regulatory authority having jurisdiction) shall exceed or be about to exceed any applicable regulatory limits or any limits imposed by law in any commodity interest traded for the Company, the Trading Advisor shall immediately promptly take such action as the Trading Advisor may deem fair and equitable to comply with the limits, and shall immediately promptly deliver to the Company a written explanation of the action taken to comply with such limits. If such limits are exceeded by the Company, the Manager may require the Trading Advisor to liquidate positions as required.

Speculative Position Limits. If the Trading Advisor (either alone or aggregated with the positions of any other person if such aggregation shall be required by the CEA, the CFTC or any other regulatory authority having jurisdiction) shall exceed or be about to exceed applicable limits (as determined by the Trading Advisor in its reasonable discretion) in any commodity interest traded for the Company, the Trading Advisor shall immediately take such action as the Trading Advisor may deem fair and equitable to comply with the limits, and shall immediately promptly deliver to the Company a written explanation of the action taken to comply with such limits. If such limits are exceeded by the Company, the Manager may require the Trading Advisor to liquidate positions as required.

Speculative Position Limits. If the Trading Advisor (either alone or aggregated with the positions of any other person if such aggregation shall be required by the CEA, the CFTC or any other regulatory authority having jurisdiction) shall exceed or be about to exceed applicable limits in any commodity interest traded for the Company, the Trading Advisor shall immediately take such action as the Trading Advisor may deem fair and equitable to comply with the limits, and shall immediately deliver to the Company a written explanation of the action taken to comply with such limits. If such limits are exceeded by the Company, the Manager may require the Trading Advisor to liquidate positions as requiredrequired with a reasonable period of time to remedy if permitted by applicable laws and regulations.

Speculative Position Limits. If the Trading Advisor (either alone or aggregated with the positions of any other person if such aggregation shall be required by the CEA, the CFTC or any other regulatory authority having jurisdiction) shall exceed or be about to exceed applicable limits in any commodity interest traded for the CompanyTrading Partnership, the Trading Advisor shall immediately take such action as the Trading Advisor may deem fair and equitable to comply with the limits, and shall immediately deliver to the Company Trading Partnership a written explanation of the action taken to comply with such limits. If such limits are exceeded by the CompanyTrading Partnership, the Manager General Partner may require the Trading Advisor to liquidate positions as required.

Speculative Position Limits. If the Trading Advisor (either alone or aggregated with the positions of any other person if such aggregation shall be required by the CEA, the CFTC or any other regulatory authority having jurisdiction) shall exceed or be about to exceed applicable limits in any commodity interest traded for the Company, the Trading Advisor shall promptly notify the Company and immediately take such action as the Trading Advisor may deem fair and equitable to comply with the limits, and shall immediately promptly deliver to the Company a written explanation of the action taken to comply with such limits. If such limits are exceeded by the Company, the Manager may require the Trading Advisor to liquidate positions as required.