Common use of Termination of the Trust or Any Series or Class Clause in Contracts

Termination of the Trust or Any Series or Class. (a) Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be dissolved and thereafter liquidated and terminated by the Trustees upon any of the following events: (1) there are no Shareholders remaining in the Trust; and (2) upon the Trust having insufficient assets to make distributions to shareholders of the Trust as set forth in the registration statement applicable to the Trust. Any Series may be dissolved and thereafter liquidated and terminated by the Trustees upon any of the following events: (I) there are no Shareholders remaining in such Series; (II) promptly following the termination date of such Series as set forth in the registration statement applicable to such Series; (III) upon liquidation of the Master Fund in which such Series invests; and (IV) upon such Series having insufficient assets to make distributions to shareholders of such Series as set forth in the registration statement applicable to such Series. Any Class may be terminated and/or liquidated by the Trustees upon any of the following events: (A) there are no Shareholders remaining in such Class; and (B) upon such Class having insufficient assets to make distributions to shareholders of such Class as set forth in the registration statement applicable to such Class.

Termination of the Trust or Any Series or Class. (a) Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be dissolved and thereafter liquidated and terminated by the Trustees upon any of the following events: (1) there are no Shareholders remaining in the Trust; and (2) upon the Trust having insufficient assets to make distributions to shareholders of the Trust as set forth in the registration statement applicable to the Trust. Any Series may be dissolved and thereafter liquidated and terminated by the Trustees upon any of the following events: (I) there are no Shareholders remaining in such Series; (II) promptly following the termination date of such Series as set forth in the registration statement applicable to such Series; and (III) upon liquidation of the Master Fund in which such Series invests; and (IV) upon such Series having insufficient assets to make distributions to shareholders of such Series as set forth in the registration statement applicable to such Series. Any Class may be terminated and/or liquidated by the Trustees upon any of the following events: (A) there are no Shareholders remaining in such Class; and (B) upon such Class having insufficient assets to make distributions to shareholders of such Class as set forth in the registration statement applicable to such Class.