Common use of Independent Contractor Clause in Contracts

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fund.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Trust from time to time, have no authority to act for or represent a Fund in any way or otherwise be deemed an agent of a Fund.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of the Trust from time to time, have no authority to act for or represent a Fund in any way or otherwise be deemed an agent of a Fund.

Independent Contractor. The Adviser shall shall, for all purposes herein be deemed to herein, be an independent contractor and shall, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in its investment commitments unless otherwise provided. No agreement, bid, offer, commitment, contract or other engagement entered into by Adviser whether on behalf of Adviser or whether purported to have been entered into on behalf of the Fund shall be deemed binding upon the Fund, and all acts authorized to be done by Adviser under this Agreement shall be done by it as an agent of a Fundindependent contractor and not as agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Manager from time to time, have no authority to act for or represent the Manager in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Trust from time to time, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Company from time to time, have no authority to act for or represent a Fund in any way or otherwise be deemed an agent of a Fund.

Independent Contractor. The Adviser Advisers shall for all purposes herein be ---------------------- deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fundthe Series.

Independent Contractor. The Adviser Advisers shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fundthe Trust.

Independent Contractor. The Except as otherwise provided herein or authorized by the Board of Directors from time to time, the Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Company in any way or otherwise be deemed an agent of a Fundthe Company.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Fund’s Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser Advisor shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser Advisor shall for all purposes herein be deemed to be an independent contractor and shallunder this Agreement and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in any way or otherwise be deemed an as agent of a the Fund.

Independent Contractor. The Adviser shall shall, for all purposes herein herein, be deemed to be an independent contractor contractor, and shall, unless otherwise expressly provided or authorizedand authorized to do so, have no authority to act for or represent the Company or the Fund in any way, or in any way be deemed an agent for the Company or for the Fund. However, one or more shareholders, officers, directors or employees of a Fundthe Adviser may serve as directors and/or officers of the Company, but without compensation or reimbursement of expenses for such services from the Company.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Directors of the Fund from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a the Fund.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein, in the LLC Agreement or authorizedauthorized by the Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Except as otherwise provided herein or authorized by the Board from time to time, the Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a the Fund.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Fund's Board of Directors from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent each Fund or the Trust in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be is deemed to be an independent contractor and shallwill, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a the Fund.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Trust from time to time, have no authority to act for or represent the Trust or any Fund in any way or otherwise be deemed an agent of a Fundthe Trust.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless except as otherwise expressly provided or authorizedauthorized by or under this Agreement, have no authority to act for or represent the Client in any way or otherwise be deemed an agent of a Fundthe Client.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Fund's Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser Trading Advisor shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a the Fund.

Independent Contractor. The Adviser Advisor shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by a Fund’s Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Trust from time to time, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of a Fundits agent. The Adviser understands that unless expressly provided herein or authorized from time to time by the Trust, the Adviser shall have no authority to act for or represent the Trust in any way or otherwise be deemed the Trust's agent.

Independent Contractor. The Except as otherwise provided herein or authorized by the Board of Trustees from time to time, the Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a the Fund.

Independent Contractor. The Adviser shall for all purposes herein provided be deemed to be an independent contractor and shalland, unless otherwise except as expressly provided or authorizedauthorized herein, shall have no authority to act for or represent the Company in any way or otherwise be deemed an agent of a Fundthe Company.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shalland, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Manager in any way or otherwise be deemed as an agent of a Fund.the Manager

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and not an agent of the Trust and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fundrepresent the Trust in any way.

Independent Contractor. The Adviser shall Advisor will for all purposes herein of this Agreement be deemed to be an independent contractor and shalland, unless except as otherwise expressly provided or authorizedin this Agreement, will have no authority to act for or to represent the Client or otherwise be deemed an agent of a Fundthe Client.

Independent Contractor. The Adviser Advisor shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent the Funds in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser Advisor shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Fund's Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shallunder this Agreement and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Company in any way or otherwise be deemed an as agent of a Fundthe Company.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shallunder this Agreement and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in any way or otherwise be deemed an as agent of a to the Fund.

Independent Contractor. The Adviser Advisers shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fundthe Series.

Independent Contractor. The Adviser Advisor shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Trust from time to time, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of a Fundits agent. The Advisor understands that unless expressly provided herein or authorized from time to time by the Trust, the Advisor shall have no authority to act for or represent the Trust in any way or otherwise be deemed the Trust’s agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent a Fund in any way or otherwise be deemed an agent of a Fund.

Independent Contractor. The Adviser Advisor shall for all purposes herein be deemed to be an independent contractor and shallunder this Agreement and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in any way or otherwise be deemed an as agent of a the Fund.. (D)

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Trust from time to time, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of a Fundits agent. The Adviser understands that unless expressly provided herein or authorized from time to time by the Trust, the Adviser shall have no authority to act for or represent the Trust in any way or otherwise be deemed the Trust’s agent.

Independent Contractor. The Adviser shall shall, for all purposes herein provided, be deemed to be an independent contractor and shalland, unless otherwise except as expressly provided or authorizedauthorized herein, shall have no authority to act for or represent a Fund or the Trust in any way or otherwise be deemed an agent of a FundFund or the Trust unless the Trust so agrees.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by a Fund's Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed ---------------------- to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Trust from time to time, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent the Funds in any way or otherwise be deemed an agent of a Fundthe Funds.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Directors of the Company from time to time, have no authority to act for or represent a Fund in any way or otherwise be deemed an agent of a Fund.

Independent Contractor. The Adviser Advisor shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent a Fund in any way or otherwise be deemed an agent of a Fund.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Trust's Board of Trustees from time to time, have no authority to act for or represent a Fund in any way or otherwise be deemed an agent of a Fund.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Fund from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a the Fund.

Independent Contractor. The Adviser shall for all purposes herein be is deemed to be an independent contractor and shallwill, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fund.

Independent Contractor. The Adviser Advisers shall for all purposes herein be ---------------------- deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fundthe Trust.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an its agent of a Fundexcept as provided for herein or in another agreement between the Fund and the Adviser.

Independent Contractor. The Adviser Advisor shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Fund’s Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Directors of the Company from time to time, have no authority to act for or represent the Company in any way or otherwise be deemed an agent of a Fundthe Company.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Managers from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by a Fund’s Board from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Fund from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fundthe Trust.

Independent Contractor. The Adviser shall for all purposes herein provided be deemed to be an independent contractor and shalland, unless otherwise expect as expressly provided or authorizedauthorized herein, shall have no authority to act for or represent the Corporation in any way or otherwise be deemed an agent of a Fundthe Corporation.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and not an agent of the Company and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fundrepresent the Company in any way.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or represent the Trust in any way or be deemed an agent employee of a Fundthe Trust.

Independent Contractor. The Adviser Advisers shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a the Series Fund.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Company, from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a the Fund.

Independent Contractor. The It is understood and agreed that Adviser shall for all purposes herein be deemed to be an independent contractor of You and shall, unless otherwise expressly provided or authorized, that Adviser shall not have no authority to act for or represent You in any way and shall not otherwise be deemed an to be agent of a FundYou. Nothing contained herein shall create or constitute Adviser and You as members of any partnership, joint venture, association, syndicate, unincorporated business, or other separate entity, nor shall be deemed to confer on Adviser or You any express, implied, or apparent authority to incur any obligation or liability on behalf of any other such entity.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board from time to time, have no authority to act for or represent the Trust or the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Trust from time to time, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of a Fundthe Trust.

Independent Contractor. The Futures Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a the Fund.

Independent Contractor. The In the performance of its duties hereunder, the Adviser is and shall for all purposes herein be deemed to be an independent contractor and shalland, unless otherwise expressly provided herein or authorizedotherwise authorized in writing, shall have no authority to act for or represent the Company in any way or otherwise be deemed to be an agent of a Fundthe Company.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Fund's Board of Managers from time to time, have no authority to act for or represent the Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall be deemed for all purposes herein be deemed to be an independent contractor and shallnot an agent of the Trust or a Fund, and unless otherwise expressly provided or authorized, shall have no authority to act for or be deemed an agent of represent the Trust or a FundFund in any way.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shalland, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Manager in any way or otherwise be deemed as an agent of a Fundthe Manager.

Independent Contractor. The Adviser shall for all purposes herein be deemed ---------------------- to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Trust from time to time, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser Advisor shall for all purposes herein provided be deemed to be an independent contractor and shalland, unless otherwise except as expressly provided or authorizedauthorized herein, shall have no authority to act for or represent the Company in any way or otherwise be deemed an agent of a Fundthe Company.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shallunder this Agreement and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Portfolio in any way or otherwise be deemed an as agent of a Fundthe Portfolio.

Independent Contractor. The Adviser Advisers shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fund.the Trust. (c)

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Master Fund's Board of Directors from time to time, have no authority to act for or represent the Master Fund in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall for all purposes herein be deemed to be an independent contractor and shallunder this Agreement and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Fund in any way or otherwise be deemed an as agent of a the Fund. SECTION 5.

Independent Contractor. The Adviser shall for all purposes ---------------------- herein be deemed to be an independent contractor and shall, unless otherwise expressly provided herein or authorizedauthorized by the Board of Trustees of the Trust from time to time, have no authority to act for or represent the Trust in any way or otherwise be deemed an agent of a Fundits agent.

Independent Contractor. The Adviser shall Advisers shall, for all purposes herein herein, be ---------------------- deemed to be an independent contractor and shall, unless otherwise expressly provided or authorized, have no authority to act for or be deemed an agent of a Fundthe Series.