Liquidation of Positions to Comply with Limits. If applicable Limits shall be exceeded or are about to be exceeded in any Financial Instrument by the Trading Advisor (either alone or aggregated with the positions of any other person if such aggregation shall be required by any law, rule, regulation or any regulatory or self-regulatory authority having jurisdiction), the Trading Advisor shall promptly take such action as may be necessary to comply with the Limits with respect to the Account or any other accounts under its or their management, to the extent practicable, on a fair and equitable basis.
Appears in 2 contracts
Sources: Trading Advisory Agreement (World Monitor Trust III - Series J), Trading Advisory Agreement (World Monitor Trust III - Series J)