Common use of OBJECTIVES AND PURPOSES Clause in Contracts

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to access, by investing all or substantially all of its assets in the Master Fund, a professional trading advisor (the “Trading Advisor”) which will manage the Master Fund’s speculative trading in the futures, forward, options and other markets as described in the disclosure document for this FuturesAccess Fund, including any and all parts or sections thereof and exhibits or supplements thereto (the “Disclosure Document”); provided that the Sponsor may in its discretion retain the Trading Advisor directly at this FuturesAccess Fund level, rather than at the Master Fund level;

OBJECTIVES AND PURPOSES. (a) This FuturesAccess Fund shall have the following objectives and purposes: (i) to access, by investing all or substantially all of its assets in the Master Fund, a professional trading advisor (the “"Trading Advisor”") which will manage the Master Fund’s 's speculative trading in the futures, forward, options and other markets as described in the disclosure document for this FuturesAccess Fund, including any and all parts or sections thereof and exhibits or supplements thereto (the “"Disclosure Document”"); provided that the Sponsor may in its discretion retain the Trading Advisor directly at this FuturesAccess Fund level, rather than at the Master Fund level;