Common use of Operational Risk Clause in Contracts

Operational Risk. The fund is exposed to operational risks arising from a number of factors, including, but not limited to, human error, processing and communication errors, errors of the fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The fund and BFA seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address significant operational risks.

Operational Risk. The fund Fund is exposed to operational risks arising from a number of factors, including, but not limited to, human error, processing and communication errors, errors of the fundFund’s service providers, counterparties or other third-third parties, failed or inadequate processes and technology or systems failures. The fund Fund and BFA seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address significant operational risks.

Operational Risk. The fund Fund is exposed to operational risks arising from a number of factors, including, but not limited to, human error, processing and communication errors, errors of the fundFund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The fund Fund and BFA seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address significant operational risks.