Common use of Termination of Trust or Portfolio Clause in Contracts

Termination of Trust or Portfolio. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by the Trustees upon prior written notice to the Shareholders. Any Portfolio may be terminated at any time by the Trustees upon prior written notice to the Shareholders of that Portfolio. Upon termination of the Trust (or any Portfolio, as the case may be), after paying or otherwise providing for all charges, taxes, expenses and liabilities held, severally, with respect to each Portfolio (or the applicable Portfolio, as the case may be), whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall, in accordance with such procedures as the Trustees consider appropriate, reduce the remaining assets held, severally, with respect to each Portfolio (or the applicable Portfolio, as the case may be), to distributable form in cash or shares or other securities, and any combination thereof, and distribute the proceeds held with respect to each Portfolio (or the applicable Portfolio, as the case may be), (i) to the Shareholders of a Portfolio not taxable as partnerships for federal income tax purposes, as a Portfolio, pro rata according to the number of Shares of that Portfolio held by the several Shareholders on the date of termination and, (ii) to the Shareholders of a Portfolio, as a Portfolio, in accordance with the positive Book Capital Account balances of the Shareholders.

Termination of Trust or Portfolio. 10.1.1 Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by the Trustees upon prior written notice to the Shareholders. Any Portfolio may be terminated at any time by the Trustees upon prior written notice to the Shareholders of that Portfolio. . 10.1.2 Upon termination of the Trust (or any Portfolio, as the case may be), after paying or otherwise providing for all charges, taxes, expenses and liabilities held, severally, with respect to each Portfolio (or the applicable Portfolio, as the case may be), whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall, in accordance with such procedures as the Trustees consider appropriate, reduce the remaining assets held, severally, with respect to each Portfolio (or the applicable Portfolio, as the case may be), to distributable form in cash or shares or other securities, and any combination thereof, and distribute the proceeds held with respect to each Portfolio (or the applicable Portfolio, as the case may be), (ia) to the Shareholders of a Portfolio not taxable as partnerships a partnership for federal income tax purposes, as a Portfolio, purposes pro rata according to the number of Shares of that Portfolio held by the several Shareholders on the date of termination and, (iib) to the Shareholders of a Portfolio, Portfolio taxable as a Portfoliopartnership for federal income tax purposes, in accordance with the positive Book Capital Account balances of the Shareholders.

Termination of Trust or Portfolio. Unless terminated as provided herein, the Trust shall continue without limitation of time. The Trust may be terminated at any time by the Trustees upon sixty (60) days prior written notice to the Shareholders. Any Portfolio may be terminated at any time by the Trustees upon sixty (60) days prior written notice to the Shareholders of that Portfolio. Upon termination of the Trust (or any Portfolio, as the case may be), after paying or otherwise providing for all charges, taxes, expenses and liabilities held, severally, with respect to each Portfolio (or the applicable Portfolio, as the case may be), whether due or accrued or anticipated as may be determined by the Trustees, the Trust shall, in accordance with such procedures as the Trustees consider appropriate, reduce the remaining assets held, severally, with respect to each Portfolio (or the applicable Portfolio, as the case may be), to distributable form in cash or shares or other securities, and any combination thereof, and distribute the proceeds held with respect to each Portfolio (or the applicable Portfolio, as the case may be), (i) to the Shareholders of a Portfolio not taxable as partnerships for federal income tax purposes, as a Portfolio], pro rata according to the number of Shares of that Portfolio held by the several Shareholders on the date of termination and, (ii) to the Shareholders of a Portfolio, as a Portfolio, in accordance with the positive Book Capital Account balances of the Shareholders.