Trading Level Sample Clauses

Trading Level. 4.1 The Trading Level as at the Start Date shall be the US Dollar amount notified by the Manager via email to ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ to be received no later than midday on the second Business Day prior to the Start Date. In setting the Trading Level, the Manager intends to utilise a leverage factor not in excess of 150 per cent of the net asset value of the Account (the “Leverage Factor”), and it agrees not to increase the Leverage Factor without the express written consent of the Trading Advisor, which consent may be withheld in the Trading Advisor’s sole discretion. 4.2 Unless otherwise instructed by the Manager, as of the last Business Day of each month (the “PnL Adjustment Date”) the Trading Advisor will estimate the realised and unrealised profit and loss on the Account since the previous PnL Adjustment Date and will adjust the Trading Level accordingly. 4.3 The Manager may amend the Trading Level as of any Business Day (an “Adjustment Date”) by sending an email to ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ to be received no later than midday London time on the second Business Day prior to the Adjustment Date. Notwithstanding anything to the contrary in the immediate preceding sentence, the Trading Level will be confirmed by the Manager as of the first day of each month (the “Confirmation Date”), by the Manager sending an email to ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ to be received no later than midday London time on the second Business Day prior to the Confirmation Date. 4.4 If the Trading Advisor does not receive any email in accordance with Clause 4.3, the Trading Level will remain unchanged regardless of any change in the level of actual funds deposited with the Clearing Broker or committed funds that are deposited with any other Master Fund counterparty. 4.5 The Master Fund and the Manager acknowledge that any change in the Trading Level may result in margin calls by the Clearing Broker and agree that the Master Fund shall be solely responsible for meeting any such margin calls. 4.6 The Master Fund and the Manager acknowledge that, subject to the Trading Advisor’s duty of best execution and fiduciary obligations to the Master Fund as a commodity trading advisor: (A) the Account may not gain full exposure to the Trading Level on the Start Date; (B) an amendment in the Trading Level may not be effected by the Trading Advisor on the Adjustment Date; (C) the Trading Advisor acting in good faith and in a commercially reasonable manner may reject an increase in the Tradi...
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Trading Level. The “Trading Level” of each Member’s investment in a particular Series equals (A) the balance of the Member’s Capital Account with respect to such Series prior to deduction for any accrued fees and expenses of such Series, including any management fees and incentive allocations payable to the corresponding Trading Advisor which are not yet due (B) multiplied by the Member’s selected leverage for such Series, where applicable.
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Trading Level. The Company or the Manager shall select a trading level for the Company (the “Trading Level”) provided that it shall not fall below the $15 million USD minimum, unless otherwise agreed by the parties. The Trading Advisor will use its best efforts to cause the portfolio of the Company to statistically replicate the full portfolio. Nevertheless, the Manager acknowledges that, although correlated, the results of the reduced portfolio may differ, perhaps significantly, from the full portfolio as a result of the Company’s lower Trading Level. Such Trading Level can be the initial actual cash and cash equivalents contributed to the Company or it can include a “notional” amount in excess of the actual assets. The Company or the Manager agrees to notify the Trading Advisor of any intent to increase or decrease the Trading Level of the Company and the Manager agrees that it will obtain prior approval from the Trading Advisor to increase the Trading Level of the Company. The Trading Advisor may withhold such approval in its sole discretion. Any profit or loss in the Company shall be reinvested in the Company for Trading Level purposes.
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Trading Level. The Company or the Manager shall select a trading level for the Company (the “Trading Level”). Such Trading Level can be the initial actual cash and cash equivalents contributed to the Company or it can include a “notional” amount in excess of the actual assets. The Company or the Manager agrees to notify the Trading Advisor of any intent to increase or decrease the Trading Level of the Company and the Manager agrees that it will obtain prior approval from the Trading Advisor to increase the Trading Level of the Company. The Trading Advisor may withhold such approval in its sole discretion. Any profit or loss in the Company shall be reinvested in the Company for Trading Level purposes. The Company or the Manager agrees that the Trading Level of the Company shall be maintained in even million dollar increments.
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Related to Trading Level

  • Staffing Levels To the extent legislative appropriations and PIN authorizations allow, safe staffing levels will be maintained in all institutions where employees have patient, client, inmate or student care responsibilities. In July of each year, the Secretary or Deputy Secretary of each agency will, upon request, meet with the Union, to hear the employees’ views regarding staffing levels. In August of each year, the Secretary or Deputy Secretary of Budget and Management will, upon request, meet with the Union to hear the employees’ views regarding the Governor’s budget request.

  • Trading Cushion The Selling Period for any previous Issuance Notice shall have expired.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Market Capitalization At the time the Registration Statement was or will be originally declared effective, and at the time the Company’s most recent Annual Report on Form 10-K was filed with the Commission, the Company met or will meet the then applicable requirements for the use of Form S-3 under the Securities Act, including, but not limited to, General Instruction I.B.1

  • Formal Level (1) Level I - within fifteen (15) days after the occurrence of the alleged violation, misinterpretation, or misapplication of a provision of this Agreement, the grievant must present the grievance in writing on the approved form or lose the right to grieve. The form shall contain a clear, concise statement of the grievance, including the provision or provisions of this Agreement alleged to have been violated, misinterpreted, or misapplied; the circumstances involved, the decision rendered at the informal level, and the specific remedy sought. The immediate supervisor shall hold a hearing with the grievant, and shall communicate the decision in writing to the grievant within seven (7) days after receiving the grievance. In the event the immediate supervisor fails to conduct a hearing and render a decision in writing within seven days, the grievant shall notify the Superintendent, who shall convene a hearing with the immediate supervisor and the grievant within seven (7) days after notification, and direct the immediate supervisor to render a decision in writing. Such a directed decision shall be made within three (3) days. (2) Level II - In the event the grievant is not satisfied with the decision at Level I, the grievant may appeal the decision on the approved form to the Superintendent or his/her designee within seven (7) days of the receipt of the Level I decision. The form shall include a copy of the original grievance, the decision at Level I, and a clear and concise statement of the reason for the appeal. The Superintendent or his designee shall hold a hearing with the parties and render a written decision within ten (10) days of the receipt of the appeal. (3) Level III - In the event the grievant is not satisfied with the decision at Level II, the Association may advise the District within seven (7) days of receipt of the Level II decision of its intent to request a mediator from the California State Conciliation Mediation Service.