Common use of Additional Compensation to General Partner Clause in Contracts

Additional Compensation to General Partner. A. Other than his share of profits and losses, the General Partner shall not be entitled to any additional compensation for services rendered as General Partner. B. shall be the project manager and shall receive a fee equal to five percent (5%) of the total "Construction Costs" of the apartments pursuant to a separate written agreement. "Construction Costs" are fully defined in the separate agreement, but by way of explanation, shall include all hard and soft costs incurred in connection with the construction of the apartments. By way of example and not by way of limitation, construction costs shall include paints, permits, fees and insurance as well as the cost of materials and labor. C. It is acknowledged by all Partners that affiliate of . is an D. From the five percent (5%) fee shall pay the costs of any supervisor and of any secretary.

Additional Compensation to General Partner. A. Other than his share of profits and losses, the General Partner shall not be entitled to any additional compensation for services rendered as General Partner. B. shall be the project manager and shall receive a fee equal to five percent (5%) of the total "Construction Costs" of the apartments pursuant to a separate written agreement. "Construction Costs" are fully defined in the separate agreement, but by way of explanation, shall include all hard and soft costs incurred in connection with the construction of the apartments. By way of example and not by way of limitation, construction costs shall include paints, permits, fees and insurance as well as the cost of materials and labor. C. It is acknowledged by all Partners that is an affiliate of . is an. D. From the five percent (5%) fee shall pay the costs of any supervisor and of any secretary.

Additional Compensation to General Partner. A. Other than his share of profits and losses, the General Partner shall not be entitled to any additional compensation for services rendered as General Partner. B. . __________________ shall be the project manager and shall receive a fee equal to five percent (5%) of the total "Construction Costs" of the apartments pursuant to a separate written agreement. "Construction Costs" are fully defined in the separate agreement, but by way of explanation, shall include all hard and soft costs incurred in connection with the construction of the apartments. By way of example and not by way of limitation, construction costs shall include paints, permits, fees and insurance as well as the cost of materials and labor. C. . It is acknowledged by all Partners that __________________ is an affiliate of __________________. is an D. From the five percent (5%) fee __________________ shall pay the costs of any supervisor and of any secretary.