Commissions on Reinvestment or Distribution. The Partnership shall not pay, directly or indirectly, a commission or fee (except as permitted under Article XII hereof) to a General Partner in connection with the reinvestment or distribution of the proceeds of the sale, exchange or financing of Partnership Properties.
Appears in 3 contracts
Samples: Rent and Lease Term (Behringer Harvard Short Term Opportunity Fund I Lp), Behringer Harvard Mid Term Value Enhancement Fund I Lp, Behringer Harvard Short Term Opportunity Fund I Lp
Commissions on Reinvestment or Distribution. The Partnership shall not pay, directly or indirectly, a commission or fee (except as permitted under Article XII hereof) to a General Partner in connection with the reinvestment or distribution of the proceeds of the sale, exchange or financing of Partnership Properties, provided, however, that any Units purchased pursuant to the Distribution Reinvestment Plan will be subject to a maximum 1% sales commission, which may be reduced or eliminated in the sole discretion of the General Partner.β
Appears in 1 contract
Samples: United Development Funding III, LP
