Common use of Compensation and Reimbursement of General Partner Clause in Contracts

Compensation and Reimbursement of General Partner. (a) Except as provided in this Section 5.5 or elsewhere in this Agreement, the General Partner shall not be compensated for its services as General Partner to the Partnership. (b) The General Partner shall be reimbursed on a monthly basis for (i) all actual out-of-pocket expenses, disbursements and advances it pays or incurs in connection with the formation and business of the Partnership, including all expenses, disbursements and advances for legal, accounting, printing and banking matters, consultants and other third parties, reasonable travel expenses, and filing fees, and (ii) that portion of the General Partner's legal and accounting expenses, telephone, secretarial, travel and entertainment expenses, office rent and other office expenses, salaries and other compensation expenses of employees, and other expenses necessary or appropriate to the conduct of the Partnership's business which is properly allocable to the Partnership. The General Partner shall determine the expenses which are allocable to the Partnership in a reasonable manner.

Compensation and Reimbursement of General Partner. (a) Except as provided in this Section 5.5 or elsewhere in this Agreement, the The General Partner shall not be compensated for its services as General Partner to the Partnership. (b) The After the Closing, if any, the General Partner shall be reimbursed on a monthly basis for (i) all actual out-of-pocket expenses, disbursements and advances it pays or incurs in connection with the formation and business of the Partnership, including all expenses, disbursements and advances for legal, accounting, printing and banking matters, consultants and other third parties, reasonable travel expenses, and filing fees, and (ii) that portion of the General Partner's ’s legal and accounting expenses, telephone, secretarial, travel and entertainment expenses, office rent and other office expenses, salaries and other compensation expenses of employees, and other expenses necessary or appropriate to the conduct of the Partnership's ’s business which is properly allocable to the Partnership. The General Partner shall determine the expenses which are allocable to the Partnership in a reasonable manner. The rights under this Section 9.11(b) shall apply to costs and expenses incurred on or after the Closing.

Compensation and Reimbursement of General Partner. (a) Except as provided in this Section 5.5 or elsewhere in this Agreement, the General Partner shall not be compensated for its services as General Partner to the Partnership. (b) The General Partner shall be reimbursed on a monthly basis for (i) all actual out-of-pocket expenses, disbursements and advances it pays or incurs in connection with the formation and business of the Partnership, including all expenses, disbursements and advances for legal, accounting, printing and banking matters, consultants and other third parties, reasonable travel expenses, and filing fees, and (ii) that portion of the General Partner's legal and accounting expenses, telephone, secretarial, travel and entertainment expenses, office rent and other office expenses, salaries and other compensation expenses of employees, and other expenses necessary or appropriate to the conduct of the Partnership's business which is properly allocable to the Partnership. The General Partner shall determine the expenses which are allocable to the Partnership in a any reasonable manner.