Compensation and Reimbursement of the General Partner. (a) Except as provided in this Section 7.4 or elsewhere in this Agreement, the Incentive Compensation Agreement or any other agreement contemplated or permitted hereby or thereby, the General Partner shall not be compensated for its services as General Partner to the Partnership.
(b) The General Partner shall be promptly reimbursed for all Designated Expenses, in addition to any reimbursement as a result of indemnification in accordance with Section 7.11. The General Partner shall determine such Designated Expenses in any reasonable manner determined by it.
(c) The General Partner may propose and adopt without the approval of the Limited Partners fringe benefit plans, including, without limitation, plans comparable to those that covered employees employed by the predecessors to the Operating Partnerships and plans involving the issuance of Units, for the benefit of employees of the General Partner, Partnership, any of the Operating Partnerships, the Manager or any of their respective Affiliates in respect of services performed, or obligated to be performed, directly or indirectly, for the benefit of the Partnership or any of the Operating Partnerships.
Compensation and Reimbursement of the General Partner. (a) The General Partner shall be reimbursed for all expenses, disbursements and advancements incurred or made in connection with the organization of the Partnership, the qualification of the Partnership and the General Partner conducting Partnership business.
(b) The General Partner shall be reimbursed on a monthly basis, or such other basis as the General Partner may determine in its sole discretion, for all direct expenses it incurs or makes on behalf of the Partnership (including amounts paid by the General Partner to any Person to perform services to the Partnership) and for that portion of the General Partner’s and its Affiliates’ in- house legal and accounting costs and expenses, telephone, secretary, aircraft, travel and entertainment expenses, office rent and other office expenses, salaries and other compensation expenses of employees, officers and directors, other administrative expenses and other expenses, all of which are necessary or appropriate to the conduct of the Partnership’s business and are allocable to the Partnership.
Compensation and Reimbursement of the General Partner. (a) The General Partner shall be reimbursed on a monthly or such other basis as the General Partner shall determine (i) for all direct expenses it incurs or makes on behalf of the Partnership (including amounts paid to any Person to perform services for the Partnership) and (ii) for the General Partner's legal, accounting, investor communications, utilities, telephone, secretarial, travel, entertainment, bookkeeping, reporting, data processing, office rent and other office expenses, salaries and other compensation and employee benefits expenses, other administrative or overhead expenses and all other expenses necessary to or appropriate for the conduct of the Partnership's business which are incurred by the General Partner in operating the Partnership's business (including, but not limited to, expenses allocated to the General Partner by its Affiliates), and which are allocated to the Partnership in addition to any reimbursement as a result of indemnification pursuant to Section 6.09. The General Partner shall determine the fees and expenses that are allocated to the Partnership by the General Partner in good faith.
(b) The General Partner shall not receive any compensation from the Partnership for services provided to the Partnership as General Partner.
Compensation and Reimbursement of the General Partner. 6.4.1 Except as otherwise provided in this Section 6.4, the General Partner shall not be compensated for its services as general partner of the Partnership.
6.4.2 The General Partner shall be reimbursed for all expenses, disbursements and advances incurred or made in connection with the organization of the Partnership, the Initial Offering and the qualification of the Partnership and the General Partner to do business.
6.4.3 The General Partner shall be reimbursed on a monthly basis, or such other basis as the General Partner may determine in its sole discretion, for (i) all direct expenses it incurs or makes on behalf of the Partnership (including amounts paid to any Person to perform services for the Partnership) and (ii) the portion of the General Partner's legal, accounting, utilities, investor communication, telephone, secretarial, travel, entertainment, bookkeeping, reporting, data processing, office rent and other office expenses (including overhead charges), salaries, fees and other compensation and benefit expenses of employees, officers and directors, other administrative or overhead expenses and all other direct and indirect administrative and incidental expenses, in each case necessary or appropriate to the conduct of the Partnership's business (including, without limitation, expenses allocated to the General Partner by its Affiliates). The General Partner shall determine such fees and expenses that are allocated to the Partnership in any reasonable manner in its sole discretion. Such reimbursements shall be in addition to any reimbursement to the General Partner as a result of indemnification pursuant to Section 6.8.
6.4.4 Subject to the provisions of Section 4.4, the General Partner may propose and adopt or cause to be adopted on behalf of the Partnership, without the approval of the Limited Partners, employee benefit plans, including plans involving the issuance of LP Units, for the benefit of employees of the General Partner, the Partnership, the Operating Partnership or any Affiliate of any such Persons, with respect to services performed, directly or indirectly, for the benefit of the Partnership or the Operating Partnership.
Compensation and Reimbursement of the General Partner. No General Partner in its capacity as a General Partner shall receive any salary, fee, or draw for services rendered to or on behalf of the Partnership; provided, however, that the General Partner shall be reimbursed on a monthly basis (a) for all direct expenses it pays or incurs on behalf of the Partnership (including amounts paid to any Person to perform services for the Partnership); and (b) for the portion of the General Partner's legal, accounting, telephone, secretarial, bookkeeping, reporting, data processing, office rent and other office expenses, salaries and other compensation expenses, other administrative expenses and other incidental expenses necessary to the conduct of the Partnership's business which are incurred by the General Partner in operating the Partnership's business (including, without limitation, expenses allocated to such General Partner by its Affiliates), and which are allocated to the Partnership and not otherwise reimbursed. The General Partner shall determine such fees and expenses which are allocated to the Partnership in any reasonable good faith manner, taking into account the relative use of the General Partner's resources by the General Partner and the Partnership, but the amount allocated must be reasonable in amount and necessary to the function of the Partnership.
Compensation and Reimbursement of the General Partner. (a) Except as provided in this Section 7.4 or elsewhere in this Agreement, the Management Agreement or any other agreement contemplated or permitted hereby, the General Partner shall not be compensated for its services as General Partner to the Partnership.
(b) The General Partner shall be promptly reimbursed for all Designated Expenses, in addition to any reimbursement as a result of indemnification in accordance with
Compensation and Reimbursement of the General Partner. The General Partner shall be reimbursed on a monthly basis, or on such other basis as the General Partner may determine in its sole and complete discretion, for all direct expenses it incurs or makes (including amounts paid to a person affiliated with or related to the General Partner) on behalf of the Partnership, including, but not limited to, (i) amounts paid to any person or organization performing services for the benefit of the Partnership, and (ii) expenses incurred for financial, accounting, legal and related services in connection with the organization or business of the Partnership. The General Partner may propose and adopt on behalf of the Partnership, in its sole discretion and without the approval of the Limited Partners, health benefits plans, bonus plans or other fringe benefit or deferred compensation plans for the employees of the Partnership, or for officers or other employees of the General Partner performing services for the benefit of the Partnership, and shall be reimbursed for any expenses incurred by the General Partner in connection therewith.
Compensation and Reimbursement of the General Partner. (a) Except as provided in this Section 7.4 or elsewhere in this Agreement, or any other agreement contemplated or permitted hereby or thereby, the General Partner shall not be compensated for its service as General Partner to the Partnership.
(b) The General Partner shall be promptly reimbursed for all Designated Expenses, in addition to any reimbursement as a result of indemnification in accordance with Section 7.11. The General Partner shall determine such Designated Expenses in any reasonable manner determined by it.
(c) The General Partner may propose and adopt without the approval of the Limited Partners fringe benefit plans, including, without limitation, plans comparable to those that covered employees employed by the predecessors to the Partnership and plans involving the issuance of Units, for the benefit of employees of the General Partner, the Partnership, any Operating Partnership, or any of their respective Affiliates, in respect of services performed, or obligated to be performed, directly or indirectly, for the benefit of the Partnership or any Operating Partnership, except that the Partnership shall not be obligated to reimburse either NEM or RTI for any costs or value associated with any NEM Designated Units or RTI Designated Units issued pursuant to the Restricted Unit Plan as described in Section 5.3.
Compensation and Reimbursement of the General Partner. (a) Except as provided in this Section 7.4 or elsewhere
Compensation and Reimbursement of the General Partner
