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.
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.
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.
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. 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
Compensation and Reimbursement of the General Partner
Compensation and Reimbursement of the General Partner
