Common use of Compensation of Managing Partner; Reimbursement Clause in Contracts

Compensation of Managing Partner; Reimbursement. No salaries or other benefits shall be paid to Managing Partner or any successor manager in its capacity as manager. The Partnership shall reimburse Managing Partner or any successor manager in its capacity as manager for any expense of the Partnership paid by Managing Partner or any successor manager as provided in Section 6.6.

Appears in 3 contracts

Samples: Partnership Agreement, Partnership Agreement (Dividend Capital Total Realty Trust Inc.), Partnership Agreement (Dividend Capital Total Realty Trust Inc.)

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Compensation of Managing Partner; Reimbursement. No salaries or other benefits shall be paid to Managing Partner or any successor manager in its capacity as manager. The Partnership shall reimburse Managing Partner or any successor manager in its capacity as manager for any expense of the Partnership paid by Managing Partner or any successor manager as provided in Section 6.6contemplated hereunder.

Appears in 1 contract

Samples: Partnership Agreement (Dividend Capital Total Realty Trust Inc.)

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