Compensation of Partners and Affiliates Sample Clauses

Compensation of Partners and Affiliates. No Partner shall receive any compensation for its services to the Partnership, except (a) reimbursement to the General Partner for costs and expenses reasonably incurred by it on behalf of the Partnership, and (b) compensation paid to Partners and Affiliates of Partners which are engaged on behalf of the Partnership to provide services or materials that are, in the reasonable judgment of the General Partner, necessary or desirable for the Partnership.
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Compensation of Partners and Affiliates. (a) The Managing Partner shall not be entitled to any fees to act as Managing Partner hereunder. The Managing Partner shall be entitled to reimbursement for any reasonable or necessary expenses incurred or expenditures made by it (to the extent not otherwise reimbursed) for or on behalf of the Partnership (e.g., including, without limitation, travel). (b) In accordance with the Management and Leasing Agreement, TTC shall continue to provide management, administration, leasing, and other services as may be required from time to time in respect of the Shopping Center. The Managing Partner is hereby authorized to, and shall, amend the Management and Leasing Agreement as reasonably necessary (i) to take into account XXXXX' withdrawal as a partner of the Partnership, and (ii) to provide that, in connection with the occurrence of a Change of Control Event, the Management and Leasing Agreement may not be assigned and may be terminated in the event of a Change of Control Event. Any other amendment or modification to the Management and Leasing Agreement shall, except as hereinafter permitted, require the Non-Managing Partners' prior written approval. The Managing Partner, on behalf of the Partnership, shall have the right to (and so long as TRG LLC remains a Partner and no Change of Control Event has occurred, shall) renew the term of the Management and Leasing Agreement (and to renew any renewals thereof) (such renewed Management and Leasing Agreement and any renewals thereof are hereinafter referred to as the "Renewal Management and Leasing Agreement"), provided that the Renewal Management and Leasing Agreement contains the same terms and conditions as the Management and Leasing Agreement (except that the compensation under any Renewal Management and Leasing Agreement may increase so as to be consistent with the compensation then generally being paid pursuant to management agreements negotiated within the prior twenty-four (24) month period in respect of other shopping centers in which TRG has an ownership interest together with Persons unrelated to TRG). Any other amendment or modification to the Renewal Management and Leasing Agreement shall require the Non-Managing Partners' prior written approval. In addition, the Managing Partner shall also have the right to (and so long as TRG LLC remains a Partner and no Change of Control Event has occurred, shall) engage TTC to provide services (including, without limitation, development services) in respect of the expans...
Sample 1

Related to Compensation of Partners and Affiliates

  • Compensation of the Advisor Each Fund agrees to pay to the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor pursuant to this Agreement, a fee accrued daily and paid monthly in arrears at an annual rate listed in Appendix A with respect to the Fund’s average daily net assets. For any period less than a month during which this Agreement is in effect, the fee shall be prorated according to the proportion which such period bears to a full month of 28, 29, 30 or 31 days, as the case may be. The fee payable to the Advisor under this Agreement will be reduced to the extent required by any expense limitation agreement. The Advisor may voluntarily absorb certain Fund expenses or waive all or a portion of its fee.

  • Compensation of the Adviser For all of the services to be rendered and payments to be made as provided in this Agreement, as of the last business day of each month, the Fund will pay you a fee at the annual rate of 1.50% of the average value of its daily net assets. The average value of the daily net assets of the Fund shall be determined pursuant to the applicable provisions of the Declaration of Trust of the Trust or a resolution of the Board, if required. If, pursuant to such provisions, the determination of net asset value of the Fund is suspended for any particular business day, then for the purposes of this paragraph, the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets as of the close of the business day, or as of such other time as the value of the Fund's net assets may lawfully be determined, on that day. If the determination of the net asset value of the Fund has been suspended for a period including such month, your compensation payable at the end of such month shall be computed on the basis of the value of the net assets of the Fund as last determined (whether during or prior to such month).

  • Compensation of the Sub-Advisor a. As compensation for the services to be rendered and duties undertaken hereunder by the Sub-Advisor, the Advisor will pay to the Sub-Advisor a monthly fee equal on an annual basis to 0.15% of the average daily net assets of the Fund. Such fee shall be computed and accrued daily. If the Sub-Advisor serves in such capacity for less than the whole of any period specified in this Section 3a, the compensation to the Sub-Advisor shall be prorated. For purposes of calculating the Sub-Advisor's fee, the daily value of the Fund's net assets shall be computed by the same method as the Trust uses to compute the net asset value of the Fund for purposes of purchases and redemptions of shares thereof. b. The Sub-Advisor reserves the right to waive all or a part of its fees hereunder.

  • EMPLOYER AND EMPLOYEE DUTIES 11.1 An employer may direct an employee to carry out such duties as are within the limits of the employee's skills, competence and training consistent with the classification structure of this agreement provided that such duties are not designed to promote xx-xxxxxxxx. 11.2 An employer may direct an employee to carry out such duties and use such tools and equipment as may be required provided that the employee has been properly trained in the use of such tools and equipment. 11.3 Any direction issued by an employer under this clause is to be consistent with the employer's responsibilities to provide a safe and healthy working environment.

  • COMPENSATION OF THE MANAGER BY FUND For all services to be rendered and payments made as provided in Sections 1, 2 and 4 hereof, the Fund will accrue daily and pay the Manager monthly, or at such other intervals as the Fund and Manager may agree, a fee based on the average of the values placed on the net assets of each Series of the Fund as of the time of determination of the net asset value on each trading day throughout the month in accordance with Schedule 1 attached hereto. Net asset value shall be determined pursuant to applicable provisions of the Articles of Incorporation of the Fund. If pursuant to such provisions the determination of net asset value is suspended, then for the purposes of this Section 5 the value of the net assets of the Fund as last determined shall be deemed to be the value of the net assets for each day the suspension continues. The Manager may, at its option, waive all or part of its compensation for such period of time as it deems necessary or appropriate.

  • All Employees to be Members ‌ All employees of the Employer, as a condition of continuing employment, shall become and remain members in good standing of the Union, according to the Constitution and By-Laws of the Union. All future employees of the Employer shall, as a condition of continued employment, become and remain members in good standing in the Union from the date of hire.

  • Compensation of Advisor For services to be provided by the Advisor pursuant to this Agreement, the Fund will pay to the Advisor, and the Advisor agrees to accept as full compensation therefor, an investment advisory fee consisting of a base fee plus a performance adjustment at the rates specified in Schedule A to this Agreement, payable quarterly in arrears.

  • Reporting Subawards and Executive Compensation a. Reporting of first-tier subawards.

  • Compensation of the Sub-Adviser As full compensation for all services rendered, facilities furnished and expenses borne by the Sub-Adviser hereunder, the Sub-Adviser shall be paid the fees in the amounts and in the manner set forth in Appendix A hereto.

  • COMPENSATION TO THE ADVISOR The Trust shall pay the Advisor, out of the assets of a Fund, as full compensation for all services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Fund for the calendar year computed in the manner used for the determination of the net asset value of shares of such Fund.