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 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.

  • 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 of the Manager For the services to be rendered by the Manager as provided in this Agreement, the Fund shall pay to the Manager a fee computed on the aggregate net asset value of the Portfolio as of the close of each business day and payable monthly at the annual rate of 0.20%. In the event that this Agreement is terminated at other than a month-end, the fee for such month shall be prorated, as applicable.

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