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.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Four Corners Property Trust, Inc.), Limited Partnership Agreement (CSL Capital, LLC), Limited Partnership Agreement (CSL Capital, LLC)
Compensation of Partners and Affiliates. No Partner shall receive any compensation for its services to the Partnership, except (ai) reimbursement to the General Partner for costs and expenses reasonably incurred by it on behalf of the Partnership, and (biii) 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 PartnerPartners, necessary or desirable for the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Southwest General Hospital Lp)
