Compensation of the General Partner. The General Partner shall not be entitled to any compensation for services rendered to the Partnership solely in its capacity as General Partner except with respect to reimbursement for those costs and expenses constituting Administrative Expenses.
Compensation of the General Partner. A. Except as provided in Articles Four and Five, the General Partner shall not, either in its capacity as General Partner or in its individual capacity, receive any salary, fees or profits from the Limited Partnership.
B. In consideration of its payment of Organization and Offering Costs, the General Partner shall be paid by the Limited Partnership an amount equal to 3.5% of the Unit Holders' Subscriptions as provided in Section 3.5. The General Partner shall be reimbursed by the Limited Partnership for General and Administrative Costs and Direct Administrative Costs incurred by it on behalf of the Limited Partnership, and such costs shall be allocated among the Partners as set forth in Section 5.2 of this Agreement. The aggregate amount of General and Administrative Costs allocable to the accounts of the Unit Holders for which the General Partner will be reimbursed by the Limited Partnership and the Managing Partner by the Production Partnership will not (i) in the first 12 months following Activation of the Limited Partnership, exceed an amount equal to 2.5% of the Unit Holders' Subscription, and (ii) in any succeeding 12 month period, exceed an amount equal to 1% of the Unit Holders' Subscriptions. All General and Administrative costs allocable to the accounts of the Unit Holders will be paid solely out of Income allocable to the Unit Holders. To the extent that Partnership Income is insufficient to permit reimbursement of such General and Administrative Costs in the period in which they are incurred or accrued or the amounts actually reimbursed by the Partnerships do not exceed the forgoing limitations, such unpaid or unused General and Administrative Costs may be carried forward or backwards and charged against Income or increase the maximum amount of reimbursable General and Administrative Costs for any other period. The General Partner shall be paid any excess of interest income over the costs incurred in connection with the maintenance of the reinvestment account referred to in Section 5.l(B)(i).
Compensation of the General Partner. Unless otherwise consented to by a Majority-in-Interest of the Limited Partners, except as expressly provided in Articles 4 and 5 hereof regarding distributions and allocations to which the General Partner may be entitled, the General Partner shall not receive any compensation for its services as general partner of the Partnership.
Compensation of the General Partner. As compensation and consideration for the performance of its duties and responsibilities as General Partner, the General Partner shall be entitled to receive a monthly management fee of two percent (2%) of the Partnership's net revenues for the preceding month. Such management fee will be paid on or before the twentieth (20th) day of each month after the month the Partnership starts to conduct business operations. For purposes of this Section 8.8, the Partnership's net revenues shall mean its gross revenues less its contractual adjustments, charity care and administrative discounts as determined in accordance with generally accepted accounting principles. The General Partner may contract with other parties (including IASIS or any IASIS Affiliate) in rendering management services to the Partnership.
Compensation of the General Partner. A. Except as provided in Articles Four and Five, the General Partner shall not, either in its capacity as General Partner or in its individual capacity, receive any salary, fees, or profits from the Partnership.
B. In consideration of its payment of Organization and Offering Costs, the General Partner shall be paid in cash by the Partnership an amount equal to: (i) 3.5% of individual Unit Holders' Subscriptions for 2,500 Units or less, (ii) 2.625% of individual Unit Holders' Subscriptions for more than 2,500 Units but less than or equal to 5,000 Units, (iii) 1.75% of individual Unit Holders' Subscriptions for more than 5,000 Units but less than or equal to 7,500 Units, (iv) 1.0% of individual Unit Holders' Subscriptions for more than 7,500 Units but less than or equal to 10,000 Units, (v) .25% of individual Unit Holders' Subscriptions for more than 10,000 Units but less than 100,000 Units, and (vi) no Organization and Offering Costs shall be paid for individual Unit Holders' Subscriptions of 100,000 Units or more. In consideration of its services rendered in connection with the Partnerships' acquisition of Net Profits Interests and Royalties and the conduct of its business operations, the General Partner shall be paid the Acquisitions Fee in an amount equal to 3.5% of the Unit Holders' Subscriptions. Notwithstanding the foregoing, the General Partner shall not be entitled to any payment in respect of Organization and Offering Costs or the Acquisitions Fee in the event that Unit Holders' Subscriptions are to be returned in accordance with Section 3.3B as a result of a failure to satisfy conditions specified in the Prospectus.
C. Except as otherwise provided in this Section 4.7C, the General Partner shall be reimbursed by the Partnership for General and Administrative Costs and Direct Administrative Costs incurred by it on behalf of the Partnership, and such costs shall be allocated among the Partners and Unit Holders as set forth in Section 5.1 of this Agreement. The aggregate amount of General and Administrative Costs allocable to the accounts of the Unit Holders for which the General Partner will be reimbursed will not, (i) in the first 12 months following Activation of the Partnership, exceed an amount equal to 2.5% of the Unit Holders' Subscriptions, and (ii) in any succeeding 12-month period, exceed an amount equal to 1% of the Unit Holders' Subscriptions; provided, however, that notwithstanding the foregoing, the amount of such General and Administrat...
Compensation of the General Partner. The General Partner as general partner of the Partnership shall not in such capacity receive any salary, fees, profits or distributions except for such allocations or distributions to which it may be entitled under Article Four, Article Five or Article Eight. Notwithstanding the foregoing, however, the Partnership shall reimburse the General Partner for the cost of providing any administrative or other services required or contemplated by this Agreement.
Compensation of the General Partner. The Partnership shall not pay any salary or fee to the General Partner or any part of the General Partner's overhead and administrative costs. However, the General Partner shall be entitled to payment pursuant to the terms and conditions of that certain Operating Agreement of even date herewith by and between the General Partner, as Operator, and the Partnership, as Non-Operator.
Compensation of the General Partner. EXPENSES
Compensation of the General Partner. Except as provided in the Management Agreements, the General Partner shall receive no compensation for the performance of its duties and responsibilities hereunder.
Compensation of the General Partner. As compensation and consideration for the performance of its duties and responsibilities as General Partner, the General Partner shall be entitled to receive a monthly management fee of 2% of the Partnership's Net Revenues from Health Care Services for the preceeding month. Such management fee will be paid on or before the twentieth (20th) day of each month after the month the Partnership starts to conduct business operations. The General Partner shall provide DCSF and each member of the Board of Advisors with complete information regarding the calculation of such fee at the time said fee is paid; and shall make available to the WPRH Members and DCSF Members all supporting information relevant thereto. Subject to the provisions of Section 8.5 and any other express provisions herein, the General Partner may (at General Partner's sole expense) contract with Columbia or any Columbia Affiliate for assistance to it in rendering management services to the Partnership; and may contract wit-in third parties for the same if Approved by the Committee.
