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 shall receive no compensation for performing its administrative duties as General Partner of the Partnership; provided, however, that (i) the General Partner shall be entitled to receive distributions as provided in this Agreement, and (ii) the General Partner and its Affiliates shall be entitled to reimbursement for all reasonable expenses incurred by them in connection with the administration of the Partnership, including without limitation, all legal and accounting expenses and allocated staff costs incurred in connection with the administration 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 and any other party (including Triad and any Triad Affiliate) with whom the Partnership or the General Partner contracts to render management services shall be entitled to receive a monthly management fee of two percent (2%) of the Partnership’s net revenues for the preceding month. The General Partner intends to maintain such management fee at two percent (2%) for the life of the Partnership. 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 contractual adjustments, policy discounts, charity care and administrative discounts, as determined in accordance with generally accepted accounting principles. The General Partner may contract with other parties (including Triad or any Triad Affiliate) in rendering management services to the Partnership. The monthly management fee is not intended to include the cost of services relating to information systems, insurance, design, construction and equipment planning and public affairs, which will be billed to the Partnership separately.
Compensation of the General Partner. For managing the Partnership on a day-to-day basis, the General Partner will receive a management equal to $500.00 per month per operating store.
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. The General Partner may receive a reasonable monthly salary for managing the affairs of the Partnership. The General Partner may from time to time adjust its compensation as necessary to reasonably compensate the General Partner for its services to the Partnership. Additionally, the General Partner shall be reimbursed for all expenses incurred in furtherance of the Partnership’s business.
