Common use of Compensation of the General Partner Clause in Contracts

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.

Appears in 6 contracts

Samples: Amendment to Agreement of Limited Partnership (LTC Properties Inc), Agreement of Limited Partnership (LTC Properties Inc), Limited Partnership Agreement (LTC Properties Inc)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Limited Partnership Agreement (LTC Properties Inc)

AutoNDA by SimpleDocs

Compensation of the General Partner. Unless otherwise consented to by the Limited Partner (or if there is more than one Limited Partner, 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.

Appears in 1 contract

Samples: Limited Partnership Agreement (LTC Properties Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!