COMPENSATION TO GENERAL PARTNER. In addition to any Profits that may be allocated to the General Partner, as compensation for various administrative, reporting, advisory and other services that are to be performed by the General Partner, the General Partner will receive a guaranteed payment equal to .25 percent (25 Basis Points) of the Gross Asset Value of all Partnership assets as of December 31 of each year. The fee will be payable in four equal quarterly installments during the succeeding and will be treated as earned during the succeeding year. The fee will be adjusted if the Partnership has a short taxable year.
Appears in 8 contracts
Samples: Partnership Agreement (Miller Lloyd I Iii), Partnership Agreement (Miller Lloyd I Iii), Partnership Agreement (Miller Lloyd I Iii)
COMPENSATION TO GENERAL PARTNER. In addition to any Profits that may be allocated to the General Partner, as compensation for various administrative, reporting, advisory and other services that are to be performed by the General Partner, the General Partner will receive a guaranteed payment equal to .25 .30 percent (25 30 Basis Points) of the Gross Asset Value of all Partnership assets as of December 31 of each year. The fee will be payable in four equal quarterly installments during the succeeding and will be treated as earned during the succeeding year. The fee will be adjusted if the Partnership has a short taxable year.
Appears in 5 contracts
Samples: Partnership Agreement (American Banknote Corp), Partnership Agreement (Miller Lloyd I Iii), Partnership Agreement (Synergy Brands Inc)
